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Original-Research: Advanced Blockchain AG - von GBC AG

Einstufung von GBC AG zu Advanced Blockchain AG

Unternehmen: Advanced Blockchain AG

ISIN: DE000A0M93V6

Anlass der Studie: Research Comment

Empfehlung: Buy

Kursziel: 11.00 EUR

Kursziel auf Sicht von: 31.12.2024

Letzte Ratingänderung:

Analyst: Matthias Greiffenberger, Julien Desrosiers

Expected increase in profitability

 

Advanced Blockchain AG was recently presented at the Eigenkapitalforum by

CEO Simon Telian and Sebastian Markowsky, which met with considerable

interest from investors. Initial plans for 2024 have been communicated.

Assuming that the current very positive trend in the crypto market

continues, the management is planning strategic divestments of token

generation events in the amount of around EUR 2.5 million. These events could

take place, for example, with LAYR from Composable or Krest from peaq.

These token generation events are expected to have a recurring character

and thus increase the company's predictability, which could enable

sustainable positive results. In addition, the focus remains on closing

further OTC deals, which could amount to around EUR 2 million. With these

planned transactions, we forecast that revenue will increase to around EUR 5

million in total in 2024.

 

Advanced Blockchain AG has rethought its business model in light of the

rise in interest rates and the changed market situation. The focus is now

increasingly on recurring income, particularly through data-based solutions

that the company is currently developing and which could make a significant

contribution in the future. The focus for new incubations continues to be

on resource-efficient deployment. Management is also concentrating on

developing strategic partnerships, particularly in the core markets of

Switzerland, Dubai and Tokyo, and on building up highly qualified staff. We

expect a noticeable increase in net income, especially after the

implementation of a cost-cutting program in the current financial year

2023. We therefore assume that net income in 2024 will probably be around EUR

1 million. Furthermore, given the extremely positive market environment and

business development, this year's result may already exceed market

expectations.

 

The crypto markets are currently experiencing a significant upward

movement, with Bitcoin breaking through the USD 43,000 threshold and now

having a market capitalization of over USD 900 billion. Binance's recent

settlement with the US Department of Justice has influenced market

momentum. The growing anticipation of a Bitcoin ETF approval continues to

drive this momentum and significant capital inflows are expected to drive

prices higher in the cryptocurrency market.

 

Furthermore, important milestones were reached in the investments of

Advanced Blockchain AG: Panoptic recently raised USD 11.5 million in a seed

financing led by Greenfield Capital, resulting in a valuation of more than

USD 30 million. peaq recorded a successful launch of the first Wicrypt

hotspots on the Krest network. The Krest token price has seen a steady

increase since August, contributing a significant seven-figure amount to

the group's portfolio.

 

In addition, the company is now also represented in Dubai and will

participate in the upcoming Global Blockchain Congress on December 11 and

12. CEO Simon Telian is currently in Tokyo to explore potential

collaborations with the Japanese government. A white paper from the

Japanese government proposes crypto-friendly measures. These include

recommendations for tax changes, accelerated token valuations, regulation

of stablecoins and support for legal frameworks for NFTs. The document

proposes the creation of a Web3 minister, the introduction of crypto visas

and the expansion of startup visas.

 

We confirm our current valuation of EUR 11.00 per share and continue to

assign a Buy rating due to the considerable upside potential.

Die vollständige Analyse können Sie hier downloaden:

http://www.more-ir.de/d/28523.pdf

Kontakt für Rückfragen

GBC AG

Halderstraße 27

86150 Augsburg

0821 / 241133 0

research@gbc-ag.de

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Offenlegung möglicher Interessenskonflikte nach § 85 WpHG und Art. 20 MAR Beim oben analysierten Unternehmen ist folgender möglicher Interessenkonflikt gegeben: (5a,11); Einen Katalog möglicher Interessenkonflikte finden Sie unter:

http://www.gbc-ag.de/de/Offenlegung

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Date (time) of completion: 11.12.2023 (10:50)

Date (time) of first publication: 11.12.2023 (12:00)

-------------------übermittelt durch die EQS Group AG.-------------------

Für den Inhalt der Mitteilung bzw. Research ist alleine der Herausgeber bzw.

Ersteller der Studie verantwortlich. Diese Meldung ist keine Anlageberatung

oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.

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