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CANCOM SE
(XETRA:COK)
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Rating:55Neutral
Price Target:
€23.00
▼(-3.97% Downside)
Action:Reiterated
Date:08/17/26
The score reflects mixed fundamentals: a sounder balance sheet is offset by weak TTM cash generation and only modest profitability alongside slightly declining revenue. Technicals further weigh on the outlook, with the stock trading below key moving averages and bearish momentum indicators. Valuation is the main positive, supported by a moderate P/E and a relatively high dividend yield.
Positive Factors
Manageable Leverage
Low leverage gives CANCOM financial flexibility to fund operations, support customer projects and absorb cyclical IT demand without excessive reliance on debt. Its substantial equity base also strengthens resilience despite equity having declined from 2023 levels.
Negative Factors
Weak Cash Conversion
Weak conversion of accounting profit into free cash flow limits funds available for investment, acquisitions, dividends or debt reduction. The deterioration suggests working-capital pressure or higher cash outlays and raises execution risk over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Low leverage gives CANCOM financial flexibility to fund operations, support customer projects and absorb cyclical IT demand without excessive reliance on debt. Its substantial equity base also strengthens resilience despite equity having declined from 2023 levels.
Read all positive factors
CANCOM SE (COK) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€619.34M
Dividend Yield4.66%
Average Volume (3M)64.35K
Price to Earnings (P/E)17.7
Beta (1Y)1.16
Revenue Growth-1.13%
EPS Growth104.45%
CountryDE
Employees5,216
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)1.21
Shares Outstanding28,739,702
10 Day Avg. Volume57,773
30 Day Avg. Volume64,346
Financial Highlights & Ratios
PEG Ratio-4.10
Price to Book (P/B)1.53
Price to Sales (P/S)0.49
P/FCF Ratio6.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€29.67Price Target Upside23.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)1.22
Revenue Forecast (FY)€1.73B
CANCOM SE Business Overview & Revenue Model
Company Description
Operating from its Munich, Germany headquarters, Cancom SE and its affiliated companies deliver comprehensive information technology (IT) infrastructure and a broad spectrum of services to clients both in Germany and internationally. The company o...
How the Company Makes Money
CANCOM makes money primarily through a combination of (1) IT product and software resale and (2) recurring and project-based IT services. A major revenue stream comes from sourcing and selling third-party IT products—such as client devices, server...
CANCOM SE Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
71
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.69B | 1.71B | 1.74B | 1.53B | 1.31B | 1.31B |
| Gross Profit | 140.74M | 121.21M | 693.34M | 567.08M | 437.69M | 431.10M |
| EBITDA | 117.03M | 91.66M | 120.79M | 121.94M | 103.66M | 124.53M |
| Net Income | 37.20M | 28.71M | 33.45M | 36.83M | 30.80M | 44.86M |
Balance Sheet | ||||||
| Total Assets | 1.31B | 1.44B | 1.41B | 1.55B | 1.31B | 1.41B |
| Cash, Cash Equivalents and Short-Term Investments | 21.49M | 198.90M | 144.67M | 222.55M | 393.17M | 652.97M |
| Total Debt | 226.55M | 204.94M | 193.98M | 211.06M | 137.13M | 129.73M |
| Total Liabilities | 824.76M | 899.49M | 832.53M | 824.01M | 610.28M | 592.58M |
| Stockholders Equity | 485.05M | 545.32M | 574.00M | 724.08M | 694.51M | 813.72M |
Cash Flow | ||||||
| Free Cash Flow | 10.76M | 122.49M | 170.60M | 72.61M | -80.00M | 39.16M |
| Operating Cash Flow | 26.50M | 137.33M | 192.88M | 98.40M | -53.56M | 72.31M |
| Investing Cash Flow | 20.22M | 4.08M | -43.23M | -74.42M | -34.25M | 332.17M |
| Financing Cash Flow | -110.36M | -87.15M | -227.47M | -190.40M | -171.89M | -90.47M |
CANCOM SE Technical Analysis
Negative
23.95
Price Trends
23.71
Negative
24.31
Negative
24.41
Negative
Market Momentum
-0.61
Positive
35.63
Neutral
13.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:COK, the sentiment is Negative. The current price of 23.95 is above the 20-day moving average (MA) of 23.52, above the 50-day MA of 23.71, and below the 200-day MA of 24.41, indicating a bearish trend. The MACD of -0.61 indicates Positive momentum. The RSI at 35.63 is Neutral, neither overbought nor oversold. The STOCH value of 13.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:COK.
CANCOM SE Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | €184.54M | 9.19 | 14.30% | 6.37% | -9.97% | 280.10% | |
60 Neutral | €4.38B | 17.72 | 11.74% | 2.21% | 7.74% | 14.82% | |
59 Neutral | €377.98M | 20.39 | 9.65% | 1.48% | 12.73% | 51.34% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €619.34M | 17.73 | 7.07% | 4.18% | -1.13% | 104.45% | |
54 Neutral | €338.78M | -33.83 | -8.99% | 1.78% | -1.94% | -161.38% |
* General Sector Average
DE:COK
CANCOM SE
21.45
-0.57
-2.58%
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DE:AEIN
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35.16
-4.14
-10.54%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.