Cantourage Group SE
ISIN: DE000A3DSV01
WKN: A3DSV0
11 September 2026 01:48PM

Original-Research: Cantourage Group SE (von First Berlin Equity Research GmbH): Kaufen

Cantourage Group SE · ISIN: DE000A3DSV01 · EQS - Analysts
Country: Germany · Primary market: Germany · EQS NID: 26798

Original-Research: Cantourage Group SE - from First Berlin Equity Research GmbH

11.09.2026 / 13:48 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.


Classification of First Berlin Equity Research GmbH to Cantourage Group SE

Company Name: Cantourage Group SE
ISIN: DE000A3DSV01
 
Reason for the research: Update
Recommendation: Kaufen
from: 11.09.2026
Target price: €11
Target price on sight of: 12 Monate
Last rating change: -
Analyst: Ellis Acklin

First Berlin Equity Research hat ein Research Update zu Cantourage Group SE (ISIN: DE000A3DSV01) veröffentlicht. Analyst Ellis Acklin bestätigt seine BUY-Empfehlung und bestätigt sein Kursziel von EUR 11,00.

Zusammenfassung:
Cantourage bereitet sich auf einen Wechsel an der Spitze vor, nachdem CEO Philip Schetter aus persönlichen Gründen darum gebeten hat, vor Ablauf seiner laufenden Amtszeit aus dem Vorstand auszuscheiden. Der Übergang dürfte reibungslos verlaufen. Herr Schetter wird bis zur Ernennung eines Nachfolgers weiterhin die volle Verantwortung tragen und die Übergabe unterstützen. Monique Jaqqam wird voraussichtlich weiterhin als CFO tätig sein. Wir sehen zudem keine Anzeichen für eine strategische Neuausrichtung. Unserer Ansicht nach ist der bewusste Verweis des Aufsichtsrats auf eine 'neue Entwicklungsphase' in der Pressemitteilung interessanter. Wir glauben, dass dies die Tür für einen Nachfolger mit fundierterer Erfahrung in der Pharmabranche und entsprechenden Netzwerken öffnen könnte. Die heutige Markteinführung neuer Cannabis-Wirkstoffe für die Zubereitung in Apotheken passt perfekt in diese Richtung und erweitert das Angebot von Cantourage über blütenbasierte Formate hinaus. Derzeit sehen wir keinen Grund, unsere Anfang dieses Monats angepassten Schätzungen zu ändern, und behalten unsere Kaufempfehlung für Cantourage mit einem Kursziel von €11 bei (102% Aufwärtspotenzial).

First Berlin Equity Research has published a research update on Cantourage Group SE (ISIN: DE000A3DSV01). Analyst Ellis Acklin reiterated his BUY rating and maintained his EUR 11.00 price target.

Abstract:
Cantourage is preparing for a change at the top after CEO Philip Schetter asked to step down from the board for personal reasons before the end of his current term. The transition should be orderly. Mr Schetter will remain fully in charge until a successor is appointed, and support the handover. Ms Monique Jaqqam is expected to stay on as CFO. We also see no indication of any strategic shift. In our view, the more interesting read is the Supervisory Board's deliberate reference to a 'new phase of development' in the news release. We think this could open the door to a successor with deeper pharma credentials and networks as the company continues to evolve. Today's launch of new cannabis active ingredients for pharmacy compounding fits neatly with that direction and further broadens Cantourage beyond flower-led formats. For now, we see no reason to alter our forecasts recalibrated earlier this month and remain Buy-rated on Cantourage with an €11 TP (102% upside).

Bezüglich der Pflichtangaben gem. §34b WpHG und des Haftungsausschlusses siehe die vollständige Analyse.

 

You can download the research here: HIGH_GR-2026-09-11_EN

Contact for questions:
First Berlin Equity Research GmbH
Herr Gaurav Tiwari
Tel.: +49 (0)30 809 39 686
web: www.firstberlin.com
E-Mail: g.tiwari@firstberlin.com


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2398114  11.09.2026 CET/CEST

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2020 2021 2022 2023 2024 2025 2026e
Sales1 0,53 5,22 14,16 23,56 50,91 92,80 90,00
EBITDA1,2 -0,56 -0,83 -2,51 -0,25 3,48 5,70 11,00
EBITDA-Margin3 -105,66 -15,90 -17,73 -1,06 6,84 6,14 12,22
EBIT1,4 -0,59 -0,97 -6,32 -4,33 -0,72 4,00 0,00
EBIT-Margin5 -111,32 -18,58 -44,63 -18,38 -1,42 4,31 0,00
Net Profit (Loss)1 -0,59 -0,97 -5,92 4,27 -1,14 3,00 0,00
Net-Margin6 -111,32 -18,58 -41,81 18,12 -2,24 3,23 0,00
Cashflow1,7 -0,56 -0,83 -2,11 -0,20 3,07 6,00 0,00
Earnings per share8 -0,05 -0,08 -0,47 -0,34 -0,09 0,24 0,31
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PKF Wulf Gruppe

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Cantourage Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A3DSV0 DE000A3DSV01 SE 69,82 Mio € 11.11.2022 Kaufen 9F4MF9M4+93
* * *
PE 2027e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
14,74 16,10 0,92 -56,00 1,79 22,77 0,75
Dividends
Dividend '2023
in €
Dividend '2024
in €
Dividend '2025e
in €
Div.-Yield '2025e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
24.06.2026 11.05.2026 13.08.2026 19.12.2025 15.05.2026
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+1,08%
5,60 €
ATH 40,50 €
-3,63% +11,93% +65,19% +53,01% -13,58%

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