Buy Signal on Teamviewer (TMV-DE)
TeamViewer is a € 8.6 Bn market cap which focuses on cloud-based technologies that enable remote assistance and online collaboration on a global scale. The company offers software solutions to remotely access and connect any computer, tablet, laptop, mobile device and Internet of Things (IoT) endpoint, such as industrial machines to enable control, management and remote monitoring of devices, as well as interaction and collaboration. Its product portfolio includes TeamViewer, TeamViewer Tensor, TeamViewer Pilot, TeamViewer loT, TeamViewer Remote Management, servicecamp and Bizz. The company has offices in Europe, the United States and Asia-Pacific.
TeamViewer makes it possible to solve IT problems by allowing an expert to access the home PC elsewhere. Primarily due to the COVID 19 pandemic, many people have gotten to know the software.
Teamviewer is a growth story (20% to 30% organic growth per year) coupled with impressive margins (operating margin at 45%) and cash-flow generation. The valuation is demanding, but the company has a strong positionning in a fast growing market. The cloud ramping up looks just at the beginning and could represent a megatrend for the decade.
Short term catalyst: « Stay at home », cloud ramping up.
This signal looks consistent with the Bullish momentum in the European Technological sector.