TSXV:CEP

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Cliffside Capital Ltd., through CAL LP and ACC LP III, invests in retail sales contracts originated by CanCap Management Inc. More Details


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has Cliffside Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CEP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

CEP

0.4%

CA Capital Markets

0.07%

CA Market


1 Year Return

-64.3%

CEP

-5.3%

CA Capital Markets

-3.6%

CA Market

Return vs Industry: CEP underperformed the Canadian Capital Markets industry which returned -5.3% over the past year.

Return vs Market: CEP underperformed the Canadian Market which returned -3.6% over the past year.


Shareholder returns

CEPIndustryMarket
7 Day0%0.4%0.07%
30 Day0%2.4%2.1%
90 Dayn/a-1.4%1.8%
1 Year-64.3%-64.3%-3.2%-5.3%-0.09%-3.6%
3 Year-61.5%-61.5%22.5%13.9%3.7%-6.1%
5 Year-28.6%-28.6%49.4%30.2%31.1%11.6%

Price Volatility Vs. Market

How volatile is Cliffside Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cliffside Capital undervalued compared to its fair value and its price relative to the market?

0.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CEP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CEP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CEP is unprofitable, so we can't compare its PE Ratio to the CA Capital Markets industry average.

PE vs Market: CEP is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CEP is good value based on its PB Ratio (0.9x) compared to the CA Capital Markets industry average (1x).


Next Steps

Future Growth

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

56.0%

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 Cliffside Capital 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.


Next Steps

Past Performance

How has Cliffside Capital performed over the past 5 years?

-66.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEP is currently unprofitable.

Growing Profit Margin: CEP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CEP is unprofitable, and losses have increased over the past 5 years at a rate of 66.9% per year.

Accelerating Growth: Unable to compare CEP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CEP is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (27.9%).


Return on Equity

High ROE: CEP has a negative Return on Equity (-50.69%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cliffside Capital's financial position?


Financial Position Analysis

Short Term Liabilities: CEP's short term assets (CA$127.4M) exceed its short term liabilities (CA$2.6M).

Long Term Liabilities: CEP's short term assets (CA$127.4M) exceed its long term liabilities (CA$119.6M).


Debt to Equity History and Analysis

Debt Level: CEP's debt to equity ratio (2244.3%) is considered high.

Reducing Debt: Insufficient data to determine if CEP's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable CEP has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CEP is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 34.6% per year.


Next Steps

Dividend

What is Cliffside Capital current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CEP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CEP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CEP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CEP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CEP's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

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

6.8yrs

Average board tenure


CEO

Steve Malone

2.42yrs

Tenure

CA$149,174

Compensation

Mr. Stephen R. Malone, also known as Steve, has been Chief Executive Officer of Cliffside Capital Ltd. since May 22, 2018. Mr. Malone has significant leadership experience in the Canadian financial service ...


Board Members

NamePositionTenureCompensationOwnership
Stephen Malone
CEO & Director2.42yrsCA$149.17kno data
Michael Stein
Chairman of the Boardno datano data29.76%
CA$ 1.1m
Mark H. Newman
Director7yrsno data8.07%
CA$ 301.8k
Todd Skinner
Directorno datano datano data
Keith Ray
Independent Director6.83yrsCA$14.92k10.92%
CA$ 408.3k

6.8yrs

Average Tenure

Experienced Board: CEP's board of directors are considered experienced (6.8 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

Cliffside Capital Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cliffside Capital Ltd.
  • Ticker: CEP
  • Exchange: TSXV
  • Founded: 2013
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$3.738m
  • Shares outstanding: 74.77m
  • Website: https://www.cliffsidecapital.ca

Location

  • Cliffside Capital Ltd.
  • 11 Church Street
  • Suite 200
  • Toronto
  • Ontario
  • M5E 1W1
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEPTSXV (TSX Venture Exchange)YesCommon SharesCACADApr 2014

Biography

Cliffside Capital Ltd., through CAL LP and ACC LP III, invests in retail sales contracts originated by CanCap Management Inc. and secured by collateral charges on motor vehicles. Cliffside Capital Ltd. was ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 23:45
End of Day Share Price2020/10/05 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.