Scale Market Report: Continuing on a Record Path

The Scale Index is approaching its all-time high again, and 2G Energy and Ökoworld have also performed very well recently. However, some companies are also suffering from supply bottlenecks, such as mic AG. This time, the three questions go to mic CEO Andreas Empl.

November 15, 2021 FRANKFURT (Frankfurt Stock Exchange). Anyone looking for clear winners in the energy transition will quickly come across 2G Energy, listed in the Scale segment. "Six shares to fight climate change" wrote Börse Online, for example, a week ago, naming the manufacturer of decentralized energy supply systems as one of them. For Handelsblatt, 2G Energy is one of the "climate pioneers of the German economy". Within just two months, the share price has risen from 88 to 126.40 euros, a new all-time high. Currently, it is hardly less at 123 euros. Trigger for the recent increase: a thick plus of orders in the third quarter.

The eco-fund provider Ökoworld (DE0005408686), also listed in the Scale segment, is also one of the winners. At the beginning of November, the fund company broke a new record: assets under management climbed above the 4 billion euro mark. The share currently costs 111 euros, compared with only 41 euros at the beginning of the year.

Ernst Russ: Share price increases six-fold in one year

Ökoworld continues to belong to the group of scale shares with the best performance over a twelve-month period. At the top of the list remains Ernst Russ AG (DE000A161077) with a price increase of six times since November 2020 - driven by the good conditions on the international shipping markets. It is followed by the investment company Media and Games Invest (<MT0000580101>) and then Ökoworld. In third to sixth place are fintech The Naga Group (DE000A161NR7), Deutsche Rohstoff AG (DE000A0XYG76) and battery component manufacturer IBU-tec advanced materials (DE000A0XYHT5).

The many well-performing stocks continue to pull the index up: On Monday morning, the Scale All Share is at 1,949 points, not far from the all-time high of 1,969 points reached in September. The Scale 30 selection index is lagging somewhat behind: the index currently stands at 1,705 points, well below its September record of 1,835 points.

Naga still expected to do much more

Hamburg-based fintech The Naga Group reported a week ago that its third-quarter revenue rose from €7 million to €18 million, setting a new record. Operating profit had more than doubled from €2 million to €4.5 million. Especially in the crypto division, trading had grown strongly. Currently, the share costs 8.55 euros, in November 2020 it was only 2.66 euros.

Analysts see even more potential: for example, SMC Research raised the price target significantly from 8 to 11.70 euros after the announcement of the quarterly figures and confirmed the buy recommendation. With the strong figures, Naga has even exceeded the momentum of the first half of the year, they say, and the company's growth initiatives are taking effect. GBC also recommends the shares and gives a price target of 11.70 euros, Naga has been able to continue the "impressive growth course" in 2021. At Hauck & Aufhäuser, the price target is even 15 euros, the outlook confirms the overall positive picture.

mic with "positive growth prospects".

According to SMC Research, the general conditions for mic subsidiary Pyramid Computer are currently quite challenging. Like many other companies, the manufacturer of self-service terminals is struggling with bottlenecks in the supply of materials. However, it is positive that mic AG still considers its sales and profit forecast to be achievable. On the sales side, Pyramid is developing very positively in any case, explains SMC Research, with the next major development leap being the acquisition of faytech AG. The analysts continue to see positive growth and margin increase prospects for the group - with or without faytech -, name a price target of 5.40 (currently 2.54) after 6 euros so far and rate the share as "Buy" (see interview).

New entry Veganz, Mutares moves up

Incidentally, with the IPO of Veganz (DE000A3E5ED2), a new member joined the Scale segment at the beginning of November. The Berlin-based manufacturer of vegan foods started trading slightly below the issue price of 87 euros, but the share now costs just under 95 euros. Meanwhile, the investment company Mutares has left the Scale segment. The shares have been listed in the Prime Standard segment of the Frankfurt Stock Exchange since October 20.