Major Estimate Revision • Sep 19
Consensus EPS estimates fall by 17%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €58.8m to €61.8m. Forecast EPS reduced from -€0.58 to -€0.68 per share. Interactive Media and Services industry in Germany expected to see average net income growth of 33% next year. Consensus price target up from €14.75 to €16.25. Share price rose 2.0% to €12.45 over the past week. Breakeven Date Change • Sep 11
Forecast to breakeven in 2027 The 2 analysts covering Smartbroker Holding expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €100.0k in 2027. Average annual earnings growth of 37% is required to achieve expected profit on schedule. Major Estimate Revision • Aug 31
Consensus estimates of losses per share improve by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €55.9m to €58.8m. EPS estimate increased from -€0.65 per share to -€0.58 per share. Interactive Media and Services industry in Germany expected to see average net income growth of 21% next year. Consensus price target up from €13.50 to €14.75. Share price rose 12% to €12.40 over the past week. Price Target Changed • Aug 29
Price target increased by 13% to €14.75 Up from €13.00, the current price target is an average from 2 analysts. New target price is 19% above last closing price of €12.40. Stock is up 103% over the past year. The company is forecast to post a net loss per share of €0.58 next year compared to a net loss per share of €0.083 last year. Breakeven Date Change • Aug 29
Forecast to breakeven in 2027 The 2 analysts covering Smartbroker Holding expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €100.0k in 2027. Average annual earnings growth of 0.7% is required to achieve expected profit on schedule. Announcement • Aug 01
Smartbroker Holding AG, Annual General Meeting, Sep 11, 2025 Smartbroker Holding AG, Annual General Meeting, Sep 11, 2025, at 11:00 W. Europe Standard Time. Reported Earnings • Jun 30
Full year 2024 earnings released Full year 2024 results: Revenue: €57.5m (up 17% from FY 2023). Net loss: €1.39m (loss narrowed 77% from FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Europe. New Risk • Mar 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€8.3m net loss in 2 years). New Risk • Mar 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (€8.3m net loss in 2 years). Breakeven Date Change • Mar 05
No longer forecast to breakeven The 2 analysts covering Smartbroker Holding no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of €1.30m in 2026. New consensus forecast suggests the company will make a loss of €1.10m in 2026. Major Estimate Revision • Dec 03
Consensus EPS estimates upgraded to €0.05 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.18 to -€0.05 per share. Revenue forecast unchanged from €50.5m at last update. Interactive Media and Services industry in Germany expected to see average net income growth of 24% next year. Consensus price target of €10.00 unchanged from last update. Share price rose 5.4% to €8.20 over the past week. Price Target Changed • Oct 25
Price target increased by 26% to €12.00 Up from €9.53, the current price target is provided by 1 analyst. New target price is 46% above last closing price of €8.24. Stock is down 13% over the past year. The company is forecast to post a net loss per share of €0.26 next year compared to a net loss per share of €0.38 last year. Major Estimate Revision • Oct 24
Consensus EPS estimates upgraded to €0.26 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €51.7m to €51.0m. 2024 losses expected to reduce from -€0.305 to -€0.255 per share. Interactive Media and Services industry in Germany expected to see average net income growth of 21% next year. Consensus price target of €9.80 unchanged from last update. Share price was steady at €8.24 over the past week. New Risk • Oct 23
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €6.3m Forecast net loss in 2 years: €1.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€1.2m net loss in 2 years). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Major Estimate Revision • Sep 09
Consensus EPS estimates upgraded to €0.30 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.34 to -€0.305 per share. Revenue forecast unchanged from €51.7m at last update. Interactive Media and Services industry in Germany expected to see average net income growth of 29% next year. Consensus price target of €9.80 unchanged from last update. Share price was steady at €6.02 over the past week. Reported Earnings • Sep 04
First half 2024 earnings released First half 2024 results: Revenue: €25.7m (up 2.1% from 1H 2023). Net loss: €2.09m (loss widened 18% from 1H 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Interactive Media and Services industry in Europe. Announcement • Jul 24
Smartbroker Holding AG, Annual General Meeting, Sep 03, 2024 Smartbroker Holding AG, Annual General Meeting, Sep 03, 2024, at 11:00 W. Europe Standard Time. New Risk • Jul 05
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Shareholders have been diluted in the past year (7.0% increase in shares outstanding). New Risk • May 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.0% This is considered a minor 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. This is currently the only risk that has been identified for the company. Price Target Changed • Apr 09
Price target decreased by 22% to €9.53 Down from €12.23, the current price target is an average from 3 analysts. New target price is 46% above last closing price of €6.54. Stock is down 30% over the past year. The company is forecast to post a net loss per share of €0.28 next year compared to a net loss per share of €0.64 last year. Announcement • Mar 27
Smartbroker Holding AG to Report First Half, 2024 Results on Sep 01, 2024 Smartbroker Holding AG announced that they will report first half, 2024 results on Sep 01, 2024 Price Target Changed • Mar 13
Price target decreased by 11% to €11.63 Down from €13.10, the current price target is an average from 4 analysts. New target price is 75% above last closing price of €6.66. Stock is down 23% over the past year. The company is forecast to post a net loss per share of €0.28 next year compared to a net loss per share of €0.64 last year. Announcement • Oct 20
Smartbroker Holding Ag Elects Daniel Berger to Supervisory Board Smartbroker Holding AG approved Berlin lawyer Daniel Berger elected to the Supervisory Board. New Risk • Oct 05
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. This is currently the only risk that has been identified for the company. Price Target Changed • Oct 01
Price target increased by 7.4% to €13.80 Up from €12.85, the current price target is an average from 3 analysts. New target price is 25% above last closing price of €11.00. Stock is up 75% over the past year. The company is forecast to post a net loss per share of €0.32 next year compared to a net loss per share of €0.64 last year. Major Estimate Revision • Sep 17
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €51.5m to €50.5m. Losses expected to increase from €0.24 per share to €0.28. Interactive Media and Services industry in Germany expected to see average net income growth of 22% next year. Consensus price target of €12.85 unchanged from last update. Share price was steady at €11.75 over the past week. Major Estimate Revision • Sep 07
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €53.1m to €51.5m. Losses expected to increase from €0.18 per share to €0.24. Interactive Media and Services industry in Germany expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at €12.85. Share price fell 7.6% to €11.55 over the past week. Announcement • Aug 30
Smartbroker Holding AG to Report First Half, 2023 Results on Sep 13, 2023 Smartbroker Holding AG announced that they will report first half, 2023 results on Sep 13, 2023 Reported Earnings • Jul 21
Full year 2022 earnings released Full year 2022 results: Revenue: €56.5m (up 15% from FY 2021). Net loss: €10.1m (loss widened €9.58m from FY 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Interactive Media and Services industry in Europe. Price Target Changed • Apr 14
Price target decreased by 21% to €13.90 Down from €17.50, the current price target is an average from 4 analysts. New target price is 32% above last closing price of €10.50. Stock is down 41% over the past year. The company is forecast to post earnings per share of €0.022 next year compared to a net loss per share of €0.034 last year. Price Target Changed • Feb 01
Price target decreased by 25% to €19.25 Down from €25.57, the current price target is an average from 2 analysts. New target price is 173% above last closing price of €7.06. Stock is down 66% over the past year. The company is forecast to post earnings per share of €0.079 next year compared to a net loss per share of €0.034 last year. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €7.16, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 19x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 15% over the past three years. Announcement • Jan 21
Smartbroker Holding AG to Report Fiscal Year 2022 Results on Feb 01, 2023 Smartbroker Holding AG announced that they will report fiscal year 2022 results on Feb 01, 2023 Major Estimate Revision • Dec 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.26 to €0.17 per share. Revenue forecast steady at €55.9m. Net income forecast to grow 126% next year vs 22% growth forecast for Interactive Media and Services industry in Germany. Consensus price target down from €25.57 to €24.61. Share price fell 17% to €6.33 over the past week. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €6.26, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 6.6% over the past three years. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 17% share price gain to €8.35, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 19% share price gain to €7.88, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €5.84, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 8.1% over the past three years. Reported Earnings • Sep 21
First half 2022 earnings released: EPS: €0 (vs €0.28 loss in 1H 2021) First half 2022 results: EPS: €0 (improved from €0.28 loss in 1H 2021). Revenue: €29.3m (up 156% from 1H 2021). Net income: €1.25m (up €5.53m from 1H 2021). Profit margin: 4.3% (up from net loss in 1H 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in Europe. Announcement • Sep 16
Smartbroker Holding AG Provides Earnings Guidance for the Full Year 2022 Smartbroker Holding AG provided earnings guidance for the full year 2022. For the year, Group expects revenues between €54 million and €57 million. Announcement • Sep 07
Smartbroker Holding AG to Report Q2, 2022 Results on Sep 16, 2022 Smartbroker Holding AG announced that they will report Q2, 2022 results on Sep 16, 2022 Announcement • Sep 02
Smartbroker AG Appoints Uwe Lüders as CFO Smartbroker AG is expanding its Management Board: the former Raisin Bank board member Uwe Lüders joins the management team of the Berlin-based fintech on 15 September 2022. Together with long-time board member Thomas Soltau, Uwe Lüders will primarily be focused on further developing the multi-award-winning next generation broker Smartbroker as well as the fund broker FondsDISCOUNT.de. In his new role as Chief Financial Officer, Lüders will be responsible for the areas of Risk Controlling, Finance, Legal, Compliance, and Anti Money Laundering. The expansion of the Management Board provides the Smartbroker operating company with additional relevant expertise in the banking sector. This represents an essential part of the ongoing strengthening of internal structures and procedures in preparation for the future financial commission and custody business, for which an application has been submitted to Germany’s Federal Financial Supervisory Authority (BaFin). Subject to the license being granted, Smartbroker AG will be entitled to provide most securities brokerage and account management services in-house. 55-year-old Lüders has many years of management experience in the banking sector. Most recently, he was a member of the Management Board at Raisin Bank, where he was responsible for the business development and further development of the risk management function. Before that, he worked as a board member at ProCredit Bank, where he headed, among others, Compliance, Finance and Risk Management. During his time at the Aquila Group, he held a management board position and was responsible for the establishment and launch of a broker-dealer bank. Previous positions include senior finance roles at the private bank Hauck Aufhäuser Lampe and in the cooperative banking sector. Following vocational training as banker, Lüders gained a degree in business administration and economics. Price Target Changed • Aug 26
Price target decreased to €26.17 Down from €29.91, the current price target is an average from 5 analysts. New target price is 181% above last closing price of €9.30. Stock is down 59% over the past year. The company is forecast to post earnings per share of €0.29 next year compared to a net loss per share of €0.034 last year. Announcement • Aug 20
wallstreet:online AG Announces Executive Changes The Supervisory Board of Smartbroker Holding AG (previously: wallstreet:online AG) has reached an agreement with Matthias Hach that Mr. Hach will prematurely resign from his position as CEO of Smartbroker Holding AG and wallstreet:online capital AG by mutual consen t with immediate effect and leave the Smartbroker group. It is intended that the current Chairman of the Supervisory Board, André Kolbinger, will move back into the lead executive position at Smartbroker Holding AG. Reported Earnings • May 20
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €49.7m (up 262% from FY 2020). Net loss: €536.9k (down 116% from profit in FY 2020). Revenue missed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 28%, compared to a 25% growth forecast for the industry in Germany. Announcement • May 19
wallstreet:online AG, Annual General Meeting, Jun 24, 2022 wallstreet:online AG, Annual General Meeting, Jun 24, 2022. Agenda: To consider name change. Price Target Changed • Mar 17
Price target decreased to €30.54 Down from €33.43, the current price target is an average from 5 analysts. New target price is 77% above last closing price of €17.25. Stock is down 13% over the past year. The company is forecast to post earnings per share of €0.18 for next year compared to €0.23 last year. Announcement • Mar 10
wallstreet:online AG Provides Consolidated Earnings Guidance for the Year 2022 wallstreet:online AG provided consolidated earnings guidance for the year 2022. The company expects revenues in the range of EUR 62 to EUR 67 million and a consolidated operating EBITDA in the amount of EUR 10 to EUR 12 million. Reported Earnings • Sep 17
First half 2021 earnings released: €0.28 loss per share (vs €0.15 profit in 1H 2020) The company reported a mediocre first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: €11.5m (up 83% from 1H 2020). Net loss: €4.28m (down 303% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 67% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 10
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €0.30 to €0.25. Revenue forecast unchanged from €51.8m at last update. Net income forecast to grow 37% next year vs 37% growth forecast for Interactive Media and Services industry in Germany. Consensus price target up from €31.75 to €33.93. Share price rose 13% to €25.00 over the past week. Price Target Changed • Jun 19
Price target increased to €31.75 Up from €28.50, the current price target is an average from 4 analysts. New target price is 24% above last closing price of €25.70. Stock is up 306% over the past year. Announcement • Jun 16
wallstreet:online AG announced that it has received €19.128273 million in funding wallstreet:online AG (XTRA:WSO1) announced a private placement of 719,108 bear shares at €26.60 each for gross proceeds of €19,128,272.8 on June 15, 2021. The transaction included participation from institutional investors. The capital of the company increased from €14,382,144.00 to €15,101,252.00. Reported Earnings • Jun 13
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €14.0m (up 63% from FY 2019). Net income: €3.36m (up 77% from FY 2019). Profit margin: 24% (up from 22% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 06
New 90-day high: €22.60 The company is up 81% from its price of €12.50 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.15 per share. Price Target Changed • Feb 03
Price target raised to €17.18 Up from €15.08, the current price target is an average from 4 analysts. The new target price is 23% below the current share price of €22.30. As of last close, the stock is up 260% over the past year. Is New 90 Day High Low • Jan 20
New 90-day high: €19.05 The company is up 79% from its price of €10.65 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.98 per share. Is New 90 Day High Low • Jan 04
New 90-day high: €15.70 The company is up 46% from its price of €10.75 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 Interactive Media and Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.85 per share. Price Target Changed • Dec 08
Price target raised to €15.08 Up from €13.75, the current price target is an average from 4 analysts. The new target price is close to the current share price of €14.70. As of last close, the stock is up 158% over the past year. Is New 90 Day High Low • Nov 05
New 90-day high: €12.40 The company is up 58% from its price of €7.85 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.07 per share. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 22% share price gain to €11.50, the stock is trading at a trailing P/E ratio of 64.3x, up from the previous P/E ratio of 52.7x. This compares to an average P/E of 31x in the Interactive Media and Services industry in Europe. Total returns to shareholders over the past three years are 183%. Major Estimate Revision • Oct 06
Analysts update estimates The 2020 consensus revenue estimate was lowered from €27.0m to €25.8m. Earnings per share (EPS) increased from €1.85 to €2.33 for the same period. Net income is expected to grow by 113% next year compared to 1.7% decline forecast for the Interactive Media and Services industry in Germany. The consensus price target increased from €88.33 to €102. Share price is up 4.4% to €86.00 over the past week. Is New 90 Day High Low • Oct 01
New 90-day high: €87.20 The company is up 61% from its price of €54.00 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €91.40 per share. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of €2.57m, down 17% from the prior year. Total revenue was €10.4m over the last 12 months, up 28% from the prior year.