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Corporación Empresarial de Materiales de Construcción

BME:CMC
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMC
BME
€25M
Market Cap
  1. Home
  2. ES
  3. Capital Goods
Company description

Corporación Empresarial de Materiales de Construcción, S.A. The last earnings update was 76 days ago. More info.


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  • Corporación Empresarial de Materiales de Construcción has significant price volatility in the past 3 months.
CMC Share Price and Events
7 Day Returns
-2.7%
BME:CMC
1.6%
Europe Building
-0.4%
ES Market
1 Year Returns
-64.2%
BME:CMC
1.4%
Europe Building
-4.7%
ES Market
CMC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corporación Empresarial de Materiales de Construcción (CMC) -2.7% -27.4% -39.9% -64.2% -49% -88.2%
Europe Building 1.6% 2.4% 7.1% 1.4% 16.6% 36.2%
ES Market -0.4% -0.2% -1.1% -4.7% 9.6% -18.4%
1 Year Return vs Industry and Market
  • CMC underperformed the Building industry which returned 1.4% over the past year.
  • CMC underperformed the Market in Spain which returned -4.7% over the past year.
Price Volatility
CMC
Industry
5yr Volatility vs Market

CMC Value

 Is Corporación Empresarial de Materiales de Construcción undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

In this section, we usually try to help investors determine whether Corporación Empresarial de Materiales de Construcción is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Corporación Empresarial de Materiales de Construcción has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Corporación Empresarial de Materiales de Construcción. This is due to cash flow or dividend data being unavailable. The share price is €2.55.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Corporación Empresarial de Materiales de Construcción's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corporación Empresarial de Materiales de Construcción's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:CMC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-1.74
BME:CMC Share Price ** BME (2019-06-19) in EUR €2.55
Europe Building Industry PE Ratio Median Figure of 63 Publicly-Listed Building Companies 16.71x
Spain Market PE Ratio Median Figure of 138 Publicly-Listed Companies 17.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Corporación Empresarial de Materiales de Construcción.

BME:CMC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:CMC Share Price ÷ EPS (both in EUR)

= 2.55 ÷ -1.74

-1.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporación Empresarial de Materiales de Construcción is loss making, we can't compare its value to the Europe Building industry average.
  • Corporación Empresarial de Materiales de Construcción is loss making, we can't compare the value of its earnings to the Spain market.
Price based on expected Growth
Does Corporación Empresarial de Materiales de Construcción's expected growth come at a high price?
Raw Data
BME:CMC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Building Industry PEG Ratio Median Figure of 35 Publicly-Listed Building Companies 1.58x
Spain Market PEG Ratio Median Figure of 79 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Corporación Empresarial de Materiales de Construcción, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Corporación Empresarial de Materiales de Construcción's assets?
Raw Data
BME:CMC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €-0.28
BME:CMC Share Price * BME (2019-06-19) in EUR €2.55
Europe Building Industry PB Ratio Median Figure of 78 Publicly-Listed Building Companies 1.49x
Spain Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.66x
BME:CMC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:CMC Share Price ÷ Book Value per Share (both in EUR)

= 2.55 ÷ -0.28

-9.14x

* Primary Listing of Corporación Empresarial de Materiales de Construcción.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Corporación Empresarial de Materiales de Construcción has negative assets, we can't compare the value of its assets to the Europe Building industry average.

Next steps:

  1. Take a look at our analysis of CMC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Corporación Empresarial de Materiales de Construcción's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Building industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Corporación Empresarial de Materiales de Construcción's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Building industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Building industry average (and greater than 0)? (1 check)
  5. Corporación Empresarial de Materiales de Construcción has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CMC Future Performance

 How is Corporación Empresarial de Materiales de Construcción expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Corporación Empresarial de Materiales de Construcción 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.9%
Expected Building industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corporación Empresarial de Materiales de Construcción expected to grow at an attractive rate?
  • Unable to compare Corporación Empresarial de Materiales de Construcción's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Corporación Empresarial de Materiales de Construcción's earnings growth to the Spain market average as no estimate data is available.
  • Unable to compare Corporación Empresarial de Materiales de Construcción's revenue growth to the Spain market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BME:CMC Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Building Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Europe Building Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Spain Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BME:CMC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:CMC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 -22 -17
2018-06-30 60 -20 -28
2018-03-31 62 -13 -29
2017-12-31 -6 -31
2017-06-30 59 0 -15
2017-03-31 56 1 -15
2016-12-31 53 2 -16
2016-09-30 90 -5 -40
2016-06-30 90 -15 -66
2016-03-31 110 -10 -69

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Corporación Empresarial de Materiales de Construcción is high growth as no earnings estimate data is available.
  • Unable to determine if Corporación Empresarial de Materiales de Construcción is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BME:CMC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Corporación Empresarial de Materiales de Construcción Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:CMC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -1.74
2018-06-30 -2.76
2018-03-31 -2.97
2017-12-31 -3.27
2017-06-30 -1.57
2017-03-31 -1.64
2016-12-31 -1.72
2016-09-30 -4.33
2016-06-30 -7.10
2016-03-31 -7.37

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Corporación Empresarial de Materiales de Construcción will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of CMC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Corporación Empresarial de Materiales de Construcción's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Corporación Empresarial de Materiales de Construcción's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Corporación Empresarial de Materiales de Construcción's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Corporación Empresarial de Materiales de Construcción has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CMC Past Performance

  How has Corporación Empresarial de Materiales de Construcción performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Corporación Empresarial de Materiales de Construcción's growth in the last year to its industry (Building).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Corporación Empresarial de Materiales de Construcción does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Corporación Empresarial de Materiales de Construcción's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Corporación Empresarial de Materiales de Construcción's 1-year growth to the Europe Building industry average as it is not currently profitable.
Earnings and Revenue History
Corporación Empresarial de Materiales de Construcción's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Corporación Empresarial de Materiales de Construcción Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:CMC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -17.05 1.99
2018-06-30 60.34 -27.96 14.89
2018-03-31 61.51 -29.20 15.04
2017-12-31 -31.21 2.97
2017-06-30 59.45 -14.75 14.17
2017-03-31 56.44 -15.46 14.25
2016-12-31 53.43 -16.17 14.34
2016-09-30 90.44 -40.40 22.44
2016-06-30 89.53 -65.81 22.23
2016-03-31 109.64 -68.66 26.78
2015-12-31 129.75 -71.50 31.34
2015-09-30 128.37 -57.04 31.61
2015-06-30 126.99 -42.57 31.89
2015-03-31 123.90 -43.11 31.68
2014-12-31 120.81 -43.64 31.48
2014-06-30 332.83 -40.41 81.95
2014-03-31 439.26 -44.39 106.12
2013-12-31 545.70 -48.36 130.29
2013-09-30 582.89 -54.51 144.90
2013-06-30 587.98 -53.06 148.11
2013-03-31 605.24 -47.99 151.24
2012-12-31 622.50 -42.92 154.37
2012-09-30 637.15 -39.65 157.61
2012-06-30 651.81 -36.37 160.84

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Corporación Empresarial de Materiales de Construcción has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Corporación Empresarial de Materiales de Construcción has efficiently used its assets last year compared to the Europe Building industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Corporación Empresarial de Materiales de Construcción improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Corporación Empresarial de Materiales de Construcción's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Building industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Corporación Empresarial de Materiales de Construcción has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CMC Health

 How is Corporación Empresarial de Materiales de Construcción's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Corporación Empresarial de Materiales de Construcción's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corporación Empresarial de Materiales de Construcción is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Corporación Empresarial de Materiales de Construcción's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Corporación Empresarial de Materiales de Construcción's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Corporación Empresarial de Materiales de Construcción has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Corporación Empresarial de Materiales de Construcción Company Filings, last reported 5 months ago.

BME:CMC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -2.73 0.48 3.10
2018-06-30 11.36 6.94 5.70
2018-03-31 11.36 6.94 5.70
2017-12-31 11.23 6.72 12.58
2017-06-30 102.41 9.62 3.93
2017-03-31 102.41 9.62 3.93
2016-12-31 101.12 23.70 5.35
2016-09-30 101.12 21.66 5.35
2016-06-30 109.34 19.89 6.22
2016-03-31 109.34 19.89 6.22
2015-12-31 110.71 16.55 5.49
2015-09-30 110.71 16.55 5.49
2015-06-30 91.25 17.75 9.30
2015-03-31 91.25 17.75 9.30
2014-12-31 123.43 391.39 31.60
2014-06-30 249.51 361.57 20.81
2014-03-31 249.51 361.57 20.81
2013-12-31 286.50 351.78 46.19
2013-09-30 286.50 335.88 46.51
2013-06-30 329.00 334.61 29.85
2013-03-31 329.00 334.61 29.85
2012-12-31 361.61 304.43 24.05
2012-09-30 361.61 304.43 24.05
2012-06-30 395.01 311.52 14.45
  • Corporación Empresarial de Materiales de Construcción has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Corporación Empresarial de Materiales de Construcción's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Corporación Empresarial de Materiales de Construcción has less than a year of cash runway based on current free cash flow.
  • Corporación Empresarial de Materiales de Construcción has less than a year of cash runway if free cash flow continues to reduce at historical rates of -6.4% each year.
X
Financial health checks
We assess Corporación Empresarial de Materiales de Construcción's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Corporación Empresarial de Materiales de Construcción has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CMC Dividends

 What is Corporación Empresarial de Materiales de Construcción's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Corporación Empresarial de Materiales de Construcción dividends.
If you bought €2,000 of Corporación Empresarial de Materiales de Construcción shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Corporación Empresarial de Materiales de Construcción's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Corporación Empresarial de Materiales de Construcción's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BME:CMC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Building Industry Average Dividend Yield Market Cap Weighted Average of 53 Stocks 2.3%
Spain Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 4.4%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.2%
Spain Bottom 25% Dividend Yield 25th Percentile 2.2%
Spain Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BME:CMC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2011-11-14 0.000 0.000
2011-08-30 0.000 0.000
2011-07-15 0.000 0.000
2011-05-11 0.000 0.000
2011-03-24 0.000 0.000
2010-03-25 0.640 0.841

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Corporación Empresarial de Materiales de Construcción has not reported any payouts.
  • Unable to verify if Corporación Empresarial de Materiales de Construcción's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Corporación Empresarial de Materiales de Construcción's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Corporación Empresarial de Materiales de Construcción 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.
X
Income/ dividend checks
We assess Corporación Empresarial de Materiales de Construcción's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Corporación Empresarial de Materiales de Construcción afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corporación Empresarial de Materiales de Construcción has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CMC Management

 What is the CEO of Corporación Empresarial de Materiales de Construcción's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Javier González Ochoa
COMPENSATION €434,757
CEO Bio

Mr. Javier González Ochoa serves as an Executive President and Chief Executive Officer at Corporacion Empresarial de Materiales de Construccion, S.A. Mr. González Ochoa serves as a General Counsel, Secretary, Member of Board of Directors and Human Resource Manager at NEFINSA, S.A. Previously, he served as the General Manager for Legal Advisory at Grupo Uralita till January 2004. He served as General Counsel at Corporacion Empresarial de Materiales de Construccion, S.A until May 20, 2015.He served as General Counsel of Uralita SA. Mr. González Ochoa was a Secretary to the Board and Legal Advisory Manager at FC&M, Sociedad Rectora del Mercado de Futuros y Opciones sobre Cítricos, S.A. He served as Chairman of the Board at Corporacion Empresarial de Materiales de Construccion, S.A., since May 20, 2015 until March 2019 and its Director since 2002 until March 2019. He has been a Director of Air Nostrum L.A.M. He served as a Director of Uralita SA since 2002. Mr. González Ochoa holds a Law degree with a Masters in Legal Advisory from the Madrid Business Institute and Stock Market and Financial Management from the Financial and Stock Market Studies Foundation in Valencia.

CEO Compensation
  • Javier's compensation has increased whilst company is loss making.
  • Javier's remuneration is higher than average for companies of similar size in Spain.
Management Team

Javier González Ochoa

TITLE
CEO & Executive President
COMPENSATION
€435K

Miguel Bertó

TITLE
CFO & Corporate Manager of Finance

Gerardo Manzano

TITLE
Investor Relations Officer and Corporate Planning & Controlling Manager

María Del Carmen Del Novo

TITLE
General Counsel & Company Secretary of the Board
Board of Directors Tenure

Average tenure of the Corporación Empresarial de Materiales de Construcción board of directors in years:

3.4
Average Tenure
  • The tenure for the Corporación Empresarial de Materiales de Construcción board of directors is about average.
Board of Directors

Gonzalo Serratosa Luján

TITLE
Chairman of the Board
COMPENSATION
€57K
TENURE
0.3 yrs

Luis de Mora

TITLE
External Independent Director
COMPENSATION
€89K
TENURE
5 yrs

Manuel De La Carreton

TITLE
Director
TENURE
1.1 yrs

Javier Serratosa Luján

TITLE
Director
COMPENSATION
€611K
TENURE
3.4 yrs

Juan Nieto Bueso

TITLE
External Independent Director
COMPENSATION
€89K
AGE
51
TENURE
11.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Corporación Empresarial de Materiales de Construcción's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Corporación Empresarial de Materiales de Construcción has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CMC News

Simply Wall St News

If You Had Bought Corporación Empresarial de Materiales de Construcción Stock Five Years Ago, You'd Be Sitting On A 80% Loss, Today

It is a pleasure to report that the Corporación Empresarial de Materiales de Construcción, S.A. … Corporación Empresarial de Materiales de Construcción isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last five years Corporación Empresarial de Materiales de Construcción saw its revenue shrink by 53% per year.

Simply Wall St -

How Does Investing In Corporación Empresarial de Materiales de Construcción, S.A. (BME:CMC) Impact The Volatility Of Your Portfolio?

In finance, Beta is a measure of volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility).

Simply Wall St -

Are Corporación Empresarial de Materiales de Construcción SA's (BME:CMC) Interest Costs Too High?

Corporación Empresarial de Materiales de Construcción SA (BME:CMC) is a small-cap stock with a market capitalization of €44m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

One Thing To Consider Before Buying Corporación Empresarial de Materiales de Construcción SA (BME:CMC)

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

With A -88.24% Earnings Drop, Is Corporación Empresarial de Materiales de Construcción SA's (BME:CMC) A Concern?

After looking at Corporación Empresarial de Materiales de Construcción SA's (BME:CMC) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … See our latest analysis for Corporación Empresarial de Materiales de Construcción? … CMC is loss-making, with the most recent trailing twelve-month earnings of -€30.44m (from 31 December 2017), which compared to last year has become

Simply Wall St -

Who Are The Major Shareholders In Corporación Empresarial de Materiales de Construcción SA. (BME:CMC)?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership in CMC is not at a level that would concern investors.

Simply Wall St -

Is This A Catalyst To Buy Corporación Empresarial de Materiales de Construcción SA. (BME:CMC)?

Corporación Empresarial de Materiales de Construcción may need to come to market again, but the question is, when? … BME:CMC Income Statement Apr 24th 18 When will Corporación Empresarial de Materiales de Construcción need to raise more cash? … However, even with declining costs, the current level of cash is not enough to sustain Corporación Empresarial de Materiales de Construcción’s operations and the company may need to come to market to raise more capital within the year.

Simply Wall St -

One Thing To Consider Before Buying Corporación Empresarial de Materiales de Construcción SA. (BME:CMC)

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … Any stock with a beta of greater than one is considered more volatile than the market, and those with a beta less than one is generally less volatile. … CMC, with its market capitalisation of €83.08M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Should You Be Concerned With Corporación Empresarial de Materiales de Construcción SA.'s (BME:CMC) -88.24% Earnings Drop?

After looking at Corporación Empresarial de Materiales de Construcción SA.'s (BME:CMC) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … For Corporación Empresarial de Materiales de Construcción, its latest earnings (trailing twelve month) is -€30.44M, which compared to the prior year's level, has become more negative. … BME:CMC Income Statement Mar 27th 18 We can further assess Corporación Empresarial de Materiales de Construcción's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

Are Corporación Empresarial de Materiales de Construcción SA.'s (BME:CMC) Interest Costs Too High?

With this debt payback, CMC currently has €12.58M remaining in cash and short-term investments for investing into the business. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: CMC’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

CMC Company Info

Description

Corporación Empresarial de Materiales de Construcción, S.A. manufactures and sells piping systems and fittings for infrastructure and building sectors. The company offers PVC plastic pipes and fittings under the Adequa trademark. The company was founded in 1907 and is headquartered in Madrid, Spain. Corporación Empresarial de Materiales de Construcción, S.A. is a subsidiary of NEFINSA, S.A.

Details
Name: Corporación Empresarial de Materiales de Construcción, S.A.
CMC
Exchange: BME
Founded: 1907
€24,973,840
9,793,663
Website: http://www.coemac.com
Address: Corporación Empresarial de Materiales de Construcción, S.A.
Paseo de Recoletos, 3,
Planta 5,
Madrid,
Madrid, 28004,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME CMC Bearer Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
254
Corporación Empresarial de Materiales de Construcción employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:32
End of day share price update: 2019/06/19 00:00
Last earnings filing: 2019/04/04
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.