Narrative Update • Jun 06

Over the last 7 days, the Specialty Stores industry has dropped 2.0%, driven by pullbacks in Ceconomy and Fielmann Group of 11% and 5.3%, respectively. Overall the industry is down 14% in 12 months. Looking forward, earnings are forecast to grow by 30% annually.
Has the German Specialty Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 10 Jun 2026 | €22.5b | €67.3b | €633.8m | 17x | 35.5x | 0.3x |
| Fri, 08 May 2026 | €21.4b | €66.3b | €804.8m | 9.7x | 26.6x | 0.3x |
| Sun, 05 Apr 2026 | €21.0b | €65.6b | €880.8m | 9.1x | 23.9x | 0.3x |
| Tue, 03 Mar 2026 | €22.1b | €64.4b | €814.3m | 17.5x | 27.1x | 0.3x |
| Thu, 29 Jan 2026 | €25.2b | €64.4b | €799.5m | 17x | 31.5x | 0.4x |
| Sat, 27 Dec 2025 | €25.3b | €64.4b | €799.5m | 19x | 31.7x | 0.4x |
| Mon, 24 Nov 2025 | €23.7b | €64.1b | €901.8m | 17.6x | 26.3x | 0.4x |
| Wed, 22 Oct 2025 | €28.1b | €65.0b | €785.2m | 21.5x | 35.8x | 0.4x |
| Fri, 19 Sep 2025 | €28.6b | €64.9b | €793.3m | 21.6x | 36.1x | 0.4x |
| Sun, 17 Aug 2025 | €27.7b | €64.2b | €750.0m | 19.8x | 36.9x | 0.4x |
| Tue, 15 Jul 2025 | €28.1b | €64.1b | €605.8m | 14.5x | 46.5x | 0.4x |
| Thu, 12 Jun 2025 | €27.9b | €64.0b | €595.2m | 14.1x | 46.8x | 0.4x |
| Sat, 10 May 2025 | €27.7b | €64.1b | €705.7m | 19.9x | 39.3x | 0.4x |
| Mon, 07 Apr 2025 | €24.6b | €63.3b | €682.0m | 18.7x | 36x | 0.4x |
| Wed, 05 Mar 2025 | €27.3b | €62.7b | €453.1m | 16.3x | 60.2x | 0.4x |
| Fri, 31 Jan 2025 | €27.2b | €62.0b | €414.3m | 22.7x | 65.7x | 0.4x |
| Sun, 29 Dec 2024 | €25.7b | €62.6b | €368.0m | 20.7x | 69.9x | 0.4x |
| Tue, 26 Nov 2024 | €23.2b | €62.6b | €338.2m | 11.1x | 68.6x | 0.4x |
| Thu, 24 Oct 2024 | €22.9b | €61.5b | €309.2m | 10.8x | 73.9x | 0.4x |
| Sat, 21 Sep 2024 | €21.9b | €61.6b | €273.2m | 16.1x | 80x | 0.4x |
| Mon, 19 Aug 2024 | €20.4b | €61.1b | €203.0m | 21.6x | 100.7x | 0.3x |
| Wed, 17 Jul 2024 | €20.4b | €60.6b | €163.3m | 24.5x | 125.1x | 0.3x |
| Fri, 14 Jun 2024 | €20.9b | €60.6b | €120.1m | 24.4x | 174.3x | 0.3x |
| Sun, 12 May 2024 | €19.0b | €56.0b | -€125,370,503.00 | 31.5x | -151.9x | 0.3x |
| Tue, 09 Apr 2024 | €17.8b | €56.0b | -€233,360,503.00 | 30.9x | -76.4x | 0.3x |
| Thu, 07 Mar 2024 | €15.6b | €56.4b | -€166,356,503.00 | 30.1x | -94.1x | 0.3x |
| Sat, 03 Feb 2024 | €16.1b | €57.1b | -€226,756,503.00 | 30x | -71.2x | 0.3x |
| Mon, 01 Jan 2024 | €17.9b | €57.1b | -€278,356,503.00 | 32.1x | -64.3x | 0.3x |
| Wed, 29 Nov 2023 | €17.7b | €57.1b | -€168,471,836.00 | 40.9x | -105.2x | 0.3x |
| Fri, 27 Oct 2023 | €16.6b | €57.5b | -€250,592,836.00 | 44.4x | -66.4x | 0.3x |
| Sun, 24 Sep 2023 | €18.1b | €57.5b | -€251,559,836.00 | 47.1x | -72.1x | 0.3x |
| Tue, 22 Aug 2023 | €20.0b | €57.9b | -€291,905,168.00 | 58x | -68.7x | 0.3x |
| Thu, 20 Jul 2023 | €21.8b | €58.2b | -€257,666,173.00 | 13.8x | -84.7x | 0.4x |
| Sat, 17 Jun 2023 | €20.5b | €60.3b | -€262,117,222.00 | 14.4x | -78.2x | 0.3x |
-78.2x
Which industries have driven the changes within the German Consumer Discretionary industry?
| DE Market | -2.87% | |
| Consumer Discretionary | -3.83% | |
| Specialty Stores | -1.99% | |
| Apparel Retail | 3.43% | |
| Home Improvement Retail | -0.25% | |
| Home Furnishing Retail | -0.99% | |
| Automotive Retail | -2.69% | |
| Specialty Stores | -4.64% | |
| Computer and Electronics Retail | -10.67% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ZAL Zalando | €24.50 | 3.9% +€221.8m | -17.1% | PE50.2x | |
| HBM HORNBACH Baumarkt | €65.00 | 0.8% +€15.9m | 0% | PE19x | |
| DEX Delticom | €2.56 | 1.6% +€585.2k | 3.2% | PE9.2x | |
| MRX Mister Spex | €1.28 | 0.8% +€343.1k | -16.1% | PS0.2x | |
| PH6 Philion | €0.036 | 12.3% +€8.0k | -46.3% | n/a |