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CANCOM SE
(XETRA:COK)
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Rating:65Neutral
Price Target:
€31.00
▲(16.54% Upside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by pressured fundamentals (sharp TTM revenue decline, thin margins, and a meaningful step-down in free cash flow), partially offset by a solid balance sheet. Technicals are neutral-to-mildly positive, while valuation is mixed—supported by the ~3.9% yield but tempered by a ~23x P/E amid weakening operating trends.
Positive Factors
Conservative balance sheet
Low debt levels and a conservative leverage profile give CANCOM durable financial flexibility. This supports capacity to fund strategic investments, absorb cyclical IT services demand swings, and maintain operations without needing urgent external financing over the next several quarters.
Negative Factors
Sharp revenue decline
A >20% TTM revenue drop signals weakening demand or lost projects/contracts that can erode scale advantages. Sustained top-line declines pressure long-term customer relationships, reduce cross-sell opportunities, and can make it harder to leverage fixed-cost infrastructure over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low debt levels and a conservative leverage profile give CANCOM durable financial flexibility. This supports capacity to fund strategic investments, absorb cyclical IT services demand swings, and maintain operations without needing urgent external financing over the next several quarters.
Read all positive factors
CANCOM SE (COK) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€699.81M
Dividend Yield3.78%
Average Volume (3M)64.35K
Price to Earnings (P/E)22.9
Beta (1Y)1.09
Revenue Growth0.21%
EPS Growth33.16%
CountryDE
Employees5,553
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)1.08
Shares Outstanding28,739,702
10 Day Avg. Volume57,773
30 Day Avg. Volume64,346
Financial Highlights & Ratios
PEG Ratio-4.12
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
€30.67Price Target Upside15.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.35
Revenue Forecast (FY)€1.80B
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 SE makes money primarily by selling IT products and by providing recurring and project-based IT services. A major revenue stream comes from the resale and integration of hardware and software (e.g., client devices, servers, networking equip...
CANCOM SE Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.71B | 1.71B | 1.74B | 1.53B | 1.31B | 1.31B |
| Gross Profit | 276.58M | 121.21M | 693.34M | 567.08M | 437.69M | 431.10M |
| EBITDA | 109.58M | 91.66M | 120.79M | 121.94M | 103.66M | 124.53M |
| Net Income | 33.30M | 28.71M | 33.45M | 36.83M | 30.80M | 44.86M |
Balance Sheet | ||||||
| Total Assets | 1.32B | 1.44B | 1.41B | 1.55B | 1.31B | 1.41B |
| Cash, Cash Equivalents and Short-Term Investments | 106.57M | 198.90M | 144.67M | 222.55M | 393.17M | 652.97M |
| Total Debt | 2.00K | 204.94M | 193.98M | 211.06M | 137.13M | 129.73M |
| Total Liabilities | 798.20M | 899.49M | 832.53M | 824.01M | 610.28M | 592.58M |
| Stockholders Equity | 525.18M | 545.32M | 574.00M | 724.08M | 694.51M | 813.72M |
Cash Flow | ||||||
| Free Cash Flow | 57.98M | 122.49M | 170.60M | 72.61M | -80.00M | 39.16M |
| Operating Cash Flow | 74.37M | 137.33M | 192.88M | 98.40M | -53.56M | 72.31M |
| Investing Cash Flow | 18.06M | 4.08M | -43.23M | -74.42M | -34.25M | 332.17M |
| Financing Cash Flow | -120.69M | -87.15M | -227.47M | -190.40M | -171.89M | -90.47M |
CANCOM SE Technical Analysis
Neutral
26.60
Price Trends
24.82
Negative
23.85
Positive
24.50
Negative
Market Momentum
-0.41
Negative
50.27
Neutral
91.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:COK, the sentiment is Neutral. The current price of 26.6 is above the 20-day moving average (MA) of 24.15, above the 50-day MA of 24.82, and above the 200-day MA of 24.50, indicating a neutral trend. The MACD of -0.41 indicates Negative momentum. The RSI at 50.27 is Neutral, neither overbought nor oversold. The STOCH value of 91.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | €181.73M | 9.27 | 14.30% | 2.51% | -11.57% | 191.97% | |
69 Neutral | €3.98B | 16.71 | 11.74% | 1.62% | 4.04% | 4.21% | |
65 Neutral | €699.81M | 22.90 | 6.15% | 3.78% | 0.21% | 33.16% | |
56 Neutral | €342.08M | 13.91 | 12.82% | 0.85% | 13.29% | 214.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €154.94M | 27.50 | 5.09% | 3.99% | -3.10% | -65.33% |
* General Sector Average
DE:COK
CANCOM SE
24.35
-1.70
-6.54%
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52.40
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DE:A1OS
All for One Group
31.10
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DE:AEIN
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15.80
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-9.87%
DE:BC8
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31.62
-5.10
-13.90%
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.