company background image
CMM

Commcenter BME:CMM Stock Report

Last Price

€2.10

Market Cap

€12.3m

7D

-1.9%

1Y

122.2%

Updated

30 Sep, 2022

Data

Company Financials
CMM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends2/6

CMM Stock Overview

Commcenter, S.A. provides voice and data solutions for companies, professionals, and individuals in Spain.

Commcenter Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Commcenter
Historical stock prices
Current Share Price€2.10
52 Week High€2.50
52 Week Low€0.93
Beta-0.41
1 Month Change-1.87%
3 Month Change-3.67%
1 Year Change122.22%
3 Year Change123.40%
5 Year Change55.56%
Change since IPO-26.83%

Recent News & Updates

Nov 17
Commcenter (BME:CMM) Has A Somewhat Strained Balance Sheet

Commcenter (BME:CMM) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Apr 18
Commcenter (BME:CMM) Will Be Looking To Turn Around Its Returns

Commcenter (BME:CMM) Will Be Looking To Turn Around Its Returns

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Shareholder Returns

CMMES ElectronicES Market
7D-1.9%0.5%-2.8%
1Y122.2%-26.7%-15.4%

Return vs Industry: CMM exceeded the Spanish Electronic industry which returned -29.4% over the past year.

Return vs Market: CMM exceeded the Spanish Market which returned -16.1% over the past year.

Price Volatility

Is CMM's price volatile compared to industry and market?
CMM volatility
CMM Average Weekly Movement1.5%
Electronic Industry Average Movement5.5%
Market Average Movement3.5%
10% most volatile stocks in ES Market6.4%
10% least volatile stocks in ES Market0.5%

Stable Share Price: CMM is less volatile than 75% of Spanish stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: CMM's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1998600n/ahttps://www.commcenter.es

Commcenter, S.A. provides voice and data solutions for companies, professionals, and individuals in Spain. The company offers fixed connectivity products, such as individual lines, ISDN and ADSL products, voice posts, computer stations, integral positions, telephones and switchboards, and network connections. It also provides mobile connectivity products that include mobile phones and accessories.

Commcenter Fundamentals Summary

How do Commcenter's earnings and revenue compare to its market cap?
CMM fundamental statistics
Market Cap€12.30m
Earnings (TTM)€627.00k
Revenue (TTM)€46.05m

19.6x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMM income statement (TTM)
Revenue€46.05m
Cost of Revenue€38.76m
Gross Profit€7.29m
Other Expenses€6.66m
Earnings€627.00k

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin15.82%
Net Profit Margin1.36%
Debt/Equity Ratio400.2%

How did CMM perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

88%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 CMM?

Other financial metrics that can be useful for relative valuation.

CMM 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/Revenue0.6x
Enterprise Value/EBITDA10.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

CMM PE Ratio vs Peers
The above table shows the PE ratio for CMM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.8x
3670 Kyoritsu Computer & CommunicationLtd
17xn/aJP¥1.8b
3089 Techno Alpha
12.2xn/aJP¥2.0b
1213 Mobicon Group
6.5xn/aHK$86.0m
AMTEL Amtel Holdings Berhad
27.5xn/aRM71.2m
CMM Commcenter
19.6xn/a€12.3m

Price-To-Earnings vs Peers: CMM is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the peer average (15.8x).


Price to Earnings Ratio vs Industry

How does CMM's PE Ratio compare vs other companies in the European Electronic Industry?

Price-To-Earnings vs Industry: CMM is expensive based on its Price-To-Earnings Ratio (19.6x) compared to the European Electronic industry average (18.8x)


Price to Earnings Ratio vs Fair Ratio

What is CMM'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.

CMM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CMM's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: CMM (€2.1) is trading above our estimate of fair value (€1.27)

Significantly Below Fair Value: CMM is trading above our estimate of fair value.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.9%

Forecasted Tech 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 Commcenter 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.


Discover growth companies

  • Commcenter competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Commcenter performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


58.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CMM has a large one-off gain of €435.0K impacting its December 31 2021 financial results.

Growing Profit Margin: CMM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CMM has become profitable over the past 5 years, growing earnings by 58.8% per year.

Accelerating Growth: CMM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CMM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (11.1%).


Return on Equity

High ROE: CMM's Return on Equity (9.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Commcenter'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: CMM's short term assets (€22.0M) exceed its short term liabilities (€20.1M).

Long Term Liabilities: CMM's short term assets (€22.0M) exceed its long term liabilities (€11.5M).


Debt to Equity History and Analysis

Debt Level: CMM's net debt to equity ratio (232.2%) is considered high.

Reducing Debt: CMM's debt to equity ratio has increased from 227.3% to 400.2% over the past 5 years.

Debt Coverage: CMM's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CMM's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.47%

Current Dividend Yield

Dividend Yield vs Market

Commcenter Dividend Yield vs Market
How does Commcenter dividend yield compare to the market?
SegmentDividend Yield
Company (Commcenter)4.5%
Market Bottom 25% (ES)2.3%
Market Top 25% (ES)6.4%
Industry Average (Electronic)1.9%
Analyst forecast in 3 Years (Commcenter)n/a

Notable Dividend: CMM's dividend (4.47%) is higher than the bottom 25% of dividend payers in the Spanish market (2.3%).

High Dividend: CMM's dividend (4.47%) is low compared to the top 25% of dividend payers in the Spanish market (6.29%).


Stability and Growth of Payments

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

Growing Dividend: CMM's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (87.7%), CMM's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: CMM is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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


CEO

Commcenter has no CEO, or we have no data on them.


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

What is the ownership structure of CMM?
Owner TypeNumber of SharesOwnership Percentage
Institutions24,9990.4%
General Public1,231,16421.0%
Private Companies4,603,04278.6%

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


Top Shareholders

Top 5 shareholders own 78.99% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
34.62%
Grupo Osaba URK S.L.
2,028,528€4.3m0%no data
30.55%
Otero Telcom, S.L.U.
1,789,844€3.8m0%no data
8.39%
Grupo Otero S.L.
491,445€1.0m0%no data
5%
Inmobiliaria Pocomaco, S.A.
293,225€615.8k0%no data
0.43%
Gaesco Gestión S.A. SGIIC
24,999€52.5k0%0.06%

Company Information

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


Key Information

  • Name: Commcenter, S.A.
  • Ticker: CMM
  • Exchange: BME
  • Founded: 1998
  • Industry: Technology Distributors
  • Sector: Tech
  • Implied Market Cap: €12.304m
  • Shares outstanding: 5.86m
  • Website: https://www.commcenter.es

Number of Employees


Location

  • Commcenter, S.A.
  • Avda. Do Ferrocarril
  • 74 bajo
  • A Coruña
  • Galicia
  • 15008
  • Spain


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMMBME (Bolsas y Mercados Espanoles)YesShare CapitalESEURDec 2010

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2021/12/31
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.