First Berlin Equity Research Initiates Coverage on The Platform Group AG

On November 5, 2024, First Berlin Equity Research began its coverage of The Platform Group AG (ISIN: DE000A2QEFA1), assigning a "Buy" recommendation with a target price of EUR 16.00. Analyst Alexander Rihane highlights the company's effective management of over 25 e-commerce platforms, noting its success in both developing and acquiring platforms. The company's proprietary software and retail expertise enable it to control the entire e-commerce value chain, offering a compelling proposition for merchants.

The report anticipates significant potential for organic growth, given TPG’s current low market share. Further acquisitions appear promising due to attractive pricing below TPG's valuation. The company's solid financial standing and robust cash flow enhance its attractiveness as an investment, with a valuation seen as significantly undervalued by the DCF model.