Report
Cosmin Filker ...
  • Marcel Goldmann
  • Matthias Greiffenberger

GBC Best of m:access 2022 - 10.11.22

Im herausfordernden Marktumfeld legt die GBC-Selektion um 8,7 % zu; wieder vielversprechende Unternehmen in der neuen Auswahl

Liebe Investoren,

mit der diesjährigen Neuauflage der GBC Best of m:access-Studie präsentieren wir Ihnen 15 Unternehmen des Münchner Qualitäts-Börsensegments, die gemäß unserem Bewertungsansatz eine besonders attraktive Bewertung aufweisen. Mit Blick auf die vergangenen Best of m:access-Studien zeigt sich, dass wir mit unserer wechselnden Auswahl bislang richtig lagen. Im Zeitraum 02.11.2020 – 31.10.2022, was gleichzusetzen ist mit dem Zeitraum seit dem Erscheinen unserer letzten GBC Best of m:access-Studie, weisen die Werte unserer damaligen Selektion im Durchschnitt ein Kursplus von 8,7 % auf. Im Vergleich dazu weist der DAX mit 12,4 % eine zwar leicht bessere Performance auf, der SDAX (-4,8 %) und der m:access-All Share Index (-35,7 %) weisen aber sogar eine deutlich negative Index-Performance vor.

Im Rahmen dieser Studie präsentieren wir Ihnen eine in Teilen neu zusammengesetzte „GBC Best of m:access“ - Auswahl, die weiterhin 15 Unternehmen umfasst. Bei unserer Auswahl von im m:access gelisteten Unternehmen können wir jährlich aus einer größeren Grundgesamtheit auswählen, was dem Erfolg des Münchner Börsensegments zu verdanken ist. Gegenüber unserer letzten Studie (Veröffentlichungsdatum: 05.11.2020) wurden 10 Unternehmen im m:access neu aufgenommen. Derzeit sind 67 Unternehmen im Münchner Börsensegment gelistet.

In der „GBC Best of m:access 2022“ sind Einschätzungen zu folgenden Unternehmen enthalten:

ABO Wind AG (ISIN: DE0005760029)

audius SE (ISIN: NL0006129074)

Baader Bank AG (ISIN: DE0005088108)

BHB Brauholding Bayern-Mitte AG (ISIN: DE000A1CRQD6)

Bio-Gate AG (ISIN: DE000BGAG981)

EQS Group AG (ISIN: DE0005494165)

International School Augsburg -ISA- gAG (ISIN: DE000A2AA1Q5)

Mensch und Maschine SE (ISIN: DE0006580806)

SBF AG (ISIN: DE000A2AAE22)

SECANDA AG (ISIN: DE000A0JC0V8)

SMT Scharf AG (ISIN: DE000A3DRAE2)

Solutiance AG (ISIN: DE000A30U9E2)

UmweltBank AG (ISIN: DE0005570808)

UniDevice AG (ISIN: DE000A11QLU3)

Wolftank-Adisa Holding AG (ISIN: AT0000A25NJ6)

 

Wir wünschen Ihnen erfolgreiche Investments,

Cosmin Filker

Stellv. Chefanalyst

Underlyings
ABO Wind AG

Baader Bank AG

Baader Bank is a securities trading bank. In market making, Co. provides its customers services for pricing, trading and settlement of financial instruments on the global capital markets. In investment banking, Co. concentrates in German, Austrian and Swiss equities. Co. provides institutional investors trading and distribution unit for equities, bonds, futures and options. Co. also advises medium-sized company's inequity and debt capital market transactions such as IPOs, corporate actions, bond issues and the structuring and placement of promissory notes.

BHB Brauholding Bayern-Mitte AG

BIO GATE AG

Bio-Gate AG is a Germany-based medical technology company. The Company employs silver technology to endow materials and products with antimicrobial properties, and specializes in plasmacoating, spray, additives and textile solutions, among others. It produces medical technology products, as well as technologies to refine cosmetics, consumer goods and industrial products. Its products are applied in the area of implants, skin care, cosmetics, orthopedics, industrial applications, consumer goods, would care, textiles and dental products. The Company incorporates silver particles into cosmetics, paints, veneers or plastics, or involves coating of final products, such as implants or wound dressings, with a silver-containing functional layer.

EQS Group AG

EQS Group AG, formerly known as EquityStory AG, is a Germany-based provider of regulatory technology (RegTech) in the fields of corporate compliance and investor relations. The Company's activities are divided into two operating segments: Compliance and Investor Relations. The Compliance segment comprises all products required for companies to fulfill their legal and regulatory obligations, including reporting obligations in the news segment (disclosure), submissions to the Federal Gazette (filing), and new products, such as Insider Manager, Integrity Line, LEI, and ARIVA Workflows. The and Investor Relations segment encompasses products for the areas of financial and corporate communications, including news, websites portals, webcasts and media. In addition, its products are pooled in the cloud-based software EQS COCKPIT. The Company's clients are small and medium-sized enterprises (SME), as well as corporate customers. It provides services worldwide.

International School Augsburg ISA gmnzAG

Mensch und Maschine Software SE

Mensch und Maschine Software is a global enterprise based in Germany. Its business activities are concentrated in the fields of CAD and CAM (Computer Aided Design & Manufacturing) solutions, which it divides into four industry segments: Mechanical engineering solutions segment (about 50% of Co.'s business); Construction industry and building services segment (approximately 25% of Co's activities); Gardening and landscaping segment (about 15% of Co.'s business); and the Electrical engineering segment (about 10% of Co.'s business). In addition, Co. divides its business operations into three sections: Distribution,VAR Business and Software.

Progeo Holding AG

Progeo Holding is a holding company. Through its subsidiaries, Co. is engaged in the manufacture of electronic sensitive leek detection systems through sensors and automatic data recording. The applications are sealing systems in the area of building construction, underground engineering, civil and water engineering and environmental engineering. Co. also offers online monitoring of pipelines.

SBF AG

SBF AG. SBF AG, formerly Corona Equity Partner AG, is a Germany-based manufacturer of electrical equipment for railroad cars. The Company operates through its subsidiary SBF Spezialleuchten GmbH and produces ceiling systems, lighting solutions and ventilation solutions for the interior and exterior of railroad cars. The Company provides interior ceiling lighting systems, exterior halogen light-emitting diode (LED) combination lights, full LED headlights and LED modular systems for rolling stock, as well as air ducting systems, supplying ventilation systems with hot and cold air for the train interior. The Company provides planning, concept developing and manufacturing services. The Company operates as holing company.

SMT SCHARF AG

Umweltbank AG

UmweltBank AG is a Germany-based bank that provides financial services focusing on the ecological sector in Germany. The Bank offers online banking, loans, real estate credit, project financing, insurances, investment advice and investment management. It also co-finances various environment projects.

UniDevice AG

Wolftank-Adisa Holding AG

Provider
GBC AG
GBC AG

Die GBC AG mit Sitz in Augsburg ist eines der führenden bankenunabhängigen Investmenthäuser in Deutschland und erfahrener Emissionsexperte für den deutschen Mittelstand.

Die GBC AG kennt als eigentümergeführtes Unternehmen die Bedürfnisse des deutschen Mittelstandes im Finanzierungsbereich und ist ein unabhängiger und verlässlicher Partner bei allen Fragestellungen rund um den Kapitalmarkt.

In der GBC Gruppe bietet die GBC AG Unternehmensanalysen & Research, Kapitalmarkt- & Finanzierungsberatungen sowie Kapitalmarktkonferenzen.

Die GBC Kapital GmbH ergänzt die Leistungen in der Gruppe um das Corporate Finance in den Bereichen Platzierung & Vermittlung von Anleihen und Aktien

Analysts
Cosmin Filker

Marcel Goldmann

Matthias Greiffenberger

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