3Yr·

Hello dear friends of capital increase 😁

Have any of you ever dealt with the Oekoworld share?

I am fascinated by the fact that the net capital inflows to the funds are increasing sharply year by year:

2018 156mio

2019 264mio

2020 500mio

2020 1176mio

Since I assume that savings plans will continue to be executed, I consider Oekoworld AG to be a stock with enormous potential. The assets under management increase both through continuous capital inflows and through rising prices when a bull market occurs again.

From a fundamental point of view, I also think the company is very fairly valued with a market capitalization of currently <250 million.

If you are not directly interested in the stock, you might want to take a look at the Oekoworld growing Markets 2.0 fund. This is predominantly invested in emerging markets and may even replace an emerging markets etf. In my opinion, everything is in line with the times!

What do you think about this investment case? Feel free to comment 😁

4 Comments

Sir L.@usereed68dfa11e44632

1Yr

I have been a shareholder for a long time - they are preferred shares. Dividend is reliable. Even eligible for a savings plan with traderepublic. However, I am surprised by the poor performance of the fundamental data. I think this is due to poor coverage

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aktienquark@aktienquark

1Yr

@usereed68dfa11e44632 The share could run at least sideways for the next few months. Just ran too hot during 2020-2021.

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Sir L.@usereed68dfa11e44632

1Yr

Declining profits from 21-23 but this is set to change according to the forecast 5.70 per share in 2026; the net margin has fallen from 61.88% to 34.03% - this explains the fall in the share price. In 2025 this should be 41%. That is ok for this value. The company is debt-free (would be bad if not). The fair value is 41.05 after dividends.

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Sir L.@usereed68dfa11e44632

1Yr

What would be interesting are the wage costs, which were at 22 million and are now at 10 million. They have slimmed down considerably - but with 60 employees that is still quite a lot. But this is probably also due to the external expertise for the fund structures. Conclusion: It could be that the products with front-end loads of 5% and a TER of 2.30 are no longer up to date and that an MSCI sells better. The performance at least does not justify the high prices. Here the MSCI performed better than the fund. I think this will lead to outflows of funds, which could become a problem in the long term.

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