Mensch und Maschine Software's (ETR:MUM) Performance Is Even Better Than Its Earnings Suggest
Oct 26
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German (DAX) Software Industry Analysis
UpdatedOct 31, 2024
DataAggregated Company Financials
Companies40
- 7D0.3%
- 3M14.2%
- 1Y66.9%
- YTD55.7%
In the last week, the Software industry is flat overall, with Northern Data standing out by going down 7.5%. The past year has been better, since the industry has gained 67% in that time. Looking forward, earnings are forecast to grow by 39% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 01 Nov 2024 | €276.7b | €37.3b | €2.9b | 25.9x | 93.9x | 7.4x |
| Sun, 29 Sep 2024 | €259.4b | €36.6b | €2.8b | 26.3x | 94.2x | 7.1x |
| Tue, 27 Aug 2024 | €249.0b | €37.6b | €2.7b | 26.6x | 92.2x | 6.6x |
| Thu, 25 Jul 2024 | €245.6b | €36.9b | €2.6b | 24.3x | 93.8x | 6.7x |
| Sat, 22 Jun 2024 | €229.1b | €36.5b | €2.6b | 22.6x | 89.3x | 6.3x |
| Mon, 20 May 2024 | €224.6b | €36.5b | €2.6b | 21.4x | 88x | 6.2x |
| Wed, 17 Apr 2024 | €220.7b | €36.5b | €3.9b | 22.3x | 57.3x | 6.1x |
| Fri, 15 Mar 2024 | €225.1b | €36.2b | €4.1b | 20.5x | 54.9x | 6.2x |
| Sun, 11 Feb 2024 | €218.5b | €36.2b | €4.1b | 21.2x | 53.8x | 6x |
| Tue, 09 Jan 2024 | €184.1b | €38.0b | €2.3b | 24.2x | 80.8x | 4.8x |
| Thu, 07 Dec 2023 | €193.7b | €38.0b | €2.3b | 23.1x | 85.6x | 5.1x |
| Sat, 04 Nov 2023 | €171.9b | €38.0b | €2.3b | 25.3x | 75.5x | 4.5x |
| Mon, 02 Oct 2023 | €163.3b | €37.6b | €1.8b | 27.3x | 89.4x | 4.3x |
| Wed, 30 Aug 2023 | €172.1b | €37.6b | €1.8b | 27.1x | 93.5x | 4.6x |
| Fri, 28 Jul 2023 | €160.5b | €37.5b | €1.8b | 28.8x | 87.3x | 4.3x |
| Sun, 25 Jun 2023 | €165.8b | €37.4b | €2.2b | 30.3x | 74x | 4.4x |
| Tue, 23 May 2023 | €166.6b | €37.4b | €2.3b | 29.5x | 73.2x | 4.5x |
| Thu, 20 Apr 2023 | €156.3b | €36.6b | €2.9b | 28.5x | 53.8x | 4.3x |
| Sat, 18 Mar 2023 | €149.3b | €36.6b | €2.9b | 28.3x | 51.6x | 4.1x |
| Mon, 13 Feb 2023 | €146.4b | €36.5b | €2.9b | 25.8x | 50.8x | 4x |
| Wed, 11 Jan 2023 | €140.3b | €35.9b | €3.8b | 26x | 37x | 3.9x |
| Fri, 09 Dec 2022 | €132.2b | €35.9b | €3.8b | 26.9x | 34.7x | 3.7x |
| Sun, 06 Nov 2022 | €124.1b | €35.9b | €3.8b | 23.2x | 32.5x | 3.5x |
| Tue, 04 Oct 2022 | €114.1b | €34.8b | €4.5b | 22.8x | 25.1x | 3.3x |
| Thu, 01 Sep 2022 | €118.5b | €34.5b | €4.2b | 26.2x | 27.9x | 3.4x |
| Sat, 30 Jul 2022 | €126.2b | €34.5b | €4.3b | 25.9x | 29.7x | 3.7x |
| Mon, 27 Jun 2022 | €128.7b | €33.5b | €5.1b | 26x | 25.5x | 3.8x |
| Wed, 25 May 2022 | €130.0b | €33.5b | €5.0b | 29.5x | 25.8x | 3.9x |
| Fri, 22 Apr 2022 | €143.3b | €32.6b | €5.3b | 27.8x | 27x | 4.4x |
| Sun, 20 Mar 2022 | €150.2b | €32.8b | €5.3b | 32.1x | 28.3x | 4.6x |
| Tue, 15 Feb 2022 | €152.4b | €32.7b | €5.3b | 34.6x | 28.8x | 4.7x |
| Thu, 13 Jan 2022 | €176.1b | €32.2b | €5.8b | 36.1x | 30.5x | 5.5x |
| Sat, 11 Dec 2021 | €175.9b | €32.2b | €5.8b | 34.9x | 30.4x | 5.5x |
| Mon, 08 Nov 2021 | €188.1b | €32.6b | €5.8b | 39.9x | 32.5x | 5.8x |
Price to Earnings Ratio
32.5x
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 93.9x which is higher than its 3-year average PE of 57.1x.
- The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 7.4x.
Past Earnings Growth
- The earnings for companies in the Software industry have declined 20% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.7% 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 | -0.98% | |
| Tech | -0.18% | |
| Software | 0.26% | |
| Systems Software | 0.43% | |
| Application Software | 0.26% | |
Industry PE
- Investors are most optimistic about the Application Software industry which is trading above its 3-year average PE ratio of 55.0x.
- Analysts are expecting annual earnings growth of 39.5%, which is higher than its past year's earnings growth of 7.4% 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 Application Software industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings growth rate of 7.4% per year.
- In contrast, the Systems Software industry is expected to see its earnings grow by 37% 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 | |
|---|---|---|---|---|---|
| SAP SAP | €219.55 | 0.4% +€1.0b | 71.8% | PE93x | |
| GKS GK Software | €272.00 | 2.3% +€13.6m | 31.4% | PS3.6x | |
| OSP2 USU Software | €22.30 | 4.7% +€10.0m | n/a | PE37.3x | |
| IXX init innovation in traffic systems | €37.90 | 1.6% +€5.9m | 45.2% | PE20.1x | |
| CYR cyan | €2.76 | 8.7% +€4.4m | 126.2% | PS9.5x |
