XTRA:CSQ

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Limited growth 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.0%

CSQ

4.5%

DE Diversified Financial

0.8%

DE Market


1 Year Return

-25.1%

CSQ

26.7%

DE Diversified Financial

9.0%

DE Market

Return vs Industry: CSQ underperformed the German Diversified Financial industry which returned 26.7% over the past year.

Return vs Market: CSQ underperformed the German Market which returned 9% over the past year.


Shareholder returns

CSQIndustryMarket
7 Day1.0%4.5%0.8%
30 Day-10.5%10.2%6.3%
90 Day-16.4%22.6%14.4%
1 Year-25.1%-25.1%27.6%26.7%12.4%9.0%
3 Yearn/a123.4%118.1%25.6%14.5%
5 Yearn/a357.0%338.6%41.0%21.8%

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?

7.58x

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 (7.6x) 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?

24.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSQ is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CSQ is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CSQ is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CSQ's revenue (34.3% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: CSQ's revenue (34.3% 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 (19.1%).


Next Steps

Past Performance

How has creditshelf performed over the past 5 years?

-64.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSQ has a high level of non-cash earnings.

Growing Profit Margin: CSQ's current net profit margins (-204.2%) are lower than last year (-87.1%).


Past Earnings Growth Analysis

Earnings Trend: CSQ is unprofitable, and losses have increased over the past 5 years at a rate of -64% 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 (8.8%).


Return on Equity

High ROE: CSQ has a negative Return on Equity (-84.44%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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 143.6x 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 sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CSQ has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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

companyn/amarketbottom25%1.4%markettop25%3.6%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

What is the CEO of creditshelf's salary, the management and board of directors tenure and is there insider trading?


CEO

Tim Thabe 0

0yrs

Tenure

0

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. 


Insider Trading

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.


Management Team

  • Gregor Heinrich

    Chief Technology Officer

    • Tenure: 0.8yrs
  • Tim Thabe

    Co-Founder

    • Tenure: 0yrs
  • Lukas Lang

    Head of Sales

    • Tenure: 0yrs
  • Daniel Bartsch

    Founding Partner

    • Tenure: 0yrs
  • Mark Währisch

    MD, Member of Management Board & Chief Risk Officer

    • Tenure: 0yrs
  • Fabian Brügmann

    Chief Financial Officer

    • Tenure: 0.8yrs
  • Birgit Hass

    Head of Marketing & Communication

    • Tenure: 0yrs
  • Jan Stechele

    Head of Product Management

    • Tenure: 0yrs
  • Sebastian Seibold

    Head of Business Development

    • Tenure: 0yrs

Board Members

  • Rolf Elgeti (43yo)

    Chairman of the Supervisory Board

    • Tenure: 0yrs

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: €67.894m
  • Shares outstanding: 1.33m
  • 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 Analysis2019/11/12 22:13
End of Day Share Price2019/11/12 00:00
Earnings2019/06/30
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.