(NEM) Nemetschek O.N. - Ratings and Ratios
BIM, CAD, 3D, ERP, Facility, Media
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 31.1% |
| Value at Risk 5%th | 47.5% |
| Relative Tail Risk | -7.35% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.12 |
| Alpha | -11.79 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.371 |
| Beta | 0.207 |
| Beta Downside | 0.309 |
| Drawdowns 3y | |
|---|---|
| Max DD | 36.56% |
| Mean DD | 7.88% |
| Median DD | 5.84% |
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.
NEM Stock Overview
| Market Cap in USD | 12,401m |
| Sub-Industry | Internet & Direct Marketing Retail |
| IPO / Inception | |
| Return 12m vs S&P 500 | -16.5% |
| Analyst Rating | - |
NEM Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 0.59% |
| Yield on Cost 5y | 0.88% |
| Yield CAGR 5y | 35.00% |
| Payout Consistency | 79.8% |
| Payout Ratio | 31.1% |
NEM Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 25.92% |
| CAGR/Max DD Calmar Ratio | 0.71 |
| CAGR/Mean DD Pain Ratio | 3.29 |
| Current Volume | 431.4k |
| Average Volume | 168.1k |
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income (188.2m TTM) > 0 and > 6% of Revenue (6% = 67.0m TTM) |
| FCFTA 0.18 (>2.0%) and ΔFCFTA -1.16pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -13.84% (prev 4.57%; Δ -18.42pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.18 (>3.0%) and CFO 365.1m > Net Income 188.2m (YES >=105%, WARN >=100%) |
| Net Debt (270.4m) to EBITDA (344.6m) ratio: 0.78 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.74 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (115.4m) change vs 12m ago -0.04% (target <= -2.0% for YES) |
| Gross Margin 59.37% (prev 51.63%; Δ 7.73pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 65.70% (prev 63.80%; Δ 1.90pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 7.74 (EBITDA TTM 344.6m / Interest Expense TTM 34.7m) >= 6 (WARN >= 3) |
Altman Z'' 2.57
| (A) -0.08 = (Total Current Assets 436.1m - Total Current Liabilities 590.7m) / Total Assets 2.00b |
| (B) 0.39 = Retained Earnings (Balance) 789.2m / Total Assets 2.00b |
| (C) 0.16 = EBIT TTM 268.5m / Avg Total Assets 1.70b |
| (D) 0.69 = Book Value of Equity 802.4m / Total Liabilities 1.16b |
| Total Rating: 2.57 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 89.65
| 1. Piotroski 7.0pt |
| 2. FCF Yield 3.18% |
| 3. FCF Margin 31.45% |
| 4. Debt/Equity 0.62 |
| 5. Debt/Ebitda 0.78 |
| 6. ROIC - WACC (= 9.00)% |
| 7. RoE 22.17% |
| 8. Rev. Trend 93.80% |
| 9. EPS Trend 81.48% |
What is the price of NEM shares?
Over the past week, the price has changed by +4.37%, over one month by -11.21%, over three months by -21.74% and over the past year by -5.44%.
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 | 123.4 | 32.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 98.3 | 5.6% |
NEM Fundamental Data Overview November 18, 2025
Market Cap EUR = 10.77b (10.77b EUR * 1.0 EUR.EUR)
P/E Trailing = 51.3559
P/E Forward = 38.61
P/S = 9.3126
P/B = 12.1479
P/EG = 1.6314
Beta = 0.652
Revenue TTM = 1.12b EUR
EBIT TTM = 268.5m EUR
EBITDA TTM = 344.6m EUR
Long Term Debt = 449.2m EUR (from longTermDebt, last quarter)
Short Term Debt = 33.1m EUR (from shortTermDebt, last quarter)
Debt = 499.6m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 270.4m EUR (from netDebt column, last quarter)
Enterprise Value = 11.04b EUR (10.77b + Debt 499.6m - CCE 229.2m)
Interest Coverage Ratio = 7.74 (Ebit TTM 268.5m / Interest Expense TTM 34.7m)
FCF Yield = 3.18% (FCF TTM 351.2m / Enterprise Value 11.04b)
FCF Margin = 31.45% (FCF TTM 351.2m / Revenue TTM 1.12b)
Net Margin = 16.86% (Net Income TTM 188.2m / Revenue TTM 1.12b)
Gross Margin = 59.37% ((Revenue TTM 1.12b - Cost of Revenue TTM 453.8m) / Revenue TTM)
Gross Margin QoQ = 55.89% (prev 54.27%)
Tobins Q-Ratio = 5.51 (Enterprise Value 11.04b / Total Assets 2.00b)
Interest Expense / Debt = 2.88% (Interest Expense 14.4m / Debt 499.6m)
Taxrate = 21.26% (14.4m / 67.6m)
NOPAT = 211.4m (EBIT 268.5m * (1 - 21.26%))
Current Ratio = 0.74 (Total Current Assets 436.1m / Total Current Liabilities 590.7m)
Debt / Equity = 0.62 (Debt 499.6m / totalStockholderEquity, last quarter 810.7m)
Debt / EBITDA = 0.78 (Net Debt 270.4m / EBITDA 344.6m)
Debt / FCF = 0.77 (Net Debt 270.4m / FCF TTM 351.2m)
Total Stockholder Equity = 849.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.40% (Net Income 188.2m / Total Assets 2.00b)
RoE = 22.17% (Net Income TTM 188.2m / Total Stockholder Equity 849.0m)
RoCE = 20.68% (EBIT 268.5m / Capital Employed (Equity 849.0m + L.T.Debt 449.2m))
RoIC = 15.58% (NOPAT 211.4m / Invested Capital 1.36b)
WACC = 6.58% (E(10.77b)/V(11.27b) * Re(6.78%) + D(499.6m)/V(11.27b) * Rd(2.88%) * (1-Tc(0.21)))
Discount Rate = 6.78% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -81.65 | Cagr: -0.02%
[DCF Debug] Terminal Value 81.18% ; FCFE base≈315.2m ; Y1≈381.7m ; Y5≈624.4m
Fair Price DCF = 92.30 (DCF Value 10.65b / Shares Outstanding 115.4m; 5y FCF grow 22.57% → 3.0% )
EPS Correlation: 81.48 | EPS CAGR: 20.11% | SUE: -0.32 | # QB: 0
Revenue Correlation: 93.80 | Revenue CAGR: 13.90% | SUE: 2.74 | # QB: 4