(COK) Cancom SE - Overview
Sector: Technology | Industry: Information Technology Services | Exchange: XETRA (Germany) | Market Cap: 785m EUR | Total Return: 1.4% in 12m
Avg Turnover: 1.82M
EPS Trend: 11.7%
Qual. Beats: 0
Rev. Trend: 78.1%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
Cancom SE is a Munich-based IT service provider operating primarily in the DACH region. The company facilitates digital transformation through a hybrid business model that combines IT infrastructure distribution with high-margin managed services and cloud solutions. Its portfolio spans the entire IT lifecycle, including software asset management, data center operations, and professional consulting for public and private sectors.
The European IT services market is currently characterized by high demand for sovereign cloud infrastructure and cybersecurity integration. Cancom utilizes an asset-light service strategy to mitigate the hardware cyclicality inherent in traditional IT procurement. Detailed historical performance metrics are available on ValueRay for those conducting further due diligence. The firm maintains a diversified client base across federal administrations, healthcare, and manufacturing, reducing dependency on any single economic vertical.
- Public sector IT spending shifts drive core revenue stability in Germany
- Managed services transition accelerates recurring revenue and improves EBITDA margins
- Rising personnel costs and skilled labor shortages pressure operational profitability
- Strategic acquisitions in DACH region expand market share and service portfolio
- Corporate IT budget constraints impact hardware sales and professional service demand
| Net Income: 33.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -4.60 > 1.0 |
| NWC/Revenue: 8.36% < 20% (prev 9.17%; Δ -0.81% < -1%) |
| CFO/TA 0.06 > 3% & CFO 74.4m > Net Income 33.3m |
| Net Debt (209.2m) to EBITDA (109.6m): 1.91 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.1m) vs 12m ago -4.61% < -2% |
| Gross Margin: 16.14% > 18% (prev 0.40%; Δ 1.57k% > 0.5%) |
| Asset Turnover: 128.8% > 50% (prev 127.8%; Δ 1.00% > 0%) |
| Interest Coverage Ratio: 5.29 > 6 (EBITDA TTM 109.6m / Interest Expense TTM 8.67m) |
| A: 0.11 (Total Current Assets 726.7m - Total Current Liabilities 583.4m) / Total Assets 1.32b |
| B: 0.03 (Retained Earnings 34.2m / Total Assets 1.32b) |
| C: 0.03 (EBIT TTM 45.9m / Avg Total Assets 1.33b) |
| D: 0.08 (Book Value of Equity 66.1m / Total Liabilities 798.2m) |
| Altman-Z'' = 1.11 = BB |
| DSRI: 1.04 (Receivables 409.4m/392.3m, Revenue 1.71b/1.71b) |
| GMI: 2.47 (GM 16.14% / 39.85%) |
| AQI: 0.96 (AQ_t 0.32 / AQ_t-1 0.34) |
| SGI: 1.00 (Revenue 1.71b / 1.71b) |
| TATA: -0.03 (NI 33.3m - CFO 74.4m) / TA 1.32b) |
| Beneish M = -1.72 (Cap -4..+1) = CCC |
As of May 25, 2026, the stock is trading at EUR 27.30 with a total of 81,660 shares traded.
Over the past week, the price has changed by +7.06%,
over one month by +11.66%,
over three months by +18.44% and
over the past year by +1.38%.
Cancom SE has no consensus analysts rating.
P/E Trailing = 49.6364
P/E Forward = 25.3165
P/S = 0.4585
P/B = 1.4502
P/EG = 2.8572
Revenue TTM = 1.71b EUR
EBIT TTM = 45.9m EUR
EBITDA TTM = 109.6m EUR
Long Term Debt = 124.6m EUR (from longTermDebtTotal, last fiscal year)
Short Term Debt = 2.00k EUR (from shortTermDebt, last quarter)
Debt = 315.8m EUR (corrected: LT Debt 124.6m + ST Debt 2.00k) + Leases 191.3m
Net Debt = 209.2m EUR (calculated: Debt 315.8m - CCE 106.6m)
Enterprise Value = 993.8m EUR (784.6m + Debt 315.8m - CCE 106.6m)
Interest Coverage Ratio = 5.29 (Ebit TTM 45.9m / Interest Expense TTM 8.67m)
EV/FCF = 17.14x (Enterprise Value 993.8m / FCF TTM 58.0m)
FCF Yield = 5.83% (FCF TTM 58.0m / Enterprise Value 993.8m)
FCF Margin = 3.38% (FCF TTM 58.0m / Revenue TTM 1.71b)
Net Margin = 1.94% (Net Income TTM 33.3m / Revenue TTM 1.71b)
Gross Margin = 16.14% ((Revenue TTM 1.71b - Cost of Revenue TTM 1.44b) / Revenue TTM)
Gross Margin QoQ = 8.64% (prev 8.56%)
Tobins Q-Ratio = 0.75 (Enterprise Value 993.8m / Total Assets 1.32b)
Interest Expense / Debt = 2.75% (Interest Expense 8.67m / Debt 315.8m)
Taxrate = 27.53% (2.93m / 10.6m)
NOPAT = 33.2m (EBIT 45.9m * (1 - 27.53%))
Current Ratio = 1.25 (Total Current Assets 726.7m / Total Current Liabilities 583.4m)
Debt / Equity = 0.60 (Debt 315.8m / totalStockholderEquity, last quarter 525.2m)
Debt / EBITDA = 1.91 (Net Debt 209.2m / EBITDA 109.6m)
Debt / FCF = 3.61 (Net Debt 209.2m / FCF TTM 58.0m)
Total Stockholder Equity = 541.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.50% (Net Income 33.3m / Total Assets 1.32b)
RoE = 6.15% (Net Income TTM 33.3m / Total Stockholder Equity 541.4m)
RoCE = 6.89% (EBIT 45.9m / Capital Employed (Equity 541.4m + L.T.Debt 124.6m))
RoIC = 5.25% (NOPAT 33.2m / Invested Capital 633.5m)
WACC = 5.75% (E(784.6m)/V(1.10b) * Re(7.26%) + D(315.8m)/V(1.10b) * Rd(2.75%) * (1-Tc(0.28)))
Discount Rate = 7.26% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -96.61 | Cagr: -8.47%
[DCF] Terminal Value 73.10% ; FCFF base≈82.9m ; Y1≈72.7m ; Y5≈58.7m
[DCF] Fair Price = 25.51 (EV 942.3m - Net Debt 209.2m = Equity 733.1m / Shares 28.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 11.69 | EPS CAGR: 2.73% | SUE: 0.37 | # QB: 0
Revenue Correlation: 78.06 | Revenue CAGR: 7.41% | SUE: -0.03 | # QB: 0
EPS current Year (2026-12-31): EPS=1.31 | Chg30d=+1.25% | Revisions=+25% | GrowthEPS=+38.0% | GrowthRev=+4.6%
EPS next Year (2027-12-31): EPS=1.54 | Chg30d=-0.27% | Revisions=+25% | GrowthEPS=+18.3% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: +25%