TeamViewer AG (ADR)

Factors to consider:

• Earnings for 12 months up through Q4 are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [3.60$, 6.35$]
• 2025-12-31 to 2026-12-31 estimated range: [3.81$, 6.60$]

Financial Metrics affecting the TMVWY estimates:

• Positive: with PPE of 6.0 at the end of fiscal year the price was neutral
• Positive: 15.29 < Operating cash flow per share per price, % of 16.53
• Positive: Interest expense per share per price, % of 1.16 <= 1.42
• Positive: 22.58 < Operating profit margin, % of 30.74
• Negative: Industry earnings per price (median), % of 0 <= 0
• Positive: -1.23 < Investing cash flow per share per price, % of -0.85
• Positive: 7.04 < Shareholder equity ratio, % of 9.39 <= 12.78
• Positive: Industry inventory ratio change (median), % of -0.29 <= 0
• Negative: Industry operating cash flow per share per price (median), % of -0.41 <= 0.90
• Positive: Inventory ratio change, % of -0.06 <= 0