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Serviceware SE
(XETRA:SJJ)
Select Model
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Rating:57Neutral
Price Target:
€14.50
â–¼(-2.36% Downside)
Action:Reiterated
Date:10/28/26
The score is driven primarily by improving fundamentals (steady revenue growth, return to net profitability, and positive free cash flow), tempered by increased leverage and uneven margins. Technicals are supportive with price trading above major moving averages and a positive MACD, but valuation is a meaningful headwind given the high P/E.
Positive Factors
Steady revenue growth
Sustained revenue growth over several years indicates expanding business scale and ongoing demand for Serviceware’s enterprise service-management software. A larger revenue base can support broader customer relationships, increased cross-selling of modules, and greater operating leverage as the platform matures.
Negative Factors
Sharp increase in leverage
The sharp rise in debt has changed Serviceware’s previously conservative capital structure and reduces financial flexibility. Higher leverage increases sensitivity to refinancing conditions and interest costs, while also limiting the company’s ability to absorb weaker operating performance or fund expansion without additional financial pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained revenue growth over several years indicates expanding business scale and ongoing demand for Serviceware’s enterprise service-management software. A larger revenue base can support broader customer relationships, increased cross-selling of modules, and greater operating leverage as the platform matures.
Read all positive factors
Serviceware SE (SJJ) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€148.05M
Dividend YieldN/A
Average Volume (3M)9.34K
Price to Earnings (P/E)59.3
Beta (1Y)0.42
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. Volume11,701
30 Day Avg. Volume9,339
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)0.19
Revenue Forecast (FY)€129.45M
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 | 4.05M | 3.76M | 3.80M | 595.88K | -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 Technical Analysis
Positive
14.85
Price Trends
13.55
Positive
13.65
Positive
13.54
Positive
Market Momentum
0.08
Negative
64.22
Neutral
86.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SJJ, the sentiment is Positive. The current price of 14.85 is above the 20-day moving average (MA) of 13.13, above the 50-day MA of 13.55, and above the 200-day MA of 13.54, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 64.22 is Neutral, neither overbought nor oversold. The STOCH value of 86.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:SJJ.
Serviceware SE Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | €1.51B | 29.41 | 55.52% | 2.41% | 12.01% | 11.51% | |
78 Outperform | €248.87B | 29.94 | 17.84% | 1.17% | 7.92% | 16.68% | |
77 Outperform | €714.22M | 16.10 | 26.73% | 0.92% | 15.28% | 111.02% | |
74 Outperform | €179.85M | 14.09 | 30.98% | 3.06% | 7.53% | 36.30% | |
69 Neutral | €1.20B | 9.19 | 68.55% | ― | 5.39% | 3.05% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | €148.05M | 59.34 | 5.37% | ― | 12.98% | 375.18% |
* Technology Sector Average
DE:SJJ
Serviceware SE
14.10
-4.65
-24.80%
DE:AOF
ATOSS Software
94.70
-22.43
-19.15%
DE:SAP
SAP SE
213.15
-17.04
-7.40%
DE:SHF
SNP Schneider Neureither & Partner AG (Schneider Neureither & Partner AG)
98.20
23.40
31.28%
DE:TMV
TeamViewer AG
7.63
1.16
17.85%
DE:FAA
Fabasoft AG
16.35
1.03
6.72%
Serviceware SE Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Serviceware SE Expands 2026 Share Buyback, Lifting Total Repurchases to 132,100 Shares
Positive
Oct 27, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 8,201 shares between 19 and 23 October on Xetra at average prices around EUR 13.2 to EUR 13.7. The transactions over this five-day period amounted to a total volume of abo...
Business Operations and StrategyRegulatory Filings and Compliance
Serviceware SE Gains New Significant Shareholder as Mission Trail Partners Takes 3.97% Stake
Positive
Oct 26, 2026
Serviceware SE, a German enterprise software provider based in Idstein, develops digital solutions for service management and business process optimization. Its shares are listed on the Frankfurt regulated market and several regional trading venue...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Serviceware Expands 2026 Share Buyback to Nearly 124,000 Shares
Positive
Oct 20, 2026
Serviceware SE reported progress in its 2026 share buyback programme, repurchasing 9,600 shares between 12 and 16 October 2026 on the Xetra trading platform at an average price of around EUR 13 per share. The total consideration for this latest tr...
Business Operations and StrategyStock Buyback
Serviceware expands 2026 share buyback, tops 114,000 repurchased shares
Positive
Oct 13, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 8,500 shares between 5 and 9 October 2026 on the Xetra trading venue at an aggregate value of about EUR 111,574, excluding transaction costs. This latest tranche brings to...
Regulatory Filings and Compliance
Chelverton cuts Serviceware SE stake below 3% threshold
Neutral
Oct 6, 2026
Serviceware SE has reported a change in its shareholder structure following a notification under Germany’s WpHG securities law. Chelverton Asset Management Holdings Limited, via its controlled entities, has reduced its stake in Serviceware t...
Regulatory Filings and Compliance
Serviceware SE reports reduction in stake by MI Chelverton fund
Neutral
Oct 6, 2026
Serviceware SE has disclosed a change in its shareholder structure following a voting rights notification under Germany’s WpHG rules. The MI Chelverton Equity Fund – European Select Fund reduced its stake in Serviceware to 2.30% of vot...
Stock Buyback
Serviceware Continues 2026 Share Buyback, Reaching Over 105,000 Shares
Positive
Oct 6, 2026
Serviceware SE reported progress in its 2026 share buyback programme, under which it repurchased 6,400 shares between 28 September and 2 October 2026 on the XETRA exchange. The purchases were executed at average prices around EUR 13 per share, ref...
Business Operations and StrategyStock Buyback
Serviceware SE Advances 2026 Share Buyback, Total Reaches 99,399 Shares
Positive
Sep 29, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 3,936 shares between 21 and 25 September 2026 on Xetra at an aggregate value of €51,323, excluding transaction costs. With this latest tranche, the company has bough...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Serviceware Expands 2026 Share Buyback to Over 95,000 Shares
Positive
Sep 22, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 3,063 own shares on the Xetra exchange between 14 and 18 September 2026 at an average price of just over EUR 13, for a total consideration of about EUR 40,243 excluding tr...
Business Operations and StrategyStock Buyback
Serviceware SE Adds 2,500 Shares to Ongoing 2026 Buyback Programme
Positive
Sep 15, 2026
Serviceware SE continues its 2026 share buyback programme, reporting the repurchase of 2,500 own shares between 7 and 11 September on the Xetra exchange at average prices between EUR 13.63 and EUR 14.44, for a total volume of about EUR 35,014 excl...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Serviceware SE Advances 2026 Share Buyback, Reaches 89,900 Repurchased Shares
Positive
Sep 8, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 2,900 shares between 31 August and 4 September 2026 at average prices around €14.4 per share, for a total volume of €42,095 excluding transaction costs. The tr...
Business Operations and StrategyStock Buyback
Serviceware SE Expands 2026 Share Buyback Programme
Positive
Sep 1, 2026
Serviceware SE has been conducting a share buyback programme in 2026 as part of its capital management strategy, repurchasing its own shares on the Frankfurt Stock Exchange via ICF BANK AG. The initiative underscores the company’s focus on a...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Serviceware SE Adds 6,000 Shares to 2026 Buyback, Total Reaches 82,700
Positive
Aug 25, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 6,000 shares on the Frankfurt Xetra market between 17 and 21 August 2026 at average prices around EUR 14.6, for a total consideration of EUR 88,139.85 excluding transactio...
Business Operations and StrategyStock Buyback
Serviceware SE Expands 2026 Share Buyback to 76,700 Shares
Positive
Aug 18, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 6,500 shares on the Xetra exchange between 10 and 14 August at average prices around €14.8, for a total consideration of €96,732.40 excluding transaction costs...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Serviceware SE Expands 2026 Share Buyback, Reaches 70,200 Repurchased Shares
Positive
Aug 11, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 8,200 shares between 3 and 7 August on the Xetra exchange. The daily purchases were executed at average prices around €14.8 to €15.0, bringing the total value ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Serviceware SE Advances 2026 Share Buyback, Reaching 62,000 Repurchased Shares
Positive
Aug 4, 2026
Serviceware SE has continued its 2026 share buyback programme, repurchasing 8,000 shares on the Frankfurt Xetra exchange between 27 and 31 July 2026 at average prices around €14.7 to €15, for a total consideration of approximately S...
Business Operations and StrategyStock Buyback
Serviceware Expands 2026 Share Buyback to 54,000 Shares
Positive
Jul 28, 2026
Serviceware SE has provided a seventh interim update on its 2026 share buyback programme, reporting the repurchase of 6,700 shares between 20 and 24 July 2026 at an aggregate volume of about EUR 96,272 on Xetra. This lifts the total number of shar...
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.