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German (DAX) Market Analysis & Valuation
UpdatedMay 24, 2022
DataAggregated Company Financials
Companies723
- 7D-0.4%
- 3M-6.4%
- 1Y-12.4%
- YTD-15.2%
The market has been flat over the last week. Unfortunately though, the market is down 12% over the past year. Earnings are forecast to grow by 7.5% annually.
Market Valuation and Performance
Has the German Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Wed, 25 May 2022 | €2.0t | €2.6t | €160.8b | 17.4x |
| Fri, 22 Apr 2022 | €2.1t | €2.5t | €143.5b | 19.1x |
| Sun, 20 Mar 2022 | €2.2t | €2.5t | €146.6b | 19.4x |
| Tue, 15 Feb 2022 | €2.2t | €2.4t | €142.5b | 19.9x |
| Thu, 13 Jan 2022 | €2.4t | €2.3t | €141.3b | 21.2x |
| Sat, 11 Dec 2021 | €2.3t | €2.3t | €141.2b | 20.2x |
| Mon, 08 Nov 2021 | €2.4t | €2.3t | €120.5b | 23x |
| Wed, 06 Oct 2021 | €2.3t | €2.2t | €114.5b | 22.7x |
| Fri, 03 Sep 2021 | €2.4t | €2.2t | €115.3b | 22.6x |
| Sun, 01 Aug 2021 | €2.3t | €2.2t | €115.3b | 21.6x |
| Wed, 05 May 2021 | €2.3t | €2.2t | €65.3b | 23.5x |
| Sat, 06 Feb 2021 | €2.0t | €2.1t | €43.1b | 24.3x |
| Tue, 10 Nov 2020 | €1.7t | €2.1t | €21.6b | 20.2x |
| Mon, 03 Aug 2020 | €1.8t | €2.0t | €43.9b | 20.4x |
| Thu, 07 May 2020 | €1.6t | €2.2t | €71.4b | 17.2x |
| Sun, 09 Feb 2020 | €1.9t | €2.2t | €91.1b | 18.1x |
| Sat, 02 Nov 2019 | €1.8t | €2.1t | €91.1b | 18.3x |
| Tue, 06 Aug 2019 | €1.8t | €2.1t | €94.1b | 18.7x |
Median PE Ratio
19.2x
Current Market PE
- Investors are relatively neutral on the market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 20.3x.
Past Earnings Growth
- The earnings for German listed companies have grown 15% per year over the last three years.
- Revenues for these companies have grown 7.3% 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 | -0.40% | |
| Utilities | 1.55% | |
| Real Estate | 1.15% | |
| Healthcare | 0.87% | |
| Telecom | 0.33% | |
| Financials | -0.44% | |
| Consumer Discretionary | -0.59% | |
| Industrials | -1.19% | |
| Tech | -1.37% | |
| Materials | -1.47% | |
| Consumer Staples | -1.81% | |
| Energy | -2.32% | |
Sector PE
- Investors are most optimistic about the Utilities sector which is trading above its 3-year average PE ratio of 31.6x.
- Analysts are expecting annual earnings decline of 2.7% which is lower than the prior year's growth of 54% per year.
- The market might believe that analysts are underestimating future growth or they expect the Utilities sector's earnings to deteriorate the least compared to other sectors.
- Investors are most pessimistic about the Materials sector, which is trading below its 3-year average of 16.2x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 20% over the next 5 years.
- However this is lower than its past earnings growth rate of 28% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 16% 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 | |
|---|---|---|---|---|---|---|
| MRK MERCK Kommanditgesellschaft auf Aktien | €175.10 | 6.4% +€4.6b | 18.4% | PS23.9x | Healthcare | |
| DTE Deutsche Telekom | €18.60 | 2.6% +€2.4b | 8.3% | PS12.9x | Telecom | |
| DBK Deutsche Bank | €10.08 | 5.7% +€1.1b | -17.8% | PS9x | Financials | |
| CBK Commerzbank | €7.66 | 12.5% +€1.1b | 16.0% | PB0.3x | Financials | |
| DEQ Deutsche EuroShop | €21.90 | 37.6% +€369.5m | 15.8% | PB0.6x | Real Estate |
