Added to YB: 2026-10-09
Pitch date: 2026-10-06
CWC.DE [neutral]
CEWE Stiftung & Co. KGaA
-1.95%
current return
Author Info
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Company Info
CEWE Stiftung & Co. KGaA operates as a photo service and online printing provider in Germany and internationally.
Market Cap
EUR 774.3M
Pitch Price
EUR 113.00
Price Target
N/A
Dividend
2.65%
EV/EBITDA
5.47
P/E
13.81
EV/Sales
0.89
Sector
Commercial Services and Supplies
Category
value
CEWE KGaA - Good company but not a 'Buy' yet ?
CWC.DE (monitor): CEWE is profitable and debt-free, with a 3% dividend yield and a trailing P/E of ~13x versus a 15x average, but EPS has been roughly flat since 2023 and EBIT margins have drifted lower. The €88M Kodak Moments acquisition targets a business with an estimated ~€11M of EBIT but raises integration and post-acquisition growth questions, preventing conviction in a 3-5 year investment, particularly given existing European consumer exposure.
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