Company Name: TeamViewer AG
Ticker: TMV.EU (Xetra)
Current Price: €44,5
Target Price: €53,5
Projected Yield: 20.20%
Time Line: 3 to 6 months
Risk: Above average
About TeamViewer AG
TeamViewer AG is a well-known German technology company that develops software for remote access to computers and devices. This allows IT and support departments to troubleshoot technology issues without being onsite. The company's solutions enable getting remote access to computers, smartphones, and other devices, as well as to such specialized equipment as industrial machines, servers, and so on. The product line includes TeamViewer, TeamViewer Tensor, TeamViewer Pilot, TeamViewer loT, TeamViewer Remote Management, servicecamp, and Bizz.
What's the Idea?
Capitalize on the stock that may rise with excellent results and high demand for the company's products and initiatives.
Buy TeamViewer AG Shares >>
Why Trade TeamViewer AG?
Reason 1: Impressive Results in Q2
The Q2 2020 earnings increased to €105.90 million, up 45% compared to the same period last year. Adjusted EBITDA increased to € 57.30 million, or 60% higher compared to the same period in 2019, while adjusted EBITDA margin was 54%, up from 49% in Q2 2019. With such sustainable financial performance, the company reduced its leverage faster than anticipated. This provides TeamViewer with additional flexibility to invest productively while also maintaining the above-market profitability.
Reason 2: Rising Numbers of Subscribers
TeamViewer subscriber base continues to grow, having reached 534,000 customers in the first six months of 2020, with only 368,000 customers a year ago.
An additional growth driver was the continued expansion of the enterprise segment. The number of customers with an annual contract value of at least €10,000 increased to 1,457 as of June 30, 2020, which is 181% more compared to the same period last year.
The active expansion of the global enterprise market led to an increase in the aggregate value of contracts for the 50 largest transactions to €6.30M, or 133% higher than by June 30, 2019.
As of June 30, 2020, TeamViewer software was installed on over 2.36 billion devices.
Reason 3: Acquisition of Ubimax and Significant Expansion of the Total Target Market
On July 15, 2020, TeamViewer announced the acquisition of Ubimax, to become a global leader in communication solutions and industrial technology for workplaces. The acquisition enables TeamViewer to expand its customer reach, while also expanding geographically and innovating in its products.
After purchasing Ubimax, TeamViewer will significantly expand its augmented reality and IoT offerings with industry-specific solutions for enterprise customers. Ubimax will accelerate the development of solutions for industrial workflows, with a focus on data analytics and artificial intelligence. The acquisition will lead to a significant increase in the overall TeamViewer target market: up to €40 billion in 2023.
Reason 4: TeamViewer Expands Remote Access Capabilities for Android
All smartphones running Android 7 and higher are now supported by TeamViewer. It is extremely important for the company's business customers to be able to freely select devices. In a private environment, various smartphones are used, and it is important for a company to offer support for all devices. The TeamViewer QuickSupport app for Android has been downloaded over 10 million times.
How to Use the Investment Idea
- Buy TeamViewer shares at €44.50.
- Allocate no more than 3% to 4% of your midterm transaction budget.
- Sell the stock when the price is €53.50 to €54.00 per share, which can be easily done in a couple of clicks with your member area.
How to Buy TeamViewer AG Shares?
If you don't have an investment account yet, open it now: this can be done online, in just 10 minutes. All you need to do is fill out a short form and verify your account.
After opening an account, you can buy shares in either of the following ways:
Freedom24 Web Platform: In the Web Terminal section, type TMV.EU (TeamViewer AG ticker on Xetra) in the search box, and select TeamViewer AG in the results. Open a secure session in the trading window on the right, select the number of shares you want to buy, and click Buy.
Freedom24 iPhone or Android App: Go to the Price screen and tab the search icon in the top right corner. In the search box that shows up, type TMV.EU (TeamViewer AG ticker on Xetra), and in the search results select TeamViewer AG. You will then see TeamViewer AG stock in the market watch; tap it and go to the Order tab in the dialog that shows up. Specify the number of shares you want to buy and click Buy.
Invest in TeamViewer AG stock: Don't miss an opportunity to capitalize on the company's explosive growth!
Buy TeamViewer AG Shares >>
*Additional information is available upon request. Investment in securities and other financial instruments always involves risks of capital loss. The Client should make himself aware at his own accord, including to familiarize himself with Risk Disclosure Notice. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Commissions, fees or other charges can diminish financial returns. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and do not constitute an investment advice service. The recipient of this report must make their own independent decisions regarding any securities or financial instruments mentioned herein. Information has been obtained from sources believed to be reliable by Freedom Finance Cyprus Ltd or its affiliates and/or subsidiaries (collectively Freedom Finance). Freedom Finance do not warrant its completeness or accuracy except with respect to any disclosures relative to the Freedom Finance and/or its affiliates and the analyst’s involvement with the issuer that is the subject of the research. All pricing is indicative as of the close of market for the securities discussed, unless otherwise stated.