View Future GrowthCeconomy 과거 순이익 실적과거 기준 점검 0/6Ceconomy 의 수입은 연평균 -44.7%의 비율로 감소해 온 반면, Specialty Retail 산업은 연평균 5.7%의 비율로 감소했습니다. 매출은 연평균 2%의 비율로 증가해 왔습니다.핵심 정보-44.70%순이익 성장률-50.60%주당순이익(EPS) 성장률Specialty Retail 산업 성장률4.13%매출 성장률1.98%자기자본이익률-9.05%순이익률-0.26%다음 순이익 업데이트30 Jul 2026최근 과거 실적 업데이트공시 • Oct 10+ 3 more updatesCeconomy AG to Report Q1, 2026 Results on Feb 11, 2026Ceconomy AG announced that they will report Q1, 2026 results on Feb 11, 2026Reported Earnings • Aug 18Third quarter 2025 earnings released: €0.24 loss per share (vs €0.33 loss in 3Q 2024)Third quarter 2025 results: €0.24 loss per share (improved from €0.33 loss in 3Q 2024). Revenue: €4.80b (down 2.3% from 3Q 2024). Net loss: €114.0m (loss narrowed 30% from 3Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.공시 • Feb 27Ceconomy AG to Report Q4, 2025 Results on Dec 17, 2025Ceconomy AG announced that they will report Q4, 2025 results on Dec 17, 2025공시 • Feb 12Ceconomy AG to Report Q3, 2025 Results on Aug 12, 2025Ceconomy AG announced that they will report Q3, 2025 results on Aug 12, 2025공시 • Oct 30+ 1 more updateCeconomy AG to Report Q1, 2025 Results on Feb 11, 2025Ceconomy AG announced that they will report Q1, 2025 results on Feb 11, 2025Reported Earnings • Aug 15Third quarter 2024 earnings released: €0.33 loss per share (vs €0.38 loss in 3Q 2023)Third quarter 2024 results: €0.33 loss per share (improved from €0.38 loss in 3Q 2023). Revenue: €4.92b (up 8.6% from 3Q 2023). Net loss: €162.0m (loss narrowed 13% from 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.모든 업데이트 보기Recent updatesPrice Target Changed • May 20Price target increased by 7.7% to €4.60Up from €4.27, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €4.05. The company is forecast to post earnings per share of €0.54 next year compared to a net loss per share of €0.072 last year.공시 • Jan 07Ceconomy AG, Annual General Meeting, Feb 18, 2026Ceconomy AG, Annual General Meeting, Feb 18, 2026, at 10:00 W. Europe Standard Time.공시 • Oct 16Ceconomy AG(XTRA:CEC) dropped from Germany SDAX (Total Return) IndexCeconomy AG has been dropped from the Germany Small DAX (Total Return) Index.공시 • Oct 10+ 3 more updatesCeconomy AG to Report Q1, 2026 Results on Feb 11, 2026Ceconomy AG announced that they will report Q1, 2026 results on Feb 11, 2026Reported Earnings • Aug 18Third quarter 2025 earnings released: €0.24 loss per share (vs €0.33 loss in 3Q 2024)Third quarter 2025 results: €0.24 loss per share (improved from €0.33 loss in 3Q 2024). Revenue: €4.80b (down 2.3% from 3Q 2024). Net loss: €114.0m (loss narrowed 30% from 3Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.공시 • Jul 31JD.com, Inc. (NasdaqGS:JD) proposed to acquire 74.65% stake in Ceconomy AG (XTRA:CEC) from Convergenta Invest GmbH, Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, freenet AG (XTRA:FNTN), BC Equities GmbH & Co. KG and others for €1.7 billion.JD.com, Inc. (NasdaqGS:JD) proposed to acquire 74.65% stake in Ceconomy AG (XTRA:CEC) from Convergenta Invest GmbH, Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, freenet AG (XTRA:FNTN), BC Equities GmbH & Co. KG and others for €1.7 billion on July 30, 2025. A cash consideration valued at €4.6 per share will be paid by JD.com, Inc. JD.com and CECONOMY’s founder family shareholder Convergenta Invest GmbH entered into a shareholder agreement, through Convergenta currently holds approximately 29.16% of the shares in CECONOMY. Convergenta has committed to tender 18.5 million shares, representing 3.81% stake into the offer, hence retaining a stake of around 25.35% in CECONOMY thereafter. The Bidder has also entered into agreements with Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, BC Equities GmbH & Co. KG and freenet AG – who together hold approximately 27.9% irrevocably undertaken to accept offer. The aggregate shareholders have irrevocably undertaken to accept the Takeover Offer with respect to 31.7% of the CECONOMY Shares in total (including 3.81% from Convergenta), securing a total shareholding of 57.1% in combination with the retained stake of JD.com’s future partner Convergenta ahead of the launch of the Takeover Offer. Upon successful completion of the offer, JD.com intends to pursue a delisting of CECONOMY. As part of the transaction, CECONOMY will remain a stand-alone business in Europe with a local independent technology stack, and no changes are planned to the workforce, employee agreements and sites. JD.com and CECONOMY have also signed an investment agreement to drive CECONOMY as a stand-alone business and accelerate CECONOMY’s transformation into Europe’s omni-channel consumer electronics platform. JD.com, renowned for its customer experience and e-commerce logistics service standards, will contribute its advanced technology, omni-channel retail expertise, and logistics and warehouse capabilities to the partnership. The transaction will be financed through a combination of acquisition loan and the Company’s cash on balance sheet. The Takeover Offer will be subject to customary conditions, including, among others, merger control, foreign direct investment and foreign subsidies clearances. The Takeover Offer will not be subject to a minimum acceptance rate. The closing of the Takeover Offer is expected to take place in the first half of 2026. Subject to a careful review of the offer document in accordance with their legal obligations, CECONOMY’s Management Board and Supervisory Board intend to recommend to shareholders the acceptance of the offer proposed. Lazard is acting as lead financial advisor to Ceconomy and J.P. Morgan is acting as financial advisor to the Supervisory Board of CECONOMY. Kirkland & Ellis is acting as legal advisor to CECONOMY. Deutsche Bank and Goldman Sachs are acting as financial advisors to JD.com and Baker McKenzie is acting as legal advisor to JD.com.공시 • Feb 27Ceconomy AG to Report Q4, 2025 Results on Dec 17, 2025Ceconomy AG announced that they will report Q4, 2025 results on Dec 17, 2025공시 • Feb 12Ceconomy AG to Report Q3, 2025 Results on Aug 12, 2025Ceconomy AG announced that they will report Q3, 2025 results on Aug 12, 2025공시 • Jan 09Ceconomy AG, Annual General Meeting, Feb 26, 2025Ceconomy AG, Annual General Meeting, Feb 26, 2025, at 10:00 W. Europe Standard Time.공시 • Oct 30+ 1 more updateCeconomy AG to Report Q1, 2025 Results on Feb 11, 2025Ceconomy AG announced that they will report Q1, 2025 results on Feb 11, 2025New Risk • Sep 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €3.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Specialty Retail industry in Germany. Total loss to shareholders of 7.7% over the past three years.Reported Earnings • Aug 15Third quarter 2024 earnings released: €0.33 loss per share (vs €0.38 loss in 3Q 2023)Third quarter 2024 results: €0.33 loss per share (improved from €0.38 loss in 3Q 2023). Revenue: €4.92b (up 8.6% from 3Q 2023). Net loss: €162.0m (loss narrowed 13% from 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.New Risk • Jun 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change).Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €2.97, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 3x in the Specialty Retail industry in Germany. Total loss to shareholders of 31% over the past three years.Price Target Changed • May 19Price target increased by 8.3% to €2.46Up from €2.27, the current price target is an average from 8 analysts. New target price is 14% below last closing price of €2.86. Stock is up 29% over the past year. The company is forecast to post earnings per share of €0.52 next year compared to a net loss per share of €0.08 last year.Reported Earnings • May 16Second quarter 2024 earnings released: EPS: €0.17 (vs €0.094 loss in 2Q 2023)Second quarter 2024 results: EPS: €0.17 (up from €0.094 loss in 2Q 2023). Revenue: €5.33b (flat on 2Q 2023). Net income: €84.0m (up €131.0m from 2Q 2023). Profit margin: 1.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 11First quarter 2024 earnings released: EPS: €0.30 (vs €0.26 in 1Q 2023)First quarter 2024 results: EPS: €0.30 (up from €0.26 in 1Q 2023). Revenue: €6.98b (down 1.2% from 1Q 2023). Net income: €147.0m (up 16% from 1Q 2023). Profit margin: 2.1% (up from 1.8% in 1Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.Reported Earnings • Dec 20Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: €0.08 loss per share (down from €0.31 profit in FY 2022). Revenue: €22.2b (up 2.2% from FY 2022). Net loss: €39.0m (down 131% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.공시 • Dec 13Ceconomy AG to Report Fiscal Year 2024 Results on Dec 18, 2024Ceconomy AG announced that they will report fiscal year 2024 results on Dec 18, 2024Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 32%After last week's 32% share price gain to €2.37, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Specialty Retail industry in Germany. Total loss to shareholders of 42% over the past three years.공시 • Oct 27+ 2 more updatesCeconomy AG to Report Q3, 2024 Results on Aug 14, 2024Ceconomy AG announced that they will report Q3, 2024 results on Aug 14, 2024New Risk • Aug 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.07% net profit margin).Reported Earnings • Aug 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €4.53b (down 2.8% from 3Q 2022). Net loss: €186.0m (loss widened 96% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Specialty Retail industry in Germany.공시 • Aug 03POWER International AS completed the acquisition of MediaMarkt stores in Sweden from Ceconomy AG.POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG on February 14, 2023. As of April 4, 2023, Competition authorities approved this deal. Richard Åkerman, Peter Forsberg, Jenny Lundberg, Mikael Stabo and Anna Ribenfors of Hannes Snellman Attorneys Ltd acted as legal advisor to POWER International AS. POWER International AS completed the acquisition of MediaMarkt stores in Sweden from Ceconomy AG on August 1, 2023.Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €2.74, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Specialty Retail industry in Germany. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.57 per share.New Risk • Jun 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 335% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results.Price Target Changed • Jun 09Price target increased by 9.9% to €2.27Up from €2.07, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €2.20. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.31 last year.Reported Earnings • May 21Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €5.30b (up 5.6% from 2Q 2022). Net loss: €47.0m (loss widened 124% from 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Specialty Retail industry in Germany.Price Target Changed • May 18Price target increased by 8.8% to €2.07Up from €1.90, the current price target is an average from 9 analysts. New target price is 7.0% below last closing price of €2.22. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.31 last year.Buying Opportunity • May 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.4%. The fair value is estimated to be €2.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 18% per annum over the same time period.Price Target Changed • May 16Price target increased by 9.8% to €1.99Up from €1.81, the current price target is an average from 9 analysts. New target price is 15% below last closing price of €2.33. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.31 last year.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.03, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Specialty Retail industry in Germany. Total loss to shareholders of 6.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.22 per share.공시 • Feb 16POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG.POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG on February 14, 2023.Reported Earnings • Feb 15First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: €7.07b (up 3.1% from 1Q 2022). Net income: €127.0m (up 4.1% from 1Q 2022). Profit margin: 1.8% (in line with 1Q 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Germany.공시 • Feb 15+ 1 more updateCeconomy AG to Report Q3, 2023 Results on Aug 10, 2023Ceconomy AG announced that they will report Q3, 2023 results on Aug 10, 2023Buying Opportunity • Feb 04Now 22% undervaluedOver the last 90 days, the stock is up 30%. The fair value is estimated to be €2.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings is also forecast to grow by 9.8% per annum over the same time period.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.13, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.13 per share.Price Target Changed • Dec 19Price target decreased to €2.09Down from €2.30, the current price target is an average from 10 analysts. New target price is 30% above last closing price of €1.61. Stock is down 57% over the past year.Reported Earnings • Dec 18Full year 2022 earnings releasedFull year 2022 results: Revenue: €21.8b (up 1.9% from FY 2021). Net income: €126.0m (down 43% from FY 2021). Profit margin: 0.6% (down from 1.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.공시 • Dec 16Ceconomy AG to Report Q1, 2023 Results on Feb 14, 2023Ceconomy AG announced that they will report Q1, 2023 results on Feb 14, 2023Buying Opportunity • Dec 16Now 24% undervaluedOver the last 90 days, the stock is up 31%. The fair value is estimated to be €2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings is also forecast to grow by 27% per annum over the same time period.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 23% share price gain to €2.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.53 per share.Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 18% share price gain to €1.66, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.78 per share.Price Target Changed • Sep 28Price target decreased to €2.79Down from €3.07, the current price target is an average from 9 analysts. New target price is 130% above last closing price of €1.21. Stock is down 67% over the past year. The company is forecast to post earnings per share of €0.16 for next year compared to €0.62 last year.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 70% over the past three years.Reported Earnings • Aug 14Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €4.66b (up 5.7% from 3Q 2021). Net loss: €95.0m (loss widened 42% from 3Q 2021). Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Germany.Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorated over the past weekAfter last week's 24% share price decline to €1.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 65% over the past three years.Price Target Changed • Jul 20Price target decreased to €3.78Down from €4.37, the current price target is an average from 9 analysts. New target price is 41% above last closing price of €2.69. Stock is down 32% over the past year. The company is forecast to post earnings per share of €0.45 for next year compared to €0.62 last year.Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €2.68, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 46% over the past three years.Reported Earnings • May 16Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: €0.06 loss per share (down from €0.26 profit in 2Q 2021). Revenue: €5.02b (up 16% from 2Q 2021). Net loss: €21.0m (down 122% from profit in 2Q 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 1.1%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 09First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: €0.34 (down from €0.43 in 1Q 2021). Revenue: €6.85b (down 8.2% from 1Q 2021). Net income: €122.0m (down 20% from 1Q 2021). Profit margin: 1.8% (down from 2.0% in 1Q 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 41%. Over the next year, revenue is forecast to grow 4.3%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Feb 03Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 10 February 2022. Payment date: 14 February 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (2.2%).Reported Earnings • Dec 17Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €0.62 (up from €0.66 loss in FY 2020). Revenue: €21.4b (up 2.5% from FY 2020). Net income: €222.0m (up €459.0m from FY 2020). Profit margin: 1.0% (up from net loss in FY 2020). Like-for-like sales growth: 4.1% vs FY 2020 Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%. Earnings per share (EPS) surpassed analyst estimates by 45%. Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Price Target Changed • Dec 08Price target decreased to €4.95Down from €5.33, the current price target is an average from 8 analysts. New target price is 42% above last closing price of €3.48. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.45 next year compared to a net loss per share of €0.66 last year.Reported Earnings • Aug 14Third quarter 2021 earnings releasedThe company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €4.41b (up 7.3% from 3Q 2020). Net loss: €67.0m (loss narrowed 36% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Executive Departure • Jul 01Chief Executive Officer of Media-Saturn-Holding GmbH Ferran Planet has left the companyOn the 30th of June, Ferran Planet's tenure as Chief Executive Officer of Media-Saturn-Holding GmbH ended. We don't have any record of a personal shareholding under Ferran's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model.Reported Earnings • May 14Second quarter 2021 earnings released: EPS €0.26 (vs €0.82 loss in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €4.32b (down 6.7% from 2Q 2020). Net income: €94.0m (up €389.0m from 2Q 2020). Profit margin: 2.2% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Reported Earnings • Feb 11First quarter 2021 earnings releasedThe company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: €7.46b (up 9.4% from 1Q 2020). Net income: €153.0m (down 10.0% from 1Q 2020). Profit margin: 2.0% (down from 2.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Feb 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 51%. Over the next year, revenue is forecast to stay flat compared to a 7.7% growth forecast for the Specialty Retail industry in Germany.Is New 90 Day High Low • Dec 24New 90-day high: €5.83The company is up 43% from its price of €4.07 on 25 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.08 per share.Price Target Changed • Dec 18Price target raised to €4.89Up from €4.37, the current price target is an average from 10 analysts. The new target price is 14% below the current share price of €5.69. As of last close, the stock is up 7.7% over the past year.Reported Earnings • Dec 17Full year 2020 earnings released: €0.66 loss per shareThe company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: €20.8b (down 2.9% from FY 2019). Net loss: €237.0m (down 296% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Dec 17Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Over the next year, revenue is forecast to grow 1.3%, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany.Is New 90 Day High Low • Dec 04New 90-day high: €4.45The company is up 16% from its price of €3.85 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.95 per share.Price Target Changed • Nov 26Price target raised to €4.37Up from €4.07, the current price target is an average from 10 analysts. The new target price is close to the current share price of €4.32. As of last close, the stock is down 1.7% over the past year.Is New 90 Day High Low • Oct 05New 90-day high: €4.22The company is up 32% from its price of €3.20 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.50 per share.Price Target Changed • Oct 05Price target raised to €3.98Up from €3.70, the current price target is an average from 10 analysts. The new target price is 5.8% below the current share price of €4.22. As of last close, the stock is down 13% over the past year.매출 및 비용 세부 내역Ceconomy가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:CEC 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Mar 2623,323-604,134031 Dec 2523,110-14,063030 Sep 2523,072-354,070030 Jun 2522,839144,017031 Mar 2522,954-344,005031 Dec 2423,035833,982030 Sep 2422,442763,933030 Jun 2422,5831353,944031 Mar 2422,1921123,960031 Dec 2322,160-193,983030 Sep 2322,242-393,973030 Jun 2322,132153,971031 Mar 2322,2631043,980031 Dec 2221,9801313,940030 Sep 2221,7681263,897030 Jun 2221,699483,881031 Mar 2221,448773,797031 Dec 2120,7511913,673030 Sep 2121,3612223,685030 Jun 2121,4651723,738031 Mar 2121,1641353,618031 Dec 2021,474-2543,713030 Sep 2020,831-2373,738030 Jun 2020,555-1923,681031 Mar 2021,014-1363,942031 Dec 1921,3971844,041030 Sep 1921,4551214,112030 Jun 1921,4121674,147031 Mar 1921,4331114,110031 Dec 1821,536254,114030 Sep 1821,418224,099030 Jun 1821,598164,122031 Mar 1821,641664,176031 Dec 1721,4731614,183030 Sep 1721,6051344,210030 Jun 1721,504274,223031 Mar 1721,564144,226031 Dec 1621,873-124,279030 Sep 1621,870474,294030 Jun 1631,080-2266,241031 Mar 1640,358-518,008031 Dec 1548,791-4469,853030 Sep 1559,219-26311,614030 Jun 1559,3824511,5790양질의 수익: CEC 은(는) 현재 수익성이 없습니다.이익 마진 증가: CEC는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: CEC은 수익성이 없으며 지난 5년 동안 손실이 연평균 44.7% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 CEC의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: CEC은 수익성이 없어 지난 해 수익 성장률을 Specialty Retail 업계(-0.3%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: CEC는 현재 수익성이 없으므로 자본 수익률이 음수(-9.05%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YRetail 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 19:03종가2026/05/22 00:00수익2026/03/31연간 수익2025/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ceconomy AG는 29명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Batuhan KarabekirBerenbergBruno MonteyneBernsteinGeoffrey d'HalluinBNP Paribas26명의 분석가 더 보기
공시 • Oct 10+ 3 more updatesCeconomy AG to Report Q1, 2026 Results on Feb 11, 2026Ceconomy AG announced that they will report Q1, 2026 results on Feb 11, 2026
Reported Earnings • Aug 18Third quarter 2025 earnings released: €0.24 loss per share (vs €0.33 loss in 3Q 2024)Third quarter 2025 results: €0.24 loss per share (improved from €0.33 loss in 3Q 2024). Revenue: €4.80b (down 2.3% from 3Q 2024). Net loss: €114.0m (loss narrowed 30% from 3Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.
공시 • Feb 27Ceconomy AG to Report Q4, 2025 Results on Dec 17, 2025Ceconomy AG announced that they will report Q4, 2025 results on Dec 17, 2025
공시 • Feb 12Ceconomy AG to Report Q3, 2025 Results on Aug 12, 2025Ceconomy AG announced that they will report Q3, 2025 results on Aug 12, 2025
공시 • Oct 30+ 1 more updateCeconomy AG to Report Q1, 2025 Results on Feb 11, 2025Ceconomy AG announced that they will report Q1, 2025 results on Feb 11, 2025
Reported Earnings • Aug 15Third quarter 2024 earnings released: €0.33 loss per share (vs €0.38 loss in 3Q 2023)Third quarter 2024 results: €0.33 loss per share (improved from €0.38 loss in 3Q 2023). Revenue: €4.92b (up 8.6% from 3Q 2023). Net loss: €162.0m (loss narrowed 13% from 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Price Target Changed • May 20Price target increased by 7.7% to €4.60Up from €4.27, the current price target is an average from 3 analysts. New target price is 14% above last closing price of €4.05. The company is forecast to post earnings per share of €0.54 next year compared to a net loss per share of €0.072 last year.
공시 • Jan 07Ceconomy AG, Annual General Meeting, Feb 18, 2026Ceconomy AG, Annual General Meeting, Feb 18, 2026, at 10:00 W. Europe Standard Time.
공시 • Oct 16Ceconomy AG(XTRA:CEC) dropped from Germany SDAX (Total Return) IndexCeconomy AG has been dropped from the Germany Small DAX (Total Return) Index.
공시 • Oct 10+ 3 more updatesCeconomy AG to Report Q1, 2026 Results on Feb 11, 2026Ceconomy AG announced that they will report Q1, 2026 results on Feb 11, 2026
Reported Earnings • Aug 18Third quarter 2025 earnings released: €0.24 loss per share (vs €0.33 loss in 3Q 2024)Third quarter 2025 results: €0.24 loss per share (improved from €0.33 loss in 3Q 2024). Revenue: €4.80b (down 2.3% from 3Q 2024). Net loss: €114.0m (loss narrowed 30% from 3Q 2024). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.
공시 • Jul 31JD.com, Inc. (NasdaqGS:JD) proposed to acquire 74.65% stake in Ceconomy AG (XTRA:CEC) from Convergenta Invest GmbH, Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, freenet AG (XTRA:FNTN), BC Equities GmbH & Co. KG and others for €1.7 billion.JD.com, Inc. (NasdaqGS:JD) proposed to acquire 74.65% stake in Ceconomy AG (XTRA:CEC) from Convergenta Invest GmbH, Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, freenet AG (XTRA:FNTN), BC Equities GmbH & Co. KG and others for €1.7 billion on July 30, 2025. A cash consideration valued at €4.6 per share will be paid by JD.com, Inc. JD.com and CECONOMY’s founder family shareholder Convergenta Invest GmbH entered into a shareholder agreement, through Convergenta currently holds approximately 29.16% of the shares in CECONOMY. Convergenta has committed to tender 18.5 million shares, representing 3.81% stake into the offer, hence retaining a stake of around 25.35% in CECONOMY thereafter. The Bidder has also entered into agreements with Haniel Finance Deutschland GmbH, Beisheim Holding GmbH, BC Equities GmbH & Co. KG and freenet AG – who together hold approximately 27.9% irrevocably undertaken to accept offer. The aggregate shareholders have irrevocably undertaken to accept the Takeover Offer with respect to 31.7% of the CECONOMY Shares in total (including 3.81% from Convergenta), securing a total shareholding of 57.1% in combination with the retained stake of JD.com’s future partner Convergenta ahead of the launch of the Takeover Offer. Upon successful completion of the offer, JD.com intends to pursue a delisting of CECONOMY. As part of the transaction, CECONOMY will remain a stand-alone business in Europe with a local independent technology stack, and no changes are planned to the workforce, employee agreements and sites. JD.com and CECONOMY have also signed an investment agreement to drive CECONOMY as a stand-alone business and accelerate CECONOMY’s transformation into Europe’s omni-channel consumer electronics platform. JD.com, renowned for its customer experience and e-commerce logistics service standards, will contribute its advanced technology, omni-channel retail expertise, and logistics and warehouse capabilities to the partnership. The transaction will be financed through a combination of acquisition loan and the Company’s cash on balance sheet. The Takeover Offer will be subject to customary conditions, including, among others, merger control, foreign direct investment and foreign subsidies clearances. The Takeover Offer will not be subject to a minimum acceptance rate. The closing of the Takeover Offer is expected to take place in the first half of 2026. Subject to a careful review of the offer document in accordance with their legal obligations, CECONOMY’s Management Board and Supervisory Board intend to recommend to shareholders the acceptance of the offer proposed. Lazard is acting as lead financial advisor to Ceconomy and J.P. Morgan is acting as financial advisor to the Supervisory Board of CECONOMY. Kirkland & Ellis is acting as legal advisor to CECONOMY. Deutsche Bank and Goldman Sachs are acting as financial advisors to JD.com and Baker McKenzie is acting as legal advisor to JD.com.
공시 • Feb 27Ceconomy AG to Report Q4, 2025 Results on Dec 17, 2025Ceconomy AG announced that they will report Q4, 2025 results on Dec 17, 2025
공시 • Feb 12Ceconomy AG to Report Q3, 2025 Results on Aug 12, 2025Ceconomy AG announced that they will report Q3, 2025 results on Aug 12, 2025
공시 • Jan 09Ceconomy AG, Annual General Meeting, Feb 26, 2025Ceconomy AG, Annual General Meeting, Feb 26, 2025, at 10:00 W. Europe Standard Time.
공시 • Oct 30+ 1 more updateCeconomy AG to Report Q1, 2025 Results on Feb 11, 2025Ceconomy AG announced that they will report Q1, 2025 results on Feb 11, 2025
New Risk • Sep 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €3.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Specialty Retail industry in Germany. Total loss to shareholders of 7.7% over the past three years.
Reported Earnings • Aug 15Third quarter 2024 earnings released: €0.33 loss per share (vs €0.38 loss in 3Q 2023)Third quarter 2024 results: €0.33 loss per share (improved from €0.38 loss in 3Q 2023). Revenue: €4.92b (up 8.6% from 3Q 2023). Net loss: €162.0m (loss narrowed 13% from 3Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
New Risk • Jun 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change).
Valuation Update With 7 Day Price Move • May 22Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €2.97, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 3x in the Specialty Retail industry in Germany. Total loss to shareholders of 31% over the past three years.
Price Target Changed • May 19Price target increased by 8.3% to €2.46Up from €2.27, the current price target is an average from 8 analysts. New target price is 14% below last closing price of €2.86. Stock is up 29% over the past year. The company is forecast to post earnings per share of €0.52 next year compared to a net loss per share of €0.08 last year.
Reported Earnings • May 16Second quarter 2024 earnings released: EPS: €0.17 (vs €0.094 loss in 2Q 2023)Second quarter 2024 results: EPS: €0.17 (up from €0.094 loss in 2Q 2023). Revenue: €5.33b (flat on 2Q 2023). Net income: €84.0m (up €131.0m from 2Q 2023). Profit margin: 1.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 11First quarter 2024 earnings released: EPS: €0.30 (vs €0.26 in 1Q 2023)First quarter 2024 results: EPS: €0.30 (up from €0.26 in 1Q 2023). Revenue: €6.98b (down 1.2% from 1Q 2023). Net income: €147.0m (up 16% from 1Q 2023). Profit margin: 2.1% (up from 1.8% in 1Q 2023). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Dec 20Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: €0.08 loss per share (down from €0.31 profit in FY 2022). Revenue: €22.2b (up 2.2% from FY 2022). Net loss: €39.0m (down 131% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
공시 • Dec 13Ceconomy AG to Report Fiscal Year 2024 Results on Dec 18, 2024Ceconomy AG announced that they will report fiscal year 2024 results on Dec 18, 2024
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 32%After last week's 32% share price gain to €2.37, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Specialty Retail industry in Germany. Total loss to shareholders of 42% over the past three years.
공시 • Oct 27+ 2 more updatesCeconomy AG to Report Q3, 2024 Results on Aug 14, 2024Ceconomy AG announced that they will report Q3, 2024 results on Aug 14, 2024
New Risk • Aug 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Dividend is not well covered by earnings (112% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.07% net profit margin).
Reported Earnings • Aug 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: €4.53b (down 2.8% from 3Q 2022). Net loss: €186.0m (loss widened 96% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Specialty Retail industry in Germany.
공시 • Aug 03POWER International AS completed the acquisition of MediaMarkt stores in Sweden from Ceconomy AG.POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG on February 14, 2023. As of April 4, 2023, Competition authorities approved this deal. Richard Åkerman, Peter Forsberg, Jenny Lundberg, Mikael Stabo and Anna Ribenfors of Hannes Snellman Attorneys Ltd acted as legal advisor to POWER International AS. POWER International AS completed the acquisition of MediaMarkt stores in Sweden from Ceconomy AG on August 1, 2023.
Valuation Update With 7 Day Price Move • Jul 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €2.74, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Specialty Retail industry in Germany. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.57 per share.
New Risk • Jun 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 335% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (112% payout ratio). Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results.
Price Target Changed • Jun 09Price target increased by 9.9% to €2.27Up from €2.07, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €2.20. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.31 last year.
Reported Earnings • May 21Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: €5.30b (up 5.6% from 2Q 2022). Net loss: €47.0m (loss widened 124% from 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Specialty Retail industry in Germany.
Price Target Changed • May 18Price target increased by 8.8% to €2.07Up from €1.90, the current price target is an average from 9 analysts. New target price is 7.0% below last closing price of €2.22. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.31 last year.
Buying Opportunity • May 16Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.4%. The fair value is estimated to be €2.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 51%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings is also forecast to grow by 18% per annum over the same time period.
Price Target Changed • May 16Price target increased by 9.8% to €1.99Up from €1.81, the current price target is an average from 9 analysts. New target price is 15% below last closing price of €2.33. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.31 last year.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.03, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Specialty Retail industry in Germany. Total loss to shareholders of 6.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.22 per share.
공시 • Feb 16POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG.POWER International AS agreed to acquire MediaMarkt stores in Sweden from Ceconomy AG on February 14, 2023.
Reported Earnings • Feb 15First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: €7.07b (up 3.1% from 1Q 2022). Net income: €127.0m (up 4.1% from 1Q 2022). Profit margin: 1.8% (in line with 1Q 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Specialty Retail industry in Germany.
공시 • Feb 15+ 1 more updateCeconomy AG to Report Q3, 2023 Results on Aug 10, 2023Ceconomy AG announced that they will report Q3, 2023 results on Aug 10, 2023
Buying Opportunity • Feb 04Now 22% undervaluedOver the last 90 days, the stock is up 30%. The fair value is estimated to be €2.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 0.8% per annum. Earnings is also forecast to grow by 9.8% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.13, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.13 per share.
Price Target Changed • Dec 19Price target decreased to €2.09Down from €2.30, the current price target is an average from 10 analysts. New target price is 30% above last closing price of €1.61. Stock is down 57% over the past year.
Reported Earnings • Dec 18Full year 2022 earnings releasedFull year 2022 results: Revenue: €21.8b (up 1.9% from FY 2021). Net income: €126.0m (down 43% from FY 2021). Profit margin: 0.6% (down from 1.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
공시 • Dec 16Ceconomy AG to Report Q1, 2023 Results on Feb 14, 2023Ceconomy AG announced that they will report Q1, 2023 results on Feb 14, 2023
Buying Opportunity • Dec 16Now 24% undervaluedOver the last 90 days, the stock is up 31%. The fair value is estimated to be €2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 0.7% per annum. Earnings is also forecast to grow by 27% per annum over the same time period.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 23% share price gain to €2.20, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.53 per share.
Valuation Update With 7 Day Price Move • Oct 27Investor sentiment improved over the past weekAfter last week's 18% share price gain to €1.66, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.78 per share.
Price Target Changed • Sep 28Price target decreased to €2.79Down from €3.07, the current price target is an average from 9 analysts. New target price is 130% above last closing price of €1.21. Stock is down 67% over the past year. The company is forecast to post earnings per share of €0.16 for next year compared to €0.62 last year.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 70% over the past three years.
Reported Earnings • Aug 14Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: €4.66b (up 5.7% from 3Q 2021). Net loss: €95.0m (loss widened 42% from 3Q 2021). Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Germany.
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment deteriorated over the past weekAfter last week's 24% share price decline to €1.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 65% over the past three years.
Price Target Changed • Jul 20Price target decreased to €3.78Down from €4.37, the current price target is an average from 9 analysts. New target price is 41% above last closing price of €2.69. Stock is down 32% over the past year. The company is forecast to post earnings per share of €0.45 for next year compared to €0.62 last year.
Valuation Update With 7 Day Price Move • May 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €2.68, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total loss to shareholders of 46% over the past three years.
Reported Earnings • May 16Second quarter 2022 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2022 results: €0.06 loss per share (down from €0.26 profit in 2Q 2021). Revenue: €5.02b (up 16% from 2Q 2021). Net loss: €21.0m (down 122% from profit in 2Q 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 1.1%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 09First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: €0.34 (down from €0.43 in 1Q 2021). Revenue: €6.85b (down 8.2% from 1Q 2021). Net income: €122.0m (down 20% from 1Q 2021). Profit margin: 1.8% (down from 2.0% in 1Q 2021). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 41%. Over the next year, revenue is forecast to grow 4.3%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Feb 03Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 10 February 2022. Payment date: 14 February 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (2.2%).
Reported Earnings • Dec 17Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €0.62 (up from €0.66 loss in FY 2020). Revenue: €21.4b (up 2.5% from FY 2020). Net income: €222.0m (up €459.0m from FY 2020). Profit margin: 1.0% (up from net loss in FY 2020). Like-for-like sales growth: 4.1% vs FY 2020 Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%. Earnings per share (EPS) surpassed analyst estimates by 45%. Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Price Target Changed • Dec 08Price target decreased to €4.95Down from €5.33, the current price target is an average from 8 analysts. New target price is 42% above last closing price of €3.48. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.45 next year compared to a net loss per share of €0.66 last year.
Reported Earnings • Aug 14Third quarter 2021 earnings releasedThe company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €4.41b (up 7.3% from 3Q 2020). Net loss: €67.0m (loss narrowed 36% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Executive Departure • Jul 01Chief Executive Officer of Media-Saturn-Holding GmbH Ferran Planet has left the companyOn the 30th of June, Ferran Planet's tenure as Chief Executive Officer of Media-Saturn-Holding GmbH ended. We don't have any record of a personal shareholding under Ferran's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 1.67 years, which is considered inexperienced in the Simply Wall St Risk Model.
Reported Earnings • May 14Second quarter 2021 earnings released: EPS €0.26 (vs €0.82 loss in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €4.32b (down 6.7% from 2Q 2020). Net income: €94.0m (up €389.0m from 2Q 2020). Profit margin: 2.2% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Reported Earnings • Feb 11First quarter 2021 earnings releasedThe company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: €7.46b (up 9.4% from 1Q 2020). Net income: €153.0m (down 10.0% from 1Q 2020). Profit margin: 2.0% (down from 2.5% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Feb 11Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 51%. Over the next year, revenue is forecast to stay flat compared to a 7.7% growth forecast for the Specialty Retail industry in Germany.
Is New 90 Day High Low • Dec 24New 90-day high: €5.83The company is up 43% from its price of €4.07 on 25 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.08 per share.
Price Target Changed • Dec 18Price target raised to €4.89Up from €4.37, the current price target is an average from 10 analysts. The new target price is 14% below the current share price of €5.69. As of last close, the stock is up 7.7% over the past year.
Reported Earnings • Dec 17Full year 2020 earnings released: €0.66 loss per shareThe company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: €20.8b (down 2.9% from FY 2019). Net loss: €237.0m (down 296% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Dec 17Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 51%. Over the next year, revenue is forecast to grow 1.3%, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany.
Is New 90 Day High Low • Dec 04New 90-day high: €4.45The company is up 16% from its price of €3.85 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.95 per share.
Price Target Changed • Nov 26Price target raised to €4.37Up from €4.07, the current price target is an average from 10 analysts. The new target price is close to the current share price of €4.32. As of last close, the stock is down 1.7% over the past year.
Is New 90 Day High Low • Oct 05New 90-day high: €4.22The company is up 32% from its price of €3.20 on 07 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.50 per share.
Price Target Changed • Oct 05Price target raised to €3.98Up from €3.70, the current price target is an average from 10 analysts. The new target price is 5.8% below the current share price of €4.22. As of last close, the stock is down 13% over the past year.