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CIE

CIE Automotive BME:CIE Stock Report

Last Price

€25.04

Market Cap

€3.0b

7D

-2.1%

1Y

-1.0%

Updated

07 Aug, 2022

Data

Company Financials +
CIE fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance3/6
Financial Health2/6
Dividends4/6

CIE Stock Overview

CIE Automotive, S.A. designs, manufactures, and sells automotive components and sub-assemblies worldwide.

CIE Automotive Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CIE Automotive
Historical stock prices
Current Share Price€25.04
52 Week High€28.44
52 Week Low€18.68
Beta1.25
1 Month Change4.60%
3 Month Change26.15%
1 Year Change-1.03%
3 Year Change22.39%
5 Year Change19.84%
Change since IPO12,040.02%

Recent News & Updates

Jul 28
Is It Time To Consider Buying CIE Automotive, S.A. (BME:CIE)?

Is It Time To Consider Buying CIE Automotive, S.A. (BME:CIE)?

CIE Automotive, S.A. ( BME:CIE ), might not be a large cap stock, but it saw a significant share price rise of over 20...

Jun 13
With EPS Growth And More, CIE Automotive (BME:CIE) Is Interesting

With EPS Growth And More, CIE Automotive (BME:CIE) Is Interesting

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

CIEES Auto ComponentsES Market
7D-2.1%-0.8%-0.3%
1Y-1.0%-30.1%-7.1%

Return vs Industry: CIE exceeded the Spanish Auto Components industry which returned -30.1% over the past year.

Return vs Market: CIE exceeded the Spanish Market which returned -7.1% over the past year.

Price Volatility

Is CIE's price volatile compared to industry and market?
CIE volatility
CIE Average Weekly Movement4.8%
Auto Components Industry Average Movement5.9%
Market Average Movement3.9%
10% most volatile stocks in ES Market7.0%
10% least volatile stocks in ES Market0.7%

Stable Share Price: CIE is not significantly more volatile than the rest of Spanish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CIE's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199624,484Jesus Maria Herrera Barandiaranhttps://www.cieautomotive.com

CIE Automotive, S.A. designs, manufactures, and sells automotive components and sub-assemblies worldwide. It offers roof systems, including opening roof, shading, and glazing systems; BIW, chassis, and steering products, such as body in white, hubs, outer rings and spindles, steering column brackets, EPS main housings and components, steering nuts, airbag frames, steering housings, brake boosters, steering column tubes, rear axles, and seat structures; and exterior/interior trim products comprising arm rests, storage compartments, central consoles, ashtrays, glove compartments, in mold decorations, trim parts, emblems, rear-view mirrors, crossbeams, and front covers. The company also provides axle beams and spindles, brake camshafts, axle shafts, rear axle assemblies, pistons, levers, air suspension brackets, spindles, stabilizer bars, and sector shafts; and engine products, including crankshafts, crankshaft caps, diesel and gasoline common rails, ladder frames, camshaft covers and bearings, camshaft bearings housings, valve guides, brackets, exhaust air duct tubes, air tanks, and oil pans.

CIE Automotive Fundamentals Summary

How do CIE Automotive's earnings and revenue compare to its market cap?
CIE fundamental statistics
Market Cap€3.00b
Earnings (TTM)€277.70m
Revenue (TTM)€3.56b

10.8x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CIE income statement (TTM)
Revenue€3.56b
Cost of Revenue€2.31b
Gross Profit€1.25b
Other Expenses€973.94m
Earnings€277.70m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.32
Gross Margin35.12%
Net Profit Margin7.79%
Debt/Equity Ratio136.6%

How did CIE perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

16%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CIE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CIE?

Other financial metrics that can be useful for relative valuation.

CIE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA8.4x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does CIE's PE Ratio compare to its peers?

CIE PE Ratio vs Peers
The above table shows the PE ratio for CIE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.6x
GEST Gestamp Automoción
11x21.5%€2.1b
3116 Toyota Boshoku
14.4x22.5%JP¥369.2b
425 Minth Group
15x17.6%HK$26.1b
VC Visteon
42.1x36.0%US$3.4b
CIE CIE Automotive
10.8x10.6%€3.0b

Price-To-Earnings vs Peers: CIE is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (20.6x).


Price to Earnings Ratio vs Industry

How does CIE's PE Ratio compare vs other companies in the European Auto Components Industry?

Price-To-Earnings vs Industry: CIE is good value based on its Price-To-Earnings Ratio (10.8x) compared to the European Auto Components industry average (12.4x)


Price to Earnings Ratio vs Fair Ratio

What is CIE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CIE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.8x
Fair PE Ratio14.9x

Price-To-Earnings vs Fair Ratio: CIE is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (14.9x).


Share Price vs Fair Value

What is the Fair Price of CIE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CIE (€25.04) is trading below our estimate of fair value (€39.92)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is CIE Automotive forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIE's forecast earnings growth (10.6% per year) is above the savings rate (0.9%).

Earnings vs Market: CIE's earnings (10.6% per year) are forecast to grow slower than the Spanish market (12.6% per year).

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

Revenue vs Market: CIE's revenue (5.7% per year) is forecast to grow faster than the Spanish market (3.9% per year).

High Growth Revenue: CIE's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CIE's Return on Equity is forecast to be high in 3 years time (22.6%)


Discover growth companies

Past Performance

How has CIE Automotive performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CIE has high quality earnings.

Growing Profit Margin: CIE's current net profit margins (7.8%) are lower than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: CIE's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: CIE's earnings growth over the past year (1.2%) is below its 5-year average (5.2% per year).

Earnings vs Industry: CIE earnings growth over the past year (1.2%) exceeded the Auto Components industry -2.6%.


Return on Equity

High ROE: Whilst CIE's Return on Equity (20.25%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is CIE Automotive's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CIE's short term assets (€1.8B) do not cover its short term liabilities (€1.9B).

Long Term Liabilities: CIE's short term assets (€1.8B) do not cover its long term liabilities (€2.3B).


Debt to Equity History and Analysis

Debt Level: CIE's net debt to equity ratio (91.3%) is considered high.

Reducing Debt: CIE's debt to equity ratio has increased from 95.6% to 136.6% over the past 5 years.

Debt Coverage: CIE's debt is well covered by operating cash flow (24.5%).

Interest Coverage: CIE's interest payments on its debt are well covered by EBIT (19.9x coverage).


Balance Sheet


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Dividend

What is CIE Automotive current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.88%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CIE's dividend (2.88%) is higher than the bottom 25% of dividend payers in the Spanish market (2.19%).

High Dividend: CIE's dividend (2.88%) is low compared to the top 25% of dividend payers in the Spanish market (5.9%).


Stability and Growth of Payments

Stable Dividend: CIE's dividend payments have been volatile in the past 10 years.

Growing Dividend: CIE's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (15.8%), CIE's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (26.4%), CIE's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

11.8yrs

Average board tenure


CEO

Jesus Maria Herrera Barandiaran (55 yo)

9.58yrs

Tenure

€3,619,000

Compensation

Mr. Jesus Maria Herrera Barandiaran has been the Chief Executive Officer and Executive Director of Cie Automotive, S.A. since January 21, 2013. Mr. Herrera Barandiaran served as the Chief Operating Officer...


CEO Compensation Analysis

Compensation vs Market: Jesus Maria's total compensation ($USD3.68M) is above average for companies of similar size in the Spanish market ($USD1.84M).

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


Board Members

Experienced Board: CIE's board of directors are seasoned and experienced ( 11.8 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

CIE Automotive, S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: CIE Automotive, S.A.
  • Ticker: CIE
  • Exchange: BME
  • Founded: 1996
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: €2.997b
  • Shares outstanding: 119.71m
  • Website: https://www.cieautomotive.com

Number of Employees


Location

  • CIE Automotive, S.A.
  • Alameda Mazarredo 69,
  • 8th Floor
  • Bilbao
  • Basque Country
  • 48009
  • Spain

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.