Cenit AG (CSH) AI Stock Analysis

8 Followers

Cenit AG

(XETRA:CSH)

Select Model

Rating:68Neutral

Price Target:EUR 8.50▲(17.40% Upside)

Action:reiterated

Date:10/02/26

The overall score is driven primarily by an improving financial profile, with Cenit AG returning to profitability, generating robust operating and free cash flow, and maintaining a sound though moderately leveraged balance sheet. Technicals contribute a moderate score as the share price is in a strong uptrend but appears overbought, raising the risk of a short‑term correction. Valuation on a mid‑teens P/E looks broadly reasonable, supporting the investment case without offering a clear deep‑value opportunity.

Positive Factors

Profitability RecoveryThe return to positive net income and stronger EBIT shows that operating performance has recovered from the 2024–2025 losses. If maintained, this provides a more durable earnings base, supports internal funding, and improves resilience across the next several quarters.

Negative Factors

Muted Revenue GrowthLimited top-line growth constrains the company’s ability to expand earnings through greater scale and makes future improvement more dependent on efficiency or pricing. Without stronger demand or market share gains, the recent profitability recovery may have a narrower ceiling.

Cenit AG (CSH) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 73.10M
Dividend Yield: ―
Average Volume (3M): 8,744
Price to Earnings (P/E): 11.7
Beta (1Y): 0.83
Revenue Growth: -0.58%
EPS Growth: ―
Country: Germany
Employees: 916
Sector: General
Sector Strength: 55
Industry: Software - Application

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) a...

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 ente...

Cenit AG Financial Statement Overview

Summary

Revenue has grown from about €146m in 2021 to roughly €210m in the 2026 TTM, and the company has moved from losses in 2024–2025 to positive net income with improved operating and EBITDA margins, while cash generation is strong with solid operating and free cash flow and a reasonable equity base; however, margins remain thin and somewhat volatile and leverage is moderate, so the financial profile is healthy and improving but not top tier.

Income Statement

71Positive

Balance Sheet

65Positive

Cash Flow

78Positive

Financial statement breakdown
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

Technical Analysis SentimentNegative

Last Price7.24

Price Trends

50DMA8.41Negative

100DMA7.85Negative

200DMA7.45Negative

Market Momentum

MACD-0.31Positive

RSI26.22Positive

STOCH8.61Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CSH, the sentiment is Negative. The current price of 7.24 is below the 20-day moving average (MA) of 8.36, below the 50-day MA of 8.41, and below the 200-day MA of 7.45, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 26.22 is Positive, neither overbought nor oversold. The STOCH value of 8.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:CSH.

Cenit AG Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

DE:CSH against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DE:FAA	82Outperform	EUR 184.25M	14.22	30.98%	3.03%	7.53%	36.30%
DE:CSH	68Neutral	EUR 74.51M	11.67	12.95%	―	-0.58%	―
DE:MUM	64Neutral	EUR 561.35M	17.35	40.67%	12.20%	7.71%	5.31%
DE:SJJ	63Neutral	EUR 149.10M	49.13	6.43%	―	12.98%	375.18%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
DE:C1V0	48Neutral	EUR 13.41M	―	0.00%	―	―	―
DE:PSAN	39Underperform	EUR 735.97M	-25.22	-43.45%	―	2.01%	-20.18%

* General Sector Average

Performance Comparison

DE:CSH and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:CSH	Cenit AG	7.24	0.22	3.13%
DE:PSAN	PSI AG fuer Produkte und Systeme der Informationstechnologie	44.90	-0.10	-0.22%
DE:C1V0	mVISE AG	6.20	0.75	13.76%
DE:SJJ	Serviceware SE	14.15	-2.00	-12.38%
DE:MUM	Mensch und Maschine Software SE	32.80	-5.46	-14.27%
DE:FAA	Fabasoft AG	16.50	1.42	9.42%

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.

Date of analysis: Oct 02, 2026

Cenit AG AI Stock Analysis