Financials Ceconomy AG

Equities

CEC

DE0007257503

Computer & Electronics Retailers

Market Closed - Xetra 09:05:16 12/07/2024 pm IST 5-day change 1st Jan Change
2.958 EUR +0.14% Intraday chart for Ceconomy AG +3.21% +19.47%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,785 1,514 1,347 580.8 973.4 1,435 - -
Enterprise Value (EV) 1 955.3 2,302 2,630 2,585 2,660 3,147 3,068 2,707
P/E ratio 14.6 x -6.48 x 5.74 x 3.86 x -25.1 x 6.45 x 7.33 x 6.05 x
Yield - - 4.56% 14.2% - 3.49% 3.53% 3.34%
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 0.14 x 0.12 x
EV / EBITDA 1.47 x 2.23 x 2.7 x 2.93 x 3.27 x 3.18 x 2.89 x 2.43 x
EV / FCF -8.93 x 2.18 x 8.51 x 199 x 3.21 x 10.4 x 9.37 x 8.61 x
FCF Yield -11.2% 45.8% 11.7% 0.5% 31.1% 9.61% 10.7% 11.6%
Price to Book 2.34 x 3.11 x 1.88 x 0.81 x 2.1 x 2.06 x 1.69 x 1.42 x
Nbr of stocks (in thousands) 3,59,407 3,59,407 3,59,421 4,85,221 4,85,221 4,85,221 - -
Reference price 2 4.967 4.210 3.732 1.197 2.006 2.958 2.958 2.958
Announcement Date 17/12/19 16/12/20 14/12/21 15/12/22 19/12/23 - - -
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 22,311 22,723 23,152
EBITDA 1 650 1,034 976 882 813 988.8 1,060 1,115
EBIT 1 423 236 237 197 243 301.2 354.2 402.7
Operating Margin 1.97% 1.13% 1.11% 0.9% 1.09% 1.35% 1.56% 1.74%
Earnings before Tax (EBT) 1 235 -125 296 49 -42 208.7 282.1 326.7
Net income 1 122 -232 232 126 -39 215 207.1 242.7
Net margin 0.57% -1.11% 1.09% 0.58% -0.18% 0.96% 0.91% 1.05%
EPS 2 0.3400 -0.6500 0.6500 0.3100 -0.0800 0.4582 0.4034 0.4889
Free Cash Flow 1 -107 1,054 309 13 828 302.4 327.5 314.5
FCF margin -0.5% 5.06% 1.45% 0.06% 3.72% 1.36% 1.44% 1.36%
FCF Conversion (EBITDA) - 101.93% 31.66% 1.47% 101.85% 30.58% 30.89% 28.2%
FCF Conversion (Net income) - - 133.19% 10.32% - 140.67% 158.12% 129.59%
Dividend per Share 2 - - 0.1700 0.1700 - 0.1033 0.1045 0.0989
Announcement Date 17/12/19 16/12/20 14/12/21 15/12/22 19/12/23 - - -
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 2024 Q3 2024 Q4 2024 S2
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 4,650 5,462 10,112
EBITDA - - - - - - - - - - - - - - - - - - -
EBIT 1 159 199 38 274 -62 212 -109 95 -15 224 -23 207 -60 94 248 5 -58 105 47
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% -1.25% 1.92% 0.46%
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - - -
Announcement Date 14/05/20 11/05/21 14/12/21 07/02/22 13/05/22 13/05/22 11/08/22 15/12/22 15/12/22 14/02/23 15/05/23 15/05/23 10/08/23 19/12/23 10/02/24 15/05/24 - - -
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 1,711 1,633 1,271
Net Cash position 1 830 - - - - - - -
Leverage (Debt/EBITDA) - 0.7621 x 1.315 x 2.272 x 2.075 x 1.731 x 1.54 x 1.14 x
Free Cash Flow 1 -107 1,054 309 13 828 302 328 315
ROE (net income / shareholders' equity) 35.2% -29.3% 38.7% 19.3% -7.41% 41.2% 26.4% 25.2%
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 1.440 1.750 2.080
Cash Flow per Share 2 0.2400 3.240 1.250 0.5300 1.960 1.500 1.400 1.690
Capex 1 154 112 141 206 176 267 296 303
Capex / Sales 0.72% 0.54% 0.66% 0.95% 0.79% 1.2% 1.3% 1.31%
Announcement Date 17/12/19 16/12/20 14/12/21 15/12/22 19/12/23 - - -
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-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
2.958 EUR
Average target price
2.938 EUR
Spread / Average Target
-0.69%
Consensus

Quarterly revenue - Rate of surprise

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  2. Equities
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  4. Financials Ceconomy AG