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German (DAX) Market Analysis & Valuation
UpdatedSep 27, 2024
DataAggregated Company Financials
Companies736
- 7D1.5%
- 3M3.9%
- 1Y12.6%
- YTD6.8%
The market is up 1.5% over the last week, with the Industrials sector leading the way, up 3.3%. The market is up 13% over the last 12 months. Looking forward, earnings are forecast to grow by 20% 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, 27 Sep 2024 | €2.3t | €2.7t | €119.8b | 16.4x | 19x | 0.8x |
| Sun, 25 Aug 2024 | €2.2t | €2.7t | €118.4b | 16.6x | 18.6x | 0.8x |
| Tue, 23 Jul 2024 | €2.2t | €2.7t | €111.0b | 18.1x | 19.8x | 0.8x |
| Thu, 20 Jun 2024 | €2.2t | €2.7t | €110.7b | 17.1x | 19.6x | 0.8x |
| Sat, 18 May 2024 | €2.3t | €2.7t | €109.7b | 17.5x | 20.6x | 0.8x |
| Mon, 15 Apr 2024 | €2.2t | €2.8t | €119.1b | 17.2x | 18.9x | 0.8x |
| Wed, 13 Mar 2024 | €2.3t | €2.8t | €126.2b | 16x | 17.8x | 0.8x |
| Fri, 09 Feb 2024 | €2.2t | €2.9t | €149.2b | 16.1x | 14.5x | 0.8x |
| Sun, 07 Jan 2024 | €2.1t | €2.9t | €146.5b | 16.2x | 14.6x | 0.7x |
| Tue, 05 Dec 2023 | €2.1t | €2.9t | €147.4b | 16x | 14.5x | 0.7x |
| Thu, 02 Nov 2023 | €2.0t | €3.0t | €160.6b | 15.5x | 12.2x | 0.7x |
| Sat, 30 Sep 2023 | €2.1t | €3.0t | €131.0b | 16x | 15.8x | 0.7x |
| Mon, 28 Aug 2023 | €2.1t | €3.0t | €131.8b | 16.2x | 16.1x | 0.7x |
| Wed, 26 Jul 2023 | €2.2t | €3.0t | €138.5b | 16.8x | 15.9x | 0.7x |
| Fri, 23 Jun 2023 | €2.2t | €3.0t | €140.4b | 17.4x | 15.4x | 0.7x |
| Sun, 21 May 2023 | €2.2t | €3.0t | €136.9b | 17.3x | 16x | 0.7x |
| Tue, 18 Apr 2023 | €2.2t | €3.0t | €147.5b | 17x | 15.2x | 0.7x |
| Thu, 16 Mar 2023 | €2.1t | €2.9t | €154.9b | 15.8x | 13.4x | 0.7x |
| Sat, 11 Feb 2023 | €2.1t | €2.6t | €173.5b | 16x | 12.3x | 0.8x |
| Mon, 09 Jan 2023 | €2.0t | €2.6t | €172.9b | 16.1x | 11.7x | 0.8x |
| Wed, 07 Dec 2022 | €2.0t | €2.6t | €172.3b | 16x | 11.5x | 0.8x |
| Fri, 04 Nov 2022 | €1.9t | €2.5t | €170.8b | 15x | 10.9x | 0.7x |
| Sun, 02 Oct 2022 | €1.7t | €2.5t | €168.4b | 14.2x | 10.2x | 0.7x |
| Tue, 30 Aug 2022 | €1.8t | €2.5t | €163.4b | 15.3x | 11.1x | 0.7x |
| Thu, 28 Jul 2022 | €1.9t | €2.6t | €158.6b | 16.6x | 11.7x | 0.7x |
| Sat, 25 Jun 2022 | €1.9t | €2.6t | €159.4b | 16.3x | 11.6x | 0.7x |
| Mon, 23 May 2022 | €2.0t | €2.6t | €160.7b | 17.2x | 12.5x | 0.8x |
| Wed, 20 Apr 2022 | €2.1t | €2.5t | €143.5b | 18.8x | 14.6x | 0.8x |
| Fri, 18 Mar 2022 | €2.2t | €2.4t | €145.9b | 19.5x | 14.8x | 0.9x |
| Sun, 13 Feb 2022 | €2.3t | €2.4t | €142.2b | 20x | 16.1x | 1x |
| Tue, 11 Jan 2022 | €2.4t | €2.3t | €141.3b | 21.3x | 16.7x | 1x |
| Thu, 09 Dec 2021 | €2.4t | €2.3t | €141.3b | 20.5x | 16.7x | 1x |
| Sat, 06 Nov 2021 | €2.4t | €2.3t | €119.4b | 23x | 20.4x | 1.1x |
| Mon, 04 Oct 2021 | €2.3t | €2.2t | €114.5b | 22.6x | 20.1x | 1x |
Price to Earnings Ratio
20.1x
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 19.0x 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 | 1.47% | |
| Energy | 5.57% | |
| Utilities | 5.24% | |
| Industrials | 3.33% | |
| Consumer Discretionary | 2.30% | |
| Consumer Staples | 2.18% | |
| Financials | 1.42% | |
| Telecom | 1.02% | |
| Real Estate | 0.62% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Healthcare | -0.36% | |
| Tech | -0.63% | |
| Materials | -0.95% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 35.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 33.2%, which is higher than its past year's earnings growth of 0.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 95% over the next 5 years.
- This is better than its past earnings growth rate of 10% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 7.0% 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 | |
|---|---|---|---|---|---|---|
| SIE Siemens | €181.74 | 7.0% +€9.2b | 34.0% | PE17.8x | Industrials | |
| UN0 Uniper | €52.22 | 21.2% +€3.8b | -47.3% | PS0.3x | Utilities | |
| HLAG Hapag-Lloyd | €164.20 | 10.1% +€2.7b | -4.5% | PE37.7x | Industrials | |
| SHL Siemens Healthineers | €51.30 | 3.1% +€1.7b | 6.3% | PE30.7x | Healthcare | |
| DTE Deutsche Telekom | €26.35 | 1.3% +€1.6b | 32.7% | PE26.2x | Telecom |
