BME:CMC

Stock Analysis Report

Corporación Empresarial de Materiales de Construcción

Executive Summary

Corporación Empresarial de Materiales de Construcción, S.A.

Rewards

Earnings have grown 22.1% per year over the past 5 years

Risk Analysis

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (€5K)

Currently unprofitable and not forecast to become profitable over the next 3 years

Does not have a meaningful market cap (€28M)



Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

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Share Price & News

How has Corporación Empresarial de Materiales de Construcción's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CMC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

CMC

3.1%

ES Building

1.7%

ES Market


1 Year Return

-42.1%

CMC

27.0%

ES Building

9.2%

ES Market

Return vs Industry: CMC underperformed the Spanish Building industry which returned 26.7% over the past year.

Return vs Market: CMC underperformed the Spanish Market which returned 9% over the past year.


Shareholder returns

CMCIndustryMarket
7 Day0%3.1%1.7%
30 Day-0.7%3.9%2.9%
90 Day5.5%8.0%7.4%
1 Year-42.1%-42.1%30.2%27.0%13.0%9.2%
3 Year-76.3%-76.3%28.7%19.9%17.5%6.3%
5 Year-80.1%-80.1%65.5%46.2%12.4%-6.3%

Price Volatility Vs. Market

How volatile is Corporación Empresarial de Materiales de Construcción's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Corporación Empresarial de Materiales de Construcción undervalued compared to its fair value and its price relative to the market?


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.


Next Steps

  • 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.
  • 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 regulatory filings.
  • Explore potentially undervalued companies in the Capital Goods industry.

Future Growth

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

8.8%

Forecasted Capital Goods 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 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

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

22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CMC is currently unprofitable.

Growing Profit Margin: CMC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CMC is unprofitable, but has reduced losses over the past 5 years at a rate of 22.1% per year.

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

Earnings vs Industry: CMC is unprofitable, making it difficult to compare its past year earnings growth to the Building industry (4.6%).


Return on Equity

High ROE: CMC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Corporación Empresarial de Materiales de Construcción's financial position?


Financial Position Analysis

Short Term Liabilities: CMC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: CMC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: CMC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: CMC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: CMC has a low level of unsold assets or inventory.

Debt Coverage by Assets: CMC has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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.

Stable Cash Runway: CMC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CMC has less than a year of cash runway if free cash flow continues to reduce at historical rates of -22.7% each year


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%5.3%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate CMC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CMC's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: CMC is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

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


Next Steps

Management

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

3.7yrs

Average board tenure


CEO

Javier González Ochoa 0

€36,000

Compensation

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, Secreta ...


CEO Compensation Analysis

Compensation vs Market: Javier's total compensation ($USD0.00) is below average for companies of similar size in the Spanish market ($USD316.00K).

Compensation vs Earnings: Javier's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Javier Serratosa Luján
Chairman of the Board of Directors0.7yrs€72.00k0.000010% 2.8
Gonzalo Serratosa Luján
Director13.1yrs€66.00k0.000010% 2.8
Luis Caruana Font de Mora
External Independent Director5.7yrs€78.00kno data
Juan Manuel De La Pena Carreton
Director1.8yrsno datano data

3.7yrs

Average Tenure

Experienced Board: CMC's board of directors are considered experienced (3.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Corporación Empresarial de Materiales de Construcción, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Corporación Empresarial de Materiales de Construcción, S.A.
  • Ticker: CMC
  • Exchange: BME
  • Founded: 1907
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: €28.243m
  • Shares outstanding: 9.84m
  • Website: https://coemac.com

Number of Employees


Location

  • Corporación Empresarial de Materiales de Construcción, S.A.
  • Paseo de la Castellana, 135
  • 7th Floor
  • Madrid
  • Madrid
  • 28046
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMCBME (Bolsas y Mercados Espanoles)YesBearer SharesESEURJan 1992
0Z9ZLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992

Biography

Corporación Empresarial de Materiales de Construcción, S.A. manufactures and sells piping systems and fittings. It 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 20:33
End of Day Share Price2020/01/30 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.