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Relative valuation derived from Industrials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 41.4GRADE C
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
-41.1%
Sector: 8.9%
Dividend Analysis audit
No Dividend
This company does not currently pay a dividend.
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, CIMPRESS plc (CMPR) receives a "Hold" rating with a composite score of 45.7/100, ranked #532 out of 4446 stocks. Key factor scores: Quality 41/100, Value 60/100, Momentum 62/100. This is quantitative analysis only — not investment advice.
CIMPRESS plc (CMPR) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does CIMPRESS plc Do?
Cimpress plc provides various mass customization services in North America, Europe, and internationally. The company operates through five segments: Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; web-to print products, including multi-page brochures, folders, flyers, business cards, signs, leaflets, booklets, posters, letterheads, and banners, as well as customized beverage cans; and printed materials, such as signage, print, advertising materials, corporate-wear, and promotional gifts. The company also provides finishing options on business cards, flyers, brochures, banners, posters, roll-ups, and rigid signage; custom writing instruments, as well as other promotional products comprising travel mugs, water bottles, tech gadgets, and trade show items; and mass customization solutions that support various channels consisting of retail stores, websites, and e-commerce platforms. In addition, it offers website design and hosting, and email marketing services, as well as order referral and other third-party offerings. The company serves graphic designers, resellers, and printers, as well as teams, associations, groups, consumers, and families. Cimpress plc was founded in 1994 and is based in Dundalk, Ireland. CIMPRESS plc (CMPR) is classified as a small-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Robert S. Keane and employs approximately 16,000 people, headquartered in Venlo, Massachusetts. With a market capitalization of $1.8B, CMPR is one of the notable companies in the Industrials sector.
CIMPRESS plc (CMPR) Stock Rating — Hold (April 2026)
As of April 2026, CIMPRESS plc receives a Hold rating with a composite score of 45.7/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.CMPR ranks #532 out of 4,446 stocks in our coverage universe. Within the Industrials sector, CIMPRESS plc ranks #90 of 752 stocks, placing it in the top quartile of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
CMPR Stock Price and 52-Week Range
CIMPRESS plc (CMPR) currently trades at $76.70. The stock gained $1.56 (2.1%) in the most recent trading session. The 52-week high for CMPR is $82.43, which means the stock is currently trading -7.0% from its annual peak. The 52-week low is $35.21, putting the stock 117.8% above its annual trough. Recent trading volume was 131K shares, suggesting relatively thin trading activity.
Is CMPR Overvalued or Undervalued? — Valuation Analysis
CIMPRESS plc (CMPR) carries a value factor score of 60/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 17.28x, compared to the Industrials sector average of 28.33x — a discount of 39%. The price-to-sales ratio is 0.52x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, CMPR trades at 4.72x EV/EBITDA, versus 5.70x for the sector.
Overall, CMPR's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
CIMPRESS plc Profitability — ROE, Margins, and Quality Score
CIMPRESS plc (CMPR) earns a quality factor score of 41/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -41.1%, compared to the Industrials sector average of 8.9%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 5.2% versus the sector average of 3.3%.
On a margin basis, CIMPRESS plc reports gross margins of 47.1%, compared to 35.8% for the sector. The operating margin is 7.0% (sector: 6.2%). Net profit margin stands at 2.8%, versus 3.9% for the average Industrials stock. Revenue growth is running at 29.5% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
CMPR Debt, Balance Sheet, and Financial Health
CIMPRESS plc has a debt-to-equity ratio of -304.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 0.68x, which may signal near-term liquidity tightness.
CMPR has a beta of 1.02, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for CIMPRESS plc is 63/100, reflecting average volatility within the normal range for its sector.
CIMPRESS plc Revenue and Earnings History — Quarterly Trend
In TTM 2026, CIMPRESS plc reported revenue of $3.63B and earnings per share (EPS) of $2.01. Net income for the quarter was $110M. Gross margin was 47.1%. Operating income came in at $259M.
In Q2 2026, CIMPRESS plc reported revenue of $1.04B and earnings per share (EPS) of $2.01. Net income for the quarter was $49M. Gross margin was 46.8%. Revenue grew 11.0% year-over-year compared to Q2 2025. Operating income came in at $88M.
In Q1 2026, CIMPRESS plc reported revenue of $863M and earnings per share (EPS) of $0.31. Net income for the quarter was $7M. Gross margin was 46.7%. Revenue grew 7.2% year-over-year compared to Q1 2025. Operating income came in at $49M.
In FY 2025, CIMPRESS plc reported revenue of $3.40B and earnings per share (EPS) of $0.60. Net income for the quarter was $13M. Gross margin was 47.5%. Revenue grew 3.4% year-over-year compared to FY 2024. Operating income came in at $226M.
Over the past 8 quarters, CIMPRESS plc has demonstrated a growth trajectory, with revenue expanding from $3.29B to $3.63B. Investors analyzing CMPR stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
CMPR Dividend Yield and Income Analysis
CIMPRESS plc (CMPR) does not currently pay a dividend. This is common among smaller companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.
CMPR Momentum and Technical Analysis Profile
CIMPRESS plc (CMPR) has a momentum factor score of 62/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 1/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
CMPR vs Competitors — Industrials Sector Ranking and Peer Comparison
Comparing CMPR against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full CMPR vs S&P 500 (SPY) comparison to assess how CIMPRESS plc stacks up against the broader market across all factor dimensions.
CMPR Next Earnings Date
No upcoming earnings date has been announced for CIMPRESS plc (CMPR) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy CMPR? — Investment Thesis Summary
CIMPRESS plc presents a balanced picture with arguments on both sides. The value score of 60/100 suggests attractive pricing relative to fundamentals. Price momentum is positive at 62/100, suggesting the trend favors buyers. Low volatility (stability score 63/100) reduces downside risk.
In summary, CIMPRESS plc (CMPR) earns a Hold rating with a composite score of 45.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on CMPR stock.
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Institutional Research Dossier
CIMPRESS plc (CMPR) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
We maintain a Hold rating on Cimpress plc (CMPR), driven by a mixed assessment of its financial performance and competitive positioning. While the company exhibits strong revenue growth and gross margins compared to the Industrials sector, its profitability metrics, particularly ROE, are concerning. The valuation, as indicated by EV/EBITDA, appears attractive, but this is tempered by the company's inconsistent net income and free cash flow generation, creating uncertainty about its long-term value creation potential.
Cimpress operates in a fragmented and competitive market, requiring continuous investment in technology and marketing to maintain its market share. The company's mass customization business model offers some differentiation, but its ability to translate this into sustained profitability remains a key challenge. The Hold rating reflects our view that the potential upside is balanced by significant risks, warranting a cautious approach.
Business Strategy & Overview
Cimpress operates as a mass customization platform, offering a wide array of printed and digital marketing products to businesses and consumers. The company's core strategy revolves around aggregating demand across various brands and geographies, leveraging its centralized manufacturing and technology infrastructure to achieve economies of scale and offer competitive pricing. This model allows Cimpress to cater to a diverse customer base, ranging from small businesses seeking marketing materials to large enterprises requiring customized promotional products.
The company's segment structure, comprising Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses, reflects its multi-brand approach. Each segment targets specific customer segments or product categories, allowing Cimpress to capture a broader share of the market. Vistaprint, the company's flagship brand, focuses on serving small businesses with a comprehensive suite of marketing solutions. PrintBrothers and The Print Group cater to graphic designers, resellers, and printers, while National Pen specializes in customized writing instruments and promotional products.
Cimpress's strategic positioning is centered on providing a one-stop shop for mass customization needs, offering a wide selection of products, competitive pricing, and efficient order fulfillment. The company invests heavily in technology to enhance its platform capabilities, improve production efficiency, and personalize the customer experience. This includes investments in web-to-print technology, automated manufacturing processes, and data analytics to optimize marketing campaigns and product offerings.
The industry context is characterized by increasing demand for personalized products and services, driven by the growing importance of branding and marketing in a digital age. Cimpress faces competition from both traditional printing companies and online marketplaces, requiring it to continuously innovate and differentiate its offerings. The company's ability to leverage its scale and technology to provide superior value to customers will be crucial for its long-term success.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
29.5%
Sector: 6.4%
+362% VS SCTR
Economic Moat Analysis
Cimpress's economic moat is best characterized as Narrow. While the company has established a significant presence in the mass customization market, its competitive advantages are not insurmountable. The primary source of its moat stems from its efficient scale and proprietary technology platform, which allows it to offer a wide range of products at competitive prices. However, the industry is fragmented, and barriers to entry are relatively low, limiting the company's pricing power and profitability.
The network effect is not a significant driver of Cimpress's moat. While the company benefits from aggregating demand across its various brands, the value of its platform does not increase exponentially with each additional customer. Switching costs are also relatively low, as customers can easily switch to alternative providers if they find better pricing or service. This limits Cimpress's ability to retain customers and generate recurring revenue.
Intangible assets, such as brand recognition and proprietary technology, contribute to Cimpress's moat, but they are not strong enough to create a wide moat. While Vistaprint is a well-known brand in the small business market, it faces competition from other established players. The company's technology platform is a key differentiator, but it is not protected by patents or other intellectual property rights, making it vulnerable to imitation.
Cost advantages are a more significant source of Cimpress's moat. The company's centralized manufacturing and technology infrastructure allows it to achieve economies of scale and offer competitive pricing. However, these cost advantages are not unique to Cimpress, as other large printing companies have also invested in similar technologies. The company's ability to maintain its cost advantage will depend on its continued investment in technology and process improvements.
Overall, Cimpress's narrow moat provides some protection against competition, but it is not strong enough to guarantee long-term profitability. The company's ability to widen its moat will depend on its ability to innovate, differentiate its offerings, and build stronger customer relationships.
Financial Health & Profitability
Cimpress's financial health presents a mixed picture. The company has demonstrated strong revenue growth, with TTM revenue of $1.04 billion and a revenue growth rate of 29.5% compared to the sector average of 6.6%. This indicates that Cimpress is effectively capturing market share and expanding its business. However, the company's profitability metrics are less impressive. The TTM net income is $49.49 million, resulting in a net margin of 2.8%, which is below the sector average of 3.7%. The ROE is a concerning -41.1%, significantly lower than the sector average of 9.2%, indicating inefficient use of equity.
Gross margins are a relative strength, with a TTM gross margin of 47.1%, exceeding the sector average of 35.8%. This suggests that Cimpress has a competitive advantage in its production processes and pricing strategies. However, operating margin, while at 7.0%, is only slightly above the sector average of 6.2%, indicating that operating expenses are consuming a significant portion of gross profit.
Analyzing the quarterly financial history reveals some volatility in Cimpress's performance. Net income has fluctuated significantly, with periods of profitability followed by losses. For example, Q2 FY2025 saw a net income of $61.62 million, while Q3 FY2025 recorded a net loss of $8.02 million. This inconsistency raises concerns about the company's ability to generate sustainable profits. The absence of Free Cash Flow data makes it difficult to assess the company's cash generation capabilities.
The current ratio of 0.68 indicates potential liquidity issues, as current liabilities exceed current assets. This could constrain the company's ability to invest in growth initiatives or weather economic downturns. The negative debt-to-equity ratio of -304.00 is unusual and requires further investigation to understand the company's capital structure and financing strategies. Overall, Cimpress's financial health is characterized by strong revenue growth but weak profitability and liquidity, warranting a cautious approach.
Valuation Assessment
Cimpress's valuation presents a complex picture. The company's P/E ratio of 34.5x is higher than the Industrials sector average of 27.7x, suggesting that the stock is relatively expensive compared to its peers. However, the EV/EBITDA ratio of 3.4x is significantly lower than the sector average of 5.7x, indicating that the company may be undervalued based on its enterprise value and earnings before interest, taxes, depreciation, and amortization. This discrepancy highlights the challenges in valuing Cimpress based on traditional metrics.
The high P/E ratio reflects the market's expectations for future earnings growth, but it also implies a higher risk premium. Investors are willing to pay a premium for Cimpress's earnings, but they are also exposed to the risk that the company may not be able to sustain its growth rate or improve its profitability. The low EV/EBITDA ratio suggests that the company's enterprise value is relatively low compared to its EBITDA, which could be attractive to value investors. However, it is important to consider the company's debt levels and capital structure when interpreting this metric.
The absence of Free Cash Flow data makes it difficult to assess the company's intrinsic value using discounted cash flow analysis. Free cash flow is a key metric for valuing companies, as it represents the cash flow available to investors after all operating expenses and capital expenditures have been paid. Without this data, it is challenging to determine whether Cimpress is generating sufficient cash flow to justify its current valuation.
Considering the company's strong revenue growth, weak profitability, and mixed valuation metrics, it is difficult to conclude whether the stock is cheap, fair, or expensive. The high P/E ratio suggests that the stock is relatively expensive, while the low EV/EBITDA ratio indicates that it may be undervalued. The absence of Free Cash Flow data adds further uncertainty to the valuation assessment. Overall, a Hold rating is warranted, reflecting the balanced risk-reward profile of the stock.
Risk & Uncertainty
Cimpress faces several specific, idiosyncratic risks that could negatively impact its business and financial performance. One of the primary risks is intense competition in the mass customization market. The industry is fragmented, with numerous players offering similar products and services. This competition could lead to price wars, reduced margins, and loss of market share for Cimpress. The company must continuously innovate and differentiate its offerings to maintain its competitive edge.
Another significant risk is the company's reliance on technology and its ability to adapt to changing customer preferences. Cimpress invests heavily in its technology platform, but there is a risk that its technology could become obsolete or that competitors could develop superior technologies. The company must also stay abreast of changing customer preferences and adapt its product offerings and marketing strategies accordingly. Failure to do so could result in declining sales and loss of market share.
Supply chain disruptions pose another risk to Cimpress's business. The company relies on a global supply chain to source raw materials and manufacture its products. Disruptions to the supply chain, such as natural disasters, political instability, or trade disputes, could lead to increased costs, delays in production, and reduced sales. Cimpress must diversify its supply chain and implement risk management strategies to mitigate this risk.
The company's liquidity position, as indicated by the low current ratio of 0.68, is also a concern. This could limit Cimpress's ability to invest in growth initiatives or weather economic downturns. The company must improve its liquidity position by increasing its cash flow and reducing its debt levels.
Bulls Say / Bears Say
The Bull Case
BULL VIEWCimpress's strong revenue growth demonstrates its ability to capture market share in the expanding mass customization market, indicating a positive trajectory for future earnings.
BULL VIEWThe company's low EV/EBITDA ratio suggests that it is undervalued compared to its peers, presenting an attractive entry point for investors seeking value.
BULL VIEWCimpress's investments in technology and automation will drive further cost efficiencies and improve its competitive positioning, leading to higher profitability.
The Bear Case
BEAR VIEWCimpress's negative ROE and inconsistent net income raise concerns about its ability to generate sustainable profits, making it a risky investment.
BEAR VIEWThe company's low current ratio indicates potential liquidity issues, which could constrain its ability to invest in growth or weather economic downturns.
BEAR VIEWIntense competition in the mass customization market could lead to price wars and reduced margins, negatively impacting Cimpress's financial performance.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score CMPR and 4,400+ other equities.
CIMPRESS plc exhibits a 118% valuation discount relative to institutional benchmarks. This represents a constructive entry window based on current multiples.
Return on Assets
Efficiency of asset utilization
5.2%
Sector: 3.3%
Gross Margin
Pricing power and cost efficiency
47.1%
Sector: 35.8%
Operating Margin
Core business profitability
7.0%
Sector: 6.2%
Net Margin
Bottom-line profitability
2.8%
Sector: 3.9%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
