2026 Q3 - tulosraportti
20 päivää sitten
‧50 min
0,30 EUR/osake
Viimeisin osinko
1,33%Tuotto/v
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 25.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 22.10. | ||
2026 Q2 - tulosraportti 23.7. | ||
2026 Q1 - tulosraportti 23.4. | ||
2025 Q4 - tulosraportti 26.2. | ||
2025 Q3 - tulosraportti 22.10.2025 |
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
·27.10.The company is pretty cheap now. Trading at like 10 pe. And with growth of 15-20 %. Feels like an overreaction, right? And cheaper than our Swedish competitors.
·23.10. · MuokattuGood insider signal recently: Bernd Förtsch via GfBk Buy order of 50,000 shares on October 15 and another 50,000 on October 16, at €25.29 and €25.77 respectively. Total approximately €2.57 million
Old news but they have also announced a buyback program of 100 MEUR but the stock continues to grind down every day and the analysts are negative. Either the market has sniffed out something that one doesn't understand or someone is going to sell at any cost due to slowing growth.- ·22.10.Bought another batch at today's level. Believe in the company, large domestic market, not as developed as Sweden but under construction.
·22.10.flatexDEGIRO – cheap stock or justified valuation discount? After going through the Q3 report and comparing it primarily with Avanza and Nordnet, I have become significantly more hesitant about the case. My primary objection is the business model. flatexDEGIRO practically has two main revenue legs: trading and net interest income. Avanza and Nordnet also have a third, more recurring leg in the form of fund revenues. This makes flatexDEGIRO more sensitive to changes in stock market activity and interest rate levels. While Q3 shows strong profit growth, a large part is driven by growing net interest income rather than the trading business. Net interest income is heavily influenced by external factors such as ECB interest rates, customer liquidity, and credit utilization. In my opinion, that type of earnings should not be valued as high as sustainable, structural growth. What worries me the most, however, is the competitive situation. During the first nine months of the year, marketing costs have increased by approximately 44 %, while the number of new customer accounts has decreased by 16 %. The company is thus spending significantly more but getting fewer new customers. This raises questions about both the competitive situation and the product's attractiveness. At the same time, Avanza and Nordnet continue to grow their customer bases, and Nordnet is also entering the German market. Competition is hardly going to decrease going forward. flatexDEGIRO is traded around P/E 12–13, compared to approximately 19–23 for Avanza and Nordnet. Initially, I saw the discount as an opportunity, not least after the turbulence surrounding the board. But the more I analyze the company, the more justified the valuation difference appears. My conclusion: flatexDEGIRO is a very profitable company, but it is not obvious that it should be valued as a growth company like Avanza and Nordnet. Without clearer improvement in customer acquisition and a broader base of recurring revenues, there are arguments for a valuation closer to traditional banks. I do not rule out a revaluation, but around 25 euro I do not think the potential upside is large enough relative to the risks. The decisive question for me is whether flatexDEGIRO's weaker customer acquisition is temporary or a sign that the company is losing competitiveness.
When something is halved in price, there is always something that chafes. It is still no catastrophe. Increase in total number of customers the last 12 months Avanza 8% Nordnet 12% FlatexDEGIRO 10%
·22.10.The stock looks very cheap, but some worrying signs in the report: slowing growth rate for new accounts, decreasing commission revenues Q1 --> Q2 --> Q3.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Dataa ei löytynyt
2026 Q3 - tulosraportti
20 päivää sitten
‧50 min
0,30 EUR/osake
Viimeisin osinko
1,33%Tuotto/v
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·27.10.The company is pretty cheap now. Trading at like 10 pe. And with growth of 15-20 %. Feels like an overreaction, right? And cheaper than our Swedish competitors.
- ·23.10. · MuokattuGood insider signal recently: Bernd Förtsch via GfBk Buy order of 50,000 shares on October 15 and another 50,000 on October 16, at €25.29 and €25.77 respectively. Total approximately €2.57 millionOld news but they have also announced a buyback program of 100 MEUR but the stock continues to grind down every day and the analysts are negative. Either the market has sniffed out something that one doesn't understand or someone is going to sell at any cost due to slowing growth.
- ·22.10.Bought another batch at today's level. Believe in the company, large domestic market, not as developed as Sweden but under construction.
- ·22.10.flatexDEGIRO – cheap stock or justified valuation discount? After going through the Q3 report and comparing it primarily with Avanza and Nordnet, I have become significantly more hesitant about the case. My primary objection is the business model. flatexDEGIRO practically has two main revenue legs: trading and net interest income. Avanza and Nordnet also have a third, more recurring leg in the form of fund revenues. This makes flatexDEGIRO more sensitive to changes in stock market activity and interest rate levels. While Q3 shows strong profit growth, a large part is driven by growing net interest income rather than the trading business. Net interest income is heavily influenced by external factors such as ECB interest rates, customer liquidity, and credit utilization. In my opinion, that type of earnings should not be valued as high as sustainable, structural growth. What worries me the most, however, is the competitive situation. During the first nine months of the year, marketing costs have increased by approximately 44 %, while the number of new customer accounts has decreased by 16 %. The company is thus spending significantly more but getting fewer new customers. This raises questions about both the competitive situation and the product's attractiveness. At the same time, Avanza and Nordnet continue to grow their customer bases, and Nordnet is also entering the German market. Competition is hardly going to decrease going forward. flatexDEGIRO is traded around P/E 12–13, compared to approximately 19–23 for Avanza and Nordnet. Initially, I saw the discount as an opportunity, not least after the turbulence surrounding the board. But the more I analyze the company, the more justified the valuation difference appears. My conclusion: flatexDEGIRO is a very profitable company, but it is not obvious that it should be valued as a growth company like Avanza and Nordnet. Without clearer improvement in customer acquisition and a broader base of recurring revenues, there are arguments for a valuation closer to traditional banks. I do not rule out a revaluation, but around 25 euro I do not think the potential upside is large enough relative to the risks. The decisive question for me is whether flatexDEGIRO's weaker customer acquisition is temporary or a sign that the company is losing competitiveness.When something is halved in price, there is always something that chafes. It is still no catastrophe. Increase in total number of customers the last 12 months Avanza 8% Nordnet 12% FlatexDEGIRO 10%
- ·22.10.The stock looks very cheap, but some worrying signs in the report: slowing growth rate for new accounts, decreasing commission revenues Q1 --> Q2 --> Q3.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 25.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 22.10. | ||
2026 Q2 - tulosraportti 23.7. | ||
2026 Q1 - tulosraportti 23.4. | ||
2025 Q4 - tulosraportti 26.2. | ||
2025 Q3 - tulosraportti 22.10.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
Välittäjätilasto
Dataa ei löytynyt
2026 Q3 - tulosraportti
20 päivää sitten
‧50 min
Uutiset
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q4 - tulosraportti 25.2.2027 |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q3 - tulosraportti 22.10. | ||
2026 Q2 - tulosraportti 23.7. | ||
2026 Q1 - tulosraportti 23.4. | ||
2025 Q4 - tulosraportti 26.2. | ||
2025 Q3 - tulosraportti 22.10.2025 |
Tuotteita joiden kohde-etuutena tämä arvopaperi
0,30 EUR/osake
Viimeisin osinko
1,33%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·27.10.The company is pretty cheap now. Trading at like 10 pe. And with growth of 15-20 %. Feels like an overreaction, right? And cheaper than our Swedish competitors.
- ·23.10. · MuokattuGood insider signal recently: Bernd Förtsch via GfBk Buy order of 50,000 shares on October 15 and another 50,000 on October 16, at €25.29 and €25.77 respectively. Total approximately €2.57 millionOld news but they have also announced a buyback program of 100 MEUR but the stock continues to grind down every day and the analysts are negative. Either the market has sniffed out something that one doesn't understand or someone is going to sell at any cost due to slowing growth.
- ·22.10.Bought another batch at today's level. Believe in the company, large domestic market, not as developed as Sweden but under construction.
- ·22.10.flatexDEGIRO – cheap stock or justified valuation discount? After going through the Q3 report and comparing it primarily with Avanza and Nordnet, I have become significantly more hesitant about the case. My primary objection is the business model. flatexDEGIRO practically has two main revenue legs: trading and net interest income. Avanza and Nordnet also have a third, more recurring leg in the form of fund revenues. This makes flatexDEGIRO more sensitive to changes in stock market activity and interest rate levels. While Q3 shows strong profit growth, a large part is driven by growing net interest income rather than the trading business. Net interest income is heavily influenced by external factors such as ECB interest rates, customer liquidity, and credit utilization. In my opinion, that type of earnings should not be valued as high as sustainable, structural growth. What worries me the most, however, is the competitive situation. During the first nine months of the year, marketing costs have increased by approximately 44 %, while the number of new customer accounts has decreased by 16 %. The company is thus spending significantly more but getting fewer new customers. This raises questions about both the competitive situation and the product's attractiveness. At the same time, Avanza and Nordnet continue to grow their customer bases, and Nordnet is also entering the German market. Competition is hardly going to decrease going forward. flatexDEGIRO is traded around P/E 12–13, compared to approximately 19–23 for Avanza and Nordnet. Initially, I saw the discount as an opportunity, not least after the turbulence surrounding the board. But the more I analyze the company, the more justified the valuation difference appears. My conclusion: flatexDEGIRO is a very profitable company, but it is not obvious that it should be valued as a growth company like Avanza and Nordnet. Without clearer improvement in customer acquisition and a broader base of recurring revenues, there are arguments for a valuation closer to traditional banks. I do not rule out a revaluation, but around 25 euro I do not think the potential upside is large enough relative to the risks. The decisive question for me is whether flatexDEGIRO's weaker customer acquisition is temporary or a sign that the company is losing competitiveness.When something is halved in price, there is always something that chafes. It is still no catastrophe. Increase in total number of customers the last 12 months Avanza 8% Nordnet 12% FlatexDEGIRO 10%
- ·22.10.The stock looks very cheap, but some worrying signs in the report: slowing growth rate for new accounts, decreasing commission revenues Q1 --> Q2 --> Q3.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä |
|---|---|---|
| - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastoja ja ETF:iä jotka omistavat osaketta
Asiakkaat katsoivat myös
Välittäjätilasto
Dataa ei löytynyt