(CHG) Chapters - Overview
Stock: Software, Gates, Language, Property, Rescue
| Risk 5d forecast | |
|---|---|
| Volatility | 90.2% |
| Relative Tail Risk | -34.7% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.08 |
| Alpha | -9.05 |
| Character TTM | |
|---|---|
| Beta | 0.181 |
| Beta Downside | 0.125 |
| Drawdowns 3y | |
|---|---|
| Max DD | 37.11% |
| CAGR/Max DD | 0.79 |
Description: CHG Chapters January 20, 2026
CHAPTERS Group AG (XETRA:CHG) is a diversified software and technology provider headquartered in Hamburg. Through its subsidiaries it delivers a wide array of digital solutions-including enterprise content management, CAD/ERP, school and daycare administration, fire-brigade and rescue-service management, real-estate and utility billing, and specialized licensing platforms for fishing, hunting and firearms-plus hardware such as electronic gate systems, fire- and smoke-protection barriers, and broadband infrastructure for municipalities.
Key data points (as of FY 2023) show total revenue of roughly €210 million, with a year-over-year growth rate of 6 % driven primarily by expanding contracts with German public utilities and municipal authorities. The company’s EBITDA margin sits near 12 %, reflecting the higher profitability of recurring SaaS licences versus hardware sales. A sector-wide catalyst is the German “Digital Agenda” which earmarks over €10 billion for public-sector IT modernization through 2027, directly supporting demand for CHAPTERS’ municipal-utility and emergency-services platforms.
For a deeper dive into CHAPTERS’ valuation dynamics and how its diversified revenue mix positions it relative to peers, you might explore the analyst tools on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: -28.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.43 > 1.0 |
| NWC/Revenue: 2.10% < 20% (prev 30.99%; Δ -28.89% < -1%) |
| CFO/TA 0.04 > 3% & CFO 24.5m > Net Income -28.6m |
| Net Debt (148.1m) to EBITDA (19.2m): 7.70 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (23.5m) vs 12m ago 29.25% < -2% |
| Gross Margin: 19.54% > 18% (prev 0.19%; Δ 1935 % > 0.5%) |
| Asset Turnover: 53.66% > 50% (prev 41.10%; Δ 12.56% > 0%) |
| Interest Coverage Ratio: -1.78 > 6 (EBITDA TTM 19.2m / Interest Expense TTM 13.8m) |
Altman Z'' -0.68
| A: 0.01 (Total Current Assets 99.9m - Total Current Liabilities 95.3m) / Total Assets 591.4m |
| B: -0.08 (Retained Earnings -45.9m / Total Assets 591.4m) |
| C: -0.06 (EBIT TTM -24.6m / Avg Total Assets 407.7m) |
| D: -0.07 (Book Value of Equity -21.1m / Total Liabilities 306.4m) |
| Altman-Z'' Score: -0.68 = B |
Beneish M -1.92
| DSRI: 1.12 (Receivables 20.5m/7.70m, Revenue 218.7m/92.0m) |
| GMI: 0.99 (GM 19.54% / 19.32%) |
| AQI: 1.21 (AQ_t 0.82 / AQ_t-1 0.68) |
| SGI: 2.38 (Revenue 218.7m / 92.0m) |
| TATA: -0.09 (NI -28.6m - CFO 24.5m) / TA 591.4m) |
| Beneish M-Score: -1.92 (Cap -4..+1) = B |
What is the price of CHG shares?
Over the past week, the price has changed by -19.31%, over one month by -23.56%, over three months by -13.35% and over the past year by -2.24%.
Is CHG a buy, sell or hold?
What are the forecasts/targets for the CHG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 48 | 57.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 37.4 | 22.6% |
CHG Fundamental Data Overview February 04, 2026
P/S = 6.7369
P/B = 3.1684
Revenue TTM = 218.7m EUR
EBIT TTM = -24.6m EUR
EBITDA TTM = 19.2m EUR
Long Term Debt = 76.4m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 42.3m EUR (from shortTermDebt, last quarter)
Debt = 200.3m EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 148.1m EUR (from netDebt column, last quarter)
Enterprise Value = 1.03b EUR (886.7m + Debt 200.3m - CCE 52.2m)
Interest Coverage Ratio = -1.78 (Ebit TTM -24.6m / Interest Expense TTM 13.8m)
EV/FCF = 59.28x (Enterprise Value 1.03b / FCF TTM 17.5m)
FCF Yield = 1.69% (FCF TTM 17.5m / Enterprise Value 1.03b)
FCF Margin = 7.98% (FCF TTM 17.5m / Revenue TTM 218.7m)
Net Margin = -13.09% (Net Income TTM -28.6m / Revenue TTM 218.7m)
Gross Margin = 19.54% ((Revenue TTM 218.7m - Cost of Revenue TTM 176.0m) / Revenue TTM)
Gross Margin QoQ = -11.02% (prev 9.23%)
Tobins Q-Ratio = 1.75 (Enterprise Value 1.03b / Total Assets 591.4m)
Interest Expense / Debt = 3.02% (Interest Expense 6.05m / Debt 200.3m)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = -18.5m (EBIT -24.6m * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 1.05 (Total Current Assets 99.9m / Total Current Liabilities 95.3m)
Debt / Equity = 0.89 (Debt 200.3m / totalStockholderEquity, last quarter 224.8m)
Debt / EBITDA = 7.70 (Net Debt 148.1m / EBITDA 19.2m)
Debt / FCF = 8.49 (Net Debt 148.1m / FCF TTM 17.5m)
Total Stockholder Equity = 180.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -7.02% (Net Income -28.6m / Total Assets 591.4m)
RoE = -15.86% (Net Income TTM -28.6m / Total Stockholder Equity 180.6m)
RoCE = -9.59% (EBIT -24.6m / Capital Employed (Equity 180.6m + L.T.Debt 76.4m))
RoIC = -7.69% (negative operating profit) (NOPAT -18.5m / Invested Capital 240.4m)
WACC = 5.78% (E(886.7m)/V(1.09b) * Re(6.58%) + D(200.3m)/V(1.09b) * Rd(3.02%) * (1-Tc(0.25)))
Discount Rate = 6.58% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 8.85%
[DCF Debug] Terminal Value 87.59% ; FCFF base≈13.5m ; Y1≈15.5m ; Y5≈21.6m
Fair Price DCF = 20.76 (EV 635.2m - Net Debt 148.1m = Equity 487.1m / Shares 23.5m; r=5.90% [WACC]; 5y FCF grow 17.27% → 2.90% )
EPS Correlation: -52.44 | EPS CAGR: -91.08% | SUE: -0.76 | # QB: 0
Revenue Correlation: 80.67 | Revenue CAGR: 8007 % | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=0.40 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+158.0% | Growth Revenue=+35.0%