XTRA:CCAP

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CORESTATE Capital Holding

Market Cap

€431.5m

Last Updated

2021/07/24 18:58 UTC

Data Sources

Company Financials +

Executive Summary

CORESTATE Capital Holding S.A. is a real estate investment firm specializing in investments in small to medium sized residential portfolios and commercial real estate markets. More Details


Snowflake Analysis

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has CORESTATE Capital Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCAP is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CCAP's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of German stocks.


Market Performance


7 Day Return

9.4%

CCAP

-0.5%

DE Real Estate

0.9%

DE Market


1 Year Return

-30.9%

CCAP

14.2%

DE Real Estate

25.2%

DE Market

Return vs Industry: CCAP underperformed the German Real Estate industry which returned 14.1% over the past year.

Return vs Market: CCAP underperformed the German Market which returned 25.1% over the past year.


Shareholder returns

CCAPIndustryMarket
7 Day9.4%-0.5%0.9%
30 Day12.7%1.5%0.5%
90 Day-1.9%6.3%2.5%
1 Year-30.9%-30.9%17.5%14.2%29.2%25.2%
3 Year-70.4%-72.4%24.5%15.4%28.1%17.4%
5 Yearn/a58.1%39.6%54.9%33.7%

Long-Term Price Volatility Vs. Market

How volatile is CORESTATE Capital Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CORESTATE Capital Holding undervalued compared to its fair value and its price relative to the market?

41.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCAP (€12.63) is trading below our estimate of fair value (€21.75)

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


Price To Earnings Ratio

PE vs Industry: CCAP is unprofitable, so we can't compare its PE Ratio to the German Real Estate industry average.

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


Price to Book Ratio

PB vs Industry: CCAP is good value based on its PB Ratio (0.5x) compared to the DE Real Estate industry average (1.3x).


Future Growth

How is CORESTATE Capital Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

63.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCAP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.01%).

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

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

Revenue vs Market: CCAP's revenue (15.3% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: CCAP's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCAP's Return on Equity is forecast to be low in 3 years time (9.1%).


Past Performance

How has CORESTATE Capital Holding performed over the past 5 years?

2.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCAP is currently unprofitable.

Growing Profit Margin: CCAP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CCAP is unprofitable, but has reduced losses over the past 5 years at a rate of 2.9% per year.

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

Earnings vs Industry: CCAP is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-10.4%).


Return on Equity

High ROE: CCAP has a negative Return on Equity (-13.65%), as it is currently unprofitable.


Financial Health

How is CORESTATE Capital Holding's financial position?


Financial Position Analysis

Short Term Liabilities: CCAP's short term assets (€396.0M) exceed its short term liabilities (€226.6M).

Long Term Liabilities: CCAP's short term assets (€396.0M) do not cover its long term liabilities (€549.7M).


Debt to Equity History and Analysis

Debt Level: CCAP's debt to equity ratio (82.5%) is considered high.

Reducing Debt: CCAP's debt to equity ratio has reduced from 87.4% to 82.5% over the past 5 years.

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

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


Balance Sheet


Dividend

What is CORESTATE Capital Holding current dividend yield, its reliability and sustainability?

4.66%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

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

1.3yrs

Average management tenure


CEO

Rene Parmantier (46 yo)

0.58

Tenure

Mr. Rene Parmantier serves as Chairman of Management Board & Chief Executive Officer at CORESTATE Capital Holding S.A. since December 1, 2020. He serves as a Member of Exchange Council at Frankfurt Stock E...


Leadership Team

Experienced Management: CCAP's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: CCAP's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


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 been substantially diluted in the past year, with total shares outstanding growing by 60.4%.


Top Shareholders

Company Information

CORESTATE Capital Holding S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CORESTATE Capital Holding S.A.
  • Ticker: CCAP
  • Exchange: XTRA
  • Founded: 2006
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: €431.517m
  • Shares outstanding: 34.17m
  • Website: https://www.corestate-capital.com

Number of Employees


Location

  • CORESTATE Capital Holding S.A.
  • 4, rue Jean Monnet
  • Luxembourg
  • 2180
  • Luxembourg

Listings


Biography

CORESTATE Capital Holding S.A. is a real estate investment firm specializing in investments in small to medium sized residential portfolios and commercial real estate markets. The firm seeks to invest in a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/24 18:58
End of Day Share Price2021/07/23 00:00
Earnings2021/03/31
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.