Added to YB: 2025-04-25
Pitch date: 2025-04-23
BKHT.DE [bullish]
Brockhaus Technologies AG
+10.38%
current return
Author Info
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Company Info
Brockhaus Technologies AG is a private equity firm. The firm specializing in emerging growth, middle market, later stage, mature, growth capital and buyout investments.
Market Cap
EUR 220.4M
Pitch Price
EUR 15.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.01
P/E
-7.70
EV/Sales
-0.31
Sector
Electronic Equipment, Instruments and Components
Category
value
A Hidden Compounder in Germany’s Tech Heartland? Double-Digit FCF Yield, Two Moats, and Zero Hype? - Brockhaus Technologies AG
BKHT.DE: Small-cap holding company with 2 core businesses: Bikeleasing (51.96%, tax-advantaged B2B2C e-bike leasing platform with 92% margins) and IHSE (100%, secure KVM switching systems). Trades below Bikeleasing's implied valuation alone. Q4 weakness temporary. True FCF ~€20M+ after minorities. Bull: debt gone by 2025, Probonio SaaS upside. Risks: German tax benefits expire 2030, IHSE audit delay.
Read full article (44 min)