XTRA:CWC

Stock Analysis Report

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Executive Summary

CEWE Stiftung & Co. KGaA engages in photofinishing and commercial online printing businesses in germany. More Details


Snowflake Analysis

Excellent balance sheet established dividend payer.

Share Price & News

How has CEWE Stiftung KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CWC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.2%

CWC

-1.1%

DE Commercial Services

0.1%

DE Market


1 Year Return

13.5%

CWC

-11.4%

DE Commercial Services

6.2%

DE Market

Return vs Industry: CWC exceeded the German Commercial Services industry which returned -11.8% over the past year.

Return vs Market: CWC exceeded the German Market which returned 6.6% over the past year.


Shareholder returns

CWCIndustryMarket
7 Day-3.2%-1.1%0.1%
30 Day-8.0%-2.1%1.5%
90 Day-3.0%-0.7%5.3%
1 Year13.5%13.5%-9.9%-11.4%8.7%6.2%
3 Year29.4%23.7%-17.6%-23.7%6.4%-2.3%
5 Year115.5%96.0%-1.1%-12.9%36.6%18.0%

Price Volatility Vs. Market

How volatile is CEWE Stiftung KGaA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CEWE Stiftung KGaA undervalued compared to its fair value and its price relative to the market?

33.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CWC (€92.7) is trading below our estimate of fair value (€139.16)

Significantly Below Fair Value: CWC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CWC's PE Ratio (19.2x) is in line with the XE Commercial Services industry average.

PE vs Market: CWC is good value based on its PE Ratio (19.2x) compared to the German market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: CWC is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: CWC is overvalued based on its PB Ratio (2.5x) compared to the DE Commercial Services industry average (2x).


Next Steps

Future Growth

How is CEWE Stiftung KGaA forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

13.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CWC's forecast earnings growth (13.4% per year) is above the savings rate (0.2%).

Earnings vs Market: CWC's earnings (13.4% per year) are forecast to grow slower than the German market (27.7% per year).

High Growth Earnings: CWC's earnings are forecast to grow, but not significantly.

Revenue vs Market: CWC's revenue (4.5% per year) is forecast to grow slower than the German market (6% per year).

High Growth Revenue: CWC's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CWC's Return on Equity is forecast to be low in 3 years time (14.8%).


Next Steps

Past Performance

How has CEWE Stiftung KGaA performed over the past 5 years?

8.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CWC has high quality earnings.

Growing Profit Margin: CWC's current net profit margins (4.8%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: CWC's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: CWC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CWC had negative earnings growth (-11.2%) over the past year, making it difficult to compare to the Commercial Services industry average (-2.1%).


Return on Equity

High ROE: CWC's Return on Equity (13.2%) is considered low.


Next Steps

Financial Health

How is CEWE Stiftung KGaA's financial position?


Financial Position Analysis

Short Term Liabilities: CWC's short term assets (€124.5M) do not cover its short term liabilities (€137.5M).

Long Term Liabilities: CWC's short term assets (€124.5M) exceed its long term liabilities (€90.1M).


Debt to Equity History and Analysis

Debt Level: CWC's debt to equity ratio (5.2%) is considered satisfactory.

Reducing Debt: CWC's debt to equity ratio has reduced from 12.4% to 5.2% over the past 5 years.

Debt Coverage: CWC's debt is well covered by operating cash flow (855.7%).

Interest Coverage: CWC's interest payments on its debt are well covered by EBIT (16.8x coverage).


Balance Sheet


Next Steps

Dividend

What is CEWE Stiftung KGaA current dividend yield, its reliability and sustainability?

2.16%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: CWC's dividend (2.16%) is higher than the bottom 25% of dividend payers in the German market (1.17%).

High Dividend: CWC's dividend (2.16%) is low compared to the top 25% of dividend payers in the German market (3.61%).


Stability and Growth of Payments

Stable Dividend: CWC's dividends per share have been stable in the past 10 years.

Growing Dividend: CWC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.5%), CWC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CWC's dividends in 3 years are forecast to be well covered by earnings (36.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.4yrs

Average management tenure


CEO

Christian Friege (54 yo)

no data

Tenure

€988,928

Compensation

Dr. Christian Friege has been Chairman of Management Board of CEWE Stiftung & Co. KGaA since July 1, 2017 and serves as its CEO. Dr. Friege has been a Member of the Board of Management of CEWE Stiftung & C ...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD1.17M) is about average for companies of similar size in the German market ($USD1.30M).

Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christian Friege
Chairman of Management Board & CEOno data€988.93kno data
Olaf Holzkamper
CFO & Member of the Board of Management10.42yrs€760.32kno data
Reiner Fageth
Member of the Board of Management13.67yrs€747.76kno data
Frank Zweigle
Member of the Board of Managementno data€121.65kno data
Thomas Mehls
Member of the Board of Managementno data€775.20kno data
Carsten Heitkamp
Member of the Board of Managementno data€722.35kno data
Patrick Berkhouwer
Member of the Board of Management4.67yrs€738.57kno data

10.4yrs

Average Tenure

Experienced Management: CWC's management team is seasoned and experienced (10.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hans-Henning Wiegmann
Member of Supervisory Board7.42yrs€52.00kno data
Otto Korte
Chairman of Supervisory Board8.25yrs€101.00k0%
€ 0
Christiane Hipp
Member of Supervisory Board8.25yrs€52.00kno data
Patricia Geibel-Conrad
Member of Supervisory Board2.25yrs€36.90kno data
Markus Schwarz
Deputy Chairman of Supervisory Boardno data€69.00k0.00062%
€ 4.1k
Paolo Dell'Antonio
Member of Supervisory Boardno data€52.00kno data
Birgit Vemmer
Member of Supervisory Board2.25yrs€34.90kno data
Alexander Oyen
Member of Supervisory Board2.25yrs€34.90kno data
Elwira Wall
Member of Supervisory Board2.25yrs€34.90k0.00062%
€ 4.1k
Insa Lukassen
Member of Supervisory Board2.25yrs€34.90k0.00039%
€ 2.6k
Marion Gerdes
Member of Supervisory Board2.25yrs€36.90k0.00050%
€ 3.3k
Petra Adolph
Member of Supervisory Board2.25yrs€33.90kno data

2.3yrs

Average Tenure

Experienced Board: CWC's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CEWE Stiftung & Co. KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CEWE Stiftung & Co. KGaA
  • Ticker: CWC
  • Exchange: XTRA
  • Founded: 1961
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: €667.550m
  • Shares outstanding: 7.20m
  • Website: https://www.cewe.de

Number of Employees


Location

  • CEWE Stiftung & Co. KGaA
  • Meerweg 30-32
  • Oldenburg
  • Lower Saxony
  • 26133
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CWCDB (Deutsche Boerse AG)YesBearer SharesDEEURAug 1993
CWCXTRA (XETRA Trading Platform)YesBearer SharesDEEURAug 1993
0N8FLSE (London Stock Exchange)YesBearer SharesGBEURAug 1993
CWCDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURAug 1993
CWCSWX (SIX Swiss Exchange)YesBearer SharesCHCHFAug 1993
CWCWBAG (Wiener Boerse AG)YesBearer SharesATEURAug 1993

Biography

CEWE Stiftung & Co. KGaA engages in photofinishing and commercial online printing businesses in germany. The company operates through Photofinishing, Retail, Commercial Online Printing, and Other Activitie ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 02:50
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.