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112

Cofina SGPSDB:112 Stock Report

Market Cap

€23.7m

7D

-2.2%

1Y

-6.0%

Updated

01 Dec, 2021

Data

Company Financials +
112 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends0/6

112 Stock Overview

Cofina, SGPS, S.A. engages in the publication of newspapers and magazines in Portugal.

Price History & Performance

Summary of all time highs, changes and price drops for Cofina SGPS
Historical stock prices
Current Share Price€0.22
52 Week High€0.26
52 Week Low€0.20
Beta1.21
1 Month Change-0.90%
3 Month Change-3.91%
1 Year Change-5.96%
3 Year Change-64.18%
5 Year Changen/a
Change since IPO-57.99%

Recent News & Updates

Shareholder Returns

112DE MediaDE Market
7D-2.2%-2.3%-1.6%
1Y-6.0%8.5%17.1%

Return vs Industry: 112 underperformed the German Media industry which returned 6.3% over the past year.

Return vs Market: 112 underperformed the German Market which returned 14.2% over the past year.

Price Volatility

Is 112's price volatile compared to industry and market?
112 volatility
112 Average Weekly Movement4.3%
Media Industry Average Movement4.0%
Market Average Movement4.9%
10% most volatile stocks in DE Market9.1%
10% least volatile stocks in DE Market2.5%

Stable Share Price: 112 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 112's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990713Paulo dos Santos Fernandeshttps://www.cofina.pt

Cofina, SGPS, S.A. engages in the publication of newspapers and magazines in Portugal. The company offers newspapers, including Correio da Manha, a daily newspaper; Record, a daily sports newspaper; Jornal de Negocios, an economic newspaper; and Destak and Mundo Universitário, which are free newspapers. It also provides magazines, such as Sábado and TV Guia, as well as digital products, including Flash and Máxima.

Cofina SGPS Fundamentals Summary

How do Cofina SGPS's earnings and revenue compare to its market cap?
112 fundamental statistics
Market Cap€23.69m
Earnings (TTM)€4.80m
Revenue (TTM)€72.90m

4.9x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
112 income statement (TTM)
Revenue€72.90m
Cost of Revenue€22.07m
Gross Profit€50.83m
Expenses€46.04m
Earnings€4.80m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.047
Gross Margin69.73%
Net Profit Margin6.58%
Debt/Equity Ratio116.5%

How did 112 perform over the long term?

See historical performance and comparison

Valuation

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

42.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 112 (€0.22) is trading below our estimate of fair value (€0.38)

Significantly Below Fair Value: 112 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 112 is good value based on its PE Ratio (4.9x) compared to the German Media industry average (21.2x).

PE vs Market: 112 is good value based on its PE Ratio (4.9x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: 112 is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: 112 is good value based on its PB Ratio (0.5x) compared to the DE Media industry average (2x).


Future Growth

How is Cofina SGPS forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

1.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 112's forecast earnings growth (1.3% per year) is above the savings rate (-0.01%).

Earnings vs Market: 112's earnings (1.3% per year) are forecast to grow slower than the German market (12.2% per year).

High Growth Earnings: 112's earnings are forecast to grow, but not significantly.

Revenue vs Market: 112's revenue (1.1% per year) is forecast to grow slower than the German market (6% per year).

High Growth Revenue: 112's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 112's Return on Equity is forecast to be low in 3 years time (9.2%).


Past Performance

How has Cofina SGPS performed over the past 5 years?

-2.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 112 has high quality earnings.

Growing Profit Margin: 112's current net profit margins (6.6%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: 112's earnings have declined by 2% per year over the past 5 years.

Accelerating Growth: 112's earnings growth over the past year (66.6%) exceeds its 5-year average (-2% per year).

Earnings vs Industry: 112 earnings growth over the past year (66.6%) underperformed the Media industry 149%.


Return on Equity

High ROE: 112's Return on Equity (10.1%) is considered low.


Financial Health

How is Cofina SGPS's financial position?


Financial Position Analysis

Short Term Liabilities: 112's short term assets (€30.0M) do not cover its short term liabilities (€79.3M).

Long Term Liabilities: 112's short term assets (€30.0M) exceed its long term liabilities (€10.0M).


Debt to Equity History and Analysis

Debt Level: 112's net debt to equity ratio (80.2%) is considered high.

Reducing Debt: 112's debt to equity ratio has reduced from 256.8% to 116.5% over the past 5 years.

Debt Coverage: 112's debt is well covered by operating cash flow (23.5%).

Interest Coverage: 112's interest payments on its debt are well covered by EBIT (18.1x coverage).


Balance Sheet


Dividend

What is Cofina SGPS current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 112's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 112'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 112's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 112's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 112 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 112'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?

6.1yrs

Average board tenure


CEO

Paulo dos Santos Fernandes

no data

Tenure

€80,000

Compensation

Mr. Paulo Jorge dos Santos Fernandes is a Co-founder at Cofina Sgps, S.a. and serves as its Executive Chairman, Chief Executive Officer and President. Mr. dos Santos Fernandes serves as Vice-Chairman at Al...


CEO Compensation Analysis

Compensation vs Market: Paulo's total compensation ($USD90.60K) is below average for companies of similar size in the German market ($USD417.25K).

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


Board Members

Experienced Board: 112's board of directors are considered experienced (6.1 years average tenure).


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

Cofina, SGPS, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Cofina, SGPS, S.A.
  • Ticker: 112
  • Exchange: DB
  • Founded: 1990
  • Industry: Publishing
  • Sector: Media
  • Market Cap: €23.693m
  • Shares outstanding: 102.57m
  • Website: https://www.cofina.pt

Number of Employees


Location

  • Cofina, SGPS, S.A.
  • Rua Manuel Pinto de Azevedo, 818
  • Porto
  • Norte
  • 4100-320
  • Portugal

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 18:41
End of Day Share Price2021/11/30 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.