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CQ2

Cannae Holdings DB:CQ2 Stock Report

Last Price

US$22.00

Market Cap

US$2.4b

7D

0.9%

1Y

-33.3%

Updated

22 Apr, 2022

Data

Company Financials +
CQ2 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

CQ2 Stock Overview

Cannae Holdings, Inc. is a principal investment firm.

Cannae Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cannae Holdings
Historical stock prices
Current Share PriceUS$22.00
52 Week HighUS$33.00
52 Week LowUS$21.00
Beta0.80
1 Month Change1.85%
3 Month Change-19.12%
1 Year Change-33.33%
3 Year Change-3.04%
5 Year Changen/a
Change since IPO38.19%

Recent News & Updates

Shareholder Returns

CQ2DE Diversified FinancialDE Market
7D0.9%-7.3%2.3%
1Y-33.3%-25.3%-8.8%

Return vs Industry: CQ2 underperformed the German Diversified Financial industry which returned -25.3% over the past year.

Return vs Market: CQ2 underperformed the German Market which returned -8.8% over the past year.

Price Volatility

Is CQ2's price volatile compared to industry and market?
CQ2 volatility
CQ2 Average Weekly Movement7.4%
Diversified Financial Industry Average Movement5.8%
Market Average Movement6.3%
10% most volatile stocks in DE Market10.2%
10% least volatile stocks in DE Market3.4%

Stable Share Price: CQ2 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CQ2's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201412,938Rick Masseyhttps://www.cannaeholdings.com

Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes.

Cannae Holdings Fundamentals Summary

How do Cannae Holdings's earnings and revenue compare to its market cap?
CQ2 fundamental statistics
Market CapUS$2.55b
Earnings (TTM)-US$287.00m
Revenue (TTM)US$742.20m

3.4x

P/S Ratio

-8.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CQ2 income statement (TTM)
RevenueUS$742.20m
Cost of RevenueUS$697.50m
Gross ProfitUS$44.70m
Other ExpensesUS$331.70m
Earnings-US$287.00m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.65
Gross Margin6.02%
Net Profit Margin-38.67%
Debt/Equity Ratio1.4%

How did CQ2 perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CQ2 (€22) is trading below our estimate of fair value (€94.72)

Significantly Below Fair Value: CQ2 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CQ2 is unprofitable, so we can't compare its PE Ratio to the German Diversified Financial industry average.

PE vs Market: CQ2 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 CQ2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CQ2 is good value based on its PB Ratio (0.8x) compared to the DE Diversified Financial industry average (3.5x).


Future Growth

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

135.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CQ2 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.05%).

Earnings vs Market: CQ2 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CQ2's is expected to become profitable in the next 3 years.

Revenue vs Market: CQ2's revenue (11.3% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: CQ2's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CQ2's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Cannae Holdings performed over the past 5 years?

52.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CQ2 is currently unprofitable.

Growing Profit Margin: CQ2 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CQ2 is unprofitable, but has reduced losses over the past 5 years at a rate of 52.6% per year.

Accelerating Growth: Unable to compare CQ2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CQ2 is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (7.6%).


Return on Equity

High ROE: CQ2 has a negative Return on Equity (-8.57%), as it is currently unprofitable.


Financial Health

How is Cannae Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CQ2's short term assets ($121.6M) do not cover its short term liabilities ($179.5M).

Long Term Liabilities: CQ2's short term assets ($121.6M) do not cover its long term liabilities ($369.0M).


Debt to Equity History and Analysis

Debt Level: CQ2 has more cash than its total debt.

Reducing Debt: CQ2's debt to equity ratio has reduced from 10.5% to 1.4% over the past 5 years.

Debt Coverage: CQ2's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if CQ2's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CQ2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CQ2'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 CQ2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CQ2's dividend payments have been increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CQ2 has not reported any payouts.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Rick Massey (65 yo)

2.42yrs

Tenure

US$1

Compensation

Mr. Richard Nelson Massey, also known as Rick, is Director at Alight Solutions LLC. He has been Director of Alight, Inc. since July 2021. Mr. Massey served as the Chief Executive Officer of Austerlitz Acqu...


CEO Compensation Analysis

Compensation vs Market: Rick's total compensation ($USD1.00) is below average for companies of similar size in the German market ($USD1.98M).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CQ2's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: CQ2's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CQ2 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.2%.


Top Shareholders

Company Information

Cannae Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cannae Holdings, Inc.
  • Ticker: CQ2
  • Exchange: DB
  • Founded: 2014
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Implied Market Cap: US$2.553b
  • Listing Market Cap: US$2.368b
  • Shares outstanding: 108.31m
  • Website: https://www.cannaeholdings.com

Number of Employees


Location

  • Cannae Holdings, Inc.
  • 1701 Village Center Circle
  • Las Vegas
  • Nevada
  • 89134-6368
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/22 00:00
End of Day Share Price2022/04/21 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.