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German (DAX) IT Industry Analysis
UpdatedDec 02, 2024
DataAggregated Company Financials
Companies26
- 7D-2.1%
- 3M-4.2%
- 1Y-16.8%
- YTD-20.0%
Over the last 7 days, the IT industry has dropped 2.1%, driven by a pullback from Bechtle of 3.1%. Overall the industry is down 17% in 12 months. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the German IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 02 Dec 2024 | €10.6b | €15.8b | €558.4m | 18.4x | 18.9x | 0.7x |
| Wed, 30 Oct 2024 | €10.8b | €15.5b | €551.9m | 18.1x | 19.5x | 0.7x |
| Fri, 27 Sep 2024 | €11.5b | €15.5b | €563.9m | 19.2x | 20.4x | 0.7x |
| Sun, 25 Aug 2024 | €11.5b | €15.2b | €559.1m | 18.8x | 20.5x | 0.8x |
| Tue, 23 Jul 2024 | €12.3b | €15.3b | €546.1m | 20.1x | 22.6x | 0.8x |
| Thu, 20 Jun 2024 | €12.8b | €15.3b | €545.4m | 20.1x | 23.5x | 0.8x |
| Sat, 18 May 2024 | €13.4b | €15.1b | €546.2m | 20.9x | 24.5x | 0.9x |
| Mon, 15 Apr 2024 | €13.4b | €15.0b | €546.8m | 20.8x | 24.6x | 0.9x |
| Wed, 13 Mar 2024 | €13.7b | €14.7b | €445.4m | 23.5x | 30.7x | 0.9x |
| Fri, 09 Feb 2024 | €14.1b | €14.7b | €459.7m | 22.2x | 30.7x | 1x |
| Sun, 07 Jan 2024 | €13.0b | €14.8b | €458.9m | 20.9x | 28.3x | 0.9x |
| Tue, 05 Dec 2023 | €12.9b | €14.8b | €462.4m | 20.8x | 28x | 0.9x |
| Thu, 02 Nov 2023 | €12.1b | €14.6b | €461.0m | 19.5x | 26.2x | 0.8x |
| Sat, 30 Sep 2023 | €12.9b | €14.6b | €458.4m | 19.6x | 28.2x | 0.9x |
| Mon, 28 Aug 2023 | €13.2b | €14.6b | €458.0m | 19.1x | 28.9x | 0.9x |
| Wed, 26 Jul 2023 | €12.7b | €14.3b | €487.8m | 18.1x | 26x | 0.9x |
| Fri, 23 Jun 2023 | €12.8b | €14.3b | €486.9m | 18.5x | 26.2x | 0.9x |
| Sun, 21 May 2023 | €13.1b | €14.2b | €489.4m | 20.4x | 26.7x | 0.9x |
| Tue, 18 Apr 2023 | €14.2b | €13.8b | €486.7m | 21.8x | 29.2x | 1x |
| Thu, 16 Mar 2023 | €13.6b | €13.8b | €579.4m | 22.5x | 23.5x | 1x |
| Sat, 11 Feb 2023 | €14.7b | €13.7b | €579.0m | 24.8x | 25.4x | 1.1x |
| Mon, 09 Jan 2023 | €13.2b | €13.7b | €576.6m | 23.3x | 22.8x | 1x |
| Wed, 07 Dec 2022 | €13.2b | €13.2b | €580.1m | 23.5x | 22.8x | 1x |
| Fri, 04 Nov 2022 | €12.3b | €13.2b | €592.2m | 20.5x | 20.7x | 0.9x |
| Sun, 02 Oct 2022 | €12.2b | €13.2b | €594.4m | 19.2x | 20.4x | 0.9x |
| Tue, 30 Aug 2022 | €13.7b | €13.2b | €592.4m | 22.2x | 23.2x | 1x |
| Thu, 28 Jul 2022 | €15.0b | €12.8b | €573.7m | 24.8x | 26.1x | 1.2x |
| Sat, 25 Jun 2022 | €14.9b | €12.8b | €573.2m | 25.8x | 26x | 1.2x |
| Mon, 23 May 2022 | €16.0b | €12.7b | €572.7m | 26.9x | 28x | 1.3x |
| Wed, 20 Apr 2022 | €17.8b | €12.3b | €541.5m | 28.6x | 32.8x | 1.4x |
| Fri, 18 Mar 2022 | €18.7b | €13.6b | €568.9m | 27.2x | 32.8x | 1.4x |
| Sun, 13 Feb 2022 | €17.8b | €13.6b | €562.3m | 29.7x | 31.6x | 1.3x |
| Tue, 11 Jan 2022 | €19.9b | €13.5b | €560.6m | 35.4x | 35.4x | 1.5x |
| Thu, 09 Dec 2021 | €21.8b | €13.5b | €561.4m | 33.4x | 38.8x | 1.6x |
Price to Earnings Ratio
38.8x
Current Industry PE
- Investors are pessimistic on the German IT 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 18.9x which is lower than its 3-year average PE of 26.4x.
- The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.67x.
Past Earnings Growth
- The earnings for companies in the IT industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 5.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the German Tech industry?
| DE Market | 0.72% | |
| Tech | 0.81% | |
| IT | -2.14% | |
| Internet Services and Infrastructure | 0.95% | |
| Data Processing Services | 0% | |
| IT Consulting | -2.17% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry even though it's trading below its 3-year average PE ratio of 25.5x.
- Analysts are expecting annual earnings growth of 13.7%, which is lower than the prior year's growth of 16.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 118% over the next 5 years.
- This is better than its past earnings decline of 23% per year.
- In contrast, the IT Consulting industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| A1OS All for One Group | €55.00 | 5.8% +€14.6m | 26.1% | PE18.4x | |
| COK Cancom | €23.56 | 1.8% +€13.2m | -8.5% | PE18.4x | |
| D6H DATAGROUP | €45.70 | 3.0% +€11.2m | -13.3% | PE14.5x | |
| C1V mVISE | €0.46 | 17.9% +€1.5m | -43.2% | PS0.9x | |
| NA9 Nagarro | €98.10 | 0.1% +€1.3m | 21.9% | PE24.1x |
