CENIT Aktiengesellschaft (ETR:CSH), which is in the software business, and is based in Germany, saw a significant share price rise of over 20% in the past couple of months on the XTRA. As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value. Is there still an opportunity here to buy? Let’s examine CENIT’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.
What is CENIT worth?
Good news, investors! CENIT is still a bargain right now according to my price multiple model, which compares the company’s price-to-earnings ratio to the industry average. I’ve