ATOSS Software AG (DE:AOF)
XETRA:AOF
Want to see DE:AOF full AI Analyst Report?
Top Page
ATOSS Software
(XETRA:AOF)
Select Model
Select Model
Rating:70Outperform
Price Target:
€78.00
▼(-5.45% Downside)
Action:Upgraded
Date: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
ATOSS exhibits durable margin advantages with operating/EBITDA margins in the mid-to-high 30% range and net margins near 17%–27%. Those sustained margins reflect strong pricing power, recurring software revenue and operational discipline, supporting profit resilience through cycles.
Negative Factors
Slowing Revenue Growth
Top-line momentum has cooled to ~6% in 2025 after prior double-digit growth. Slower revenue expansion can limit operating-leverage benefits, tighten future margin expansion opportunities and make it harder to sustain previous high ROE levels without renewed product or market expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
ATOSS exhibits durable margin advantages with operating/EBITDA margins in the mid-to-high 30% range and net margins near 17%–27%. Those sustained margins reflect strong pricing power, recurring software revenue and operational discipline, supporting profit resilience through cycles.
Read all positive factors
ATOSS Software (AOF) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.12B
Dividend Yield1.88%
Average Volume (3M)25.29K
Price to Earnings (P/E)22.9
Beta (1Y)0.79
Revenue Growth10.92%
EPS Growth6.42%
CountryDE
Employees805
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)3.05
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
€127.33Price Target Upside54.34% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)3.25
Revenue Forecast (FY)€214.02M
ATOSS Software Business Overview & Revenue Model
Company Description
ATOSS Software AG, along with its associated firms, specializes in crafting and distributing advanced software solutions for workforce management. Its operational footprint extends across Germany, Austria, and Switzerland, reaching a broader inter...
How the Company Makes Money
ATOSS primarily makes money by licensing and providing access to its workforce management software and by selling related services that support deployment and ongoing use. Key revenue streams typically include: (1) Software revenue: fees earned fr...
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 | 145.02M | 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
Negative
82.50
Price Trends
76.47
Negative
79.03
Negative
92.94
Negative
Market Momentum
-1.55
Positive
37.42
Neutral
8.18
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AOF, the sentiment is Negative. The current price of 82.5 is above the 20-day moving average (MA) of 76.34, above the 50-day MA of 76.47, and below the 200-day MA of 92.94, indicating a bearish trend. The MACD of -1.55 indicates Positive momentum. The RSI at 37.42 is Neutral, neither overbought nor oversold. The STOCH value of 8.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | €349.28M | 24.33 | 15.97% | 1.34% | 11.74% | 16.58% | |
76 Outperform | €156.62B | 20.97 | 17.25% | 1.13% | 6.24% | 30.65% | |
72 Outperform | €796.60M | 6.67 | 81.82% | ― | 9.10% | -5.18% | |
70 Outperform | €1.12B | 22.89 | 58.60% | 1.88% | 10.92% | 6.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €706.91M | -30.51 | -26.06% | ― | 9.19% | -37.73% |
* General Sector Average
DE:AOF
ATOSS Software
70.50
-64.69
-47.85%
DE:IVU
IVU Traffic Technologies
20.20
1.90
10.37%
DE:PSAN
PSI AG fuer Produkte und Systeme der Informationstechnologie
45.10
16.40
57.14%
DE:SAP
SAP SE
134.14
-111.64
-45.42%
DE:TMV
TeamViewer AG
5.08
-4.19
-45.19%
DE:SJJ
Serviceware SE
12.75
-3.70
-22.49%
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.