It's A Story Of Risk Vs Reward With Hannover Rück SE (ETR:HNR1)
May 24
German (DAX) Market Analysis & Valuation
UpdatedJun 07, 2024
DataAggregated Company Financials
Companies729
- 7D1.1%
- 3M1.9%
- 1Y4.7%
- YTD5.7%
The market is up 1.1% over the last week, with the Information Technology sector leading the way, up 4.0%. As for the past 12 months, the market is up 4.7%. Looking forward, earnings are forecast to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Fri, 07 Jun 2024 | €2.3t | €2.7t | €110.9b | 18.3x | 20.3x | 0.8x |
| Sun, 05 May 2024 | €2.2t | €2.8t | €120.2b | 17.3x | 18.5x | 0.8x |
| Tue, 02 Apr 2024 | €2.3t | €2.8t | €119.2b | 17.1x | 19.3x | 0.8x |
| Thu, 29 Feb 2024 | €2.2t | €2.8t | €152.9b | 15.9x | 14.4x | 0.8x |
| Sat, 27 Jan 2024 | €2.2t | €2.9t | €148.3b | 16.5x | 14.6x | 0.8x |
| Mon, 25 Dec 2023 | €2.2t | €2.9t | €147.2b | 16.3x | 14.6x | 0.8x |
| Wed, 22 Nov 2023 | €2.1t | €2.9t | €150.5b | 15.8x | 13.9x | 0.7x |
| Fri, 20 Oct 2023 | €2.0t | €3.0t | €131.5b | 15.9x | 15.3x | 0.7x |
| Sun, 17 Sep 2023 | €2.1t | €3.0t | €131.3b | 16.2x | 16.3x | 0.7x |
| Tue, 15 Aug 2023 | €2.2t | €3.0t | €134.8b | 16.6x | 16.1x | 0.7x |
| Thu, 13 Jul 2023 | €2.2t | €3.0t | €138.9b | 17x | 15.7x | 0.7x |
| Sat, 10 Jun 2023 | €2.2t | €3.0t | €140.2b | 17.2x | 15.6x | 0.7x |
| Mon, 08 May 2023 | €2.2t | €3.0t | €146.9b | 17.5x | 15x | 0.7x |
| Wed, 05 Apr 2023 | €2.2t | €3.0t | €149.3b | 16.2x | 14.8x | 0.7x |
| Fri, 03 Mar 2023 | €2.1t | €2.9t | €157.5b | 15.6x | 13.6x | 0.7x |
| Sun, 29 Jan 2023 | €2.1t | €2.6t | €173.1b | 16.2x | 12.2x | 0.8x |
| Tue, 27 Dec 2022 | €1.9t | €2.6t | €173.5b | 15.4x | 11x | 0.7x |
| Thu, 24 Nov 2022 | €2.0t | €2.6t | €171.6b | 15.3x | 11.6x | 0.8x |
| Sat, 22 Oct 2022 | €1.8t | €2.5t | €169.2b | 14.4x | 10.7x | 0.7x |
| Mon, 19 Sep 2022 | €1.7t | €2.5t | €162.5b | 15x | 10.7x | 0.7x |
| Wed, 17 Aug 2022 | €2.0t | €2.7t | €155.9b | 16.6x | 12.5x | 0.7x |
| Fri, 15 Jul 2022 | €1.8t | €2.6t | €159.6b | 15.8x | 11.1x | 0.7x |
| Sun, 12 Jun 2022 | €2.0t | €2.6t | €159.5b | 17.6x | 12.3x | 0.8x |
| Tue, 10 May 2022 | €1.9t | €2.6t | €142.7b | 17.4x | 13.6x | 0.8x |
| Thu, 07 Apr 2022 | €2.1t | €2.5t | €143.2b | 18.8x | 14.6x | 0.8x |
| Sat, 05 Mar 2022 | €2.0t | €2.5t | €142.1b | 18.1x | 13.9x | 0.8x |
| Mon, 31 Jan 2022 | €2.3t | €2.4t | €143.9b | 19.3x | 15.9x | 1x |
| Wed, 29 Dec 2021 | €2.4t | €2.3t | €141.1b | 20.7x | 17x | 1x |
| Fri, 26 Nov 2021 | €2.4t | €2.3t | €140.6b | 21.7x | 16.9x | 1x |
| Sun, 24 Oct 2021 | €2.4t | €2.3t | €114.5b | 22.5x | 20.8x | 1.1x |
| Tue, 21 Sep 2021 | €2.3t | €2.3t | €114.1b | 22.8x | 20.2x | 1x |
| Thu, 19 Aug 2021 | €2.4t | €2.2t | €115.3b | 21.8x | 20.5x | 1.1x |
Price to Earnings Ratio
20x
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 20.3x which is higher than its 3-year average PE of 15.2x.
Past Earnings Growth
- The earnings for German listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.4% 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.
Sector Trends
Which sectors have driven the changes within the German Market?
| DE Market | 1.09% | |
| Tech | 4.02% | |
| Healthcare | 2.94% | |
| Telecom | 2.12% | |
| Real Estate | 1.66% | |
| Financials | 0.94% | |
| Consumer Staples | 0.77% | |
| Industrials | 0.27% | |
| Consumer Discretionary | -0.07% | |
| Utilities | -0.45% | |
| Energy | -2.14% | |
| Materials | -2.38% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 62.4x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 20.3%, which is higher than its past year's earnings growth of 0.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 97% over the next 5 years.
- This is better than its past earnings decline of 13% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 6.7% 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 | |
|---|---|---|---|---|---|---|
| SAP SAP | €177.72 | 5.4% +€10.5b | 43.8% | PE80.1x | Tech | |
| MRK Merck KGaA | €171.90 | 4.4% +€3.2b | 1.6% | PE27.5x | Healthcare | |
| DTE Deutsche Telekom | €22.63 | 2.8% +€3.0b | 20.0% | PE25.4x | Telecom | |
| SHL Siemens Healthineers | €55.06 | 3.0% +€1.8b | 4.8% | PE33.4x | Healthcare | |
| DB1 Deutsche Börse | €188.50 | 4.9% +€1.6b | 15.0% | PE20x | Financials |
