Cargotec
Market Cap
€2.8b
Last Updated
2021/02/28 19:40 UTC
Data Sources
Company Financials +
Executive Summary
Cargotec Corporation provides cargo and load handling solutions worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Cargotec's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CGCBV is not significantly more volatile than the rest of Finnish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CGCBV's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
2.0%
CGCBV
-1.3%
FI Machinery
-1.9%
FI Market
1 Year Return
67.7%
CGCBV
18.5%
FI Machinery
16.7%
FI Market
Return vs Industry: CGCBV exceeded the Finnish Machinery industry which returned 18.5% over the past year.
Return vs Market: CGCBV exceeded the Finnish Market which returned 16.7% over the past year.
Shareholder returns
| CGCBV | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.0% | -1.3% | -1.9% |
| 30 Day | 21.5% | 4.2% | -0.9% |
| 90 Day | 30.1% | 5.2% | 3.5% |
| 1 Year | 76.2%67.7% | 29.9%18.5% | 25.3%16.7% |
| 3 Year | 8.5%-2.7% | 35.8%15.9% | 34.9%11.4% |
| 5 Year | 71.1%46.4% | 72.9%36.3% | 74.2%35.6% |
Long-Term Price Volatility Vs. Market
How volatile is Cargotec's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Tread With Caution Around Cargotec Corporation's (HEL:CGCBV) 2.5% Dividend Yield2 weeks ago | Simply Wall St
Cargotec Corporation's (HEL:CGCBV) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?4 weeks ago | Simply Wall St
What Does Cargotec Corporation's (HEL:CGCBV) Share Price Indicate?Valuation
Is Cargotec undervalued compared to its fair value and its price relative to the market?
6.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CGCBV (€43.6) is trading below our estimate of fair value (€46.74)
Significantly Below Fair Value: CGCBV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CGCBV is poor value based on its PE Ratio (346.7x) compared to the FI Machinery industry average (34.2x).
PE vs Market: CGCBV is poor value based on its PE Ratio (346.7x) compared to the Finnish market (27.2x).
Price to Earnings Growth Ratio
PEG Ratio: CGCBV is poor value based on its PEG Ratio (8.5x)
Price to Book Ratio
PB vs Industry: CGCBV is good value based on its PB Ratio (2.2x) compared to the FI Machinery industry average (2.8x).
Next Steps
Future Growth
How is Cargotec forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
40.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CGCBV's forecast earnings growth (40.8% per year) is above the savings rate (0.3%).
Earnings vs Market: CGCBV's earnings (40.8% per year) are forecast to grow faster than the Finnish market (19.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CGCBV's revenue (5.2% per year) is forecast to grow faster than the Finnish market (3.6% per year).
High Growth Revenue: CGCBV's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CGCBV's Return on Equity is forecast to be low in 3 years time (13.3%).
Next Steps
Past Performance
How has Cargotec performed over the past 5 years?
-23.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CGCBV has a large one-off loss of €134.0M impacting its December 31 2020 financial results.
Growing Profit Margin: CGCBV's current net profit margins (0.2%) are lower than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: CGCBV's earnings have declined by 23.7% per year over the past 5 years.
Accelerating Growth: CGCBV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CGCBV had negative earnings growth (-90.9%) over the past year, making it difficult to compare to the Machinery industry average (-32.9%).
Return on Equity
High ROE: CGCBV's Return on Equity (0.6%) is considered low.
Next Steps
Financial Health
How is Cargotec's financial position?
Financial Position Analysis
Short Term Liabilities: CGCBV's short term assets (€2.0B) exceed its short term liabilities (€1.4B).
Long Term Liabilities: CGCBV's short term assets (€2.0B) exceed its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: CGCBV's debt to equity ratio (78.1%) is considered high.
Reducing Debt: CGCBV's debt to equity ratio has increased from 62% to 78.1% over the past 5 years.
Debt Coverage: CGCBV's debt is well covered by operating cash flow (23.6%).
Interest Coverage: CGCBV's interest payments on its debt are well covered by EBIT (7.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Cargotec current dividend yield, its reliability and sustainability?
2.48%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CGCBV's dividend (2.48%) is higher than the bottom 25% of dividend payers in the Finnish market (1.88%).
High Dividend: CGCBV's dividend (2.48%) is low compared to the top 25% of dividend payers in the Finnish market (3.97%).
Stability and Growth of Payments
Stable Dividend: CGCBV's dividend payments have been volatile in the past 10 years.
Growing Dividend: CGCBV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (858.8%), CGCBV's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CGCBV's dividends in 3 years are forecast to be well covered by earnings (38% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Mika Vehviläinen (59 yo)
7.92yrs
Tenure
€1,637,695
Compensation
Mr. Mika Vehviläinen, M.Sc (Econ and BA), HSE, has been Chief Executive Officer and President of Cargotec Czech Republic s.r.o (formerly known as Cargotec Corporation) since March 5, 2016 and March 1, 2013...
CEO Compensation Analysis
Compensation vs Market: Mika's total compensation ($USD1.98M) is about average for companies of similar size in the Finnish market ($USD1.98M).
Compensation vs Earnings: Mika's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 7.92yrs | €1.64m | 0.19% € 5.4m | |
| Executive VP & CFO | 4.75yrs | no data | 0.038% € 1.1m | |
| Chief Information Officer & Senior VP of Digitalisation | no data | no data | 0.018% € 508.6k | |
| Vice President of Investor Relations | 4.33yrs | no data | no data | |
| Vice President of Ethics & Compliance | 1.83yrs | no data | no data | |
| Senior VP | no data | no data | 0.0096% € 269.9k | |
| Senior Vice President of Communications | 2.42yrs | no data | 0.0018% € 50.0k | |
| Senior Vice President of Human Resources | 7.5yrs | no data | 0.066% € 1.8m | |
| Senior Vice President of Finance | no data | no data | no data | |
| Senior Vice President of Strategy | 6.83yrs | no data | 0.023% € 640.0k | |
| President of MacGregor | 1.83yrs | no data | 0.053% € 1.5m | |
| President of Kalmar Automation Solutions | 1.83yrs | no data | 0.022% € 622.9k |
4.3yrs
Average Tenure
55.5yo
Average Age
Experienced Management: CGCBV's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.92yrs | €59.02k | 0.0025% € 69.9k | |
| Independent Non-Executive Director | 11.08yrs | €82.70k | 0.017% € 464.8k | |
| Independent Vice Chairman | 12.08yrs | €81.70k | 0.25% € 7.0m | |
| Independent Director | 15.58yrs | €67.02k | 0.086% € 2.4m | |
| Independent Chairman | 16.08yrs | €115.16k | 0.29% € 8.1m | |
| Independent Director | 4.92yrs | €58.02k | 0.0029% € 82.6k | |
| Independent Director | 4.92yrs | €68.02k | 0.0029% € 82.6k | |
| Independent Director | 3.92yrs | €65.02k | 0.0025% € 69.9k |
8.0yrs
Average Tenure
61yo
Average Age
Experienced Board: CGCBV's board of directors are considered experienced (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
Cargotec Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cargotec Corporation
- Ticker: CGCBV
- Exchange: HLSE
- Founded: 2005
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: €2.808b
- Shares outstanding: 64.41m
- Website: https://www.cargotec.com
Number of Employees
Location
- Cargotec Corporation
- Porkkalankatu 5
- P.O. Box, 00501
- Helsinki
- Uusimaa
- 180
- Finland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CGCBV | HLSE (OMX Nordic Exchange Helsinki) | Yes | Class B Shares | FI | EUR | Jun 2005 |
| C1C | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Jun 2005 |
| 0MGH | LSE (London Stock Exchange) | Yes | Class B Shares | GB | EUR | Jun 2005 |
| CYJB.F | OTCPK (Pink Sheets LLC) | Yes | Class B Shares | US | USD | Jun 2005 |
| CGCBVH | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | EUR | Jun 2005 |
| CYJB.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2008 |
Biography
Cargotec Corporation provides cargo and load handling solutions worldwide. It operates in three segments: Kalmar, Hiab, and MacGregor. The Kalmar segment offers cargo handling equipment and automated termi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 19:40 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.