| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 63.34 | 282 |
| Intrinsic value (DCF) | 6.50 | -61 |
| Graham-Dodd Method | 4.95 | -70 |
| Graham Formula | 30.31 | 83 |
capsensixx AG (CPX.DE) is a Germany-based financial services company specializing in financial administration as a service. Founded in 2017 and headquartered in Frankfurt am Main, the company provides a range of services including fund management, administration, and accounting, as well as corporate and capital markets advisory services. capsensixx AG also offers director and management services tailored to corporate clients, positioning itself as a versatile player in the asset management sector. Operating within the broader financial services industry, the company serves institutional and corporate clients, leveraging its expertise in financial engineering and securitization. With a market capitalization of approximately €51.3 million, capsensixx AG is a niche but growing entity in the European financial services landscape, focusing on specialized financial solutions.
capsensixx AG presents a mixed investment profile. On the positive side, the company operates in a stable and essential sector (financial services) with a low beta (0.361), indicating lower volatility compared to the broader market. The company reported €126.95 million in revenue and €2.95 million in net income for FY 2023, with a diluted EPS of €0.96. It also maintains a solid cash position (€13.74 million) and pays a modest dividend (€0.35 per share). However, its small market cap and niche focus may limit scalability and expose it to competitive pressures. Investors should weigh its steady cash flow (€3.59 million operating cash flow) against its relatively modest growth prospects in a crowded asset management industry.
capsensixx AG competes in the financial administration and asset management space, where differentiation is often driven by specialized services and client relationships. The company's competitive advantage lies in its tailored financial engineering and securitization advisory services, which cater to corporate and institutional clients. Its relatively small size allows for agility and personalized service, but it lacks the scale and brand recognition of larger asset managers. The company’s focus on Germany and Europe provides regional expertise but may limit its ability to compete globally. While its low beta suggests stability, its revenue growth and market penetration remain constrained compared to industry leaders. capsensixx AG’s ability to maintain profitability (€2.95 million net income) in a competitive landscape is commendable, but long-term success will depend on expanding its service offerings and client base.