Mensch und Maschine Software SE (ETR:MUM) Analysts Just Slashed Next Year's Revenue Estimates By 11%
Feb 21
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German (DAX) Software Industry Analysis
UpdatedFeb 21, 2025
DataAggregated Company Financials
Companies41
- 7D-2.0%
- 3M21.1%
- 1Y60.7%
- YTD15.1%
Over the last 7 days, the Software industry has dropped 2.0%, driven by SAP declining 1.2%. Over the past 12 months, the industry was up 61%. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the German Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Feb 2025 | €344.2b | €38.5b | €3.3b | 22.4x | 103.4x | 8.9x |
| Mon, 20 Jan 2025 | €320.6b | €37.4b | €2.9b | 24x | 109x | 8.6x |
| Wed, 18 Dec 2024 | €298.8b | €37.4b | €2.9b | 22.8x | 101.6x | 8x |
| Fri, 15 Nov 2024 | €278.0b | €37.2b | €2.9b | 24.4x | 94.4x | 7.5x |
| Sun, 13 Oct 2024 | €263.3b | €36.6b | €2.8b | 26.6x | 95.6x | 7.2x |
| Tue, 10 Sep 2024 | €243.5b | €36.6b | €2.7b | 26.3x | 88.6x | 6.7x |
| Thu, 08 Aug 2024 | €240.6b | €37.6b | €2.7b | 26.8x | 89.3x | 6.4x |
| Sat, 06 Jul 2024 | €239.0b | €36.1b | €2.8b | 24.3x | 85.9x | 6.6x |
| Mon, 03 Jun 2024 | €211.1b | €36.5b | €2.6b | 22x | 82.5x | 5.8x |
| Wed, 01 May 2024 | €218.1b | €37.1b | €2.7b | 22.1x | 82x | 5.9x |
| Fri, 29 Mar 2024 | €232.4b | €36.5b | €3.9b | 20.5x | 60.3x | 6.4x |
| Sun, 25 Feb 2024 | €219.2b | €36.2b | €4.1b | 20.7x | 54x | 6.1x |
| Tue, 23 Jan 2024 | €199.2b | €38.0b | €2.3b | 24x | 87.4x | 5.2x |
| Thu, 21 Dec 2023 | €185.2b | €38.0b | €2.3b | 25.5x | 81.3x | 4.9x |
| Sat, 18 Nov 2023 | €182.8b | €38.0b | €2.3b | 23.4x | 80.7x | 4.8x |
| Mon, 16 Oct 2023 | €162.6b | €37.6b | €1.8b | 26.8x | 89.8x | 4.3x |
| Wed, 13 Sep 2023 | €168.6b | €37.6b | €1.8b | 27.1x | 91.7x | 4.5x |
| Fri, 11 Aug 2023 | €168.1b | €37.6b | €1.8b | 28.7x | 91.5x | 4.5x |
| Sun, 09 Jul 2023 | €163.3b | €37.2b | €1.9b | 31.2x | 84.6x | 4.4x |
| Tue, 06 Jun 2023 | €167.4b | €37.4b | €2.2b | 30.3x | 74.5x | 4.5x |
| Thu, 04 May 2023 | €165.8b | €37.3b | €2.3b | 29.5x | 72.3x | 4.4x |
| Sat, 01 Apr 2023 | €155.8b | €36.3b | €2.9b | 27.3x | 53.8x | 4.3x |
| Mon, 27 Feb 2023 | €143.7b | €36.6b | €2.9b | 25.7x | 49.8x | 3.9x |
| Wed, 25 Jan 2023 | €142.9b | €36.0b | €3.8b | 26x | 37.4x | 4x |
| Fri, 23 Dec 2022 | €130.9b | €35.9b | €3.8b | 24.9x | 34.4x | 3.6x |
| Sun, 20 Nov 2022 | €135.0b | €35.9b | €3.8b | 26.8x | 35.5x | 3.8x |
| Tue, 18 Oct 2022 | €118.4b | €34.8b | €4.5b | 23x | 26.1x | 3.4x |
| Thu, 15 Sep 2022 | €118.8b | €34.7b | €4.5b | 25.3x | 26.3x | 3.4x |
| Sat, 13 Aug 2022 | €130.7b | €34.5b | €4.2b | 28.3x | 30.9x | 3.8x |
| Mon, 11 Jul 2022 | €124.8b | €33.5b | €5.3b | 25.4x | 23.7x | 3.7x |
| Wed, 08 Jun 2022 | €133.7b | €33.5b | €5.1b | 29.2x | 26.5x | 4x |
| Fri, 06 May 2022 | €135.7b | €33.4b | €5.0b | 28.5x | 27x | 4.1x |
| Sun, 03 Apr 2022 | €144.4b | €32.6b | €5.3b | 28.7x | 27.2x | 4.4x |
| Tue, 01 Mar 2022 | €147.4b | €32.7b | €5.3b | 33.2x | 27.8x | 4.5x |
Price to Earnings Ratio
27.8x
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 103x which is higher than its 3-year average PE of 64.4x.
- The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 8.9x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 14% per year over the last three years.
- Meanwhile revenues for these companies have grown 5.6% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the German Tech industry?
| DE Market | -1.32% | |
| Tech | -1.27% | |
| Software | -1.98% | |
| Systems Software | -1.06% | |
| Application Software | -1.98% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 62.6x.
- Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings growth of 8.0% per year.
- Investors are most pessimistic about the Systems Software industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 29% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 25% 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 | |
|---|---|---|---|---|---|
| AOF ATOSS Software | €117.60 | 0.5% +€9.5m | -0.8% | PE42.6x | |
| GKS0 GK Software | €270.00 | 1.5% +€9.1m | 31.1% | PS3.6x | |
| TMV TeamViewer | €12.69 | 0.4% +€7.0m | -11.5% | PE16.1x | |
| OSP2 USU Software | €23.00 | 1.8% +€4.0m | n/a | PE38.4x | |
| IVU IVU Traffic Technologies | €16.10 | 0.9% +€2.6m | 15.0% | PE22.6x |
