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Has the German Commercial Services Industry valuation changed over the past few years?
|Sat, 04 Dec 2021||€5.2b||€5.9b||€385.5m||19.6x|
|Mon, 01 Nov 2021||€5.5b||€5.7b||€326.3m||21.8x|
|Wed, 29 Sep 2021||€5.7b||€5.7b||€311.4m||21.2x|
|Fri, 27 Aug 2021||€5.7b||€5.7b||€311.6m||17.3x|
|Sat, 03 Jul 2021||€5.5b||€5.7b||€311.6m||16.2x|
|Tue, 06 Apr 2021||€5.0b||€5.5b||€240.1m||14x|
|Fri, 08 Jan 2021||€4.3b||€5.5b||€187.3m||12.8x|
|Thu, 01 Oct 2020||€3.3b||€5.7b||-€15,406,822.00||19.1x|
|Sun, 05 Jul 2020||€3.3b||€6.0b||€8.5m||18.4x|
|Wed, 08 Apr 2020||€2.8b||€6.4b||€73.3m||12x|
|Tue, 31 Dec 2019||€4.2b||€6.6b||€102.0m||19.9x|
|Fri, 04 Oct 2019||€3.7b||€6.6b||€107.0m||13.7x|
|Mon, 08 Jul 2019||€3.9b||€6.5b||€108.9m||16.4x|
|Sun, 31 Mar 2019||€4.1b||€6.5b||€135.7m||14.2x|
|Wed, 02 Jan 2019||€3.7b||€6.4b||€118.1m||11.1x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 16.1x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Commercial Services industry have grown 48% per year over the last three years, while revenues for these companies have declined 3.0% per year. This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Which industries have driven the changes within the German Commercial Services industry?
|Environmental and Facilities Services||0.94%|
|Diversified Support Services||-1.54%|
|Office Services and Supplies||-1.83%|
|Security and Alarm Services||-5.95%|
Industry PE: Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio of 22.7x. However analysts are expecting annual earnings growth of 25%, which is lower than the prior year's growth of 45% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Diversified Support Services industry, which is trading below its 3-year average of 104x.
Forecasted Growth: Analysts are most optimistic on the Office Services and Supplies industry, expecting annual earnings growth of 100% over the next 5 years. This is better than its past earnings decline of 6.1% per year. Meanwhile, the Diversified Support Services industry is expected to see its earnings grow by 3.6% per year over the next few years.
CEWE Stiftung KGaA
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