(NEM) Nemetschek O.N. - Ratings and Ratios
BIM, CAD, 3D, ERP, Facility, Media
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.59% |
| Yield on Cost 5y | 0.96% |
| Yield CAGR 5y | 45.81% |
| Payout Consistency | 79.8% |
| Payout Ratio | 31.1% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 29.2% |
| Value at Risk 5%th | 44.0% |
| Relative Tail Risk | -8.50% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.02 |
| Alpha | -7.79 |
| CAGR/Max DD | 0.60 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.431 |
| Beta | 0.188 |
| Beta Downside | 0.340 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.56% |
| Mean DD | 8.78% |
| Median DD | 6.19% |
Description: NEM Nemetschek O.N. October 30, 2025
Nemetschek SE (XETRA:NEM) develops and sells software for the architecture, engineering, construction, operation, and media markets across Europe, the Americas, and Asia-Pacific. The company is organized into four operating segments: Design (Allplan, Graphisoft, dRofus) delivering BIM-based CAD tools; Build (Nevaris, Blubeam) providing 5D BIM, ERP, and cloud workflow solutions; Manage (Spacewell, Crem Solutions) offering property- and facility-management platforms; and Media (Maxon) supplying 3D modeling, animation, and rendering software for visual-effects and product design.
In FY 2023 Nemetschek reported €1.1 billion in revenue, up 9 % YoY, with a recurring-revenue share of roughly 78 %-a metric analysts watch as a proxy for revenue stability and upsell potential. EBITDA margin improved to 21 % from 19 % the prior year, reflecting higher software-as-a-service (SaaS) adoption and cost efficiencies. The company’s free-cash-flow conversion stood at 85 % of EBITDA, indicating strong cash generation to fund R&D and acquisitions.
Key economic drivers for Nemetschek include the accelerating digital transformation of the construction industry, where BIM adoption rates in Europe have risen to an estimated 55 % of large-scale projects (up from 42 % in 2020). ESG and energy-efficiency regulations are pushing owners and developers toward integrated design-to-operate platforms, benefitting the Manage segment. Additionally, the global 3D-content market-serving film, gaming, and product design-was projected to grow at a 12 % CAGR through 2027, providing tailwinds for the Maxon suite.
For a deeper, data-driven assessment of Nemetschek’s valuation and competitive positioning, you may find the analytics on ValueRay useful as a next step in your research.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income (204.2m TTM) > 0 and > 6% of Revenue (6% = 69.4m TTM) |
| FCFTA 0.19 (>2.0%) and ΔFCFTA 6.17pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -6.32% (prev -71.92%; Δ 65.60pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.19 (>3.0%) and CFO 392.5m > Net Income 204.2m (YES >=105%, WARN >=100%) |
| Net Debt (187.7m) to EBITDA (364.1m) ratio: 0.52 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.87 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (115.5m) change vs 12m ago -0.02% (target <= -2.0% for YES) |
| Gross Margin 58.24% (prev 51.37%; Δ 6.88pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 56.05% (prev 44.25%; Δ 11.80pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 9.04 (EBITDA TTM 364.1m / Interest Expense TTM 31.9m) >= 6 (WARN >= 3) |
Altman Z'' 2.84
| (A) -0.04 = (Total Current Assets 501.6m - Total Current Liabilities 574.7m) / Total Assets 2.04b |
| (B) 0.41 = Retained Earnings (Balance) 842.0m / Total Assets 2.04b |
| (C) 0.14 = EBIT TTM 288.6m / Avg Total Assets 2.06b |
| (D) 0.75 = Book Value of Equity 852.2m / Total Liabilities 1.14b |
| Total Rating: 2.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 90.92
| 1. Piotroski 7.50pt |
| 2. FCF Yield 3.47% |
| 3. FCF Margin 32.73% |
| 4. Debt/Equity 0.57 |
| 5. Debt/Ebitda 0.52 |
| 6. ROIC - WACC (= 10.13)% |
| 7. RoE 23.48% |
| 8. Rev. Trend 94.95% |
| 9. EPS Trend 59.30% |
What is the price of NEM shares?
Over the past week, the price has changed by +0.00%, over one month by -2.42%, over three months by -15.10% and over the past year by -0.40%.
Is NEM a buy, sell or hold?
What are the forecasts/targets for the NEM price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 121.3 | 30.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 97.2 | 4.7% |
NEM Fundamental Data Overview December 29, 2025
Market Cap EUR = 10.71b (10.71b EUR * 1.0 EUR.EUR)
P/E Trailing = 52.4294
P/E Forward = 39.5257
P/S = 9.2577
P/B = 12.4018
P/EG = 1.6655
Beta = 0.653
Revenue TTM = 1.16b EUR
EBIT TTM = 288.6m EUR
EBITDA TTM = 364.1m EUR
Long Term Debt = 449.5m EUR (from longTermDebt, last quarter)
Short Term Debt = 13.8m EUR (from shortTermDebt, last quarter)
Debt = 495.2m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 187.7m EUR (from netDebt column, last quarter)
Enterprise Value = 10.90b EUR (10.71b + Debt 495.2m - CCE 307.5m)
Interest Coverage Ratio = 9.04 (Ebit TTM 288.6m / Interest Expense TTM 31.9m)
FCF Yield = 3.47% (FCF TTM 378.6m / Enterprise Value 10.90b)
FCF Margin = 32.73% (FCF TTM 378.6m / Revenue TTM 1.16b)
Net Margin = 17.65% (Net Income TTM 204.2m / Revenue TTM 1.16b)
Gross Margin = 58.24% ((Revenue TTM 1.16b - Cost of Revenue TTM 483.1m) / Revenue TTM)
Gross Margin QoQ = 50.67% (prev 55.89%)
Tobins Q-Ratio = 5.34 (Enterprise Value 10.90b / Total Assets 2.04b)
Interest Expense / Debt = 1.08% (Interest Expense 5.35m / Debt 495.2m)
Taxrate = 23.13% (17.0m / 73.4m)
NOPAT = 221.9m (EBIT 288.6m * (1 - 23.13%))
Current Ratio = 0.87 (Total Current Assets 501.6m / Total Current Liabilities 574.7m)
Debt / Equity = 0.57 (Debt 495.2m / totalStockholderEquity, last quarter 863.6m)
Debt / EBITDA = 0.52 (Net Debt 187.7m / EBITDA 364.1m)
Debt / FCF = 0.50 (Net Debt 187.7m / FCF TTM 378.6m)
Total Stockholder Equity = 869.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.02% (Net Income 204.2m / Total Assets 2.04b)
RoE = 23.48% (Net Income TTM 204.2m / Total Stockholder Equity 869.7m)
RoCE = 21.88% (EBIT 288.6m / Capital Employed (Equity 869.7m + L.T.Debt 449.5m))
RoIC = 16.58% (NOPAT 221.9m / Invested Capital 1.34b)
WACC = 6.45% (E(10.71b)/V(11.21b) * Re(6.71%) + D(495.2m)/V(11.21b) * Rd(1.08%) * (1-Tc(0.23)))
Discount Rate = 6.71% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -81.65 | Cagr: -0.01%
[DCF Debug] Terminal Value 81.25% ; FCFE base≈330.7m ; Y1≈402.6m ; Y5≈666.2m
Fair Price DCF = 98.39 (DCF Value 11.36b / Shares Outstanding 115.4m; 5y FCF grow 23.23% → 3.0% )
EPS Correlation: 59.30 | EPS CAGR: 10.51% | SUE: -0.32 | # QB: 0
Revenue Correlation: 94.95 | Revenue CAGR: 12.60% | SUE: 0.61 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.56 | Chg30d=-0.001 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=2.43 | Chg30d=+0.014 | Revisions Net=+2 | Growth EPS=+21.7% | Growth Revenue=+13.8%