FCF regularly engages in comprehensive research on the public German small- / midcap market segment based on publicly available data. The findings are published quarterly in the
FCF VALUATION MONITOR
- Automotive Supply
- Communications Services
- Construction Products / Services
- Consumer Products / Services
- Hightech / Advanced Machinery
- Industrial / Business Services
- Industrial Machinery
- Industrial Materials
- Industrial Products
- Internet Products / Services
- IT Services
- Media & Entertainment
- Pharma & Healthcare
- Renewable Products / Services
- Software
- Technology
- Transportation & Logistics
- Automotive Supply
- Communications Services
- Construction Products / Services
- Consumer Products / Services
- Hightech / Advanced Machinery
- Industrial / Business Services
- Industrial Machinery
- Industrial Materials
- Industrial Products
- Internet Products / Services
- IT Services
- Media & Entertainment
- Pharma & Healthcare
- Renewable Products / Services
- Software
- Technology
- Transportation & Logistics
Market Fundamentals: Development of market indices and sector indices
Market Valuation: Development of valuation multiples (EV/EBITDA, EV/EBIT, P/E)
Sector Comparisons: Analysis and comparison of sectors across key financial metrics (Sales- & EBITDA growth rates, Margins, Leverage, Valuation)
Key findings of the FCF Valuation Monitor (Q1 2023):
- Over the past quarter, all four major German indices increased strongly with positive performances between 13.8% (TecDAX) and 10.1% (MDAX), despite major disruptions such as the collapse of the Silicon Valley Bank and the takeover of Credit Suisse by UBS
- The highest valuations in 2022 were achieved by companies in the Software (20.7x), Hightech / Advanced Machinery (15.9x) and Internet Products / Services (15.1x) sectors (basis: EV / EBITDA multiple). Considering the forecasts for 2023, the average EBITDA multiple of the Renewable Products / Services sector (16.6x) even exceeds the valuations of the peers Software (14.9x), Internet Products / Services (11.9x) and Hightech / Advanced Machinery (11.2x).
- Meanwhile, the Industrial Materials and Automotive Supply sectors show the lowest valuations at 6.7x and 7.2x in 2022 and 6.7x and 5.0x in 2023, respectively
SMALLCAP / MIDCAP RESEARCH SERIES
The FCF SmallCap / MidCap research reports are periodically updated and cover eight specific sectors as well as certain general capital market developments. Based on the data of publicly listed European corporates, the respective sector and market are individually analyzed. Our systematic analyses include information to, amongst others:
Sector Research
Automotive Supplier Market Study
Research on the automotive supplier sector based on available data from European automotive suppliers.
European Chemicals Market Study
Research on the chemicals sector based on available data from European chemical companies.
Forestry, Paper and Packaging Market Study Research on the forestry, paper and packaging sector based on available data from European forestry, paper and packaging companies.
Industrial Machinery Market StudyResearch on the industrial machinery sector based on available data from European industrial machinery companies.
Metals & Materials Market Study
Research on the metals & materials sector based on available data from European metals & materials producers.
Logistics & Transportation Market StudyResearch on the logistics and transport sector based on publicly available data from European logistics and transportation providers.
European Infrastructure & Construction Market StudyResearch on the logistics and transport sector based on publicly available data from European logistics and transportation providers.
European Pharmaceutical Market Study
Research on the pharma sector based on available data from European pharma companies.
TMT Market StudyResearch on the TMT sector based on available data from European TMT companies.
European Recycling Services Market Study
Research on the recycling services sector based on available data from European recycling services companies.
Market Research
Bank Monitor
Analysis of the historic and current spreads of credit default swaps for banks most active in the German corporate lending market.
IPO Market MonitorProviding relevant valuation metrics (e.g. ratios, multiples), general information and performance data of European IPOs that have been issued within the last six months.
Valuation MonitorThe FCF Valuation Monitor is a comprehensive quarterly valuation analysis (e.g. ratios and multiples) for the German small / midcap market segment of selected industry sectors.
Interest & Corporate Loan MonitorComprehensive analysis of the interest rate environment and loan market for corporates in Germany.
NEWS & PRESS
FCF Valuation Monitor – Q1 2023 published
FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Valuation Monitor – Q1 2023”. The FCF Valuation Monitor is a comprehensive valuation analysis for the German small / midcap market segment and
FCF Industrial Machinery Market Study – 2023
FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Industrial Machinery Market Study – 2023”. Based on available data from European industrial machinery producers, the FCF Industrial Machinery Market Study is a
FCF Recycling Services Market Study – 2023 published
FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Recycling Services Market Study – 2023”. Based on available data from European recycling services companies, the FCF Recycling Services Market Study is a
FCF Bank Monitor – Q1 2023 published
FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q1 2023”. FCF regularly engages in research on the banking sector based on available data from the most active and
FCF Interest & Corporate Loan Monitor Q4/2022 published
FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q4/2022”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available
