Nemetschek SE

NEM: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€82.00	Wwfzvg	Bcgtfbtf

Nemetschek Earnings: Double-Digit Revenue Growth to Return in Fiscal 2024; Shares Overvalued

Rob Hales

Mar 21, 2024

Narrow-moat Nemetschek reported fourth-quarter results that were in line with the preliminary numbers released in February. We don’t expect to make a material change to our EUR 54 fair value estimate. At current levels, the shares look overvalued.

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