CENIT AG (CSH.DE) Fundamental Analysis & Valuation

FRA:CSH • DE0005407100

Current stock price

6.68 EUR
-0.12 (-1.76%)
Last:

This CSH.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. CSH.DE Profitability Analysis

1.1 Basic Checks

  • CSH had negative earnings in the past year.
  • In the past year CSH had a positive cash flow from operations.
  • In multiple years CSH reported negative net income over the last 5 years.
  • CSH had a positive operating cash flow in each of the past 5 years.
CSH.DE Yearly Net Income VS EBIT VS OCF VS FCFCSH.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5M 10M

1.2 Ratios

  • With a Return On Assets value of -0.85%, CSH perfoms like the industry average, outperforming 43.70% of the companies in the same industry.
  • With a Return On Equity value of -3.06%, CSH perfoms like the industry average, outperforming 43.70% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 0.25%, CSH is in line with its industry, outperforming 47.06% of the companies in the same industry.
  • CSH had an Average Return On Invested Capital over the past 3 years of 4.43%. This is significantly below the industry average of 12.42%.
  • The 3 year average ROIC (4.43%) for CSH is well above the current ROIC(0.25%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA -0.85%
ROE -3.06%
ROIC 0.25%
ROA(3y)0.28%
ROA(5y)2.07%
ROE(3y)0.92%
ROE(5y)5.47%
ROIC(3y)4.43%
ROIC(5y)5.44%
CSH.DE Yearly ROA, ROE, ROICCSH.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • The Operating Margin of CSH (0.15%) is comparable to the rest of the industry.
  • CSH's Operating Margin has declined in the last couple of years.
  • CSH has a Gross Margin of 60.07%. This is in the lower half of the industry: CSH underperforms 64.71% of its industry peers.
  • In the last couple of years the Gross Margin of CSH has grown nicely.
Industry RankSector Rank
OM 0.15%
PM (TTM) N/A
GM 60.07%
OM growth 3Y-25.28%
OM growth 5Y-9.08%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.43%
GM growth 5Y4.24%
CSH.DE Yearly Profit, Operating, Gross MarginsCSH.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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4

2. CSH.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CSH is destroying value.
  • Compared to 1 year ago, CSH has about the same amount of shares outstanding.
  • The number of shares outstanding for CSH remains at a similar level compared to 5 years ago.
  • CSH has a better debt/assets ratio than last year.
CSH.DE Yearly Shares OutstandingCSH.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M
CSH.DE Yearly Total Debt VS Total AssetsCSH.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

2.2 Solvency

  • CSH has an Altman-Z score of 2.22. This is not the best score and indicates that CSH is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.22, CSH is in line with its industry, outperforming 48.74% of the companies in the same industry.
  • CSH has a debt to FCF ratio of 3.33. This is a good value and a sign of high solvency as CSH would need 3.33 years to pay back of all of its debts.
  • CSH's Debt to FCF ratio of 3.33 is in line compared to the rest of the industry. CSH outperforms 50.42% of its industry peers.
  • A Debt/Equity ratio of 0.95 indicates that CSH is somewhat dependend on debt financing.
  • CSH has a worse Debt to Equity ratio (0.95) than 80.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 3.33
Altman-Z 2.22
ROIC/WACC0.03
WACC7.62%
CSH.DE Yearly LT Debt VS Equity VS FCFCSH.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M

2.3 Liquidity

  • A Current Ratio of 1.28 indicates that CSH should not have too much problems paying its short term obligations.
  • CSH has a worse Current ratio (1.28) than 60.50% of its industry peers.
  • A Quick Ratio of 1.28 indicates that CSH should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.28, CSH perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.28
Quick Ratio 1.28
CSH.DE Yearly Current Assets VS Current LiabilitesCSH.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. CSH.DE Growth Analysis

3.1 Past

  • CSH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1579.07%.
  • CSH shows a small growth in Revenue. In the last year, the Revenue has grown by 1.05%.
  • The Revenue has been growing slightly by 7.31% on average over the past years.
EPS 1Y (TTM)-1579.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%342.98%
Revenue 1Y (TTM)1.05%
Revenue growth 3Y8.92%
Revenue growth 5Y7.31%
Sales Q2Q%-1.06%

3.2 Future

  • Based on estimates for the next years, CSH will show a very strong growth in Earnings Per Share. The EPS will grow by 79.38% on average per year.
  • The Revenue is expected to grow by 4.87% on average over the next years.
EPS Next Y128.57%
EPS Next 2Y79.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year11.95%
Revenue Next 2Y8.32%
Revenue Next 3Y6.67%
Revenue Next 5Y4.87%

3.3 Evolution

  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CSH.DE Yearly Revenue VS EstimatesCSH.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 50M 100M 150M 200M 250M
CSH.DE Yearly EPS VS EstimatesCSH.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5

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4

4. CSH.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • CSH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Based on the Price/Forward Earnings ratio of 47.24, the valuation of CSH can be described as expensive.
  • CSH's Price/Forward Earnings is on the same level as the industry average.
  • CSH is valuated expensively when we compare the Price/Forward Earnings ratio to 22.29, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 47.24
CSH.DE Price Earnings VS Forward Price EarningsCSH.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40

4.2 Price Multiples

  • 97.48% of the companies in the same industry are more expensive than CSH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.48
EV/EBITDA N/A
CSH.DE Per share dataCSH.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20 25

4.3 Compensation for Growth

  • CSH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • CSH's earnings are expected to grow with 79.38% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y79.38%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. CSH.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 4.15%, CSH is a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.74, CSH pays a better dividend. On top of this CSH pays more dividend than 94.12% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.81, CSH pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.15%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
CSH.DE Yearly Dividends per shareCSH.DE Yearly Dividends per shareYearly Dividends per share 2019 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

DP0%
EPS Next 2Y79.38%
EPS Next 3YN/A
CSH.DE Yearly Income VS Free CF VS DividendCSH.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5M 10M

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CSH.DE Fundamentals: All Metrics, Ratios and Statistics

CENIT AG

FRA:CSH (4/24/2026, 7:00:00 PM)

6.68

-0.12 (-1.76%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)04-09
Earnings (Next)05-13
Inst Owners45%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap55.91M
Revenue(TTM)209.51M
Net Income(TTM)-1.21M
Analysts90
Price Target13.26 (98.5%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.15%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.89%
PT rev (3m)-1.89%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-0.8%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 47.24
P/S 0.27
P/FCF 4.48
P/OCF 3.96
P/B 1.41
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-0.14
EYN/A
EPS(NY)0.14
Fwd EY2.12%
FCF(TTM)1.49
FCFY22.34%
OCF(TTM)1.69
OCFY25.27%
SpS25.03
BVpS4.73
TBVpS-1.88
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -0.85%
ROE -3.06%
ROCE 0.36%
ROIC 0.25%
ROICexc 0.31%
ROICexgc 1.47%
OM 0.15%
PM (TTM) N/A
GM 60.07%
FCFM 5.96%
ROA(3y)0.28%
ROA(5y)2.07%
ROE(3y)0.92%
ROE(5y)5.47%
ROIC(3y)4.43%
ROIC(5y)5.44%
ROICexc(3y)5.58%
ROICexc(5y)8.09%
ROICexgc(3y)20.51%
ROICexgc(5y)21.52%
ROCE(3y)6.29%
ROCE(5y)8.32%
ROICexgc growth 3Y-6.11%
ROICexgc growth 5Y0.23%
ROICexc growth 3Y-22.63%
ROICexc growth 5Y-18.84%
OM growth 3Y-25.28%
OM growth 5Y-9.08%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.43%
GM growth 5Y4.24%
F-Score5
Asset Turnover1.47
Health
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 3.33
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 0.78%
Interest Coverage 0.12
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.28
Quick Ratio 1.28
Altman-Z 2.22
F-Score5
WACC7.62%
ROIC/WACC0.03
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)0.75%
Cap/Sales(5y)0.7%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1579.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%342.98%
EPS Next Y128.57%
EPS Next 2Y79.38%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.05%
Revenue growth 3Y8.92%
Revenue growth 5Y7.31%
Sales Q2Q%-1.06%
Revenue Next Year11.95%
Revenue Next 2Y8.32%
Revenue Next 3Y6.67%
Revenue Next 5Y4.87%
EBIT growth 1Y-95.84%
EBIT growth 3Y-18.62%
EBIT growth 5Y-2.43%
EBIT Next Year1946.12%
EBIT Next 3Y201%
EBIT Next 5Y94.96%
FCF growth 1Y41.73%
FCF growth 3Y7.04%
FCF growth 5Y1.7%
OCF growth 1Y36.69%
OCF growth 3Y7.14%
OCF growth 5Y2.85%

CENIT AG / CSH.DE Fundamental Analysis FAQ

What is the fundamental rating for CSH stock?

ChartMill assigns a fundamental rating of 4 / 10 to CSH.DE.


What is the valuation status of CENIT AG (CSH.DE) stock?

ChartMill assigns a valuation rating of 4 / 10 to CENIT AG (CSH.DE). This can be considered as Fairly Valued.


What is the profitability of CSH stock?

CENIT AG (CSH.DE) has a profitability rating of 3 / 10.


What is the financial health of CENIT AG (CSH.DE) stock?

The financial health rating of CENIT AG (CSH.DE) is 4 / 10.