CECONOMY CEC.DE
GermanyConsumer Cyclical · Specialty RetailXetra · EUR
4.60 EUR (+7.0%)
3 analysts
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CECONOMY AG is a European consumer electronics retailer, operating under the MediaMarkt and Saturn brands, with a model of physical stores and online sales.
Listed on Xetra · Symbol CEC.DE · ETR: CEC · Currency EUR
Key points
from its scores- ✓Attractive valuation9.2
- ✕Little or no dividend1.5
- ✕Poor share-price trend2.8
- ✕Little competitive advantage3.0
AI analysis
bottom line, main risk, context and newsWait for a sustained improvement in the operating margin before considering entry; the cheap valuation is not enough with the business in losses.
CECONOMY trades at a forward P/E of 6.52 and an FCF yield of 33.85%, reflecting an extremely cheap valuation, but the business is deteriorating: negative operating margin (-0.46%), ROIC of -3.38%, and ROE of -2.35%. Revenue growth of 9.60% does not offset the lack of profitability, and net debt of 2.98x EBITDA adds pressure. It is a stock with recovery potential, but only if it manages to reverse profitability.
The main risk is CECONOMY's inability to reverse its negative operating margin and negative ROIC, which could lead to continuous value destruction and medium-term solvency problems.
Context and risks
There are no recent relevant news or material exposure to current macro factors. CECONOMY's consumer electronics retail business does not depend on commodities or shipping routes, and its net debt of 2.98x EBITDA, while not negligible, is not extreme. The rise in interest rates in Europe could affect discretionary consumption, but there is no concrete company data to quantify a material impact.
Is CECONOMY stock cheap or expensive?
at the analysis dateOn EV / EBITDA, it trades 38% below the Consumer Cyclical median.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| EV / EBITDA | 7.0 | 11.2 | −38% |
| Price / book | 3.4 | 2.9 | +20% |
| Price / sales | 0.1 | 1.3 | −93% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 9.2 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 4.60 EUR, +7.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 3.4 (sector 5.7), Growth 6.7 (sector 5.9).
Classic formulas with standard assumptions (5.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- Forward P/E
- 6.5
- EV / EBITDA
- 7.0
- Price / book
- 3.4
- Price / sales
- 0.1
- PEG
- 0.35
- Market cap
- 2.1B EUR
- Enterprise value
- 3.5B EUR
Profitability
- ROE
- −2.3%
- ROA
- 2.2%
- ROIC (approx.)
- −3.4%
- Gross margin
- 18.2%
- Operating margin
- −0.5%
- Net margin
- −0.1%
- Free cash flow
- 706.3M EUR
- FCF yield
- 33.9%
- Cash conversion
- 140%
Solvency
- Total debt
- 2.6B EUR
- Net debt
- 1.5B EUR
- Cash
- 1.1B EUR
- EBITDA
- 506.0M EUR
- Net debt / EBITDA
- 2.98
- Debt / equity
- 440.92
- Current ratio
- 0.90
- Quick ratio
- 0.41
Growth
- Revenue growth
- +9.6%
- EPS (TTM)
- 0.00 EUR
- EPS (forward)
- 0.66 EUR
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.63
- Analyst consensus
- Sell (3)
- Target price
- 4.60 EUR
- 52-week range
- 3.51 – 4.59
Recent news
All CEC.DE news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about CECONOMY
Is CECONOMY stock cheap or expensive?
On EV / EBITDA, it trades 38% below the Consumer Cyclical median. Valuation score: 9.2 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 4.60 EUR, +7.0% versus the price. This is not investment advice.
What score does CECONOMY get on MeridIAn Screener?
It scores 4.8 out of 10, rank 1,777 of 2,130 (better than 16% of the companies analysed). Its strongest category is Valuation (9.2) and its weakest, Dividend (1.5). Analysis of 08/10/2026.
How much is CECONOMY worth on the stock market?
Its market capitalisation is 2.1B EUR and its enterprise value, debt included, is 3.5B EUR.
How much debt does CECONOMY have?
Its net debt (debt minus cash) is 1.5B EUR. That is 2.98 times its EBITDA; the Consumer Cyclical median is 1.91.
Does CECONOMY pay a dividend?
It pays no dividend, or almost none.
How has CECONOMY stock performed over the last year?
It has fallen 2.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 3.51 and 4.59 EUR. Past performance does not guarantee future results.
What do analysts think of CECONOMY?
3 analysts cover it; their average recommendation is “Sell” and their average target is 4.60 EUR (+7.0% versus the price). It is an estimate, not market data.