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German (DAX) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies732
- 7D-1.8%
- 3M-2.4%
- 1Y1.7%
- YTD2.2%
Over the last 7 days, the market has dropped 1.8%, driven by a decline of 4.7% in the Consumer Discretionary sector. In the last 12 months the market has been flat overall. Earnings are forecast to grow by 19% annually.
Market Valuation and Performance
Has the German Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | €2.2t | €2.7t | €110.7b | 17.1x | 19.7x | 0.8x |
| Fri, 17 May 2024 | €2.3t | €2.7t | €112.1b | 17.5x | 20.3x | 0.8x |
| Sun, 14 Apr 2024 | €2.2t | €2.8t | €119.7b | 17.2x | 18.8x | 0.8x |
| Tue, 12 Mar 2024 | €2.2t | €2.8t | €126.1b | 15.6x | 17.6x | 0.8x |
| Thu, 08 Feb 2024 | €2.2t | €2.9t | €149.7b | 16.2x | 14.4x | 0.8x |
| Sat, 06 Jan 2024 | €2.1t | €2.9t | €146.5b | 16.2x | 14.6x | 0.7x |
| Mon, 04 Dec 2023 | €2.1t | €2.9t | €147.4b | 16.1x | 14.5x | 0.7x |
| Wed, 01 Nov 2023 | €2.0t | €3.0t | €162.1b | 15.4x | 12.1x | 0.7x |
| Fri, 29 Sep 2023 | €2.1t | €3.0t | €131.1b | 15.8x | 15.7x | 0.7x |
| Sun, 27 Aug 2023 | €2.1t | €3.0t | €131.6b | 16.2x | 16.1x | 0.7x |
| Tue, 25 Jul 2023 | €2.2t | €3.0t | €133.4b | 16.9x | 16.3x | 0.7x |
| Thu, 22 Jun 2023 | €2.2t | €3.0t | €140.3b | 17.4x | 15.5x | 0.7x |
| Sat, 20 May 2023 | €2.2t | €3.0t | €137.4b | 17.3x | 16x | 0.7x |
| Mon, 17 Apr 2023 | €2.2t | €3.0t | €147.7b | 16.9x | 15.1x | 0.7x |
| Wed, 15 Mar 2023 | €2.1t | €2.9t | €153.7b | 15.8x | 13.9x | 0.7x |
| Fri, 10 Feb 2023 | €2.2t | €2.6t | €171.9b | 16.2x | 12.6x | 0.8x |
| Sun, 08 Jan 2023 | €2.0t | €2.6t | €172.9b | 16.1x | 11.7x | 0.8x |
| Tue, 06 Dec 2022 | €2.0t | €2.6t | €172.2b | 16x | 11.6x | 0.8x |
| Thu, 03 Nov 2022 | €1.9t | €2.5t | €170.8b | 15x | 10.9x | 0.7x |
| Sat, 01 Oct 2022 | €1.7t | €2.5t | €168.4b | 14.2x | 10.2x | 0.7x |
| Mon, 29 Aug 2022 | €1.8t | €2.5t | €163.4b | 15.5x | 11.1x | 0.7x |
| Wed, 27 Jul 2022 | €1.8t | €2.6t | €158.6b | 16.6x | 11.6x | 0.7x |
| Fri, 24 Jun 2022 | €1.8t | €2.6t | €159.3b | 16x | 11.5x | 0.7x |
| Sun, 22 May 2022 | €2.0t | €2.6t | €160.5b | 17.2x | 12.5x | 0.8x |
| Tue, 19 Apr 2022 | €2.1t | €2.5t | €143.4b | 18.9x | 14.6x | 0.8x |
| Thu, 17 Mar 2022 | €2.2t | €2.4t | €145.8b | 19.1x | 14.8x | 0.9x |
| Sat, 12 Feb 2022 | €2.3t | €2.4t | €142.1b | 20x | 16.2x | 1x |
| Mon, 10 Jan 2022 | €2.4t | €2.3t | €141.3b | 21.3x | 16.9x | 1x |
| Wed, 08 Dec 2021 | €2.3t | €2.3t | €141.2b | 20.3x | 16.3x | 1x |
| Fri, 05 Nov 2021 | €2.4t | €2.3t | €118.9b | 22.8x | 20.5x | 1.1x |
| Sun, 03 Oct 2021 | €2.3t | €2.2t | €114.6b | 22.6x | 20.1x | 1x |
| Tue, 31 Aug 2021 | €2.4t | €2.2t | €115.3b | 22.3x | 20.6x | 1.1x |
| Wed, 07 Jul 2021 | €2.3t | €2.2t | €115.3b | 21.6x | 20x | 1x |
Price to Earnings Ratio
20x
Current Market PE
- Investors are optimistic on the German market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 19.7x which is higher than its 3-year average PE of 15.3x.
Past Earnings Growth
- The earnings for German listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the German Market?
| DE Market | -1.81% | |
| Real Estate | 0.58% | |
| Telecom | 0.14% | |
| Financials | -0.094% | |
| Utilities | -0.51% | |
| Energy | -0.61% | |
| Tech | -0.93% | |
| Materials | -1.01% | |
| Industrials | -1.74% | |
| Consumer Staples | -1.76% | |
| Healthcare | -3.77% | |
| Consumer Discretionary | -4.71% | |
Sector PE
- Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 62.5x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 19.8% which is higher than its past year's earnings decline of 2.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 97% over the next 5 years.
- This is better than its past earnings growth rate of 1.1% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 6.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| HLAG Hapag-Lloyd | €173.30 | 6.4% +€1.8b | -5.5% | PE22.7x | Industrials | |
| DTE Deutsche Telekom | €22.80 | 0.8% +€895.6m | 18.5% | PE25.6x | Telecom | |
| SAP SAP | €176.00 | 0.3% +€601.5m | 41.3% | PE79.2x | Tech | |
| SY1 Symrise | €115.40 | 3.9% +€601.0m | 24.3% | PE47.4x | Materials | |
| DB1 Deutsche Börse | €189.60 | 1.7% +€583.1m | 13.1% | PE20.1x | Financials |
