CYAN AG (CYR.DE) Stock Fundamental Analysis

Europe - Frankfurt Stock Exchange - FRA:CYR - DE000A2E4SV8 - Common Stock

2.48 EUR

+0.08 (+3.33%)

Last: 1/23/2026, 7:00:00 PM

Fundamental Rating

Taking everything into account, CYR scores 3 out of 10 in our fundamental rating. CYR was compared to 114 industry peers in the Software industry. CYR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. While showing a medium growth rate, CYR is valued expensive at the moment.

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1. Profitability

1.1 Basic Checks

In the past year CYR has reported negative net income.
CYR had a negative operating cash flow in the past year.
CYR had negative earnings in each of the past 5 years.
In the past 5 years CYR always reported negative operating cash flow.

1.2 Ratios

Looking at the Return On Assets, with a value of -6.26%, CYR is doing worse than 73.95% of the companies in the same industry.
The Return On Equity of CYR (-7.08%) is worse than 64.71% of its industry peers.

		Industry Rank	Sector Rank
ROA	-6.26%
ROE	-7.08%
ROIC	N/A

ROA(3y)-27.68%

ROA(5y)-21.43%

ROE(3y)-36.79%

ROE(5y)-28.44%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

Looking at the Gross Margin, with a value of 84.83%, CYR belongs to the top of the industry, outperforming 80.67% of the companies in the same industry.
In the last couple of years the Gross Margin of CYR has declined.
The Profit Margin and Operating Margin are not available for CYR so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	84.83%

OM growth 3YN/A

OM growth 5YN/A

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y44.24%

GM growth 5Y-3.74%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

CYR does not have a ROIC to compare to the WACC, probably because it is not profitable.
CYR has less shares outstanding than it did 1 year ago.
CYR has more shares outstanding than it did 5 years ago.
CYR has a worse debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 6.47 indicates that CYR is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 6.47, CYR is doing good in the industry, outperforming 78.15% of the companies in the same industry.
CYR has a Debt/Equity ratio of 0.05. This is a healthy value indicating a solid balance between debt and equity.
CYR's Debt to Equity ratio of 0.05 is fine compared to the rest of the industry. CYR outperforms 79.83% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.05
Debt/FCF	N/A
Altman-Z	6.47

ROIC/WACCN/A

WACC7.99%

2.3 Liquidity

CYR has a Current Ratio of 2.24. This indicates that CYR is financially healthy and has no problem in meeting its short term obligations.
CYR's Current ratio of 2.24 is fine compared to the rest of the industry. CYR outperforms 79.83% of its industry peers.
A Quick Ratio of 2.24 indicates that CYR has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.24, CYR is doing good in the industry, outperforming 79.83% of the companies in the same industry.

		Industry Rank	Sector Rank
Current Ratio	2.24
Quick Ratio	2.24

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

CYR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 86.12%, which is quite impressive.
Looking at the last year, CYR shows a very strong growth in Revenue. The Revenue has grown by 98.99%.
CYR shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -23.31% yearly.

EPS 1Y (TTM)86.12%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%80%

Revenue 1Y (TTM)98.99%

Revenue growth 3Y-5.78%

Revenue growth 5Y-23.31%

Sales Q2Q%36.96%

3.2 Future

Based on estimates for the next years, CYR will show a very strong growth in Earnings Per Share. The EPS will grow by 34.17% on average per year.
CYR is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 21.67% yearly.

EPS Next Y78.57%

EPS Next 2Y42.5%

EPS Next 3Y17.9%

EPS Next 5Y34.17%

Revenue Next Year31.65%

Revenue Next 2Y27.23%

Revenue Next 3Y38.85%

Revenue Next 5Y21.67%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

CYR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
CYR is valuated quite expensively with a Price/Forward Earnings ratio of 491.09.
Based on the Price/Forward Earnings ratio, CYR is valued a bit more expensive than the industry average as 69.75% of the companies are valued more cheaply.
CYR's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.98.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	491.09

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CYR indicates a slightly more expensive valuation: CYR is more expensive than 66.39% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	N/A
EV/EBITDA	138.34

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
CYR's earnings are expected to grow with 17.90% in the coming years. This may justify a more expensive valuation.