Advanced Blockchain AG: Significant Upside Potential According to GBC AG

Advanced Blockchain AG has garnered a 'BUY' recommendation from GBC AG, with a target price of €17.64 by December 31, 2025. The research underscores substantial growth prospects at the group level based on portfolio valuation.

The company's individual financial statements show a rise in revenue from €0.06 million in 2022 to €0.11 million in 2023. However, earnings deteriorated, with EBITDA falling from -€0.5 million to -€0.72 million year-over-year. Key factors include a drop in other operating income and increased write-downs on current assets.

Despite a net loss of €0.88 million and a reduction in equity from €10.75 million to €9.56 million, the firm remains well-positioned. Receivables from affiliated companies are nearly cash-equivalent, mainly from loans to Incredulous Labs Ltd.

The 2024 focus includes sustainable growth, revenue diversification, and cross-chain initiatives. The revaluation of top investments indicates a 45% increase in portfolio value to €57.5 million, suggesting a significant undervaluation of the current market capitalization of €15.18 million.