FCF regularly engages in comprehensive research on the public German midcap market segment based on publicly available data. The findings are published quarterly in the
FCF VALUATION MONITOR
The FCF Valuation Monitor for the German mid-cap market includes:
Comprehensive Sector Coverage:
- 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)
- 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, Internet Products / Services and Renewable Products / Services 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, Consumer Products / Services and Construction Products / Services 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
MIDCAP RESEARCH SERIES
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.
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.
Credit MonitorComprehensive analysis of the interest rate environment and loan market for corporates in Germany.
Sector MonitorResearch on European listed companies from selected sectors (Automotive Suppliers, Construction Materials, Forestry, Paper & Packaging, Food & Beverages, Logistic & Transportation, Industrial Machinery, Pharma, Recycling, Software, TMT)
NEWS & PRESS
FCF Bank Monitor – Q1 2025 published
On a biannual basis, FCF publishes its FCF Bank-Monitor. The FCF Bank-Monitor is a research report, based on publicly available data, on the most active and largest 22 banking institutions addressing the German and Austrian
FCF Interest & Corporate Loan Monitor Q4/2024 published
FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q4/2024”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available
FCF Valuation Monitor – Q4 2024 published
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
FCF Bank Monitor – Q3 2024 published
On a biannual basis, FCF publishes its FCF Bank-Monitor. The FCF Bank-Monitor is a research report, based on publicly available data, on the most active and largest 22 banking institutions addressing the German and Austrian
FCF Interest & Corporate Loan Monitor Q1/2024 published
FCF Fox Corporate Finance GmbH is pleased to publish the new “FCF Interest & Corporate Loan Monitor Q1/2024”. FCF regularly conducts comprehensive research regarding the German corporate loan and interest market, based on publically available
