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
Very undervalued with reasonable growth potential.
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 90% of German stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: CCAP's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.
7 Day Return
DE Real Estate
1 Year Return
DE Real Estate
Return vs Industry: CCAP underperformed the German Real Estate industry which returned 4.6% over the past year.
Return vs Market: CCAP underperformed the German Market which returned 2% over the past year.
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
4 days ago | Simply Wall StWe Think CORESTATE Capital Holding (ETR:CCAP) Is Taking Some Risk With Its Debt
3 weeks ago | Simply Wall StLittle Excitement Around CORESTATE Capital Holding S.A.'s (ETR:CCAP) Earnings
Is CORESTATE Capital Holding undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CCAP (€15.05) is trading below our estimate of fair value (€32.13)
Significantly Below Fair Value: CCAP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CCAP is good value based on its PE Ratio (5.2x) compared to the DE Real Estate industry average (12.1x).
PE vs Market: CCAP is good value based on its PE Ratio (5.2x) compared to the German market (23.2x).
Price to Earnings Growth Ratio
PEG Ratio: CCAP is good value based on its PEG Ratio (0.1x)
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).
How is CORESTATE Capital Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCAP's forecast earnings growth (52.1% per year) is above the savings rate (0.2%).
Earnings vs Market: CCAP's earnings (52.1% per year) are forecast to grow faster than the German market (27.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CCAP's revenue (13.4% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: CCAP's revenue (13.4% 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 (10.4%).
How has CORESTATE Capital Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCAP has high quality earnings.
Growing Profit Margin: CCAP's current net profit margins (25.7%) are lower than last year (31.9%).
Past Earnings Growth Analysis
Earnings Trend: CCAP's earnings have grown significantly by 36.9% per year over the past 5 years.
Accelerating Growth: CCAP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CCAP had negative earnings growth (-18.7%) over the past year, making it difficult to compare to the Real Estate industry average (0.09%).
Return on Equity
High ROE: CCAP's Return on Equity (8.1%) is considered low.
How is CORESTATE Capital Holding's financial position?
Financial Position Analysis
Short Term Liabilities: CCAP's short term assets (€410.8M) exceed its short term liabilities (€132.1M).
Long Term Liabilities: CCAP's short term assets (€410.8M) do not cover its long term liabilities (€617.0M).
Debt to Equity History and Analysis
Debt Level: CCAP's debt to equity ratio (78.5%) is considered high.
Reducing Debt: CCAP's debt to equity ratio has reduced from 156.7% to 78.5% over the past 5 years.
Debt Coverage: CCAP's debt is well covered by operating cash flow (37.2%).
Interest Coverage: CCAP's interest payments on its debt are not well covered by EBIT (2.6x coverage).
What is CORESTATE Capital Holding current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lars Schnidrig (48 yo)
Mr. Lars Schnidrig MBA & LLM serves as the Chairman of Management Board and Chief Executive Officer at CORESTATE Capital Holding S.A. since March 21, 2019 and also served as its Chief financial Officer fro...
|Chairman of Management Board & CEO||2yrs||no data||no data|
|5.33yrs||no data||no data|
|5.33yrs||no data||no data|
|Chief Financial Officer||1.67yrs||no data||no data|
|Chief Legal & HR Officer and Member of Management Board||0.17yr||no data||no data|
|Chief Operating Officer||1.67yrs||no data||no data|
|Chief Investment Officer & Member of Management Board||0.67yr||no data||no data|
|Chief Markets Officer||2.92yrs||no data||no data|
|Chief Compliance Officer||2.25yrs||no data||no data|
|Director of Equity Raising and Investor Relations||no data||no data||no data|
|Director of Commercial Portfolio Asset Management Team||no data||no data||no data|
|Regional Head of Capital Raising and Client Relations||no data||no data||no data|
Experienced Management: CCAP's management team is considered experienced (2 years average tenure).
|Principal Senior Advisor||no data||no data||no data|
|Deputy Chairman of the Supervisory Board||0.083yr||no data||no data|
|Member of the Supervisory Board||0.50yr||no data||no data|
|Member of Supervisory Board||0.50yr||no data||no data|
Experienced Board: CCAP's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.2%.
CORESTATE Capital Holding S.A.'s company bio, employee growth, exchange listings and data sources
- Name: CORESTATE Capital Holding S.A.
- Ticker: CCAP
- Exchange: XTRA
- Founded: 2006
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: €371.387m
- Shares outstanding: 25.67m
- Website: https://www.corestate-capital.com
Number of Employees
- CORESTATE Capital Holding S.A.
- 4, rue Jean Monnet
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CCAP||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 2016|
|CCAP||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Oct 2016|
|0RVJ||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Oct 2016|
|CCAPD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Oct 2016|
|COST||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Oct 2016|
|CCAP||ETLX (Eurotlx)||Yes||Ordinary Shares||IT||EUR||Oct 2016|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/12/03 18:43|
|End of Day Share Price||2020/12/03 00:00|
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.