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Cenit AG
(XETRA:CSH)
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Rating:66Neutral
Price Target:
€9.50
▲(38.48% Upside)
Action:Reiterated
Date:10/02/26
The score is driven primarily by improving financial performance—profitability has rebounded and free cash flow is a clear strength—tempered by muted revenue growth and still-notable leverage. Technically, the uptrend is positive, but overbought signals increase near-term risk. Valuation appears reasonable on a ~14.5 P/E, with no dividend data to add support.
Positive Factors
Profitability rebound
The return to positive net income and higher EBIT margin indicates that recent operating performance has recovered from the 2024–2025 losses. If maintained, improved profitability can strengthen internal funding, support investment in software and services, and improve resilience over the next several quarters.
Negative Factors
Muted revenue growth
Flat or slightly declining revenue limits operating leverage and makes continued earnings improvement more dependent on cost control, project mix, or delivery efficiency. Without stronger top-line expansion, the company may have less room to compound profits and build scale over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound
The return to positive net income and higher EBIT margin indicates that recent operating performance has recovered from the 2024–2025 losses. If maintained, improved profitability can strengthen internal funding, support investment in software and services, and improve resilience over the next several quarters.
Read all positive factors
Cenit AG (CSH) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€90.37M
Dividend Yield0.27%
Average Volume (3M)12.72K
Price to Earnings (P/E)14.7
Beta (1Y)0.91
Revenue Growth-0.58%
EPS GrowthN/A
CountryDE
Employees916
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.62
Shares Outstanding10,041,309
10 Day Avg. Volume24,289
30 Day Avg. Volume12,716
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.55
Price to Sales (P/S)0.29
P/FCF Ratio4.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.38
Revenue Forecast (FY)€214.88M
Cenit AG Business Overview & Revenue Model
Company Description
Cenit AG operates as a German IT consulting and software company, providing specialized solutions to the manufacturing and financial service industries. The firm's activities are structured into two core segments: Product Lifecycle Management (PLM...
How the Company Makes Money
CENIT AG generates revenue primarily from a mix of services and software-related income. A key stream is professional services, where it bills customers for consulting, project delivery, customization, integration, and implementation work around e...
Cenit AG Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
58
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 210.46M | 209.51M | 207.33M | 184.72M | 162.15M | 146.07M |
| Gross Profit | 22.73M | 20.71M | 49.06M | 26.34M | 17.23M | 16.34M |
| EBITDA | 19.89M | 14.76M | 13.75M | 14.26M | 15.02M | 11.22M |
| Net Income | 5.18M | -1.21M | -71.00K | 4.50M | 6.28M | 4.25M |
Balance Sheet | ||||||
| Total Assets | 146.62M | 143.20M | 158.32M | 153.62M | 127.04M | 92.81M |
| Cash, Cash Equivalents and Short-Term Investments | 23.68M | 16.22M | 16.46M | 24.34M | 19.91M | 26.36M |
| Total Debt | 38.09M | 41.58M | 50.91M | 48.52M | 32.85M | 10.62M |
| Total Liabilities | 102.48M | 100.51M | 109.02M | 108.61M | 82.25M | 49.16M |
| Stockholders Equity | 41.32M | 39.59M | 42.17M | 42.34M | 42.83M | 42.88M |
Cash Flow | ||||||
| Free Cash Flow | 15.77M | 12.49M | 8.81M | 3.95M | 10.18M | 7.59M |
| Operating Cash Flow | 17.29M | 14.13M | 10.34M | 5.33M | 11.49M | 8.24M |
| Investing Cash Flow | -1.48M | -1.58M | -16.27M | -8.16M | -29.23M | -892.00K |
| Financing Cash Flow | -12.09M | -12.50M | -2.02M | 7.23M | 10.95M | -7.22M |
Cenit AG Technical Analysis
Positive
6.86
Price Trends
7.52
Positive
7.81
Positive
7.28
Positive
Market Momentum
0.44
Negative
76.88
Negative
88.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CSH, the sentiment is Positive. The current price of 6.86 is below the 20-day moving average (MA) of 8.27, below the 50-day MA of 7.52, and below the 200-day MA of 7.28, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 76.88 is Negative, neither overbought nor oversold. The STOCH value of 88.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:CSH.
Cenit AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €177.65M | 13.75 | 30.98% | 3.13% | 7.53% | 36.30% | |
66 Neutral | €90.37M | 14.73 | 12.95% | 0.27% | -0.58% | ― | |
66 Neutral | €584.08M | 17.69 | 42.20% | 11.48% | -8.23% | 10.46% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €135.97M | 54.92 | 5.37% | ― | 12.98% | 375.18% | |
48 Neutral | €16.18M | ― | ― | ― | ― | ― | |
43 Neutral | €734.34M | -17.44 | -62.80% | 1.25% | 3.41% | -24001.85% |
* General Sector Average
DE:CSH
Cenit AG
9.14
1.98
27.65%
DE:PSAN
PSI AG fuer Produkte und Systeme der Informationstechnologie
45.00
20.50
83.67%
DE:C1V0
mVISE AG
7.60
1.85
32.17%
DE:SJJ
Serviceware SE
13.05
-5.00
-27.70%
DE:MUM
Mensch und Maschine Software SE
34.85
-9.84
-22.02%
DE:FAA
Fabasoft AG
15.95
0.24
1.55%
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.