cyan AG

XTRA:CYR Stock Report

Market Cap: €48.6m

cyan Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Markus Cserna

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure8.3yrs
CEO ownershipn/a
Management average tenure3.1yrs
Board average tenure3.2yrs

Recent management updates

Recent updates

Analysis Article Dec 19

Is cyan AG (ETR:CYR) Trading At A 50% Discount?

Key Insights Using the 2 Stage Free Cash Flow to Equity, cyan fair value estimate is €4.51 cyan's €2.28 share price...
Analysis Article Aug 15

An Intrinsic Calculation For cyan AG (ETR:CYR) Suggests It's 44% Undervalued

Key Insights cyan's estimated fair value is €4.41 based on 2 Stage Free Cash Flow to Equity cyan's €2.48 share price...
Analysis Article Dec 06

Is It Too Late To Consider Buying cyan AG (ETR:CYR)?

cyan AG ( ETR:CYR ), is not the largest company out there, but it received a lot of attention from a substantial price...
Analysis Article Aug 17

Are Investors Undervaluing cyan AG (ETR:CYR) By 27%?

Key Insights cyan's estimated fair value is €2.78 based on 2 Stage Free Cash Flow to Equity cyan's €2.04 share price...
Analysis Article May 26

What Does cyan AG's (ETR:CYR) Share Price Indicate?

cyan AG ( ETR:CYR ), might not be a large cap stock, but it led the XTRA gainers with a relatively large price hike in...
Analysis Article Apr 29

Is cyan (ETR:CYR) Using Too Much Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Nov 20

Is cyan (ETR:CYR) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Mar 11

When Should You Buy cyan AG (ETR:CYR)?

cyan AG ( ETR:CYR ), might not be a large cap stock, but it saw significant share price movement during recent months...
Analysis Article Feb 19

Does cyan (ETR:CYR) Have The Makings Of A Multi-Bagger?

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article Jan 31

Should You Be Worried About cyan AG's (ETR:CYR) 11% Return On Equity?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Analysis Article Jan 13

What Type Of Returns Would cyan's(ETR:CYR) Shareholders Have Earned If They Purchased Their SharesYear Ago?

While it may not be enough for some shareholders, we think it is good to see the cyan AG ( ETR:CYR ) share price up 17...
Analysis Article Dec 27

What You Need To Know About cyan AG's (ETR:CYR) Investor Composition

If you want to know who really controls cyan AG ( ETR:CYR ), then you'll have to look at the makeup of its share...
Analysis Article Dec 09

Are cyan's (ETR:CYR) Statutory Earnings A Good Guide To Its Underlying Profitability?

Broadly speaking, profitable businesses are less risky than unprofitable ones. Having said that, sometimes statutory...
Analysis Article Nov 22

At €10.33, Is It Time To Put cyan AG (ETR:CYR) On Your Watch List?

While cyan AG (ETR:CYR) might not be the most widely known stock at the moment, it saw a decent share price growth in...

CEO Compensation Analysis

How has Markus Cserna's remuneration changed compared to cyan's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-€678k

Sep 30 2025n/an/a

-€1m

Jun 30 2025n/an/a

-€2m

Mar 31 2025n/an/a

-€3m

Dec 31 2024n/an/a

-€4m

Sep 30 2024n/an/a

-€4m

Jun 30 2024n/an/a

-€4m

Mar 31 2024n/an/a

-€5m

Dec 31 2023n/an/a

-€5m

Jun 30 2023n/an/a

-€10m

Mar 31 2023n/an/a

-€10m

Dec 31 2022€68k€68k

-€10m

Sep 30 2022n/an/a

-€13m

Jun 30 2022n/an/a

-€9m

Mar 31 2022n/an/a

-€11m

Dec 31 2021€63k€63k

-€14m

Sep 30 2021n/an/a

-€16m

Jun 30 2021n/an/a

-€18m

Mar 31 2021n/an/a

-€13m

Dec 31 2020€117k€67k

-€9m

Compensation vs Market: Insufficient data to establish whether Markus's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Markus's compensation has increased whilst the company is unprofitable.


CEO

Markus Cserna (46 yo)

8.3yrs
Tenure
€68,000
Compensation

Mr. Markus Cserna has been Chief Technology Officer of cyan AG since January 2018 and also serves as its Member of Executive Board since 2018. He Interim CEO of cyan AG since August 2025. He served as Inte...


Leadership Team

NamePositionTenureCompensationOwnership
Markus Cserna
Interim CEO8.3yrs€68.00kno data
. Andras
Head of Operations3.3yrsno datano data
. Karin
Head of HR2.8yrsno datano data
. Birgit
Marketing Manager2.8yrsno datano data
. Alexander
Head of Development & Engineering3.3yrsno datano data
. Ilja
Managing Director of APAC2.3yrsno datano data
3.1yrs
Average Tenure

Experienced Management: CYR's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lucas Prunbauer
Deputy Chairman of the Supervisory Board7.5yrs€40.00kno data
Markus Messerer
Member of the Supervisory Board3.2yrsno datano data
Alexander Singer
Chairman of the Supervisory Board2.8yrsno datano data
3.2yrs
Average Tenure
44yo
Average Age

Experienced Board: CYR's board of directors are considered experienced (3.2 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 09:19
End of Day Share Price 2026/05/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

cyan AG is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gustav FrobergBerenberg
Dan GardinerEdison Investment Research
Tim WunderlichHauck Aufhäuser Investment Banking