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German (DAX) Software Industry Analysis

UpdatedDec 08, 2022
DataAggregated Company Financials
Companies44
  • 7D-1.5%
  • 3M15.7%
  • 1Y-20.3%
  • YTD-23.4%

The Software is pretty flat in the last 7 days, but Nemetschek has stood out, gaining 3.1%. Unfortunately though, the industry is down 21% over the past 12 months. Looking forward, earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

Has the German Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Dec 2022€132.4b€35.9b€3.8b26.7x34.8x3.7x
Sat, 05 Nov 2022€124.1b€35.9b€3.8b23.2x32.5x3.5x
Mon, 03 Oct 2022€114.1b€34.8b€4.5b22.1x25.1x3.3x
Wed, 31 Aug 2022€118.3b€34.5b€4.2b26.5x27.9x3.4x
Fri, 29 Jul 2022€123.5b€34.4b€4.2b28.4x29.1x3.6x
Sun, 26 Jun 2022€128.7b€33.5b€5.1b26x25.5x3.8x
Tue, 24 May 2022€131.5b€33.5b€5.0b30.3x26.1x3.9x
Thu, 21 Apr 2022€141.7b€32.6b€5.3b27.3x26.7x4.3x
Sat, 19 Mar 2022€150.2b€32.8b€5.3b32.1x28.3x4.6x
Mon, 14 Feb 2022€155.2b€32.7b€5.3b35x29.3x4.7x
Wed, 12 Jan 2022€174.4b€32.2b€5.8b35.4x30.3x5.4x
Fri, 10 Dec 2021€175.1b€32.2b€5.8b35.2x30.2x5.4x
Sun, 07 Nov 2021€188.1b€32.6b€5.8b41.2x32.5x5.8x
Tue, 05 Oct 2021€169.3b€32.2b€6.0b40.6x28.4x5.3x
Thu, 02 Sep 2021€182.9b€32.1b€6.0b41.4x30.5x5.7x
Sat, 31 Jul 2021€175.1b€32.1b€6.0b43.1x29.2x5.5x
Tue, 04 May 2021€165.8b€31.6b€5.7b37.8x29.3x5.2x
Fri, 05 Feb 2021€152.1b€31.7b€5.4b39.7x28x4.8x
Mon, 09 Nov 2020€132.9b€32.1b€5.2b22x25.6x4.1x
Sun, 02 Aug 2020€185.2b€32.3b€4.9b26x37.6x5.7x
Wed, 06 May 2020€152.6b€32.1b€4.6b22x33x4.8x
Sat, 08 Feb 2020€161.3b€31.5b€3.7b22.9x43.4x5.1x
Price to Earnings Ratio

44.1x


Total Market Cap: €164.0bTotal Earnings: €3.7bTotal Revenue: €31.5bTotal Market Cap vs Earnings and Revenue0%0%0%
German Software Industry Price to Earnings3Y Average 31.1x20212022
Current Industry PE
  • Investors are optimistic on the German Software industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.0x which is higher than its 3-year average PE of 31.1x.
  • The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Software industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% 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-1.21%
Tech-1.38%
Software-1.54%
Systems Software0.15%
Application Software-1.61%
Industry PE
  • Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 30.2x.
    • Analysts are expecting annual earnings growth of 26.2%, which is higher than its past year's earnings growth of 14.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 71% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Application Software industry is expected to see its earnings grow by 26% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NEM Nemetschek€48.043.1%
+€166.3m
-56.5%PE33.5x
TMV TeamViewer€12.572.2%
+€47.8m
7.8%PE31.2x
SOW Software€24.821.8%
+€32.6m
-36.8%PE37.6x
AOF ATOSS Software€147.601.8%
+€20.7m
-31.8%PE57.5x
IVU IVU Traffic Technologies€17.507.1%
+€20.0m
-12.5%PE30.4x
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Latest News

MUM

€47.60

Mensch und Maschine Software

7D

-4.1%

1Y

-28.8%

TMV

€12.57

TeamViewer

7D

2.2%

1Y

7.8%

GKS

€139.20

GK Software

7D

-3.3%

1Y

-8.7%

PSAN

€23.05

PSI Software

7D

1.8%

1Y

-51.0%

NB2

€7.01

Northern Data

7D

-12.6%

1Y

-92.5%

SUSE

€18.49

SUSE

7D

-1.2%

1Y

-49.8%

FAA

€22.10

Fabasoft

7D

3.5%

1Y

-35.8%

CLIQ

€26.65

Cliq Digital

7D

2.9%

1Y

15.4%