When Should You Buy Nemetschek SE (ETR:NEM)?
May 27
German (DAX) Tech Sector Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies118
- 7D-0.3%
- 3M3.9%
- 1Y29.5%
- YTD18.9%
In the last week, Tech has been flat. As for the the longer term, the industry is up 30% over the past 12 months. Earnings are forecast to grow by 28% annually.
Sector Valuation and Performance
Has the German Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | €304.3b | €78.6b | €6.3b | 19.2x | 48x | 3.9x |
| Fri, 26 Apr 2024 | €289.0b | €79.3b | €6.9b | 17.5x | 41.9x | 3.6x |
| Sun, 24 Mar 2024 | €302.7b | €78.2b | €8.3b | 18.6x | 36.3x | 3.9x |
| Tue, 20 Feb 2024 | €287.4b | €78.1b | €8.3b | 18.3x | 34.5x | 3.7x |
| Thu, 18 Jan 2024 | €263.8b | €80.7b | €6.7b | 19.3x | 39.6x | 3.3x |
| Sat, 16 Dec 2023 | €269.5b | €80.3b | €6.7b | 19.4x | 40.3x | 3.4x |
| Mon, 13 Nov 2023 | €245.9b | €80.1b | €6.7b | 19x | 36.7x | 3.1x |
| Wed, 11 Oct 2023 | €237.7b | €79.4b | €6.3b | 19.5x | 38x | 3x |
| Fri, 08 Sep 2023 | €246.3b | €79.4b | €6.3b | 20.4x | 39.3x | 3.1x |
| Sun, 06 Aug 2023 | €240.0b | €78.7b | €6.2b | 20.7x | 38.5x | 3x |
| Tue, 04 Jul 2023 | €245.5b | €77.4b | €6.0b | 21.7x | 40.9x | 3.2x |
| Thu, 01 Jun 2023 | €240.9b | €77.7b | €6.3b | 20.3x | 38x | 3.1x |
| Sat, 29 Apr 2023 | €239.9b | €76.2b | €6.0b | 22.4x | 40x | 3.1x |
| Mon, 27 Mar 2023 | €228.3b | €75.5b | €6.6b | 24.4x | 34.4x | 3x |
| Wed, 22 Feb 2023 | €221.9b | €74.8b | €6.6b | 24.5x | 33.6x | 3x |
| Fri, 20 Jan 2023 | €214.9b | €73.5b | €7.3b | 25.1x | 29.6x | 2.9x |
| Sun, 18 Dec 2022 | €200.8b | €73.4b | €7.3b | 23.4x | 27.5x | 2.7x |
| Tue, 15 Nov 2022 | €206.4b | €71.7b | €7.0b | 22.7x | 29.4x | 2.9x |
| Thu, 13 Oct 2022 | €170.0b | €70.3b | €7.7b | 19.3x | 22x | 2.4x |
| Sat, 10 Sep 2022 | €181.8b | €70.1b | €7.7b | 21.4x | 23.6x | 2.6x |
| Mon, 08 Aug 2022 | €195.9b | €69.4b | €7.4b | 23.2x | 26.5x | 2.8x |
| Wed, 06 Jul 2022 | €173.6b | €67.3b | €8.0b | 22.8x | 21.7x | 2.6x |
| Fri, 03 Jun 2022 | €202.1b | €67.3b | €7.9b | 23.3x | 25.6x | 3x |
| Sun, 01 May 2022 | €208.6b | €65.9b | €7.5b | 25.7x | 27.8x | 3.2x |
| Tue, 29 Mar 2022 | €221.0b | €65.3b | €7.9b | 26.1x | 28x | 3.4x |
| Thu, 24 Feb 2022 | €216.9b | €66.3b | €7.8b | 26.9x | 27.8x | 3.3x |
| Sat, 22 Jan 2022 | €256.6b | €65.1b | €8.1b | 29.1x | 31.7x | 3.9x |
| Mon, 20 Dec 2021 | €270.0b | €65.1b | €8.1b | 32x | 33.3x | 4.1x |
| Wed, 17 Nov 2021 | €280.4b | €64.8b | €7.7b | 31.1x | 36.3x | 4.3x |
| Fri, 15 Oct 2021 | €271.8b | €65.9b | €7.7b | 34.4x | 35.3x | 4.1x |
| Sun, 12 Sep 2021 | €269.7b | €66.3b | €6.8b | 33x | 39.6x | 4.1x |
| Tue, 10 Aug 2021 | €265.4b | €67.5b | €8.2b | 31.9x | 32.4x | 3.9x |
Price to Earnings Ratio
33.5x
Current Industry PE
- Investors are optimistic on the German Information Technology industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 48.0x which is higher than its 3-year average PE of 33.1x.
- The 3-year average PS ratio of 3.3x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 4.3% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.9% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the German Tech sector?
| DE Market | -0.19% | |
| Tech | -0.26% | |
| Semiconductors | 4.88% | |
| IT | 0.74% | |
| Communications | -0.46% | |
| Electronic Equipment and Components | -0.57% | |
| Software | -1.54% | |
| Tech Hardware | -13.22% | |
Industry PE
- Investors are most optimistic about the Software industry which is trading above its 3-year average PE ratio of 48.5x.
- Analysts are expecting annual earnings growth of 32.9%, which is higher than its past year's earnings growth of 7.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Communications industry, expecting annual earnings growth of 144% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BKHT Brockhaus Technologies | €27.10 | 18.3% +€43.9m | 25.5% | PS1.5x | |
| SANT Kontron | €21.22 | 2.7% +€34.5m | 10.9% | PE17.5x | |
| MUM Mensch und Maschine Software | €57.80 | 2.8% +€27.0m | 15.6% | PE32.8x | |
| ELG Elmos Semiconductor | €83.00 | 1.7% +€24.0m | 26.5% | PE13.8x | |
| SOW Software | €35.50 | 0.9% +€22.2m | n/a | PS2.6x |
