Listed Tech companies

DAXsector All Technology continues to outperform DAX, TecDAX and DAXsector All Software

The DAXsector All Technology, which tracks the performance of all technology stocks traded on the Frankfurt Stock Exchange, heads the IT sector with 33.52 per cent growth within the past twelve months. It thus continues to outperform the TecDAX, which includes the 30 largest German tech companies. The latter recorded gains of 4.87 per cent over the past twelve months. The DAXsector All Software saw the poorest performance within the IT sector, with losses of 9.26 per cent.

Heidelberg Pharma AG: fastest-growing IT company within the past twelve months

At 228 per cent growth within the past twelve months, Biotech company Heidelberg Pharma AG (WKN: A11QVV) heads the list of IT companies with the strongest development. Runners-up were   technology and consulting solutions provider ATOSS Software AG (WKN: 510440) with gains of 131 per cent and the software and services company EQS Group AG (WKN: 549416) with 117 per cent.

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

On the Frankfurt Stock Exchange, 31 per cent of all listed companies are classified as Tech companies. Of these, over 50 per cent are active in the IT sector, and the majority is operationally active in the Software sector. They include heavyweights such as SAP SE, NEMETSCHEK AG and Bechtle AG as well as SMEs such as DATAGROUP SE and Mensch & Maschine Software AG. The latest additions to the Software sector were the database provider Exasol AG in Scale and Nagarro SE, a provider of digital product development, in the Prime Standard. 19 per cent of the companies in the Tech sector are operational. The latest addition was HENSOLDT AG, a specialised provider of sensor solutions in the defence and security industry.

In addition, the sub-sectors Biotechnology, Medical Technology, Advanced Industrial Equipment and Renewable Energies as well as the Telecommunications sector are classified as Tech on the Frankfurt Stock Exchange.



TecDAX companies have an average market capitalisation of around €13 billion and an average monthly trading volume of €636 million.

 

Market capitalisation reflects the total value of a company’s stocks. On the Frankfurt Stock Exchange, just under 60 per cent of tech companies are so-called small- and mid-caps with a market capitalisation below €500 million. The 30 most valuable listed tech companies on the Frankfurt Stock Exchange are included in TecDAX. In total, more than 20 per cent of listed tech companies are so-called large caps with a market capitalisation of over €1.5 billion. The largest listed tech company in Germany is SAP SE with a market capitalisation of over €131 billion.


The average trading volume of a TecDAX company was €636 million in December 2020. By comparison, the average monthly trading volume in MDAX was €330 million; in DAX, it was €2.24 billion.

OBTO = Order Book Turnover

Frankfurt Stock Exchange newcomers: HENSOLDT AG and Nagarro SE  

Despite the fact that companies actively tap the capital market for corporate financing, its transaction volume ropped to 1.1 billion in 2020. In both 2018 and 2019, tech companies had raised more than €4 billion on the capital market. A large part of the volume was due to 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. While capital increases accounted for a significant share of capital market financing in the years 2015 to 2017, only a small share was raised in this way in 2018 and 2020.


in EUR

TecDAX investors

Investors

Country

No. Investments

BlackRock, Inc.

US

7

Allianz Global Investors GmbH

GER

6

DWS Investment GmbH

GER

4

Invesco Ltd.

US

3

T. Rowe Price Group, Inc.

US

3

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Largest German M&A deal of a listed company from the medical tech sector

In 2020, the largest M&A deal among listed tech companies was the purchase of US group Varian, a specialist in radiation therapy, by Siemens Healthineers for approximately €16.4 billion in August 2020. With the acquisition, Siemens Healthineers aims to achieve revenue and cost synergies in the field of cancer prevention. The sale of the shares in Sunrise Communication Group from Freenet AG in August 2020 was the largest vendor deal in 2020 with a transaction volume of approximately €1.1 billion. The sale of the Sunrise shares strengthened Freenet AG’s capital base. The financial resources gained from the deal went, amongst other things, to the repayment of bullet loans. A further major M&A deal was the acquisition of Adesto Technologies Corporation by Dialog Semiconductor plc in February 2020, whereby Adesto intends to expand its presence in the market for the Industrial Internet of Things (IIOT).

Company

Sector

Transaction-Side

Transaction target

Price

Date

Siemens Healthineers AG

Pharma & Healthcare

Buy-Side

Varian Medical Services, USA

16,4 Mrd. €

Aug-20

Dialog Semiconductor plc

Technology

Buy-Side

Adesto Technologies Corporation 

463,48 Mio. €

Feb-20

CompuGroup Medical SE & Co. KGaA

Software

Buy-Side

E-Mds Inc.

203 Mio. €

Dec-20

SÜSS MicroTec SE

Technology

Buy-Side

PiXDRO

3,9 Mio. €

Mar-20


Data source: Deutsche Börse AG                                                                     As at 31 December 2020

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