Download PDF

1. Company Snapshot

1.a. Company Description

CEWE Stiftung & Co. KGaA operates as a photo service and online printing provider in Germany and internationally.It operates through three segments: Photofinishing, Retail, and Commercial Online Printing.The company offers photo prints, photo books, wall arts, photo calendars, greeting cards, photo cases, and other photo gifts.


It also provides online printing services under the SAXOPRINT, viaprinto, and LASERLINE brand names; and markets photo products under the CEWE, WhiteWall, Cheerz, and DeinDesign brands, as well as business stationery products and printed advertising media.In addition, the company operates retail stores and online shops that offers cameras, lenses, and photo equipment, as well as in real estate holding and equity investment businesses.It operates approximately 100 stores.


The company was founded in 1912 and is headquartered in Oldenburg, Germany.

Show Full description

1.b. Last Insights on CWC

CEWE Stiftung & Co. KGaA's recent performance was driven by the company's strong individual investor ownership, with 38% stake, indicating a high level of confidence in the company's prospects. Additionally, the company's recent update on its top owners revealed that institutions hold a significant 33% stake, further supporting its growth potential. The company's focus on individual investors and institutional investors alike suggests a strong foundation for long-term growth and stability.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

At €101, Is It Time To Put CEWE Stiftung & Co. KGaA (ETR:CWC) On Your Watch List?

Dec -04

Source:

Card image cap

CEWE Stiftung & Co KGaA (WBO:CWC) Q3 2025 Earnings Call Highlights: Strong Turnover Growth ...

Nov -26

Source:

Card image cap

Societe Generale: shares & voting rights as of 31 August 2025

Sep -09

Source:

Card image cap

Vaisala Corporation: Share Repurchase 9.9.2025

Sep -09

Source:

Card image cap

Assessing Acciona (BME:ANA)'s Valuation After Recent Subtle Moves

Sep -09

Source:

Card image cap

Deutsche Bank (XTRA:DBK): Assessing Valuation After a Period of Quiet Share Price Momentum

Sep -09

Source:

Card image cap

Is Vaisala (HLSE:VAIAS) Undervalued? A Fresh Look at Its Current Valuation

Sep -09

Source:

Card image cap

Has Evotec’s 29.5% Price Drop Created a New Opportunity for 2025?

Sep -09

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (2.63%)

6. Segments

Photofinishing

Expected Growth: 2.5%

CEWE Stiftung & Co. KGaA's photofinishing segment growth of 2.5% is driven by increasing demand for personalized photo products, expansion into new markets, and strategic partnerships. Additionally, the company's focus on digitalization, innovative products, and cost optimization efforts contribute to its growth.

Commercial Online Printing

Expected Growth: 3.5%

CEWE Stiftung & Co. KGaA's commercial online printing segment growth of 3.5% is driven by increasing demand for personalized photo products, expansion into new markets, and strategic partnerships. Additionally, investments in digitalization and automation have improved operational efficiency, enabling the company to capitalize on the growing e-commerce market and increasing online presence of businesses.

Retail

Expected Growth: 2.8%

CEWE Stiftung & Co. KGaA's Retail segment growth of 2.8% is driven by increasing demand for personalized photo products, expansion of online platforms, and strategic partnerships. Additionally, the company's focus on digitalization, innovative product offerings, and strong brand recognition contribute to its growth momentum.

Inter-business Unit Turnover

Expected Growth: 3.2%

The 3.2% growth in Inter-business Unit Turnover from CEWE Stiftung & Co. KGaA is driven by increased demand for photobook and online printing services, strategic partnerships, and expansion into new markets. Additionally, the company's focus on digitalization, process optimization, and cost savings initiatives have contributed to the growth.

7. Detailed Products

Photobooks

Personalized photo albums created from customers' digital photos

Photo Prints

High-quality prints of digital photos in various sizes and finishes

Posters

Large-format prints of digital photos or designs on various materials

Calendars

Personalized calendars featuring customers' digital photos

Greeting Cards

Customizable greeting cards for special occasions

Canvas Prints

High-quality, stretched canvas prints of digital photos

Photo Gifts

Personalized gifts such as mugs, keychains, and phone cases featuring digital photos

8. CEWE Stiftung & Co. KGaA's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for CEWE Stiftung & Co. KGaA is medium due to the presence of alternative products and services in the market, but the company's strong brand recognition and customer loyalty mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers is low due to CEWE Stiftung & Co. KGaA's strong market position and the lack of concentration among its customer base.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium due to the presence of multiple suppliers in the market, but CEWE Stiftung & Co. KGaA's large scale of operations gives it some negotiating power.

Threat Of New Entrants

The threat of new entrants is low due to the high barriers to entry in the market, including the need for significant capital investment and the presence of established brands.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established competitors in the market, leading to a highly competitive environment.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 10.70%
Debt Cost 3.95%
Equity Weight 89.30%
Equity Cost 9.11%
WACC 8.56%
Leverage 11.98%

11. Quality Control: CEWE Stiftung & Co. KGaA passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Mears

A-Score: 6.6/10

Value: 9.0

Growth: 7.2

Quality: 4.7

Yield: 7.5

Momentum: 2.0

Volatility: 9.0

1-Year Total Return ->

View Full Report
Stock-Card
XPS Pensions

A-Score: 6.5/10

Value: 3.2

Growth: 8.0

Quality: 7.7

Yield: 6.9

Momentum: 7.5

Volatility: 6.0

1-Year Total Return ->

View Full Report
Stock-Card
Atal

A-Score: 6.5/10

Value: 6.0

Growth: 3.6

Quality: 5.6

Yield: 10.0

Momentum: 7.0

Volatility: 6.7

1-Year Total Return ->

View Full Report
Stock-Card
CEWE

A-Score: 6.5/10

Value: 6.9

Growth: 5.7

Quality: 7.5

Yield: 5.0

Momentum: 4.0

Volatility: 9.7

1-Year Total Return ->

View Full Report
Stock-Card
CVS

A-Score: 3.9/10

Value: 2.5

Growth: 5.0

Quality: 3.8

Yield: 0.6

Momentum: 7.5

Volatility: 4.0

1-Year Total Return ->

View Full Report
Stock-Card
Musti

A-Score: 2.8/10

Value: 3.0

Growth: 3.4

Quality: 2.1

Yield: 0.0

Momentum: 1.5

Volatility: 7.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

100.8$

Current Price

100.8$

Potential

-0.00%

Expected Cash-Flows