Price Target Changed • May 20
Price target decreased by 17% to €24.20 Down from €29.30, the current price target is provided by 1 analyst. New target price is 84% above last closing price of €13.15. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of €0.60 next year compared to a net loss per share of €0.57 last year. Announcement • Mar 27
Heliad AG, Annual General Meeting, May 06, 2026 Heliad AG, Annual General Meeting, May 06, 2026, at 11:00 W. Europe Standard Time. Announcement • Dec 17
Heliad AG has completed a Follow-on Equity Offering in the amount of €7.99999 million. Heliad AG has completed a Follow-on Equity Offering in the amount of €7.99999 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 601,503
Price\Range: €13.3
Transaction Features: Subsequent Direct Listing Announcement • Aug 07
Deutsche WertpapierService Bank AG acquired lemon.markets GmbH. Deutsche WertpapierService Bank AG acquired lemon.markets GmbH on August 6, 2025. Under the terms of the deal, lemon.markets GmbH will operate as a separate entity within the dwpbank group, maintaining its brand identity while collaborating closely with dwpbank to develop their respective platforms.
Frank Henkel, Claudia Posluschny, Frank Herring, Ingemar Kartheuser, Markus Müller, Michael Born and Oliver Polster of Norton Rose Fulbright LLP acted as legal advisor for Deutsche WertpapierService Bank AG.
Deutsche WertpapierService Bank AG completed the acquisition of lemon.markets GmbH on August 6, 2025. Announcement • Mar 26
Heliad AG, Annual General Meeting, May 05, 2025 Heliad AG, Annual General Meeting, May 05, 2025, at 11:00 W. Europe Standard Time. Reported Earnings • Oct 06
First half 2024 earnings released: €0.11 loss per share (vs €1.34 loss in 1H 2023) First half 2024 results: €0.11 loss per share (improved from €1.34 loss in 1H 2023). Net loss: €910.2k (loss narrowed 88% from 1H 2023). Revenue is expected to decline by 171% p.a. on average during the next 2 years, while revenues in the Capital Markets industry in Germany are expected to grow by 1.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 30
Full year 2023 earnings released Full year 2023 results: Net loss: €15.6m (down €17.7m from profit in FY 2022). New Risk • Feb 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 54% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 51% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risks Revenue is less than US$5m (€2.0m revenue, or US$2.2m). Market cap is less than US$100m (€76.5m market cap, or US$82.5m). New Risk • Nov 03
New major risk - Revenue and earnings growth Earnings have declined by 51% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Revenue is less than US$5m (€2.0m revenue, or US$2.2m). Market cap is less than US$100m (€57.2m market cap, or US$61.5m). New Risk • Oct 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Revenue is less than US$5m (€2.0m revenue, or US$2.1m). Market cap is less than US$100m (€62.1m market cap, or US$65.8m). Reported Earnings • Oct 01
First half 2023 earnings released: €1.34 loss per share (vs €0.43 profit in 1H 2022) First half 2023 results: €1.34 loss per share (down from €0.43 profit in 1H 2022). Net loss: €7.30m (down 408% from profit in 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €9.70, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 18x in the Capital Markets industry in Germany. Total loss to shareholders of 50% over the past three years. New Risk • Jun 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 35% per year over the past 5 years. Minor Risks Revenue is less than US$5m (€3.1m revenue, or US$3.4m). Market cap is less than US$100m (€52.6m market cap, or US$57.3m). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to €13.70, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 15x in the Capital Markets industry in Germany. Total loss to shareholders of 28% over the past three years. Reported Earnings • May 03
Full year 2022 earnings released Full year 2022 results: Revenue: €3.11m (down 56% from FY 2021). Net income: €2.04m (up €2.39m from FY 2021). Profit margin: 66% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €11.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 02
First half 2022 earnings released: EPS: €0 (vs €0.44 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.44 in 1H 2021). Net income: €2.37m (down 1.6% from 1H 2021). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €19.25, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 14x in the Capital Markets industry in Germany. Total returns to shareholders of 14% over the past three years. Announcement • Feb 01
FinLab AG to Report Fiscal Year 2022 Results on Apr 28, 2023 FinLab AG announced that they will report fiscal year 2022 results on Apr 28, 2023 Reported Earnings • Oct 04
First half 2021 earnings released: EPS €0.44 (vs €0.08 in 1H 2020) First half 2021 results: Net income: €2.41m (up 465% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Executive Departure • May 06
CFO & Member of Management Board has left the company On the 30th of April, Juan Rodriguez's tenure as CFO & Member of Management Board ended after 8.0 years in the role. We don't have any record of a personal shareholding under Juan's name. A total of 2 executives have left over the last 12 months. Executive Departure • May 06
CEO, Head of Investments & Member of Management Board Stefan Schutze has left the company On the 30th of April, Stefan Schutze's tenure as CEO, Head of Investments & Member of Management Board of the company ended. We don't have any record of a personal shareholding under Stefan's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 25
Full year 2020 earnings released: EPS €1.15 (vs €7.54 in FY 2019) Full year 2020 results: Net income: €6.10m (down 85% from FY 2019). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 15% share price gain to €26.30, the stock is trading at a trailing P/E ratio of 3.8x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 19x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 28%. Is New 90 Day High Low • Feb 02
New 90-day high: €24.70 The company is up 43% from its price of €17.25 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 15% share price gain to €24.20, the stock is trading at a trailing P/E ratio of 3.4x, up from the previous P/E ratio of 3x. This compares to an average P/E of 17x in the Capital Markets industry in Germany. Total return to shareholders over the past three years is a loss of 6.9%. Is New 90 Day High Low • Jan 04
New 90-day high: €21.60 The company is up 11% from its price of €19.50 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: €20.30 The company is up 2.0% from its price of €20.00 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: €16.75 The company is down 7.0% from its price of €18.00 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 8.0% over the same period. Price Target Changed • Oct 01
Price target raised to €27.87 Up from €25.28, the current price target is provided by 1 analyst. The new target price is 43% above the current share price of €19.50. As of last close, the stock is up 14% over the past year. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total profits of €37.5m, up 88% from the prior year.