Added to YB: 2026-01-16
Pitch date: 2026-01-14
CEK.DE [neutral]
CeoTronics AG
Author Info
No bio for this author
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 109.7M
Pitch Price
EUR 14.25
Price Target
55.00 (+293%)
Dividend
1.45%
EV/EBITDA
12.64
P/E
23.06
EV/Sales
2.01
Sector
Communications Equipment
Category
value
In action for the defense - CeoTronics AG
CEK.DE (update): H1 EBIT est. €5-6M (+300% YOY), German military orders up to 50K sets/yr from 30K; €10M+ EBIT likely FY25/26. Historical high order backlog expected. Competitor IVSO at 50x EBIT vs CEK at 10x. Fair value €28-55 (20-40x multiple). 191K Bundeswehr contract by 2030, 50K systems ordered Dec 2025.
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