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Cenit AG (CSH.DE)

EUR7.02 -0.40 (-5.39%)
DE XETRA Technology Information Technology Services
Address Industriestrasse 52-54 70565
Stuttgart, DE
CEO Peter Schneck
Website cenit.com
IPO 1998-11-09
ISIN DE0005407100

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Also trades on Deutsche Börse · CSH.DE (EUR) London Stock Exchange · 0MUF.L (EUR)
Description

Cenit AG operates as a German IT consulting and software company, providing specialized solutions to the manufacturing and financial service industries. The firm's activities are structured into two core segments: Product Lifecycle Management (PLM) and Enterprise Information Management (EIM). For PLM, Cenit offers a robust portfolio of software, encompassing Dassault Systèmes' 3DEXPERIENCE platform for collaborative communication and data visualization, CATIA for advanced product design and multidisciplinary engineering, SIMULIA for virtual simulation and optimization, and ENOVIA for managing engineering processes. It also provides DELMIA for production planning and control, EXALEAD for large-scale data aggregation and analysis, and 3DCS for detailed virtual prototype analysis. Additionally, its proprietary cenitFLEX+ software simplifies system infrastructure management. Beyond these platforms, Cenit delivers digital factory solutions and a suite of SAP services, which include process management, engineering and platform integration, data exchange, master data management, and application management for PLM systems. In the EIM segment, offerings span comprehensive 360-degree customer communication, tools for efficient document and transaction processing, solutions for application modernization and migration, and capabilities for planning, predictive analytics, and reporting. Founded in 1988 and based in Stuttgart, Germany, the company was formerly known as CENIT Aktiengesellschaft Systemhaus, changing to its current name in May 2010.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR7.02 -0.40 (-5.39%)
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Volume Profile
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Liquidity & share structure
Average Volume
10.0K
Beta
0.66
Float Shares
6.02M
Free Float %
71.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.78% +2.69% +1.48% +7.19% -2.00% -6.79% -18.33% -48.81% -50.82% -62.96% -56.19%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
7.02
DCF (Unlevered) 48.65 +593.0%
DCF (Levered) 69.03 +883.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 -1
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.99
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Information Technology Services: +10.1%
    +1.1% Q1'26: +1.9% (vs Q1'25)
  • ✗
    EPS growth Information Technology Services: +16.7%
    -1,547.1% Q1'26: +153.6% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Information Technology Services: +32.8%
    +1.4% Q1'26: +25.8% (vs Q1'25)
  • ✗
    EBIT margin Information Technology Services: +9.0%
    +1.3% Q1'26: +5.7% (vs Q1'25)
  • ✗
    ROIC Information Technology Services: +9.5%
    +4.1% Q1'26: +20.2% (vs Q1'25)
  • ✓
    Share dilution Information Technology Services: +0.0%
    +0.0% Q1'26: +0.1% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    14.94× Q1'26: 2.08× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.58) × ERP
WACC = 58% × Ke + 42% × Kd (7.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 48.65 Current price: 7.02
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual 		Dec 2010
actual 		Dec 2011
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2014
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
2 Rev. Ana.
3 EPS Ana. 		Dec 2027
2 Rev. Ana.
3 EPS Ana. 		Dec 2028
2 Rev. Ana.
3 EPS Ana.
Revenue
86.49M
est: 85.78M (+0.8%)
93.84M
est: 91.05M (+3.1%)
107.84M
est: 108.28M (-0.4%)
118.85M
est: 118.17M (+0.6%)
118.92M
est: 124.87M (-4.8%)
123.39M
est: 125.41M (-1.6%)
121.48M
est: 122.85M (-1.1%)
123.77M
est: 125.77M (-1.6%)
151.70M
est: 151.01M (+0.5%)
169.99M
est: 173.61M (-2.1%)
171.71M
est: 171.67M (+0.0%)
142.13M
est: 144.65M (-1.7%)
146.07M
est: 153.53M (-4.9%)
162.15M
est: 163.04M (-0.5%)
184.72M
est: 196.61M (-6.0%)
207.33M
est: 206.36M (+0.5%)
209.51M
est: 208.25M (+0.6%)
214.76M
214.68M – 214.84M
+3.1% YoY
225.21M
225.20M – 225.21M
+4.9% YoY
235.02M
232.99M – 237.06M
+4.4% YoY
EBITDA
5.49M
est: 7.47M (-26.5%)
5.98M
est: 6.06M (-1.4%)
8.98M
est: 7.23M (+24.2%)
11.19M
est: 10.16M (+10.1%)
10.68M
est: 11.87M (-10.0%)
11.74M
est: 10.75M (+9.2%)
12.72M
est: 11.76M (+8.2%)
14.05M
est: 13.07M (+7.5%)
15.27M
est: 16.68M (-8.4%)
11.95M
est: 17.03M (-29.8%)
11.13M
est: 11.50M (-3.2%)
9.85M
est: 12.34M (-20.1%)
11.22M
est: 13.61M (-17.6%)
15.02M
est: 14.28M (+5.2%)
14.26M
est: 12.83M (+11.2%)
13.75M
est: 13.44M (+2.3%)
2.78M
est: 13.59M (-79.5%)
14.01M
14.01M – 14.02M
+3.1% YoY
14.69M
14.69M – 14.69M
+4.9% YoY
15.33M
15.20M – 15.47M
+4.4% YoY
EBIT
4.10M
est: 5.04M (-18.6%)
4.20M
est: 4.14M (+1.5%)
6.51M
est: 4.76M (+36.8%)
8.16M
est: 6.90M (+18.2%)
8.42M
est: 8.45M (-0.4%)
9.47M
est: 8.34M (+13.6%)
10.65M
est: 9.28M (+14.7%)
11.84M
est: 10.88M (+8.9%)
12.84M
est: 14.14M (-9.2%)
9.03M
est: 14.81M (-39.0%)
9.20M
est: 8.93M (+2.9%)
3.89M
est: 7.80M (-50.1%)
6.17M
est: 8.60M (-28.2%)
9.39M
est: 9.02M (+4.1%)
7.07M
est: 6.70M (+5.5%)
3.87M
est: 7.02M (-44.9%)
2.78M
est: 7.10M (-60.8%)
7.32M
7.32M – 7.32M
+3.1% YoY
7.67M
7.67M – 7.67M
+4.9% YoY
8.01M
7.94M – 8.08M
+4.4% YoY
Net Income
2.73M
est: 3.47M (-21.3%)
3.01M
est: 2.87M (+5.0%)
4.35M
est: 3.57M (+22.0%)
5.42M
est: 4.82M (+12.4%)
5.88M
est: 5.71M (+3.0%)
6.36M
est: 5.93M (+7.3%)
7.32M
est: 6.33M (+15.7%)
8.08M
est: 7.51M (+7.6%)
8.80M
est: 9.64M (-8.7%)
5.95M
est: 10.15M (-41.4%)
6.87M
est: 5.89M (+16.7%)
2.32M
est: 5.83M (-60.2%)
4.25M
est: 6.43M (-33.9%)
6.28M
est: 6.74M (-6.8%)
4.50M
est: 3.05M (+47.2%)
-71.0K
est: 2.96M (-102.4%)
-1.21M
est: -2.01M (+39.8%)
3.15M
1.96M – 4.18M
+256.7% YoY
6.49M
4.29M – 8.83M
+106.2% YoY
7.92M
5.58M – 10.38M
+22.0% YoY
SGA
40.63M
est: 57.66M (-29.5%)
40.74M
est: 57.42M (-29.0%)
45.46M
est: 65.88M (-31.0%)
4.01M
est: 66.52M (-94.0%)
3.63M
est: 65.41M (-94.5%)
3.65M
est: 14.16M (-74.2%)
3.50M
est: 13.47M (-74.0%)
5.53M
est: 14.25M (-61.2%)
4.48M
est: 74.40M (-94.0%)
4.54M
est: 77.67M (-94.2%)
3.79M
est: 73.74M (-94.9%)
2.02M
est: 59.85M (-96.6%)
1.88M
est: 66.02M (-97.1%)
2.49M
est: 69.27M (-96.4%)
4.40M
est: 4.89M (-10.0%)
7.13M
est: 80.02M (-91.1%)
7.94M
est: 5.18M (+53.3%)
5.34M
5.34M – 5.34M
+3.1% YoY
5.60M
5.60M – 5.60M
+4.9% YoY
5.85M
5.80M – 5.90M
+4.4% YoY
EPS
0.33
est: 0.33 (+1.1%)
0.36
est: 0.35 (+2.6%)
0.52
est: 0.48 (+7.3%)
0.65
est: 0.65 (-0.2%)
0.70
est: 0.69 (+1.2%)
0.76
est: 0.76 (+0.2%)
0.87
est: 0.86 (+1.6%)
0.97
est: 0.93 (+4.3%)
1.07
est: 0.85 (+26.1%)
0.71
est: 0.77 (-7.8%)
0.82
est: 0.69 (+18.3%)
0.28
est: 0.14 (+100.0%)
0.51
est: 0.44 (+15.9%)
0.75
est: 0.48 (+57.9%)
0.54
est: 0.37 (+47.9%)
-0.01
est: 0.35 (-102.4%)
-0.14
est: -0.24 (+42.4%)
0.39
0.23 – 0.50
+261.7% YoY
0.80
0.51 – 1.06
+102.5% YoY
0.99
0.67 – 1.24
+24.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-11 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-08 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-07 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-06 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-05 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-05-04 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-30 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-29 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-28 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-27 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-24 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-23 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-22 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-21 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-20 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-17 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5
2026-04-16 C+ 2/5 5/5 1/5 1/5 1/5 1/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
12.65M
OE per share TTM
1.52
Owner's Yield
22.43%
Maintenance CapEx ratio
16.00%
Maint CapEx / Avg PPE
7.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 3 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 37.2K 0.28%
2 Dimensional - International Core Equity 2 ETF DFIC 0.00% 37.0K 0.22%
3 Dimensional - International Small Cap ETF DFIS 0.00% 6.7K 0.39%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.8K
Shares Outstanding
8.37M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Andre Vogt Senior Vice President of Enterprise Information Management — male
Axelle Maze Group Vice President for Sustainability — female
Horst Heckhorn Senior Vice President of Business Development — male
Jens Fetzer Senior Vice President of Digital Factory Solutions — —
Johannes Fues Chief Financial Officer, Chief Transformation Officer & Member of Management Board — —
Laura Schmidt Employee Representative on the Supervisory Board & Senior Vice President of SAP Solutions — —
Markus Schwarze Senior Vice President Digital Business Services — —
Martin Thiel CEO & Member of the Management Board — male
Nourra Naumann Vice President Marketing & Communications — female
Peter Schneck Chief Executive Officer & Chair of the Management Board — male
Tim Pakai Vice President of Controlling & Order Admin — —
Tobias Dittrich Senior Vice President of People & Culture — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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