Wirecard is engaged in the business of global payment processing, risk management and payment acceptance, as well as card issuing. Co. operates in three segments: Payment Processing & Risk Management, which comprises of products and service for the acceptance or implementation and the downstream processing of electronic payments and the associated processes; Acquiring & Issuing, which includes acceptance (acquiring) and issuing credit cards and prepaid cards, as well as account and payment transaction services; and Call Center & Communication Services, which comprises all of the products and services that address the call centre assisted support of corporate and private customers.
  • Ticker747206
  • ISINDE0007472060
  • SectorSupport Services
  • CountryGermany

Analysts

Matthieu Lavillunière ...
  • Maxime Dubreil

INVEST SECURITIES - Wirecard : Valorisation excessive malgré le momentum CT - VENTE vs NEUTRE, OC 145€ vs 123€

Entré dans le DAX jeudi dernier, Wirecard a connu une nouvelle accélération boursière depuis l'IPO d'Adyen (+46%), portant la valorisation à des niveaux historiques (PE 2018-20e de 61x-44x-34x). Le relèvement des guidances 2020 mi-août traduit un environnement toujours aussi porteur. Si nous n'avons pas d'inquiétude à CT (cf. BNA 2018-20e révisés de +1,1%/+1,8%/+8,4%), nos craintes quant à une accentuation des pressions sur les commissions à MT/LT ne nous rendent pas confortables avec les niveaux de valorisation actuels, notre DCF ne justifiant que 145€ (vs 123€ préc). Notre opinion est donc d...

Richard-Maxime Beaudoux

Wirecard: Wirecard takes Commerzbank’s place in the DAX index

Brief Comment - Wirecard: (BUY, Fair Value EUR220 vs. EUR181 (+21%)) Wirecard takes Commerzbank’s place in the DAX index

Richard-Maxime Beaudoux

Wirecard: Strong preliminary H1 earnings and FY 2018 EBITDA guidance confirmed

Brief Comment - Wirecard: (BUY, Fair Value EUR176 vs. EUR125 (+10%)) Strong preliminary H1 earnings and FY 2018 EBITDA guidance confirmed

Richard-Maxime Beaudoux

Wirecard: Strong preliminary H1 earnings and FY 2018 EBITDA guidance confirmed (

Brief Comment - Wirecard: (BUY, Fair Value EUR176 vs. EUR125 (+10%)) Strong preliminary H1 earnings and FY 2018 EBITDA guidance confirmed

Expert Corporate Governance Service (ECGS)

proxy report 21/06/2018

Item 4: In financial year 2017, the Supervisory Board resolved to revise the Management Board members' remuneration system. The main changes, which apply from financial year 2018 onwards, relate inter alia to the inclusion of additionalperformance criteria for the both the annual bonus and the long-term incentive (LTI). We raise our concerns over the fact that the revised remuneration system for the Management Board has not been put to shareholder approval at this year's AGM. In line with our guidelines we would in principle recommend opposing the discharge of the Chairman of the Supervisory B...

Matthieu Lavillunière ...
  • Maxime Dubreil

INVEST SECURITIES - Wirecard : Valorisation excessive malgré le momentum CT - VENTE vs NEUTRE, OC 145€ vs 123€

Entré dans le DAX jeudi dernier, Wirecard a connu une nouvelle accélération boursière depuis l'IPO d'Adyen (+46%), portant la valorisation à des niveaux historiques (PE 2018-20e de 61x-44x-34x). Le relèvement des guidances 2020 mi-août traduit un environnement toujours aussi porteur. Si nous n'avons pas d'inquiétude à CT (cf. BNA 2018-20e révisés de +1,1%/+1,8%/+8,4%), nos craintes quant à une accentuation des pressions sur les commissions à MT/LT ne nous rendent pas confortables avec les niveaux de valorisation actuels, notre DCF ne justifiant que 145€ (vs 123€ préc). Notre opinion est donc d...

Richard-Maxime Beaudoux

Wirecard: Wirecard takes Commerzbank’s place in the DAX index

Brief Comment - Wirecard: (BUY, Fair Value EUR220 vs. EUR181 (+21%)) Wirecard takes Commerzbank’s place in the DAX index

Richard-Maxime Beaudoux

Wirecard: Strong preliminary H1 earnings and FY 2018 EBITDA guidance confirmed

Brief Comment - Wirecard: (BUY, Fair Value EUR176 vs. EUR125 (+10%)) Strong preliminary H1 earnings and FY 2018 EBITDA guidance confirmed

Richard-Maxime Beaudoux

Wirecard: Strong preliminary H1 earnings and FY 2018 EBITDA guidance confirmed (

Brief Comment - Wirecard: (BUY, Fair Value EUR176 vs. EUR125 (+10%)) Strong preliminary H1 earnings and FY 2018 EBITDA guidance confirmed

Matthieu Lavillunière ...
  • Maxime Dubreil

INVEST SECURITIES - Sectorielle paiement : Seul Worldline trouve grâce à nos yeux

L'univers coté du paiement en Europe s'est sensiblement réduit en 1 an, après les OPA sur Worldpay, Nets et Paysafe (et celle en cours sur Gemalto). Le secteur a par ailleurs bénéficié d'un rerating massif des acteurs des services de paiement. Alors que les dynamiques organiques restent inchangées, nous avons du mal à nous montrer aussi optimiste que l'année dernière, sachant que le catalyseur du M&A devrait s'essouffler à CT. Nous sommes donc uniquement à l'ACHAT sur Worldline (OC 56€ vs 54€) pour lequel la thèse d'investissement a radicalement changé depuis le rachat de SIX. Nous sommes à NE...

A director bought 25,000 shares at 90.517EUR and

A director at Wire Card AG bought 25,000 shares at 90.517EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of boar...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

proxy report 21/06/2018

Item 4: In financial year 2017, the Supervisory Board resolved to revise the Management Board members' remuneration system. The main changes, which apply from financial year 2018 onwards, relate inter alia to the inclusion of additionalperformance criteria for the both the annual bonus and the long-term incentive (LTI). We raise our concerns over the fact that the revised remuneration system for the Management Board has not been put to shareholder approval at this year's AGM. In line with our guidelines we would in principle recommend opposing the discharge of the Chairman of the Supervisory B...

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