AIM:CCP

Stock Analysis Report

Executive Summary

Celtic plc, through its subsidiary Celtic F.C.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has Celtic's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

CCP

0.9%

GB Entertainment

-0.8%

GB Market


1 Year Return

-1.2%

CCP

10.1%

GB Entertainment

8.5%

GB Market

Return vs Industry: CCP underperformed the UK Entertainment industry which returned 10.1% over the past year.

Return vs Market: CCP underperformed the UK Market which returned 8.5% over the past year.


Shareholder returns

CCPIndustryMarket
7 Day0.6%0.9%-0.8%
30 Day0.6%-2.4%-0.9%
90 Day0.6%-3.1%1.5%
1 Year-1.2%-1.2%16.7%10.1%14.1%8.5%
3 Year130.3%130.3%52.7%-26.9%19.2%4.0%
5 Year115.1%115.1%81.9%-9.0%41.8%9.5%

Price Volatility Vs. Market

How volatile is Celtic's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

17.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CCP (£1.64) is trading above our estimate of fair value (£0.12)

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


Price To Earnings Ratio

PE vs Industry: CCP is good value based on its PE Ratio (17.6x) compared to the Entertainment industry average (21.3x).

PE vs Market: CCP is poor value based on its PE Ratio (17.6x) compared to the UK market (17.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CCP is overvalued based on its PB Ratio (2.5x) compared to the GB Entertainment industry average (2.4x).


Next Steps

Future Growth

How is Celtic forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-4.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CCP's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if CCP's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CCP's revenue is expected to decline over the next 3 years (-4.5% per year).

High Growth Revenue: CCP's revenue is forecast to decline over the next 3 years (-4.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CCP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Celtic performed over the past 5 years?

41.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCP has a high level of non-cash earnings.

Growing Profit Margin: CCP's current net profit margins (10.5%) are lower than last year (15.2%).


Past Earnings Growth Analysis

Earnings Trend: CCP's earnings have grown significantly by 41% per year over the past 5 years.

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

Earnings vs Industry: CCP had negative earnings growth (-43.3%) over the past year, making it difficult to compare to the Entertainment industry average (23.2%).


Return on Equity

High ROE: CCP's Return on Equity (10.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Celtic's financial position?


Financial Position Analysis

Short Term Liabilities: CCP's short term assets (£62.1M) exceed its short term liabilities (£44.4M).

Long Term Liabilities: CCP's short term assets (£62.1M) exceed its long term liabilities (£16.9M).


Debt to Equity History and Analysis

Debt Level: CCP's debt to equity ratio (11.8%) is considered satisfactory.

Reducing Debt: CCP's debt to equity ratio has reduced from 28.3% to 11.8% over the past 5 years.

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

Interest Coverage: Insufficient data to determine if CCP's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: CCP has a high level of physical assets or inventory.

Debt Coverage by Assets: CCP's debt is covered by short term assets (assets are 6.4x debt).


Next Steps

Dividend

What is Celtic's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.3%industryaverage1.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate CCP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CCP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CCP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCP's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of Celtic's salary, the management and board of directors tenure and is there insider trading?

15.3yrs

Average board tenure


CEO

Peter Lawwell (60yo)

0yrs

Tenure

UK£3,549,026

Compensation

Mr. Peter T. Lawwell serves as the Chief Executive Officer at Celtic PLC and served as its Head of Operations since November 1, 2003. Mr. Lawwell is responsible for the overall charge of all operations of  ...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD4.65M) is above average for companies of similar size in the UK market ($USD660.26K).

Compensation vs Earnings: Peter's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Age and Tenure

15.3yrs

Average Tenure

67yo

Average Age

Experienced Board: CCP's board of directors are seasoned and experienced ( 15.3 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

  • Peter Lawwell (60yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: UK£3.55m
  • Michael Nicholson

    Company Secretary

    • Tenure: 0yrs
  • Chris McKay (43yo)

    Financial Director & Director

    • Tenure: 0yrs
    • Compensation: UK£233.49k
  • Lee Congerton (45yo)

    Head of Recruitment

    • Tenure: 2.8yrs

Board Members

  • Sharon Brown (51yo)

    Non-Executive Director

    • Tenure: 3yrs
    • Compensation: UK£30.00k
  • Dermot Desmond (69yo)

    Independent Non-Executive Director

    • Tenure: 24.6yrs
    • Compensation: UK£25.00k
  • Ian Bankier (67yo)

    Non Executive Chairman

    • Tenure: 8.2yrs
    • Compensation: UK£80.00k
  • Tom Allison (71yo)

    Senior Independent Director

    • Tenure: 18.3yrs
    • Compensation: UK£25.00k
  • Peter Lawwell (60yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: UK£3.55m
  • Brian D. Wilson (70yo)

    Non-Executive Director

    • Tenure: 14.5yrs
    • Compensation: UK£25.00k
  • Chris McKay (43yo)

    Financial Director & Director

    • Tenure: 0yrs
    • Compensation: UK£233.49k

Company Information

Celtic plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Celtic plc
  • Ticker: CCP
  • Exchange: AIM
  • Founded: 1888
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: UK£154.162m
  • Shares outstanding: 94.29m
  • Website: https://www.celticfc.net

Number of Employees


Location

  • Celtic plc
  • Celtic Park
  • Glasgow
  • Lanarkshire
  • G40 3RE
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCPAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 1992
CLTF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMar 1992
CCPBST (Boerse-Stuttgart)YesOrdinary SharesDEEURMar 1992
CCPAAIM (London Stock Exchange AIM Market)6% CUM CNV PREF GBP0.60GBGBPApr 1995
CCPCAIM (London Stock Exchange AIM Market)CNV PREF ORD GBP1GBGBPAug 2001

Biography

Celtic plc, through its subsidiary Celtic F.C. Limited, operates a professional football club in the United Kingdom. The company operates through three segments: Football and Stadium Operations, Merchandis ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/07 20:37
End of Day Share Price2019/12/06 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.