The Returns On Capital At Gelsenwasser (FRA:WWG) Don't Inspire Confidence
Jun 19
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German (DAX) Market Analysis & Valuation
UpdatedJun 19, 2025
DataAggregated Company Financials
Companies728
- 7D-2.8%
- 3M-1.8%
- 1Y16.2%
- YTD9.9%
Over the last 7 days, the market has dropped 2.8%, driven by declines in the Information Technology and Consumer Discretionary sectors of 4.0% and 4.9%, respectively. As for the longer term, the market has actually risen by 16% in the last year. Earnings are forecast to grow by 16% annually.
Market Valuation and Performance
Has the German Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 19 Jun 2025 | €2.5t | €2.7t | €103.5b | 19.1x | 24.2x | 0.9x |
| Sat, 17 May 2025 | €2.6t | €2.7t | €103.6b | 19.4x | 24.9x | 1x |
| Mon, 14 Apr 2025 | €2.3t | €2.7t | €107.8b | 16.7x | 21.1x | 0.8x |
| Wed, 12 Mar 2025 | €2.5t | €2.7t | €126.2b | 16.6x | 19.7x | 0.9x |
| Fri, 07 Feb 2025 | €2.5t | €2.7t | €113.1b | 16.7x | 21.7x | 0.9x |
| Sun, 05 Jan 2025 | €2.3t | €2.7t | €114.5b | 16.1x | 19.8x | 0.8x |
| Tue, 03 Dec 2024 | €2.3t | €2.7t | €114.2b | 15.6x | 20x | 0.8x |
| Thu, 31 Oct 2024 | €2.3t | €2.7t | €118.1b | 15.6x | 19.1x | 0.8x |
| Sat, 28 Sep 2024 | €2.3t | €2.7t | €119.8b | 16.7x | 19.2x | 0.9x |
| Mon, 26 Aug 2024 | €2.2t | €2.7t | €118.4b | 16.6x | 18.6x | 0.8x |
| Wed, 24 Jul 2024 | €2.2t | €2.7t | €111.0b | 17.7x | 19.8x | 0.8x |
| Fri, 21 Jun 2024 | €2.2t | €2.7t | €110.7b | 17.1x | 19.8x | 0.8x |
| Sun, 19 May 2024 | €2.3t | €2.7t | €110.1b | 17.5x | 20.6x | 0.8x |
| Tue, 16 Apr 2024 | €2.3t | €2.8t | €119.1b | 17.1x | 18.9x | 0.8x |
| Thu, 14 Mar 2024 | €2.2t | €2.8t | €127.3b | 15.9x | 17.6x | 0.8x |
| Sat, 10 Feb 2024 | €2.1t | €2.9t | €149.3b | 16.1x | 14.4x | 0.8x |
| Mon, 08 Jan 2024 | €2.1t | €2.9t | €146.5b | 16.2x | 14.6x | 0.7x |
| Wed, 06 Dec 2023 | €2.1t | €2.9t | €147.4b | 15.9x | 14.6x | 0.7x |
| Fri, 03 Nov 2023 | €2.0t | €2.9t | €160.9b | 15.5x | 12.5x | 0.7x |
| Sun, 01 Oct 2023 | €2.1t | €3.0t | €131.0b | 16x | 15.8x | 0.7x |
| Tue, 29 Aug 2023 | €2.1t | €3.0t | €131.8b | 16.3x | 16.2x | 0.7x |
| Thu, 27 Jul 2023 | €2.2t | €3.0t | €138.4b | 16.9x | 15.9x | 0.7x |
| Sat, 24 Jun 2023 | €2.1t | €3.0t | €140.4b | 17.2x | 15.3x | 0.7x |
| Mon, 22 May 2023 | €2.2t | €3.0t | €136.8b | 17.3x | 16x | 0.7x |
| Wed, 19 Apr 2023 | €2.2t | €3.0t | €147.5b | 17.1x | 15.2x | 0.7x |
| Fri, 17 Mar 2023 | €2.1t | €3.0t | €151.8b | 16x | 13.9x | 0.7x |
| Sun, 12 Feb 2023 | €2.1t | €2.6t | €173.3b | 16x | 12.3x | 0.8x |
| Tue, 10 Jan 2023 | €2.0t | €2.6t | €172.9b | 16.3x | 11.9x | 0.8x |
| Thu, 08 Dec 2022 | €2.0t | €2.6t | €173.3b | 15.8x | 11.4x | 0.8x |
| Sat, 05 Nov 2022 | €1.9t | €2.6t | €170.2b | 15.1x | 11x | 0.7x |
| Mon, 03 Oct 2022 | €1.7t | €2.5t | €169.0b | 14.2x | 10.3x | 0.7x |
| Wed, 31 Aug 2022 | €1.8t | €2.5t | €162.4b | 15.5x | 11.2x | 0.7x |
| Fri, 29 Jul 2022 | €1.9t | €2.6t | €158.6b | 16.6x | 11.7x | 0.7x |
| Sun, 26 Jun 2022 | €1.9t | €2.6t | €159.4b | 16.3x | 11.6x | 0.7x |
Price to Earnings Ratio
11.6x
Current Market PE
- Investors are optimistic on the German market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 24.2x which is higher than its 3-year average PE of 16.5x.
Past Earnings Growth
- The earnings for German listed companies have declined 13% per year over the last three years.
- Meanwhile revenues have been flat.
- This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.
Sector Trends
Which sectors have driven the changes within the German Market?
| DE Market | -2.84% | |
| Real Estate | 1.10% | |
| Utilities | 0.35% | |
| Energy | -0.14% | |
| Industrials | -1.64% | |
| Materials | -1.74% | |
| Financials | -1.94% | |
| Healthcare | -3.50% | |
| Tech | -4.00% | |
| Telecom | -4.78% | |
| Consumer Discretionary | -4.91% | |
| Consumer Staples | -5.92% | |
Sector PE
- Investors favour the Materials sector the most for future growth which is trading above its 3-year average PE ratio.
- The market's confidence is likely because analysts are expecting annual earnings growth of 29.0% which is higher than its past year's earnings decline of 3.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 51% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Telecom sector is expected to see its earnings grow by 4.8% 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 | Sector | |
|---|---|---|---|---|---|---|
| ENR Siemens Energy | €87.82 | 2.6% +€1.8b | 264.5% | PE350.5x | Industrials | |
| RHM Rheinmetall | €1.74k | 1.2% +€956.3m | 256.8% | PE94.5x | Industrials | |
| MTX MTU Aero Engines | €366.10 | 4.7% +€877.3m | 63.7% | PE27x | Industrials | |
| CBK Commerzbank | €28.19 | 2.0% +€649.2m | 100.1% | PB1x | Financials | |
| VNA Vonovia | €29.85 | 1.7% +€419.7m | 14.1% | PS3.2x | Real Estate |
