Cenergy Holdings
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Cenergy Holdings SA manufactures and sells steel pipes and cables worldwide. The last earnings update was 83 days ago. More info.
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9CN Share Price and Events
7 Day Returns
1 Year Returns
9CN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Cenergy Holdings (9CN) | 0% | -5.7% | 19.9% | 16.7% | - | - |
| DE Electrical | -1.8% | 10.3% | 4.3% | 5.6% | -33.7% | -22.7% |
| DE Market | -1% | 2.1% | -1.8% | -6.2% | 10.4% | 12.6% |
1 Year Return vs Industry and Market
- 9CN outperformed the Electrical industry which returned 5.6% over the past year.
- 9CN outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
Related Companies
Sorry, no analysis for Cenergy Holdings's competitors could be found in our database.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
- It is not possible to calculate the future cash flow value for Cenergy Holdings. This is due to cash flow or dividend data being unavailable. The share price is €1.386.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Cenergy Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Cenergy Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €0.04 |
| ENXTBR:CENER Share Price ** | ENXTBR (2019-07-16) in EUR | €1.5 |
| Germany Electrical Industry PE Ratio | Median Figure of 10 Publicly-Listed Electrical Companies | 36.4x |
| Germany Market PE Ratio | Median Figure of 419 Publicly-Listed Companies | 19.92x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Cenergy Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTBR:CENER Share Price ÷ EPS (both in EUR) = 1.5 ÷ 0.04 |
41.58x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cenergy Holdings is overvalued based on earnings compared to the DE Electrical industry average.
- Cenergy Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does
Cenergy Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 41.58x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| Germany Electrical Industry PEG Ratio | Median Figure of 7 Publicly-Listed Electrical Companies | 1x |
| Germany Market PEG Ratio | Median Figure of 270 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Cenergy Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Cenergy Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €1.07 |
| ENXTBR:CENER Share Price * | ENXTBR (2019-07-16) in EUR | €1.5 |
| Germany Electrical Industry PB Ratio | Median Figure of 16 Publicly-Listed Electrical Companies | 2.32x |
| Germany Market PB Ratio | Median Figure of 565 Publicly-Listed Companies | 1.75x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTBR:CENER Share Price ÷ Book Value per Share (both in EUR) = 1.5 ÷ 1.07 |
1.41x |
* Primary Listing of Cenergy Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cenergy Holdings is good value based on assets compared to the DE Electrical industry average.
Value checks
We assess Cenergy Holdings's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check) Cenergy Holdings has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
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 Cenergy Holdings 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Cenergy Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Cenergy Holdings's earnings growth to the Germany market average as no estimate data is available.
- Unable to compare Cenergy Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| Germany Electrical Industry Earnings Growth Rate | Market Cap Weighted Average | 76.5% |
| Germany Electrical Industry Revenue Growth Rate | Market Cap Weighted Average | 12.6% |
| Germany Market Earnings Growth Rate | Market Cap Weighted Average | 12.1% |
| Germany Market Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 964 | -41 | 7 |
| 2018-09-30 | 894 | -33 | 1 |
| 2018-06-30 | 824 | -24 | -5 |
| 2018-03-31 | 791 | -2 | -5 |
| 2017-12-31 | 758 | 21 | -5 |
| 2017-09-30 | 739 | 23 | -7 |
| 2017-06-30 | 719 | 25 | -10 |
| 2017-03-31 | 705 | 9 | -7 |
| 2016-12-31 | 692 | -6 | -4 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (6 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Cenergy Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.04 |
| 2018-09-30 | 0.00 |
| 2018-06-30 | -0.03 |
| 2018-03-31 | -0.03 |
| 2017-12-31 | -0.03 |
| 2017-09-30 | -0.04 |
| 2017-06-30 | -0.05 |
| 2017-03-31 | -0.04 |
| 2016-12-31 | -0.02 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Cenergy Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Cenergy Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Cenergy Holdings has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Cenergy Holdings performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Insufficient data to establish if Cenergy Holdings's year on year earnings growth rate was positive over the past 5 years.
- Cenergy Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Cenergy Holdings has become profitable in the last year making it difficult to compare the DE Electrical industry average.
Earnings and Revenue History
All data from Cenergy Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 963.80 | 6.86 | 35.88 | |
| 2018-09-30 | 893.85 | 0.95 | 35.07 | |
| 2018-06-30 | 823.91 | -4.97 | 33.93 | |
| 2018-03-31 | 791.11 | -4.86 | 32.73 | |
| 2017-12-31 | 758.32 | -4.76 | 31.86 | |
| 2017-09-30 | 738.63 | -7.32 | 30.94 | |
| 2017-06-30 | 718.95 | -9.87 | 30.02 | |
| 2017-03-31 | 705.36 | -6.81 | 30.26 | |
| 2016-12-31 | 691.78 | -3.74 | 30.49 | |
| 2015-12-31 | 774.79 | 7.74 | 29.12 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Cenergy Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Cenergy Holdings used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
- Cenergy Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Cenergy Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Cenergy Holdings has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Cenergy Holdings's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Cenergy Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- Cenergy Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Cenergy Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Cenergy Holdings Company Filings, last reported 6 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 203.30 | 537.01 | 65.20 |
| 2018-09-30 | 203.30 | 537.01 | 65.20 |
| 2018-06-30 | 195.08 | 492.60 | 41.14 |
| 2018-03-31 | 195.08 | 492.60 | 41.14 |
| 2017-12-31 | 200.22 | 447.45 | 69.44 |
| 2017-09-30 | 200.22 | 447.45 | 69.44 |
| 2017-06-30 | 203.63 | 426.93 | 33.26 |
| 2017-03-31 | 203.63 | 426.93 | 33.26 |
| 2016-12-31 | 206.46 | 446.50 | 71.33 |
| 2015-12-31 | 209.10 | 377.45 | 37.67 |
- Cenergy Holdings's level of debt (265%) compared to net worth is high (greater than 40%).
- Unable to establish if Cenergy Holdings's debt level has increased without past 5-year debt data.
- Operating cash flow is negative therefore debt is not well covered.
- Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Cenergy Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Cenergy Holdings has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Cenergy Holdings's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Cenergy Holdings
shares you are expected to receive
€0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Cenergy Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Cenergy Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Germany Electrical Industry Average Dividend Yield | Market Cap Weighted Average of 6 Stocks | 2.9% |
| Germany Market Average Dividend Yield | Market Cap Weighted Average of 325 Stocks | 3.1% |
| Germany Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| Germany Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| Germany Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Cenergy Holdings has not reported any payouts.
- Unable to verify if Cenergy Holdings's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Cenergy Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Cenergy Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Cenergy Holdings has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €0 |
CEO Bio
Mr. Alexis Alexiou serves as Co-Chief Executive Officer of Cenergy Holdings S.A. Mr. Alexiou has been General Manager and executive member of the board of directors for the Hellenic Cables Group, a member of Viohalco since 2009. He has been working for Viohalco as of 1996. With more than 16 years of experience in the finance and cables technology sectors, he joined Viohalco as internal auditor in 1996. Since then, he has held the positions of Financial Manager of Hellenic Cables from 2002 to 2003 and General Manager of Icme Ecab from 2003 to 2008. He holds a BSc in Economics from the University of Piraeus and a MSc. in Finance from the Strathclyde University.
CEO Compensation
- Insufficient data for Alexios to compare compensation growth.
- Alexios's remuneration is lower than average for companies of similar size in Germany.
Management Team
Jacques Moulaert
President of the Board & Company Secretary
€50K
Alexios Alexiou
Co-Chief Executive Officer
Dimitrios Kiriakopoulos
Executive VP & Director
€25K
Ilias Bekiros
Co-Chief Executive Officer
0.5 yrs
Alexandros Benos
Chief Financial Officer
53
Sofia Zairi
Head of Investor Relations
Board of Directors Tenure
Average tenure of the Cenergy Holdings board of directors in years:
- The tenure for the Cenergy Holdings board of directors is about average.
Board of Directors
Dimitrios Kiriakopoulos
Executive VP & Director
€25K
2.1 yrs
Xavier Bedoret
Non-Executive Director
€50K
3.5 yrs
Jacques Moulaert
President of the Board & Company Secretary
€50K
3.5 yrs
Simon Macvicker
Non-Executive Director
€50K
3.5 yrs
Joseph Rutkowski
Non-Executive & Independent Director
€50K
64
3.5 yrs
William Gallagher
Non-Executive & Independent Director
€50K
3.5 yrs
Manuel Iraola
Non-Executive Director
€38K
70
1.8 yrs
Rudolf Wiedenmann
Non-Executive Director
€13K
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Cenergy Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Cenergy Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
Cenergy Holdings SA manufactures and sells steel pipes and cables worldwide. It operates in two segments, Cables and Steel Pipes. The company offers high and extra high voltage submarine and land cables, low and medium voltage power cables, and overhead conductors for electric power distribution networks, as well as services, including turnkey, technical support, logistics, training, spare part, installation, repairs and replacement, and site acceptance test. It also provides products for the oil and gas industry, including steel pipes for onshore/offshore pipelines, offshore cables, parts for exploratory drilling, welding consumables, elements for oil and gas platforms, and LNG storage tanks. In addition, the company offers copper and fiber optic telecommunication cables for indoor or outdoor, submarine, underground, or aerial installation; instrumentation and control cables; railway, signaling, and pilot cables; and data transmission cables. Further, it offers products for the construction sector and automotive industry, such as structural elements and steel reinforcement systems for architectural, industrial, and infrastructure applications; cables for industrial applications; hollow sections; tubes; and pilling applications, as well as enameled copper and aluminum wires. Additionally, the company provides steel pipes, flexible static and dynamic submarine polyethylene pipes, and steel armored pipes used for the transportation of water and other liquids to final consumption; and steel pipes for the transportation of mineral concentrate from mines to processing plants and slurry. It serves oil and gas transportation and drilling, telecommunication and data transmission, construction and industrial, and other markets, as well as power transmission and distribution, and renewables. Cenergy Holdings SA was founded in 1949 and is headquartered in Brussels, Belgium.
Details
| Name: | Cenergy Holdings SA |
| 9CN | |
| Exchange: | BST |
| Founded: | 1949 |
| €285,244,021 | |
| 190,162,681 | |
| Website: | http://www.cenergyholdings.com |
| Address: |
Cenergy Holdings SA Avenue Marnix 30, Brussels, Brussels, 1000, Belgium |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTBR | CENER | Ordinary Shares | Euronext Brussels | BE | EUR | 21. Dec 2016 | |
| BST | 9CN | Ordinary Shares | Boerse-Stuttgart | DE | EUR | 21. Dec 2016 | |
| ATSE | CENER | Ordinary Shares | The Athens Stock Exchange | GR | EUR | 21. Dec 2016 |
Number of employees
Current staff
Industry
| Electrical Components and Equipment | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/16 22:12 |
| End of day share price update: | 2019/07/16 00:00 |
| Last estimates confirmation: | 2018/03/22 |
| Last earnings filing: | 2019/04/24 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
