CEWE Stiftung & Co. KGaA engages in photofinishing and commercial online printing businesses in germany.
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's share price has been volatile over the past 3 months.
7 Day Return
DE Commercial Services
1 Year Return
DE Commercial Services
Return vs Industry: CWC exceeded the German Commercial Services industry which returned -31.1% over the past year.
Return vs Market: CWC exceeded the German Market which returned -16.6% over the past year.
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
7 months ago | Simply Wall StWhat Should You Know About The Future Of CEWE Stiftung & Co. KGaA's (FRA:CWC)?
8 months ago | Simply Wall StShould You Worry About CEWE Stiftung & Co. KGaA's (FRA:CWC) CEO Salary Level?
8 months ago | Simply Wall StShould You Be Excited About CEWE Stiftung & Co. KGaA's (FRA:CWC) 15% Return On Equity?
Is CEWE Stiftung KGaA undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CWC (€87) is trading below our estimate of fair value (€153.84)
Significantly Below Fair Value: CWC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CWC is good value based on its PE Ratio (19x) compared to the Commercial Services industry average (91.8x).
PE vs Market: CWC is poor value based on its PE Ratio (19x) compared to the German market (16.8x).
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 (2.3x) compared to the DE Commercial Services industry average (2.2x).
How is CEWE Stiftung KGaA forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CWC's forecast earnings growth (13.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: CWC's earnings (13.3% per year) are forecast to grow slower than the German market (14% per year).
High Growth Earnings: CWC's earnings are forecast to grow, but not significantly.
Revenue vs Market: CWC's revenue (3% per year) is forecast to grow slower than the German market (3.9% per year).
High Growth Revenue: CWC's revenue (3% 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 (14.5%).
How has CEWE Stiftung KGaA performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CWC has high quality earnings.
Growing Profit Margin: CWC's current net profit margins (4.5%) are lower than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: CWC's earnings have grown by 10.8% 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 (-14.5%) over the past year, making it difficult to compare to the Commercial Services industry average (8.9%).
Return on Equity
High ROE: CWC's Return on Equity (12.1%) is considered low.
How is CEWE Stiftung KGaA's financial position?
Financial Position Analysis
Short Term Liabilities: CWC's short term assets (€190.2M) do not cover its short term liabilities (€202.1M).
Long Term Liabilities: CWC's short term assets (€190.2M) exceed its long term liabilities (€95.4M).
Debt to Equity History and Analysis
Debt Level: CWC's debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: CWC's debt to equity ratio has reduced from 2.4% to 0.7% over the past 5 years.
Debt Coverage: CWC's debt is well covered by operating cash flow (5244.6%).
Interest Coverage: CWC's interest payments on its debt are well covered by EBIT (17.1x coverage).
What is CEWE Stiftung KGaA's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CWC's dividend (2.32%) is higher than the bottom 25% of dividend payers in the German market (1.67%).
High Dividend: CWC's dividend (2.32%) is low compared to the top 25% of dividend payers in the German market (4.71%).
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 (44.1%), 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 (35% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christian Friege (53yo)
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 ($USD931.48K) is about average for companies of similar size in the German market ($USD1.30M).
Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.
|Chairman of Management Board & CEO||no data||€861.34k||no data|
|CFO & Member of the Board of Management||10yrs||€679.55k||no data|
|Member of the Board of Management||13.25yrs||€657.22k||no data|
|Member of the Board of Management||no data||€123.70k||no data|
|Member of the Board of Management||no data||€683.85k||no data|
|Member of the Board of Management||no data||€660.45k||no data|
|Member of the Board of Management||4.25yrs||€656.06k||no data|
Experienced Management: CWC's management team is seasoned and experienced (10 years average tenure).
|Member of Supervisory Board||7yrs||€49.30k||no data|
|Chairman of Supervisory Board||7.83yrs||€95.50k||0.0076% €48.0k|
|Member of Supervisory Board||7.83yrs||€49.30k||no data|
|Member of Supervisory Board||1.83yrs||€7.50k||no data|
|Deputy Chairman of Supervisory Board||no data||€52.10k||0.00063% €4.0k|
|Member of Supervisory Board||no data||€44.50k||no data|
|Member of Supervisory Board||1.83yrs||€6.50k||no data|
|Member of Supervisory Board||1.83yrs||€6.50k||no data|
|Member of Supervisory Board||1.83yrs||€5.50k||0.00063% €4.0k|
|Member of Supervisory Board||1.83yrs||€6.50k||0.00039% €2.4k|
Experienced Board: CWC's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CEWE Stiftung & Co. KGaA's company bio, employee growth, exchange listings and data sources
- Name: CEWE Stiftung & Co. KGaA
- Ticker: CWC
- Exchange: DB
- Founded: 1961
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: €626.989m
- Shares outstanding: 7.19m
- Website: https://www.cewe.de
Number of Employees
- CEWE Stiftung & Co. KGaA
- Meerweg 30-32
- Lower Saxony
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CWC||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||Aug 1993|
|CWC||XTRA (XETRA Trading Platform)||Yes||Bearer Shares||DE||EUR||Aug 1993|
|0N8F||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||EUR||Aug 1993|
|CWCD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Bearer Shares||GB||EUR||Aug 1993|
|CWC||SWX (SIX Swiss Exchange)||Yes||Bearer Shares||CH||CHF||Aug 1993|
|CWC||WBAG (Wiener Boerse AG)||Yes||Bearer Shares||AT||EUR||Aug 1993|
|CWC||ETLX (Eurotlx)||Yes||Bearer Shares||IT||EUR||Aug 1993|
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 Activities segments. It offers photos and photo books; wall art, such as posters, hard foam panels, canvas collages, on acrylic, and aluminium dibond or sophisticated gallery prints; calendars; greeting cards and folded cards or postcards; instant photos; and photo gifts, including photo mugs, wall clocks, t-shirts, and phone and tablet cases. The company also provides online printing services for flyers, posters, brochures, business cards, stationery, packaging, promotional items, etc. under the saxoprint, CEWE-PRINT.de, viaprinto.de, and Laserline brands. In addition, it is involved in walk-in stores and online shops that offers cameras, lenses, and accessories, as well as engages in the real estate property business. It operates approximately 147 stores. The company was founded in 1961 and is headquartered in Oldenburg, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/10 02:16|
|End of Day Share Price||2020/04/09 00:00|
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.