Wolters Kluwer (ENXTAM:WKL): Revisiting Valuation After Launch of AI-Powered SteuerSparErklärung Online in Germany

Wolters Kluwer (ENXTAM:WKL) just rolled out SteuerSparErklärung Online in Germany, a browser based tax filing platform that uses its AI assistant Alma to simplify the entire return process for everyday users.

See our latest analysis for Wolters Kluwer.

Despite this kind of product innovation, Wolters Kluwer’s share price has had a tough stretch, with a steep year to date share price decline and weaker one year total shareholder return. However, the five year total shareholder return remains solidly positive, which suggests that long term momentum is cooling rather than collapsing.

If this kind of tax tech story has your attention, it could be a good moment to explore other high growth tech and AI names through high growth tech and AI stocks and see what else fits your strategy.

With earnings still growing and the share price now trading at a hefty discount to analyst targets, has the recent sell off created an overlooked entry point, or is the market already pricing in all the future upside?

Most Popular Narrative: 37.1% Undervalued

With Wolters Kluwer last closing at €87.32 versus a narrative fair value of about €138.92, the valuation story leans toward upside potential.

Ongoing investment and rapid integration of advanced AI and GenAI features into core product suites (e.g., UpToDate Enterprise, CCH Axcess, Teammate AI editor) are enhancing customer value, enabling premium pricing, and differentiating Wolters Kluwer's offerings, which supports both revenue growth and margin expansion in the coming years.

Read the complete narrative.

Want to see the math behind this upside case? The narrative leans on assumptions about steady growth, higher margins, and a richer future earnings multiple. Curious how those pieces fit together?

Result: Fair Value of €138.92 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, slower SaaS adoption and intensifying AI driven competition could undermine growth expectations and limit the upside implied by the current undervaluation narrative.

Find out about the key risks to this Wolters Kluwer narrative.

Build Your Own Wolters Kluwer Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a personalised view in under three minutes, Do it your way.

A great starting point for your Wolters Kluwer research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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