New Risk • Jun 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (€68.8m market cap, or US$80.1m). Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €8.98, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Software industry in Germany. Total loss to shareholders of 28% over the past three years. Announcement • May 05
CENIT Aktiengesellschaft, Annual General Meeting, Jun 10, 2026 CENIT Aktiengesellschaft, Annual General Meeting, Jun 10, 2026, at 10:00 W. Europe Standard Time. Price Target Changed • Aug 18
Price target decreased by 13% to €14.30 Down from €16.43, the current price target is an average from 4 analysts. New target price is 93% above last closing price of €7.40. Stock is down 38% over the past year. The company is forecast to post a net loss per share of €0.26 next year compared to a net loss per share of €0.0085 last year. Announcement • Apr 25
CENIT Aktiengesellschaft, Annual General Meeting, Jun 04, 2025 CENIT Aktiengesellschaft, Annual General Meeting, Jun 04, 2025, at 10:00 W. Europe Standard Time. Announcement • Apr 11
Cenit Aktiengesellschaft Proposes No Dividend for the Year 2024 CENIT Aktiengesellschaft proposed to distribute no dividend from CENIT AG’s unappropriated profit due to the current economic situation. Announcement • Apr 10
Cenit Aktiengesellschaft Provides Earnings Guidance for the Year 2025 CENIT Aktiengesellschaft provided earnings guidance for the year 2025. For the year, the company expects Excluding possible acquisition effects, sales are expected to be between 229.0 – 234.0 million EUR with EBIT of 6.8 – 7.3 million EUR. Price Target Changed • Nov 07
Price target decreased by 13% to €19.24 Down from €22.01, the current price target is an average from 5 analysts. New target price is 117% above last closing price of €8.85. Stock is down 26% over the past year. The company is forecast to post earnings per share of €0.36 for next year compared to €0.53 last year. New Risk • Nov 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€75.7m market cap, or US$82.7m). Reported Earnings • Nov 05
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: €0.098 (down from €0.10 in 3Q 2023). Revenue: €52.6m (up 15% from 3Q 2023). Net income: €820.0k (down 3.2% from 3Q 2023). Profit margin: 1.6% (down from 1.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 57%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: €0.01 (down from €0.20 in 2Q 2023). Revenue: €49.1m (up 12% from 2Q 2023). Net income: €82.0k (down 95% from 2Q 2023). Profit margin: 0.2% (down from 3.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 96%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (2.4% net profit margin). Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €13.10, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Software industry in Germany. Total loss to shareholders of 3.6% over the past three years. Price Target Changed • Jul 09
Price target increased by 7.3% to €20.89 Up from €19.48, the current price target is an average from 5 analysts. New target price is 87% above last closing price of €11.20. Stock is down 11% over the past year. The company is forecast to post earnings per share of €0.74 for next year compared to €0.53 last year. Upcoming Dividend • May 31
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 7.3% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.2%). Price Target Changed • Apr 10
Price target increased by 7.1% to €20.85 Up from €19.48, the current price target is an average from 4 analysts. New target price is 63% above last closing price of €12.80. Stock is down 0.8% over the past year. The company is forecast to post earnings per share of €0.78 for next year compared to €0.53 last year. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: €0.53 (vs €0.75 in FY 2022) Full year 2023 results: EPS: €0.53 (down from €0.75 in FY 2022). Revenue: €184.7m (up 14% from FY 2022). Net income: €4.43m (down 30% from FY 2022). Profit margin: 2.4% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 05
Price target increased by 7.2% to €20.60 Up from €19.23, the current price target is an average from 4 analysts. New target price is 60% above last closing price of €12.90. Stock is up 1.6% over the past year. The company is forecast to post earnings per share of €0.64 for next year compared to €0.75 last year. New Risk • Mar 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Jan 12
CENIT Aktiengesellschaft (XTRA:CSH) acquired Cce B:digital Gmbh & Co. Kg. CENIT Aktiengesellschaft (XTRA:CSH) acquired Cce B:digital Gmbh & Co. Kg on January 1, 2024.
CENIT Aktiengesellschaft (XTRA:CSH) completed the acquisition of Cce B:digital Gmbh & Co. Kg on January 1, 2024. Announcement • Nov 03
CENIT AG Announces Chief Financial Officer Changes CENIT AG announced a change at the top management level: As of January 1, 2024, Mr. Axel Otto (MBA) will act as the new Chief Financial Officer (CFO). In his new role, Mr. Otto will assume responsibility for finance/controlling, IT and HR. The outgoing CENIT Group CFO, Axelle Mazé, is resigning from her Management Board position for private reasons. As a financial expert, Axel Otto can look back on a wide range of demanding strategic and operative functions in business management: Prior to his appointment as CENIT CFO, Mr. Otto acted as CFO for the internationally active, Bretten-based Seeburger AG from 2018 to 2023. In addition to his financial expertise, Axel Otto will thus be able to contribute a deep familiarity with IT and software markets. From 2011 to 2018, Mr. Otto headed the finance division at Härter Stanztechnik. His activities also focused on financial affairs in his earlier positions, e.g. as tax consultant and manager at consulting and financial services companies as well as several years in the auditing department at Deloitte Deutschland (2002005). Axelle Mazé is resigning her position as CENIT CFO for private reasons and will leave the Management Board by mutual consent on December 31, 2023. She will continue to pursue her duties for CENIT Group as Finance Director of CENIT's subsidiary KEONYS and also contribute her expertise in the sustainability field as CENIT Group Vice President for Sustainability. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: €0.10 (vs €0.10 in 3Q 2022) Third quarter 2023 results: EPS: €0.10 (in line with 3Q 2022). Revenue: €46.3m (up 10% from 3Q 2022). Net income: €847.0k (flat on 3Q 2022). Profit margin: 1.8% (down from 2.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Aug 04
CENIT Aktiengesellschaft (XTRA:CSH) acquired 60% stake in active business consult Informationstechnologie Gmbh. CENIT Aktiengesellschaft (XTRA:CSH) acquired 60% stake in active business consult Informationstechnologie Gmbh on July 31, 2023.Following the merger, ACTIVE BUSINESS CONSULT will continue to trade as an independent company under the direction of the current and future Managing Director, Christoph Domanig. The integration finds expression in the name affix “a CENIT Company”, which also serves to indicate the increased performance capabilities that arise from the merger with respect to financial strength, market presence and long-term business sustainability. CENIT Aktiengesellschaft (XTRA:CSH) completed the acquisition of 60% stake in active business consult Informationstechnologie Gmbh on July 31, 2023. Announcement • Aug 02
CENITIT AG Provides Consolidated Earnings Guidance for the Fiscal Year 2023 CENITIT AG provided consolidated earnings guidance for the fiscal year 2023, for the year, the company expects consolidated sales of around EUR 180.0 million and consolidated EBIT of around EUR 9.5 million. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: €0.21 (vs €0.12 in 2Q 2022) Second quarter 2023 results: EPS: €0.21 (up from €0.12 in 2Q 2022). Revenue: €45.2m (up 17% from 2Q 2022). Net income: €1.70m (up 72% from 2Q 2022). Profit margin: 3.8% (up from 2.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 08
CENIT Aktiengesellschaft (XTRA:CSH) signed an agreement to acquire Pi Informatik Projektierung Von Informationssystemen & Informatikservice Gmbh. CENIT Aktiengesellschaft (XTRA:CSH) signed an agreement to acquire Pi Informatik Projektierung Von Informationssystemen & Informatikservice Gmbh on July 6, 2023. Upcoming Dividend • May 12
Upcoming dividend of €0.50 per share at 3.6% yield Eligible shareholders must have bought the stock before 19 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 67% and the cash payout ratio is 85%. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Announcement • May 11
CENIT Aktiengesellschaft Provides Earnings Guidance for the Year 2023 CENIT Aktiengesellschaft expected consolidated sales of around EUR 175.0 million - EUR 180.0 million and consolidated earnings (EBIT) of around EUR 9.0 million - EUR 9.5 million. Price Target Changed • Feb 16
Price target increased by 9.0% to €18.10 Up from €16.60, the current price target is an average from 2 analysts. New target price is 41% above last closing price of €12.85. Stock is down 4.5% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.51 last year. Reported Earnings • Nov 08
Third quarter 2022 earnings released: EPS: €0.10 (vs €0.15 in 3Q 2021) Third quarter 2022 results: EPS: €0.10 (down from €0.15 in 3Q 2021). Revenue: €42.0m (up 19% from 3Q 2021). Net income: €842.0k (down 31% from 3Q 2021). Profit margin: 2.0% (down from 3.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €11.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Software industry in Germany. Total loss to shareholders of 4.1% over the past three years. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: €0.12 (vs €0.11 in 2Q 2021) Second quarter 2022 results: EPS: €0.12 (up from €0.11 in 2Q 2021). Revenue: €39.0m (up 3.5% from 2Q 2021). Net income: €986.0k (up 7.9% from 2Q 2021). Profit margin: 2.5% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 21%, compared to a 7.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • May 16
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.0%). Reported Earnings • May 12
First quarter 2022 earnings: Revenues miss analyst expectations First quarter 2022 results: Revenue: €35.6m (down 1.7% from 1Q 2021). Net loss: €598.0k (loss widened 16% from 1Q 2021). Revenue missed analyst estimates by 4.9%. Over the next year, revenue is forecast to grow 18%, compared to a 13% growth forecast for the industry in Germany. Reported Earnings • Apr 01
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €0.51 (up from €0.28 in FY 2020). Revenue: €148.4m (flat on FY 2020). Net income: €4.25m (up 83% from FY 2020). Profit margin: 2.9% (up from 1.6% in FY 2020). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates by 16%. Over the next year, revenue is forecast to grow 9.3%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 01
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: €0.51 (up from €0.28 in FY 2020). Revenue: €148.4m (flat on FY 2020). Net income: €4.25m (up 83% from FY 2020). Profit margin: 2.9% (up from 1.6% in FY 2020). Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates by 16%. Over the next year, revenue is forecast to grow 9.3%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €10.25, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the Software industry in Germany. Total loss to shareholders of 22% over the past three years. Price Target Changed • Feb 01
Price target increased to €17.77 Up from €16.45, the current price target is an average from 3 analysts. New target price is 30% above last closing price of €13.65. Stock is up 3.4% over the past year. The company is forecast to post earnings per share of €0.44 for next year compared to €0.28 last year. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS €0.15 (vs €0.08 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €35.5m (up 1.5% from 3Q 2020). Net income: €1.22m (up 90% from 3Q 2020). Profit margin: 3.4% (up from 1.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS €0.11 (vs €0.02 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €38.6m (up 8.8% from 2Q 2020). Net income: €914.0k (up €1.08m from 2Q 2020). Profit margin: 2.4% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 27
Price target increased to €16.33 Up from €14.80, the current price target is an average from 2 analysts. New target price is 9.6% above last closing price of €14.90. Stock is up 55% over the past year. Reported Earnings • May 15
First quarter 2021 earnings released: €0.06 loss per share (vs €0.06 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €36.7m (down 6.4% from 1Q 2020). Net loss: €514.0k (down 209% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 14
Upcoming dividend of €0.47 per share Eligible shareholders must have bought the stock before 21 May 2021. Payment date: 26 May 2021. Trailing yield: 3.4%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.6%). Price Target Changed • Apr 07
Price target increased to €16.47 Up from €14.47, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €13.05. Stock is up 42% over the past year. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS €0.28 (vs €0.82 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €147.2m (down 14% from FY 2019). Net income: €2.32m (down 66% from FY 2019). Profit margin: 1.6% (down from 4.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: €14.60 The company is up 13% from its price of €12.90 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.05 per share. Is New 90 Day High Low • Jan 09
New 90-day high: €13.85 The company is up 4.0% from its price of €13.30 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.89 per share. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS €0.08 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €35.3m (down 15% from 3Q 2019). Net income: €646.0k (down 62% from 3Q 2019). Profit margin: 1.8% (down from 4.0% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 16% per year. Announcement • Aug 24
CENIT Aktiengesellschaft to Refrain from Making Reliable Sales and Earnings Forecasts for the 2020 Financial Year CENIT Aktiengesellschaft announced that the global economic environment continues to be characterized by great uncertainties due to the corona virus pandemic, especially in main sectors of automotive, aerospace and mechanical engineering. It therefore remains difficult to predict the negative effects. For this reason, the company continue to refrain from making reliable sales and earnings forecasts for the 2020 financial year.