Listed Tech companies

DAXsector All Technology outperforms the DAX, TecDAX and DAXsector All Software

The DAXsector All Technology tracks the performance of technology companies on the Frankfurt Stock Exchange. With a 23.88 per cent rise over the past twelve months, it is the IT sector front-runner. It has even overtaken the TecDAX, which tracks the performance of the 30 largest German tech companies and has gained a comparatively modest 2.71 per cent.

Despite COVID-19, the IT sector performed well overall and was able to make up for more than half of its losses caused by the pandemic. As a result, the sector also outperformed the DAX, which recorded a 0.71 per cent loss over the past twelve months. The DAXsector All Software rose by only 0.14 per cent over the same period, bringing it to the tail end of the IT sector.

init innovation in traffic systems SE: best performing IT company within the past twelve months

With a 129 per cent increase in value per share over the past twelve months, the technology company init innovation in traffic systems SE (WKN: 575980), a provider of ITS solutions in public transportation, has seen the strongest development among IT companies. Runners-up are SECUNET SECURITY AG (WKN: 727650), a software company for security applications, with an 80 per cent rise and IVU Traffic Technologies AG (WKN: 744850), a software service provider in public transport, at 70 per cent.

In the extended tech sector*, TecDAX company SARTORIUS AG, biotech company STRATEC SE, manufacturer of laser systems for the technology industry LPKF Laser & Electronics AG, and supplier of combined heat and power plants 2G Energy AG all saw a particularly favourable development. The cloud PBX provider NFON AG is the market leader in the telecommunications sector and has been listed since 2018.

*Telecommunications, biotechnology, medical technology, advanced industrial equipment & renewable energies


30 per cent of companies listed at the Frankfurt Stock Exchange are classified as tech

On the Frankfurt Stock Exchange, over 30 per cent of all listed companies are classified as tech companies. Of these, over 50 per cent are active in the IT sector, with a majority operating in software. These companies include heavyweights SAP SENEMETSCHEK AG and Bechtle AG, but also small and medium-sized companies such as DATAGROUP SE and Mensch und Maschine Software SE. The most recent additions to the software sector are the database provider Exasol AG in Scale and TeamViewer AG, a provider of remote connectivity solutions, in the Prime Standard. Both companies have developed positively since their first day of trading. Among the technology sector companies, 19 per cent are active operationally.

The sub-sectors biotechnology, medical technology, advanced industrial equipment and renewable energies as well as the telecommunications sector are also classified as tech on the Frankfurt Stock Exchange.



TecDAX companies have an average market capitalisation of €14 billion and an average monthly trading volume of €1.03 million 

The market capitalisation reflects the value of the company on the stock exchange. On the Frankfurt Stock Exchange, more than 50 per cent of tech companies are small cap companies with a market capitalisation of less than €250 million. Otherwise, the TecDAX includes the 30 largest listed tech companies in Frankfurt. In total, just under 20 per cent of the listed tech companies are so-called large caps with a market capitalisation of over €1.5 billion. The largest listed technology group in Germany is SAP SE, with a market capitalisation of €153 billion.



The average trading volume of a TecDAX company in June was €1.03 billion. By comparison, the average monthly trading volume for an MDAX company was €421 million, and 3.54 billion in DAX. Within the first quarter of 2020, the average trading volume rose by almost 50 per cent as a result of COVID-19. 

OBTO = Order Book Turnover

Brockhaus Capital Management AG and Exasol AG: newcomers at the Frankfurt Stock Exchange

 The capital market is actively used by tech companies for corporate financing. Over the past two years alone, tech companies have raised more than €4 billion each on the capital market. The carve-out of Siemens Healthineers AG with an issue volume of €4.2 billion and the IPO of TeamViewer AG with an issue volume of €1.97 billion determined a large part of this volume. While the capital increases between 2015 and 2017 accounted for a significant portion of capital market financing, only a small portion was raised through capital increases in 2018.

in EUR

TecDAX investors

Investors

Country

No. Investments

Allianz Global Investors GmbH

GER

9

BlackRock, Inc.

US

6

DWS Investment GmbH

GER

5

Baillie Gifford & Co

UK

3

Flossbach von Storch AG

GER

2

Invesco Ltd.

US

3

Latest Tech-IPOs:

 
 
 

Largest German M&A deal by a listed tech company in the biotechnology sector

The largest M&A deal by listed tech companies was the sale of Audentes Therapeutics at the end of 2019 for approximately US$3 billion. The takeover of Adesto Technologies Corporation by Dialog Semiconductor plc in February 2020 was the largest buy-side acquisition between 2019 and June 2020.

Company

Sector

Transaction-Side

Transaction target

Price

Date

BB Biotech AG

Pharma & Healthcare

Sell-Side

Audentes Therapeutics 

3 Mrd. US$

Q4 2019

Dialog Semiconductor plc

Technology

Buy-Side

Adesto Technologies Corporation 

500 Mio. US$

Feb-20

QSC AG

Technology

Sell-Side

Plusnet GmbH

229 Mio.€

Jun-19

CompuGroup Medical SE & Co. KGaA

Software

Buy-Side

Teil des IT Healthcare Portfolios 

225 Mio.€

Feb-20

4basebio AG

Pharma & Healthcare

Sell-Side

Proteomics and Immunology business

120 Mio.€

Jan-20

EVOTEC SE 

Pharma & Healthcare

Buy-Side

Just Biotherapeutics, Inc

90 Mio. US$

May-19

CompuGroup Medical SE & Co. KGaA

Software

Buy-Side

MB Invest SAS

72 Mio.€

Dec-19


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Data source: Deutsche Börse AG                                                                               As at 30 June 2020

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