Sphene Capital launches research coverage of NCTE AG – strengthening capital market visibility

Sphene Capital GmbH has initiated research coverage of NCTE AG (ISIN: DE000A0LEZB2) and published its first comprehensive analysis of the Company. Sphene Capital starts its coverage with a Buy rating and a EUR 2.50 price target per share; Sphene Capital classifies the risk as high. Going forward, Sphene Capital intends to provide regular research updates on NCTE AG’s business development, market environment and financial outlook.

Comprehensive research model with regular updates

The coverage comprises an in-depth initiation report as well as ongoing updates following relevant company announcements and future financial reports. The analyses include, among other elements:

  • a clearly structured equity story,
  • a detailed analysis of market, competition and value creation,
  • integrated financial modelling including income statement, balance sheet and cash flow forecasts, and
  • a multi-step company valuation applying common valuation methods (incl. DCF and multiples).

This provides investors with an additional external perspective on NCTE AG’s technology, market positioning and growth opportunities.

Broad distribution to institutional investors and financial media

The research reports are distributed via established financial information services such as EQS, Bloomberg, Refinitiv, FactSet, S&P Capital IQ and ResearchPool. They therefore reach:

  • institutional investors and asset managers,
  • financial and business media, and
  • other capital market audiences across Europe.

This supports transparency and further increases the visibility of NCTE AG in the capital markets.

Quote from Sebastian Müller, CEO of NCTE AG

“The professional research coverage by Sphene Capital helps to provide even clearer context for our technological direction, our strategy and our development. It offers additional orientation for existing and potential investors and supports us in building trust on our path towards stabilisation and revenue growth.”

Initiation report now available

The full research report is available here (in German):
https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&u=c5257d76ffdbd97a61c658f88ecb45ac

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