At €25.59, Is Fresenius SE & Co. KGaA (ETR:FRE) Worth Looking At Closely?
Jun 01
German (DAX) Market Analysis & Valuation
UpdatedJun 01, 2023
DataAggregated Company Financials
Companies783
- 7D-0.1%
- 3M-1.2%
- 1Y-8.5%
- YTD7.7%
The Utilities sector gained 13% while the market remained flat over the last week. Unfortunately though, the market is down 8.5% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.
Market Valuation and Performance
Has the German Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Jun 2023 | €2.2t | €3.0t | €141.8b | 17.1x | 15.5x | 0.7x |
| Sat, 29 Apr 2023 | €2.2t | €3.0t | €148.1b | 17.2x | 15.1x | 0.7x |
| Mon, 27 Mar 2023 | €2.1t | €3.0t | €150.2b | 16x | 14.2x | 0.7x |
| Wed, 22 Feb 2023 | €2.2t | €3.0t | €160.5b | 16.3x | 13.5x | 0.7x |
| Fri, 20 Jan 2023 | €2.1t | €2.6t | €173.0b | 15.8x | 12x | 0.8x |
| Sun, 18 Dec 2022 | €1.9t | €2.6t | €173.1b | 15.6x | 11.1x | 0.7x |
| Tue, 15 Nov 2022 | €2.0t | €2.6t | €170.2b | 15.1x | 11.7x | 0.8x |
| Thu, 13 Oct 2022 | €1.7t | €2.5t | €169.1b | 13.7x | 10.2x | 0.7x |
| Sat, 10 Sep 2022 | €1.8t | €2.5t | €162.5b | 15.5x | 11x | 0.7x |
| Mon, 08 Aug 2022 | €1.9t | €2.6t | €160.7b | 16.3x | 12x | 0.7x |
| Wed, 06 Jul 2022 | €1.8t | €2.6t | €159.2b | 15.9x | 11.1x | 0.7x |
| Fri, 03 Jun 2022 | €2.0t | €2.6t | €158.1b | 17.8x | 12.9x | 0.8x |
| Sun, 01 May 2022 | €2.1t | €2.5t | €143.7b | 18.8x | 14.4x | 0.8x |
| Tue, 29 Mar 2022 | €2.1t | €2.5t | €145.2b | 18.9x | 14.7x | 0.9x |
| Thu, 24 Feb 2022 | €2.2t | €2.4t | €142.4b | 19.4x | 15.4x | 0.9x |
| Sat, 22 Jan 2022 | €2.3t | €2.4t | €144.4b | 21x | 16.1x | 1x |
| Mon, 20 Dec 2021 | €2.3t | €2.3t | €141.1b | 20.3x | 16.5x | 1x |
| Wed, 17 Nov 2021 | €2.4t | €2.3t | €136.9b | 22.5x | 17.7x | 1.1x |
| Fri, 15 Oct 2021 | €2.3t | €2.2t | €113.9b | 22.5x | 20.6x | 1x |
| Sun, 12 Sep 2021 | €2.4t | €2.4t | €127.6b | 22.3x | 19.2x | 1x |
| Tue, 10 Aug 2021 | €2.4t | €2.2t | €115.3b | 22.1x | 20.6x | 1.1x |
| Mon, 03 May 2021 | €2.3t | €2.2t | €65.3b | 23.5x | 34.5x | 1x |
| Thu, 04 Feb 2021 | €2.0t | €2.1t | €43.1b | 24.3x | 46.7x | 1x |
| Sun, 08 Nov 2020 | €1.7t | €2.1t | €21.6b | 20.2x | 78.8x | 0.8x |
| Sat, 01 Aug 2020 | €1.8t | €2.0t | €43.9b | 20.4x | 40x | 0.9x |
Price to Earnings Ratio
24.2x
Current Market PE
- Investors are pessimistic on the German market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 15.5x which is lower than its 3-year average PE of 27.4x.
Past Earnings Growth
- The earnings for German listed companies have grown 26% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the German Market?
| DE Market | -0.13% | |
| Utilities | 13.07% | |
| Tech | 2.19% | |
| Industrials | 0.0066% | |
| Energy | -0.12% | |
| Financials | -0.94% | |
| Consumer Discretionary | -1.15% | |
| Healthcare | -1.36% | |
| Real Estate | -2.00% | |
| Consumer Staples | -2.80% | |
| Telecom | -2.93% | |
| Materials | -4.13% | |
Sector PE
- Investors favour the Utilities sector the most for future growth even though it's trading below its 3-year average PE ratio of 2kx.
- The market's confidence is likely because analysts are expecting annual earnings growth of 27.2%, which is higher than its past year's earnings growth of 7.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 77% over the next 5 years.
- This is better than its past earnings decline of 39% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 3.9% 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 | Sector | |
|---|---|---|---|---|---|---|
| UN01 Uniper | €6.14 | 52.8% +€17.7b | -73.7% | PS0.2x | Utilities | |
| SAP SAP | €122.18 | 1.6% +€2.3b | 31.0% | PE85.5x | Tech | |
| IFX Infineon Technologies | €34.73 | 3.0% +€1.3b | 20.2% | PE16.3x | Tech | |
| DPW Deutsche Post | €42.05 | 2.0% +€1.0b | 12.8% | PE10.2x | Industrials | |
| TLX Talanx | €52.15 | 7.0% +€858.9m | 38.1% | PE10.4x | Financials |
Market Insights
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