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German (DAX) Financials Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies131
- 7D-3.0%
- 3M1.8%
- 1Y22.0%
- YTD21.6%
Over the last 7 days, the Financials industry has dropped 3.0%, driven by pullbacks in Münchener Rückversicherungs-Gesellschaft in München and Allianz of 4.5% and 2.5%, respectively. Over the past 12 months, the industry was up 22%. Earnings are forecast to grow by 6.9% 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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | €344.3b | €310.5b | €28.6b | 13.6x | 12.1x | 1.1x |
| Mon, 18 Nov 2024 | €336.8b | €310.3b | €28.6b | 14.9x | 11.8x | 1.1x |
| Wed, 16 Oct 2024 | €353.7b | €313.5b | €27.6b | 15.3x | 12.8x | 1.1x |
| Fri, 13 Sep 2024 | €335.0b | €313.1b | €27.6b | 15.2x | 12.1x | 1.1x |
| Sun, 11 Aug 2024 | €301.6b | €308.0b | €27.8b | 15.6x | 10.8x | 1x |
| Tue, 09 Jul 2024 | €321.1b | €303.5b | €28.0b | 16.4x | 11.5x | 1.1x |
| Thu, 06 Jun 2024 | €322.6b | €303.6b | €28.2b | 15.1x | 11.4x | 1.1x |
| Sat, 04 May 2024 | €311.5b | €300.8b | €26.5b | 15.2x | 11.8x | 1x |
| Mon, 01 Apr 2024 | €326.7b | €309.4b | €26.2b | 14.6x | 12.5x | 1.1x |
| Wed, 28 Feb 2024 | €298.4b | €320.7b | €24.5b | 13.2x | 12.2x | 0.9x |
| Fri, 26 Jan 2024 | €294.9b | €329.5b | €24.8b | 14.9x | 11.9x | 0.9x |
| Sun, 24 Dec 2023 | €290.8b | €329.6b | €24.8b | 14.8x | 11.7x | 0.9x |
| Tue, 21 Nov 2023 | €279.5b | €330.0b | €25.0b | 13.9x | 11.2x | 0.8x |
| Thu, 19 Oct 2023 | €269.4b | €340.3b | €24.3b | 13.6x | 11.1x | 0.8x |
| Sat, 16 Sep 2023 | €275.8b | €350.6b | €24.3b | 14.8x | 11.4x | 0.8x |
| Mon, 14 Aug 2023 | €265.9b | €347.3b | €23.4b | 14.6x | 11.4x | 0.8x |
| Wed, 12 Jul 2023 | €252.7b | €331.7b | €24.4b | 14.3x | 10.4x | 0.8x |
| Fri, 09 Jun 2023 | €255.1b | €331.8b | €24.5b | 14x | 10.4x | 0.8x |
| Sun, 07 May 2023 | €257.7b | €326.4b | €22.3b | 13.9x | 11.5x | 0.8x |
| Tue, 04 Apr 2023 | €248.7b | €325.6b | €22.5b | 10.7x | 11x | 0.8x |
| Thu, 02 Mar 2023 | €259.8b | €324.8b | €22.3b | 13x | 11.7x | 0.8x |
| Sat, 28 Jan 2023 | €260.7b | €317.5b | €17.5b | 11.8x | 14.9x | 0.8x |
| Mon, 26 Dec 2022 | €241.7b | €317.5b | €17.5b | 10.4x | 13.8x | 0.8x |
| Wed, 23 Nov 2022 | €240.8b | €315.2b | €17.5b | 10.6x | 13.8x | 0.8x |
| Fri, 21 Oct 2022 | €210.4b | €310.2b | €16.6b | 10.8x | 12.7x | 0.7x |
| Sun, 18 Sep 2022 | €218.0b | €313.1b | €16.6b | 11.1x | 13.2x | 0.7x |
| Tue, 16 Aug 2022 | €215.5b | €313.1b | €16.7b | 11.2x | 12.9x | 0.7x |
| Thu, 14 Jul 2022 | €205.5b | €315.8b | €16.5b | 10.5x | 12.4x | 0.7x |
| Sat, 11 Jun 2022 | €214.6b | €315.9b | €16.6b | 13.2x | 12.9x | 0.7x |
| Mon, 09 May 2022 | €219.4b | €317.0b | €18.4b | 13.1x | 11.9x | 0.7x |
| Wed, 06 Apr 2022 | €243.0b | €315.2b | €18.1b | 13.2x | 13.4x | 0.8x |
| Fri, 04 Mar 2022 | €225.1b | €316.3b | €14.6b | 12.5x | 15.4x | 0.7x |
| Sun, 30 Jan 2022 | €257.9b | €317.4b | €16.1b | 13.7x | 16x | 0.8x |
| Tue, 28 Dec 2021 | €243.3b | €317.3b | €16.1b | 14.6x | 15.1x | 0.8x |
Price to Earnings Ratio
15.1x
Current Industry PE
- Investors are relatively neutral on the German Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 12.4x.
- The 3-year average PS ratio of 0.85x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 21% 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 | -2.58% | |
| Financials | -2.97% | |
| Banks | 0.71% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Capital Markets | -2.02% | |
| Diversified Financial | -2.06% | |
| Consumer Finance | -3.51% | |
| Insurance | -3.65% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry, which is trading close to its 3-year average PE ratio of 18.7x.
- Analysts are expecting annual earnings growth of 38.4%, which is higher than its past year's earnings decline of 11.0% per year.
- Investors are most pessimistic about the Banks industry, which is trading close to its 3-year average of 8.5x.
Forecasted Growth
- Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 5.5% 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 | |
|---|---|---|---|---|---|
| CBK Commerzbank | €15.25 | 0.9% +€165.9m | 41.6% | PB0.5x | |
| DB1 Deutsche Börse | €223.80 | 0.4% +€165.1m | 21.6% | PE22.2x | |
| ECS Eight Capital Partners | €0.001 | 100.0% +€93.7m | 100.0% | PS2130.7x | |
| T2G Tradegate Wertpapierhandelsbank | €88.50 | 1.1% +€24.4m | -18.8% | PE86.6x | |
| BFV Berliner Effektengesellschaft | €63.50 | 1.6% +€13.2m | -9.3% | PE60.9x |
