Ana­ly­sis of IPOs 2019 and elec­tro­mo­bi­li­ty stocks. Eva­lua­ti­on as of 21/08/2019

Every 14 days, we will inform you free of char­ge about the deve­lo­p­ment of new issu­es for the cur­rent year, sup­ple­men­ted by equi­ty ana­ly­ses on selec­ted topics. Today’s edi­ti­on is about the deve­lo­p­ment of share pri­ces in elec­tro­mo­bi­li­ty. The weak­ness of elec­tro­mo­bi­li­ty in Ger­ma­ny is reflec­ted in the deve­lo­p­ment of share pri­ces. The share pri­ces of all elec­tro­mo­bi­li­ty values are below the issue pri­ce.

None of the new issu­es in 2019 could hold abo­ve the issue pri­ce. The share pri­ce of the Glo­bal Fashion Group con­ti­nues to sli­de. Wit­hin six weeks of lis­ting, the stock has alrea­dy lost more than 26% in value. The stock has also per­for­med signi­fi­cant­ly worse than the over­all mar­ket. With extre­me­ly low tra­ding volu­mes, only Fre­quen­tis shares have so far per­for­med bet­ter than the over­all mar­ket. In view of the dif­fi­cult stock mar­ket envi­ron­ment and the asso­cia­ted extra­or­di­na­ry reluc­tance of inves­tors to issue new shares in the remai­ning three mon­ths, we assu­me that at most up to two com­pa­nies will be con­fi­dent of going public suc­cess­ful­ly.

Elec­tro­mo­bi­li­ty is often refer­red to as a mega­trend. In 2017 and 2018, new issu­es in Ger­ma­ny were inclu­ded in this sec­tor for the first time. Howe­ver, the­re were only three issu­ers. With the excep­ti­on of Aumann AG, AKASOL and Volta­box are rela­tively small com­pa­nies that ser­ve niches with bat­te­ry solu­ti­ons in the elec­tro­mo­bi­li­ty sec­tor.

Other Ger­man com­pa­nies lis­ted on the stock exchan­ge with a link to electric mobi­li­ty (exclu­ding manu­fac­tu­rers of electric vehi­cles) are:

  • EDAG Engi­nee­ring Group AG: Secu­ri­ty Solu­ti­ons for Elec­tro­mo­bi­li­ty
  • Manz AG: Plant buil­der for lithi­um-ion bat­te­ries

In addi­ti­on, the­re are other com­pa­nies, such as Mah­le AG, which is almost exclu­si­ve­ly owned by two major share­hol­ders or com­pa­nies such as IBU-tec advan­ced mate­ri­als AG, who­se bat­te­ry mate­ri­als busi­ness unit accounts for only a very small part of total sales.

In con­trast to the media pre­sence, elec­tro­mo­bi­li­ty in Ger­ma­ny still leads a shado­wy exis­tence in prac­ti­ce. The €4,000 fun­ding awar­ded by the federal government and manu­fac­tu­rers would have expi­red in June 2019 and was exten­ded until Decem­ber 2020. In the first half of 2019, just 31,059 new electric cars were regis­tered, inclu­ding fac­to­ry regis­tra­ti­ons. This cor­re­sponds to almost 1,7% of all new regis­tra­ti­ons. It is embarr­as­sing that the­re are also deli­very dif­fi­cul­ties with the few new regis­tra­ti­ons.
(Source: auto motor und sport, 09.07.2019, https://www.auto-motor-und-sport.de/verkehr/elektroauto-neuzulassungen-deutschland-juni-gesamtjahr-2019)

The weak­ness of elec­tro­mo­bi­li­ty in Ger­ma­ny is reflec­ted in the deve­lo­p­ment of share pri­ces. The share pri­ces of all elec­tro­mo­bi­li­ty values are below the issue pri­ce. For examp­le, Volta­box suf­fe­red a pri­ce loss of over 72% in the last 30 calen­der days with an extre­me vola­ti­li­ty of 227%. The initi­al Shoo­ting­star Aumann AG is also below the issue pri­ce by over 64%. All three new issu­es from the elec­tro­mo­bi­li­ty sec­tor have per­for­med worse than the over­all mar­ket.

More in our cur­rent short ana­ly­sis.…

Down­load the latest eva­lua­ti­on here

 

Don't hesitate to contact us:

We use reCAPTCHA v3 from Google to reduce spam through our forms. Please click the "Load Form" button to allow reCAPTCHA v3. Please note Google's privacy policy.

Load form

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