BIT:CDR

Stock Analysis Report

Executive Summary

CdR Advance Capital S.p.A. engages in the financial distressed activities in Italy.


Snowflake Analysis

Undervalued with acceptable track record.

Share Price & News

How has CdR Advance Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CDR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

CDR

9.5%

IT Professional Services

1.0%

IT Market


1 Year Return

-99.9%

CDR

42.3%

IT Professional Services

17.6%

IT Market

Return vs Industry: CDR underperformed the Italian Professional Services industry which returned 42.3% over the past year.

Return vs Market: CDR underperformed the Italian Market which returned 17.6% over the past year.


Shareholder returns

CDRIndustryMarket
7 Day0%9.5%1.0%
30 Day0%11.8%4.1%
90 Day-99.9%13.2%6.5%
1 Year-99.9%-99.9%44.8%42.3%22.8%17.6%
3 Year-99.9%-99.9%48.9%37.0%39.4%25.4%
5 Year-99.9%-99.9%86.8%62.2%17.6%-22.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is CdR Advance Capital undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CDR (€0) is trading below our estimate of fair value (€11.21)

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


Price To Earnings Ratio

PE vs Industry: CDR is good value based on its PE Ratio (0x) compared to the Professional Services industry average (20.4x).

PE vs Market: CDR is good value based on its PE Ratio (0x) compared to the Italian market (18.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CDR is good value based on its PB Ratio (0x) compared to the XE Professional Services industry average (2.3x).


Next Steps

Future Growth

How is CdR Advance Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.6%

Forecasted Commercial Services 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 CdR Advance Capital 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.


Next Steps

Past Performance

How has CdR Advance Capital performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CDR has a large one-off gain of €1.9M impacting its June 30 2019 financial results.

Growing Profit Margin: CDR's current net profit margins (6.9%) are lower than last year (12.9%).


Past Earnings Growth Analysis

Earnings Trend: CDR has become profitable over the past 5 years, growing earnings by 12.3% per year.

Accelerating Growth: CDR's earnings growth over the past year (64.7%) exceeds its 5-year average (12.3% per year).

Earnings vs Industry: CDR earnings growth over the past year (64.7%) exceeded the Professional Services industry 18.2%.


Return on Equity

High ROE: CDR's Return on Equity (4.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is CdR Advance Capital's financial position?


Financial Position Analysis

Short Term Liabilities: CDR's short term assets (€48.9M) exceed its short term liabilities (€20.1M).

Long Term Liabilities: CDR's short term assets (€48.9M) exceed its long term liabilities (€24.0M).


Debt to Equity History and Analysis

Debt Level: CDR's debt to equity ratio (122.7%) is considered high.

Reducing Debt: CDR's debt to equity ratio has increased from 9.9% to 122.7% over the past 5 years.

Debt Coverage: CDR's debt is well covered by operating cash flow (43.1%).

Interest Coverage: CDR's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: CDR's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is CdR Advance Capital's current dividend yield, its reliability and sustainability?

10200.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CDR's dividend (10200%) is higher than the bottom 25% of dividend payers in the Italian market (1.94%).

High Dividend: CDR's dividend (10200%) is in the top 25% of dividend payers in the Italian market (4.37%)


Stability and Growth of Payments

Stable Dividend: CDR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CDR's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (98.6%), CDR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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


CEO

Mauro Girardi (57yo)

Mr. Mauro Girardi serves as Chairman and Chief Executive Officer of CdR Advance Capital S.p.A. Mr. Girardi has been Chairman of the Board of Directors and Chief Executive Officer of Figerbiella since 1984. ...


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 36.3%.


Top Shareholders

Company Information

CdR Advance Capital S.p.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CdR Advance Capital S.p.A.
  • Ticker: CDR
  • Exchange: BIT
  • Founded:
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: €16.996k
  • Shares outstanding: 33.99m
  • Website: https://www.compagniadellaruota.com

Location

  • CdR Advance Capital S.p.A.
  • Via Aldo Moro 3 / A
  • Biella
  • Biella
  • 13900
  • Italy

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CDRBIT (Borsa Italiana)YesClass A sharesITEUROct 2012

Biography

CdR Advance Capital S.p.A. engages in the financial distressed activities in Italy. The company’s financial distressed operations include proposing a bankruptcy agreement; and valuation and subsequent disposal of the assets acquired. It is also involved in the provision of advisory services and assistance in formulating the plan for restructuring and rehabilitation; and debtor's activities directly or through specific vehicles owned and financed by its creditors through conversion or accumulation of the respective creditors and performing third parties. The company is based in Biella, Italy. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 22:21
End of Day Share Price2020/01/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.