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Nemetschek SE (NEM) Fair Value & Analysis

Technology · DE · Market cap €7.1B

NS Nemetschek SE NEM · XETRA
Price€54.00
Fair Value€37.43
Upside-30.7%
Quality93/100
Evidence: High Range €27.75 – €54.39

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from €41.84 to €37.43 (−10.5%) since Jun 23, 2026. Share price −10.6% over the past month.

Price vs Fair Value (12 months)

€133.16 €50.87 Fair Value €37.43 Jun 2025 Jun 2026

12‑month range €50.87 – €133.16 · fair‑value band €27.75 – €54.39 · the €54.00 price screens above the €37.43 fair value. As of Jun 24, 2026.

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Analysis

Nemetschek SE (NEM) currently trades at €54.00, while our model-based Fair Value estimate is €37.43 — implying the stock looks roughly 30.7% overvalued today. We read business quality at 93/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Nemetschek SE generated revenue of €1.2B at a net margin of 19.1%. Revenue grew 10.7% year over year. It earns a return on equity of 23.9%. Net debt stands at €153M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) €1.2B
Revenue growth (YoY) +10.7%
Net margin 19.1%
Return on equity 23.9%
Free cash flow €368M FY2025
P/E ratio 30.7
More key figures
Operating margin 23.1%
EPS (TTM) €2.01
Dividend yield 1.1%
EPS growth (YoY) +33.8%
Net debt €153M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Nemetschek SE provides software solutions for architecture, engineering, construction, operation, and media industries in Germany, the rest of Europe, the Americas, the Asia Pacific, and internationally. The company operates in four segments: Design, Build, Manage, and Media. The Design segment offers software solutions primarily under the Allplan, Graphisoft, and dRofus brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors. This segment provides building information modeling (BIM) solutions for computer-aided design and engineering. The Build segment offers 5D BIM solutions, commercial enterprise resource planning solutions, and cloud-based workflow solutions under the Nevaris and Bluebeam brands to construction companies, developers, suppliers, general contractors, planning offices, architects, and civil engineers. The Manage segment provides software solutions for property, fa…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nemetschek SE reported revenue of €1.2B in FY2025 versus €681M in FY2021, a compound +15.0%/yr. Reported net income was €217M in FY2025, compounding +12.7%/yr from FY2021.

Revenue +15.0%/yr
FY21 €681M
FY22 €802M
FY23 €852M
FY24 €996M
FY25 €1.2B
Net income +12.7%/yr
FY21 €135M
FY22 €162M
FY23 €161M
FY24 €175M
FY25 €217M

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Salesforce, Inc CRM $170.92 $178.06 +4%
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Frequently asked questions

Is Nemetschek SE (NEM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €37.43 versus a price of €54.00 — about −31% (overvalued). Model-based estimate, not financial advice.
What is the fair value of NEM?
Our 21-model fair value for Nemetschek SE is €37.43 (as of Jun 24, 2026), built from audited fundamentals. The current price is €54.00.
What is the quality score of NEM?
Nemetschek SE has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Nemetschek SE (NEM)?
Nemetschek SE reported trailing-twelve-month revenue of about €1.2B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NEM?
The net profit margin of Nemetschek SE is about 19.1%, meaning it keeps roughly 19.1% of revenue as net income. Based on the latest reported figures.
Does Nemetschek SE pay a dividend?
Nemetschek SE currently shows a dividend yield of about 1.12% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.