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German (DAX) Market Analysis & Valuation
UpdatedOct 31, 2024
DataAggregated Company Financials
Companies727
- 7D-1.0%
- 3M4.4%
- 1Y16.1%
- YTD5.6%
In the last week, the market has been flat, with a notable exception in the Healthcare sector dropping 4.5%. Meanwhile, the market is actually up 16% over the past year. 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 |
|---|---|---|---|---|---|---|
| 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 |
| Tue, 24 May 2022 | €2.0t | €2.6t | €160.8b | 17.4x | 12.6x | 0.8x |
| Thu, 21 Apr 2022 | €2.1t | €2.5t | €143.5b | 19.1x | 14.8x | 0.9x |
| Sat, 19 Mar 2022 | €2.2t | €2.5t | €146.6b | 19.4x | 14.7x | 0.9x |
| Mon, 14 Feb 2022 | €2.3t | €2.4t | €142.5b | 20x | 16.1x | 1x |
| Wed, 12 Jan 2022 | €2.4t | €2.3t | €141.2b | 21x | 16.9x | 1x |
| Fri, 10 Dec 2021 | €2.3t | €2.3t | €141.2b | 20.4x | 16.6x | 1x |
| Sun, 07 Nov 2021 | €2.4t | €2.3t | €120.4b | 23x | 20.2x | 1.1x |
Price to Earnings Ratio
20.2x
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 19.1x 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 5.9% 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 | -0.98% | |
| Telecom | 1.02% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Energy | -0.15% | |
| Tech | -0.18% | |
| Real Estate | -0.23% | |
| Industrials | -0.39% | |
| Utilities | -0.87% | |
| Financials | -0.93% | |
| Consumer Staples | -1.06% | |
| Consumer Discretionary | -1.46% | |
| Materials | -1.48% | |
| Healthcare | -4.52% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 35.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 35.4%, which is higher than its past year's earnings growth of 7.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 93% 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 6.9% 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 | |
|---|---|---|---|---|---|---|
| DTE Deutsche Telekom | €28.07 | 1.5% +€2.0b | 35.3% | PE27.8x | Telecom | |
| ENR Siemens Energy | €37.87 | 4.5% +€1.3b | 358.8% | PE51.3x | Industrials | |
| SAP SAP | €219.55 | 0.4% +€1.0b | 71.8% | PE93x | Tech | |
| ADS adidas | €220.80 | 2.2% +€857.0m | 32.2% | PE103.5x | Consumer Discretionary | |
| DTG Daimler Truck Holding | €38.05 | 2.7% +€754.0m | 29.7% | PE8.2x | Industrials |
