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German maker of workforce-management software that helps companies schedule shifts, track time and plan staffing.
German maker of workforce-management software that helps companies schedule shifts, track time and plan staffing.
Moves customers from one-off licences to subscriptions, so cloud subscription fees now carry growth, with implementation consulting adding one-off fees. Most customers are in German-speaking Europe.
In one line: A German Kronos/UKG for workforce scheduling.
Moat: narrow (switching costs, installed base). Embedded scheduling software with high switching costs once integrated into payroll/HR systems, but competes with larger HCM suites.
Headquarters: Munich, Germany · Founded: 1987 · Employees: 856
Size ATOSS Software (AOF.DE) is a Germany Information Technology company (Electronic Components) with a market value of $1.59B, the 121st largest of 205 Germany companies the cockpit tracks. Shares closed at €88.90 on 6 Nov 2026.
Performance Over six months the shares gained 25.7%, against -23.6% for the median peer and +2.6% for the Germany market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 12.0% over the last twelve months (peer median +13.8%); the operating margin is 36.5% (peer median 8.3%).
Valuation It trades at 26.2× forward earnings against a peer median of 29.4× (5th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -3 pp: the price already allows for a slowdown.
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €200M | €189M | €171M | €151M | €114M |
| Revenue growth | — | +11% | +13% | +33% | — |
| Gross profit | €157M | €145M | €129M | €114M | €80.1M |
| EBITDA | €78.0M | €72.7M | €67.5M | €56.1M | €34.6M |
| Net income | €51.2M | €48.4M | €45.5M | €35.8M | €19.4M |
| Free cash flow | €68.6M | €46.2M | €58.5M | €50.8M | €25.3M |
| Capital expenditure | €981,034 | €1.00M | €925,008 | €1.87M | €1.02M |
| Total debt | n/a | €6.84M | €6.59M | €8.42M | €10.3M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ATOSS Software AOF.DE | $1.59B | +26% | +12% | 37% | 26.2× | 14.0% |
| Workday WDAY | $46.5B | +51% | +14% | 13% | 16.0× | 19.7% |
| Sap SAP.DE | $276B | +49% | +8% | 29% | 29.8× | 14.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AOF.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.2% | -19.1% | 2nd highest of 21 |
| 6-month return | +25.7% | -23.6% | highest of 21 |
| Distance from 52-week high | -28.3% | -53.8% | 2nd highest of 21 |
| Revenue growth (TTM) | +12.0% | +13.8% | 10th lowest of 21 |
| Operating margin | 36.5% | 8.3% | highest of 21 |
| Forward P/E | 26.2× | 29.4× | 5th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 14.0% | 16.0% | 6th least demanding of 13 |
| Growth delivered (Del g) | +17.1% | +10.2% | highest of 13 |
| Hurdle (Req g minus delivered) | -3.0 pp | +6.3 pp | 2nd least demanding of 13 |
| EV / EBITDA | 17.0× | 16.0× | 2nd most expensive of 5 |
| Net debt / EBITDA | -1.1× | 0.7× | 2nd least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ATOSS Software AOF.DE | Germany | $1.59B | +26% | +12% | 37% | 26.2× | 14.0% | +17.1% |
| Shenzhen Colibri Technologies 002957.SZ | China | $1.57B | -43% | +31% | 9% | 28.6× | n/a | n/a |
| Ennoconn 6414.TW | Taiwan | $1.54B | -6% | +8% | 6% | 11.7× | -6.8% | +11.1% |
| Shanghai Xizhi Technology 1879.HK | Hong Kong | $1.66B | -84% | +77% | -648% | n/a | n/a | n/a |
| Hubei DOTI Micro Technology 301183.SZ | China | $1.67B | -23% | +30% | 18% | 44.7× | n/a | n/a |
| YD Electronic Technology 301123.SZ | China | $1.50B | -37% | +44% | -3% | 33.9× | n/a | n/a |
| Guangdong Ellington Electronics Technology 603328.SS | China | $1.49B | -13% | +14% | 10% | n/a | 8.9% | +9.3% |
| Changshu Tianyin Electromechanical 300342.SZ | China | $1.72B | -60% | -6% | 1% | n/a | n/a | n/a |
| Ningbo Yong Xin Optics 603297.SS | China | $1.72B | -9% | +27% | 19% | 43.1× | 36.5% | +10.8% |
| Guangdong Goworld 000823.SZ | China | $1.45B | +9% | +13% | 8% | n/a | 8.8% | +4.2% |
| Chengdu Hongming Electronics 301682.SZ | China | $1.74B | -24% | +4% | 19% | n/a | 13.0% | -6.2% |
| Jiangxi Welgao Electronics 301251.SZ | China | $1.39B | +9% | +62% | 9% | n/a | n/a | n/a |
| Cembre CMB.MI | Italy | $1.37B | -24% | +11% | 26% | 22.1× | 12.8% | +12.2% |
| NCAB NCAB.ST | Sweden | $1.37B | 0% | +25% | 11% | 30.1× | 19.2% | +12.1% |
| Hunan Aihua 603989.SS | China | $1.33B | +12% | +17% | 8% | n/a | 16.9% | +9.6% |
| Huizhou CEE Technology 002579.SZ | China | $1.29B | 0% | -2% | -2% | n/a | n/a | n/a |
| Beijing Yuanliu Hongyuan Electronic Technology 603267.SS | China | $1.28B | -30% | -2% | 8% | 25.5× | 24.4% | +1.1% |
| Wenzhou Yihua Connector 002897.SZ | China | $1.24B | -26% | -7% | 6% | 16.9× | 15.2% | +14.4% |
| Wuhu Token Science 300088.SZ | China | $2.03B | -18% | -15% | 0% | 31.7× | n/a | n/a |
| Shenzhen Jufei Optoelectronics 300303.SZ | China | $1.23B | -35% | +2% | 5% | n/a | 18.0% | +8.1% |
| Xiamen Leading Optics 605118.SS | China | $2.05B | -31% | +32% | 34% | n/a | 20.4% | +14.8% |