Added to YB: 2024-02-16
Pitch date: 2024-02-15
FTK.DE [bullish]
flatexDEGIRO SE
+163.29%
current return
Author Info
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Company Info
flatexDEGIRO SE, together with its subsidiaries, provides online brokerage and IT solutions for banking and securities in Europe.
Market Cap
EUR 2.8B
Pitch Price
EUR 9.72
Price Target
N/A
Dividend
1.16%
EV/EBITDA
N/A
P/E
14.05
EV/Sales
N/A
Sector
Capital Markets
Category
turnaround
Show full summary:
FlatexDEGIRO's Revival and Expansion in 2024
FTK.DE: Discount broker hit by compliance issues & low volumes, but 2024 outlook strong. Interest income jumped to €160M run rate. 22 trades/account/yr = €110M 2024 N.I. 8x EV/FCF at €1.05B cap w/ €130M excess capital. 14% user growth, cheap vs peers. Crypto, pensions, internalizer plans ahead.
Read full article (2 min)