01.02.2019 cyan AG  DE000A2E4SV8

DGAP-News: cyan AG: Commerzbank starts coverage on cyan AG with a 'Buy' recommendation and share price target 43 Euro


 

DGAP-News: cyan AG / Key word(s): Miscellaneous/Research Update
cyan AG: Commerzbank starts coverage on cyan AG with a 'Buy' recommendation and share price target 43 Euro

01.02.2019 / 09:32
The issuer is solely responsible for the content of this announcement.


Commerzbank starts coverage on cyan AG with a "Buy" recommendation and share price target 43 Euro

Munich / 1 February 2019. Commerzbank Research published its first analysis of cyan AG and recommends "Buy" with a share price target of 43 euros. Commerzbank Research plans to produce ongoing research reports on cyan AG in the future.

In its research on cyan AG, Commerzbank anticipates strong growth with a revenue CAGR 2018-2021E of 49% and EBITDA growth of 75%, in particular due to the high scalability of the business model. The recently concluded contract with Orange will also contribute massively to the company's strong growth. Should cyan manage to sign additional large-scale contracts and/or to achieve higher EBIT margins, additional share price potential is seen. Commerzbank sees the basis for cyan's success in its market position as the only network-integrated provider of IT and cyber-security solutions for mobile end devices such as smartphones and tablets.

About cyan:
cyan is a leading European provider of intelligent, white labeled IT security solutions with more than 15 years of experience in the area of IT security. cyan's holding company is based in Munich, Germany. The main business areas of the company are mobile security solutions for the end customers of mobile network operators and fixed line internet service providers (MNO, ISP), mobile virtual network operators (MVNO), the insurance and financial services sector and government institutions. cyan's solutions can easily be integrated into the existing infrastructure of business partners and introduced to the market via a revenue share model. In addition, data protection is assured through full integration into the customer's own network environment. In December 2018 cyan has concluded a global group contract with Orange/France Telecom for its cyber- security solutions.

cyan operates its own research and development center and maintains close links to universities, international research institutes, security, financial and social organizations. This close collaboration ensures the early recognition of trends and technical developments for integration into cyan's products.

Further information is available at www.cyansecurity.com

Investor Contact
Florian Rukover, Head of IR
cyan AG
florian.rukover@cyansecurity.com

Press Contact
Frank Ostermair
Better Orange IR & HV AG
Tel. +49 89 88 96 906 14
frank.ostermair@better-orange.de



01.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: cyan AG
Friedrich-Herschel-Strasse 5
80679 Munich
Germany
Internet: www.cyansecurity.com
ISIN: DE000A2E4SV8
WKN: A2E4SV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

771711  01.02.2019 

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Die wichtigsten Finanzdaten auf einen Blick
  2012 2013 2014 2015 2016 2017 2018 2019e
Umsatzerlöse1 0,00 0,00 0,00 3,73 3,35 3,59 20,01 35,00
EBITDA1,2 0,00 0,00 0,00 1,82 1,17 1,63 3,40 14,00
EBITDA-Marge3 0,00 0,00 0,00 48,79 34,93 45,40 16,99 40,00
EBIT1,4 0,00 0,00 0,00 1,78 1,12 1,46 0,37 10,50
EBIT-Marge5 0,00 0,00 0,00 47,72 33,43 40,67 1,85 30,00
Jahresüberschuss1 0,00 0,00 0,00 1,38 0,86 1,24 -0,11 8,50
Netto-Marge6 0,00 0,00 0,00 37,00 25,67 34,54 -0,55 24,29
Cashflow1,7 0,00 0,00 0,00 1,55 0,97 -0,05 3,66 7,00
Ergebnis je Aktie8 0,00 0,00 0,00 0.16 0,10 0,15 -0,01 0,87
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: HLB Stückmann

INVESTOR-INFORMATIONEN
©boersengefluester.de
Cyan
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2E4SV 20,190 Halten 197,35
KGV 2020e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
14,42 14,26 0,980 50,00
KBV KCV KUV EV/EBITDA
4,00 53,92 9,86 61,819
Dividende '18 in € Dividende '19e in € Div.-Rendite '18
in %
Hauptversammlung
0,00 0,00 0,00 03.07.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
31.07.2019 31.10.2019 01.07.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-5,57% -23,74% -22,29% -9,87%
    
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