cyan AG (DE:CYR)
XETRA:CYR
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cyan AG
(XETRA:CYR)
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Rating:58Neutral
Price Target:
€2.00
▼(-4.76% Downside)
Action:Reiterated
Date:05/16/26
The score is driven primarily by improving financial trajectory and a solid, low-leverage balance sheet, offset by continued net losses and historically inconsistent cash generation. Technicals are moderately constructive but not fully trend-confirmed (still below the 200-day average), and valuation remains pressured due to negative earnings and no dividend support.
Positive Factors
Revenue Growth & Commercial Traction
Sustained revenue rebound through 2023–2025 signals improving product-market fit and partner uptake among telco distributors. For a subscription/licensing model, growing recurring revenue and narrowed losses imply stronger unit economics and scalable top-line trends that can sustain growth over the next 2–6 months.
Negative Factors
Persistent Net Losses
Despite improving trends, ongoing net losses and negative operating margins indicate the company has yet to demonstrate durable profitability. Continued losses constrain ability to self-finance growth, increase sensitivity to partner churn, and mean profitability must be proven across multiple quarters to be durable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Commercial Traction
Sustained revenue rebound through 2023–2025 signals improving product-market fit and partner uptake among telco distributors. For a subscription/licensing model, growing recurring revenue and narrowed losses imply stronger unit economics and scalable top-line trends that can sustain growth over the next 2–6 months.
Read all positive factors
cyan AG (CYR) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€41.19M
Dividend YieldN/A
Average Volume (3M)3.41K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth29.15%
EPS Growth83.09%
CountryDE
Employees45
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.03
Shares Outstanding20,189,486
10 Day Avg. Volume2,302
30 Day Avg. Volume3,409
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)1.65
Price to Sales (P/S)4.92
P/FCF Ratio32.14
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)-0.01
Revenue Forecast (FY)€11.50M
cyan AG Business Overview & Revenue Model
Company Description
Established in 2017 and based in Munich, Germany, cyan AG specializes in providing advanced IT security solutions and telecommunication services. The company's operations span a wide geographical area, encompassing the Americas, Europe, the Middle...
How the Company Makes Money
cyan AG primarily makes money by selling cybersecurity services and technology to business partners—most notably telecommunications operators—who bundle these security capabilities into their own consumer or small-business offerings. Revenue is ge...
cyan AG Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.16M | 7.09M | 4.72M | 3.80M | 8.48M |
| Gross Profit | 1.73M | 1.55M | -617.00K | -11.69M | -14.87M |
| EBITDA | -46.00K | -1.47M | -4.46M | -4.37M | -11.59M |
| Net Income | -678.00K | -3.74M | -20.72M | -14.71M | -13.88M |
Balance Sheet | |||||
| Total Assets | 30.68M | 32.70M | 43.72M | 84.00M | 95.75M |
| Cash, Cash Equivalents and Short-Term Investments | 1.77M | 816.00K | 2.87M | 5.35M | 8.50M |
| Total Debt | 1.15M | 2.05M | 2.17M | 6.66M | 12.70M |
| Total Liabilities | 3.27M | 4.60M | 11.73M | 18.20M | 22.97M |
| Stockholders Equity | 27.41M | 28.10M | 31.98M | 45.61M | 72.78M |
Cash Flow | |||||
| Free Cash Flow | 1.40M | -3.81M | -4.72M | -7.72M | -9.88M |
| Operating Cash Flow | 1.49M | -3.80M | -4.01M | -6.87M | -9.56M |
| Investing Cash Flow | -80.00K | 1.10M | -460.00K | -558.00K | -50.00K |
| Financing Cash Flow | -452.00K | -266.00K | 2.88M | 4.33M | 16.46M |
cyan AG Technical Analysis
Negative
2.10
Price Trends
2.06
Negative
2.09
Negative
2.21
Negative
Market Momentum
-0.03
Positive
48.65
Neutral
28.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:CYR, the sentiment is Negative. The current price of 2.1 is above the 20-day moving average (MA) of 2.07, above the 50-day MA of 2.06, and below the 200-day MA of 2.21, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 48.65 is Neutral, neither overbought nor oversold. The STOCH value of 28.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:CYR.
cyan AG Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | €150.15M | 14.57 | 23.52% | 0.63% | 3.67% | 18.47% | |
66 Neutral | €48.29M | 14.90 | 9.29% | 1.77% | 1.85% | -18.97% | |
64 Neutral | €459.52M | 9.28 | 28.91% | 1.29% | 2.04% | 14.78% | |
63 Neutral | €3.78B | 15.97 | 83.96% | ― | -25.38% | 25.36% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | €41.19M | -62.99 | -2.46% | ― | 29.15% | 83.09% |
* Technology Sector Average
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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.