DB:0NY

Stock Analysis Report

Codemasters Group Holdings

Executive Summary

Codemasters Group Holdings Plc, together with its subsidiaries, develops and sells racing games in the United Kingdom and internationally.

Rewards

PE ratio (16.9x) is below the German market (20.7x)

Earnings are forecast to grow 7.57% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings



Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

How has Codemasters Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 0NY has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

7.9%

0NY

-1.7%

DE Entertainment

1.0%

DE Market


1 Year Return

72.4%

0NY

45.2%

DE Entertainment

14.2%

DE Market

Return vs Industry: 0NY exceeded the German Entertainment industry which returned 45.2% over the past year.

Return vs Market: 0NY exceeded the German Market which returned 14.2% over the past year.


Shareholder returns

0NYIndustryMarket
7 Day7.9%-1.7%1.0%
30 Day21.1%-1.2%0.04%
90 Day23.6%6.8%6.0%
1 Year72.4%72.4%47.2%45.2%17.8%14.2%
3 Yearn/a55.9%47.9%19.2%8.7%
5 Yearn/a34.1%28.0%36.0%17.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

16.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 0NY (€2.99) is trading above our estimate of fair value (€2.31)

Significantly Below Fair Value: 0NY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 0NY is good value based on its PE Ratio (16.9x) compared to the Entertainment industry average (40.9x).

PE vs Market: 0NY is good value based on its PE Ratio (16.9x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: 0NY is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: 0NY is overvalued based on its PB Ratio (6x) compared to the DE Entertainment industry average (1.3x).


Next Steps

Future Growth

How is Codemasters Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 0NY's forecast earnings growth (7.6% per year) is above the savings rate (-0.4%).

Earnings vs Market: 0NY's earnings (7.6% per year) are forecast to grow slower than the German market (13.2% per year).

High Growth Earnings: 0NY's earnings are forecast to grow, but not significantly.

Revenue vs Market: 0NY's revenue (12.6% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: 0NY's revenue (12.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 0NY's Return on Equity is forecast to be high in 3 years time (21.1%)


Next Steps

Past Performance

How has Codemasters Group Holdings performed over the past 5 years?

65.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 0NY has a high level of non-cash earnings.

Growing Profit Margin: 0NY became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 0NY has become profitable over the past 5 years, growing earnings by 65.4% per year.

Accelerating Growth: 0NY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 0NY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (17.4%).


Return on Equity

High ROE: 0NY's Return on Equity (35.6%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Codemasters Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 0NY's short term assets (£39.2M) exceed its short term liabilities (£18.7M).

Long Term Liabilities: 0NY's short term assets (£39.2M) exceed its long term liabilities (£4.0M).


Debt to Equity History and Analysis

Debt Level: 0NY is debt free.

Reducing Debt: 0NY currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: 0NY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 0NY has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 0NY has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 0NY's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.2%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 0NY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 0NY'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 0NY's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 0NY'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 0NY'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 Codemasters Group Holdings's salary, the management and board of directors tenure and is there insider trading?

UK£955k

CEO Compensation


CEO

Frank Sagnier (57yo)

5.9yrs

Tenure

UK£955,264

Compensation

Mr. Frank Theodore Sagnier was the Senior Vice President of Global Business Development and European Managing Director at Double Fusion, Inc. He served as the Chief Executive Officer of IsCool Entertainmen ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD1.27M) is above average for companies of similar size in the German market ($USD827.31K).

Compensation vs Earnings: Insufficient data to compare Frank's compensation with company performance.


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

  • Clive Moody

    Senior Vice President of Product Development

    • Tenure: 0yrs
  • Frank Sagnier (57yo)

    CEO & Director

    • Tenure: 5.9yrs
    • Compensation: UK£955.26k
  • Rashid Varachia (47yo)

    CFO & Director

    • Tenure: 0yrs
    • Compensation: UK£615.22k
  • William Bell

    Executive Director

    • Tenure: 0yrs

Board Members

  • Gerhard Florin (60yo)

    Independent Non-Executive Chairman

    • Tenure: 1.6yrs
    • Compensation: UK£42.36k
  • Frank Sagnier (57yo)

    CEO & Director

    • Tenure: 5.9yrs
    • Compensation: UK£955.26k
  • Rashid Varachia (47yo)

    CFO & Director

    • Tenure: 0yrs
    • Compensation: UK£615.22k
  • Ian Pierre Gomes (61yo)

    Independent Non-Executive Director

    • Tenure: 1.6yrs
    • Compensation: UK£38.36k
  • William Bell

    Executive Director

    • Tenure: 0yrs

Company Information

Codemasters Group Holdings Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Codemasters Group Holdings Plc
  • Ticker: 0NY
  • Exchange: DB
  • Founded: 2007
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: UK£393.408m
  • Listing Market Cap: UK£471.653m
  • Shares outstanding: 151.31m
  • Website: https://www.codemasters.com

Number of Employees


Location

  • Codemasters Group Holdings Plc
  • Codemasters Campus
  • Stoneythorpe
  • Southam
  • Warwickshire
  • CV47 2DL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDMAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2018
0NYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2018

Biography

Codemasters Group Holdings Plc, together with its subsidiaries, develops and sells racing games in the United Kingdom and internationally. The company’s game portfolio comprise F1 2018, an official videoga ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/13 22:39
End of Day Share Price2019/12/13 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.