| Valuation method | Value, CHF | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | n/a | n/a |
| Intrinsic value (DCF) | n/a | |
| Graham-Dodd Method | 26.00 | -90 |
| Graham Formula | 106.20 | -58 |
Hypoport SE is a leading technology-based financial service provider headquartered in Lübeck, Germany. Operating through four key segments—Credit Platform, Private Clients, Real Estate Platform, and Insurance Platform—Hypoport specializes in digital financial solutions, including mortgage finance, personal loans, insurance, and deposit accounts. The company's flagship EUROPACE marketplace serves as a critical B2B platform for independent distributors to process financing transactions efficiently. Hypoport also offers advanced software solutions like PRoMMiSe for loan portfolio analysis and SMART INSUR for insurance policy management, catering to banks, housing companies, and SMEs. With a strong focus on digital transformation in financial services, Hypoport leverages its proprietary technology to streamline operations for financial intermediaries. The company's diversified revenue streams and robust SaaS offerings position it as a key player in Germany's fintech and financial services sector, combining innovation with regulatory expertise.
Hypoport SE presents a high-risk, high-reward investment opportunity, underscored by its beta of 1.884, indicating significant volatility relative to the market. The company operates in the competitive fintech space, with a market cap of ~€1.31B and modest net income of €12.4M (2024). Its technology-driven platforms (e.g., EUROPACE) provide scalability, but reliance on the German financial market and regulatory environment poses concentration risks. Positive operating cash flow (€40.2M) and a debt-to-equity ratio of ~14% suggest manageable leverage, though growth depends on continued digital adoption in financial services. The lack of dividends may deter income-focused investors, but Hypoport’s niche in B2B financial infrastructure could appeal to those bullish on fintech disruption.
Hypoport’s competitive advantage lies in its integrated platform ecosystem, which connects distributors, lenders, and insurers through EUROPACE and SMART INSUR. This network effect creates stickiness among B2B clients, though it faces competition from both traditional financial institutions and agile fintechs. The company’s focus on Germany provides deep local market expertise but limits geographic diversification. Its SaaS offerings (e.g., PRoMMiSe) differentiate it from pure-play marketplaces, though scalability outside DACH remains untested. Hypoport’s real-time data capabilities and regulatory compliance infrastructure are strengths, but competitors with broader European footprints (e.g., Finanzcheck.de) may outperform in cross-border services. The capital-intensive nature of platform development and reliance on mortgage/insurance cycles are key vulnerabilities.