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CIN

Carlton Investments ASX:CIN Stock Report

Last Price

AU$28.35

Market Cap

AU$766.4m

7D

-2.9%

1Y

-7.3%

Updated

30 Jun, 2022

Data

Company Financials
CIN fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends2/6

CIN Stock Overview

Carlton Investments Limited is a publicly owned asset management holding company.

Carlton Investments Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Carlton Investments
Historical stock prices
Current Share PriceAU$28.35
52 Week HighAU$33.80
52 Week LowAU$28.90
Beta0.82
1 Month Change-11.41%
3 Month Change-11.96%
1 Year Change-7.32%
3 Year Change-9.19%
5 Year Change-11.41%
Change since IPO379.77%

Recent News & Updates

Feb 18
Carlton Investments' (ASX:CIN) Shareholders Will Receive A Bigger Dividend Than Last Year

Carlton Investments' (ASX:CIN) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Carlton Investments Limited ( ASX:CIN ) has announced that it will be increasing its dividend by 54% on...

Shareholder Returns

CINAU Capital MarketsAU Market
7D-2.9%2.6%2.8%
1Y-7.3%-8.3%-9.6%

Return vs Industry: CIN matched the Australian Capital Markets industry which returned -8.3% over the past year.

Return vs Market: CIN exceeded the Australian Market which returned -9.6% over the past year.

Price Volatility

Is CIN's price volatile compared to industry and market?
CIN volatility
CIN Average Weekly Movement2.7%
Capital Markets Industry Average Movement5.9%
Market Average Movement9.8%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: CIN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CIN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19282n/ahttps://www.carltoninvestments.com.au

Carlton Investments Limited is a publicly owned asset management holding company. Through its subsidiaries, the firm manages separate client-focused equity portfolios. It invests in the public equity markets of Australia through its subsidiaries.

Carlton Investments Fundamentals Summary

How do Carlton Investments's earnings and revenue compare to its market cap?
CIN fundamental statistics
Market CapAU$766.44m
Earnings (TTM)AU$27.54m
Revenue (TTM)AU$29.53m

27.3x

P/E Ratio

25.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIN income statement (TTM)
RevenueAU$29.53m
Cost of RevenueAU$0
Gross ProfitAU$29.53m
Other ExpensesAU$1.99m
EarningsAU$27.54m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 16, 2022

Earnings per share (EPS)1.04
Gross Margin100.00%
Net Profit Margin93.27%
Debt/Equity Ratio0.02%

How did CIN perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

78%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIN?

Other financial metrics that can be useful for relative valuation.

CIN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue25.2x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CIN's PE Ratio compare to its peers?

CIN PE Ratio vs Peers
The above table shows the PE ratio for CIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.7x
DJW Djerriwarrh Investments
16.1xn/aAU$697.2m
DUI Diversified United Investment
26.4xn/aAU$985.3m
AUI Australian United Investment
22xn/aAU$1.2b
MIR Mirrabooka Investments
77xn/aAU$560.9m
CIN Carlton Investments
27.3xn/aAU$766.4m

Price-To-Earnings vs Peers: CIN is good value based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (35.7x).


Price to Earnings Ratio vs Industry

How does CIN's PE Ratio compare vs other companies in the AU Capital Markets Industry?

Price-To-Earnings vs Industry: CIN is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the Australian Capital Markets industry average (14.9x)


Price to Earnings Ratio vs Fair Ratio

What is CIN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CIN's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CIN (A$28.35) is trading above our estimate of fair value (A$23.59)

Significantly Below Fair Value: CIN is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CIN's PEG Ratio to determine if it is good value.


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Future Growth

How is Carlton Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.9%

Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Carlton Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine Carlton Investments's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Carlton Investments competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Carlton Investments performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-9.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CIN has high quality earnings.

Growing Profit Margin: CIN's current net profit margins (93.3%) are lower than last year (95.9%).


Past Earnings Growth Analysis

Earnings Trend: CIN's earnings have declined by 9.6% per year over the past 5 years.

Accelerating Growth: CIN's earnings growth over the past year (13.8%) exceeds its 5-year average (-9.6% per year).

Earnings vs Industry: CIN earnings growth over the past year (13.8%) underperformed the Capital Markets industry 42.7%.


Return on Equity

High ROE: CIN's Return on Equity (3.1%) is considered low.


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Financial Health

How is Carlton Investments's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CIN's short term assets (A$22.0M) exceed its short term liabilities (A$376.0K).

Long Term Liabilities: CIN's short term assets (A$22.0M) do not cover its long term liabilities (A$191.3M).


Debt to Equity History and Analysis

Debt Level: CIN has more cash than its total debt.

Reducing Debt: CIN's debt to equity ratio has reduced from 0.02% to 0.02% over the past 5 years.

Debt Coverage: CIN's debt is well covered by operating cash flow (16719.9%).

Interest Coverage: CIN's interest payments on its debt are well covered by EBIT (2383.8x coverage).


Balance Sheet


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Dividend

What is Carlton Investments's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CIN's dividend (2.36%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.73%).

High Dividend: CIN's dividend (2.36%) is low compared to the top 25% of dividend payers in the Australian market (6.9%).


Stability and Growth of Payments

Stable Dividend: CIN's dividend payments have been volatile in the past 10 years.

Growing Dividend: CIN's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (77.9%), CIN's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (63.9%), CIN's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

15.0yrs

Average board tenure


CEO

Carlton Investments has no CEO, or we have no data on them.


Board Members

Experienced Board: CIN's board of directors are seasoned and experienced ( 15 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Carlton Investments Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Carlton Investments Limited
  • Ticker: CIN
  • Exchange: ASX
  • Founded: 1928
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: AU$766.442m
  • Shares outstanding: 26.47m
  • Website: https://www.carltoninvestments.com.au

Number of Employees


Location

  • Carlton Investments Limited
  • 478 George Street
  • Level 15
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/30 00:00
End of Day Share Price2022/06/30 00:00
Earnings2021/12/31
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.