Stock · MUM.DE · Technology

Mensch und Maschine Software SE

Germany · Small Cap · Revenue 12 mo. €250.8M

Price as of 11/06/2026

StockScorer score
2.7
of 10 3 of 11 points Low Match To the score
Price
€33.20
1 Y −29.3%
Market cap
€554.8M
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −9.4% a year (3 years)EBIT margin 16.3%Payout above 200% of operating cash flow

Mensch und Maschine Software SE provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas.

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Mensch und Maschine Software SE provides technical software and digitization solutions in computer aided design, manufacturing and engineering, product data and lifecycle management, and building information modeling and management areas. It operates in two segments, M+M Software and M+M Digitalization. The M+M Software segment develops standard software for the areas CAD and CAM, BIM and engineering, garden and landscaping, and CAE. The M+M Digitalization segment develops tailor-made software solutions. This segment is also involved in the customer-specific adaptations, training, and the Autodesk business. In addition, the company offers hyperMILL CAM software, a virtual machine; SOFiSTiK for structural analysis and reinforcement software for civil engineering; DATAflor software solutions for gardening, landscaping, and earthworks; eXs, a computer aided engineering software; and MapEdit, which connects geo and land register data with other data sources. Further, it provides PDM booster for connecting design data and commercial information; bim booster solutions for architecture and construction; and custom for variant design and configurator software. The company operates in Germany, Switzerland, Austria, the rest of Europe, and internationally. Mensch und Maschine Software SE was founded in 1984 and is headquartered in Starnberg, Germany.

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Summary

Mensch und Maschine Software SE is around the middle of the Technology sector overall

48.2 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 17.7% FCF growth a year, more than achieved over the last 5 and 10 years.

If free cash flow stays at €14M (2025), it supports €156M. The remaining €398.8M of the market value assume it grows 17.7% a year for 10 years and not at all afterwards.

Required FCF growth per year

17.7%

no growth afterwards

Market value breakdown€554.8M market value, price as of 11/06/2026

€156M without growth
€398.8M priced-in growth
  • 5 yrs achieved 5.3%
  • 10 yrs achieved 15.7%
  • priced in 17.7%

Valuation against its own history

Price to operating cash flow 12.1×, below its usual range.

Middle half of 20 quarters: 17.2× to 23.7×, median 19.4×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 3 speak against it.

What supports it

with respect to the priced-in expectation

  • High return on capital every year ROCE at least 17.8% (10 years)
  • Low capital needs capex median 2.0% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in 17.7%, achieved at most 15.7%
  • Revenue declined revenue −26.8% year on year
  • Dividend above free cash flow payout 238.1% of FCF

Since the last quarter

Q2 → Q3 2026

Mostly better than the previous quarter: 2 of 3 changes for the better.

  • Gross margin24.1% → 34.6%+10.5 ppbetter
  • Shares outstanding16.4M → 9.93M−39.4%better
  • Return on equity46.2% → 41.3%−4.9 ppworse

5 more unchanged: Revenue, 12 mo., FCF, 12 mo., EBIT margin, FCF margin, Net debt

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability52.9around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity40.44%14.60%Rank 88
Return on capital (Greenblatt)201.80%29.77%Rank 92
EBIT margin16.31%17.40%Rank 47
FCF margin5.88%18.54%Rank 21
Gross margin25.23%48.47%Rank 16
Growth26.9below the middleGrows more slowly than the sector: Revenue growth, 1 year −26.78%, sector 12.70%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−26.78%12.70%Rank 0
Earnings growth, 3 years per year7.16%9.54%Rank 45
Earnings growth, 5 years per year11.36%14.07%Rank 39
Sustainable growth (ROE × retained earnings)0.93%2.87%Rank 24
Valuation70.0above the middleValued lower than the sector: Earnings yield 5.75%, sector 2.64%.
MetricStockSector medianPosition in sector
Earnings yield5.75%2.64%Rank 85
FCF yield2.53%3.06%Rank 44
EV/saleslower is better2.475.18Rank 74
EV/EBITlower is better15.1226.24Rank 77
Momentum42.6around the middleShare price moving about like the sector.
MetricStockSector medianPosition in sector
Share price, 1 year−29.32%−0.59%Rank 17
Share price, 6 months−13.39%−4.46%Rank 40
Share price, 3 months−3.91%−5.84%Rank 53
Distance from 52-week high−26.55%−33.23%Rank 61
Quality50.8around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better12.88%1.65%Rank 17
Change in share countlower is better−1.45%−0.17%Rank 73
Dividend streak in years38Rank 51
Price reaction to results, market-adjusted0.30%−1.57%Rank 62
Balance sheet & risk45.9around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio39.11%53.98%Rank 29
Net debt/EBITDAlower is better0.67−0.20Rank 30
Debt to equitylower is better0.630.33Rank 26
Volatility, 1 yearlower is better26.93%50.37%Rank 98

Ten years in figures

Revenue from €167.1M (2016) to €238.6M (2025), 4.0% a year.

Fiscal years, amounts in EUR
YearRevenue, €MEBIT marginFCF, €MSharesNet debt, €M
2016167.17.5%11.116.5M22.3
2017160.99.5%11.916.3M16.3
2018185.410.6%13.116.4M11.2
2019245.911.1%21.716.8M24.6
2020244.012.7%29.416.8M14.6
2021266.213.0%31.616.9M3.4
2022320.513.1%33.316.8M13.5
2023322.314.5%44.216.8M−5.7
2024325.814.3%52.016.9M−23.9
2025238.616.3%14.016.7M33.7
2.7 / 10Low MatchStockScorer score3 of 11 points

2 of 7 StockScorer Score rules met · How the score is built

Mensch und Maschine Software SE mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Mensch und Maschine Software SE's score is built

Mensch und Maschine Software SE is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

2 of 7 rules met

3 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Mensch und Maschine Software SE stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • StockScorer Score
  • Defensive: Low Volatility
  • Mohanram G-Score: Growth Quality
  • Growth Momentum (CAN SLIM principle)
  • Undervalued Stocks: Multi-Factor Check
  • Levermann Strategy (13 Criteria)
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • High-Growth / Rule of 40
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum

Mensch und Maschine Software SE key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Mensch und Maschine Software SE.

MetricStockSector
P/E ratio17.435.1
P/B ratio7.05.5
Return on equity (ROE)40.4%14.6%
Equity ratio39.1%54.0%
Debt-to-equity (D/E)0.630.33
Dividend yield6.0%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

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TMV.DETeamViewer AGHigh7.3
CHG.DEChapters Group AGLow1.8
AOF.DEATOSS Software SElocked
NEM.DENemetschek AGlocked

Frequently asked questions about Mensch und Maschine Software SE stock

How does Mensch und Maschine Software SE stock (MUM.DE) score in the StockScorer model?
Mensch und Maschine Software SE stock reaches a StockScorer score of 2.7 out of 10, which is a low match with the rule-based strategies. 2 out of 7 flagship profile rules are met.
What is Mensch und Maschine Software SE's P/E ratio?
Mensch und Maschine Software SE's P/E ratio is 17.4. The Technology sector median is 35.1.
What sector is Mensch und Maschine Software SE in?
Mensch und Maschine Software SE is assigned to the Technology sector. Its rank within the sector is 48.2 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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