Added to YB: 2025-11-14
Pitch date: 2025-11-10
CEK.DE [bullish]
CeoTronics AG
+9.51%
current return
Author Info
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Company Info
CeoTronics AG manufactures and distributes electronic audio and video systems, and data transmission and communication solutions for difficult conditions in Germany, rest of Europe, and internationally.
Market Cap
EUR 98.6M
Pitch Price
EUR 13.15
Price Target
17.50 (+26%)
Dividend
1.62%
EV/EBITDA
11.38
P/E
20.71
EV/Sales
1.81
Sector
Communications Equipment
Category
value
IDEA 2 - CeoTronics AG
CEK.DE: German defense comms niche player, rev +88% to €55.8M, EBIT tripled to €7.8M (14% margin), backlog €60M gives 2yr visibility. Trades 12x EV/EBIT vs peer INVISIO at 40-60x P/E. Defense capex cycle, sticky customer base. Target €17.50 (+26%) on 15x EV/EBIT re-rating.
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