Added to YB: 2026-01-28
Pitch date: 2026-01-25
CHG.DE [neutral]
CHAPTERS Group AG
-32.84%
current return
Author Info
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Company Info
CHAPTERS Group AG, together with its subsidiaries, provides various software solutions. It also provides electronic gate and door systems, as well as barriers, fire, and smoke protection systems; conversation-oriented language courses; communication school; software solutions to sheet metal processing, property management, property developers, and project development industries, as well as engages in the field of refrigeration and air conditioning technology, and air purification.
Market Cap
EUR 965.5M
Pitch Price
EUR 40.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
115.04
P/E
-41.18
EV/Sales
8.92
Sector
Financial Services
Category
growth
Chapters Group | What we dislike about this company...
CHG.DE (bear case): German VMS serial acquirer w/ 25%+ revenue growth & ~10 acquisitions/year, but red flags emerge: aggressive bookkeeping (adding back 'one-off' costs to EBITDA), mgmt incentivized to hit €46.27 share price by year-end, hidden debt via dilution (5.7x vs 0.5x reported), paying 10-20x EBITDA for acquisitions while unadjusted EBITDA growth lags share issuance.
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