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CEWE Stiftung & Co. KGaA

CEWE Stiftung & Co. KGaA

111.60
EUR
-0.40
(-0.36%)
8.35EPS
10.96P/E
620.69MMarket Cap
Nov 12Next Earn
CEWE Stiftung & Co. KGaA
HAM:CWC
(Hamburg Stock Exchange)

Recent

price

111.60

P/E

ratio

10.96

div

yld

2.68%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
EUR
65.83
75.28
72.75
85.27
78.31
80.44
85.9
87.14
94.1
103.02
104.03
99.62
107.47
113.94
123.74
131.29
- -
Revenue per Share
2.02
2.84
2.55
3.39
3.08
3.15
4.25
4.59
5.06
4.4
7.2
6.77
7.2
8.1
8.64
8.46
8.41
Basic EPS, GAAP
3.92
4.76
2.38
1.98
5.13
3
6.16
0.2
4.7
9.31
14.39
3.76
5.36
11.01
10.88
6.32
- -
Free Cash Flow per Basic Share
1.05
1.3
1.24
1.45
1.53
1.55
1.6
1.8
1.85
1.95
2.01
2.3
2.34
2.45
2.6
2.85
2.99
Dividend per Share
17.54
18.42
17.91
21.69
24.39
26.18
28.48
31.43
35.39
37.39
41.75
46.7
51.25
55.66
61.32
66.66
63.51
Book Value per Share
13.85
15.03
11.1
14.8
18.12
18.32
22.17
25.85
23.11
21.21
26.59
32.27
36.23
40.92
46.88
51.84
52.17
Tangible Book Value per Share
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
7
Basic Weighted Avg Shares
447
492
537
561
545
574
614
623
674
743
750
720
762
806
860
900
- -
Sales/Revenue/Turnover
0.39
7.09
5.83
5.81
6.61
6.91
8.17
8.7
8.87
8.27
11.58
10.51
10.57
10.9
10.48
10.31
- -
Operating Margin (%)
38
33
37
38
33
39
43
40
40
57
55
52
53
54
56
53
- -
Depreciation Expense
14
19
19
22
21
22
30
33
36
32
52
49
51
57
60
58
57
Net Income, GAAP
47.99
36.28
29.87
17.71
32.04
37.49
34.27
32.84
30.8
40.47
31.99
32.76
31.75
32.19
30.84
34.04
- -
Effective Tax Rate (%)
3.07
3.78
3.51
3.97
3.93
3.92
4.95
5.27
5.38
4.27
6.92
6.79
6.7
7.11
6.98
6.45
- -
Profit Margin (%)
39
37
15
10
34
32
44
33
1
-12
23
59
60
83
98
112
153
Working Capital
24
17
23
4
3
2
- -
- -
- -
52
49
44
41
37
33
32
29
LT Debt
121
120
132
143
174
187
203
225
254
270
301
336
363
389
424
453
428
Total Equity
0.64
12.77
12.85
14.01
12
11.25
14.08
13.76
13.76
10.78
14.57
12.02
12.43
12.72
12.45
11.55
- -
Return on Invested Capital (%)
11.27
13.18
13.35
14.29
12.76
12.53
15.85
15.51
15.32
11.47
15.62
13.3
12.79
13.57
13.33
12.08
- -
Return on Capital (%)
11.81
15.43
14.93
16.21
13.54
12.45
15.54
15.32
15.15
12.1
18.2
15.36
14.62
15.24
14.78
13.23
13.77
Return on Common Equity (%)

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9
9
9
LT Borrowings
- -
- -
- -
LT Finance Leases
32
30
29
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
692
626
621

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
333
220
263
Cash, Cash Equivalents & STI
149
90
26
Accounts Receivable, Net
90
34
34
Inventories
68
69
68
Total Current Liabilities
221
120
110
Payables & Accruals
- -
- -
- -
ST Debt
9
9
9
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.28%
8.54%
6.93%
Free Cash Flow
247.28%
5.1%
-42.7%
Net Income, GAAP
11.72%
2.44%
-3.43%
Sales/Revenue/Turnover
4.68%
3.79%
4.64%
Total Cash Common Dividend
5.95%
6.33%
8.13%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
173
156
170
- -
860
2025
182
143
- -
- -
900
2026
186
151
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.81
-0.24
-0.04
7.79
8.64
2025
0.89
-0.41
-0.07
8.28
8.46
2026
0.83
-0.63
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.6
2025
- -
2.85
- -
- -
2.85
2026
- -
3.01
- -
- -
- -
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Business
CEWE Stiftung & Co. KGaA operates as a leading provider of photo finishing, commercial online printing, and retail photo services across Europe. The company's core products include high-quality photo books such as the CEWE PHOTOBOOK; wall art; calendars; traditional photo prints; personalized photo gifts; and photographic hardware. CEWE markets its photo products under multiple brands, including CEWE, WhiteWall, Cheerz, and DeinDesign, offering services through its proprietary retail units and online portals such as www.cewe-print.de. The company operates 14 high-tech production sites mainly in Germany, Poland, and France, supported by 27 sales offices across Europe, with retail presence in countries including Germany, Norway, Sweden, and Belgium. Founded in 1961 and headquartered in Oldenburg, Germany, CEWE serves both consumer and commercial markets with a focus on innovative photo printing technologies and multi-channel retail concepts. In recent developments through 2024 and 2025, CEWE achieved record financial results, with group turnover reaching €832.8 million in 2024, a 6.7% increase over the previous year, and EBIT rising to €86.1 million, at the upper end of its guidance. The company reported growth in its photofinishing segment driven by higher volumes and premium product offerings, with CEWE PHOTOBOOK sales volumes increasing by over 7%. CEWE also slightly reduced its hardware retail sales while improving profitability in that segment. Strategic initiatives include share buybacks and continued investments in digital and automated printing workflows to sustain market leadership. The company confirms its 2025 targets of further revenue and earnings growth, aiming for turnover between €835 million and €865 million and EBIT between €84 million and €92 million, reflecting confidence in its operational execution and market positioning. CEWE’s business is organized into three main segments: Photofinishing, offering photo product manufacturing and sales; Proprietary Retail, trading photo hardware and consumables through brands such as Fotojoker, Fotolab, and Japan Photo; and Commercial Online Printing, serving business customers via online portals and platforms. The company leverages a broad geographic footprint across Europe and serves both direct consumers and business clients with innovative and customizable photo and printing solutions. CEWE’s continuous technological advancements and multi-brand portfolio position it as a technology and market leader in the European photo finishing and online print industry.