Original-Research: All for One Group SE - von BankM AG
Einstufung von BankM AG zu All for One Group SE
Unternehmen: All for One Group SE
ISIN: DE0005110001
Anlass der Studie: GB 2020/21, vorläufig - Kurzanalyse
Empfehlung: Kaufen
seit: 18.11.2021
Kursziel: EUR 86,00
Kursziel auf Sicht von: 12 Monate
Letzte Ratingänderung: 24.5.2017, vormals Halten
Analyst: Daniel Grossjohann
2020/21 in line with expectations - sales leap in 2021/22 through acquisitions and organic growth
The preliminary figures of the All for One Group [ISIN DE0005110001, Prime Standard, A1OS GY; revenue: €372.9 mln (+5%); EBIT €20.6 mln (+7%)] were in line with the guidance raised in August 2021 and met our expectations. The company also provided an outlook for 2021/2022 for the first time, which takes into account the acquisitions of SNP Poland and ASC Group (Switzerland) that took place on Oct 1st, 2021. 2021/22 revenue is expected to be between €430 mln and €450 mln, driven by inorganic and organic growth. EBIT is expected to be in the range of €24 mln to €26 mln, which would contribute to margin expansion. In view of the upcoming migration wave to SAP S/4HANA, the All for One Group is excellently positioned with the Conversion/4 offering. The share continues to be attractively valued with a 2021/22 EV/EBIT of 13.1.
Our price target for the All for One Group share, equally based on DCF valuation and peer group analysis, is €86.00. We reiterate our “Buy” rating.
Die vollständige Analyse können Sie hier downloaden:
http://www.more-ir.de/d/23104.pdf
Die Analyse oder weiterführende Informationen zu dieser können Sie hier downloaden
http://www.bankm.de/webdyn/141_cs_Research%20Reports%20Disclaimer.html.
Kontakt für Rückfragen
BankM AG
Daniel Grossjohann
Mainzer Landstrasse 61, 60329 Frankfurt
Tel. +49 69 71 91 838-42
Fax +49 69 71 91 838-50
Email: daniel.grossjohann@bankm.de
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