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CORD

Cordiant Digital Infrastructure LSE:CORD Stock Report

Last Price

UK£1.07

Market Cap

UK£827.7m

7D

0%

1Y

-4.5%

Updated

13 Aug, 2022

Data

Company Financials
CORD fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

CORD Stock Overview

Cordiant Digital Infrastructure Limited is an investment firm specializes in investments in buy & build, capital expenditure and bolt-on acquisitions and digital infrastructure assets in the middle-market.

Cordiant Digital Infrastructure Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Cordiant Digital Infrastructure
Historical stock prices
Current Share PriceUK£1.07
52 Week HighUK£1.16
52 Week LowUK£1.02
Beta0
1 Month Change2.89%
3 Month Change0.47%
1 Year Change-4.46%
3 Year Changen/a
5 Year Changen/a
Change since IPO8.08%

Recent News & Updates

Shareholder Returns

CORDGB Capital MarketsGB Market
7D0%1.5%0.4%
1Y-4.5%-13.5%-9.0%

Return vs Industry: CORD exceeded the UK Capital Markets industry which returned -13.5% over the past year.

Return vs Market: CORD exceeded the UK Market which returned -7.8% over the past year.

Price Volatility

Is CORD's price volatile compared to industry and market?
CORD volatility
CORD Average Weekly Movement1.9%
Capital Markets Industry Average Movement4.5%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: CORD is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CORD's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2021342Benn Mikulahttps://www.cordiantdigitaltrust.com

Cordiant Digital Infrastructure Limited is an investment firm specializes in investments in buy & build, capital expenditure and bolt-on acquisitions and digital infrastructure assets in the middle-market. It focuses on investing in companies operating in data and cloud centers, mobile telecommunications/ broadcast towers, distributed sensor networks and fibre-optic network assets businesses. The firm seeks to invest in digital assets in the United Kingdom, Europe, Canada and North America.

Cordiant Digital Infrastructure Fundamentals Summary

How do Cordiant Digital Infrastructure's earnings and revenue compare to its market cap?
CORD fundamental statistics
Market CapUK£827.71m
Earnings (TTM)UK£41.10m
Revenue (TTM)UK£34.62m

20.1x

P/E Ratio

23.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CORD income statement (TTM)
RevenueUK£34.62m
Cost of RevenueUK£0
Gross ProfitUK£34.62m
Other Expenses-UK£6.47m
EarningsUK£41.10m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.053
Gross Margin100.00%
Net Profit Margin118.70%
Debt/Equity Ratio0.0%

How did CORD perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CORD 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 CORD?

Other financial metrics that can be useful for relative valuation.

CORD 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/Revenue13.7x
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

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

CORD PE Ratio vs Peers
The above table shows the PE ratio for CORD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.4x
IPO IP Group
29.8xn/aUK£846.7m
OCI Oakley Capital Investments
3xn/aUK£739.2m
IPX Impax Asset Management Group
18.6x1.5%UK£980.8m
GROW Molten Ventures
2.3x2.1%UK£682.3m
CORD Cordiant Digital Infrastructure
20.1xn/aUK£827.7m

Price-To-Earnings vs Peers: CORD is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the peer average (13.4x).


Price to Earnings Ratio vs Industry

How does CORD's PE Ratio compare vs other companies in the GB Capital Markets Industry?

Price-To-Earnings vs Industry: CORD is expensive based on its Price-To-Earnings Ratio (20.1x) compared to the UK Capital Markets industry average (10.5x)


Price to Earnings Ratio vs Fair Ratio

What is CORD'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.

CORD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.1x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: CORD (£1.07) is trading above our estimate of fair value (£0.85)

Significantly Below Fair Value: CORD 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.


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Future Growth

How is Cordiant Digital Infrastructure 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


12.3%

Forecasted Diversified Financials 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 Cordiant Digital Infrastructure 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.


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  • Examine Cordiant Digital Infrastructure's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Cordiant Digital Infrastructure competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Cordiant Digital Infrastructure performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.2%

Historical Diversified Financials annual earnings growth

Earnings and Revenue History

Quality Earnings: CORD has high quality earnings.

Growing Profit Margin: Insufficient data to determine if CORD's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if CORD's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare CORD's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: Insufficient data to determine if CORD's earnings growth over the past year exceeded the Capital Markets industry average.


Return on Equity

High ROE: CORD's Return on Equity (5%) is considered low.


Discover strong past performing companies

Financial Health

How is Cordiant Digital Infrastructure's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CORD's short term assets (£413.5M) exceed its short term liabilities (£1.0M).

Long Term Liabilities: CORD has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: CORD is debt free.

Reducing Debt: CORD has not had any debt for past 5 years.

Debt Coverage: CORD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CORD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Cordiant Digital Infrastructure 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


2.80%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CORD's dividend (2.8%) is higher than the bottom 25% of dividend payers in the UK market (1.8%).

High Dividend: CORD's dividend (2.8%) is low compared to the top 25% of dividend payers in the UK market (5.11%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (24%), CORD's dividend payments are well covered by earnings.


Cash Payout to Shareholders

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


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Management

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


CEO

Benn Mikula

no data

Tenure

Mr. Benn Ashelm Mikula is a Managing Partner, Co-CEO and Head of Investments at Cordiant Digital Infrastructure Limited. He serves as a Board Member, Partner and Co-Chief Executive Officer at Cordiant Capi...


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 been diluted in the past year, with total shares outstanding growing by 34.9%.


Top Shareholders

Company Information

Cordiant Digital Infrastructure Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Cordiant Digital Infrastructure Limited
  • Ticker: CORD
  • Exchange: LSE
  • Founded: 2021
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£827.709m
  • Shares outstanding: 773.56m
  • Website: https://www.cordiantdigitaltrust.com

Number of Employees


Location

  • Cordiant Digital Infrastructure Limited
  • Trafalgar Court
  • 2nd Floor
  • Saint Peter Port
  • GY1 4LY
  • Guernsey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/13 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.