Category Archives: Bilanzanalyse

All German Shares – Part 9 (Nr. 101-125)

And another 25 stock batch with some very interesting companies. At some point in time I will release a table with all the stocks and a link to the respective posts.

Nr. 101: Baumot Group AG

36 mn market cap company that calls itself the “clean air” company. According to the company huge potential if hardware exhaust filtering for problematic Diesel cars would kick in which the company is manufacturing. However, currently the company is in deep trouble, sales tanking and huge losses. Several capital increases and debt equity swap. “pass”.

Nr. 102: BHS Tabletop AG – ISIN: DE0006102007

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All German shares part 8 (Nr. 76-100)

As I am making good progress, I included this time 25 stocks. The first 100 are done, another 700 or so to go 😉

Nr. 76: Uniwheels AG – ISIN DE000A13STW4

Uniwheels is a 800 mn EUR market cap car supplier. Interestingly the German company floated its shares in Poland in 2015. Their main products are  aluminium rims / wheels for cars.  In 2017, the founders of Uniwheels sold their majority to US based Superior. Maybe a squeeze out opportunity, but I know little on how this works in Poland. “Pass”

Nr 77: Foris AG

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Uber – Business model and “sum of parts” valuation attempt

Health and safety warning: This is not investment advice. Please do your own research !!!!!

Following my book review of “Super Pumped” a few days ago I felt motivated (or “pumped up”) to look a little bit into Uber as a stock.

Uber is interesting in my opinion for a couple of reasons:

  • They really disrupted the taxi market with their app and even managed to create a new verb “Ubering”.
  • They managed to earn a dominent market share in many countries in a short time
  • In the markets where they failed, they ended up with significant stakes in the leading players (Chine/Didi. Russia/Yandex, SE Asia Grab)
  • The stock is extremely controversial
  • the lock-up for old investors has just expired
  • the stock price has been tanking for some time now
  • the company is not easy to understand

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All German Shares part 7 (Nr. 60-75)

Upfront remark:

This time, I increased the number of shares per post to 15. I am making good progress with the underlying analysis so I guess it makes sense to speed up the series somewhat.

Nr. 60: Ludwig Beck AG

Barely profitable retailer with a 110 mn market cap. However “super prime” freehold property in my hometown Munich. The in 2015 acquired retail chain Wormland has been put in run off and led to significant losses in 2018 and 2019. “Pass”

Nr. 61: S&O Agrar AG – ISIN: DE0005236202

Another Biogas penny stock, “pass”

Nr. 62: Cybits AG – ISIN: DE0007240004

Bankrupt penny stock. “Pass”.

Nr. 63: Data Modul AG – ISIN: DE0005498901

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All German Shares – Part 6

ANother upfront remark: I publish these posts with some delays, so not all numbers are real time. Also in some cases some news will have been issued afterwards like with Nordex (see below). Sometimes I might miss that…..

Nr. 50: CD Deutsche Eigenheim AG – ISIN: DE000A168270

Struggling real estate developer with 3 mn market cap. “Pass”

Nr. 51: Nordex AG – ISIN: DE000A0D6554

900 mn market cap Windmill manufacturer. Unprofitable, structural issues. “pass”
Edit: 
I wrote this a few weeks ago. In the mean time the stock price has recovered a little bit as Spanish company Acciona increased their stake via a capital increase to > 30% and had to issue a fromal takeover offer:

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