COK Stock Analysis: Cancom SE | XETRA
Information Technology Services | XETRA, Germany | Market Cap: 637m EUR | 12M Return: -5.8% | DE0005419105 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.08M
EPS Trend: 12.1%
Qual. Beats: -1
Rev. Trend: 65.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Cancom SE is a German-headquartered IT services provider operating across Germany and international markets, offering a comprehensive portfolio that spans supply services (including software asset management, licensing, and IT remarketing), managed services (such as outsourced IT operations and data center services), professional consulting, and technical support. Founded in 1992 and headquartered in Munich, the company serves a diverse client base across sectors including energy and utilities, insurance, manufacturing, retail, healthcare, education, and the public sector.
Listed on XETRA under the ticker COK, Cancom operates within the Data Processing & Outsourced Services sub-industry, a segment that typically combines product/software resale with recurring managed services contracts to generate a mix of one-time and subscription-based revenue. Germany represents one of Europes largest enterprise IT spending markets, providing a sizable addressable customer base for domestic-focused providers like Cancom.
- German corporate IT spending drives managed services revenue growth
- Cloud subscription mix lifts recurring revenue and expands gross margins
- Bundeswehr and public sector contracts boost order backlog stability
- KOMSA acquisition integration delivers cross-selling synergies and cost savings
| Net Income: 37.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -7.15 > 1.0 |
| NWC/Revenue: 1.82% < 20% (prev 7.16%; Δ -5.34% < -1%) |
| CFO/TA 0.02 > 3% & CFO 26.5m > Net Income 37.2m |
| Net Debt (409.7m) to EBITDA (117.0m): 3.50 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (28.8m) vs 12m ago -8.54% < -2% |
| Gross Margin: 8.34% > 18% (prev 39.87%; Δ -31.53% > 0.5%) |
| Asset Turnover: 127.3% > 50% (prev 127.6%; Δ -0.35% > 0%) |
| Interest Coverage Ratio: 6.56 > 6 (EBIT TTM 53.2m / Interest Expense TTM 8.11m) |
| A: 0.02 (Total Current Assets 636.5m - Total Current Liabilities 605.8m) / Total Assets 1.31b |
| B: 0.01 (Retained Earnings 10.6m / Total Assets 1.31b) |
| C: 0.04 (EBIT TTM 53.2m / Avg Total Assets 1.33b) |
| D: 0.59 (Book Value of Equity 485.0m / Total Liabilities 824.8m) |
| Altman-Z'' = 1.07 = BB |
| DSRI: 1.16 (Receivables 524.7m/460.4m, Revenue 1.69b/1.71b) |
| GMI: 4.78 (GM 39.87% / 8.34%) |
| AQI: 1.15 (AQ_t 0.38 / AQ_t-1 0.33) |
| SGI: 0.99 (Revenue 1.69b / 1.71b) |
| TATA: 0.01 (NI 37.2m - CFO 26.5m) / TA 1.31b) |
| Beneish M = 0.61 (Cap -4..+1) = D |
As of September 27, 2026, the stock is trading at EUR 22.55 with a total of 145,332 shares traded. Over the past week, the price has changed by +2.50%, over one month by +5.13%, over three months by +2.04% and over the past year by -5.81%.
Current recommended Stop Loss: 20.90 (which is 7.3% or 2.5 ATR below the current price).
Cancom SE has no consensus analysts rating.
P/E Trailing = 18.3058
P/E Forward = 25.3165
P/S = 0.3774
P/B = 1.5029
P/EG = 2.8572
Revenue TTM = 1.69b EUR
EBIT TTM = 53.2m EUR
EBITDA TTM = 117.0m EUR
Long Term Debt = 124.6m EUR (from longTermDebtTotal, last fiscal year)
Short Term Debt = 75.4m EUR (from shortTermDebt, last quarter)
Debt = 431.2m EUR (from shortLongTermDebtTotal, last quarter) + Leases 204.7m
Net Debt = 409.7m EUR (calculated: Debt 431.2m - CCE 21.5m)
Enterprise Value = 1.05b EUR (636.6m + Debt 431.2m - CCE 21.5m)
Interest Coverage Ratio = 6.56 (Ebit TTM 53.2m / Interest Expense TTM 8.11m)
EV/FCF = 97.28x (Enterprise Value 1.05b / FCF TTM 10.8m)
FCF Yield = 1.03% (FCF TTM 10.8m / Enterprise Value 1.05b)
FCF Margin = 0.64% (FCF TTM 10.8m / Revenue TTM 1.69b)
Net Margin = 2.21% (Net Income TTM 37.2m / Revenue TTM 1.69b)
Gross Margin = 8.34% ((Revenue TTM 1.69b - Cost of Revenue TTM 1.55b) / Revenue TTM)
Gross Margin QoQ = 8.37% (prev 8.64%)
Tobins Q-Ratio = 0.80 (Enterprise Value 1.05b / Total Assets 1.31b)
Interest Expense / Debt = 1.88% (Interest Expense 8.11m / Debt 431.2m)
Taxrate = 26.94% (13.7m / 50.7m)
NOPAT = 38.8m (EBIT 53.2m * (1 - 26.94%))
Current Ratio = 1.05 (Total Current Assets 636.5m / Total Current Liabilities 605.8m)
Debt / Equity = 0.89 (Debt 431.2m / totalStockholderEquity, last quarter 485.0m)
Debt / EBITDA = 3.50 (Net Debt 409.7m / EBITDA 117.0m)
Debt / FCF = 38.09 (Net Debt 409.7m / FCF TTM 10.8m)
Total Stockholder Equity = 526.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.81% (Net Income 37.2m / Total Assets 1.31b)
RoE = 7.07% (Net Income TTM 37.2m / Total Stockholder Equity 526.3m)
RoCE = 8.17% (EBIT 53.2m / Capital Employed (Equity 526.3m + L.T.Debt 124.6m))
RoIC = 5.12% (NOPAT 38.8m / Invested Capital 758.0m)
WACC = 4.65% (E(636.6m)/V(1.07b) * Re(6.87%) + D(431.2m)/V(1.07b) * Rd(1.88%) * (1-Tc(0.27)))
Discount Rate = 6.87% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -92.10 | Cagr: -8.94%
[DCF] Terminal Value 73.10% ; FCFF base≈49.2m ; Y1≈43.2m ; Y5≈34.9m
[DCF] Fair Price = 5.21 (EV 559.6m - Net Debt 409.7m = Equity 149.9m / Shares 28.7m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 12.11 | EPS CAGR: 2.84% | SUE: -1.18 | # QB: -1
Revenue Correlation: 65.47 | Revenue CAGR: 4.24% | SUE: -0.28 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=1.21 | Chg30d=-9.12% | Revisions=-57% | GrowthEPS=+27.9% | GrowthRev=+0.6%
EPS next Year (2027-12-31): EPS=1.41 | Chg30d=-6.84% | Revisions=-57% | GrowthEPS=+16.2% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: -73% (up=0, down=8)