🇨🇿 CSG AFTER DROP OF MORE THAN 60%! 📉 Opportunity or value trap? $CSG.AS
One of the most interesting European defense companies trades today at approximately €13.80. And I'm starting to think a very interesting investment opportunity may be emerging here. 👀
I'm talking about Czechoslovak Group (CSG) – a manufacturer of ammunition, military equipment and defense systems.
The shares entered the market at €25, then rose as high as €35.50. Today they are more than 60% below the high.
And fundamentals? They don't look bad at all.
📊 Results for the first half of 2026:
✅ Revenue: €3.25 billion (+17.2%)
✅ EBIT: €784 million
✅ EBIT margin: 24.1%
✅ Backlog and projects under negotiation: €46 billion
But the most interesting part comes when looking to the future.
Analysts expect that in 2028 CSG could achieve:
📈 Revenue €10.1 billion
💰 EBIT €2.69 billion
💵 Free cash flow €1.43 billion
At today's price, that's about 8.2× expected earnings for 2028!
That's worth paying attention to.
⚠️ Of course, not everything is rosy. The company has question marks around cash flow, working capital, geopolitics and investor confidence. Low P/E alone does not mean a cheap stock.
Personally, I'm particularly interested in whether CSG can convert its high operating profits into actual cash.
🔥 On Bulios Creators I've prepared a more detailed look at CSG including analyst estimates, FCF, risks and price scenarios to 2028.
👉 https://bulios.com/@investorbezkravaty?code=BEZKRAVATY
🎁 With code BEZKRAVATY you get 25% off the entire subscription period when activating by the end of October.
💬 What do you think about CSG? Is the drop of more than 60% an opportunity or does the market see something investors are overlooking?
Not investment advice. Analyst estimates are not guaranteed results.