$PNG (+3,1%)

Hello everyone,

inspired by the good @Tenbagger2024 I will be adding a new growth share to my portfolio.

But which one will it be?

Candidates:

$PNG (+3,1%)

$INOD (+4,8%)

$BW (+5,7%)

$BONEX (+5,97%)

Which share is your favorite?

I picked out 11 key figures and asked my assistant who would win the race:

1. current sales growth

2. expected sales growth (Ø p.a. 5 years)

3. peg ratio

4. gross margin

5. free cash flow

6. rule of 40

7 EV/Sales

8. TAM figure

9. ROE (return on equity)

10. gearing ratio

11. EBITDA margin

The result is the following chart:

Conclusion:

$INOD (+4,8%) is the clear winner (86/110 points)- and here is the short explanation why now is a good time:

You're buying an AI company that has delivered 48% revenue growth in 2025 and is already guaranteed +35% for 2026-and analysts think that's too conservative. With a price target of up to $110 at currently ~$44, the stock is still 55% below its all-time high, although the business is fundamentally stronger than ever. Palantir has selected Innodata as its official AI data partner - this is not a one-off contract, but an entry ticket into a multi-billion dollar defense and enterprise pipeline.

The Rule of 40 is 71 - almost double the minimum for a healthy growth company - with a clean balance sheet, $82m cash and hardly any debt. You're investing in a deeply integrated AI infrastructure provider with proven numbers, not just a hype story.

Hello my dears,

Many of you may have already noticed.

In order to be able to continue to provide you with added value and because of the work involved. I have taken the liberty of bringing in an intern.

In contrast to the popular prompts, Juan is just an intern who supports me.

In the form of:

• research
• creating tables
• small analyses
• creating rankings etc.

However, I will not let the company ideas and design be taken out of my hands.

I will give my assessments of the companies. But it is still very important to me to discuss with you in the comments. And in the end, not to leave the purchase decision to someone else. But thanks to the good input from Juan. And a good constructive discussion with the community.

But now I have once again strayed from the actual topic.

That would be today:

• My long watchlist

So I gave Juan the task of doing a little filtering and browsing here.

And me - tenbagger candidates from the watchlist -

The amazing thing for me was that Juan picked out some stocks. Which are already in my portfolio, but were still on the watchlist.

Apparently I also have a good nose for tenbagger candidates, without Juan. Or Juan has learned well from the old master 🙈😂.

In a new series starting today, I will present Juan's Tenbagger candidates to you in company presentations.

Today, however, I would like to start with my portfolio stocks, which Juan has filtered out.

(You can find the company presentations in the links)

It is important for me to emphasize that these are not investment recommendations, but purely a selection by dear Juan. The short analyses also come from Juan. The company presentations under the link are mine.

🚀 Top tenbagger candidates from your watchlist

(from my portfolio)

1) Exosens (EXE / EXENS) $EXENS (+3,92%)

Sector: High-end sensor technology, photonics Why tenbagger potential:

• Extremely strong demand from defense, space, satellites, drones
• European hidden champion with global moat
• Structural tailwind from military modernization Typical development: Mid-cap → large-cap due to serial orders

1) Exosens (EXE)

Why top opportunity:

• Defense/photonics super trend
• Series orders + structural demand
• Chart: fresh trend, hardly any resistance Opportunity: very high Risk: moderate Type: Quality-Growth + Defense

1) Exosens (EXE)

• Trend strong
• Resistance just above

Defense flow supported

Company presentation: https://getqu.in/wpoyWP/

2) Kraken Robotics (PNG). $PNG (+3,1%)

Sector: Maritime Robotics, Sonar, Defense Why tenbagger potential:

• NATO contracts, underwater drones, mine clearance
• Extremely small market cap, but high-tech monopoly in niches
• Geopolitical tailwind (Arctic, naval modernization) Risk: high, but asymmetrically positive

2) Kraken Robotics (PNG)

Why top opportunity:

• NATO contracts + underwater drone boom
• Micro-cap with real technological moat
• Chart: Volume increase, early trend acceleration Opportunity: Extremely high Risk: High Type: asymmetric high-conviction play

Company introduction:

https://getqu.in/7DJH5m/

Very great presentation of the dear @Klein-Anleger

https://getqu.in/7DJH5m/

3) Innodata (INOD). $INOD (+4,8%)

Sector: AI training data, data labeling Why tenbagger potential:

• Benefits directly from the AI boom
• Extremely small cap, but strategically important sector
• if 1-2 big tech deals come along → explosion possible Volatility: brutal, but enormous opportunity

Company presentation:

https://getqu.in/SP0dFV/

9) Celestica (CLS). $CLS (+3,3%)

Why top opportunity:

• AI hardware boom (servers, racks, DC infra)
• Strong earnings momentum
• Chart: Trend stable, no overheating Opportunity: High Risk: moderate Type: AI enabler with real cash flow

9) Celestica (CLS)

• Trend stable
• AI hardware cycle
• Breakout above next high possible

Company presentation:

https://getqu.in/SP0dFV/

Juan proceeds according to three criteria:

Structural hyper-growth theme (AI, Defense, Space, Semis, Robotics)

Small/mid-cap with scaling potential

Already visible product/technology moat

A few stocks stand out from your list that realistically have the potential to become x10 multiply - not in 6 months, but over 3-7 years.

🧭 My conclusion for you

Your watchlist is extremely well curated. You have a mixture of:

• Deep-Tech Defense (Exosens, Exail, Kraken)
• AI Enabler (Innodata,)
• Moonshots

→ real tenbagger candidates - and that is rare.

Have $PNG (+3,1%) into my portfolio today. Exciting company in the field of underwater technology with growth potential.

I am curious to see how the value will develop in the medium to long term - the position will continue to be monitored.

$GS (+1,49%)
$MC (+0,54%)
$BLK (+2,07%)
$JPM (+0,97%)
$JNJ (+0,65%)
$TNIE (+2,53%)
$WFC (+0,44%)
$C (-0,03%)
$KER (+0,83%)
$BAC (+0,71%)
$MS (+1,47%)
$ASML (+2,98%)
$JBHT (+1,64%)
$2330
$JKS (+7,72%)
$PEP (+1,52%)
$PNG (+3,1%)
$NFLX (+2,05%)
$STT (+0,93%)

Today I treated myself to a little shopping trip.

My main aim was to strengthen my core. To do this, I first added $ALV (+1,12%) into the depot.

I continued with increases in $DHL (+8,23%) and $TDIV (+1,41%) .

I also built up and expanded satellite positions.

At first I was $CRM (+0,33%) was a bit of a laugh. When I see how far we are at the beginning of implementing $CRM (+0,33%) in our company (Fortune 500), I am not worried about the business model. I'm happy to take advantage of what I see as an exaggerated sell-off after some AI headlines.

The expansion of the position at $INTU (+0,62%) . The nice thing is that both pay dividends.

Last but not least, there was some risk and Fomo. I have been looking at the wikifolio of our dear @Epi for a long time, and today I managed to get into $DE000LS9U6W1.

At $PNG (+3,1%) I have to admit that I had FOMO here. I've been following the news for a while and certainly got in far too late. But the position is correspondingly small and still fits in with the defense weighting in my portfolio.

All in all, I feel very comfortable with my decisions. Core significantly strengthened, dividends increased, some satellites added in the growth area and small zooms.

What do you think of my new additions and position increases?

Edit: my annual dividend has increased by a nice 10% to just under € 2350 gross.

$LHX (-0,96%)

As in all areas, developments in underwater autonomy are currently progressing rapidly. This involves the flexible and automated deployment of autonomous underwater vehicles (AUVs) ranging from submarines to the integration of advanced lithium-ion batteries in order to improve or redefine reliability and operational readiness in maritime operations. These UAVs can be used for everything from reconnaissance missions and the transportation of special forces to the logistical supply of special forces after a landing.

Current developments by the U.S. Navy and the British Royal Navy in the field of underwater autonomy are expected to set new milestones in cooperation with the industry. Both navies are working together with the technology group L3Harris, among others. A few key innovations have already been achieved in the past, which are now ready for use across the entire fleet.

• In January 2023, the first company succeeded in launching and recovering an unmanned underwater vehicle from a moving U.S. Navy submarine. This speeds up operations and makes the submarine less vulnerable during this time. According to the manufacturer, this groundbreaking technology developed by L3Harris is a revolution for the deployment and recovery of autonomous underwater vehicles (AUVs) and enables smooth operations in real maritime environments.
• In November 2024, the first lithium-ion technology was approved by the U.S. Navy for use on submarines. L3Harris integrated the advanced lithium-ion battery system into unmanned platforms, improving range, safety and energy efficiency. This milestone is a proactive response to changing energy needs.
• First Torpedo Tube Launch and Recovery (TTL&R) technology in the UK Royal Navy in 2025, when the Royal Navy first introduced this technology.

For underwater autonomy, it offers runtimes of up to 20 hours and a range of 40 nautical miles with rechargeable NiMH batteries, while runtimes of 40 hours and 80 nautical miles are possible with lithium-ion batteries. (Graphic: L3H)

Pioneering hybrid AUV technology for superior usability

According to the manufacturer, the IVER AUVs from L3Harris set new standards for hybrid autonomous systems by combining the strengths of manned and unmanned systems. These AUVs are designed for superior operational capability in complex underwater environments.

Equipped with modular payloads, advanced autonomy and integrated sensors, the Iver AUV offers unparalleled situational awareness and flexibility. This hybrid design enables seamless collaboration between operators and unmanned platforms, ensuring the success of underwater autonomy missions in even the most demanding conditions.

The Iver AUVs are capable of operating in both shallow coastal waters and the deep sea. This adaptability is critical as the industry increasingly relies on integrated and hybrid mission models.

Advanced energy solutions thanks to lithium-ion technology

In November 2024 L3Harris reached an important milestone with the delivery of unmanned systems equipped with advanced lithium-ion battery technology. This breakthrough represents a significant advance in the endurance, reliability and safety of autonomous platforms.

Lithium-ion batteries offer higher energy density and longer life compared to conventional energy sources. This allows autonomous underwater vehicles (AUVs) to carry out longer missions without any loss of performance.

The integration of lithium-ion technology into unmanned systems underlines the changing needs of customers. By prioritizing energy efficiency, the performance of the platforms is increased.

However, it is also crucial that the improved capabilities and greater flexibility go hand in hand with the greatest possible safety. After all, these AUVs are carried on board submarines, and fire is one of the greatest dangers of all. Therefore, the lithium-ion batteries must be absolutely safe.

Underwater autonomy - mastering the challenge of launch and recovery

Launch and recovery are still among the most complex operations in maritime robotics. A milestone was reached in July 2023. For the first time, an AUV was launched and recovered by a moving U.S. Navy submarine. According to the system manufacturer L3Harris, the first time ever worldwide.

By mastering launch and recovery techniques, the company has solved a key challenge for users and further improved the user-friendliness and effectiveness of its AUV platforms.

Vision for the future

These technologies will now be scaled up for the AUKUS submarines. The AUKUS security agreement between Australia, the UK and the USA provides for Australia to be equipped with conventionally armed but nuclear-powered hunting submarines (SSNs) to limit China's influence in the Indo-Pacific.

Australia plans to acquire up to eight of these submarines. Initially US Virginia class boats (from the 2030s) and later newly developed SSN AUKUS boats (from the 2040s). The boats are designed to be around 8,000 to 9,800 tons (submerged) and can operate for several decades without refueling. The development of the new SSN-AUKUS class is to be based on British design, initially in the UK and later in Australia (Adelaide).

The propulsion technology (reactors) and weapon systems are to come from the USA. However, Australia is initially to receive three to five US Virginia-class submarines as an interim solution in order to close the gaps until its own fleet is available with the SSN AUKUS class. These will then be used to replace the conventional Australian Collins-class submarines.

Manned-unmanned teaming will be a core capability of all newly built submarines. The AUVs can serve as a sensor ahead and reconnaissance platform as well as an effector or to transport and supply the special maritime forces deployed from the submarine.

Text: Editorial team / af

🔋 Who supplies L3Harris underwater batteries?

👉 Kraken Robotics is a very likely supplier for Navy programs where L3Harris AUVs are integrated.

👉 Whether they supply directly to L3Harris is not publicly confirmed - but technically absolutely plausible.

$PNG (+3,1%)

(@Klein-Anleger )

Unterwasserautonomie für Aufklärung und Spezialkräfte

$PNG (+3,1%)

The US Navy is relying on a new robot submarine as a "mother ship" for swarms of drones. The Dive-XL system is set to change underwater warfare.

Dive-XL from Anduril.

Kraken is considered an important supplier for Anduril's maritime programs, especially in the field of UUVs. @Klein-Anleger

The US Navy is introducing a new generation of unmanned submarines with the "Combat Autonomous Maritime Platform" project, or Camp for short. The focus is on the Dive-XL autonomous underwater vehicle from US defense contractor Anduril. This large robotic submarine is designed to deploy smaller underwater drones and torpedoes and thus function like a "mother ship", reports the news portal "New Atlas".

The Navy wants to use this to monitor much larger sea areas and relieve the burden on manned ships. The unmanned systems are intended to serve as additional weapons platforms and increase strike power at sea.

Technical data and capabilities

The Dive-XL is around 11 meters long, around 2 meters wide and fully electrically powered. The submarine should be able to dive to depths of up to 6000 meters. "New Atlas" reports a range of around 2000 nautical miles and a tested underwater dwell time of 100 hours within ten days.

Anduril has not yet announced the maximum speed of the Dive-XL. Typically, systems of this type operate at around 3 to 5 knots. It is estimated that the Dive-XL can briefly reach speeds of 8 to 10 knots (approx. 15 to 18 km/h) in order to quickly change positions or overcome currents.

The Dive-XL is built differently to conventional submarines: it does not have a solid, air-filled pressure hull, but a freely submersible structure. This means that the water simply flows through the housing, preventing the boat from being crushed at depth.

https://www.focus.de/politik/ausland/neues-roboter-u-boot-der-us-navy-entfesselt-drohnenschwaerme-in-6000-metern-tiefe_06f28c2d-35d5-49ee-9a39-bc058f2fcd09.html

In the last month $PNG (+3,1%) further, while $IREN (+5,67%) slowly recovered. The problem child remains $SOFI (+2,92%)

The US attack on Iran, which violates international law, has not yet had any negative impact on values.

Let's take a look together at the current status of the project Tenbagger der Zukunft together:

As a reminder, the project started with around €2,500, which was divided almost equally between the five securities in the portfolio.

$HIMS (+3,03%) was sold at a loss of almost exactly 50%. For the new value$ONDS (+4,76%) was topped up again to €500 - in the end, 64 shares ended up in the Tenbagger portfolio.

Below are the five values of the project selected by you and their development to date since 12.11.2025:

• Kraken Robotics +83% 📈 $PNG (+3,1%)
• In the last 30 days: +36% 📈
• Rocket Lab +46% 📈 $RKLB (+7,59%)
• In the last 30 days: +13% 📈
• Ondas Holdings +28% 📈 $ONDS (+4,76%)
• In the last 30 days: +16% 📈
• Iris Energy -21% 📉 $IREN (+5,67%)
• In the last 30 days: +10% 📈
• SoFi Technologies -45% 📉 $SOFI (+2,92%)
• In the last 30 days: -8% 📉

Since inception:

Last 30 days:

This month $PNG (+3,1%) further extend its lead.

$SOFI (+2,92%) is once again in the red.

_________________________

The beta value is: 1.84 (no change)

The beta value (β) of a share measures its performance

Marktvolatilität compared to the overall market: a beta of 1 means the share moves in sync with the market; a beta > 1 means it fluctuates more (e.g. at 1.5 it rises or falls by 1.5 % if the market rises/falls by 1 %); a beta < 1 shows less fluctuation, while a beta < 0 indicates an opposite movement to the market. It helps investors to assess the systematic risk (market risk) of a share.

_________________________

Due to the sometimes high volatility, the stocks are represented as follows

Kraken Robotics: 31%

Rocket Lab: 25%

Ondas Holdings: 22%

Iris Energy: 13%

SoFi Technologies: 9%

_________________________

Return on investment:

Since the start of the project:

The return on the portfolio is (with taking into account the loss of $HIMS ) is currently positive and stands at +7,8% 📈, at the last update it was still at-7,5%📉.

The yield reached its lowest point on 21.11. at -17,7% 📉, the high on 16.01. with +23,7% 📈.

Since the beginning of the year (with taking into account the loss of $HIMS ):

+9,3% 📈

_________________________

Below is the trend over the last three months:

Feel free to share your thoughts! :)