Cenit AG (DE:CSH)
XETRA:CSH
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Cenit AG
(XETRA:CSH)
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Rating:54Neutral
Price Target:
€6.50
▼(-11.68% Downside)
Action:ReiteratedDate:04/10/26
The score is primarily driven by mixed financial performance: strong cash generation is a key support, but it is offset by a sharp 2025 revenue decline, weaker profitability, and higher leverage. Technicals are neutral-to-soft (below key longer-term moving averages with a negative MACD), while valuation is moderate based on the provided P/E.
Positive Factors
Strong cash generation
Cenit’s consistent positive operating and free cash flow, with particularly strong free cash flow in 2025, demonstrates an ability to convert services and software operations into liquidity. That cash generation supports reinvestment, working capital and cushions against cyclical revenue dips over the medium term.
Negative Factors
Sharp 2025 revenue decline and profit swing
A large (~28%) revenue drop in 2025 and movement from multi-year profits to a clearer loss indicate structural pressure on demand, contract timing or pricing. Such a material downturn weakens operating leverage and raises the risk that prior margin levels may not be sustainably restored in the near term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Cenit’s consistent positive operating and free cash flow, with particularly strong free cash flow in 2025, demonstrates an ability to convert services and software operations into liquidity. That cash generation supports reinvestment, working capital and cushions against cyclical revenue dips over the medium term.
Read all positive factors
Cenit AG (CSH) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€56.57M
Dividend Yield0.56%
Average Volume (3M)2.90K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth3.58%
EPS Growth-253.00%
CountryDE
Employees984
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.29
Shares Outstanding8,367,758
10 Day Avg. Volume3,139
30 Day Avg. Volume2,898
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)0.46
Revenue Forecast (FY)€217.15M
Cenit AG Business Overview & Revenue Model
Company Description
CENIT Aktiengesellschaft operates as an IT consultancy and software company that serves manufacturing and financial service industries. The company operates through two segments, Product Lifecycle Management (PLM) and Enterprise Information Manage...
How the Company Makes Money
Cenit AG makes money primarily through a mix of (1) services revenue and (2) software-related revenue. Services revenue comes from consulting, project implementation, customization, systems integration, and ongoing support/managed services for cus...
Cenit AG Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
50
Neutral
Cash Flow
73
Positive
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 209.51M | 207.33M | 184.72M | 162.15M | 146.07M |
| Gross Profit | 20.71M | 49.06M | 26.34M | 17.23M | 16.34M |
| EBITDA | 2.78M | 13.75M | 14.26M | 15.02M | 11.22M |
| Net Income | -1.21M | -71.00K | 4.50M | 6.28M | 4.25M |
Balance Sheet | |||||
| Total Assets | 143.20M | 158.32M | 153.62M | 127.04M | 92.81M |
| Cash, Cash Equivalents and Short-Term Investments | 16.22M | 16.46M | 24.34M | 19.91M | 26.36M |
| Total Debt | 41.58M | 50.91M | 48.52M | 32.85M | 10.62M |
| Total Liabilities | 100.51M | 109.02M | 108.61M | 82.25M | 49.16M |
| Stockholders Equity | 39.59M | 42.17M | 42.34M | 42.83M | 42.88M |
Cash Flow | |||||
| Free Cash Flow | 12.49M | 8.81M | 3.95M | 10.18M | 7.59M |
| Operating Cash Flow | 14.13M | 10.34M | 5.33M | 11.49M | 8.24M |
| Investing Cash Flow | -1.58M | -16.27M | -8.16M | -29.23M | -892.00K |
| Financing Cash Flow | -12.50M | -2.02M | 7.23M | 10.95M | -7.22M |
Cenit AG Technical Analysis
Positive
7.36
Price Trends
6.46
Positive
6.81
Negative
7.16
Negative
Market Momentum
0.01
Negative
61.92
Neutral
86.09
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 7.36 is above the 20-day moving average (MA) of 6.28, above the 50-day MA of 6.46, and above the 200-day MA of 7.16, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 61.92 is Neutral, neither overbought nor oversold. The STOCH value of 86.09 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | €119.35M | 15.51 | 23.52% | 0.63% | 4.70% | -0.02% | |
58 Neutral | €597.54M | 23.55 | 38.38% | 4.15% | -33.50% | -6.00% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €56.57M | -50.76 | -3.26% | 0.56% | 3.58% | -253.00% | |
49 Neutral | €722.58M | -4.16 | -26.06% | ― | 9.19% | -37.73% | |
48 Neutral | €16.28M | -11.17 | ― | ― | ― | ― |
* General Sector Average
DE:CSH
Cenit AG
6.80
-1.18
-14.79%
DE:PSAN
PSI AG fuer Produkte und Systeme der Informationstechnologie
45.80
20.80
83.20%
DE:C1V0
mVISE AG
7.80
2.30
41.82%
DE:SJJ
Serviceware SE
12.40
-1.45
-10.47%
DE:MUM
Mensch und Maschine Software SE
36.25
-13.90
-27.72%
DE:FAA
Fabasoft AG
10.80
-4.71
-30.35%
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.