| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
CEC Stock Overview
Ceconomy AG engages in the consumer electronics retail business.
Ceconomy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €3.21 |
| 52 Week High | €5.20 |
| 52 Week Low | €2.83 |
| Beta | 2.18 |
| 1 Month Change | -4.52% |
| 3 Month Change | -11.63% |
| 1 Year Change | -26.35% |
| 3 Year Change | -43.12% |
| 5 Year Change | -89.52% |
| Change since IPO | -89.74% |
Recent News & Updates
Here's Why Ceconomy (ETR:CEC) Has A Meaningful Debt Burden
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Shareholder Returns
| CEC | DE Specialty Retail | DE Market | |
|---|---|---|---|
| 7D | 2.2% | 1.9% | 1.2% |
| 1Y | -26.4% | -40.5% | -12.2% |
Return vs Industry: CEC exceeded the German Specialty Retail industry which returned -40.5% over the past year.
Return vs Market: CEC underperformed the German Market which returned -12.2% over the past year.
Price Volatility
| CEC volatility | |
|---|---|
| CEC Average Weekly Movement | 6.0% |
| Specialty Retail Industry Average Movement | 6.7% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in DE Market | 10.7% |
| 10% least volatile stocks in DE Market | 3.5% |
Stable Share Price: CEC is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CEC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 45,507 | Karsten Wildberger | https://www.ceconomy.de |
Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4New for selling used electronic articles online.
Ceconomy Fundamentals Summary
| CEC fundamental statistics | |
|---|---|
| Market Cap | €1.16b |
| Earnings (TTM) | €191.00m |
| Revenue (TTM) | €20.75b |
6.0x
P/E Ratio0.1x
P/S RatioIs CEC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CEC income statement (TTM) | |
|---|---|
| Revenue | €0 |
| Cost of Revenue | €0 |
| Gross Profit | €0 |
| Other Expenses | €0 |
| Earnings | €0 |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 11, 2022
| Earnings per share (EPS) | 0.53 |
| Gross Margin | 17.22% |
| Net Profit Margin | 0.92% |
| Debt/Equity Ratio | 329.3% |
How did CEC perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield32%
Payout RatioValuation
Is Ceconomy undervalued compared to its fair value and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CEC (€3.21) is trading below our estimate of fair value (€10.98)
Significantly Below Fair Value: CEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CEC is good value based on its PE Ratio (6x) compared to the German Specialty Retail industry average (11.1x).
PE vs Market: CEC is good value based on its PE Ratio (6x) compared to the German market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: CEC is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: CEC is good value based on its PB Ratio (1.5x) compared to the DE Specialty Retail industry average (1.9x).
Future Growth
How is Ceconomy forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
17.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CEC's forecast earnings growth (17.1% per year) is above the savings rate (-0.05%).
Earnings vs Market: CEC's earnings (17.1% per year) are forecast to grow faster than the German market (7.9% per year).
High Growth Earnings: CEC's earnings are forecast to grow, but not significantly.
Revenue vs Market: CEC's revenue (2% per year) is forecast to grow slower than the German market (4.9% per year).
High Growth Revenue: CEC's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CEC's Return on Equity is forecast to be low in 3 years time (19.4%).
Past Performance
How has Ceconomy performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-2.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEC has a large one-off gain of €51.0M impacting its March 31 2022 financial results.
Growing Profit Margin: CEC became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CEC has become profitable over the past 5 years, growing earnings by -2.5% per year.
Accelerating Growth: CEC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CEC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Specialty Retail industry (52.6%).
Return on Equity
High ROE: CEC's Return on Equity (23.2%) is considered high.
Financial Health
How is Ceconomy's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: CEC's short term assets (€9.0B) do not cover its short term liabilities (€9.3B).
Long Term Liabilities: CEC's short term assets (€9.0B) exceed its long term liabilities (€2.6B).
Debt to Equity History and Analysis
Debt Level: CEC's net debt to equity ratio (139.6%) is considered high.
Reducing Debt: CEC's debt to equity ratio has increased from 62.9% to 329.3% over the past 5 years.
Debt Coverage: CEC's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: CEC's interest payments on its debt are well covered by EBIT (53x coverage).
Balance Sheet
Dividend
What is Ceconomy current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
5.30%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CEC's dividend (5.3%) is higher than the bottom 25% of dividend payers in the German market (1.37%).
High Dividend: CEC's dividend (5.3%) is in the top 25% of dividend payers in the German market (4.29%)
Stability and Growth of Payments
Stable Dividend: CEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: CEC's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.1%), CEC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.1%), CEC's dividend payments are well covered by cash flows.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Karsten Wildberger (52 yo)
0.75
Tenure
€3,975,000
Compensation
Dr. Karsten Wildberger, Ph D., MBA, has been Chief Executive Officer, Chairman & Member of Management Board and Labor Director at Ceconomy AG since August 1, 2021. He had been the Member of Management Boar...
CEO Compensation Analysis
Compensation vs Market: Karsten's total compensation ($USD4.14M) is above average for companies of similar size in the German market ($USD1.48M).
Compensation vs Earnings: Insufficient data to compare Karsten's compensation with company performance.
Leadership Team
Experienced Management: CEC's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
Experienced Board: CEC's board of directors are considered experienced (4.8 years average tenure).
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
Ceconomy AG's employee growth, exchange listings and data sources
Key Information
- Name: Ceconomy AG
- Ticker: CEC
- Exchange: XTRA
- Founded: NaN
- Industry: Computer and Electronics Retail
- Sector: Retail
- Implied Market Cap: €1.156b
- Shares outstanding: 359.42m
- Website: https://www.ceconomy.de
Number of Employees
Location
- Ceconomy AG
- Kaistrasse 3
- Düsseldorf
- North Rhine-Westphalia
- 40221
- Germany
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/15 00:00 |
| End of Day Share Price | 2022/05/13 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/09/30 |
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.