Added to YB: 2026-03-31
Pitch date: 2026-02-06
HYQ.F [bullish]
Hypoport SE
-20.75%
current return
Author Info
No bio for this author
Company Info
Hypoport SE develops, operates, and markets technology platforms for the credit, housing, and insurance industries in Germany.
Market Cap
EUR 471.3M
Pitch Price
EUR 90.10
Price Target
300.00 (+326%)
Dividend
N/A
EV/EBITDA
11.88
P/E
22.94
EV/Sales
0.92
Sector
Financial Services
Category
value
Hypoport SE - $HYQ.F
HYQ.F: German mortgage marketplace Europace (33% mkt share, 5x larger than nearest competitor) trading 2.2x NTM GP vs 7.3x 10yr avg. Charges 12bps (~€360/loan, <€3/mo to consumer) with underutilized pricing power (raised 20% recently w/minimal pushback). Recent selloff on DB exit & macro slowdown creates entry; still 25% below normalized volumes. Trading <10x normalized EBIT w/~100% incremental margins on recovery. 30% price increase alone = €250+ upside. Risks: DB decline acceleration, mortgage market weakness, key man (Ronald owns 32.4%). Base/bull cases: €150-€300+ (vs €100 today).
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