CEWE STIFTUNG & CO. KGAA |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 98.6 EUR | +0.20% |
|
+0.20% | -2.57% |
| Mar. 25 | CEWE : Warburg Research reiterates its Buy rating | ZD |
| Mar. 23 | Tranche Update on CEWE Stiftung & Co. KGaA's Equity Buyback Plan announced on July 3, 2023. | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 762.9 | 665.8 | 918.9 | 626.1 | 709.6 | 685.3 | - | - |
| Enterprise Value (EV) 1 | 727.2 | 561 | 888.5 | 603.6 | 709.6 | 618.4 | 540.5 | 563.3 |
| P/E ratio | 24.2 x | 12.9 x | 19.1 x | 12.3 x | 12.5 x | 12 x | 11.3 x | 10.7 x |
| Yield | 1.89% | 2.49% | 1.83% | 2.76% | - | 2.78% | 2.96% | 3.09% |
| Capitalization / Revenue | 1.07 x | 0.92 x | 1.33 x | 0.84 x | 0.91 x | 0.85 x | 0.82 x | 0.79 x |
| EV / Revenue | 1.02 x | 0.77 x | 1.28 x | 0.81 x | 0.91 x | 0.76 x | 0.64 x | 0.65 x |
| EV / EBITDA | 6.34 x | 4.15 x | 7.13 x | 4.67 x | 5.15 x | 4.32 x | 3.62 x | 3.62 x |
| EV / FCF | 10.9 x | 5.41 x | 32.7 x | 15.9 x | - | 10.9 x | 8.7 x | 8.77 x |
| FCF Yield | 9.14% | 18.5% | 3.06% | 6.3% | - | 9.16% | 11.5% | 11.4% |
| Price to Book | 2.83 x | 2.22 x | 2.75 x | 1.74 x | - | 1.68 x | 1.56 x | 1.46 x |
| Nbr of stocks (in thousands) | 7,211 | 7,198 | 7,156 | 7,059 | 7,011 | 6,950 | - | - |
| Reference price 2 | 105.8 | 92.50 | 128.4 | 88.70 | 101.2 | 98.60 | 98.60 | 98.60 |
| Announcement Date | 3/26/20 | 3/25/21 | 3/31/22 | 3/30/23 | 3/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 714.9 | 727.3 | 692.8 | 741 | 780.2 | 809.2 | 840.8 | 869.9 |
| EBITDA 1 | 114.6 | 135.1 | 124.6 | 129.2 | 137.7 | 143.2 | 149.4 | 155.6 |
| EBIT 1 | 57.84 | 79.69 | 72.2 | 75.62 | 83.91 | 86.96 | 91.76 | 97 |
| Operating Margin | 8.09% | 10.96% | 10.42% | 10.21% | 10.75% | 10.75% | 10.91% | 11.15% |
| Earnings before Tax (EBT) 1 | 54.25 | 76.36 | 72.7 | 74.81 | 87.92 | 85.64 | 90.52 | 95.73 |
| Net income 1 | 31.82 | 51.94 | 48.9 | 51.06 | 57.31 | 57.75 | 61.26 | 64.63 |
| Net margin | 4.45% | 7.14% | 7.06% | 6.89% | 7.35% | 7.14% | 7.29% | 7.43% |
| EPS 2 | 4.380 | 7.150 | 6.720 | 7.190 | 8.100 | 8.228 | 8.702 | 9.230 |
| Free Cash Flow 1 | 66.49 | 103.8 | 27.15 | 38.03 | - | 56.63 | 62.13 | 64.2 |
| FCF margin | 9.3% | 14.27% | 3.92% | 5.13% | - | 7% | 7.39% | 7.38% |
| FCF Conversion (EBITDA) | 58.02% | 76.82% | 21.79% | 29.43% | - | 39.55% | 41.58% | 41.26% |
| FCF Conversion (Net income) | 208.98% | 199.8% | 55.52% | 74.47% | - | 98.07% | 101.43% | 99.33% |
| Dividend per Share 2 | 2.000 | 2.300 | 2.350 | 2.450 | - | 2.738 | 2.922 | 3.050 |
| Announcement Date | 3/26/20 | 3/25/21 | 3/31/22 | 3/30/23 | 3/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 277 | 262.6 | 132.4 | - | 138.9 | 132 | 270.9 | 151.4 | 318.7 | 157.7 | 142.3 | 299.9 | 157.8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 1.024 | 2.135 | -2.064 | - | - | -4.306 | -2.218 | 1.1 | 76.77 | 5.1 | - | - | 1.189 |
| Operating Margin | 0.37% | 0.81% | -1.56% | - | - | -3.26% | -0.82% | 0.73% | 24.09% | 3.23% | - | - | 0.75% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | 49.61 | - | - | - | - | 52.2 | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | 16.38% | - | - | - | - |
| EPS | - | - | - | 6.820 | - | - | - | - | 7.350 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/6/20 | 8/10/21 | 11/12/21 | 3/31/22 | 5/11/22 | 8/9/22 | 8/9/22 | 11/11/22 | 3/30/23 | 5/11/23 | 8/11/23 | 8/11/23 | 11/10/23 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 35.7 | 105 | 30.4 | 22.5 | - | 66.9 | 145 | 122 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 66.5 | 104 | 27.1 | 38 | - | 56.6 | 62.1 | 64.2 |
| ROE (net income / shareholders' equity) | 12.1% | 18.2% | 15.4% | 14.6% | - | 14.6% | 13.5% | 14.1% |
| ROA (Net income/ Total Assets) | - | 8.71% | 7.98% | 8.29% | - | 8.2% | 8.2% | 8.2% |
| Assets 1 | - | 596.3 | 612.5 | 616.1 | - | 704.3 | 747.1 | 788.2 |
| Book Value Per Share 2 | 37.40 | 41.80 | 46.70 | 51.10 | - | 58.70 | 63.10 | 67.70 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 35.6 | 38.5 | 38.5 | 55.3 | - | 55 | 53.9 | 54.8 |
| Capex / Sales | 4.98% | 5.3% | 5.55% | 7.47% | - | 6.8% | 6.41% | 6.3% |
| Announcement Date | 3/26/20 | 3/25/21 | 3/31/22 | 3/30/23 | 3/22/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
98.6
EUR
Average target price
133.8
EUR
Spread / Average Target
+35.70%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -2.57% | 732M | |
| -15.59% | 867M | |
| -6.32% | 585M | |
| +3.46% | 192M | |
| +46.59% | 144M | |
| -7.79% | 120M | |
| +33.77% | 86.26M |
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- Financials CEWE Stiftung & Co. KGaA
