cyan AG

XTRA:CYR Stock Report

Market Cap: €54.1m

cyan Valuation

Is CYR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CYR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CYR (€2.68) is trading below our estimate of fair value (€12.01)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CYR?

Key metric: As CYR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CYR. This is calculated by dividing CYR's market cap by their current revenue.
What is CYR's PS Ratio?
PS Ratio9.2x
Sales€5.86m
Market Cap€54.11m

Price to Sales Ratio vs Peers

How does CYR's PS Ratio compare to its peers?

The above table shows the PS ratio for CYR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.9x
EXL Exasol
1.5x13.0%€56.9m
IVU IVU Traffic Technologies
1.8xn/a€231.1m
IXX init innovation in traffic systems
1.4x13.2%€354.6m
SUSE SUSE
3x7.4%€1.9b
CYR cyan
9.2x28.1%€54.1m

Price-To-Sales vs Peers: CYR is expensive based on its Price-To-Sales Ratio (9.2x) compared to the peer average (1.6x).

Price to Sales Ratio vs Industry

How does CYR's PS Ratio compare vs other companies in the DE Software Industry?

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.4x5.2%US$74.07m
CLIQ Cliq Digital
0.09x13.2%US$25.77m
LSX LS telcom
0.5x5.0%US$21.11m
IVX InVision
0.6xn/aUS$9.59m
CYR 9.2xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CYR is expensive based on its Price-To-Sales Ratio (9.2x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is CYR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CYR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.2x
Fair PS Ratio3.2x

Price-To-Sales vs Fair Ratio: CYR is expensive based on its Price-To-Sales Ratio (9.2x) compared to the estimated Fair Price-To-Sales Ratio (3.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CYR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.68
€4.13
+53.9%
6.7%€4.40€3.85n/a2
Nov ’25€2.66
€4.13
+55.1%
6.7%€4.40€3.85n/a2
Oct ’25€2.22
€4.03
+81.3%
4.3%€4.20€3.85n/a2
Sep ’25€2.32
€4.03
+73.5%
4.3%€4.20€3.85n/a2
Aug ’25€2.46
€4.03
+63.6%
4.3%€4.20€3.85n/a2
Jul ’25€2.36
€4.03
+70.6%
4.3%€4.20€3.85n/a2
Jun ’25€2.46
€4.03
+63.6%
4.3%€4.20€3.85n/a2
May ’25€2.22
€3.20
+44.1%
9.4%€3.50€2.90n/a2
Apr ’25€2.54
€3.05
+20.1%
4.9%€3.20€2.90n/a2
Mar ’25€1.35
€3.05
+125.9%
4.9%€3.20€2.90n/a2
Feb ’25€1.50
€3.05
+103.3%
4.9%€3.20€2.90n/a2
Jan ’25€1.05
€3.05
+190.5%
4.9%€3.20€2.90n/a2
Dec ’24€1.18
€3.25
+175.4%
10.8%€3.60€2.90n/a2
Nov ’24€1.22
€3.25
+166.4%
10.8%€3.60€2.90€2.662
Sep ’24€1.84
€3.75
+103.8%
4.0%€3.90€3.60€2.322
Aug ’24€1.81
€4.00
+121.0%
10.0%€4.40€3.60€2.462
Jul ’24€1.95
€4.00
+105.1%
10.0%€4.40€3.60€2.362
Jun ’24€1.69
€4.00
+136.7%
10.0%€4.40€3.60€2.462
May ’24€1.60
€4.75
+196.9%
7.4%€5.10€4.40€2.222
Apr ’24€1.46
€4.75
+226.5%
7.4%€5.10€4.40€2.542

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

CSE Global

S$303.7m

An investment holding company, engages in the provision of integrated industrial automation, information technology, and intelligent transport solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

XCC

S$0.29

7D

0%

1Y

6.5%

TeamViewer

€1.8b

Develops and distributes remote connectivity solutions worldwide.

TMV

€11.60

7D

-3.4%

1Y

-13.4%

Kontron

€1.0b

Engages in the provision of internet of things (IoT) solutions in Austria and internationally.

SANT

€16.94

7D

-3.2%

1Y

-24.8%