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ATOSS Software
(XETRA:AOF)
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Rating:80Outperform
Price Target:
€99.00
▲(30.09% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial performance (excellent profitability, low leverage, and solid free cash flow), partially offset by slowing revenue growth and a recent dip in operating cash flow. Technicals are constructive but somewhat extended and still below the 200-day average, while valuation looks moderately premium despite a supportive dividend yield.
Positive Factors
High and sustainable margins
Consistently high operating and EBITDA margins signal durable unit economics and pricing power in workforce management software. These margins support reinvestment, R&D and services, helping sustain returns through business cycles and underpin long-term profitability even if top-line slows.
Negative Factors
Slowing revenue growth
A marked slowdown to ~6% growth risks compressing forward earnings expansion and could pressure high margins if cost scaling continues. Slower top-line momentum reduces optionality for expansion projects and raises the bar for margin maintenance through efficiency gains.
Read all positive and negative factors
Positive Factors
Negative Factors
High and sustainable margins
Consistently high operating and EBITDA margins signal durable unit economics and pricing power in workforce management software. These margins support reinvestment, R&D and services, helping sustain returns through business cycles and underpin long-term profitability even if top-line slows.
Read all positive factors
ATOSS Software (AOF) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.34B
Dividend Yield2.71%
Average Volume (3M)25.29K
Price to Earnings (P/E)26.1
Beta (1Y)0.87
Revenue Growth12.01%
EPS Growth11.38%
CountryDE
Employees856
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
€126.75Price Target Upside66.56% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)3.28
Revenue Forecast (FY)€213.86M
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
Positive
76.10
Price Trends
75.55
Positive
75.80
Positive
88.26
Negative
Market Momentum
3.98
Negative
66.03
Neutral
76.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:AOF, the sentiment is Positive. The current price of 76.1 is below the 20-day moving average (MA) of 78.21, above the 50-day MA of 75.55, and below the 200-day MA of 88.26, indicating a neutral trend. The MACD of 3.98 indicates Negative momentum. The RSI at 66.03 is Neutral, neither overbought nor oversold. The STOCH value of 76.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | €1.34B | 26.15 | 62.04% | 3.00% | 12.01% | 11.38% | |
77 Outperform | €397.69M | 27.86 | 15.97% | 1.31% | 11.74% | 16.58% | |
72 Outperform | €184.10B | 23.02 | 17.98% | 1.78% | 6.42% | 22.22% | |
69 Neutral | €940.23M | 7.22 | 68.55% | ― | 5.39% | 3.05% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €155.40M | 62.29 | 5.37% | ― | 12.98% | 375.18% | |
43 Neutral | €749.03M | -18.21 | -53.99% | ― | 2.02% | -814.09% |
* General Sector Average
DE:AOF
ATOSS Software
89.10
-21.23
-19.24%
DE:IVU
IVU Traffic Technologies
24.40
3.96
19.35%
DE:PSAN
PSI AG fuer Produkte und Systeme der Informationstechnologie
44.80
18.60
70.99%
DE:SAP
SAP SE
177.96
-67.23
-27.42%
DE:TMV
TeamViewer AG
6.54
-2.64
-28.74%
DE:SJJ
Serviceware SE
14.75
-4.00
-21.33%
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.