Stock · CHG.DE · Technology

Chapters Group AG

Germany · Small Cap · Revenue 12 mo. €215M

Price as of 11/06/2026

StockScorer score
1.8
of 10 2 of 11 points Low Match To the score
Price
€45.65
1 Y +15.5%
Market cap
€1.1B

CHAPTERS Group AG, together with its subsidiaries, provides various software solutions.

moreless

CHAPTERS Group AG, together with its subsidiaries, provides various software solutions. It also provides electronic gate and door systems, as well as barriers, fire, and smoke protection systems, as well as engages in the field of refrigeration and air conditioning technology, and air purification. In addition, the company offers software solutions for mountain, water, and cave rescues; complete system for the administration and billing of daycare centers and kindergartens; software for utilities and heating cost billing for private landlords and small property managers; industry solutions for management companies; supplemental alarming solutions for fire departments, rescue services, and emergency organizations; and corporate and group planning, and business intelligence solutions. Further, it provides enterprise content management software solutions; business management solutions for real estate developers; solutions for property management companies; orchestra management software; modular software solutions; school administration software; billing and ERP software; broadband services for municipal utilities, municipalities, and other network owners; technical solutions; and support services for international students and young professionals, as well as wholesales and develops cable management and protection solutions. Additionally, the company develops and sells software solution for fishing, hunting, firearms, and firearms license management; and provides customer information systems to electricity and gas suppliers, water and energy suppliers, and public service broadcasters. The company was formerly known as MEDIQON Group AG and changed its name to CHAPTERS Group AG in July 2023. CHAPTERS Group AG was founded in 1998 and is based in Hamburg, Germany.

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Summary

Chapters Group AG is below the middle of the Technology sector overall

37.1 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires more than 30% FCF growth a year, for 10 years.

If free cash flow stays at €7M (2025), it supports €78M. The remaining €1.1B of the market value assume it grows more than 30% a year for 10 years and not at all afterwards.

Required FCF growth per year

over 30%

no growth afterwards

Market value breakdown€1.1B market value, price as of 11/06/2026

€78M without growth
€1.1B priced-in growth

1 sign supports the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 4.9% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Loss over the last twelve months net income −€29.6M
  • Volatile earnings 5 drops or sign changes in up to 10 years

Since the last quarter

Q1 → Q3 2026

Mostly worse than the previous quarter: 3 of 5 changes for the worse.

  • Revenue, 12 mo.€180.8M → €215.0M+18.9%better
  • Gross margin−6.8% → −2.4%+4.4 ppbetter
  • EBIT margin−10.3% → −21.3%−11.0 ppworse
  • Net debt€141.2M → €162.3M+15.0%worse
  • Return on equity−13.2% → −17.1%−3.9 ppworse

3 more unchanged: FCF, 12 mo., FCF margin, Shares outstanding

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability4.8below the middleEarns less than the sector: Gross margin −6.75%, sector 48.47%.
MetricStockSector medianPosition in sector
Return on equity−13.24%14.60%Rank 5
Return on capital (Greenblatt)−38.43%29.77%Rank 1
EBIT margin−27.63%17.40%Rank 2
FCF margin3.88%18.54%Rank 17
Gross margin−6.75%48.47%Rank 0
Growth58.4around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year63.36%12.70%Rank 94
Earnings growth, 3 years per yeardoes not count towards the rank–9.54%
Earnings growth, 5 years per yeardoes not count towards the rank–14.07%
Sustainable growth (ROE × retained earnings)0.92%2.87%Rank 23
Valuation18.1below the middleValued higher than the sector: Earnings yield −2.72%, sector 2.64%.
MetricStockSector medianPosition in sector
Earnings yield−2.72%2.64%Rank 3
FCF yield0.62%3.06%Rank 14
EV/saleslower is better7.065.18Rank 37
EV/EBITlower is betterdoes not count towards the rank–26.24
Momentum81.4above the middleShare price doing better than the sector: Share price, 6 months 47.98%, sector −4.46%.
MetricStockSector medianPosition in sector
Share price, 1 year15.46%−0.59%Rank 71
Share price, 6 months47.98%−4.46%Rank 95
Share price, 3 months7.83%−5.84%Rank 71
Distance from 52-week high−7.50%−33.23%Rank 89
Quality28.9below the middleQuality below the sector: Change in share count 3.72%, sector −0.17%.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better12.87%1.65%Rank 17
Change in share countlower is better3.72%−0.17%Rank 12
Dividend streak in yearsdoes not count towards the rank–8
Price reaction to results, market-adjusted−0.34%−1.57%Rank 58
Balance sheet & risk31.1below the middleMore risk than the sector: Debt to equity 1.11, sector 0.33.
MetricStockSector medianPosition in sector
Equity ratio33.66%53.98%Rank 24
Net debt/EBITDAlower is betterdoes not count towards the rank–−0.20
Debt to equitylower is better1.110.33Rank 15
Volatility, 1 yearlower is better49.34%50.37%Rank 55

Ten years in figures

Revenue from €3.1M (2016) to €180.8M (2025), 57.1% a year.

Fiscal years, amounts in EUR
YearRevenueEBIT marginFCFSharesNet debt
2016€3.1M8.4%€225.6K2.54M−€302.1K
2017€3.2M16.4%€541.5K2.56M−€314.9K
2018€2.9M−14.2%€7.5M2.81M−€10.6M
2019€97.0K−6,195.2%−€5.0M2.98M−€363.9K
2020€1.1M−14.6%−€1.8M3.66M€24.4M
2021€28.7M2.6%€1.2M11.0M€42.3M
2022€42.1M29.5%€3.7M16.1M€37.8M
2023€70.8M24.8%€3.8M18.1M€18.5M
2024€110.7M−9.5%€7.0M23.0M€17.9M
2025€180.8M−27.6%€7.0M23.8M€141.2M
1.8 / 10Low MatchStockScorer score2 of 11 points

1 of 7 StockScorer Score rules met · How the score is built

Chapters Group AG mainly meets criteria in the Growth category. Result from 18 strategies checked.

This stock · Profitability: 0%This stock · Growth: 50%This stock · Valuation: 0%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Chapters Group AG's score is built

Chapters Group AG is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

1 of 7 rules met

2 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%met2 of 2 points
  6. 3-year earnings growth above 12% p.a.no data0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Chapters Group AG stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Acquirer's Multiple: EV/EBIT Deep Value
  • Altman Z-Score: Stress Test
  • Moat Quality
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum
  • Undervalued Stocks: Multi-Factor Check

Chapters Group AG key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Chapters Group AG.

MetricStockSector
P/E ratio–35.1
P/B ratio4.95.5
Return on equity (ROE)−13.2%14.6%
Equity ratio33.7%54.0%
Debt-to-equity (D/E)1.110.33
Dividend yield–0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
CHG.DEChapters Group AGthis page
TMV.DETeamViewer AGHigh7.3
AOF.DEATOSS Software SEHigh7.3
MUM.DEMensch und Maschine Software SELow2.7
IVU.DEIVU Traffic Technologies AGlocked
NEM.DENemetschek AGlocked

Frequently asked questions about Chapters Group AG stock

How does Chapters Group AG stock (CHG.DE) score in the StockScorer model?
Chapters Group AG stock reaches a StockScorer score of 1.8 out of 10, which is a low match with the rule-based strategies. 1 out of 7 flagship profile rules are met.
What sector is Chapters Group AG in?
Chapters Group AG is assigned to the Technology sector. Its rank within the sector is 37.1 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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