In its recent Q4 earnings call, the company stated it had exceeded its results for the full year. Its sales estimates for the coming years are €556.22 million for FY2021, €713.17 million for FY2022 and €902.67 million for FY2023. The company has a €7 billion market cap, forward price-to-earnings ratio of 39.3 and no dividend. After the March market crash last year, the TeamViewer share price rose 98% to a high of €51.48 in June but since then it’s fluctuated lower. It went public at just over €24 a share, today it trades around €37. It’s now one of Europe’s biggest technology stocks. TeamViewer went public via initial public offering (IPO) in 2019. TeamViewer’s Tensor became a possible answer for internal support in the financial services sector thanks to its stringent security standards. Many organisations forced into unforeseen home-working had to jump on tech solutions. The pandemic has brought new and unexpected business to TeamViewer’s door. When TeamViewer first went public its core profits were close to doubling and it was growing its margins.
Meanwhile, TeamViewer Tensor is an enterprise remote connectivity cloud platform. TeamViewer’s Frontline also includes xPick, which is used for logistics and order picking, xMake is used in assembly lines and manufacturing and xInspect is used in maintenance, service and inspection. Its offering to individuals is free, but it makes money on its subscription-based Software as a Service (Saas) enterprise product.Īn example where TeamViewer is used in an enterprise setting could be in the process of a Frontline remote expert taking part in an augmented reality (AR) medical treatment, using xAssist to guide the clinical staff correctly through the procedure using smart glasses. TeamViewer uses video conferencing, remote IT support, and the Internet of Things (IoT) to support customers. Read on to discover how this unlikely partnership could benefit both parties exponentially in the long run. It could also provide fantastic networking opportunities for the company to raise its revenue streams. However, this collaboration could unlock massive potential for consumers and businesses alike to explore TeamViewer’s range of products. It seems the share price fall could be a shortsighted reaction to a little understood partnership.
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