CENIT AG (CSH.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:CSH - DE0005407100 - Common Stock
7.1 EUR
-0.08 (-1.11%)
CSH gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 114 industry peers in the Software industry. CSH may be in some trouble as it scores bad on both profitability and health. CSH is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year CSH has reported negative net income.
- CSH had a positive operating cash flow in the past year.
- Of the past 5 years CSH 4 years were profitable.
- Each year in the past 5 years CSH had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of -3.14%, CSH is not doing good in the industry: 65.79% of the companies in the same industry are doing better.
- CSH's Return On Equity of -12.50% is on the low side compared to the rest of the industry. CSH is outperformed by 71.05% of its industry peers.
- The Return On Invested Capital of CSH (1.04%) is comparable to the rest of the industry.
- CSH had an Average Return On Invested Capital over the past 3 years of 3.71%. This is significantly below the industry average of 13.49%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.14% | ||
| ROE | -12.5% | ||
| ROIC | 1.04% |
ROA(3y)2.61%
ROA(5y)3.04%
ROE(3y)8.37%
ROE(5y)8.11%
ROIC(3y)3.71%
ROIC(5y)4.08%
1.3 Margins
- The Operating Margin of CSH (0.91%) is comparable to the rest of the industry.
- CSH's Operating Margin has declined in the last couple of years.
- CSH's Gross Margin of 60.04% is on the low side compared to the rest of the industry. CSH is outperformed by 62.28% of its industry peers.
- In the last couple of years the Gross Margin of CSH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.91% | ||
| PM (TTM) | N/A | ||
| GM | 60.04% |
OM growth 3Y-8.13%
OM growth 5Y-9.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y3.52%
GM growth 5Y3.41%
2. Health
2.1 Basic Checks
- CSH has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for CSH remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, CSH has about the same amount of shares outstanding.
- The debt/assets ratio for CSH is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.16 indicates that CSH is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a Altman-Z score value of 2.16, CSH perfoms like the industry average, outperforming 42.11% of the companies in the same industry.
- CSH has a debt to FCF ratio of 4.02. This is a neutral value as CSH would need 4.02 years to pay back of all of its debts.
- The Debt to FCF ratio of CSH (4.02) is comparable to the rest of the industry.
- A Debt/Equity ratio of 1.10 is on the high side and indicates that CSH has dependencies on debt financing.
- With a Debt to Equity ratio value of 1.10, CSH is not doing good in the industry: 82.46% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | 4.02 | ||
| Altman-Z | 2.16 |
ROIC/WACC0.15
WACC6.77%
2.3 Liquidity
- A Current Ratio of 1.27 indicates that CSH should not have too much problems paying its short term obligations.
- CSH has a Current ratio of 1.27. This is comparable to the rest of the industry: CSH outperforms 41.23% of its industry peers.
- CSH has a Quick Ratio of 1.27. This is a normal value and indicates that CSH is financially healthy and should not expect problems in meeting its short term obligations.
- CSH has a Quick ratio (1.27) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.27 | ||
| Quick Ratio | 1.27 |
3. Growth
3.1 Past
- CSH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -252.87%.
- The Revenue has been growing slightly by 3.58% in the past year.
- The Revenue has been growing slightly by 3.84% on average over the past years.
EPS 1Y (TTM)-252.87%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%13.27%
Revenue 1Y (TTM)3.58%
Revenue growth 3Y12.38%
Revenue growth 5Y3.84%
Sales Q2Q%-3.04%
3.2 Future
- The Earnings Per Share is expected to grow by 16.23% on average over the next years. This is quite good.
- Based on estimates for the next years, CSH will show a small growth in Revenue. The Revenue will grow by 2.81% on average per year.
EPS Next Y-228.95%
EPS Next 2Y-39.3%
EPS Next 3Y16.23%
EPS Next 5YN/A
Revenue Next Year-6.06%
Revenue Next 2Y2.96%
Revenue Next 3Y3.64%
Revenue Next 5Y2.81%
3.3 Evolution
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings Ratio is negative for CSH. In the last year negative earnings were reported.
- With a Price/Forward Earnings ratio of 50.21, CSH can be considered very expensive at the moment.
- CSH's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of CSH to the average of the S&P500 Index (25.95), we can say CSH is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 50.21 |
4.2 Price Multiples
- 88.60% of the companies in the same industry are more expensive than CSH, based on the Enterprise Value to EBITDA ratio.
- 96.49% of the companies in the same industry are more expensive than CSH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.21 | ||
| EV/EBITDA | 6.84 |
4.3 Compensation for Growth
- CSH's earnings are expected to grow with 16.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-39.3%
EPS Next 3Y16.23%
5. Dividend
5.1 Amount
- CSH has a Yearly Dividend Yield of 4.15%, which is a nice return.
- Compared to an average industry Dividend Yield of 0.68, CSH pays a better dividend. On top of this CSH pays more dividend than 95.61% of the companies listed in the same industry.
- CSH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.15% |
5.2 History
- The dividend of CSH decreases each year by -41.82%.
Dividend Growth(5Y)-41.82%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y-39.3%
EPS Next 3Y16.23%
CENIT AG / CSH.DE FAQ
What is the fundamental rating for CSH stock?
ChartMill assigns a fundamental rating of 3 / 10 to CSH.DE.
What is the valuation status of CENIT AG (CSH.DE) stock?
ChartMill assigns a valuation rating of 3 / 10 to CENIT AG (CSH.DE). This can be considered as Overvalued.
How profitable is CENIT AG (CSH.DE) stock?
CENIT AG (CSH.DE) has a profitability rating of 3 / 10.
What is the earnings growth outlook for CENIT AG?
The Earnings per Share (EPS) of CENIT AG (CSH.DE) is expected to decline by -228.95% in the next year.
Is the dividend of CENIT AG sustainable?
The dividend rating of CENIT AG (CSH.DE) is 6 / 10 and the dividend payout ratio is 0%.