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Cambridge Technology Enterprises

NSEI:CTE
Snowflake Description

Outstanding track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CTE
NSEI
₹828M
Market Cap
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Last updated 2019/04/23 12:51
Company description

Cambridge Technology Enterprises Limited, a business and technology services company, provides service oriented architecture based enterprise transformation and integration solutions, and services. The last earnings update was 71 days ago. More info.

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CTE Share Price and Events
7 Day Returns
-5.8%
NSEI:CTE
1%
IN IT
-1.2%
IN Market
1 Year Returns
-35.1%
NSEI:CTE
19.1%
IN IT
-2.5%
IN Market
CTE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cambridge Technology Enterprises (CTE) -5.8% -6.2% -5.6% -35.1% -58.6% 1054.2%
IN IT 1% 5.1% 9.2% 19.1% 49.1% 81.5%
IN Market -1.2% 1.4% 4.8% -2.5% 40% 69.9%
1 Year Return vs Industry and Market
  • CTE underperformed the IT industry which returned 19.1% over the past year.
  • CTE underperformed the Market in India which returned -2.5% over the past year.
Price Volatility
CTE
Industry
5yr Volatility vs Market

CTE Value

 Is Cambridge Technology Enterprises undervalued based on future cash flows and its price relative to the stock market?

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
Here we compare the current share price of Cambridge Technology Enterprises to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cambridge Technology Enterprises.

NSEI:CTE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.2%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:CTE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.056 (1 + (1- 35%) (17.68%)) 		1.119
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.119 * 8.6%) 		17.17%

Discounted Cash Flow Calculation for NSEI:CTE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cambridge Technology Enterprises is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:CTE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.17%)
2019 36.40 Est @ 8.84% 31.06
2020 39.48 Est @ 8.46% 28.75
2021 42.71 Est @ 8.18% 26.55
2022 46.12 Est @ 7.99% 24.47
2023 49.75 Est @ 7.86% 22.52
2024 53.61 Est @ 7.77% 20.72
2025 57.74 Est @ 7.7% 19.04
2026 62.16 Est @ 7.66% 17.50
2027 66.90 Est @ 7.62% 16.07
2028 71.98 Est @ 7.6% 14.76
Present value of next 10 years cash flows ₹221.43
NSEI:CTE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹71.98 × (1 + 7.55%) ÷ (17.17% – 7.55%) 		₹804.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹804.61 ÷ (1 + 17.17%)10 		₹164.95
NSEI:CTE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹221.43 + ₹164.95 		₹386.38
Equity Value per Share
(INR)		 = Total value / Shares Outstanding
= ₹386.38 / 19.63 		₹19.68
NSEI:CTE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:CTE represents 0.98343x of BSE:532801
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.98343x
Value per Share
(Listing Adjusted, INR)		 = Value per Share (INR) x Listing Adjustment Factor
= ₹ 19.68 x 0.98343 		₹19.36
Value per share (INR) From above. ₹19.36
Current discount Discount to share price of ₹41.55
= -1 x (₹41.55 - ₹19.36) / ₹19.36 		-114.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Cambridge Technology Enterprises is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Cambridge Technology Enterprises's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cambridge Technology Enterprises's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:CTE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹10.39
BSE:532801 Share Price ** BSE (2019-04-23) in INR ₹42.25
India IT Industry PE Ratio Median Figure of 84 Publicly-Listed IT Companies 16.21x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.18x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cambridge Technology Enterprises.

NSEI:CTE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532801 Share Price ÷ EPS (both in INR)

= 42.25 ÷ 10.39

 4.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cambridge Technology Enterprises is good value based on earnings compared to the IN IT industry average.
  • Cambridge Technology Enterprises is good value based on earnings compared to the India market.
Price based on expected Growth
Does Cambridge Technology Enterprises's expected growth come at a high price?
Raw Data
NSEI:CTE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -4.2%per year
India IT Industry PEG Ratio Median Figure of 21 Publicly-Listed IT Companies 1.32x
India Market PEG Ratio Median Figure of 585 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Cambridge Technology Enterprises, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cambridge Technology Enterprises's assets?
Raw Data
NSEI:CTE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹33.70
BSE:532801 Share Price * BSE (2019-04-23) in INR ₹42.25
India IT Industry PB Ratio Median Figure of 108 Publicly-Listed IT Companies 1.35x
India Market PB Ratio Median Figure of 3,629 Publicly-Listed Companies 1.1x
NSEI:CTE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532801 Share Price ÷ Book Value per Share (both in INR)

= 42.25 ÷ 33.70

 1.25x

* Primary Listing of Cambridge Technology Enterprises.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cambridge Technology Enterprises is good value based on assets compared to the IN IT industry average.
Show me more potentially undervalued companies in the IT industry
X
Value checks
We assess Cambridge Technology Enterprises's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
    5. Cambridge Technology Enterprises has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CTE Future Performance

 How is Cambridge Technology Enterprises expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Cambridge Technology Enterprises, future earnings growth has been estimated based on fundamentals.
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!
Annual Growth Rate
-4.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cambridge Technology Enterprises expected to grow at an attractive rate?
  • Cambridge Technology Enterprises's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Cambridge Technology Enterprises's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
  • Unable to compare Cambridge Technology Enterprises's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NSEI:CTE Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:CTE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -4.2%
India IT Industry Earnings Growth Rate Market Cap Weighted Average 9.5%
India IT Industry Revenue Growth Rate Market Cap Weighted Average 9.4%
India Market Earnings Growth Rate Market Cap Weighted Average 18.3%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:CTE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:CTE Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NSEI:CTE Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,031 204
2018-09-30 1,008 161
2018-06-30 1,003 132
2018-03-31 991 0 129
2017-12-31 964 117
2017-09-30 982 152
2017-06-30 988 154
2017-03-31 1,006 283 163
2016-12-31 951 146
2016-09-30 861 121
2016-06-30 762 112
2016-03-31 667 98 91

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cambridge Technology Enterprises's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Cambridge Technology Enterprises 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.
Raw Data
NSEI:CTE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cambridge Technology Enterprises Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CTE Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NSEI:CTE Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 10.39
2018-09-30 8.22
2018-06-30 6.72
2018-03-31 6.58
2017-12-31 5.98
2017-09-30 7.76
2017-06-30 7.86
2017-03-31 8.30
2016-12-31 7.44
2016-09-30 6.14
2016-06-30 5.68
2016-03-31 4.61

*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 Cambridge Technology Enterprises will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cambridge Technology Enterprises's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. 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.
Cambridge Technology Enterprises 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.

Full details on the Future part of the Simply Wall St company analysis model.

CTE Past Performance

  How has Cambridge Technology Enterprises performed over the past 5 years?

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 Cambridge Technology Enterprises's growth in the last year to its industry (IT).
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.
  • Cambridge Technology Enterprises has delivered over 20% year on year earnings growth in the past 5 years.
  • Cambridge Technology Enterprises's 1-year earnings growth exceeds its 5-year average (73.5% vs 49.2%)
  • Cambridge Technology Enterprises's earnings growth has exceeded the IN IT industry average in the past year (73.5% vs 24.5%).
Earnings and Revenue History
Cambridge Technology Enterprises'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.
Raw Data

All data from Cambridge Technology Enterprises Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CTE 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 1,030.60 203.80 35.91
2018-09-30 1,008.19 161.29 35.91
2018-06-30 1,002.64 131.91 35.91
2018-03-31 991.03 129.11 35.91
2017-12-31 964.32 117.45 43.67
2017-09-30 981.55 152.24 43.67
2017-06-30 987.96 154.24 43.67
2017-03-31 1,006.04 162.98 43.67
2016-12-31 951.35 146.19 31.00
2016-09-30 860.78 120.68 31.00
2016-06-30 762.38 111.64
2016-03-31 667.49 90.57 32.32
2015-12-31 585.36 95.86 62.25
2015-09-30 481.72 70.27 62.25
2015-06-30 395.67 44.79
2015-03-31 322.56 31.24 26.98
2014-12-31 263.27 1.10 54.53
2014-09-30 263.33 0.34 47.66
2014-06-30 253.44 3.47
2014-03-31 252.28 11.08 47.66
2013-12-31 500.55 -233.05 211.24
2013-09-30 600.06 -75.82 214.80
2013-06-30 761.60 -82.97 214.80
2013-03-31 904.76 -135.40 212.13
2012-12-31 902.69 -326.94 91.39
2012-09-30 875.16 -455.79 91.39
2012-06-30 834.04 -480.71 91.39

*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.
  • Cambridge Technology Enterprises has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Cambridge Technology Enterprises used its assets more efficiently than the IN IT industry average last year based on Return on Assets.
  • Cambridge Technology Enterprises has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the IT industry
X
Past performance checks
We assess Cambridge Technology Enterprises's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Cambridge Technology Enterprises 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.

Full details on the Past part of the Simply Wall St company analysis model.

CTE Health

 How is Cambridge Technology Enterprises's financial health and their level of debt?

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 Cambridge Technology Enterprises's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cambridge Technology Enterprises is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cambridge Technology Enterprises's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cambridge Technology Enterprises'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4x debt.
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.
Raw Data

All data from Cambridge Technology Enterprises Company Filings, last reported 3 months ago.

NSEI:CTE Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 661.09 146.45 45.22
2018-09-30 661.09 146.45 45.22
2018-06-30 569.87 121.83 9.03
2018-03-31 569.87 121.83 9.03
2017-12-31 514.31 151.98 32.81
2017-09-30 514.31 151.98 32.81
2017-06-30 451.88 124.06 3.17
2017-03-31 451.88 124.06 3.17
2016-12-31 456.14 49.54 25.55
2016-09-30 456.14 49.54 25.55
2016-06-30 387.89 64.85 36.01
2016-03-31 387.89 65.26 36.01
2015-12-31 334.34 46.02 13.90
2015-09-30 334.34 46.02 13.90
2015-06-30 289.26 0.00 19.64
2015-03-31 289.26 0.00 39.62
2014-12-31
2014-09-30
2014-06-30 258.77 0.00 16.32
2014-03-31 258.77 0.00 16.31
2013-12-31 259.36 0.00 16.90
2013-09-30 259.36 0.00 16.90
2013-06-30 247.69 0.00 29.20
2013-03-31 247.69 0.00 29.20
2012-12-31 -432.31 848.55 37.39
2012-09-30 -432.31 848.55 37.39
2012-06-30 -405.45 832.93 36.55
  • Cambridge Technology Enterprises's level of debt (22.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 22.2% today).
  • Debt is not well covered by operating cash flow (0.2%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.1x coverage).
Show me more healthy companies in the IT industry
X
Financial health checks
We assess Cambridge Technology Enterprises's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Cambridge Technology Enterprises has a total score of 4/6, 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:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CTE Dividends

 What is Cambridge Technology Enterprises's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Cambridge Technology Enterprises dividends.
If you bought ₹2,000 of Cambridge Technology Enterprises 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 Cambridge Technology Enterprises's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cambridge Technology Enterprises'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.
Raw Data
NSEI:CTE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India IT Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 1.5%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:CTE Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
NSEI:CTE Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2010-01-15 0.000 0.000
2009-11-03 0.000 0.000
2009-08-03 0.000 0.000
2009-07-01 0.000 0.000
2009-06-01 0.000 0.000
2009-04-24 0.500 2.784

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Cambridge Technology Enterprises has not reported any payouts.
  • Unable to verify if Cambridge Technology Enterprises's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cambridge Technology Enterprises's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cambridge Technology Enterprises has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cambridge Technology Enterprises's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cambridge Technology Enterprises afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Cambridge Technology Enterprises has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CTE Management

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

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
Aashish Kalra
COMPENSATION ₹0
TENURE AS CEO 3.6 years
CEO Bio

Mr. Aashish Kalra is a Co-Founder and serves as Managing Director at Trikona Advisors. Mr. Kalra has been Chairman and Chief Executive Officer of Cambridge Technology Enterprises Limited since September 8, 2015. Mr. Kalra also serves as a Manager of Trikona Trinity Capital. He serves as Managing Director of Trikona Capital Limited. Mr. Kalra was Managing Partner of Cambridge Energy Resources, Inc. Prior to that, he was involved with a number of information technology and venture capital firms. He was a Managing Director and Co-Founder at Spydre Technologies, where he built a portfolio of a dozen companies. He was a Partner at Cambridge Technology Enterprises. He was a Co-Founder at Cambridge Samsung Partners. He co-founded Cambridge Samsung Resources Worldwide. He is a Co-Founder and Director of India Infrastructure and Urban Development Company (IIUDC). Prior to IIUDC, he was responsible for raising one of the largest funds dedicated to the Indian infrastructure and real estate. Mr. Kalra is the Chairman of Cambridge Innovations. He has been the Director of Cambridge Technology Enterprises Limited since May 14, 2015. He is often quoted in international media outlets and was featured in the “Young Turks” program on CNBC. He is a frequent speaker and has participated in industry events in New York, Europe, India, China and the Middle East. He is also the recipient of "Outstanding 50 Asian Americans in Business" award, conferred by the Asian American Business Centre, NY in the year 2008. Mr. Kalra has a Master's degree in International Finance from Brandeis University, Waltham, U.S. and a B.A. (Hons) in Economics from St Stephens College, Delhi after graduating from The Doon School, India.

CEO Compensation
  • Insufficient data for Aashish to compare compensation growth.
  • Aashish's remuneration is lower than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Cambridge Technology Enterprises management team in years:

2.8
Average Tenure
44
Average Age
  • The tenure for the Cambridge Technology Enterprises management team is about average.
Management Team

Aashish Kalra

TITLE
Chairman & CEO
TENURE
3.6 yrs

Swaroop Dharani

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
59

Riaz Mohammad

TITLE
Director of Delivery
AGE
44

Chirravuri Leeladhar

TITLE
Chief Financial Officer
TENURE
0.7 yrs

Hanumant Bhansali

TITLE
Head of Investor Relations & Manager of Corporate Finance
TENURE
3.2 yrs

Rajan Lukose

TITLE
CTO & Chief Scientist of Cambridge Datascience
TENURE
2.4 yrs

Alan Roth

TITLE
General Counsel
TENURE
3.2 yrs

Ashish Bhattad

TITLE
Company Secretary & Compliance Officer
TENURE
0.7 yrs

Peter Buckley

TITLE
Vice President of Sales

Md Ahmed

TITLE
Head CLOC Operations
AGE
37
Board of Directors Tenure

Average tenure and age of the Cambridge Technology Enterprises board of directors in years:

5.6
Average Tenure
57
Average Age
  • The tenure for the Cambridge Technology Enterprises board of directors is about average.
Board of Directors

Aashish Kalra

TITLE
Chairman & CEO
TENURE
3.6 yrs

Swaroop Dharani

TITLE
Whole Time Director
COMPENSATION
₹3M
AGE
59
TENURE
20.3 yrs

Venkat Motaparthy

TITLE
Independent Director
COMPENSATION
₹130K
AGE
57
TENURE
7.2 yrs

Jayalakshmi Kanukollu

TITLE
Independent Director
COMPENSATION
₹70K
TENURE
4.1 yrs

Stefan Hetges

TITLE
Non-Executive Director
AGE
55
TENURE
8.4 yrs

Usha Srikanth

TITLE
Independent Director
AGE
57
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Cambridge Technology Enterprises's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Cambridge Technology Enterprises has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CTE News

Simply Wall St News

Cambridge Technology Enterprises Limited (NSE:CTE) Earns Among The Best Returns In Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … Analysts use this formula to calculate return on capital employed:

Simply Wall St - –

Wish You Were Here: How Cambridge Technology Enterprises (NSE:CTE) Shareholders Made A Stonking Gain Of 1212%

One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. … We can see that the Cambridge Technology Enterprises share price is down 59% in the last three years.

Simply Wall St - –

Read This Before You Buy Cambridge Technology Enterprises Limited (NSE:CTE) Because Of Its P/E Ratio

We'll show how you can use Cambridge Technology Enterprises Limited's (NSE:CTE) P/E ratio to inform your assessment of the investment opportunity. … Cambridge Technology Enterprises has a price to earnings ratio of 5.01, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St - –

Why We Like Cambridge Technology Enterprises Limited’s (NSE:CTE) 25% Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St - –

Is Cambridge Technology Enterprises Limited's (NSE:CTE) ROE Of 24% Impressive?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Cambridge Technology Enterprises Limited (NSE:CTE). … Over the last twelve months Cambridge Technology Enterprises has recorded a ROE of 24%. … View our latest analysis for Cambridge Technology Enterprises?

Simply Wall St - –

Cambridge Technology Enterprises Limited (NSE:CTE): Should The Recent Earnings Drop Worry You?

Investors may find my commentary, albeit very high-level and brief, on Cambridge Technology Enterprises Limited (NSE:CTE) useful as an attempt to give more color around how Cambridge Technology Enterprises is currently performing. … See our latest analysis for Cambridge Technology Enterprises? … In terms of returns from investment, Cambridge Technology Enterprises has

Simply Wall St - –

Is Cambridge Technology Enterprises Limited's (NSE:CTE) PE Ratio A Signal To Buy For Investors?

Cambridge Technology Enterprises Limited (NSE:CTE) is trading with a trailing P/E of 7.6, which is lower than the industry average of 17. … While this makes CTE appear like a good stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio. … See our latest analysis for Cambridge Technology Enterprises

Simply Wall St - –

What Investors Should Know About Cambridge Technology Enterprises Limited's (NSE:CTE) Financial Strength

Investors are always looking for growth in small-cap stocks like Cambridge Technology Enterprises Limited (NSE:CTE), with a market cap of ₹1.02b. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St - –

Is Cambridge Technology Enterprises Limited's (NSE:CTE) 22.66% ROE Strong Compared To Its Industry?

and looking to gauge the potential return on investment in Cambridge Technology Enterprises Limited (NSE:CTE). … Cambridge Technology Enterprises Limited (NSE:CTE) outperformed the it consulting and other services industry on the basis of its ROE – producing a higher 22.66% relative to the peer average of 13.08% over the past 12 months. … If CTE borrows debt to invest in its business, its profits will be higher.

Simply Wall St - –

Why I Like Cambridge Technology Enterprises Limited (NSE:CTE)

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Cambridge Technology Enterprises Limited (NSE:CTE), it

Simply Wall St - –

CTE Company Info

Description

Cambridge Technology Enterprises Limited, a business and technology services company, provides service oriented architecture based enterprise transformation and integration solutions, and services. The company offers application development services and cloud solutions; application migration and transformation services; development services; identity access and management solutions; infrastructure management services; and application management and support services that provide support services for applications, middleware, infrastructure platforms, and technologies. It also offers application testing services, such as functional, regression, and load testing, as well as test automation and infrastructure planning; and enterprise mobility services. In addition, the company provides artificial intelligence services; big data services, including data potential, data warehouse, data analytics and visualization, and data value services. Further, it offers cloud services comprising cloud strategy, cloud transformation and migration, cloud Software as a Service development, and managed services. The company serves the midsize market enterprises and the midsize units of Global 2000 enterprises across a range of industries. Cambridge Technology Enterprises Limited was founded in 1999 and is based in Hyderabad, India.

Details
Name: Cambridge Technology Enterprises Limited
CTE
Exchange: NSEI
Founded: 1999
₹828,428,833
19,631,015
Website: http://www.ctepl.com
Address: Cambridge Technology Enterprises Limited
Cyber Pearl,
Unit No. 04-03, Level 4,
Hyderabad,
Andhra Pradesh, 500081,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532801 Equity Shares Mumbai Stock Exchange IN INR 07. Feb 2007
NSEI CTE Equity Shares National Stock Exchange of India IN INR 07. Feb 2007
Number of employees
Current staff
Staff numbers
352
Cambridge Technology Enterprises employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 12:51
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2017/05/24
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.

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