CENIT Aktiengesellschaft operates as an IT consultancy and software firm for manufacturing and financial service industries.
Very undervalued with flawless balance sheet and pays a dividend.
Share Price & News
How has CENIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CSH has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CSH underperformed the German Software industry which returned 23.2% over the past year.
Return vs Market: CSH underperformed the German Market which returned 3.6% over the past year.
Price Volatility Vs. Market
How volatile is CENIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
10 months ago | Simply Wall StIs CENIT Aktiengesellschaft's (FRA:CSH) 4.7% Dividend Sustainable?
11 months ago | Simply Wall StThe CENIT (FRA:CSH) Share Price Is Down 38% So Some Shareholders Are Getting Worried
11 months ago | Simply Wall StAn Intrinsic Calculation For CENIT Aktiengesellschaft (FRA:CSH) Suggests It's 35% Undervalued
Is CENIT 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: CSH (€9.62) is trading below our estimate of fair value (€17.86)
Significantly Below Fair Value: CSH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CSH is good value based on its PE Ratio (11.9x) compared to the DE Software industry average (25.7x).
PE vs Market: CSH is good value based on its PE Ratio (11.9x) compared to the German market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: CSH is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: CSH is good value based on its PB Ratio (1.9x) compared to the DE Software industry average (3.3x).
How is CENIT 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: CSH's forecast earnings growth (21.9% per year) is above the savings rate (0.2%).
Earnings vs Market: CSH's earnings (21.9% per year) are forecast to grow slower than the German market (23% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CSH's revenue (3.6% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: CSH's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CSH's Return on Equity is forecast to be low in 3 years time (9.2%).
How has CENIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSH has high quality earnings.
Growing Profit Margin: CSH's current net profit margins (4%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: CSH's earnings have declined by 2.4% per year over the past 5 years.
Accelerating Growth: CSH's earnings growth over the past year (21.7%) exceeds its 5-year average (-2.4% per year).
Earnings vs Industry: CSH earnings growth over the past year (21.7%) underperformed the Software industry 31%.
Return on Equity
High ROE: CSH's Return on Equity (16.6%) is considered low.
How is CENIT's financial position?
Financial Position Analysis
Short Term Liabilities: CSH's short term assets (€65.8M) exceed its short term liabilities (€43.0M).
Long Term Liabilities: CSH's short term assets (€65.8M) exceed its long term liabilities (€12.8M).
Debt to Equity History and Analysis
Debt Level: CSH is debt free.
Reducing Debt: CSH had no debt 5 years ago.
Debt Coverage: CSH has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CSH has no debt, therefore coverage of interest payments is not a concern.
What is CENIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CSH's dividend (4.61%) is higher than the bottom 25% of dividend payers in the German market (1.26%).
High Dividend: CSH's dividend (4.61%) is in the top 25% of dividend payers in the German market (3.84%)
Stability and Growth of Payments
Stable Dividend: CSH's dividend payments have been volatile in the past 10 years.
Growing Dividend: CSH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.8%), CSH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CSH's dividends in 3 years are forecast to be covered by earnings (57.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Kurt Bengel (58 yo)
Dipl.-Ing. Kurt Bengel has been the Member of Management Board of CENIT AG Systemhaus since January 1, 2007 and served as its Chairman of The Management Board and serves as its Head of Operations, Investor ...
CEO Compensation Analysis
Compensation vs Market: Kurt's total compensation ($USD681.41K) is above average for companies of similar size in the German market ($USD467.22K).
Compensation vs Earnings: Kurt's compensation has been consistent with company performance over the past year.
|Chairman of Supervisory Board||2.25yrs||€30.00k||0.00096% |
|Deputy Chairman of Supervisory Board||2.25yrs||€22.50k||no data|
|Member of Supervisory Board||2.25yrs||€15.00k||no data|
Experienced Board: CSH's board of directors are not considered experienced ( 2.3 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.
CENIT Aktiengesellschaft's company bio, employee growth, exchange listings and data sources
- Name: CENIT Aktiengesellschaft
- Ticker: CSH
- Exchange: DB
- Founded: 1988
- Industry: Application Software
- Sector: Software
- Market Cap: €81.669m
- Shares outstanding: 8.37m
- Website: https://www.cenit.com
Number of Employees
- CENIT Aktiengesellschaft
- Industriestrasse 52-54
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CSH||DB (Deutsche Boerse AG)||Yes||Bearer Shares||DE||EUR||May 1998|
|CSH||XTRA (XETRA Trading Platform)||Yes||Bearer Shares||DE||EUR||May 1998|
|0MUF||LSE (London Stock Exchange)||Yes||Bearer Shares||GB||EUR||May 1998|
|CSH||SWX (SIX Swiss Exchange)||Yes||Bearer Shares||CH||CHF||May 1998|
|CSHd||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Bearer Shares||GB||EUR||May 1998|
CENIT Aktiengesellschaft operates as an IT consultancy and software firm for manufacturing and financial service industries. The company operates in two segments, Enterprise Information Management (EIM) an ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/02 20:41|
|End of Day Share Price||2020/07/31 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.