(NEM) Nemetschek O.N. - Overview
Sector: Technology | Industry: Software - Application | Exchange: XETRA (Germany) | Market Cap: 7.478m EUR | Total Return: -34% in 12m
Industry Rotation: -8.5
Avg Turnover: 13.4M EUR
Peers RS (IBD): 2.8
EPS Trend: 66.8%
Qual. Beats: 0
Rev. Trend: 95.3%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
Nemetschek SE develops and sells software for the architecture, engineering, construction, and media sectors. The company operates globally, with significant presence in Europe and the Americas.
The business model is segmented into Design, Build, Manage, and Media. The Design segment provides Building Information Modeling (BIM) solutions, a key technology in modern construction for integrated project delivery.
The Build segment focuses on 5D BIM and enterprise resource planning for construction, addressing the complex financial and logistical aspects of large-scale projects. The Manage segment offers software for property, facility, and workplace management, a growing area as real estate portfolios become more sophisticated.
The Media segment delivers 3D modeling and animation software, used across various industries including entertainment and industrial design. This diversification provides exposure to both traditional infrastructure and creative digital markets.
To understand the full scope of Nemetscheks market position and financial health, further research on platforms like ValueRay is recommended.
- BIM adoption drives Design segment revenue growth
- Construction industry digitalization boosts Build segment sales
- Cloud-based solutions increase recurring revenue streams
- Global economic slowdown impacts software demand
- Acquisition strategy expands market share and product portfolio
| Net Income: 217.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.17 > 0.02 and ΔFCF/TA 3.71 > 1.0 |
| NWC/Revenue: -12.42% < 20% (prev -12.25%; Δ -0.17% < -1%) |
| CFO/TA 0.18 > 3% & CFO 393.1m > Net Income 217.3m |
| Net Debt (152.6m) to EBITDA (372.7m): 0.41 < 3 |
| Current Ratio: 0.76 > 1.5 & < 3 |
| Outstanding Shares: last quarter (115.5m) vs 12m ago 0.03% < -2% |
| Gross Margin: 49.36% > 18% (prev 0.58%; Δ 4.88k% > 0.5%) |
| Asset Turnover: 55.24% > 50% (prev 46.60%; Δ 8.64% > 0%) |
| Interest Coverage Ratio: 15.83 > 6 (EBITDA TTM 372.7m / Interest Expense TTM 18.9m) |
| A: -0.07 (Total Current Assets 477.5m - Total Current Liabilities 625.5m) / Total Assets 2.18b |
| B: 0.42 (Retained Earnings 908.8m / Total Assets 2.18b) |
| C: 0.14 (EBIT TTM 299.6m / Avg Total Assets 2.16b) |
| D: 0.76 (Book Value of Equity 917.7m / Total Liabilities 1.21b) |
| Altman-Z'' Score: 2.64 = A |
| DSRI: 1.06 (Receivables 186.7m/147.4m, Revenue 1.19b/995.6m) |
| GMI: 1.17 (GM 49.36% / 57.97%) |
| AQI: 0.98 (AQ_t 0.75 / AQ_t-1 0.77) |
| SGI: 1.20 (Revenue 1.19b / 995.6m) |
| TATA: -0.08 (NI 217.3m - CFO 393.1m) / TA 2.18b) |
| Beneish M-Score: -2.77 (Cap -4..+1) = A |
Over the past week, the price has changed by -1.18%, over one month by -8.83%, over three months by -31.98% and over the past year by -34.02%.
| Analysts Target Price | - | - |
P/E Trailing = 36.6102
P/E Forward = 27.5482
P/S = 6.2779
P/B = 8.4929
P/EG = 1.1603
Revenue TTM = 1.19b EUR
EBIT TTM = 299.6m EUR
EBITDA TTM = 372.7m EUR
Long Term Debt = 449.5m EUR (from longTermDebt, two quarters ago)
Short Term Debt = 13.3m EUR (from shortTermDebt, last quarter)
Debt = 462.8m EUR (corrected: LT Debt 449.5m + ST Debt 13.3m)
Net Debt = 152.6m EUR (from netDebt column, last quarter)
Enterprise Value = 7.68b EUR (7.48b + Debt 462.8m - CCE 258.4m)
Interest Coverage Ratio = 15.83 (Ebit TTM 299.6m / Interest Expense TTM 18.9m)
EV/FCF = 20.25x (Enterprise Value 7.68b / FCF TTM 379.4m)
FCF Yield = 4.94% (FCF TTM 379.4m / Enterprise Value 7.68b)
FCF Margin = 31.85% (FCF TTM 379.4m / Revenue TTM 1.19b)
Net Margin = 18.24% (Net Income TTM 217.3m / Revenue TTM 1.19b)
Gross Margin = 49.36% ((Revenue TTM 1.19b - Cost of Revenue TTM 603.3m) / Revenue TTM)
Gross Margin QoQ = 38.09% (prev 50.67%)
Tobins Q-Ratio = 3.53 (Enterprise Value 7.68b / Total Assets 2.18b)
Interest Expense / Debt = 4.09% (Interest Expense 18.9m / Debt 462.8m)
Taxrate = 22.16% (18.8m / 84.9m)
NOPAT = 233.2m (EBIT 299.6m * (1 - 22.16%))
Current Ratio = 0.76 (Total Current Assets 477.5m / Total Current Liabilities 625.5m)
Debt / Equity = 0.50 (Debt 462.8m / totalStockholderEquity, last quarter 929.0m)
Debt / EBITDA = 0.41 (Net Debt 152.6m / EBITDA 372.7m)
Debt / FCF = 0.40 (Net Debt 152.6m / FCF TTM 379.4m)
Total Stockholder Equity = 875.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 10.07% (Net Income 217.3m / Total Assets 2.18b)
RoE = 24.82% (Net Income TTM 217.3m / Total Stockholder Equity 875.3m)
RoCE = 22.61% (EBIT 299.6m / Capital Employed (Equity 875.3m + L.T.Debt 449.5m))
RoIC = 17.89% (NOPAT 233.2m / Invested Capital 1.30b)
WACC = 7.97% (E(7.48b)/V(7.94b) * Re(8.27%) + D(462.8m)/V(7.94b) * Rd(4.09%) * (1-Tc(0.22)))
Discount Rate = 8.27% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.02%
[DCF] Terminal Value 81.65% ; FCFF base≈344.9m ; Y1≈424.7m ; Y5≈721.4m
[DCF] Fair Price = 106.7 (EV 12.47b - Net Debt 152.6m = Equity 12.32b / Shares 115.4m; r=7.97% [WACC]; 5y FCF grow 24.75% → 3.0% )
EPS Correlation: 66.81 | EPS CAGR: 11.69% | SUE: -1.18 | # QB: 0
Revenue Correlation: 95.34 | Revenue CAGR: 15.06% | SUE: 0.56 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.62 | Chg7d=-0.029 | Chg30d=+0.009 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-12-31): EPS=2.46 | Chg7d=+0.000 | Chg30d=-0.001 | Revisions Net=-3 | Growth EPS=+30.8% | Growth Revenue=+13.1%
EPS next Year (2027-12-31): EPS=2.94 | Chg7d=+0.000 | Chg30d=-0.039 | Revisions Net=-2 | Growth EPS=+19.4% | Growth Revenue=+14.3%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 5.5% (Discount Rate 8.3% - Earnings Yield 2.7%)
[Growth] Growth Spread = +7.3% (Analyst 12.9% - Implied 5.5%)