Dürr's (ETR:DUE) Soft Earnings Are Actually Better Than They Appear
Aug 15
German (DAX) Market Analysis & Valuation
UpdatedAug 16, 2024
DataAggregated Company Financials
Companies735
- 7D2.7%
- 3M-4.4%
- 1Y2.9%
- YTD1.4%
Over the last 7 days, the market has risen 2.7%, driven by gains in every sector, especially the Financials sector. In the last 12 months, the market has been flat. 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, 16 Aug 2024 | €2.2t | €2.7t | €118.7b | 17.4x | 18.2x | 0.8x |
| Sun, 14 Jul 2024 | €2.2t | €2.7t | €111.4b | 17.9x | 20.1x | 0.8x |
| Tue, 11 Jun 2024 | €2.2t | €2.7t | €110.9b | 18x | 20.2x | 0.8x |
| Thu, 09 May 2024 | €2.3t | €2.7t | €112.1b | 17.3x | 20.1x | 0.8x |
| Sat, 06 Apr 2024 | €2.3t | €2.8t | €119.4b | 17.1x | 19.1x | 0.8x |
| Mon, 04 Mar 2024 | €2.2t | €2.9t | €125.7b | 16x | 17.7x | 0.8x |
| Wed, 31 Jan 2024 | €2.2t | €2.9t | €148.3b | 16.3x | 14.6x | 0.8x |
| Fri, 29 Dec 2023 | €2.1t | €2.9t | €147.3b | 16.6x | 14.6x | 0.8x |
| Sun, 26 Nov 2023 | €2.1t | €2.9t | €148.0b | 16.2x | 14.2x | 0.7x |
| Tue, 24 Oct 2023 | €2.0t | €3.0t | €132.1b | 15.8x | 15x | 0.7x |
| Thu, 21 Sep 2023 | €2.1t | €3.0t | €131.2b | 16.1x | 16.2x | 0.7x |
| Sat, 19 Aug 2023 | €2.1t | €3.0t | €132.1b | 16.3x | 16x | 0.7x |
| Mon, 17 Jul 2023 | €2.2t | €3.0t | €138.9b | 16.8x | 15.8x | 0.7x |
| Wed, 14 Jun 2023 | €2.2t | €3.0t | €140.2b | 17.3x | 15.8x | 0.7x |
| Fri, 12 May 2023 | €2.2t | €3.0t | €143.2b | 17.1x | 15.1x | 0.7x |
| Sun, 09 Apr 2023 | €2.2t | €3.0t | €148.4b | 16.3x | 14.8x | 0.7x |
| Tue, 07 Mar 2023 | €2.2t | €2.9t | €155.7b | 15.6x | 14.1x | 0.8x |
| Thu, 02 Feb 2023 | €2.1t | €2.6t | €172.2b | 15.9x | 12.3x | 0.8x |
| Sat, 31 Dec 2022 | €1.9t | €2.6t | €173.5b | 15.7x | 11.1x | 0.7x |
| Mon, 28 Nov 2022 | €2.0t | €2.6t | €172.5b | 15.7x | 11.6x | 0.8x |
| Wed, 26 Oct 2022 | €1.9t | €2.5t | €169.3b | 14.7x | 11x | 0.7x |
| Fri, 23 Sep 2022 | €1.7t | €2.5t | €163.5b | 14.9x | 10.3x | 0.7x |
| Sun, 21 Aug 2022 | €1.9t | €2.5t | €164.1b | 16.3x | 11.6x | 0.8x |
| Tue, 19 Jul 2022 | €1.8t | €2.6t | €159.6b | 16x | 11.4x | 0.7x |
| Thu, 16 Jun 2022 | €1.9t | €2.6t | €159.4b | 16.9x | 12x | 0.7x |
| Sat, 14 May 2022 | €2.0t | €2.6t | €155.5b | 17.7x | 13x | 0.8x |
| Mon, 11 Apr 2022 | €2.1t | €2.5t | €143.6b | 18.9x | 14.7x | 0.9x |
| Wed, 09 Mar 2022 | €1.9t | €2.5t | €142.8b | 17.7x | 13.5x | 0.8x |
| Fri, 04 Feb 2022 | €2.3t | €2.4t | €144.1b | 20.3x | 15.9x | 1x |
| Sun, 02 Jan 2022 | €2.4t | €2.3t | €141.2b | 20.9x | 16.9x | 1x |
| Tue, 30 Nov 2021 | €2.3t | €2.3t | €140.5b | 20.7x | 16.4x | 1x |
| Thu, 28 Oct 2021 | €2.4t | €2.3t | €114.5b | 22.4x | 20.9x | 1.1x |
| Sat, 25 Sep 2021 | €2.4t | €2.3t | €114.2b | 23.2x | 20.6x | 1x |
| Mon, 23 Aug 2021 | €2.4t | €2.2t | €115.3b | 21.9x | 20.6x | 1.1x |
Price to Earnings Ratio
20.6x
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 18.2x 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 6.6% 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 | 2.66% | |
| Financials | 5.28% | |
| Tech | 3.86% | |
| Energy | 3.84% | |
| Real Estate | 3.04% | |
| Industrials | 2.27% | |
| Telecom | 2.17% | |
| Healthcare | 1.92% | |
| Consumer Discretionary | 1.71% | |
| Materials | 1.44% | |
| Utilities | 1.37% | |
| Consumer Staples | 0.077% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 34.3x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 33.3%, which is higher than its past year's earnings growth of 2.9% 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 13% 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 | |
|---|---|---|---|---|---|---|
| SAP SAP | €195.98 | 4.1% +€9.0b | 58.2% | PE89.3x | Tech | |
| ALV Allianz | €263.50 | 3.8% +€3.7b | 18.7% | PE11.3x | Financials | |
| HNR1 Hannover Rück | €242.60 | 12.6% +€3.3b | 22.7% | PE14.4x | Financials | |
| DTE Deutsche Telekom | €25.00 | 2.6% +€3.1b | 31.5% | PE24.9x | Telecom | |
| SIE Siemens | €162.70 | 2.2% +€2.7b | 19.8% | PE15.9x | Industrials |
