DB:112

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Risks

  • Cofina SGPS is covered by less than 3 analysts.

Share Price & News

How has Cofina SGPS's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

22.6%

DB:112

0.6%

DE Media

2.6%

DE Market


1 Year Return

-19.6%

DB:112

-18.0%

DE Media

-9.6%

DE Market

112 underperformed the Media industry which returned -18.6% over the past year.

112 underperformed the Market in Germany which returned -10.8% over the past year.


Share holder returns

112IndustryMarket
7 Day22.6%0.6%2.6%
30 Day8.6%-2.3%-3.0%
90 Day6.3%5.7%-1.4%
1 Year-19.6%-19.6%-13.3%-18.0%-6.8%-9.6%
3 Yearn/a-21.5%-32.2%11.0%1.5%
5 Yearn/a3.6%-18.5%25.6%8.2%

Price Volatility Vs. Market

How volatile is Cofina SGPS's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Cofina SGPS undervalued based on future cash flows and its price relative to the stock market?

8.05x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Cofina SGPS's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Cofina SGPS's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Cofina SGPS is good value based on earnings compared to the DE Media industry average.

Cofina SGPS is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Cofina SGPS, we can't assess if its growth is good value.


Price Based on Value of Assets

Cofina SGPS is good value based on assets compared to the DE Media industry average.


Next Steps

Future Growth

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

3.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Cofina SGPS's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).

Cofina SGPS's earnings are expected to grow significantly at over 20% yearly.

Cofina SGPS's revenue growth is positive but not above the Germany market average.

Cofina SGPS's earnings growth is expected to exceed the Germany market average.

Cofina SGPS's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Cofina SGPS will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Cofina SGPS performed over the past 5 years?

-2.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Cofina SGPS's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Cofina SGPS's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Cofina SGPS's 1-year earnings growth is negative, it can't be compared to the DE Media industry average.


Return on Equity

Cofina SGPS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Cofina SGPS used its assets more efficiently than the DE Media industry average last year based on Return on Assets.


Return on Capital Employed

Cofina SGPS has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Cofina SGPS's financial position?


Financial Position Analysis

Cofina SGPS's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Cofina SGPS's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Cofina SGPS's level of debt (126.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (395.2% vs 126.2% today).

Debt is well covered by operating cash flow (33.8%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 10.3x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.4x debt.


Next Steps

Dividend

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

2.52%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Cofina SGPS's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Cofina SGPS's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Cofina SGPS has not reported any payouts.

Unable to verify if Cofina SGPS's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Cofina SGPS has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

10.3yrs

Average board tenure


CEO

Paulo dos Santos Fernandes 0

0.0yrs

Tenure

€40,000

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 the President of th ...


CEO Compensation Analysis

Paulo's remuneration is lower than average for companies of similar size in Germany.

Paulo's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

10.3yrs

Average Tenure

The average tenure for the Cofina SGPS board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Paulo dos Santos Fernandes

    Co-Founder

    • Tenure: 0.0yrs
    • Compensation: €40.00k
  • Ana Rebelo De Carvalho Menéres Mendonça

    Company Secretary & Non-Executive Director

    • Tenure: 10.3yrs
    • Compensation: €14.00k
  • João Manuel Borges de Oliveira (59yo)

    Co-Founder

    • Tenure: 29.6yrs
    • Compensation: €40.00k

Board Members

  • Paulo dos Santos Fernandes

    Co-Founder

    • Tenure: 0.0yrs
    • Compensation: €40.00k
  • Ana Rebelo De Carvalho Menéres Mendonça

    Company Secretary & Non-Executive Director

    • Tenure: 10.3yrs
    • Compensation: €14.00k
  • João Manuel Borges de Oliveira (59yo)

    Co-Founder

    • Tenure: 29.6yrs
    • Compensation: €40.00k
  • Domingos José de Matos

    Non-Executive Director

    • Tenure: 29.6yrs
    • Compensation: €14.00k
  • Pedro Miguel Matos de Oliveira

    Non-Executive Director

    • Tenure: 10.3yrs
    • Compensation: €14.00k
  • Pedro Nuno de Sá Pessanha da Costa

    President of Supervisory Board

    • Tenure: 0.0yrs
  • Alda Delgado

    Director of Cofina Media

    • Tenure: 0.0yrs
  • André Seabra Pinto

    Member of Supervisory Board

    • Tenure: 5.3yrs
  • António Luís de Pinho

    Member of Supervisory Board

    • Tenure: 2.3yrs
  • Guilherme Paulo da Mota Correia Monteiro

    Member of Supervisory Board

    • Tenure: 2.3yrs

Company Information

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


Key Information

  • Name: Cofina, SGPS, S.A.
  • Ticker: 112
  • Exchange: DB
  • Founded: 1995
  • Industry: Publishing
  • Sector: Media
  • Market Cap: €50.873m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CFNENXTLS (Euronext Lisbon)YesCommon SharesPTEURFeb 1998
CFNUBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURFeb 1998
112DB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 1998

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 21:41
End of Day Share Price2019/08/21 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.