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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 19 Jun 2024€2.2t€2.7t€110.7b17.1x19.7x0.8x
Fri, 17 May 2024€2.3t€2.7t€112.1b17.5x20.3x0.8x
Sun, 14 Apr 2024€2.2t€2.8t€119.7b17.2x18.8x0.8x
Tue, 12 Mar 2024€2.2t€2.8t€126.1b15.6x17.6x0.8x
Thu, 08 Feb 2024€2.2t€2.9t€149.7b16.2x14.4x0.8x
Sat, 06 Jan 2024€2.1t€2.9t€146.5b16.2x14.6x0.7x
Mon, 04 Dec 2023€2.1t€2.9t€147.4b16.1x14.5x0.7x
Wed, 01 Nov 2023€2.0t€3.0t€162.1b15.4x12.1x0.7x
Fri, 29 Sep 2023€2.1t€3.0t€131.1b15.8x15.7x0.7x
Sun, 27 Aug 2023€2.1t€3.0t€131.6b16.2x16.1x0.7x
Tue, 25 Jul 2023€2.2t€3.0t€133.4b16.9x16.3x0.7x
Thu, 22 Jun 2023€2.2t€3.0t€140.3b17.4x15.5x0.7x
Sat, 20 May 2023€2.2t€3.0t€137.4b17.3x16x0.7x
Mon, 17 Apr 2023€2.2t€3.0t€147.7b16.9x15.1x0.7x
Wed, 15 Mar 2023€2.1t€2.9t€153.7b15.8x13.9x0.7x
Fri, 10 Feb 2023€2.2t€2.6t€171.9b16.2x12.6x0.8x
Sun, 08 Jan 2023€2.0t€2.6t€172.9b16.1x11.7x0.8x
Tue, 06 Dec 2022€2.0t€2.6t€172.2b16x11.6x0.8x
Thu, 03 Nov 2022€1.9t€2.5t€170.8b15x10.9x0.7x
Sat, 01 Oct 2022€1.7t€2.5t€168.4b14.2x10.2x0.7x
Mon, 29 Aug 2022€1.8t€2.5t€163.4b15.5x11.1x0.7x
Wed, 27 Jul 2022€1.8t€2.6t€158.6b16.6x11.6x0.7x
Fri, 24 Jun 2022€1.8t€2.6t€159.3b16x11.5x0.7x
Sun, 22 May 2022€2.0t€2.6t€160.5b17.2x12.5x0.8x
Tue, 19 Apr 2022€2.1t€2.5t€143.4b18.9x14.6x0.8x
Thu, 17 Mar 2022€2.2t€2.4t€145.8b19.1x14.8x0.9x
Sat, 12 Feb 2022€2.3t€2.4t€142.1b20x16.2x1x
Mon, 10 Jan 2022€2.4t€2.3t€141.3b21.3x16.9x1x
Wed, 08 Dec 2021€2.3t€2.3t€141.2b20.3x16.3x1x
Fri, 05 Nov 2021€2.4t€2.3t€118.9b22.8x20.5x1.1x
Sun, 03 Oct 2021€2.3t€2.2t€114.6b22.6x20.1x1x
Tue, 31 Aug 2021€2.4t€2.2t€115.3b22.3x20.6x1.1x
Wed, 07 Jul 2021€2.3t€2.2t€115.3b21.6x20x1x
Price to Earnings Ratio

20x


Total Market Cap: €2.3tTotal Earnings: €115.3bTotal Revenue: €2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
German Market Price to Earnings3Y Average 15.3x202220232024
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 Estate0.58%
Telecom0.14%
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?

CompanyLast Price7D1YValuationSector
HLAG Hapag-Lloyd€173.306.4%
+€1.8b
-5.5%PE22.7xIndustrials
DTE Deutsche Telekom€22.800.8%
+€895.6m
18.5%PE25.6xTelecom
SAP SAP€176.000.3%
+€601.5m
41.3%PE79.2xTech
SY1 Symrise€115.403.9%
+€601.0m
24.3%PE47.4xMaterials
DB1 Deutsche Börse€189.601.7%
+€583.1m
13.1%PE20.1xFinancials
See more
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Market Insights

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

Latest News

AFX

€66.40

Carl Zeiss Meditec

7D

-23.1%

1Y

-37.9%

BMW

€87.58

Bayerische Motoren Werke

7D

-3.9%

1Y

-20.8%

HLAG

€173.30

Hapag-Lloyd

7D

6.4%

1Y

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ALV

€257.00

Allianz

7D

0.4%

1Y

22.8%

SAP

€176.00

SAP

7D

0.3%

1Y

41.3%

EOAN

€12.45

E.ON

7D

1.3%

1Y

9.0%

MBG

€63.52

Mercedes-Benz Group

7D

-2.9%

1Y

-15.4%

DTE

€22.80

Deutsche Telekom

7D

0.8%

1Y

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SY1

€115.40

Symrise

7D

3.9%

1Y

24.3%