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Serviceware SE
(XETRA:SJJ)
Select Model
Select Model
Rating:53Neutral
Price Target:
€15.00
▲(3.09% Upside)
Action:N/A
Date:07/27/26
The score is primarily driven by mixed financial performance: revenue growth, a 2025 return to profitability, and positive free cash flow are constructive, but sharply weaker gross margin, still-negative operating profit, and the significant 2025 increase in leverage are meaningful risks. Technically, the stock shows improving momentum versus shorter moving averages but remains below the 200-day average. Valuation is a headwind due to the high P/E and lack of dividend support.
Positive Factors
Steady Revenue Growth
Consistent multi-year revenue growth to €115.3M by 2025 indicates durable demand for Serviceware’s enterprise software. Scale gains improve pricing leverage and cross-sell opportunities across modules, bolstering long-term recurring revenue potential and customer lifecycle value.
Negative Factors
Sharp Gross Margin Compression
A near halving of gross margin in 2025 materially weakens the company’s ability to convert revenue into sustainable profits. If structural (pricing, mix, higher service costs), this erosion increases break-even, limits reinvestment capacity, and raises sensitivity to revenue volatility over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Consistent multi-year revenue growth to €115.3M by 2025 indicates durable demand for Serviceware’s enterprise software. Scale gains improve pricing leverage and cross-sell opportunities across modules, bolstering long-term recurring revenue potential and customer lifecycle value.
Read all positive factors
Serviceware SE (SJJ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€154.35M
Dividend YieldN/A
Average Volume (3M)3.42K
Price to Earnings (P/E)61.0
Beta (1Y)0.41
Revenue Growth12.98%
EPS Growth375.18%
CountryDE
Employees424
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.24
Shares Outstanding10,500,000
10 Day Avg. Volume4,696
30 Day Avg. Volume3,423
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)3.56
Price to Sales (P/S)1.47
P/FCF Ratio46.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.21
Revenue Forecast (FY)€129.15M
Serviceware SE Business Overview & Revenue Model
Company Description
Serviceware SE provides a comprehensive suite of software solutions aimed at digitizing and automating service processes for clients internationally, with a strong presence in Germany, Austria, and Switzerland. The company's core offering is an in...
How the Company Makes Money
Serviceware SE makes money primarily by selling its enterprise software and related services to organizations that need to manage and automate service operations.
Key revenue streams typically include:
- Software licensing / subscription revenue:...
Serviceware SE Financial Statement Overview
Summary
Income Statement
53
Neutral
Balance Sheet
48
Neutral
Cash Flow
62
Positive
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 182.12M | 115.33M | 103.29M | 91.53M | 83.18M | 81.28M |
| Gross Profit | 7.73M | 8.78M | 17.04M | 2.07M | 2.44M | 4.14M |
| EBITDA | 4.17M | 3.76M | 3.80M | 595.87K | -1.51M | 2.21M |
| Net Income | 2.55M | 1.82M | -95.24K | -3.98M | -3.92M | -2.10M |
Balance Sheet | ||||||
| Total Assets | 191.41M | 171.40M | 155.05M | 124.74M | 108.78M | 110.78M |
| Cash, Cash Equivalents and Short-Term Investments | 24.34M | 26.41M | 26.71M | 25.02M | 29.30M | 34.32M |
| Total Debt | 5.14M | 42.43M | 4.64M | 5.93M | 8.45M | 9.56M |
| Total Liabilities | 143.62M | 123.54M | 108.68M | 78.49M | 58.91M | 56.83M |
| Stockholders Equity | 47.72M | 47.80M | 46.33M | 46.24M | 49.89M | 53.93M |
Cash Flow | ||||||
| Free Cash Flow | 140.73K | 3.66M | 8.19M | 1.07M | -83.02K | 5.29M |
| Operating Cash Flow | 627.31K | 4.11M | 9.89M | 1.27M | 776.79K | 6.01M |
| Investing Cash Flow | 718.19K | -1.26M | -4.99M | -2.03M | -2.56M | -1.58M |
| Financing Cash Flow | -2.69M | -3.13M | -3.22M | -3.30M | -3.46M | -3.97M |
Serviceware SE Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | €1.45B | 28.35 | 62.04% | 3.00% | 12.01% | 11.51% | |
75 Outperform | €169.95M | 16.41 | 27.13% | 3.75% | 7.53% | 36.30% | |
73 Outperform | €605.12M | 13.67 | 26.73% | ― | 15.28% | 111.02% | |
72 Outperform | €204.77B | 26.30 | 17.98% | 1.78% | 6.42% | 22.22% | |
69 Neutral | €1.01B | 8.20 | 68.55% | ― | 5.39% | 3.05% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | €154.35M | 61.03 | 5.37% | ― | 12.98% | 375.18% |
* Technology Sector Average
DE:SJJ
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Serviceware SE Corporate Events
Business Operations and StrategyStock Buyback
Serviceware SE Expands 2026 Share Buyback to 47,300 Shares
Positive
Jul 21, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 6,900 shares between 13 and 17 July on the Xetra exchange at average prices ranging from EUR 13.26 to EUR 14.31, for a total volume of about EUR 95,268 excluding transacti...
Financial DisclosuresRegulatory Filings and Compliance
Serviceware SE Schedules Publication of 2025/2026 Half-Year Results
Neutral
Jul 14, 2026
Serviceware SE has announced the upcoming release of its half-year financial report for the 2025/2026 fiscal period, covering results from December 1, 2025 to May 31, 2026. The report is scheduled to be published on July 24, 2026 via the company&#...
Business Operations and StrategyStock Buyback
Serviceware SE Expands 2026 Share Buyback Programme to 40,400 Shares
Positive
Jul 14, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 6,600 shares between 6 and 10 July on the Xetra exchange at an average price of around EUR 13 per share, for a total of EUR 86,165 excluding transaction costs. This latest...
Business Operations and StrategyStock Buyback
Serviceware SE Advances 2026 Share Buyback Programme
Positive
Jul 7, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 6,475 shares between 29 June and 3 July on the Xetra exchange for a total consideration of about EUR 85,770, excluding transaction costs. This brings the cumulative number...
Business Operations and StrategyStock Buyback
Serviceware SE advances 2026 share buyback programme
Positive
Jun 30, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 8,300 shares between 22 and 26 June on the Xetra trading venue at an aggregate value of about EUR 107,405, excluding transaction costs. With this latest tranche, the compa...
Business Operations and StrategyStock Buyback
Serviceware SE Reports Progress on 2026 Share Buyback Programme
Positive
Jun 23, 2026
Serviceware SE has provided a second interim update on its 2026 share buyback programme, confirming the repurchase of 8,625 shares between 15 and 19 June 2026 on the Xetra exchange at an aggregate value of about EUR 108,278.80. This brings total s...
Business Operations and StrategyStock Buyback
Serviceware SE Reports First Interim Results of 2026 Share Buyback Programme
Positive
Jun 16, 2026
Serviceware SE has begun executing its 2026 share buyback programme, repurchasing 10,400 shares between 8 and 12 June on the Xetra trading venue at an aggregate value of about €136,088, excluding transaction costs. The transactions, carried ...
Business Operations and StrategyStock Buyback
Serviceware SE Launches Up to EUR 5 Million Share Buyback Programme for 2026
Positive
May 21, 2026
Serviceware SE has approved a new share buyback programme for 2026, authorising the repurchase of up to 300,000 shares on the stock exchange for a total consideration of up to EUR 5 million between 1 June 2026 and 31 May 2027. The move is based on...
Business Operations and StrategyStock Buyback
Serviceware Launches €5 Million Share Buyback to Leverage Strong Cash Flow
Positive
May 21, 2026
Serviceware SE, headquartered in Idstein and employing more than 450 staff across 14 international locations, focuses on AI-driven enterprise service platforms for large and midsize customers, including numerous DAX-listed groups. Its technology c...
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.