Nemetschek Valuation

Is NEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEM (€98.85) is trading above our estimate of fair value (€94.79)

Significantly Below Fair Value: NEM is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEM?

Other financial metrics that can be useful for relative valuation.

NEM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue12.5x
Enterprise Value/EBITDA47.6x
PEG Ratio3.8x

Price to Earnings Ratio vs Peers

How does NEM's PE Ratio compare to its peers?

The above table shows the PE ratio for NEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.4x
532466 Oracle Financial Services Software
42.9x11.7%₹1.0t
SGE Sage Group
37.7x15.1%UK£10.1b
DOCU DocuSign
14.2x-46.3%US$14.0b
NICE NICE
27x14.9%₪39.3b
NEM Nemetschek
64.5x16.8%€11.4b

Price-To-Earnings vs Peers: NEM is expensive based on its Price-To-Earnings Ratio (64.5x) compared to the peer average (30.3x).


Price to Earnings Ratio vs Industry

How does NEM's PE Ratio compare vs other companies in the European Software Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a32.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a32.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: NEM is expensive based on its Price-To-Earnings Ratio (64.5x) compared to the European Software industry average (30.1x).


Price to Earnings Ratio vs Fair Ratio

What is NEM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio64.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NEM's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€98.85
€92.46
-6.5%
14.0%€120.00€68.00n/a19
Oct ’25€94.30
€91.46
-3.0%
13.9%€120.00€68.00n/a19
Sep ’25€93.95
€91.30
-2.8%
13.9%€120.00€68.00n/a19
Aug ’25€88.90
€90.99
+2.3%
13.6%€120.00€68.00n/a19
Jul ’25€91.55
€87.68
-4.2%
13.6%€116.00€61.00n/a19
Jun ’25€83.65
€86.37
+3.2%
13.9%€112.00€61.00n/a19
May ’25€83.95
€85.68
+2.1%
14.6%€112.00€61.00n/a19
Apr ’25€91.66
€83.68
-8.7%
16.2%€112.00€54.00n/a19
Mar ’25€88.24
€80.49
-8.8%
16.9%€105.00€54.00n/a19
Feb ’25€85.84
€77.71
-9.5%
16.8%€105.00€54.00n/a18
Jan ’25€78.48
€72.22
-8.0%
15.8%€92.00€53.00n/a18
Dec ’24€79.26
€71.22
-10.1%
15.8%€92.00€47.00n/a18
Nov ’24€70.50
€68.62
-2.7%
15.5%€92.00€46.00n/a17
Oct ’24€58.14
€66.12
+13.7%
14.6%€86.00€45.00€94.3017
Sep ’24€63.06
€66.88
+6.0%
14.1%€86.00€45.00€93.9516
Aug ’24€65.18
€66.88
+2.6%
14.1%€86.00€45.00€88.9016
Jul ’24€68.54
€67.53
-1.5%
14.7%€85.00€45.00€91.5516
Jun ’24€74.48
€67.53
-9.3%
14.7%€85.00€45.00€83.6516
May ’24€70.62
€67.38
-4.6%
16.0%€86.50€45.00€83.9516
Apr ’24€63.36
€63.92
+0.9%
16.5%€86.50€45.00€91.6616
Mar ’24€53.50
€59.05
+10.4%
15.6%€86.50€45.00€88.2416
Feb ’24€49.06
€61.73
+25.8%
19.2%€92.00€46.00€85.8416
Jan ’24€47.67
€61.55
+29.1%
19.3%€92.00€46.00€78.4816
Dec ’23€50.14
€61.55
+22.8%
19.3%€92.00€46.00€79.2616
Nov ’23€47.91
€62.05
+29.5%
19.1%€92.00€48.00€70.5016
Oct ’23€49.27
€70.25
+42.6%
16.3%€93.50€48.00€58.1416

Analyst Forecast: Target price is lower than the current share price.


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