Why We're Not Concerned About Deutsche Telekom AG's (ETR:DTE) Share Price
Aug 10
German (DAX) Market Analysis & Valuation
UpdatedAug 11, 2024
DataAggregated Company Financials
Companies735
- 7D-0.07%
- 3M-7.0%
- 1Y-0.5%
- YTD-0.9%
The market has been flat over the last week. As for the longer term, the market has also been flat over the past year. 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 |
|---|---|---|---|---|---|---|
| Sun, 11 Aug 2024 | €2.1t | €2.7t | €117.1b | 17.1x | 18x | 0.8x |
| Tue, 09 Jul 2024 | €2.2t | €2.7t | €111.3b | 18.4x | 19.8x | 0.8x |
| Thu, 06 Jun 2024 | €2.2t | €2.7t | €110.9b | 18.1x | 20.3x | 0.8x |
| Sat, 04 May 2024 | €2.2t | €2.8t | €120.3b | 17.2x | 18.5x | 0.8x |
| Mon, 01 Apr 2024 | €2.3t | €2.8t | €119.2b | 17.1x | 19.3x | 0.8x |
| Wed, 28 Feb 2024 | €2.2t | €2.8t | €152.7b | 15.9x | 14.5x | 0.8x |
| Fri, 26 Jan 2024 | €2.1t | €2.9t | €148.2b | 16.5x | 14.5x | 0.8x |
| Sun, 24 Dec 2023 | €2.2t | €2.9t | €147.3b | 16.3x | 14.6x | 0.8x |
| Tue, 21 Nov 2023 | €2.1t | €2.9t | €150.5b | 15.9x | 13.9x | 0.7x |
| Thu, 19 Oct 2023 | €2.0t | €3.0t | €131.5b | 16x | 15.4x | 0.7x |
| Sat, 16 Sep 2023 | €2.1t | €3.0t | €131.2b | 16.4x | 16.3x | 0.7x |
| Mon, 14 Aug 2023 | €2.2t | €3.0t | €134.7b | 16.6x | 16x | 0.7x |
| Wed, 12 Jul 2023 | €2.1t | €3.0t | €138.8b | 16.7x | 15.5x | 0.7x |
| Fri, 09 Jun 2023 | €2.2t | €3.0t | €140.2b | 17.1x | 15.6x | 0.7x |
| Sun, 07 May 2023 | €2.2t | €3.0t | €137.6b | 17.5x | 16x | 0.7x |
| Tue, 04 Apr 2023 | €2.2t | €3.0t | €149.3b | 16.3x | 14.7x | 0.7x |
| Thu, 02 Mar 2023 | €2.1t | €2.9t | €158.3b | 15.6x | 13.6x | 0.7x |
| Sat, 28 Jan 2023 | €2.1t | €2.6t | €173.1b | 16.2x | 12.2x | 0.8x |
| Mon, 26 Dec 2022 | €1.9t | €2.6t | €173.5b | 15.4x | 11x | 0.7x |
| Wed, 23 Nov 2022 | €2.0t | €2.7t | €170.3b | 15.4x | 11.7x | 0.7x |
| Fri, 21 Oct 2022 | €1.8t | €2.5t | €169.2b | 14.3x | 10.7x | 0.7x |
| Sun, 18 Sep 2022 | €1.7t | €2.5t | €162.5b | 15x | 10.7x | 0.7x |
| Tue, 16 Aug 2022 | €1.9t | €2.7t | €156.1b | 16.7x | 12.5x | 0.7x |
| Thu, 14 Jul 2022 | €1.8t | €2.6t | €159.6b | 16.1x | 11.3x | 0.7x |
| Sat, 11 Jun 2022 | €2.0t | €2.6t | €159.4b | 17.6x | 12.3x | 0.8x |
| Mon, 09 May 2022 | €2.0t | €2.6t | €143.0b | 17.9x | 14x | 0.8x |
| Wed, 06 Apr 2022 | €2.1t | €2.5t | €143.2b | 18.9x | 14.9x | 0.9x |
| Fri, 04 Mar 2022 | €2.1t | €2.5t | €140.9b | 18.5x | 14.6x | 0.8x |
| Sun, 30 Jan 2022 | €2.3t | €2.4t | €144.6b | 19.6x | 15.8x | 1x |
| Tue, 28 Dec 2021 | €2.4t | €2.3t | €141.1b | 20.7x | 16.9x | 1x |
| Thu, 25 Nov 2021 | €2.4t | €2.3t | €140.4b | 21.7x | 16.8x | 1x |
| Sat, 23 Oct 2021 | €2.4t | €2.3t | €114.5b | 22.5x | 20.7x | 1x |
| Mon, 20 Sep 2021 | €2.4t | €2.3t | €114.3b | 23x | 20.7x | 1x |
| Wed, 18 Aug 2021 | €2.4t | €2.2t | €115.3b | 22x | 20.8x | 1.1x |
Price to Earnings Ratio
20.8x
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 18.0x which is higher than its 3-year average PE of 15.3x.
Past Earnings Growth
- The earnings for German listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.7% 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 and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the German Market?
| DE Market | -0.07% | |
| Tech | 1.65% | |
| Real Estate | 1.44% | |
| Telecom | 0.62% | |
| Energy | 0.61% | |
| Industrials | 0.40% | |
| Healthcare | 0.25% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Financials | -0.25% | |
| Utilities | -0.64% | |
| Materials | -1.39% | |
| Consumer Staples | -1.42% | |
| Consumer Discretionary | -1.98% | |
Sector PE
- Investors favour the Utilities sector the most for future growth even though it's trading below its 3-year average PE ratio of 2kx.
- The market's confidence is likely because analysts are expecting annual earnings growth of 23.6% which is higher than its past year's earnings decline of 35.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 94% over the next 5 years.
- This is better than its past earnings growth rate of 2.6% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 7.1% 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 | €189.92 | 2.0% +€4.4b | 51.7% | PE86.6x | Tech | |
| RHM Rheinmetall | €538.40 | 12.1% +€2.5b | 107.0% | PE35.9x | Industrials | |
| DTE Deutsche Telekom | €24.61 | 2.0% +€2.4b | 31.0% | PE24.5x | Telecom | |
| ALV Allianz | €255.90 | 1.8% +€1.8b | 14.6% | PE11x | Financials | |
| SHL Siemens Healthineers | €50.24 | 2.7% +€1.5b | 6.5% | PE30.1x | Healthcare |
