June 30, 2016

Nemetschek

NEM.DE (DE0006452907)

Nemetschek AG is a Germany-based holding company engaged in the provision of software solutions for architecture and construction industries, including architects, structural designers, civil and specialist engineers, as well as for technical facility management and commercial property management, as well as visualization software for architecture, film and advertising.

Market: Frankfurt


Fair value: 55 €
Discount: 13%
Average yearly return: 36%
Yield: 4.8%
Outperformer

Looking Ahead for 2016
Revenue projections are estimated between EUR 319 and EUR 325 million and would correspond to 12 – 14% growth compared to the previous year. Purely organic growth is projected at a milder level at 11 – 13%, which discounts the contributions of the recent acquisition of Solibri Oy.
The group is also aiming at Group EBITDA of between EUR 77 – 80 million, bringing profits (earnings) to $90 million USD.

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