Risk factor
Weak & very vulnerable to price shocks
Profitability factor
Strong growth
About
flatexDEGIRO AG is a European provider of online brokerage services and IT solutions for the finance and financial technology industries. The company operates through two primary divisions: Financial Services (FIN) and Technologies (TECH). The FIN segment offers a comprehensive suite of services, including online brokerage for individual consumers, white-label banking for businesses, electronic securities settlement, custody account administration, and a variety of other banking products. This segment also provides business process outsourcing, technical transaction processing, cash management, and securities-backed lending, in addition to engaging in treasury and investment activities. The TECH segment focuses on the development, production, distribution, and maintenance of software, hardware, and overall information technology infrastructure. It further provides a platform designed for banking operations, corporate payment products, and is responsible for developing and running the Limit Order System, which monitors limit orders from European brokers against price feeds from connected issuers. Founded in 1999 and based in Frankfurt am Main, Germany, the company was formerly known as flatex AG before rebranding to flatexDEGIRO AG in October 2020.
Company Valuation
Considering past and projected metrics, the stock is moderately 'expensive' compared to its peers. Specifically, the stock is 'expensive' on P/E, underpriced on P/FC.
Target Price
The average target price of FTK.DE is 45 and suggests 31% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increa