Research

FCF Valuation Monitor - Q4 2024 published - FCF Fox Corporate Finance GmbH

Written by FCF Mittelstand | Dec 17, 2024 7:00:00 AM

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q4 2024”. 

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 per November 2024 are: 

  • Over the past quarter, the DAX, MDAX and TecDAX showed positive performances of 3.7%, 2.6% and 1.3%, respectively. The SDAX had a negative performance of 2.9% over the past three months. 
  • Based on 2024 and 2025 EBITDA Multiples, the Software (dt. Software), Internet Products / Services (dt. Onlinedienste) and Renewable Products / Services (dt. Erneuerbare Energien / Dienstl.) peer groups show the highest valuations at 16.5x, 15.0x and 14.2x in 2024 and 14.8x, 10.6x and 9.1x in 2025, respectively 
  • Meanwhile, the Automotive Supply (dt. Automobilzulieferer), Consumer Products / Services (dt. Konsumgüter / B2C Dienstl.) and Construction Products / Services (dt. Bauprodukte / -wesen) peer groups show the lowest valuations at 5.0x, 5.6x and 5.6x in 2024 and 4.3x, 5.2x and 5.3x in 2025, respectively 

To access the full report, please click here.