ATOSS SOFTWARE SE (AOF.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:AOF • DE0005104400

84.2 EUR
-5.8 (-6.44%)
Last: Feb 4, 2026, 05:28 PM
Fundamental Rating

7

AOF gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 115 industry peers in the Software industry. AOF scores excellent points on both the profitability and health parts. This is a solid base for a good stock. AOF shows excellent growth, but is valued quite expensive already. These ratings would make AOF suitable for growth and quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • AOF had positive earnings in the past year.
  • AOF had a positive operating cash flow in the past year.
  • In the past 5 years AOF has always been profitable.
  • Each year in the past 5 years AOF had a positive operating cash flow.
AOF.DE Yearly Net Income VS EBIT VS OCF VS FCFAOF.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

1.2 Ratios

  • AOF has a better Return On Assets (35.91%) than 98.26% of its industry peers.
  • The Return On Equity of AOF (66.92%) is better than 96.52% of its industry peers.
  • The Return On Invested Capital of AOF (53.38%) is better than 100.00% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AOF is significantly above the industry average of 13.06%.
  • The last Return On Invested Capital (53.38%) for AOF is above the 3 year average (42.27%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 35.91%
ROE 66.92%
ROIC 53.38%
ROA(3y)28.16%
ROA(5y)26.86%
ROE(3y)51.74%
ROE(5y)51.76%
ROIC(3y)42.27%
ROIC(5y)39.07%
AOF.DE Yearly ROA, ROE, ROICAOF.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

1.3 Margins

  • Looking at the Profit Margin, with a value of 26.64%, AOF belongs to the top of the industry, outperforming 84.35% of the companies in the same industry.
  • AOF's Profit Margin has improved in the last couple of years.
  • AOF has a better Operating Margin (37.29%) than 95.65% of its industry peers.
  • AOF's Operating Margin has improved in the last couple of years.
  • AOF has a Gross Margin of 77.14%. This is in the better half of the industry: AOF outperforms 62.61% of its industry peers.
  • AOF's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 37.29%
PM (TTM) 26.64%
GM 77.14%
OM growth 3Y9.88%
OM growth 5Y6.56%
PM growth 3Y10.16%
PM growth 5Y7.03%
GM growth 3Y1.86%
GM growth 5Y1.89%
AOF.DE Yearly Profit, Operating, Gross MarginsAOF.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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9

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so AOF is creating value.
  • AOF has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AOF has about the same amount of shares outstanding.
  • AOF has a better debt/assets ratio than last year.
AOF.DE Yearly Shares OutstandingAOF.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
AOF.DE Yearly Total Debt VS Total AssetsAOF.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

2.2 Solvency

  • An Altman-Z score of 18.78 indicates that AOF is not in any danger for bankruptcy at the moment.
  • AOF's Altman-Z score of 18.78 is amongst the best of the industry. AOF outperforms 94.78% of its industry peers.
  • The Debt to FCF ratio of AOF is 0.17, which is an excellent value as it means it would take AOF, only 0.17 years of fcf income to pay off all of its debts.
  • AOF has a Debt to FCF ratio of 0.17. This is amongst the best in the industry. AOF outperforms 91.30% of its industry peers.
  • A Debt/Equity ratio of 0.06 indicates that AOF is not too dependend on debt financing.
  • AOF has a better Debt to Equity ratio (0.06) than 76.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.17
Altman-Z 18.78
ROIC/WACC6.34
WACC8.42%
AOF.DE Yearly LT Debt VS Equity VS FCFAOF.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M

2.3 Liquidity

  • AOF has a Current Ratio of 2.27. This indicates that AOF is financially healthy and has no problem in meeting its short term obligations.
  • AOF has a Current ratio of 2.27. This is amongst the best in the industry. AOF outperforms 80.87% of its industry peers.
  • AOF has a Quick Ratio of 2.27. This indicates that AOF is financially healthy and has no problem in meeting its short term obligations.
  • AOF has a better Quick ratio (2.27) than 80.87% of its industry peers.
Industry RankSector Rank
Current Ratio 2.27
Quick Ratio 2.27
AOF.DE Yearly Current Assets VS Current LiabilitesAOF.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 27.11% over the past year.
  • AOF shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 27.46% yearly.
  • Looking at the last year, AOF shows a quite strong growth in Revenue. The Revenue has grown by 12.85% in the last year.
  • AOF shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.04% yearly.
EPS 1Y (TTM)27.11%
EPS 3Y32.84%
EPS 5Y27.46%
EPS Q2Q%-9.72%
Revenue 1Y (TTM)12.85%
Revenue growth 3Y20.69%
Revenue growth 5Y19.04%
Sales Q2Q%9.24%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.84% on average over the next years. This is quite good.
  • Based on estimates for the next years, AOF will show a quite strong growth in Revenue. The Revenue will grow by 13.04% on average per year.
EPS Next Y5.76%
EPS Next 2Y9.04%
EPS Next 3Y11.37%
EPS Next 5Y10.84%
Revenue Next Year10.31%
Revenue Next 2Y11.81%
Revenue Next 3Y12.42%
Revenue Next 5Y13.04%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
AOF.DE Yearly Revenue VS EstimatesAOF.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 100M 200M 300M 400M
AOF.DE Yearly EPS VS EstimatesAOF.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4

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3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 29.44, which means the current valuation is very expensive for AOF.
  • Compared to the rest of the industry, the Price/Earnings ratio of AOF is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 28.18. AOF is around the same levels.
  • Based on the Price/Forward Earnings ratio of 26.16, the valuation of AOF can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of AOF is on the same level as its industry peers.
  • AOF is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 29.44
Fwd PE 26.16
AOF.DE Price Earnings VS Forward Price EarningsAOF.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • AOF's Enterprise Value to EBITDA ratio is in line with the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as AOF.
Industry RankSector Rank
P/FCF 30.38
EV/EBITDA 19.52
AOF.DE Per share dataAOF.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of AOF may justify a higher PE ratio.
PEG (NY)5.11
PEG (5Y)1.07
EPS Next 2Y9.04%
EPS Next 3Y11.37%

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5

5. Dividend

5.1 Amount

  • AOF has a Yearly Dividend Yield of 2.27%.
  • AOF's Dividend Yield is rather good when compared to the industry average which is at 0.64. AOF pays more dividend than 93.04% of the companies in the same industry.
  • AOF's Dividend Yield is a higher than the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 2.27%

5.2 History

  • The dividend of AOF is nicely growing with an annual growth rate of 11.00%!
Dividend Growth(5Y)11%
Div Incr Years3
Div Non Decr Years3
AOF.DE Yearly Dividends per shareAOF.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

  • 74.54% of the earnings are spent on dividend by AOF. This is not a sustainable payout ratio.
  • The dividend of AOF is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP74.54%
EPS Next 2Y9.04%
EPS Next 3Y11.37%
AOF.DE Yearly Income VS Free CF VS DividendAOF.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
AOF.DE Dividend Payout.AOF.DE Dividend Payout, showing the Payout Ratio.AOF.DE Dividend Payout.PayoutRetained Earnings

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ATOSS SOFTWARE SE

FRA:AOF (2/4/2026, 5:28:05 PM)

84.2

-5.8 (-6.44%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)01-30
Earnings (Next)04-24
Inst Owners25.89%
Inst Owner ChangeN/A
Ins Owners0.15%
Ins Owner ChangeN/A
Market Cap1.34B
Revenue(TTM)170.63M
Net Income(TTM)45.45M
Analysts76.92
Price Target139.74 (65.96%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.27%
Yearly Dividend1.69
Dividend Growth(5Y)11%
DP74.54%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.37%
PT rev (3m)0.37%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.27%
EPS NY rev (3m)2.8%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.37%
Valuation
Industry RankSector Rank
PE 29.44
Fwd PE 26.16
P/S 7.85
P/FCF 30.38
P/OCF 29.87
P/B 19.72
P/tB 19.76
EV/EBITDA 19.52
EPS(TTM)2.86
EY3.4%
EPS(NY)3.22
Fwd EY3.82%
FCF(TTM)2.77
FCFY3.29%
OCF(TTM)2.82
OCFY3.35%
SpS10.72
BVpS4.27
TBVpS4.26
PEG (NY)5.11
PEG (5Y)1.07
Graham Number16.57
Profitability
Industry RankSector Rank
ROA 35.91%
ROE 66.92%
ROCE 79.12%
ROIC 53.38%
ROICexc N/A
ROICexgc N/A
OM 37.29%
PM (TTM) 26.64%
GM 77.14%
FCFM 25.84%
ROA(3y)28.16%
ROA(5y)26.86%
ROE(3y)51.74%
ROE(5y)51.76%
ROIC(3y)42.27%
ROIC(5y)39.07%
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)62.65%
ROCE(5y)57.9%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y9.88%
OM growth 5Y6.56%
PM growth 3Y10.16%
PM growth 5Y7.03%
GM growth 3Y1.86%
GM growth 5Y1.89%
F-Score7
Asset Turnover1.35
Health
Industry RankSector Rank
Debt/Equity 0.06
Debt/FCF 0.17
Debt/EBITDA 0.06
Cap/Depr 16.68%
Cap/Sales 0.44%
Interest Coverage 521.48
Cash Conversion 65.81%
Profit Quality 97.02%
Current Ratio 2.27
Quick Ratio 2.27
Altman-Z 18.78
F-Score7
WACC8.42%
ROIC/WACC6.34
Cap/Depr(3y)31.12%
Cap/Depr(5y)28.05%
Cap/Sales(3y)0.89%
Cap/Sales(5y)0.93%
Profit Quality(3y)133.7%
Profit Quality(5y)131.64%
High Growth Momentum
Growth
EPS 1Y (TTM)27.11%
EPS 3Y32.84%
EPS 5Y27.46%
EPS Q2Q%-9.72%
EPS Next Y5.76%
EPS Next 2Y9.04%
EPS Next 3Y11.37%
EPS Next 5Y10.84%
Revenue 1Y (TTM)12.85%
Revenue growth 3Y20.69%
Revenue growth 5Y19.04%
Sales Q2Q%9.24%
Revenue Next Year10.31%
Revenue Next 2Y11.81%
Revenue Next 3Y12.42%
Revenue Next 5Y13.04%
EBIT growth 1Y22.74%
EBIT growth 3Y32.61%
EBIT growth 5Y26.85%
EBIT Next Year11.31%
EBIT Next 3Y12.72%
EBIT Next 5Y11.83%
FCF growth 1Y6.52%
FCF growth 3Y32.46%
FCF growth 5Y32.45%
OCF growth 1Y3.65%
OCF growth 3Y31.28%
OCF growth 5Y31.25%

ATOSS SOFTWARE SE / AOF.DE FAQ

Can you provide the ChartMill fundamental rating for ATOSS SOFTWARE SE?

ChartMill assigns a fundamental rating of 7 / 10 to AOF.DE.


Can you provide the valuation status for ATOSS SOFTWARE SE?

ChartMill assigns a valuation rating of 3 / 10 to ATOSS SOFTWARE SE (AOF.DE). This can be considered as Overvalued.


Can you provide the profitability details for ATOSS SOFTWARE SE?

ATOSS SOFTWARE SE (AOF.DE) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for AOF stock?

The Price/Earnings (PE) ratio for ATOSS SOFTWARE SE (AOF.DE) is 29.44 and the Price/Book (PB) ratio is 19.72.


Can you provide the dividend sustainability for AOF stock?

The dividend rating of ATOSS SOFTWARE SE (AOF.DE) is 5 / 10 and the dividend payout ratio is 74.54%.