CPSE:CEMAT

Stock Analysis Report

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Executive Summary

Cemat A/S engages in the operation, development, and sales of the Polish property company CeMat ’70 S.A. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-1.6%

CEMAT

-0.6%

DK Integrated Utilities

-0.6%

DK Market


1 Year Return

6.9%

CEMAT

-3.2%

DK Integrated Utilities

22.2%

DK Market

Return vs Industry: CEMAT exceeded the Danish Integrated Utilities industry which returned -3% over the past year.

Return vs Market: CEMAT underperformed the Danish Market which returned 25.3% over the past year.


Shareholder returns

CEMATIndustryMarket
7 Day-1.6%-0.6%-0.6%
30 Day-10.1%1.1%1.2%
90 Day-1.6%1.8%4.7%
1 Year6.9%6.9%-0.1%-3.2%24.6%22.2%
3 Year-8.8%-8.8%12.9%-0.7%48.4%37.0%
5 Year26.6%11.6%22.2%-4.3%48.8%29.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CEMAT (DKK0.37) is trading below our estimate of fair value (DKK6.58)

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


Price To Earnings Ratio

PE vs Industry: CEMAT is poor value based on its PE Ratio (38.5x) compared to the XE Integrated Utilities industry average (20.6x).

PE vs Market: CEMAT is poor value based on its PE Ratio (38.5x) compared to the Danish market (16.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CEMAT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CEMAT is good value based on its PB Ratio (1x) compared to the XE Integrated Utilities industry average (1.8x).


Next Steps

Future Growth

How is Cemat forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.6%

Forecasted Utilities industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cemat has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Cemat performed over the past 5 years?

74.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEMAT has a large one-off gain of DKK2.7M impacting its June 30 2020 financial results.

Growing Profit Margin: CEMAT's current net profit margins (10.5%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: CEMAT has become profitable over the past 5 years, growing earnings by 74% per year.

Accelerating Growth: CEMAT's earnings growth over the past year (4%) is below its 5-year average (74% per year).

Earnings vs Industry: CEMAT earnings growth over the past year (4%) underperformed the Integrated Utilities industry 4%.


Return on Equity

High ROE: CEMAT's Return on Equity (3%) is considered low.


Next Steps

Financial Health

How is Cemat's financial position?


Financial Position Analysis

Short Term Liabilities: CEMAT's short term assets (DKK21.8M) exceed its short term liabilities (DKK6.0M).

Long Term Liabilities: CEMAT's short term assets (DKK21.8M) do not cover its long term liabilities (DKK33.2M).


Debt to Equity History and Analysis

Debt Level: CEMAT is debt free.

Reducing Debt: CEMAT has no debt compared to 5 years ago when its debt to equity ratio was 57.5%.

Debt Coverage: CEMAT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CEMAT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

  • Explore more healthy companies in the Utilities industry.

Dividend

What is Cemat current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CEMAT's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.0yrs

Average management tenure


CEO

Jaroslaw Lipinski (43 yo)

1.92yrs

Tenure

Mr. Jaroslaw Pawel Lipinski is Chief Executive Officer of Cemat A/S since December 1, 2018 and also serves as its Member of Management Board. He holds a Master of Law degree and has undertaken further stud...


Leadership Team

NamePositionTenureCompensationOwnership
Jaroslaw Lipinski
CEO & Member of Management Board1.92yrsno datano data
Per Kringhøj
Chief Technical Officer12.17yrsno datano data
Theis Sveigaard
Head of R&D and Quality9.17yrsno datano data
Jesper Thomsen
Controller9.58yrskr.180.00kno data
Leif Jensen
Senior Silicon Scientist13.42yrsno datano data
Trine Schønnemann
Sales Manager10.33yrsno datano data

10.0yrs

Average Tenure

53.5yo

Average Age

Experienced Management: CEMAT's management team is seasoned and experienced (10 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Frede Clausen
Chairman of the Board2.67yrsno data1.21%
DKK 1.1m
Eivind Jensen
Deputy Chairman 15.83yrsno datano data
Joanna Iwanowska-Nielsen
Independent Director4.83yrsno datano data

4.8yrs

Average Tenure

61yo

Average Age

Experienced Board: CEMAT's board of directors are considered experienced (4.8 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

Cemat A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cemat A/S
  • Ticker: CEMAT
  • Exchange: CPSE
  • Founded: 1959
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Market Cap: kr.93.444m
  • Shares outstanding: 249.85m
  • Website: https://www.cemat.dk

Number of Employees


Location

  • Cemat A/S
  • 4 Rådhuspladsen
  • Copenhagen V
  • Copenhagen
  • Capital Region of Denmark
  • 1550
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEMATCPSE (OMX Nordic Exchange Copenhagen)YesShare CapitalDKDKKJan 1992
0GB8LSE (London Stock Exchange)YesShare CapitalGBDKKJan 1992
1X9DB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992
CEMATCBATS-CHIXE (BATS 'Chi-X Europe')DKK0.02GBDKKJul 2016

Biography

Cemat A/S engages in the operation, development, and sales of the Polish property company CeMat ’70 S.A. in Warsaw. The company is involved in the letting of premises and land; and provision of utilities, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 22:06
End of Day Share Price2020/11/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.