NuWays AG Recommends BUY on Multitude SE Following Strategic Acquisition

NuWays AG, a financial analysis firm, has issued a BUY recommendation for Multitude SE, with a target price of €10.00 within the next 12 months. This comes after Multitude SE's recent acquisition of Danish factoring specialist, Omniveta Finance, through its SME unit, CapitalBox. The acquisition is characterized as value-accretive, aiming to bolster the company’s offerings in the financial services sector.

Omniveta Finance, established in 2012, specializes in purchasing invoices from suppliers to enhance the liquidity of Danish SMEs. The firm operates by offering suppliers a discounted payout for their invoices, typically involving a credit period of around 30 days at a discount rate between 10-20%, including handling fees. Although specific detailed financials regarding Omniveta's performance were not disclosed, it is projected to be generating sales in the low single-digit million Euro range and is approximately break-even on the profitability front.

The analysis by NuWays AG, conducted by analyst Frederik Jarchow, underscores the strategic significance of this acquisition for Multitude SE. Additionally, CapitalBox's recent launch of a new collateral lending product further demonstrates Multitude’s intent to expand and diversify its services. Investors and stakeholders in Multitude SE may find comprehensive insights and rationale behind the BUY rating on NuWays AG's research portal.