XTRA:CSQ

Stock Analysis Report

Executive Summary

creditshelf Aktiengesellschaft operates as an online SME financing company in Germany.


Snowflake Analysis

High growth potential with worrying balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CSQ has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.4%

CSQ

0.07%

DE Diversified Financial

2.2%

DE Market


1 Year Return

-11.5%

CSQ

-19.9%

DE Diversified Financial

-17.2%

DE Market

Return vs Industry: CSQ exceeded the German Diversified Financial industry which returned -19.9% over the past year.

Return vs Market: CSQ exceeded the German Market which returned -17.2% over the past year.


Shareholder returns

CSQIndustryMarket
7 Day-4.4%0.07%2.2%
30 Day6.9%-26.6%-15.7%
90 Day2.9%-32.1%-24.0%
1 Year-11.5%-11.5%-19.3%-19.9%-14.9%-17.2%
3 Yearn/a32.2%29.1%-16.4%-23.3%
5 Yearn/a133.6%124.4%-16.5%-27.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

9.4x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: CSQ is unprofitable, so we can't compare its PE Ratio to the Diversified Financial industry average.

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CSQ is overvalued based on its PB Ratio (9.4x) compared to the DE Diversified Financial industry average (4.8x).


Next Steps

Future Growth

How is creditshelf forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

61.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).

Earnings vs Market: CSQ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CSQ's is expected to become profitable in the next 3 years.

Revenue vs Market: CSQ's revenue (39.2% per year) is forecast to grow faster than the German market (4.1% per year).

High Growth Revenue: CSQ's revenue (39.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CSQ's Return on Equity is forecast to be low in 3 years time (13.3%).


Next Steps

Past Performance

How has creditshelf performed over the past 5 years?

-61.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSQ is currently unprofitable.

Growing Profit Margin: CSQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CSQ is unprofitable, and losses have increased over the past 5 years at a rate of -61.8% per year.

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

Earnings vs Industry: CSQ is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (6.9%).


Return on Equity

High ROE: CSQ has a negative Return on Equity (-108.56%), as it is currently unprofitable.


Next Steps

Financial Health

How is creditshelf's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CSQ has a low level of unsold assets or inventory.

Debt Coverage by Assets: CSQ's debt is covered by short term assets (assets are 69.7x debt).


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: CSQ has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CSQ has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of -55.4% each year.


Financial Institutions Analysis

Asset Level: CSQ's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if CSQ has a sufficient allowance for bad loans.

Low Risk Liabilities: CSQ reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CSQ has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CSQ has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CSQ has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if CSQ'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 CSQ's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Tim Thabe

no data

Tenure

Dr. Tim Thabe is a Co-Founder at creditshelf Aktiengesellschaft and serves as its CEO. Dr. Thabe serves as Chairman of the Management Board at creditshelf Aktiengesellschaft. 


Leadership Team

NamePositionTenureCompensationOwnership
Tim Thabe
Co-Founderno datano datano data
Daniel Bartsch
Founding Partnerno datano datano data
Fabian Brügmann
Chief Financial Officer1.25yrsno datano data
Mark Währisch
Chief Risk Officer & Member of Management Boardno datano datano data
Gregor Heinrich
Chief Technology Officer1.25yrsno datano data
Birgit Hass
Head of Marketing & Communicationno datano datano data
Lukas Lang
Head of Salesno datano datano data
Jan Stechele
Head of Product Management0.42yrno datano data
Sebastian Seibold
Head of Business Development0.42yrno datano data

0.8yrs

Average Tenure

Experienced Management: CSQ's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Joachim Rauhut
Member of Supervisory Board1.83yrsno datano data
Pedro Coelho
Member of Supervisory Board1.83yrsno datano data
Rolf Elgeti
Chairman of the Supervisory Board1.92yrsno data0.069% 50.3k
Rolf Hentschel
Deputy Chairman of the Supervisory Board1.92yrsno datano data
Dirk Schiereck
Member of the supervisory board1.92yrsno datano data
Julia Heraeus-Rinnert
Member of the Supervisory Board1.92yrsno datano data

1.9yrs

Average Tenure

Experienced Board: CSQ's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


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

creditshelf Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: creditshelf Aktiengesellschaft
  • Ticker: CSQ
  • Exchange: XTRA
  • Founded: 2014
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Market Cap: €73.458m
  • Shares outstanding: 1.36m
  • Website: https://www.creditshelf.com

Number of Employees


Location

  • creditshelf Aktiengesellschaft
  • Mainzer Landstrasse 33a
  • Frankfurt am Main
  • Hessen
  • 60329
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSQXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJul 2018
CSQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2018

Biography

creditshelf Aktiengesellschaft operates as an online SME financing company in Germany. The company was founded in 2014 and is based in Frankfurt am Main, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 02:23
End of Day Share Price2020/03/31 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.