Crosswood (ENXTPA:CROS) - Share price, News & Analysis

CROS fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

CROS Stock Overview

Crosswood SA holds and manages commercial real estate assets in France.

Rewards

Trading at 83.8% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

Latest financial reports are more than 6 months old

Does not have meaningful revenue (€1M)

+ 1 more risk

Crosswood Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Crosswood
Historical stock prices
Current Share Price	€5.60
52 Week High	€7.90
52 Week Low	€4.84
Beta	0.23
1 Month Change	0.90%
3 Month Change	-5.88%
1 Year Change	-5.88%
3 Year Change	18.64%
5 Year Change	66.67%
Change since IPO	-85.44%

Shareholder Returns

	CROS	FR Real Estate	FR Market
7D	-14.5%	-4.0%	-1.1%
1Y	-5.9%	-13.2%	-5.9%

Return vs Industry: CROS exceeded the French Real Estate industry which returned -13.2% over the past year.

Return vs Market: CROS matched the French Market which returned -5.9% over the past year.

Price Volatility

Is CROS's price volatile compared to industry and market?
CROS volatility
CROS Average Weekly Movement	n/a
Real Estate Industry Average Movement	4.9%
Market Average Movement	5.9%
10% most volatile stocks in FR Market	10.0%
10% least volatile stocks in FR Market	3.4%

Stable Share Price: Insufficient data to determine CROS's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine CROS's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1935	n/a	Jacques Lacroix	https://www.crosswood.fr

Crosswood SA holds and manages commercial real estate assets in France. Its property portfolio includes shops and offices, and housing properties. The company was formerly known as Desquenne et Giral.

Crosswood Fundamentals Summary

How do Crosswood's earnings and revenue compare to its market cap?
CROS fundamental statistics
Market Cap	€59.54m
Earnings (TTM)	€5.85m
Revenue (TTM)	€1.48m

10.2x

P/E Ratio

40.4x

P/S Ratio

Is CROS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CROS income statement (TTM)
Revenue	€1.48m
Cost of Revenue	€309.00k
Gross Profit	€1.17m
Other Expenses	-€4.68m
Earnings	€5.85m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.55
Gross Margin	79.05%
Net Profit Margin	396.61%
Debt/Equity Ratio	13.0%

How did CROS perform over the long term?

See historical performance and comparison

Dividends

13.6%

Current Dividend Yield

69%

Payout Ratio

Valuation

Is Crosswood undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CROS (€5.6) is trading below our estimate of fair value (€34.56)

Significantly Below Fair Value: CROS is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: CROS is good value based on its Price-To-Earnings Ratio (10.2x) compared to the French Real Estate industry average (10.5x).

PE vs Market: CROS is good value based on its Price-To-Earnings Ratio (10.2x) compared to the French market (16.2x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CROS's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: CROS's Price-To-Book Ratio (0.8x) is in line with the FR Real Estate industry average.

Future Growth

How is Crosswood 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

-10.5%

Forecasted Real Estate 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 Crosswood 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.

Past Performance

How has Crosswood 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

17.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CROS has high quality earnings.

Growing Profit Margin: CROS's current net profit margins are lower than last year .

Past Earnings Growth Analysis

Earnings Trend: CROS's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: CROS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CROS had negative earnings growth (-30.7%) over the past year, making it difficult to compare to the Real Estate industry average (18.5%).

Return on Equity

High ROE: CROS's Return on Equity (7.5%) is considered low.

Financial Health

How is Crosswood's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CROS's short term assets (€3.3M) do not cover its short term liabilities (€4.5M).

Long Term Liabilities: CROS's short term assets (€3.3M) do not cover its long term liabilities (€20.2M).

Debt to Equity History and Analysis

Debt Level: CROS's net debt to equity ratio (9.1%) is considered satisfactory.

Reducing Debt: CROS's debt to equity ratio has reduced from 18% to 13% over the past 5 years.

Debt Coverage: CROS's debt is not well covered by operating cash flow (17.1%).

Interest Coverage: CROS's interest payments on its debt are well covered by EBIT (3.1x coverage).

Balance Sheet

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

13.57%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CROS's dividend (13.57%) is higher than the bottom 25% of dividend payers in the French market (1.72%).

High Dividend: CROS's dividend (13.57%) is in the top 25% of dividend payers in the French market (5.01%)

Stability and Growth of Payments

Stable Dividend: Too early to tell whether CROS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if CROS's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (69.1%), CROS's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.

Discover strong dividend paying companies

Management

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

CEO

Jacques Lacroix (69 yo)

14yrs

Tenure

Mr. Jacques Lacroix serves as the Chief Executive Officer and Chairman at Crosswood since May 16, 2008. He serves as President of Expansinvest, Halpades and Alpes Capital Innovation. He serves as Chief Exe...

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/27 00:00
End of Day Share Price	2022/05/26 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31