Nemetschek SE

BATS-CHIXE:NEMD Stock Report

Market Cap: €11.4b

Nemetschek Valuation

Is NEMD 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 NEMD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEMD (€98.6) is trading above our estimate of fair value (€84.09)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NEMD. This is calculated by dividing NEMD's market cap by their current earnings.
What is NEMD's PE Ratio?
PE Ratio66.8x
Earnings€170.90m
Market Cap€11.42b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NEMD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.5x
SGE Sage Group
39.9x11.9%UK£12.9b
BYIT Bytes Technology Group
21.3x6.7%UK£1.1b
GBG GB Group
116x36.6%UK£944.4m
ALFA Alfa Financial Software Holdings
29x6.3%UK£640.4m
NEMD Nemetschek
66.8x18.6%€11.4b

Price-To-Earnings vs Peers: NEMD is expensive based on its Price-To-Earnings Ratio (66.8x) compared to the peer average (51.5x).

Price to Earnings Ratio vs Industry

How does NEMD's PE Ratio compare vs other companies in the GB Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SORT Sorted Group Holdings
3xn/aUS$5.47m
No more companies available in this PE range
No. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NEMD is expensive based on its Price-To-Earnings Ratio (66.8x) compared to the UK Software industry average (35.3x).

Price to Earnings Ratio vs Fair Ratio

What is NEMD'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.

NEMD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NEMD'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 NEMD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€98.60
€100.21
+1.6%
16.3%€125.00€68.00n/a19
Nov ’25€102.10
€93.14
-8.8%
14.3%€125.00€68.00n/a19
Oct ’25n/a
€91.46
0%
13.9%€120.00€68.00n/a19
Sep ’25€89.10
€91.30
+2.5%
13.9%€120.00€68.00n/a19
Aug ’25n/a
€90.99
0%
13.6%€120.00€68.00n/a19
Jul ’25n/a
€87.68
0%
13.6%€116.00€61.00n/a19
Jun ’25n/a
€86.37
0%
13.9%€112.00€61.00n/a19
May ’25€84.03
€85.68
+2.0%
14.6%€112.00€61.00n/a19
Apr ’25n/a
€83.68
0%
16.2%€112.00€54.00n/a19
Mar ’25€86.34
€80.49
-6.8%
16.9%€105.00€54.00n/a19
Feb ’25€85.70
€77.71
-9.3%
16.8%€105.00€54.00n/a18
Jan ’25n/a
€72.22
0%
15.8%€92.00€53.00n/a18
Dec ’24n/a
€71.22
0%
15.8%€92.00€47.00n/a18
Nov ’24€67.99
€68.62
+0.9%
15.5%€92.00€46.00€102.1017
Oct ’24€56.55
€66.12
+16.9%
14.6%€86.00€45.00n/a17
Sep ’24n/a
€66.88
0%
14.1%€86.00€45.00€89.1016
Aug ’24n/a
€66.88
0%
14.1%€86.00€45.00n/a16
Jul ’24€67.64
€67.53
-0.2%
14.7%€85.00€45.00n/a16
Jun ’24€72.54
€67.53
-6.9%
14.7%€85.00€45.00n/a16
May ’24€64.02
€67.38
+5.2%
16.0%€86.50€45.00€84.0316
Apr ’24€59.80
€63.92
+6.9%
16.5%€86.50€45.00n/a16
Mar ’24€53.90
€59.05
+9.5%
15.6%€86.50€45.00€86.3416
Feb ’24€48.91
€61.73
+26.2%
19.2%€92.00€46.00€85.7016
Jan ’24n/a
€61.55
0%
19.3%€92.00€46.00n/a16
Dec ’23€50.08
€61.55
+22.9%
19.3%€92.00€46.00n/a16
Nov ’23€52.18
€62.05
+18.9%
19.1%€92.00€48.00€67.9916

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Computacenter

UK£2.4b

Provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally.

CCC

UK£22.46

7D

1.2%

1Y

-18.6%

Computacenter

UK£2.4b

Provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally.

CCCL

UK£22.41

7D

0.9%

1Y

-18.6%

Kontron

€1.1b

Engages in the provision of internet of things (IoT) solutions in Austria and internationally.

0L9J

€17.26

7D

-0.6%

1Y

-22.2%