CSG B.V. (CSGNF) Stock Price & Analysis
CSGNF Stock Chart & Stats
- Day’s Range
- $15.43 - $15.43
- 52-Week Range
- $14.71 - $22.60
- Previous Close
- $15.43
- Volume
- 1,400
- Average Volume (3M)
- 56
- Market Cap
- $16.16B
- Enterprise Value
- $15.81B
- Total Cash (Recent Filing)
- $1.73B
- Total Debt (Recent Filing)
- $4.42B
- Price to Earnings (P/E)
- 28.4
- Beta
- -1.70
- Next Earnings
- Nov 11, 2026 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Revenue And Backlog Growth
Strong revenue growth combined with a record backlog and pipeline provides substantial forward demand visibility. The 1.5x order intake ratio and broad coverage of recent revenue support continued activity over the next several quarters, reducing reliance on near-term order wins.
Profitability
A 24.1% operating margin and double-digit net margins indicate substantial earnings power and operating discipline. Management’s reaffirmed 24–25% full-year EBIT margin target suggests profitability is expected to remain resilient as revenue expands, supporting internal investment capacity.
Capacity And Market Diversification
Expansion in the U.S., increased ammunition capacity, and lower reliance on Ukraine broaden the company’s addressable market and production base. These initiatives can strengthen geographic resilience and support structural growth if the announced facilities and integration projects execute as planned.
Bears Say
Elevated Leverage
Rising leverage reduces balance-sheet flexibility and increases sensitivity to refinancing costs and interest-rate conditions. Although management targets lower future net leverage, the latest reported debt-to-equity level leaves less financial capacity to absorb execution setbacks or fund additional expansion.
Weak Recent Cash Generation
The sharp deterioration in operating and free cash flow lowers earnings quality and creates funding pressure alongside elevated leverage. Management expects a major working-capital release in H2, making cash conversion dependent on successfully reducing the unusually large investment in working capital.
Working-capital And Execution Risk
Working capital at 40% of LTM revenue ties up substantial cash and makes the full-year cash outcome dependent on a large H2 release. The balance reflects deliberate pre-stocking, but failure to convert inventory and projects into revenue promptly could prolong liquidity pressure.
CSG B.V. News
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Company Description
CSG B.V.
Established in 1995 and headquartered in Prague, Czech Republic, CSG N.V. is a defense manufacturer and distributor operating globally, with significant presence across Europe, the United States, and the Asia-Pacific region. The company organizes its extensive operations into two primary divisions: CSG Defence Systems and CSG Ammo+. The CSG Defence Systems division is dedicated to the development, production, sales, and ongoing support and maintenance of military and defense equipment for a diverse clientele, including national governments and private entities. Its comprehensive product range features various medium and large-calibre ammunition, such as 155mm artillery rounds, tank shells, rockets, mortar bombs, and assorted medium-calibre cartridges. This segment also provides robust land systems, which comprise wheeled and tracked military vehicles, heavy-duty off-road trucks, and integrated weapon platforms. Additionally, it supplies advanced defense electronics, including specialized hardware, software, and services like military radars for ground vehicles and air defense, surveillance radar systems, and air traffic control solutions. A key focus within this division's advanced systems unit is the engineering of turbojet engines for unmanned aerial vehicles (UAVs) and missiles. In contrast, the CSG Ammo+ segment concentrates solely on small-calibre ammunition. It delivers cartridges for pistols, revolvers, rifles, and shotguns, catering to the needs of civilian users, law enforcement agencies, and military personnel worldwide. CSG N.V. functions as a subsidiary of CSG FIN a.s.
- Sector
- General
- Industry
- Aerospace & Defense
- CEO
- Michal Strnad
- Employees
- 11,550
- Website
- czechoslovakgroup.com
- Address
- U Rustonky 714/1, Prague, PR, 186 00, CZ
CSG B.V. (CSGNF) Earnings & Revenues
CSGNF Earnings Call
Earnings Call SentimentPositive
The call emphasized strong growth, record backlog, improved margins, geographic diversification and material progress on vertical integration and capacity expansion. Short-term cash flow and a deliberate net working capital build create temporary headwinds and timing risks (backloaded revenue recognition and reliance on recommissioning). Overall, strategic initiatives (U.S. expansion, Land Systems scale, ammo vertical integration) and robust H1 operating performance outweigh the near-term liquidity and timing challenges.
View all CSGNF earnings summariesCSGNF Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 0 | 14 |
| Technical Analysis | 5 | 0 | 4 |
| Moving Averages | 0 | 0 | 10 |







