Nemetschek SE

SWX:NEMA Stock Report

Market Cap: CHF 7.1b

Nemetschek Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: NEMA (CHF59.95) is trading below our estimate of future cash flow value (CHF117.97)

Significantly Below Future Cash Flow Value: NEMA is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

Key metric: As NEMA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NEMA. This is calculated by dividing NEMA's market cap by their current earnings.
What is NEMA's PE Ratio?
PE Ratio38.4x
Earnings€204.22m
Market Cap€7.84b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NEMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.7x
TEMN Temenos
22.7x-0.27%CHF 5.0b
DOCU DocuSign
32x13.41%US$9.3b
MANH Manhattan Associates
40x12.29%US$8.6b
NTNX Nutanix
40.1x25.90%US$10.7b
NEMA Nemetschek
38.4x17.56%CHF 7.8b

Price-To-Earnings vs Peers: NEMA is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the peer average (33.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NEMA 38.4xIndustry Avg. 23.7xNo. of Companies20PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NEMA is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the European Software industry average (24.1x).

Price to Earnings Ratio vs Fair Ratio

What is NEMA'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.

NEMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NEMA'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 NEMA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 59.95
CHF 104.31
+74.00%
16.58%CHF 135.78CHF 66.99n/a17
Feb ’27n/a
CHF 109.84
0%
14.09%CHF 137.40CHF 82.44n/a17
Jan ’27n/a
CHF 112.87
0%
14.41%CHF 139.62CHF 83.77n/a17
Dec ’26n/a
CHF 115.21
0%
14.46%CHF 139.73CHF 83.84n/a17
Nov ’26n/a
CHF 115.64
0%
16.10%CHF 146.55CHF 76.99n/a17
Oct ’26n/a
CHF 116.07
0%
16.23%CHF 147.65CHF 77.56n/a17
Sep ’26n/a
CHF 117.72
0%
16.97%CHF 150.94CHF 77.82n/a17
Aug ’26n/a
CHF 113.68
0%
16.08%CHF 149.16CHF 77.38n/a17
Jul ’26n/a
CHF 108.61
0%
15.10%CHF 134.52CHF 71.93n/a17
Jun ’26n/a
CHF 108.01
0%
14.97%CHF 135.44CHF 71.92n/a18
May ’26n/a
CHF 105.25
0%
15.14%CHF 129.26CHF 72.12n/a20
Apr ’26n/a
CHF 106.99
0%
16.58%CHF 135.41CHF 64.84n/a20
Mar ’26n/a
CHF 99.48
0%
16.65%CHF 126.76CHF 63.85CHF 59.9520
Feb ’26n/a
CHF 99.78
0%
16.56%CHF 127.56CHF 64.25n/a20
Jan ’26n/a
CHF 94.59
0%
15.84%CHF 116.67CHF 63.47n/a20
Dec ’25n/a
CHF 93.12
0%
16.29%CHF 116.16CHF 63.19n/a19
Nov ’25n/a
CHF 87.14
0%
14.32%CHF 116.94CHF 63.62n/a19
Oct ’25n/a
CHF 85.96
0%
13.85%CHF 112.78CHF 63.91n/a19
Sep ’25CHF 66.30
CHF 87.03
+31.27%
13.90%CHF 114.39CHF 64.82n/a19
Aug ’25CHF 66.30
CHF 85.78
+29.37%
13.62%CHF 113.13CHF 64.11n/a19
Jul ’25CHF 66.30
CHF 84.06
+26.78%
13.56%CHF 111.20CHF 58.48n/a19
Jun ’25CHF 66.30
CHF 84.61
+27.62%
13.95%CHF 109.73CHF 59.76n/a19
May ’25CHF 66.30
CHF 84.08
+26.82%
14.62%CHF 109.90CHF 59.86n/a19
Apr ’25CHF 66.30
CHF 81.30
+22.63%
16.19%CHF 108.81CHF 52.46n/a19
Mar ’25CHF 66.30
CHF 76.78
+15.81%
16.85%CHF 100.16CHF 51.51n/a19
CHF 101.74
Fair Value
41.1% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/05 04:51
End of Day Share Price 2026/03/05 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nemetschek SE is covered by 32 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Knut WollerBaader Helvea Equity Research
Sven MerktBarclays
Alice JenningsBarclays