Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Calcom Vision. This is due to cash flow or dividend data being
unavailable. The share price is
₹32.9.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
Calcom Vision's
earnings,
growth
and
assets
is considered below, and whether this is a fair price.
Price based on past earnings
Are
Calcom Vision's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Calcom Vision 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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
it right!
19.8%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
Calcom Vision
expected to grow at an
attractive
rate?
Unable to compare Calcom Vision's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Calcom Vision's earnings growth to the India market average as no estimate data is available.
Unable to compare Calcom Vision's revenue growth to the India market average as no estimate data is available.
Unable to determine if Calcom Vision is high growth as no earnings estimate data is available.
Unable to determine if Calcom Vision is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
All data from Calcom Vision Company Filings, last reported 1 month ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
BSE:517236 Past Financials Data
Date (Data in INR Millions)
EPS *
2018-12-31
4.16
2018-09-30
3.08
2018-06-30
3.22
2018-03-31
3.29
2017-12-31
1.77
2017-09-30
2.28
2017-06-30
1.57
2017-03-31
1.27
2016-12-31
0.41
2016-09-30
0.54
2016-06-30
0.30
2016-03-31
0.21
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
Unable to establish if Calcom Vision will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next steps:
Check out Calcom Vision's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
We assess
Calcom Vision's future performance by looking at:
Is the annual earnings growth rate expected to beat the low risk savings rate, plus a
premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making
in the relevant year.
Calcom Vision
has a total score of
0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
Calcom Vision's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
Calcom Vision has delivered over 20% year on year earnings growth in the past 5 years.
Calcom Vision's 1-year earnings growth exceeds its 5-year average (206.7% vs 73.1%)
Calcom Vision's earnings growth has exceeded the IN Consumer Durables industry average in the past year (206.7% vs 8.8%).
Earnings and Revenue History
Calcom Vision's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
All data from Calcom Vision Company Filings, last reported 1 month ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
BSE:517236 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions)
Revenue
Net Income *
G+A Expenses
R&D Expenses
2018-12-31
463.48
41.28
74.53
2018-09-30
375.25
32.45
68.88
2018-06-30
302.63
29.93
64.36
2018-03-31
249.85
26.71
60.39
2017-12-31
247.75
13.46
54.61
2017-09-30
227.86
15.74
50.36
2017-06-30
184.91
9.87
44.55
2017-03-31
139.92
7.23
38.34
2016-12-31
137.00
1.58
31.39
2016-09-30
133.66
1.72
43.41
2016-06-30
135.01
0.97
37.07
2016-03-31
136.46
0.68
41.23
2015-12-31
108.61
3.09
44.69
0.15
2015-09-30
110.95
-4.96
37.61
0.15
2015-06-30
129.51
-4.10
28.03
2015-03-31
146.58
-4.11
32.75
2014-12-31
155.41
-3.32
31.73
0.04
2014-09-30
160.86
3.91
32.68
0.04
2014-06-30
145.15
-1.70
23.96
2014-03-31
150.73
-0.61
31.04
0.04
2013-12-31
159.45
1.44
34.16
0.09
2013-09-30
173.11
2.64
34.47
0.09
2013-06-30
186.01
-1.12
23.74
2013-03-31
174.15
-3.08
33.80
0.09
2012-12-31
170.44
-7.44
30.53
0.74
2012-09-30
179.38
-10.14
30.49
0.74
2012-06-30
188.72
-1.74
30.28
0.74
2012-03-31
190.94
-2.03
30.59
0.74
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
Calcom Vision made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
Calcom Vision used its assets more efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
Calcom Vision has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
We assess
Calcom Vision's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Consumer Durables
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Calcom Vision
has a total score of
6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).
The boxes below represent the relative size of what makes up
Calcom Vision's finances.
The net worth of a company is the difference between its assets and liabilities.
Net Worth
Calcom Vision is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Calcom Vision's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
Calcom Vision's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
Calcom Vision has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
We assess
Calcom Vision's financial health by checking for:
Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest
at all)? (1 check)
Calcom Vision
has a total score of
6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
Calcom Vision
dividends.
If you bought
₹2,000 of
Calcom Vision
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
Unable to evaluate Calcom Vision's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Calcom Vision's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.
We also check to see if the dividend has increased in the past 10 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
SushilMalik
COMPENSATION
₹12,000,000
AGE
69
TENURE AS CEO
15.6 years
CEO Bio
Mr. Sushil Kumar Malik, B.E., MBA, has been the Chairman and Managing Director at Calcom Visions Ltd. since July 31, 2003. Mr. Malik has been in business for more than 35 years. He is an Electronics Engineer having done his B.Tech from Delhi College of Engineering and M.B.A. from FMS, Delhi.
CEO Compensation
Sushil's compensation has been consistent with company performance over the past year.
Sushil's remuneration is higher than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the
Calcom Vision
management team in years:
1.4
Average Tenure
35
Average Age
The average tenure for the Calcom Vision management team is less than 2 years, this suggests a new team.
Management Team
Sushil Malik
TITLE
Chairman & MD
COMPENSATION
₹12M
AGE
69
TENURE
15.6 yrs
- Pramod
TITLE
Chief Financial Officer and Manager of Finance & Accounts
COMPENSATION
₹530K
AGE
27
TENURE
1.8 yrs
- Bhaktu
TITLE
Manager of Administration & Human Resource
AGE
35
Aayushi Jindal
TITLE
Company Secretary & Compliance Officer
TENURE
0.5 yrs
I. Garg
TITLE
General Manager of Marketing
AGE
57
TENURE
1 yrs
Satish Sharma
TITLE
Manager of Marketing
AGE
35
Board of Directors Tenure
Average tenure and age of the
Calcom Vision
board of directors in years:
4.3
Average Tenure
66
Average Age
The tenure for the Calcom Vision board of directors is about average.
Calcom Vision Limited manufactures and sells lighting and electronic products in India. It offers light emitting diode (LED) lighting products, such as lamps, downlighters, battens, retrofit tubes, and LED panels; luminaires; and electronic ballasts. The company also exports its products. Calcom Vision Limited was founded in 1985 and is based in Greater Noida, India.
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.