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sur Rubean AG (isin : DE0005120802)

NuWays AG Recommends "BUY" for Rubean AG

On September 17, 2024, NuWays AG updated its recommendation for Rubean AG, advising a "BUY" with a target price of EUR 8.50. Analyst Frederik Jarchow highlighted several aspects favoring the company's position.

Rubean AG leads in Germany and Spain with 50,000 terminals currently live. Their clients span various sectors, including logistics, retail, hospitality, and banking. Recent customer acquisitions indicate strong future sales prospects.

Negotiations are ongoing with potential clients across Europe, LATAM, and the US, further suggesting likely major customer wins in the coming months.

The European Mobile POS Market is growing at a 15% CAGR for 2024-28. Rubean aims to grow sales in FY24 to €2.2-2.5m and achieve profitability by FY25. Their mid-term vision includes €10+m in sales by FY27.

To finance growth, Rubean seeks strategic investors to purchase 1.22m new shares at €6.00 per share. NuWays maintains a target price of €8.50 based on DCF analysis.

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