Nemetschek SE
NEM: XETR (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€24.00 | Cjqcgyg | Pdvmrgvbdy |
Nemetschek Earnings: In Line With Expectations; Shared Overvalued
Narrow-moat Nemetschek reported first-quarter results that were in line with FactSet consensus and our expectations. Shares are trading roughly flat intraday. We don’t expect to make a material change to our EUR 61 fair value estimate. At current levels, the shares look overvalued.