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creditshelf: careful examination

In the first half of the year, the number of credit inquiries at creditshelf rose by 42 percent to EUR 860.1 million. The volume of arranged loans increased from EUR 35.8 million to EUR 45.6 million. The conversion rate drops from 5.9 percent to 5.3 percent. Creditshelf checks as careful and does not simply grant loans. The FMR analysts rate this as very positive.

The pandemic had a major impact on business in the first half of the year. The situation should slowly normalize in the second half of the year. The experts expect a volume of arranged loans of 135 million euros for the full year. The conversion rate should be 5 percent.

As before, the analysts issue a buy recommendation for the shares of creditshelf. You see the target price unchanged at 60.00 euros.

They make no changes to their estimates. Sales in 2020 are expected to be 7.5 million euros, a loss per share of 3.00 euros is expected. In 2021, sales are expected to increase to 13.4 million euros. At the same time, there should be earnings per share of EUR 0.65.

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