Added to YB: 2026-06-25
Pitch date: 2026-06-23
AOF.DE [bullish]
ATOSS Software SE
Author Info
Boredom Baron is an equity analyst who focuses on EU small-cap stocks. I look for value, invest with patience, and wait for the market to catch up. Sign up for the newsletter.
Company Info
ATOSS Software SE, together with its subsidiaries, offers technology and consulting solutions for professional workforce management and demand optimized personnel deployment in Germany, Austria, Switzerland, Netherlands, Romania, and internationally.
Market Cap
EUR 1.1B
Pitch Price
N/A
Price Target
157.00 (+116%)
Dividend
3.20%
EV/EBITDA
13.49
P/E
22.75
EV/Sales
5.23
Sector
Software
Category
growth
A 49% sale on a company nobody is allowed to dislike - $AOF.DE
AOF.DE: German workforce-mgmt SaaS down 49% from €140 high to €71. 20 straight record years, ~15% rev CAGR, 36% EBIT margin, 50%+ ROE, debt-free, €121m net cash. Cloud ARR €110m, 111% NRR. Now 23x P/E (vs ~40x avg). Bear: mature DACH market (80% rev), founder/GA selling near top, AI/bundling risk. Started small position.
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