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CSG B.V.
(CSG)
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Rating:46Neutral
Price Target:
€12.50
▼(-41.59% Downside)
Action:N/A
Date:06/25/26
The score is held back primarily by the sharp deterioration in 2025 cash generation (negative operating and free cash flow) alongside elevated leverage, despite strong profitability and re-accelerating revenue. Technically, the stock is in a clear downtrend (below key moving averages with negative MACD), reinforcing the cautious outlook. Valuation impact is neutral due to insufficient P/E and dividend yield data.
Positive Factors
Revenue re-acceleration
A strong 21.8% revenue re-acceleration in 2025 signals improving end-market demand and successful commercial execution. Sustained top-line momentum supports scale economics, funds investment in capabilities, and underpins medium-term recovery of cash generation and margins.
Negative Factors
2025 cash-flow deterioration
The sharp swing to negative operating and free cash flow in 2025 materially weakens liquidity and cash-quality. If sustained, it will constrain capital allocation, elevate refinancing needs, and force reliance on external funding or asset sales, increasing execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue re-acceleration
A strong 21.8% revenue re-acceleration in 2025 signals improving end-market demand and successful commercial execution. Sustained top-line momentum supports scale economics, funds investment in capabilities, and underpins medium-term recovery of cash generation and margins.
Read all positive factors
CSG B.V. (CSG) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€14.44B
Dividend YieldN/A
Average Volume (3M)N/A
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue GrowthN/A
EPS GrowthN/A
CountryNL
Employees10,404
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,000,000,000
10 Day Avg. VolumeN/A
30 Day Avg. VolumeN/A
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€31.17Price Target Upside45.64% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1.08
Revenue Forecast (FY)€7.52B
CSG B.V. Business Overview & Revenue Model
Company Description
Established in 1995 and headquartered in Prague, Czech Republic, CSG N.V. is a defense manufacturer and distributor operating globally, with significant presence across Europe, the United States, and the Asia-Pacific region. The company organizes ...
CSG B.V. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
52
Neutral
Cash Flow
33
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.74B | 5.18B | 1.73B | 24.93B | 14.44B |
| Gross Profit | 3.04B | 2.55B | 775.15M | 10.32B | 6.60B |
| EBITDA | 1.74B | 1.55B | 429.62M | 5.95B | 2.83B |
| Net Income | 694.06M | 549.26M | 174.06M | 2.97B | 1.23B |
Balance Sheet | |||||
| Total Assets | 9.65B | 8.03B | 3.35B | 2.54B | 1.10B |
| Cash, Cash Equivalents and Short-Term Investments | 837.23M | 1.25B | 563.87M | 241.65M | 104.01M |
| Total Debt | 4.31B | 3.02B | 1.14B | 881.24M | 366.69M |
| Total Liabilities | 7.92B | 6.54B | 2.67B | 2.04B | 730.15M |
| Stockholders Equity | 1.44B | 1.18B | 460.44M | 316.58M | 346.50M |
Cash Flow | |||||
| Free Cash Flow | -269.75M | 739.25M | 124.88M | 5.59B | 2.21B |
| Operating Cash Flow | -44.52M | 856.06M | 199.13M | 7.19B | 3.30B |
| Investing Cash Flow | -715.63M | -2.08B | -70.46M | -14.34B | -1.37B |
| Financing Cash Flow | 1.02B | 1.92B | 190.71M | 10.37B | -1.03B |
CSG B.V. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | €45.60B | 46.26 | 19.21% | 0.58% | 2.03% | 105.75% | |
76 Outperform | €602.70B | 60.94 | 52.14% | 0.73% | 9.70% | 16.89% | |
74 Outperform | €1.71B | 18.09 | 11.04% | 4.11% | 2.83% | -8.11% | |
68 Neutral | €21.15B | 137.17 | 35.84% | 1.65% | 4.42% | -15.18% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €1.04B | -94.45 | 6.84% | 1.46% | 11.26% | 11.66% | |
46 Neutral | €14.44B | ― | ― | ― | ― | ― |
* General Sector Average
NL:CSG
CSG B.V.
14.44
-18.41
-56.03%
NL:AMG
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937.20
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82.55%
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1,577.80
906.07
134.89%
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116.20%
NL:TWEKA
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42.88
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13.97%
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.