CEWE Stiftung KGaA (HAM:CWC) Intrinsic Value: Projected FCF: €44.40 (As of Jun. 28, 2026) — 2802% Above Median


HAM:CWC CEWE Stiftung & Co KGaA HAM:CWC
76 GF Score
Price €91.10
GF Value €137.47
Valuation Significantly Undervalued
! 3 Warning Signs
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What is CEWE Stiftung KGaA Intrinsic Value: Projected FCF?

CEWE Stiftung KGaA HAM:CWC -1.73% 76 Intrinsic Value: Projected FCF is €44.40 as of Jun. 28, 2026, which is 100% below its 10-year median of 1.53. GuruFocus rates HAM:CWC with a GF Score™ of 76/100 and a GF Value™ of €137.47 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 65 Personal Services companies, CEWE Stiftung KGaA ranks worse than 80% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-06-28), CEWE Stiftung KGaA's Intrinsic Value: Projected FCF is €44.40. The stock price of CEWE Stiftung KGaA is €91.10. Therefore, CEWE Stiftung KGaA's Price-to-Intrinsic-Value-Projected-FCF of today is 2.1.

The historical rank and industry rank for CEWE Stiftung KGaA's Intrinsic Value: Projected FCF or its related term are showing as below:

HAM:CWC' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.88   Med: 1.53   Max: 2.09
Current: 2.05

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of CEWE Stiftung KGaA was 2.09. The lowest was 0.88. And the median was 1.53.

HAM:CWC's Price-to-Projected-FCF is ranked worse than
80% of 65 companies
in the Personal Services industry
Industry Median: 1.05 vs HAM:CWC: 2.05

CEWE Stiftung KGaA  (HAM:CWC) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

CEWE Stiftung KGaA's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=91.10/44.641884297266
=2.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CEWE Stiftung KGaA Intrinsic Value: Projected FCF Related Terms


CEWE Stiftung KGaA Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for CEWE Stiftung KGaA's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CEWE Stiftung KGaA Intrinsic Value: Projected FCF Chart

CEWE Stiftung KGaA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.50 59.98 69.77 68.54 62.04

CEWE Stiftung KGaA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 53.72 56.62 56.99 62.04 43.97

HAM:CWC vs ROL, SCI, HRB: Intrinsic Value: Projected FCF Comparison

For the Personal Services subindustry, CEWE Stiftung KGaA's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CEWE Stiftung KGaA Price-to-Projected-FCF vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, CEWE Stiftung KGaA's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where CEWE Stiftung KGaA's Price-to-Projected-FCF falls into.


HAM:CWC
76GF Score
CEWE Stiftung & Co KGaA HAM:CWC
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CEWE Stiftung KGaA Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get CEWE Stiftung KGaA's Free Cash Flow(6 year avg) = €-6.17.

CEWE Stiftung KGaA's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-6.17488+452.884*0.8)/6.799
=44.64

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of €44.40 mean?
CEWE Stiftung KGaA (HAM:CWC) has a Intrinsic Value: Projected FCF of €44.40 as of Jun. 28, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on CEWE Stiftung KGaA and its competitors. This is 2802% above median its historical median of 1.53. Over the past decade, CEWE Stiftung KGaA's Intrinsic Value: Projected FCF has ranged from 0.88 to 2.09. According to the industry distribution chart, CEWE Stiftung KGaA ranks #52 out of 65 companies in the Personal Services industry, placing it in the top 80%.
Is CEWE Stiftung KGaA's Intrinsic Value: Projected FCF too high?
CEWE Stiftung KGaA's current Intrinsic Value: Projected FCF of €44.40 is 2802% above median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 2.09. Based on the distribution chart, CEWE Stiftung KGaA ranks #52 out of 65 companies in the Personal Services industry, which is in the bottom quartile relative to peers. Overall, CEWE Stiftung KGaA has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CEWE Stiftung KGaA's Intrinsic Value: Projected FCF compare to ROL and SCI?
According to the Personal Services industry distribution chart, CEWE Stiftung KGaA ranks #52 out of 65 companies for Intrinsic Value: Projected FCF. This places CEWE Stiftung KGaA in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.05. Historically, CEWE Stiftung KGaA's own Intrinsic Value: Projected FCF has ranged from 0.88 to 2.09 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Personal Services company?
The median Intrinsic Value: Projected FCF among Personal Services companies is 1.05, based on 65 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on CEWE Stiftung KGaA and its competitors. For the Personal Services industry, the median Intrinsic Value: Projected FCF is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEWE Stiftung KGaA's current Intrinsic Value: Projected FCF is €44.40, which is 2802% above median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CEWE Stiftung KGaA stock overvalued right now?
Based on GuruFocus' analysis, CEWE Stiftung KGaA (HAM:CWC) is currently considered Significantly Undervalued. The stock's GF Value™ is €137.47, compared to a current price of €91.10 — trading 33.7% below its estimated fair value. The current Intrinsic Value: Projected FCF is €44.40, which is 2802% above median its 10-year median of 1.53. CEWE Stiftung KGaA's overall GF Score™ is 76/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For CEWE Stiftung KGaA (HAM:CWC), the current Intrinsic Value: Projected FCF is €44.40 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CEWE Stiftung KGaA (HAM:CWC) Overvalued in 2026?

Based on GuruFocus' analysis, CEWE Stiftung KGaA stock appears to be undervalued. The current stock price of €91.10 is trading 33.7% below its estimated GF Value™ of €137.47. GuruFocus considers CEWE Stiftung KGaA to be Significantly Undervalued.

Key valuation signals for HAM:CWC:

  • Intrinsic Value: Projected FCF: €44.40 (2802% above median its 10-year median of 1.53)
  • GF Value™: €137.47 vs. price of €91.10 (33.7% below fair value)
  • GF Score™: 76/100 with 3 warning signs

No single metric tells the full story. See the HAM:CWC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CEWE Stiftung KGaA Business Description

Other Exchanges CWCd:UK0N8F:UKCWC:Germany
Address Meerweg 30 - 32, Oldenburg, NI, DEU, 26133
CEWE Stiftung & Co KGaA is a German-based company which provides photo service, photo retail business, and commercial online printing. The company operates a business through three segments through photofinishing, retail, and commercial online printing. Its Photofinishing segment works on the printing of photos of analogue or digital origin. Retail unit trades photo hardware and photo products to end consumers using various brands such as Fotojoker, Fotolab and Japan Photo, among others. The Online Printing unit operates through online printing portals, such as www.cewe-print.de and others. The company derives it's majority of the revenue from photofinishing activity in Germany.
76GF Score

Get the complete analysis for HAM:CWC

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€91.10
Price
€137.47
GF Value