Nemetschek NEM.DE
Nemetschek SE is a German multinational software company for design, planning, and project management software for the construction, architecture, and engineering industry, with a business model based on subscriptions and software licenses. Nemetschek shows solid fundamentals with a 26.34% ROE, 22.74% operating margin, and 26.7% earnings growth, although its valuation (P/E 29.04) and weak momentum (18th percentile in 52 weeks) limit short-term appeal.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Nemetschek SE is a German multinational software company for design, planning, and project management software for the construction, architecture, and engineering industry, with a business model based on subscriptions and software licenses. Nemetschek shows solid fundamentals with a 26.34% ROE, 22.74% operating margin, and 26.7% earnings growth, although its valuation (P/E 29.04) and weak momentum (18th percentile in 52 weeks) limit short-term appeal.
Score by category
| Category | Score |
|---|---|
| Financial health | 6.6 |
| Quality / Moat | 8.5 |
| Valuation | 5.7 |
| Growth | 7.7 |
| Dividend | 5.4 |
| Momentum | 1.4 |
| Risk & Context | 8.0 |
OVERALL SCORE: 6.8/10
Context and risks
The rise in US rates (10-year at 5.17%) and AI doubts pressure growth tech stocks. Nemetschek, with a P/E of 29.04 and forward P/E of 21.26, has significant duration in its valuation, making it sensitive to this environment, although its 26.7% earnings growth partially mitigates the impact.
News considered in the analysis
- Nemetschek SE (NEMTF) (H1 2026) Earnings Call Highlights: Strong Revenue Growth and AI ... — Resultados semestrales con crecimiento de ingresos del 13% y de beneficios del 26,7%, confirmando la solidez del negocio, aunque ya parcialmente reflejado en el precio.
- Nemetschek Q2 Earnings Call Highlights — La llamada de resultados del Q2 refuerza la narrativa de crecimiento impulsado por IA y suscripciones, con impacto moderado y parcialmente descontado.
- The Strong Earnings Posted By Nemetschek (ETR:NEM) Are A Good Indication Of The Strength Of The Business — Artículo que destaca la solidez de los resultados, sin información nueva más allá de lo ya conocido, con efecto moderado y parcialmente descontado.
- Stocks to Watch: Reddit, Applied Materials, Innventure — Listículo genérico sin información relevante para Nemetschek.
- European Indexes Mixed as Tech Stocks Rise, Miners Fall — Movimiento general del mercado sin impacto específico en la empresa.
Verdict: Hold; business quality and growth justify the premium, but negative momentum and rate sensitivity suggest waiting for a better entry point.
Main risk: The main risk is valuation pressure from the rising rate environment, given its high P/E of 29.04, which could compress the multiple if growth does not surprise to the upside.
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