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Cherry SE (C3RY) Fair Value & Analysis

Information Technology · DE · Market cap €2.1M

CS Cherry SE C3RY · XETRA
Price€1.20
Fair Value€0.5300
Upside-55.8%
Quality47/100
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Weak Growth
Loss-making · -53.7% net margin
Low debt · negative free cash flow
Trails peers (1/9)
Narrow moat 8/100
Evidence: Low Range €0.3500 – €0.6600 Share as image

Fair value as of: Jul 16, 2026

From 1 valuation models · updated 26 days ago

Fair value updated Jul 16, 2026, revised from €0.1300 to €0.5300 (+307.7%) since Jun 25, 2026. Share price −33.7% over the past month.

Below-average quality, and screening another 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€0.6600). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (€0.3500 to €0.6600) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€156.00 €1.20 Fair Value €0.5300 Jun 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range €1.20 – €156.00 · fair‑value band €0.3500 – €0.6600 · the €1.20 price screens above the €0.5300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Cherry SE (C3RY) currently trades at €1.20, while our model-based Fair Value estimate is €0.5300, implying the stock looks roughly 55.8% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Information Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Cherry SE generated revenue of €96.9M at a net margin of -53.7%. Revenue declined 17.8% year over year. It earns a return on equity of -63.0%. Net debt stands at €27.0M. Fundamentals as of Jul 16, 2026

Our scenario range runs from €0.3500 (bear case) to €0.6600 (bull case); at €1.20, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 216% above its 52-week low, currently above its 200-day average. For context, the median of 10 Information Technology peers we cover trades at -67% fair-value upside, at -56%, C3RY screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) €6.38 €8.55 €12.76 50
All 1 models by family
Asset-Based
NCAV (Graham) €6.38 €8.55 €12.76 50

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Key figures & financial health

Revenue (TTM) €96.9M
Revenue growth (YoY) -17.8%
Net margin -53.7%
Return on equity -63.0%
Free cash flow −€5.5M FY2024
Operating margin -14.3%
More key figures
EPS (TTM) €-2.24
Net debt €27.0M FY2024

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 10

Profitability 14
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Cherry SE, together with its subsidiaries, manufactures and sells computer input devices in Germany. The company offers keyboards, mice, desktop sets, headsets, microphones, keyboard and desktop switches, and terminals; accessories, such as covers and mouse; and software and related services.

Full company description

Cherry SE, together with its subsidiaries, manufactures and sells computer input devices in Germany. The company offers keyboards, mice, desktop sets, headsets, microphones, keyboard and desktop switches, and terminals; accessories, such as covers and mouse; and software and related services. It also provides e-health terminals and PIN pads for the healthcare sector. The company serves office and home office, gaming, healthcare, security, POS, and IOT sectors. It sells its products through distributors, resellers, system houses, retailers, and e-tailers. The company was founded in 1953 and is headquartered in Munich, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Cherry SE reported revenue of €110M in FY2024 versus €130M in FY2020, a compound −4.0%/yr. Reported net income was −€45.5M in FY2024.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
€110M
Latest YoY
−12.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−13.1%
Revenue −4.0%/yr
FY20 €130M
FY21 €169M
FY22 €133M
FY23 €126M
FY24 €110M
Net income
FY20 €90.0K
FY21 €9.3M
FY22 −€35.7M
FY23 −€127M
FY24 −€45.5M

C3RY screens 56% overvalued. Compare with Compal Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Cherry SE Fair Value". https://www.fairvalue-calculator.com/stock/C3RY

Peer Group

Computer Hardware · 215 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 45 · Below median
Fair Value upside −56% · Below median
Return on assets -17% · Bottom 25%
Net margin (TTM) -54% · Bottom 25%
Operating margin (TTM) -14% · Bottom 25%
Revenue growth -18% · Bottom 25%
Debt / equity 0.32× · Higher than 75% of peers

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 57
PAST 0 · sector 26
HEALTH 84 · sector 97
DIVIDEND 0 · sector 44

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Compal Electronics, Inc CEIR $0.0310 $0.0276 -11%
Dell Technologies Inc DELL $434.97 $163.87 -62%
Arista Networks, Inc ANET $168.56 $43.74 -74%
Western Digital Corporation WDC $513.84 $74.05 -86%
Wiwynn Corporation 6669 4,685 TWD 1,559 TWD -67%
Hangzhou Hikvision Digital Technology Co 002415 ¥34.12 ¥30.11 -12%
Quanta Computer Inc 2382 373.50 TWD 297.22 TWD -20%
Shenzhen Longsys Electronics Co 301308 ¥587.60 ¥60.86 -90%
Lenovo Group 0992 HK$23.16 HK$3.07 -87%
Dawning Information Industry Co 603019 ¥106.13 ¥28.88 -73%

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Frequently asked questions

Is Cherry SE (C3RY) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of €0.5300 versus a price of €1.20, about −56% (overvalued).
What is the fair value of C3RY?
Our model-based fair value for Cherry SE is €0.5300 (as of Jul 16, 2026), built from audited fundamentals. The current price is €1.20.
What is the quality score of C3RY?
Cherry SE has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Cherry SE (C3RY)?
Cherry SE reported trailing-twelve-month revenue of about €96.9M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of C3RY?
The net profit margin of Cherry SE is about -53.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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