FCF Valuation Monitor – Q2 2023 published

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q2 2023”.

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 findings of the FCF Valuation Monitor (Q2 2023):

  • Over the past quarter, all four major German indices were mostly stable with performances between +3.3% (DAX) and -3.7% (TecDAX), despite the aftermath of the banking crisis and the US debt ceiling discussions
  • The highest valuations in 2022 were achieved by companies in the Software (19.1x), Internet Products / Services (18.2x) and IT Services (13.3x) sectors (basis: EV / EBITDA multiple). Considering the forecasts for 2023, the Software (16.5x) and Internet Products / Services (16.2x) sectors show once again the highest valuations, closely followed by the Renewable Products / Services (16.1x) peer group
  • Meanwhile, the Communications Services and Industrial Materials sectors show the lowest valuations at 4.9x and 6.2x in 2022 and 6.8x and 6.2x in 2023, respectively

To access the full report, please click here.

By Arno Fuchs, Tristan Blümli, Yasmin Herrmann and Florian Hoch