Financials cyan AG

Equities

Market Closed - Xetra Other stock markets 11:36:01 2024-05-31 am EDT			5-day change	1st Jan Change
2.46 ^EUR	-1.60%		-1.60%	+134.29%

May. 22	Cyan AG Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Jan. 09	Cyan's New CEO Takes Office	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	202.3	125.1	35.27	23.83	19.83	49.67	-	-
Enterprise Value (EV) ¹	197.3	128.8	35.27	25.13	19.83	51.17	46.57	39.97
P/E ratio	42.2 x	-13.5 x	-	-1.26 x	-0.95 x	-82 x	35.1 x	11.7 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	6.23 x	5.88 x	4.16 x	2.79 x	2.3 x	7 x	4.43 x	3.32 x
EV / Revenue	6.07 x	6.05 x	4.16 x	2.94 x	2.3 x	7.21 x	4.16 x	2.67 x
EV / EBITDA	16.9 x	30.4 x	-	-2.99 x	-1.3 x	60.2 x	14.6 x	9.08 x
EV / FCF	-32 x	-13.2 x	-	-3.28 x	-	-23.3 x	13.1 x	6.06 x
FCF Yield	-3.12%	-7.58%	-	-30.5%	-	-4.3%	7.62%	16.5%
Price to Book	2.46 x	1.72 x	-	0.36 x	-	1.58 x	1.52 x	1.34 x
Nbr of stocks (in thousands)	9,775	9,775	13,386	17,020	18,885	20,190	-	-
Reference price ²	20.70	12.80	2.635	1.400	1.050	2.460	2.460	2.460
Announcement Date	4/29/20	4/29/21	4/27/22	5/2/23	5/23/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	32.5	21.29	8.483	8.537	8.623	7.1	11.2	14.95
EBITDA ¹	11.7	4.242	-	-8.396	-15.22	0.85	3.2	4.4
EBIT ¹	5.5	-1.739	-	-14.02	-22.43	-1.45	1.4	5.3
Operating Margin	16.92%	-8.17%	-	-164.25%	-260.13%	-20.42%	12.5%	35.45%
Earnings before Tax (EBT) ¹	5.438	-10.48	-	-	-22.06	-0.7	1.8	5.7
Net income ¹	4.5	-9.268	-13.88	-16.5	-20.72	-0.6	1.4	4.3
Net margin	13.85%	-43.53%	-163.59%	-193.28%	-240.25%	-8.45%	12.5%	28.76%
EPS ²	0.4900	-0.9500	-	-1.110	-1.100	-0.0300	0.0700	0.2100
Free Cash Flow ¹	-6.16	-9.755	-	-7.654	-	-2.2	3.55	6.6
FCF margin	-18.95%	-45.81%	-	-89.66%	-	-30.99%	31.7%	44.15%
FCF Conversion (EBITDA)	-	-	-	-	-	-	110.94%	150%
FCF Conversion (Net income)	-	-	-	-	-	-	253.57%	153.49%
Dividend per Share	-	-	-	-	-	-	-	-
Announcement Date	4/29/20	4/29/21	4/27/22	5/2/23	5/23/24	-	-	-

¹EUR in Million²EUR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	3.66	-	1.3	-	1.5	-	-
Net Cash position ¹	5.06	-	-	-	-	-	3.1	9.7
Leverage (Debt/EBITDA)	-	0.8628 x	-	-0.1548 x	-	1.765 x	-	-
Free Cash Flow ¹	-6.16	-9.76	-	-7.65	-	-2.2	3.55	6.6
ROE (net income / shareholders' equity)	6.79%	-12.8%	-	-25.1%	-	-1.8%	4.2%	11.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	8.410	7.440	-	3.870	-	1.560	1.620	1.840
Cash Flow per Share ²	-0.6300	-0.8900	-	-0.4600	-	-0.1400	0.2400	0.3400
Capex ¹	0.33	1.04	-	0.85	-	0.15	0.2	0.3
Capex / Sales	1%	4.9%	-	9.94%	-	2.11%	1.79%	2.01%
Announcement Date	4/29/20	4/29/21	4/27/22	5/2/23	5/23/24	-	-	-

¹EUR in Million²EUR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.46 EUR

Average target price

4.025 EUR

Spread / Average Target

+63.62%

	1st Jan change	Capi.
CYAN AG	+134.29%	53.86M
SYNOPSYS INC.	+8.91%	85.92B
CADENCE DESIGN SYSTEMS, INC.	+5.14%	77.93B
DASSAULT SYSTÈMES SE	-16.20%	52.89B
PALANTIR TECHNOLOGIES INC.	+26.18%	48.28B
THE TRADE DESK, INC.	+28.93%	45.38B
ATLASSIAN CORPORATION	-34.05%	40.83B
SEA LIMITED	+66.72%	38.78B
TAKE-TWO INTERACTIVE SOFTWARE, INC.	-0.36%	27.48B
ROBLOX CORPORATION	-26.47%	21.52B