CECONOMY AG (DE:CEC)
XETRA:CEC
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CECONOMY AG
(XETRA:CEC)
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Rating:52Neutral
Price Target:
€4.50
▲(0.90% Upside)
Action:ReiteratedDate:02/18/26
The score is primarily driven by strong revenue momentum and robust operating/free cash flow, but is held back by very high leverage, thin operating profitability, and loss-linked valuation signals (negative P/E). Technicals are broadly neutral and do not materially improve the outlook.
Positive Factors
Solid Revenue Growth
Sustained TTM revenue growth of ~15.6% indicates expanding demand and successful market positioning. Over a 2–6 month horizon this supports scale benefits, bargaining power with suppliers, and the ability to fund investments in omnichannel capabilities even if near-term margins remain compressed.
Negative Factors
Very High Leverage
Debt-to-equity around 5.2x materially constrains financial flexibility and increases refinancing and interest-rate risk. Over months this limits the company’s ability to invest, pursue M&A, or absorb demand shocks, and makes capital structure repair a priority before growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid Revenue Growth
Sustained TTM revenue growth of ~15.6% indicates expanding demand and successful market positioning. Over a 2–6 month horizon this supports scale benefits, bargaining power with suppliers, and the ability to fund investments in omnichannel capabilities even if near-term margins remain compressed.
Read all positive factors
CECONOMY AG (CEC) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.98B
Dividend YieldN/A
Average Volume (3M)484.24K
Price to Earnings (P/E)3.0
Beta (1Y)0.74
Revenue Growth2.81%
EPS Growth-146.04%
CountryDE
Employees40,990
SectorConsumer Defensive
Sector Strength42
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.36
Shares Outstanding485,221,070
10 Day Avg. Volume558,223
30 Day Avg. Volume484,242
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)4.38
Price to Sales (P/S)0.09
P/FCF Ratio3.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€4.60Price Target Upside3.14% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.58
Revenue Forecast (FY)€23.75B
CECONOMY AG Business Overview & Revenue Model
Company Description
Ceconomy AG engages in the consumer electronics retail business. The company operates approximately 850 stores in 14 countries under the MediaMarkt brand; and approximately 170 stores in 3 countries under the Saturn brand. It also operates Flip4Ne...
How the Company Makes Money
CECONOMY AG primarily generates revenue through the sale of consumer electronics and appliances across its retail network. The company's revenue model is based on product sales, which includes both in-store and online transactions. Key revenue str...
CECONOMY AG Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
28
Negative
Cash Flow
72
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.11B | 23.07B | 22.44B | 22.24B | 21.77B | 21.36B |
| Gross Profit | 3.35B | 3.48B | 3.96B | 3.94B | 1.71B | 1.67B |
| EBITDA | 824.00M | 857.00M | 997.00M | 958.00M | 839.00M | 958.00M |
| Net Income | -2.00M | -35.00M | 76.00M | -39.00M | 126.00M | 232.00M |
Balance Sheet | ||||||
| Total Assets | 12.90B | 10.79B | 10.13B | 9.63B | 10.00B | 10.67B |
| Cash, Cash Equivalents and Short-Term Investments | 2.58B | 1.21B | 1.15B | 897.00M | 910.00M | 1.86B |
| Total Debt | 2.57B | 2.54B | 2.63B | 2.58B | 2.77B | 2.87B |
| Total Liabilities | 12.23B | 10.30B | 9.62B | 9.17B | 9.41B | 9.91B |
| Stockholders Equity | 671.00M | 486.00M | 516.00M | 463.00M | 590.00M | 713.00M |
Cash Flow | ||||||
| Free Cash Flow | 687.00M | 689.00M | 645.00M | 828.00M | 13.00M | 309.00M |
| Operating Cash Flow | 863.00M | 879.00M | 838.00M | 1.00B | 219.00M | 450.00M |
| Investing Cash Flow | -177.00M | -202.00M | -162.00M | -236.00M | -65.00M | -263.00M |
| Financing Cash Flow | -525.00M | -469.00M | -585.00M | -649.00M | -905.00M | -77.00M |
CECONOMY AG Technical Analysis
Negative
4.46
Price Trends
4.37
Negative
4.40
Negative
4.34
Negative
Market Momentum
-0.06
Positive
30.29
Neutral
24.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CEC, the sentiment is Negative. The current price of 4.46 is above the 20-day moving average (MA) of 4.32, above the 50-day MA of 4.37, and above the 200-day MA of 4.34, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 30.29 is Neutral, neither overbought nor oversold. The STOCH value of 24.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:CEC.
CECONOMY AG Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | €5.78B | 30.68 | 7.72% | ― | 12.06% | 18.20% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | €275.17M | 7.43 | 42.70% | ― | -0.32% | ― | |
58 Neutral | €132.50M | -226.90 | -0.48% | ― | 21.61% | 92.36% | |
52 Neutral | €1.98B | 2.96 | -0.35% | ― | 2.81% | -146.04% |
* Consumer Defensive Sector Average
DE:CEC
CECONOMY AG
4.09
0.97
31.30%
DE:HBM
HORNBACH Baumarkt
65.50
0.90
1.39%
DE:ZAL
Zalando
22.28
-9.55
-30.00%
DE:ZO1
zooplus
224.00
-26.00
-10.40%
DE:WEW
Westwing Group AG
14.40
6.92
92.51%
DE:BIKE
Bike24 Holding AG
3.00
1.34
80.72%
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.