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Codemasters Group Holdings

DB:0NY
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0NY
DB
£321M
Market Cap
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Last updated 2019/04/25 23:20
Company description

Codemasters Group Holdings Plc, together with its subsidiaries, develops, publishes, markets, and distributes racing video games in the United Kingdom and internationally. The last earnings update was 163 days ago. More info.

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  • Codemasters Group Holdings has significant price volatility in the past 3 months.
0NY Share Price and Events
7 Day Returns
0.8%
DB:0NY
0.1%
DE Entertainment
0.8%
DE Market
1 Year Returns
-
DB:0NY
13%
DE Entertainment
-4.5%
DE Market
0NY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Codemasters Group Holdings (0NY) 0.8% -2.1% 28.5% - - -
DE Entertainment 0.1% 5.8% 11.1% 13% 34.4% 75.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • No trading data on 0NY.
  • No trading data on 0NY.
Price Volatility
Industry
5yr Volatility vs Market

0NY Value

 Is Codemasters Group Holdings undervalued based on future cash flows and its price relative to the stock market?

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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Codemasters Group Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Codemasters Group Holdings.

DB:0NY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:0NY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.963 (1 + (1- 19%) (0.09%)) 		0.976
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.976 * 6.65%) 		6.72%

Discounted Cash Flow Calculation for DB:0NY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Codemasters Group Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:0NY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.72%)
2019 5.78 Analyst x4 5.42
2020 14.36 Analyst x4 12.61
2021 17.13 Analyst x4 14.10
2022 19.25 Est @ 12.39% 14.85
2023 20.94 Est @ 8.74% 15.13
2024 22.23 Est @ 6.19% 15.05
2025 23.21 Est @ 4.4% 14.73
2026 23.94 Est @ 3.15% 14.23
2027 24.49 Est @ 2.27% 13.64
2028 24.89 Est @ 1.66% 13.00
Present value of next 10 years cash flows £132.75
DB:0NY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £24.89 × (1 + 0.23%) ÷ (6.72% – 0.23%) 		£384.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £384.55 ÷ (1 + 6.72%)10 		£200.74
DB:0NY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £132.75 + £200.74 		£333.49
Equity Value per Share
(GBP)		 = Total value / Shares Outstanding
= £333.49 / 140.00 		£2.38
DB:0NY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:0NY represents 1.131x of AIM:CDM
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		1.131x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (GBP) x Listing Adjustment Factor
= £ 2.38 x 1.131 		€2.69
Value per share (EUR) From above. €2.69
Current discount Discount to share price of €2.59
= -1 x (€2.59 - €2.69) / €2.69 		3.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Codemasters Group Holdings is available for.
Intrinsic value
4%
Share price is €2.59 vs Future cash flow value of €2.69
Current Discount Checks
For Codemasters Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Codemasters Group Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Codemasters Group Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Codemasters Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Codemasters Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:0NY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.00
AIM:CDM Share Price ** AIM (2019-04-25) in GBP £2.29
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.26x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Codemasters Group Holdings.

DB:0NY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:CDM Share Price ÷ EPS (both in GBP)

= 2.29 ÷ 0.00

 -1423.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Codemasters Group Holdings is loss making, we can't compare its value to the DE Entertainment industry average.
  • Codemasters Group Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Codemasters Group Holdings's expected growth come at a high price?
Raw Data
DB:0NY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1423.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts		 40.5%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.75x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*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 Codemasters Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Codemasters Group Holdings's assets?
Raw Data
DB:0NY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £0.01
AIM:CDM Share Price * AIM (2019-04-25) in GBP £2.29
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.51x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:0NY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:CDM Share Price ÷ Book Value per Share (both in GBP)

= 2.29 ÷ 0.01

 386.11x

* Primary Listing of Codemasters Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Codemasters Group Holdings is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Codemasters Group Holdings's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
    5. Codemasters Group Holdings has a total score of 0/6, 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.

0NY Future Performance

 How is Codemasters Group Holdings expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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!
Annual Growth Rate
40.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Codemasters Group Holdings expected to grow at an attractive rate?
  • Codemasters Group Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Codemasters Group Holdings's earnings growth is expected to exceed the Germany market average.
  • Codemasters Group Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:0NY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:0NY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 40.5%
DB:0NY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 13.8%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
Raw Data
DB:0NY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:0NY Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 123 1
2022-03-31 102 20 3
2021-03-31 91 50 20 4
2020-03-31 82 44 16 4
2019-03-31 71 39 12 4
DB:0NY Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 54 30 -10
2018-06-30 59 36 -6
2018-03-31 64 42 -2
2017-03-31 50 27 -13
2016-03-31 31 12 -10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Codemasters Group Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Codemasters Group Holdings's revenue is expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:0NY 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 4 Analyst Estimates (S&P Global) See Below

All data from Codemasters Group Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0NY Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 0.14 0.17 0.13 3.00
2020-03-31 0.12 0.14 0.10 3.00
2019-03-31 0.07 0.09 0.03 3.00
DB:0NY Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 -0.11
2017-03-31 -0.56
2016-03-31 -0.44

*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.
  • Codemasters Group Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Show me more growth companies in the Entertainment industry
X
Future performance checks
We assess Codemasters Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Codemasters Group Holdings has a total score of 5/6, 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.

0NY Past Performance

  How has Codemasters Group 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
Below we compare Codemasters Group Holdings's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Codemasters Group Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Codemasters Group Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Codemasters Group Holdings's 1-year growth to the DE Entertainment industry average as it is not currently profitable.
Earnings and Revenue History
Codemasters Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Codemasters Group Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:0NY Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 53.93 -10.34 27.06 19.34
2018-06-30 58.75 -6.40 25.01 21.05
2018-03-31 63.57 -2.46 22.96 22.76
2017-03-31 50.06 -12.62 13.35 14.93
2016-03-31 31.00 -9.96 7.62 11.47
2015-03-31 25.56 -19.49 6.18 11.46
2014-03-31 51.97 -7.78 15.64 23.40
2013-03-31 53.24 -17.32 21.18 21.94

*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.
  • It is difficult to establish if Codemasters Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Codemasters Group Holdings used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • It is difficult to establish if Codemasters Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Codemasters Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Codemasters Group Holdings has a total score of 1/6, 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.

0NY Health

 How is Codemasters Group 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 Codemasters Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Codemasters Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Codemasters Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Codemasters Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 100.2x 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.
Raw Data

All data from Codemasters Group Holdings Company Filings, last reported 6 months ago.

DB:0NY Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 37.61 0.28 17.04
2018-06-30 37.61 0.28 17.04
2018-03-31 -100.27 122.02 9.22
2017-03-31 -101.17 122.47 1.25
2016-03-31 -86.78 102.29 0.81
2015-03-31 -75.79 84.31 0.51
2014-03-31 -54.31 51.23 0.30
2013-03-31 -47.95 44.19 0.99
  • Codemasters Group Holdings's level of debt (0.7%) compared to net worth is satisfactory (less than 40%).
  • Codemasters Group Holdings had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
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.

  • Whilst loss making Codemasters Group Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Codemasters Group Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -67.4% per year.
Show me more healthy companies in the Entertainment industry
X
Financial health checks
We assess Codemasters Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Codemasters Group Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

0NY Dividends

 What is Codemasters Group 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
Dividend payments
0%
Current annual income from Codemasters Group Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of Codemasters Group Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Codemasters Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Codemasters Group 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.
Raw Data
DB:0NY Annualized Past and Future Dividends
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 4 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:0NY Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31 0.00 1.00
2021-03-31 0.00 2.00
2020-03-31 0.00 2.00
2019-03-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Codemasters Group Holdings has not reported any payouts.
  • Unable to verify if Codemasters Group Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Codemasters Group Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Codemasters Group Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Codemasters Group Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Codemasters Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Codemasters Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Codemasters Group 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.

0NY Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Frank Theodore Sagnier
AGE 55
CEO Bio

Mr. Frank Theodore Sagnier serves as Chief Executive Officer and Director of Codemasters Group Holdings Plc. Frank has been in the games industry for over 20 years. He started at Acclaim Entertainment as Head of European Marketing. He then moved to Electronic Arts Limited where he successfully managed the European marketing and Third-Party Publishing teams. Frank was also part of the global leadership team that drove the company into the online and mobile era. After many years in the corporate world Frank spent several years running a number of game development studios backed by venture capital firms and focused solely on digital free-to-play business models. Frank joined Codemasters in 2014, when he was recruited as Chief Executive Officer to implement the Group’s strategy. Frank is also an Ambassador for BAFTA Games and a Vice President of ‘SpecialEffect’, a UK based charity which uses video games and technology to enhance the quality of life of people with disabilities.

CEO Compensation
  • Insufficient data for Frank to compare compensation growth.
  • Insufficient data for Frank to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Frank Theodore Sagnier

TITLE
CEO & Director
AGE
55

Rashid Varachia

TITLE
CFO & Director
AGE
46
Board of Directors

Gerhard Florin

TITLE
Independent Non-Executive Chairman
AGE
59

Frank Theodore Sagnier

TITLE
CEO & Director
AGE
55

Rashid Varachia

TITLE
CFO & Director
AGE
46

Ian Pierre Gomes

TITLE
Independent Non-Executive Director
AGE
60

Shibasish Sarkar

TITLE
Non-Executive Director
AGE
46
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Codemasters Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Codemasters Group 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.

0NY News

Simply Wall St News

0NY Company Info

Description

Codemasters Group Holdings Plc, together with its subsidiaries, develops, publishes, markets, and distributes racing video games in the United Kingdom and internationally. The company is headquartered in Southam, the United Kingdom. Codemasters Group Holdings Plc is a subsidiary of Reliance Big Entertainment (Singapore) Pte Limited.

Details
Name: Codemasters Group Holdings Plc
0NY
Exchange: DB
Founded:
£371,442,722
140,000,000
Website: http://www.codemasters.com
Address: Codemasters Group Holdings Plc
Codemasters Campus,
Stoneythorpe,
Southam,
Warwickshire, CV47 2DL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM CDM Ordinary Shares London Stock Exchange AIM Market GB GBP 01. Jun 2018
DB 0NY Ordinary Shares Deutsche Boerse AG DE EUR 01. Jun 2018
Number of employees
Current staff
Staff numbers
465
Codemasters Group Holdings employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 23:20
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.

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