ATOSS Software AG (DE:AOF)
XETRA:AOF
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ATOSS Software
(XETRA:AOF)
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Rating:70Outperform
Price Target:
€82.00
▲(12.18% Upside)
Action:UpgradedDate:03/13/26
The score is driven primarily by strong financial performance (excellent margins, low leverage, and solid free cash flow). It is held back by weak technicals (below key moving averages with negative MACD) and a relatively high P/E, especially given cooling revenue growth and softer operating cash flow in the latest year.
Positive Factors
High Profitability
Sustained, very high operating and EBITDA margins indicate durable unit economics and operating discipline. For a workforce‑management software provider, this margin profile supports long‑term reinvestment in product, attractive cash generation, and resilience to competitive pressure.
Negative Factors
Slowing Revenue Growth
A marked slowdown in top‑line growth can reduce operating leverage and limit the company’s ability to expand margins or sustain very high ROE. Over months, slower revenue momentum makes it harder to scale recurring revenue and maintain previous profit expansion rates.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained, very high operating and EBITDA margins indicate durable unit economics and operating discipline. For a workforce‑management software provider, this margin profile supports long‑term reinvestment in product, attractive cash generation, and resilience to competitive pressure.
Read all positive factors
ATOSS Software (AOF) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.19B
Dividend Yield1.88%
Average Volume (3M)25.29K
Price to Earnings (P/E)38.0
Beta (1Y)0.74
Revenue Growth10.61%
EPS Growth12.46%
CountryDE
Employees805
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.90
Shares Outstanding15,906,272
10 Day Avg. Volume18,314
30 Day Avg. Volume25,288
Financial Highlights & Ratios
PEG Ratio6.03
Price to Book (P/B)18.89
Price to Sales (P/S)9.70
P/FCF Ratio39.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€142.40Price Target Upside94.80% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)3.2
Revenue Forecast (FY)€214.71M
ATOSS Software Business Overview & Revenue Model
Company Description
ATOSS Software AG, together with its subsidiaries, develops and sells workforce management software in Germany, Austria, Switzerland, and internationally. The company's solutions include Crewmeister; ATOSS Time Control, a software solution for tim...
How the Company Makes Money
ATOSS primarily makes money by selling and supporting its workforce management software. Revenue is generated through (1) software licensing/subscription fees for the right to use ATOSS workforce management products (including cloud/SaaS where app...
ATOSS Software Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
82
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 189.26M | 170.63M | 151.20M | 113.92M | 97.07M |
| Gross Profit | 189.26M | 131.62M | 116.58M | 82.71M | 70.85M |
| EBITDA | 72.88M | 64.72M | 52.80M | 31.68M | 28.42M |
| Net Income | 48.37M | 45.45M | 35.77M | 19.38M | 19.34M |
Balance Sheet | |||||
| Total Assets | 160.15M | 143.16M | 114.40M | 90.34M | 81.45M |
| Cash, Cash Equivalents and Short-Term Investments | 121.53M | 111.08M | 81.74M | 50.56M | 44.21M |
| Total Debt | 6.84M | 6.59M | 8.42M | 10.25M | 10.65M |
| Total Liabilities | 63.11M | 63.19M | 52.64M | 42.75M | 42.01M |
| Stockholders Equity | 97.15M | 80.08M | 61.87M | 47.70M | 39.55M |
Cash Flow | |||||
| Free Cash Flow | 46.24M | 58.55M | 50.78M | 25.25M | 25.23M |
| Operating Cash Flow | 47.23M | 59.47M | 52.65M | 26.27M | 26.28M |
| Investing Cash Flow | -1.00M | -10.93M | 10.07M | -2.68M | -13.43M |
| Financing Cash Flow | -37.50M | -30.11M | -25.50M | -17.38M | -15.81M |
ATOSS Software Technical Analysis
Neutral
73.10
Price Trends
84.52
Negative
98.11
Negative
106.77
Negative
Market Momentum
-2.87
Negative
47.01
Neutral
64.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AOF, the sentiment is Neutral. The current price of 73.1 is below the 20-day moving average (MA) of 79.11, below the 50-day MA of 84.52, and below the 200-day MA of 106.77, indicating a neutral trend. The MACD of -2.87 indicates Negative momentum. The RSI at 47.01 is Neutral, neither overbought nor oversold. The STOCH value of 64.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:AOF.
ATOSS Software Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €1.19B | 37.95 | 58.60% | 1.88% | 10.61% | 12.46% | |
67 Neutral | €162.87B | 33.16 | 16.82% | 1.13% | 9.70% | 161.70% | |
62 Neutral | €321.61M | 27.21 | 15.91% | 1.34% | 12.50% | 10.93% | |
61 Neutral | €669.62M | 8.03 | 96.15% | ― | 11.14% | 0.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €705.34M | -4.16 | -26.06% | ― | 9.19% | -37.73% |
* General Sector Average
DE:AOF
ATOSS Software
74.50
-47.11
-38.74%
DE:IVU
IVU Traffic Technologies
18.60
2.06
12.46%
DE:PSAN
PSI AG fuer Produkte und Systeme der Informationstechnologie
45.00
20.00
80.00%
DE:SAP
SAP SE
139.50
-88.44
-38.80%
DE:TMV
TeamViewer AG
4.27
-7.43
-63.54%
DE:SJJ
Serviceware SE
12.45
-1.65
-11.70%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.