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German (DAX) Financials Sector Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies132
- 7D-0.6%
- 3M7.1%
- 1Y19.8%
- YTD8.2%
Over the last 7 days, the Financials industry has remained flat. As for the the longer term, the industry is up 20% over the past 12 months. Looking forward, earnings are forecast to grow by 7.3% annually.
Sector Valuation and Performance
Has the German Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | €311.2b | €310.1b | €26.3b | 15.8x | 11.8x | 1x |
| Fri, 22 Mar 2024 | €320.0b | €316.8b | €26.2b | 13.6x | 12.2x | 1x |
| Sun, 18 Feb 2024 | €294.1b | €325.5b | €24.4b | 13.3x | 12.1x | 0.9x |
| Tue, 16 Jan 2024 | €292.6b | €329.5b | €24.8b | 14.9x | 11.8x | 0.9x |
| Thu, 14 Dec 2023 | €293.9b | €329.6b | €24.9b | 14.2x | 11.8x | 0.9x |
| Sat, 11 Nov 2023 | €256.5b | €330.5b | €23.0b | 13.7x | 11.2x | 0.8x |
| Mon, 09 Oct 2023 | €271.7b | €340.3b | €24.3b | 13.1x | 11.2x | 0.8x |
| Wed, 06 Sep 2023 | €265.6b | €349.4b | €23.4b | 14.4x | 11.4x | 0.8x |
| Fri, 04 Aug 2023 | €260.4b | €331.5b | €23.3b | 15.1x | 11.2x | 0.8x |
| Sun, 02 Jul 2023 | €259.4b | €331.5b | €24.4b | 15.4x | 10.6x | 0.8x |
| Tue, 30 May 2023 | €254.8b | €331.7b | €24.5b | 12.6x | 10.4x | 0.8x |
| Thu, 27 Apr 2023 | €262.6b | €326.0b | €22.2b | 13.2x | 11.8x | 0.8x |
| Sat, 25 Mar 2023 | €241.3b | €327.4b | €22.6b | 10.8x | 10.7x | 0.7x |
| Mon, 20 Feb 2023 | €259.8b | €316.6b | €19.1b | 12.5x | 13.6x | 0.8x |
| Wed, 18 Jan 2023 | €256.6b | €317.5b | €17.5b | 11.4x | 14.7x | 0.8x |
| Fri, 16 Dec 2022 | €236.3b | €317.5b | €17.5b | 10x | 13.5x | 0.7x |
| Sun, 13 Nov 2022 | €234.8b | €315.0b | €17.3b | 10.8x | 13.6x | 0.7x |
| Tue, 11 Oct 2022 | €205.2b | €310.2b | €16.6b | 10.9x | 12.4x | 0.7x |
| Thu, 08 Sep 2022 | €209.8b | €313.0b | €16.6b | 10.4x | 12.7x | 0.7x |
| Sat, 06 Aug 2022 | €214.0b | €318.0b | €19.6b | 11x | 10.9x | 0.7x |
| Mon, 04 Jul 2022 | €208.9b | €315.8b | €16.5b | 11x | 12.7x | 0.7x |
| Wed, 01 Jun 2022 | €226.7b | €315.9b | €16.5b | 12.8x | 13.7x | 0.7x |
| Fri, 29 Apr 2022 | €234.4b | €316.0b | €18.3b | 13x | 12.8x | 0.7x |
| Sun, 27 Mar 2022 | €241.7b | €317.3b | €18.1b | 13.3x | 13.3x | 0.8x |
| Tue, 22 Feb 2022 | €249.4b | €316.7b | €16.1b | 14x | 15.5x | 0.8x |
| Thu, 20 Jan 2022 | €257.0b | €317.3b | €16.1b | 14.4x | 16x | 0.8x |
| Sat, 18 Dec 2021 | €239.2b | €317.3b | €16.1b | 14.6x | 14.9x | 0.8x |
| Mon, 15 Nov 2021 | €242.1b | €315.4b | €16.0b | 15.9x | 15.2x | 0.8x |
| Wed, 13 Oct 2021 | €233.5b | €312.2b | €15.0b | 15x | 15.6x | 0.7x |
| Fri, 10 Sep 2021 | €230.1b | €311.5b | €15.0b | 16.5x | 15.4x | 0.7x |
| Sun, 08 Aug 2021 | €229.7b | €310.5b | €14.9b | 15.6x | 15.4x | 0.7x |
| Sat, 01 May 2021 | €240.6b | €310.2b | €13.1b | 15x | 18.3x | 0.8x |
Price to Earnings Ratio
18.3x
Current Industry PE
- Investors are pessimistic on the German Financials industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.8x which is lower than its 3-year average PE of 13.3x.
- The 3-year average PS ratio of 0.78x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 26% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the German Financials sector?
| DE Market | -1.97% | |
| Financials | -0.55% | |
| Banks | 3.49% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | -0.75% | |
| Insurance | -0.77% | |
| Diversified Financial | -0.78% | |
| Consumer Finance | -9.75% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 20.6x.
- Analysts are expecting annual earnings growth of 25.5%, which is higher than its past year's earnings decline of 25.3% per year.
- Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 6.2x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings decline of 25% per year.
- In contrast, the Capital Markets industry is expected to see its earnings grow by 6.0% 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 | |
|---|---|---|---|---|---|
| ALV Allianz | €270.50 | 4.4% +€4.5b | 20.7% | PE12.6x | |
| MUV2 Münchener Rückversicherungs-Gesellschaft in München | €435.00 | 5.8% +€3.2b | 28.9% | PE12.6x | |
| DBK Deutsche Bank | €15.40 | 6.6% +€1.9b | 61.8% | PE7.1x | |
| CBK Commerzbank | €13.88 | 8.4% +€1.3b | 34.3% | PB0.5x | |
| HNR1 Hannover Rück | €235.20 | 2.3% +€639.2m | 23.3% | PE15.5x |
