Update shared on 26 Nov 2025
Fair value Decreased 0.095%Nemetschek's fair value price target edged slightly lower from €123.79 to €123.68, as analysts balance optimism about sustained sector-leading growth with a more cautious view in light of recent price target adjustments.
Analyst Commentary
Recent analyst opinions on Nemetschek reflect a mix of optimism regarding the company’s growth prospects and caution about valuation and market conditions. The following summarizes key bullish and bearish takeaways from the most recent reports:
Bullish Takeaways
- Positive views center on Nemetschek’s strong exposure to construction software, a market that remains underpenetrated digitally and promises significant long-term growth opportunities.
- Several analysts expect Nemetschek to continue posting some of the highest growth rates in its sector. This is seen as supporting higher valuation multiples over time.
- Previous concerns regarding company execution or sector challenges have recently been alleviated. This has fueled upgrades in recommendations and improved price targets.
- The company’s consistent track record of innovation and sector leadership further underpins favorable outlooks for future performance.
Bearish Takeaways
- Cautious analysts highlight that recent downward adjustments to price targets suggest a more tempered outlook on near-term valuation upside.
- The company’s current valuation already reflects much of its anticipated sector-leading growth, leaving less room for positive surprises from execution.
- Some remain wary of broader market volatility or macroeconomic headwinds that could limit re-rating potential in the short term.
- There is some concern that, while digital penetration in construction offers opportunity, capturing additional share may take longer than expected.
What's in the News
- Nemetschek SE reconfirmed its earnings guidance for the financial year 2025, signaling confidence following the recent GoCanvas acquisition (Key Developments).
- The company expects currency-adjusted revenue growth for 2025 in the range of 20% to 22%. This includes a roughly 450 basis point boost from GoCanvas (Key Developments).
Valuation Changes
- Fair Value Price Target: edged down marginally from €123.79 to €123.68.
- Discount Rate: increased slightly from 6.21% to 6.34%.
- Revenue Growth: forecast improved modestly from 13.72% to 13.85%.
- Net Profit Margin: marginally higher, moving from 21.88% to 22.07%.
- Future P/E Ratio: declined slightly from 45.74x to 45.39x.
Disclaimer
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