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Nemetschek

XTRA:NEM
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NEM
XTRA
€5B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets worldwide. The last earnings update was 57 days ago. More info.


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NEM Share Price and Events
7 Day Returns
2%
XTRA:NEM
1.2%
DE Software
-0.4%
DE Market
1 Year Returns
37.1%
XTRA:NEM
17.6%
DE Software
-6.2%
DE Market
NEM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nemetschek (NEM) 2% -1.7% 2.7% 37.1% 190.3% 704.3%
DE Software 1.2% 3.7% 15.1% 17.6% 76% 111.8%
DE Market -0.4% 0.7% 1.8% -6.2% 13.9% 7.5%
1 Year Return vs Industry and Market
  • NEM outperformed the Software industry which returned 17.6% over the past year.
  • NEM outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
NEM
Industry
5yr Volatility vs Market
Related Companies

NEM Value

 Is Nemetschek undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Nemetschek to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Nemetschek.

XTRA:NEM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:NEM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 30%) (4.97%))
1.117
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.117 * 5.96%)
6.89%

Discounted Cash Flow Calculation for XTRA:NEM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nemetschek is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

XTRA:NEM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.89%)
2019 117.27 Analyst x6 109.71
2020 134.81 Analyst x7 118.00
2021 154.16 Analyst x7 126.24
2022 140.00 Analyst x1 107.26
2023 160.00 Analyst x1 114.69
2024 164.78 Est @ 2.99% 110.51
2025 168.34 Est @ 2.16% 105.62
2026 171.01 Est @ 1.58% 100.38
2027 173.01 Est @ 1.18% 95.02
2028 174.56 Est @ 0.89% 89.69
Present value of next 10 years cash flows €1,077.11
XTRA:NEM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €174.56 × (1 + 0.23%) ÷ (6.89% – 0.23%)
€2,627.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,627.72 ÷ (1 + 6.89%)10
€1,350.11
XTRA:NEM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,077.11 + €1,350.11
€2,427.22
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,427.22 / 38.50
€63.04
XTRA:NEM Discount to Share Price
Calculation Result
Value per share (EUR) From above. €63.04
Current discount Discount to share price of €141.20
= -1 x (€141.20 - €63.04) / €63.04
-124%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Nemetschek is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Nemetschek's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nemetschek's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:NEM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €2.07
XTRA:NEM Share Price ** XTRA (2019-06-26) in EUR €141.2
Germany Software Industry PE Ratio Median Figure of 19 Publicly-Listed Software Companies 33.93x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Nemetschek.

XTRA:NEM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:NEM Share Price ÷ EPS (both in EUR)

= 141.2 ÷ 2.07

68.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nemetschek is overvalued based on earnings compared to the DE Software industry average.
  • Nemetschek is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Nemetschek's expected growth come at a high price?
Raw Data
XTRA:NEM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 68.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
18.5%per year
Germany Software Industry PEG Ratio Median Figure of 14 Publicly-Listed Software Companies 1.94x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

XTRA:NEM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 68.22x ÷ 18.5%

3.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nemetschek is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nemetschek's assets?
Raw Data
XTRA:NEM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €7.08
XTRA:NEM Share Price * XTRA (2019-06-26) in EUR €141.2
Germany Software Industry PB Ratio Median Figure of 33 Publicly-Listed Software Companies 2.91x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
XTRA:NEM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:NEM Share Price ÷ Book Value per Share (both in EUR)

= 141.2 ÷ 7.08

19.93x

* Primary Listing of Nemetschek.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nemetschek is overvalued based on assets compared to the DE Software industry average.
X
Value checks
We assess Nemetschek's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Nemetschek has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

NEM Future Performance

 How is Nemetschek expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nemetschek expected to grow at an attractive rate?
  • Nemetschek's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nemetschek's earnings growth is expected to exceed the Germany market average.
  • Nemetschek's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:NEM Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:NEM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 18.5%
XTRA:NEM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 12.8%
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:NEM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:NEM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 904 3
2022-12-31 805 3
2021-12-31 725 177 130 8
2020-12-31 632 155 110 9
2019-12-31 551 131 91 8
XTRA:NEM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 489 108 80
2018-12-31 461 100 76
2018-09-30 438 101 84
2018-06-30 419 96 81
2018-03-31 401 102 77
2017-12-31 396 97 75
2017-09-30 383 83 53
2017-06-30 371 90 50
2017-03-31 358 81 50
2016-12-31 339 80 47
2016-09-30 325 81 48
2016-06-30 312 66 45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nemetschek's earnings are expected to grow by 18.5% yearly, however this is not considered high growth (20% yearly).
  • Nemetschek's revenue is expected to grow by 12.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:NEM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Nemetschek Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:NEM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.41 3.76 3.15 7.00
2020-12-31 2.87 3.17 2.67 8.00
2019-12-31 2.39 2.51 2.27 8.00
XTRA:NEM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 2.07
2018-12-31 1.99
2018-09-30 2.19
2018-06-30 2.12
2018-03-31 2.00
2017-12-31 1.94
2017-09-30 1.39
2017-06-30 1.31
2017-03-31 1.30
2016-12-31 1.22
2016-09-30 1.25
2016-06-30 1.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Nemetschek is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Nemetschek's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Nemetschek has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

NEM Past Performance

  How has Nemetschek performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Nemetschek's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Nemetschek has delivered over 20% year on year earnings growth in the past 5 years.
  • Nemetschek's 1-year earnings growth is less than its 5-year average (3.7% vs 24.7%)
  • Nemetschek's earnings growth has not exceeded the DE Software industry average in the past year (3.7% vs 17.1%).
Earnings and Revenue History
Nemetschek's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Nemetschek Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:NEM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 489.01 79.69 37.90
2018-12-31 461.30 76.47 37.90
2018-09-30 438.15 84.45 32.88
2018-06-30 419.13 81.43 32.88
2018-03-31 401.49 76.83 32.88
2017-12-31 395.57 74.66 32.88
2017-09-30 383.43 53.50 29.51
2017-06-30 371.44 50.43 29.51
2017-03-31 357.60 50.08 29.51
2016-12-31 338.98 46.93 29.51
2016-09-30 325.37 47.97 26.51
2016-06-30 312.25 44.59 26.51
2016-03-31 297.02 38.55 26.51
2015-12-31 285.90 35.90 26.51
2015-09-30 271.42 33.34 16.54
2015-06-30 251.88 32.57 16.54
2015-03-31 234.54 32.37 16.54
2014-12-31 218.97 31.49 16.54
2014-09-30 205.93 29.64 13.81
2014-06-30 200.91 28.04 13.81
2014-03-31 194.83 26.05 13.81
2013-12-31 187.94 24.01 13.81
2013-09-30 183.94 23.24 13.95
2013-06-30 181.40 21.63 13.95
2013-03-31 179.40 20.66 13.95
2012-12-31 177.29 19.51 13.95
2012-09-30 175.30 20.53 13.02
2012-06-30 170.72 20.05 13.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Nemetschek has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Nemetschek used its assets more efficiently than the DE Software industry average last year based on Return on Assets.
  • Nemetschek's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nemetschek's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Nemetschek has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

NEM Health

 How is Nemetschek's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Nemetschek's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nemetschek's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Nemetschek's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nemetschek's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Nemetschek Company Filings, last reported 2 months ago.

XTRA:NEM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 272.89 200.42 147.91
2018-12-31 249.60 130.63 124.96
2018-09-30 226.93 139.31 106.97
2018-06-30 236.18 56.95 85.41
2018-03-31 241.74 73.45 121.03
2017-12-31 227.95 79.95 104.07
2017-09-30 200.81 76.74 96.17
2017-06-30 190.64 83.24 83.43
2017-03-31 214.30 89.73 101.40
2016-12-31 202.12 96.23 112.49
2016-09-30 182.51 102.88 103.13
2016-06-30 169.53 71.46 84.94
2016-03-31 173.83 76.01 97.22
2015-12-31 166.92 80.64 84.04
2015-09-30 152.41 51.00 71.53
2015-06-30 144.93 54.00 64.98
2015-03-31 159.80 57.00 73.47
2014-12-31 136.58 60.00 56.98
2014-09-30 126.40 2.90 66.01
2014-06-30 118.33 1.47 58.69
2014-03-31 124.73 1.84 67.00
2013-12-31 118.17 1.14 48.58
2013-09-30 116.72 0.00 55.45
2013-06-30 111.38 1.88 48.69
2013-03-31 117.56 2.26 56.07
2012-12-31 106.72 3.51 44.33
2012-09-30 106.59 3.02 37.81
2012-06-30 102.72 3.16 30.88
  • Nemetschek's level of debt (73.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.5% vs 73.4% today).
  • Debt is well covered by operating cash flow (53.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 92.2x coverage).
X
Financial health checks
We assess Nemetschek's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Nemetschek has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

NEM Dividends

 What is Nemetschek's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.57%
Current annual income from Nemetschek dividends. Estimated to be 0.84% next year.
If you bought €2,000 of Nemetschek shares you are expected to receive €11 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Nemetschek's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Nemetschek's dividend is below the markets top 25% of dividend payers in Germany (3.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:NEM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Software Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:NEM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.56 8.00
2020-12-31 1.06 9.00
2019-12-31 0.91 7.00
XTRA:NEM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-21 0.810 0.559
2018-03-29 0.750 0.665
2017-03-31 0.650 0.919
2016-04-29 0.500 0.953
2016-03-23 0.500 1.108
2015-03-26 0.400 1.170
2014-03-20 0.325 1.677
2013-05-17 0.288 2.361
2012-07-25 0.288 3.257
2012-03-14 0.288 3.816
2012-01-16 0.288 3.945
2011-03-24 0.250 3.497
2011-02-17 0.250 3.284
2010-03-24 0.125 1.982
2010-01-15 0.125 2.904
2009-11-06 0.000 0.000
2009-10-30 0.000 0.000
2009-07-30 0.000 0.000
2009-04-30 0.000 0.000
2009-03-02 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Nemetschek is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Nemetschek is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Nemetschek's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Nemetschek's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Nemetschek's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Nemetschek afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nemetschek has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NEM Management

 What is the CEO of Nemetschek's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Harald Egel
CEO Bio

Mr. Harald Egel is the Co-Founder of MAXON Computer GmbH and serves as its Chief Executive Officer Managing Partner. Mr. Egel served as Managing Director of MAXON Computer GmbH.

CEO Compensation
  • Insufficient data for Harald to compare compensation growth.
  • Insufficient data for Harald to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Nemetschek management team in years:

5.3
Average Tenure
47
Average Age
  • The average tenure for the Nemetschek management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Georg Nemetschek

TITLE
Founder & Deputy Chairman of the Supervisory Board
AGE
84
TENURE
56.4 yrs

Patrik Heider

TITLE
Spokesman of the Executive Board and Chief Financial & Operations Officer
COMPENSATION
€824K
AGE
45
TENURE
5.3 yrs

Viktor Várkonyi

TITLE
Chief Division Officer of Planning & Design Division and Member of Executive Board
COMPENSATION
€895K
AGE
51
TENURE
5.6 yrs

Jon Elliott

TITLE
Chief Division Officer of Build & Construct Division & Member of Executive Board
AGE
42
TENURE
0.3 yrs

Stefanie Zimmermann

TITLE
Head of Investor Relations & Corporate Communication

Matthias Glaser

TITLE
Managing Director of Glaser

Koen Matthijs

TITLE
Chief Division Officer of Operate & Manage Division
AGE
47
TENURE
0.3 yrs

Harald Egel

TITLE
Chief Executive Officer of MAXON Computers GmbH and Managing Partner of MAXON Computers GmbH

Uwe Baertels

TITLE
Chief Financial Officer of MAXON Computers GmbH and Managing Partner of MAXON Computers GmbH

Harald Schneider

TITLE
Managing Partner of MAXON Computers GmbH and Chief Technology Officer of MAXON Computers GmbH
Board of Directors Tenure

Average tenure and age of the Nemetschek board of directors in years:

13.6
Average Tenure
66
Average Age
  • The average tenure for the Nemetschek board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kurt Dobitsch

TITLE
Chairman of the Supervisory Board
AGE
64
TENURE
11.3 yrs

Georg Nemetschek

TITLE
Founder & Deputy Chairman of the Supervisory Board
AGE
84
TENURE
16.6 yrs

Rüdiger Herzog

TITLE
Member of the Supervisory Board
AGE
68
TENURE
15.9 yrs

Bill Krouch

TITLE
Member of Supervisory Board
AGE
59
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Nemetschek's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Nemetschek has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

NEM News

Simply Wall St News

Can Nemetschek SE (ETR:NEM) Maintain Its Strong Returns?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Nemetschek: 29% = €80m ÷ €273m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does Nemetschek Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Is Nemetschek SE (ETR:NEM) Undervalued After Accounting For Its Future Growth?

Nemetschek is poised for significantly high earnings growth in the near future. … The stock is trading at a lofty price-to-earnings (PE) ratio of 66.14x, telling us that Nemetschek is overvalued based on current earnings compared to the Software industry average of 33.91x , and overvalued compared to the DE market average ratio of 19.64x. … However, since Nemetschek is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio.

Simply Wall St -

What Is Nemetschek SE's (ETR:NEM) Share Price Doing?

This is based on its high beta, which is a good indicator for share price volatility. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you believe NEM should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

Introducing Nemetschek (ETR:NEM), The Stock That Soared 787% In The Last Five Years

The Nemetschek SE (ETR:NEM) share price has had a bad week, falling 11%. … Only time will tell if there is still too much optimism currently reflected in the share price. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

What Should You Know About The Future Of Nemetschek SE's (ETR:NEM)?

Nemetschek SE's (ETR:NEM) latest earnings announcement in December 2018a … showed … business

Simply Wall St -

Can Nemetschek SE (ETR:NEM) Save Your Portfolio?

When stock prices are falling, the best mindset to have is a long term one. … High quality stocks such as Nemetschek SE has fared well over time in a fickle stock market, which is why I want to bring it into light amongst all the chaos. … Below I take a look at three key features of what makes a robust defensive stock investment: its size, financial health and track record.

Simply Wall St -

Should You Be Tempted To Sell Nemetschek SE (ETR:NEM) Because Of Its P/E Ratio?

We'll apply a basic P/E ratio analysis to Nemetschek SE's (ETR:NEM), to help you decide if the stock is worth further research. … Nemetschek has a price to earnings ratio of 68.15, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Nemetschek SE (ETR:NEM): Time For A Financial Health Check

Mid-caps stocks, like Nemetschek SE (ETR:NEM) with a market capitalization of €5.8b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … However, generally ignored mid-caps have historically delivered better risk-adjusted returns than the two other categories of stocks. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.

Simply Wall St -

Is Nemetschek SE's (ETR:NEM) 38% ROE Better Than Average?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.38. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Did You Miss Nemetschek's Whopping 845% Share Price Gain?

And highest quality companies can see their share prices grow by huge amounts. … During five years of share price growth, Nemetschek achieved compound earnings per share (EPS) growth of 29% per year. … This EPS growth is lower than the 57% average annual increase in the share price.

Simply Wall St -

NEM Company Info

Description

Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets worldwide. It operates through four segments: Design, Build, Manage, and Media & Entertainment. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Precast, Vectorworks, SCIA, dRofus, Data Design System, Frilo, and RISA brands for architects, specialist planners, an dlandscape architects, as well as developers and general contractors. This segment provides building information modeling solutions for computer aided design and computer aided engineering in 2D and 3D building design and imaging. The Build segment offers commercial software solutions primarily under the Nevaris, Bluebeam, SDS/2, and Solibri brands that support bidding and awarding, invoicing, budgeting, scheduling, and cost calculation. This segment serves construction companies, property developers, suppliers, and general contractors, as well as planning offices, architects, and civil engineers. The Manage segment provides commercial property management services under the Crem brand; and integrated software solutions for property, facility, and workplace management under the Spacewell brand for facility managers, banks, and insurance and property companies. The Media & Entertainment segment offers software solutions under the Maxon name for rendering 3D modeling, animation, and visual effects that are used in film, television, advertising, and video game productions, as well as in architecture imaging, medicine, product design, and infographics. Nemetschek SE was founded in 1963 and is headquartered in Munich, Germany.

Details
Name: Nemetschek SE
NEM
Exchange: XTRA
Founded: 1963
€5,436,200,000
38,500,000
Website: http://www.nemetschek.com
Address: Nemetschek SE
Konrad-Zuse-Platz 1,
Munich,
81829,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA NEM Common Bearer Shares XETRA Trading Platform DE EUR 10. Mar 1999
OTCPK NEMT.F Common Bearer Shares Pink Sheets LLC US USD 10. Mar 1999
DB NEM Common Bearer Shares Deutsche Boerse AG DE EUR 10. Mar 1999
LSE 0FDT Common Bearer Shares London Stock Exchange GB EUR 10. Mar 1999
SWX NEMA Common Bearer Shares SIX Swiss Exchange CH CHF 10. Mar 1999
WBAG NEM Common Bearer Shares Wiener Boerse AG AT EUR 10. Mar 1999
BATS-CHIXE NEMD Common Bearer Shares BATS 'Chi-X Europe' GB EUR 10. Mar 1999
Number of employees
Current staff
Staff numbers
2,587
Nemetschek employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 20:58
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.