Warburg Research Initiates Coverage of Eleving Group

Warburg Research GmbH has published an initiation report on Eleving Group as of November 19, 2024. The analysis examines the company's business operations, growth trends, financial performance, and valuation. Eleving Group’s position is reviewed using current public information and projections.

According to Warburg Research, Eleving Group shows strong growth potential. Innovation through data-driven systems and a scalable infrastructure supports this growth. Since inception, the company has provided financing to over 1.3 million customers, amounting to more than EUR 1.8 billion. The net loan portfolio increased from EUR 141 million in 2018 to EUR 320 million in 2023, with an expected 18.3% CAGR through 2026. Revenue growth is projected at a CAGR of 15.7% in the same period.

The report values Eleving Group’s shares at EUR 2.46 each, considering a robust RoE of 35% and high dividend payout expectations.