Operating Margin - TeamViewer SE (XBER:TMV)

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Price: 5.67 EUR 0.27%

Market Cap: 943.2m EUR

32.8%

Current

28%

Average

3.3%

Industry

Operating Margin represents how efficiently a company is able to generate profit through its core operations.

Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.

Operating Margin

32.8%

Operating Profit

239.9m

Revenue

730.8m

Operating Margin Across Competitors

Country		Company	Market Cap	Operating Margin
DE	T	TeamViewer SE XBER:TMV	890m EUR	33%
US		Ezenia! Inc OTC:EZEN	567B USD	-132%
US		Palantir Technologies Inc NYSE:PLTR	436.7B USD	22%
DE		SAP SE XETRA:SAP	241.4B EUR	27%
US		Salesforce Inc NYSE:CRM	239B USD	22%
US		Applovin Corp NASDAQ:APP	223.6B USD	60%
US		Intuit Inc NASDAQ:INTU	183.4B USD	27%
US		Adobe Inc NASDAQ:ADBE	148.9B USD	37%
US	N	NCR Corp LSE:0K45	130.8B USD	5%
US		Cadence Design Systems Inc NASDAQ:CDNS	87B USD	32%
US		Synopsys Inc NASDAQ:SNPS	85.2B USD	17%

TeamViewer SE
Glance View

Economic Moat

None

Market Cap

890m EUR

Industry

Technology

In the bustling corridors of technology and innovation, TeamViewer SE stands as a fascinating testament to the power of remote connectivity, bridging the physical and digital realms. Hailing from Germany, this global technology company burst onto the scene in 2005, initially focused on providing a remote desktop access solution to simplify IT support. With a robust software platform, TeamViewer enables the secure access and control of devices from virtually anywhere in the world. Over the years, its intuitive interface and expansive functionality have made it indispensable for businesses and individuals alike, providing solutions that encompass everything from troubleshooting technical issues to hosting virtual meetings and administering large-scale IT infrastructures remotely. TeamViewer's business model thrives on an intricate mesh of subscription licensing, with customers spanning enterprises to individual users who need scalable solutions. By offering various pricing tiers based on the number of concurrent users and the extent of connectivity features, the company maximizes revenue through a subscription-based service model. Its success is further bolstered by partnerships and integrations with leading tech giants like Microsoft and Siemens, embedding its services into broader ecosystems. This strategic positioning allows TeamViewer not just to monetize its software rosters, but to pivot towards a promising future in the Internet of Things and augmented reality markets, where its technology is increasingly in demand for remote maintenance and smart factory solutions. Thus, TeamViewer SE’s narrative is one of agile adaptation and relentless pursuit in a world where digital connectivity becomes increasingly paramount.

View TMV Analysis

TMV Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication
US	Chevron Corp NYSE:CVX	Energy

	Johnson & Johnson NYSE:JNJ	211.31 USD -1.34%
	Berkshire Hathaway Inc NYSE:BRK.A	753 000 USD -0.82%
	Bank of America Corp NYSE:BAC	54.94 USD -0.7%
	Mastercard Inc NYSE:MA	566.33 USD -0.49%
	UnitedHealth Group Inc NYSE:UNH	337.04 USD -1.19%
	Exxon Mobil Corp NYSE:XOM	115.21 USD -2.17%

	Franklin Covey Co NYSE:FC	16.22 USD -2.47%
	Mohawk Industries Inc NYSE:MHK	110.87 USD -0.56%
	Ardmore Shipping Corp NYSE:ASC	11.13 USD -1.24%
	ASGN Inc NYSE:ASGN	47.95 USD -0.25%
	Skyworks Solutions Inc NASDAQ:SWKS	66.12 USD -0.38%
	Weatherford International PLC NASDAQ:WFRD	78.99 USD -1.68%

	Johnson & Johnson NYSE:JNJ	211.31 USD -1.34%
	Bank of America Corp NYSE:BAC	54.94 USD -0.7%
	Mastercard Inc NYSE:MA	566.33 USD -0.49%
	Salesforce Inc NYSE:CRM	253.67 USD -0.36%
	Abbvie Inc NYSE:ABBV	223.55 USD -1.71%
	Home Depot Inc NYSE:HD	354.11 USD -0.81%

	Monolithic Power Systems Inc NASDAQ:MPWR	953.7 USD 0.45%
	Applovin Corp NASDAQ:APP	660.58 USD -2.16%
	NVIDIA Corp NASDAQ:NVDA	175.97 USD -0.18%
	Cal-Maine Foods Inc NASDAQ:CALM	87.81 USD -0.24%
	Pro Medicus Ltd ASX:PME	226.05 AUD -3.27%
	Lundin Gold Inc TSX:LUG	111 CAD -0.37%

TeamViewer SE
XBER:TMV