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 €5.69 billion market cap, forward price-to-earnings ratio of 71.69 and no dividend. Today it’s share price is a little over €28. It went public at just over €24 a share, and by July 2020 this had increased to €51.48. Since going public via initial public offering (IPO) in 2019, TeamViewer is now one of Europe’s biggest technology stocks. When the partnership was first announced TeamViewer’s stock plunged 16%, the share price fall may well have been a short-sighted reaction to a little understood partnership. It could also provide fantastic networking opportunities for the company to raise its revenue streams. The collaboration with Manchester United Football Club could unlock massive potential for consumers and businesses alike to explore TeamViewer’s range of products. This began in July 2021 and saw them pay £235 million in return for the company name to be displayed on the team’s shirts. Meanwhile, TeamViewer Tensor is an enterprise remote connectivity cloud platform.Īlongside this, they also announced in March 2021 that they will replace Chevrolet as the main sponsor for Manchester United Football Club (NYSE:MANU) in a 5 year deal. 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. As the world continues its shift towards remote working, software such as TeamViewer is becoming more invaluable to businesses.
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