Cargotec
Market Cap
€2.2b
Last Updated
2020/01/27 20:51 UTC
Data Sources
Company Financials +
Executive Summary
Cargotec Corporation provides cargo and load handling solutions worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record, good value and pays a dividend.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-2.3%
CGCBV
-1.3%
FI Machinery
-0.5%
FI Market
1 Year Return
10.7%
CGCBV
19.4%
FI Machinery
9.2%
FI Market
Return vs Industry: CGCBV underperformed the Finnish Machinery industry which returned 21.5% over the past year.
Return vs Market: CGCBV exceeded the Finnish Market which returned 11.5% over the past year.
Shareholder returns
| CGCBV | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -1.3% | -0.5% |
| 30 Day | 5.7% | 1.7% | 3.2% |
| 90 Day | 2.9% | 5.5% | 6.6% |
| 1 Year | 14.6%10.7% | 24.0%19.4% | 14.2%9.2% |
| 3 Year | -20.5%-26.6% | 27.9%15.5% | 32.4%16.4% |
| 5 Year | 33.3%17.8% | 53.8%30.1% | 51.2%22.2% |
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
Could The Cargotec Corporation (HEL:CGCBV) Ownership Structure Tell Us Something Useful?2 weeks ago | Simply Wall St
Does Cargotec Corporation's (HEL:CGCBV) CEO Salary Compare Well With Others?3 weeks ago | Simply Wall St
How Good Is Cargotec Corporation (HEL:CGCBV) At Creating Shareholder Value?Valuation
Is Cargotec undervalued compared to its fair value and its price relative to the market?
17.11x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CGCBV (€32.16) is trading above our estimate of fair value (€31.22)
Significantly Below Fair Value: CGCBV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CGCBV is good value based on its PE Ratio (17.7x) compared to the Machinery industry average (17.8x).
PE vs Market: CGCBV is good value based on its PE Ratio (16.8x) compared to the Finnish market (20.8x).
Price to Earnings Growth Ratio
PEG Ratio: CGCBV is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: CGCBV is good value based on its PB Ratio (1.4x) compared to the FI Machinery industry average (2.1x).
Next Steps
Future Growth
How is Cargotec forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
24.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CGCBV's forecast earnings growth (24% per year) is above the savings rate (-0.1%).
Earnings vs Market: CGCBV's earnings (24% per year) are forecast to grow faster than the Finnish market (14.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CGCBV's revenue (1.6% per year) is forecast to grow slower than the Finnish market (1.9% per year).
High Growth Revenue: CGCBV's revenue (1.6% 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 (12.6%).
Next Steps
Past Performance
How has Cargotec performed over the past 5 years?
2.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CGCBV has high quality earnings.
Growing Profit Margin: CGCBV's current net profit margins (3.5%) are higher than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: CGCBV's earnings have grown by 2.4% per year over the past 5 years.
Accelerating Growth: CGCBV's earnings growth over the past year (23.5%) exceeds its 5-year average (2.4% per year).
Earnings vs Industry: CGCBV earnings growth over the past year (23.5%) exceeded the Machinery industry 4.5%.
Return on Equity
High ROE: CGCBV's Return on Equity (8.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Cargotec's financial position?
Financial Position Analysis
Short Term Liabilities: CGCBV's short term assets (€2.2B) exceed its short term liabilities (€1.6B).
Long Term Liabilities: CGCBV's short term assets (€2.2B) exceed its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: CGCBV's debt to equity ratio (92.3%) is considered high.
Reducing Debt: CGCBV's debt to equity ratio has increased from 83.7% to 92.3% over the past 5 years.
Debt Coverage: CGCBV's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: CGCBV's interest payments on its debt are well covered by EBIT (12.1x coverage).
Balance Sheet
Inventory Level: CGCBV has a high level of physical assets or inventory.
Debt Coverage by Assets: CGCBV's debt is covered by short term assets (assets are 1.6x debt).
Next Steps
Dividend
What is Cargotec's current dividend yield, its reliability and sustainability?
3.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CGCBV's dividend (3.42%) is higher than the bottom 25% of dividend payers in the Finnish market (2.13%).
High Dividend: CGCBV's dividend (3.42%) is low compared to the top 25% of dividend payers in the Finnish market (4.68%).
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 reasonable payout ratio (57.3%), CGCBV's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CGCBV's dividends in 3 years are forecast to be well covered by earnings (48.6% payout ratio).
Next Steps
Management
What is the CEO of Cargotec's salary, the management and board of directors tenure and is there insider trading?
3.5yrs
Average management tenure
CEO
Mika Vehviläinen (58yo)
6.8yrs
Tenure
€3,362,702
Compensation
Mr. Mika Vehviläinen, M.Sc (Econ and BA), HSE, has been Chief Executive Officer and President of Cargotec Corporation since March 5, 2016 and March 1, 2013 respectively. Mr. Vehviläinen was the Chairman of ...
CEO Compensation Analysis
Compensation vs Market: Mika's total compensation ($USD3.74M) is above average for companies of similar size in the Finnish market ($USD1.40M).
Compensation vs Earnings: Mika's compensation has increased by more than 20% in the past year.
Management Age and Tenure
3.5yrs
Average Tenure
52.5yo
Average Age
Experienced Management: CGCBV's management team is considered experienced (3.5 years average tenure).
Board Age and Tenure
6.8yrs
Average Tenure
60yo
Average Age
Experienced Board: CGCBV's board of directors are considered experienced (6.8 years average tenure).
Insider Trading
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.
Management Team
Mika Vehviläinen (58yo)
CEO & President
- Tenure: 6.8yrs
- Compensation: €3.36m
Soili Mäkinen (59yo)
Chief Information Officer
Mikko Puolakka (50yo)
Executive VP
- Tenure: 3.7yrs
Hanna-Maria Heikkinen (40yo)
Vice President of Investor Relations
- Tenure: 3.3yrs
Mikael Laine (55yo)
Senior Vice President of Strategy
- Tenure: 5.8yrs
Stephen Foster
Senior Vice President of Finance
Mikko Pelkonen (49yo)
Senior Vice President of Human Resources
- Tenure: 6.4yrs
Michel van Roozendaal (56yo)
President of MacGregor
- Tenure: 0.8yrs
Carina Geber-Teir (47yo)
Senior Vice President of Communications
- Tenure: 1.3yrs
Camilla Orko
Vice President of Ethics & Compliance
- Tenure: 0.8yrs
Board Members
Johanna Lamminen (53yo)
Independent Director
- Tenure: 2.8yrs
Jorma Eloranta (68yo)
Independent Non-Executive Director
- Tenure: 6.8yrs
Teuvo Salminen (65yo)
Independent Non-Executive Director
- Tenure: 10yrs
Tapio Hakakari (66yo)
Independent Vice Chairman
- Tenure: 11yrs
Peter Immonen (60yo)
Independent Director
- Tenure: 14.5yrs
Ilkka Herlin (60yo)
Independent Chairman
- Tenure: 15yrs
Heikki Soljama (65yo)
Independent Director
- Tenure: 3.8yrs
Kaisa Olkkonen (55yo)
Independent Director
- Tenure: 3.8yrs
Teresa Kemppi-Vasama (49yo)
Independent Director
- Tenure: 2.8yrs
Company Information
Cargotec Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cargotec Corporation
- Ticker: CGCBV
- Exchange: HLSE
- Founded:
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: €2.190b
- Shares outstanding: 64.40m
- Website: https://www.cargotec.com
Number of Employees
Location
- Cargotec Corporation
- Porkkalankatu 5
- 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 provides cargo handling equipment and automated terminal solutions, software, and services for ports, terminals, distribution centers, and various industries; straddle and shuttle carriers, terminal tractors, yard cranes, ship-to-shore cranes, reachstackers, empty container handlers and forklift trucks, Navis terminal operating systems, and Bromma spreaders. The Hiab segment offers loader cranes, truck mounted forklifts, forestry and recycling cranes, hooklifts, skiploaders, and tail lifts, as well as services and spare parts, which are used in various sectors of on-road transport and delivery. The MacGregor segment offers engineering solutions and lifetime maintenance and service solutions for merchant cargo and passenger vessels; offshore oil and gas and renewable energy sector; fishing, research, and marine-resource vessels; naval operations and logistics vessels; and ports and terminals under the MacGregor, Hatlapa, Porsgrunn, Pusnes, Triplex, and Flintstone brand names. The company serves ports, terminals, distribution centers, fleet operators, single truck owners, and small fleet owners. Cargotec Corporation is headquartered in Helsinki, Finland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/27 20:51 |
| End of Day Share Price | 2020/01/27 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.