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Nemetschek posts strong Q1 revenue growth, remains undervalued despite AI fears and stock dips

Company Fundamentals
01 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Nemetschek SE reported a 17% revenue growth in constant currency for Q1 2026, showing improved profit margins and nearing completion of its transition to recurring SaaS revenue. The company expects 14-15% revenue growth and a 32-33% EBITDA margin for 2026, supported by its acquisition of HCSS. Despite recent stock declines and concerns about AI disruption, Nemetschek's shares trade about 33% below their intrinsic value of €78.38, suggesting significant upside potential, though short-term declines may still occur. This positions Nemetschek as a solid long-term investment in the architecture software sector.

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