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German (DAX) Financials Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies135
- 7D1.0%
- 3M4.1%
- 1Y22.9%
- YTD18.4%
In the last week, the Financials industry is up 1.0%, with Talanx up 6.2%. This means that the industry has gained 23% over the past year. Looking forward, earnings are forecast to grow by 6.8% 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 |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | €335.3b | €310.4b | €28.5b | 14.9x | 11.7x | 1.1x |
| Sat, 19 Oct 2024 | €354.7b | €313.3b | €27.6b | 15x | 12.9x | 1.1x |
| Mon, 16 Sep 2024 | €338.1b | €313.1b | €27.6b | 15.1x | 12.3x | 1.1x |
| Wed, 14 Aug 2024 | €305.2b | €310.8b | €27.9b | 15.6x | 10.9x | 1x |
| Fri, 12 Jul 2024 | €321.3b | €303.5b | €28.1b | 16.1x | 11.5x | 1.1x |
| Sun, 09 Jun 2024 | €323.1b | €303.6b | €28.2b | 14.9x | 11.5x | 1.1x |
| Tue, 07 May 2024 | €317.0b | €300.8b | €26.5b | 15.5x | 12x | 1.1x |
| Thu, 04 Apr 2024 | €324.1b | €309.4b | €26.2b | 14.9x | 12.4x | 1x |
| Sat, 02 Mar 2024 | €301.4b | €320.8b | €24.5b | 13.4x | 12.3x | 0.9x |
| Mon, 29 Jan 2024 | €295.3b | €329.5b | €24.8b | 14.7x | 11.9x | 0.9x |
| Wed, 27 Dec 2023 | €290.8b | €329.6b | €24.8b | 14.8x | 11.7x | 0.9x |
| Fri, 24 Nov 2023 | €282.8b | €329.8b | €25.0b | 14.3x | 11.3x | 0.9x |
| Sun, 22 Oct 2023 | €263.7b | €340.4b | €24.3b | 13.5x | 10.8x | 0.8x |
| Tue, 19 Sep 2023 | €275.0b | €351.2b | €24.3b | 13.7x | 11.3x | 0.8x |
| Thu, 17 Aug 2023 | €265.9b | €347.3b | €23.4b | 14.4x | 11.3x | 0.8x |
| Sat, 15 Jul 2023 | €256.3b | €331.7b | €24.4b | 14.1x | 10.5x | 0.8x |
| Mon, 12 Jun 2023 | €253.4b | €331.8b | €24.5b | 13.8x | 10.3x | 0.8x |
| Wed, 10 May 2023 | €259.1b | €326.4b | €22.3b | 14x | 11.6x | 0.8x |
| Fri, 07 Apr 2023 | €256.3b | €326.2b | €22.7b | 11.9x | 11.3x | 0.8x |
| Sun, 05 Mar 2023 | €260.1b | €324.8b | €22.3b | 13x | 11.7x | 0.8x |
| Tue, 31 Jan 2023 | €260.3b | €317.5b | €17.5b | 11.6x | 14.9x | 0.8x |
| Thu, 29 Dec 2022 | €241.3b | €317.5b | €17.5b | 10.4x | 13.8x | 0.8x |
| Sat, 26 Nov 2022 | €242.7b | €315.2b | €17.5b | 10.7x | 13.9x | 0.8x |
| Mon, 24 Oct 2022 | €213.1b | €310.5b | €16.7b | 10.8x | 12.8x | 0.7x |
| Wed, 21 Sep 2022 | €214.9b | €312.0b | €16.6b | 10.7x | 13x | 0.7x |
| Fri, 19 Aug 2022 | €214.6b | €313.1b | €16.6b | 11.3x | 12.9x | 0.7x |
| Sun, 17 Jul 2022 | €202.9b | €315.8b | €16.5b | 10.4x | 12.3x | 0.6x |
| Tue, 14 Jun 2022 | €212.5b | €315.9b | €16.6b | 13.1x | 12.8x | 0.7x |
| Thu, 12 May 2022 | €225.8b | €317.4b | €18.4b | 12.8x | 12.3x | 0.7x |
| Sat, 09 Apr 2022 | €243.5b | €315.2b | €18.1b | 13.4x | 13.5x | 0.8x |
| Mon, 07 Mar 2022 | €214.3b | €311.8b | €14.6b | 12.5x | 14.7x | 0.7x |
| Wed, 02 Feb 2022 | €260.9b | €316.5b | €16.4b | 13.8x | 15.9x | 0.8x |
| Fri, 31 Dec 2021 | €243.3b | €317.3b | €16.1b | 14.5x | 15.1x | 0.8x |
| Sun, 28 Nov 2021 | €228.3b | €316.2b | €16.0b | 14.5x | 14.3x | 0.7x |
Price to Earnings Ratio
14.3x
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 12.5x.
- The 3-year average PS ratio of 0.84x 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 | -0.41% | |
| Financials | 1.02% | |
| Capital Markets | 1.39% | |
| Insurance | 0.94% | |
| Banks | 0.72% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Consumer Finance | -0.66% | |
| Diversified Financial | -1.09% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 18.9x.
- Analysts are expecting annual earnings growth of 37.7%, 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 8.2x.
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 5.2% 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 | |
|---|---|---|---|---|---|
| TLX Talanx | €77.55 | 6.2% +€1.2b | 18.9% | PE10.6x | |
| MUV2 Münchener Rückversicherungs-Gesellschaft in München | €475.00 | 1.4% +€827.3m | 22.9% | PE11x | |
| DBK Deutsche Bank | €15.90 | 2.0% +€618.2m | 43.0% | PE7.9x | |
| DB1 Deutsche Börse | €211.50 | 1.6% +€605.3m | 22.6% | PE21x | |
| ALV Allianz | €285.30 | 0.2% +€270.1m | 23.5% | PE11.6x |