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CDS.DE$345.20+7.57%
Fair $345.20+0.0%

CDS.DE

CDS.DE

Technology / Software - ApplicationXETRA

$345.20

+24.30 (+7.57%)

Fairly Valued+0.0%Fair Value $345.20Fund rank 39/100 · Data gapFallback financials|
SA 57/C
F-Score: 7/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 22% · confianza 25%

FCF escenarios

weak_data · normalized FCF $1.2B · quality 81.7/100

Data gap 39/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 94/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

57/100

C

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · CDS.DELocal privado en este navegador · CDS.DE
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$95.2B

P/E

93.6x

↑

EV/EBITDA

50.2x

↑

ROE

20.3%

↑

Gross Margin

86.4%

↑

Debt/Equity

0.48

↑
52-Week Range$345
$166$350

TradingView lightweight chart

CDS.DE price, volumen y niveles de valoración

Último $345.20Periodo +108.4%
Fair value: $345.20

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+14.1%

FCF CAGR

+12.4%

FCF margin

30.0%

FCF / Net income

1.43x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $5.30B · net income $1.11B · FCF $1.59B

2022-FY → 2025-FY

Gross margin

86.4%-3.2% pts

Operating margin

31.1%+1.0% pts

Net margin

20.9%-2.9% pts

FCF margin

30.0%-1.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$5.30B$5.30B$4.64B$4.09B$3.56B
Net Income$1.11B$1.11B$1.06B$1.04B$849.0M
EBITDA$1.87B$1.87B$1.67B$1.46B$1.20B
EPS4.064.063.853.823.09
Gross Margin86.4%86.4%86.0%89.4%89.6%
Operating Margin31.1%31.1%29.8%30.9%30.1%
Net Margin20.9%20.9%22.7%25.5%23.8%
Balance Sheet
Debt/Equity0.480.480.550.220.32
Current Ratio1.471.47———
Cash Flow
Free Cash Flow$1.59B$1.59B$1.12B$1.25B$1.12B
Returns
ROE20.3%20.3%22.6%30.6%30.9%
Valuation
P/E93.5593.55———
EV/EBITDA50.1850.18———
P/B17.2317.23———
Growth & Yield
Revenue Growth14.1%14.1%13.5%14.8%—
EPS Growth5.5%5.5%0.8%23.6%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

96.1%

muy exigente

EPS terminal req.

$30.63

Spread vs growth

-90.7%

5Y implied EPS CAGR

55.6%

muy exigente

EPS terminal req.

$37.06

Spread vs growth

-50.2%

10Y implied EPS CAGR

30.8%

muy exigente

EPS terminal req.

$59.69

Spread vs growth

-25.4%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · available periodreconcilia total +108.4%

Total return

+108.4%

Start / end P/E

43.0x → 85.0x

EPS bridge

3.85 → 4.06

Residual

+5.3%

EPS growth+5.5%
Multiple rerating+97.6%
Dividend+0.0%
Residual / FX / buybacks / cross-term+5.3%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.