FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q4 2022”.
The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and is published by FCF on a quarterly basis.
Key insights of Q4 2022 are:
All four major German indices recovered well from the market shock in March 2020 in response to the global Covid-19 pandemic. However, after reaching record highs in November 2021, the indices have sold off sharply, before starting to climb again in the last quarter
Investor uncertainty due to the Covid-19 pandemic, surging inflation and interest rates combined with the end of the central banks’ Asset Purchase Programs and the war in Ukraine led to a very volatile market development over the last twelve months with negative performances of all four major German indices
Over the past quarter, all four major German indices recovered strongly from previous losses, despite a rising chance of an impending recession
Over the last twelve months, nearly all industries showed a negative share price performance with losses ranging between -4.8% (Technology) and -52.2% (Internet Products / Services). Only the Renewable Products / Services sector recorded a positive performance of +21.0%
Across all sectors, sales are expected to grow at 10.9% per annum between 2021 and 2024, while the Media & Entertainment and Renewable Products / Services sectors expect sales growth rates of above 20%