Original-Research: PSI Software SE (von Quirin Privatbank Kapitalmarktgeschäft): Hold
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Original-Research: PSI Software SE - from Quirin Privatbank Kapitalmarktgeschäft
Classification of Quirin Privatbank Kapitalmarktgeschäft to PSI Software SE
Strong 9M, guidance confirmed On October 30, 2025, PSI released its 9M 2025 results and confirmed its guidance for 2025. Revenue growth was strong (+14.8% yoy to EUR 203.6m), exceeding our estimate by 1.0%. Growth was supported by higher demand across all segments, particularly in Grid & Energy Management, which benefited from strong project activity despite restructuring. The adjusted EBIT margin of 2.8% was in line with our estimate, while the unadjusted margin improved slightly from -10.9% to -10.0% yoy, mainly affected by restructuring and transaction costs linked to the Warburg Pincus agreement. PSI reaffirmed its full-year guidance of around 10.0% yoy revenue growth and an adjusted EBIT margin of around 4.0%, in line with our expectations. We raise our target price to EUR 45.00 (previously EUR 36.50) due to the Warburg Pincus deal and change our recommendation to Hold. You can download the research here: PSI_SOFTWARE_AG_20251104 For additional information visit our website: https://research.quirinprivatbank.de/ Contact for questions: Quirin Privatbank AG Institutionelles Research Schillerstraße 20 60313 Frankfurt am Main research@quirinprivatbank.de https://research.quirinprivatbank.de/
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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2223784 04.11.2025 CET/CEST
Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.
| The most important financial data at a glance | ||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025e | ||
| Sales1 | 225,18 | 217,80 | 245,49 | 247,94 | 269,89 | 260,84 | 286,00 | |
| EBITDA1,2 | 28,04 | 27,17 | 37,94 | 34,00 | 20,16 | -0,63 | 25,80 | |
| EBITDA-Margin3 | 12,45 | 12,48 | 15,46 | 13,71 | 7,47 | -0,24 | 9,02 | |
| EBIT1,4 | 17,21 | 14,95 | 24,96 | 20,19 | 5,56 | -15,24 | 11,40 | |
| EBIT-Margin5 | 7,64 | 6,86 | 10,17 | 8,14 | 2,06 | -5,84 | 3,99 | |
| Net Profit (Loss)1 | 14,26 | 10,28 | 15,84 | 9,69 | 0,32 | -20,96 | 5,85 | |
| Net-Margin6 | 6,33 | 4,72 | 6,45 | 3,91 | 0,12 | -8,04 | 2,05 | |
| Cashflow1,7 | 12,48 | 24,83 | 38,75 | 3,36 | 16,78 | -19,68 | 0,00 | |
| Earnings per share8 | 0,91 | 0,66 | 1,01 | 0,62 | 0,02 | -1,35 | 0,35 | |
| Dividend per share8 | 0,05 | 0,30 | 0,05 | 0,40 | 0,00 | 0,00 | 0,15 | |
1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de
Auditor: RSM Ebner Stolz
All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.
| INVESTOR-INFORMATION | ||||||
| ©boersengefluester.de | ||||||
| PSI Software | ||||||
| WKN | ISIN | Legal Type | Marketcap | IPO | Recommendation | Plus Code |
| A0Z1JH | DE000A0Z1JH9 | AG | 701,67 Mio € | 31.08.1998 | Kaufen | 9F4MGCF4+FG |
| PE 2026e | PE 10Y-Ø | BGFL-Ratio | Shiller-PE | PB | PCF | KUV |
| 34,92 | 31,06 | 1,12 | 110,64 | 7,35 | -35,65 | 2,69 |
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Dividend '2023 in € |
Dividend '2024 in € |
Dividend '2025e in € |
Div.-Yield '2025e in % |
| 0,00 | 0,00 | 0,15 | 0,33% |
| Annual General Meeting | Q1-figures | Q2-figures | Q3-figures | Annual press conference |
| 20.05.2025 | 30.04.2025 | 31.07.2025 | 30.10.2025 | 27.03.2025 |
| Distance 60-days-line | Distance 200-days-line | Performance YtD | Performance 52 weeks | IPO |
| +17,02% | +42,62% | +113,27% | +116,35% | +89,23% |
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