CECONOMY AG |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.678 EUR | -0.67% |
|
+18.21% | +6.46% |
| May. 16 | Ceconomy rises to high since July 2023 after upgrade | DP |
| May. 15 | CECONOMY : Sell rating from Baader Bank | ZD |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,785 | 1,514 | 1,347 | 580.8 | 973.4 | 1,308 | - | - |
| Enterprise Value (EV) 1 | 955.3 | 2,302 | 2,630 | 2,585 | 2,660 | 3,035 | 2,966 | 2,663 |
| P/E ratio | 14.6 x | -6.48 x | 5.74 x | 3.86 x | -25.1 x | 5.29 x | 7.16 x | 6.08 x |
| Yield | - | - | 4.56% | 14.2% | - | 4.27% | 2.21% | 3.11% |
| Capitalization / Revenue | 0.08 x | 0.07 x | 0.06 x | 0.03 x | 0.04 x | 0.06 x | 0.06 x | 0.06 x |
| EV / Revenue | 0.04 x | 0.11 x | 0.12 x | 0.12 x | 0.12 x | 0.14 x | 0.13 x | 0.12 x |
| EV / EBITDA | 1.47 x | 2.23 x | 2.7 x | 2.93 x | 3.27 x | 3.09 x | 3.01 x | 2.63 x |
| EV / FCF | -8.93 x | 2.18 x | 8.51 x | 199 x | 3.21 x | 8.73 x | 4.25 x | 8.15 x |
| FCF Yield | -11.2% | 45.8% | 11.7% | 0.5% | 31.1% | 11.5% | 23.5% | 12.3% |
| Price to Book | 2.34 x | 3.11 x | 1.88 x | 0.81 x | 2.1 x | 1.88 x | 1.58 x | 1.35 x |
| Nbr of stocks (in thousands) | 359,407 | 359,407 | 359,421 | 485,221 | 485,221 | 485,221 | - | - |
| Reference price 2 | 4.967 | 4.210 | 3.732 | 1.197 | 2.006 | 2.696 | 2.696 | 2.696 |
| Announcement Date | 12/17/19 | 12/16/20 | 12/14/21 | 12/15/22 | 12/19/23 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 21,455 | 20,831 | 21,361 | 21,768 | 22,242 | 22,298 | 22,697 | 23,107 |
| EBITDA 1 | 650 | 1,034 | 976 | 882 | 813 | 981.7 | 986 | 1,011 |
| EBIT 1 | 423 | 236 | 237 | 197 | 243 | 299.5 | 331.2 | 372.1 |
| Operating Margin | 1.97% | 1.13% | 1.11% | 0.9% | 1.09% | 1.34% | 1.46% | 1.61% |
| Earnings before Tax (EBT) 1 | 235 | -125 | 296 | 49 | -42 | 221 | 270 | 291.8 |
| Net income 1 | 122 | -232 | 232 | 126 | -39 | 248 | 200.8 | 233 |
| Net margin | 0.57% | -1.11% | 1.09% | 0.58% | -0.18% | 1.11% | 0.88% | 1.01% |
| EPS 2 | 0.3400 | -0.6500 | 0.6500 | 0.3100 | -0.0800 | 0.5100 | 0.3767 | 0.4436 |
| Free Cash Flow 1 | -107 | 1,054 | 309 | 13 | 828 | 347.6 | 697.3 | 327 |
| FCF margin | -0.5% | 5.06% | 1.45% | 0.06% | 3.72% | 1.56% | 3.07% | 1.42% |
| FCF Conversion (EBITDA) | - | 101.93% | 31.66% | 1.47% | 101.85% | 35.4% | 70.72% | 32.35% |
| FCF Conversion (Net income) | - | - | 133.19% | 10.32% | - | 140.14% | 347.32% | 140.31% |
| Dividend per Share 2 | - | - | 0.1700 | 0.1700 | - | 0.1150 | 0.0596 | 0.0837 |
| Announcement Date | 12/17/19 | 12/16/20 | 12/14/21 | 12/15/22 | 12/19/23 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2020 S1 | 2021 S1 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,453 | 11,786 | 9,575 | 6,854 | 5,019 | 11,873 | 4,659 | 5,237 | 9,895 | 7,066 | 5,302 | 12,368 | 4,527 | 5,347 | 6,984 | 5,334 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 159 | 199 | 38 | 274 | -62 | 212 | -109 | 95 | -15 | 224 | -23 | 207 | -60 | 94 | 248 | 5 |
| Operating Margin | 1.39% | 1.69% | 0.4% | 4% | -1.24% | 1.79% | -2.34% | 1.81% | -0.15% | 3.17% | -0.43% | 1.67% | -1.33% | 1.76% | 3.55% | 0.09% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 5/14/20 | 5/11/21 | 12/14/21 | 2/7/22 | 5/13/22 | 5/13/22 | 8/11/22 | 12/15/22 | 12/15/22 | 2/14/23 | 5/15/23 | 5/15/23 | 8/10/23 | 12/19/23 | 2/10/24 | 5/15/24 |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 788 | 1,283 | 2,004 | 1,687 | 1,704 | 1,627 | 1,318 |
| Net Cash position 1 | 830 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.7621 x | 1.315 x | 2.272 x | 2.075 x | 1.746 x | 1.644 x | 1.296 x |
| Free Cash Flow 1 | -107 | 1,054 | 309 | 13 | 828 | 348 | 697 | 327 |
| ROE (net income / shareholders' equity) | 35.2% | -29.3% | 38.7% | 19.3% | -7.41% | 41.6% | 25.8% | 25.8% |
| ROA (Net income/ Total Assets) | 3.07% | -1.97% | - | - | - | - | - | - |
| Assets 1 | 3,969 | 11,764 | - | - | - | - | - | - |
| Book Value Per Share 2 | 2.120 | 1.350 | 1.980 | 1.470 | 0.9500 | 1.450 | 1.770 | 2.070 |
| Cash Flow per Share 2 | 0.2400 | 3.240 | 1.250 | 0.5300 | 1.960 | 1.000 | 0.9200 | 1.050 |
| Capex 1 | 154 | 112 | 141 | 206 | 176 | 293 | 302 | 324 |
| Capex / Sales | 0.72% | 0.54% | 0.66% | 0.95% | 0.79% | 1.32% | 1.33% | 1.4% |
| Announcement Date | 12/17/19 | 12/16/20 | 12/14/21 | 12/15/22 | 12/19/23 | - | - | - |
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
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
2.696
EUR
Average target price
2.381
EUR
Spread / Average Target
-11.67%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +6.46% | 1.42B | |
| -5.93% | 15.93B | |
| +7.77% | 4.21B | |
| +39.95% | 3.44B | |
| +7.36% | 1.96B | |
| +10.79% | 1.64B | |
| +29.20% | 1.2B | |
| -1.31% | 1.09B | |
| +9.47% | 997M | |
| +39.90% | 990M |
- Stock Market
- Equities
- CEC Stock
- Financials Ceconomy AG
