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CCC

WSE:CCC
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CCC
WSE
PLN9B
Market Cap
  1. Home
  2. PL
  3. Consumer Durables
Company description

CCC S.A. engages in the manufacture, wholesale, and retail of footwear for men, women, and children in Poland, Central and Eastern Europe, Western Europe, and internationally. The last earnings update was 42 days ago. More info.


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CCC Share Price and Events
7 Day Returns
-1.2%
WSE:CCC
-1.7%
PL Luxury
-0.5%
PL Market
1 Year Returns
-10%
WSE:CCC
-10.1%
PL Luxury
-1.1%
PL Market
CCC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CCC (CCC) -1.2% 9.6% 23.8% -10% 36.2% 81.3%
PL Luxury -1.7% 2.8% 6.5% -10.1% 37.8% 27.1%
PL Market -0.5% 1.1% -0.4% -1.1% 13.5% -4%
1 Year Return vs Industry and Market
  • CCC underperformed the Market in Poland which returned -1.1% over the past year.
Price Volatility
CCC
Industry
5yr Volatility vs Market

Value

 Is CCC 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 CCC 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 CCC.

WSE:CCC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
Perpetual Growth Rate 10-Year PL Government Bond Rate 2.9%

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 WSE:CCC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year PL Govt Bond Rate 2.9%
Equity Risk Premium S&P Global 7.1%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 19%) (30.88%))
0.941
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.85% + (0.941 * 7.14%)
9.57%

Discounted Cash Flow Calculation for WSE:CCC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CCC 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.

WSE:CCC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (PLN, Millions) Source Present Value
Discounted (@ 9.57%)
2019 31.50 Analyst x2 28.75
2020 553.67 Analyst x3 461.17
2021 488.00 Analyst x2 370.97
2022 447.00 Analyst x1 310.13
2023 500.00 Analyst x1 316.60
2024 490.04 Est @ -1.99% 283.19
2025 487.41 Est @ -0.54% 257.07
2026 489.73 Est @ 0.48% 235.73
2027 495.56 Est @ 1.19% 217.70
2028 503.92 Est @ 1.69% 202.04
Present value of next 10 years cash flows PLN2,683.36
WSE:CCC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= PLN503.92 × (1 + 2.85%) ÷ (9.57% – 2.85%)
PLN7,712.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= PLN7,712.41 ÷ (1 + 9.57%)10
PLN3,092.20
WSE:CCC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= PLN2,683.36 + PLN3,092.20
PLN5,775.56
Equity Value per Share
(PLN)
= Total value / Shares Outstanding
= PLN5,775.56 / 41.17
PLN140.29
WSE:CCC Discount to Share Price
Calculation Result
Value per share (PLN) From above. PLN140.29
Current discount Discount to share price of PLN230.20
= -1 x (PLN230.20 - PLN140.29) / PLN140.29
-64.1%

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

  • The current share price of CCC 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 CCC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CCC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:CCC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in PLN PLN5.49
WSE:CCC Share Price ** WSE (2019-04-25) in PLN PLN230.2
Poland Luxury Industry PE Ratio Median Figure of 11 Publicly-Listed Luxury Companies 9.87x
Poland Market PE Ratio Median Figure of 459 Publicly-Listed Companies 10.97x

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

** Primary Listing of CCC.

WSE:CCC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WSE:CCC Share Price ÷ EPS (both in PLN)

= 230.2 ÷ 5.49

41.95x

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

  • CCC is overvalued based on earnings compared to the PL Luxury industry average.
  • CCC is overvalued based on earnings compared to the Poland market.
Price based on expected Growth
Does CCC's expected growth come at a high price?
Raw Data
WSE:CCC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
27.2%per year
Poland Luxury Industry PEG Ratio Median Figure of 6 Publicly-Listed Luxury Companies 0.93x
Poland Market PEG Ratio Median Figure of 113 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

WSE:CCC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.95x ÷ 27.2%

1.54x

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

  • CCC is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on CCC's assets?
Raw Data
WSE:CCC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in PLN PLN24.80
WSE:CCC Share Price * WSE (2019-04-25) in PLN PLN230.2
Poland Luxury Industry PB Ratio Median Figure of 14 Publicly-Listed Luxury Companies 1.07x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 1x
WSE:CCC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WSE:CCC Share Price ÷ Book Value per Share (both in PLN)

= 230.2 ÷ 24.80

9.28x

* Primary Listing of CCC.

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

  • CCC is overvalued based on assets compared to the PL Luxury industry average.
X
Value checks
We assess CCC'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. CCC has a total score of 0/6, 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.

Future Performance

 How is CCC expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
27.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CCC expected to grow at an attractive rate?
  • CCC's earnings growth is expected to exceed the low risk savings rate of 2.9%.
Growth vs Market Checks
  • CCC's earnings growth is expected to exceed the Poland market average.
  • CCC's revenue growth is expected to exceed the Poland market average.
Annual Growth Rates Comparison
Raw Data
WSE:CCC Future Growth Rates Data Sources
Data Point Source Value (per year)
WSE:CCC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 27.2%
WSE:CCC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 15.8%
Poland Luxury Industry Earnings Growth Rate Market Cap Weighted Average 21.5%
Poland Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.5%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.3%
Poland Market Revenue Growth Rate Market Cap Weighted Average 6.5%

*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
WSE:CCC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:CCC Future Estimates Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 10,368 2
2022-12-31 10,008 1,736 838 3
2021-12-31 9,169 992 632 5
2020-12-31 7,687 850 563 9
2019-12-31 6,349 482 398 7
WSE:CCC Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2018-12-31 4,726 996 226
2018-09-30 4,635 811 157
2018-06-30 4,374 569 237
2018-03-31 4,168 157 182
2017-12-31 3,938 78 347
2017-09-30 3,960 102 77
2017-06-30 3,637 1 46
2017-03-31 3,376 62 30
2016-12-31 3,185 175 51
2016-09-30 2,814 129 232
2016-06-30 2,662 334 257
2016-03-31 2,404 197 227

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CCC's earnings are expected to grow significantly at over 20% yearly.
  • CCC's revenue is expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).
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
WSE:CCC 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 9 Analyst Estimates (S&P Global) See Below

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

WSE:CCC Future Estimates Data
Date (Data in PLN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 15.81 17.60 13.22 3.00
2020-12-31 12.27 14.50 10.33 4.00
2019-12-31 8.76 9.11 8.50 3.00
WSE:CCC Past Financials Data
Date (Data in PLN Millions) EPS *
2018-12-31 5.49
2018-09-30 3.68
2018-06-30 5.62
2018-03-31 4.36
2017-12-31 8.42
2017-09-30 1.96
2017-06-30 1.17
2017-03-31 0.76
2016-12-31 1.29
2016-09-30 5.95
2016-06-30 6.70
2016-03-31 5.91

*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.
  • CCC is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess CCC'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 Poland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Poland 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.
CCC has a total score of 5/6, 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.

Past Performance

  How has CCC 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 CCC's growth in the last year to its industry (Luxury).
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.
  • CCC's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • CCC's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • CCC's 1-year earnings growth is negative, it can't be compared to the PL Luxury industry average.
Earnings and Revenue History
CCC'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 CCC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:CCC Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,725.80 226.10 2,096.40
2018-09-30 4,634.70 157.00 2,103.34
2018-06-30 4,374.30 237.20 1,927.54
2018-03-31 4,167.70 182.00 1,799.30
2017-12-31 3,938.10 346.80 1,508.00
2017-09-30 3,959.60 76.90 1,603.70
2017-06-30 3,636.90 46.40 1,479.30
2017-03-31 3,376.00 29.80 1,408.30
2016-12-31 3,185.30 50.70 1,323.50
2016-09-30 2,813.90 231.50 1,231.80
2016-06-30 2,661.70 257.40 1,162.40
2016-03-31 2,404.40 227.10 1,054.00
2015-12-31 2,307.00 259.40 1,005.20
2015-09-30 2,231.54 455.38 947.27
2015-06-30 2,193.11 461.73 905.24
2015-03-31 2,081.71 430.18 868.72
2014-12-31 2,009.10 420.40 820.20
2014-09-30 1,913.26 180.84 774.82
2014-06-30 1,855.47 165.89 734.60
2014-03-31 1,781.61 165.30 700.49
2013-12-31 1,643.14 125.22 652.33
2013-09-30 1,495.56 98.27 616.91
2013-06-30 1,378.00 90.36 583.41
2013-03-31 1,282.08 63.97 541.08
2012-12-31 1,317.46 106.31 527.75
2012-09-30 1,246.05 126.84 491.33
2012-06-30 1,190.02 126.55 470.42

*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.
  • CCC has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CCC used its assets less efficiently than the PL Luxury industry average last year based on Return on Assets.
  • CCC's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CCC'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 Luxury 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.
CCC has a total score of 0/6, 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.

Health

 How is CCC'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 CCC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CCC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CCC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CCC'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.
  • Debt is covered by short term assets, assets are 1.1x 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 CCC Company Filings, last reported 3 months ago.

WSE:CCC Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,147.80 2,926.00 375.80
2018-09-30 1,126.60 3,526.80 476.00
2018-06-30 1,166.30 3,747.30 709.20
2018-03-31 1,035.10 3,385.60 133.80
2017-12-31 1,168.30 917.10 511.60
2017-09-30 1,026.00 1,243.90 104.50
2017-06-30 983.70 1,233.30 328.60
2017-03-31 1,187.80 1,290.50 302.30
2016-12-31 971.10 795.50 143.40
2016-09-30 1,007.10 1,101.10 160.20
2016-06-30 951.00 928.50 254.30
2016-03-31 1,112.10 901.10 154.30
2015-12-31 1,123.60 718.80 340.60
2015-09-30 1,000.61 645.49 170.40
2015-06-30 955.90 588.24 136.56
2015-03-31 960.68 700.30 160.86
2014-12-31 952.20 578.00 161.90
2014-09-30 642.12 647.57 186.68
2014-06-30 601.99 811.03 424.27
2014-03-31 592.38 539.02 198.59
2013-12-31 591.86 327.81 143.74
2013-09-30 523.29 351.16 121.30
2013-06-30 497.67 310.11 90.42
2013-03-31 488.23 329.56 26.08
2012-12-31 528.71 288.65 125.71
2012-09-30 485.63 280.72 63.10
2012-06-30 468.69 291.76 51.04
  • CCC's level of debt (254.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.8% vs 254.9% today).
  • Debt is well covered by operating cash flow (34%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess CCC'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. CCC 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.

Dividends

 What is CCC'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
1%
Current annual income from CCC dividends. Estimated to be 1.48% next year.
If you bought PLN2,000 of CCC shares you are expected to receive PLN20 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?
  • CCC's pays a lower dividend yield than the bottom 25% of dividend payers in Poland (2.75%).
  • CCC's dividend is below the markets top 25% of dividend payers in Poland (7.5%).
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
WSE:CCC 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 9 Analyst Estimates (S&P Global) See Below
Poland Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 0.9%
Poland Market Average Dividend Yield Market Cap Weighted Average of 204 Stocks 3.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Poland Bottom 25% Dividend Yield 25th Percentile 2.7%
Poland Top 25% Dividend Yield 75th Percentile 7.5%

Industry and Market average data is calculated daily.

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

WSE:CCC Future Dividends Estimate Data
Date (Data in PLN) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.78 3.00
2020-12-31 3.66 8.00
2019-12-31 2.93 7.00
WSE:CCC Past Annualized Dividends Data
Date (Data in PLN) Dividend per share (annual) Avg. Yield (%)
2018-04-24 2.300 1.102
2017-06-22 2.590 0.991
2017-05-15 2.590 1.198
2016-08-25 2.190 1.079
2016-04-28 2.190 1.262
2015-08-25 3.000 2.025
2015-06-29 3.000 1.622
2014-11-06 1.600 0.976
2014-08-27 1.600 1.242
2014-05-02 1.600 1.418
2013-05-02 1.600 1.504
2013-02-20 1.600 2.211
2012-08-29 1.600 2.530
2012-02-20 1.600 2.828
2011-11-10 1.500 3.174
2011-08-29 1.500 3.617
2011-04-26 1.500 2.766
2010-08-26 1.000 1.650
2010-04-30 1.000 1.819
2009-08-24 1.000 2.037
2009-04-30 1.000 2.499

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

  • CCC is not paying a notable dividend for Poland, therefore no need to check if the payments are stable.
  • CCC is not paying a notable dividend for Poland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of CCC's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of CCC's dividends as it is not paying a notable one for Poland.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess CCC's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 CCC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CCC has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of CCC'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
Marcin Czyczerski
COMPENSATION PLN900,000
TENURE AS CEO 0 years
CEO Bio

Mr. Marcin Czyczerski has been the President of the Management Board at CCC S.A. since April 2019. Mr. Czyczerski has been Chief Financial Officer and Member of Management Board at CCC S.A. since January 1, 2017 and served as its Vice President of Management Board since January 12, 2017 until 2019. He has many years of professional experience in management. Since 2004 he has been involved with the Volkswagen Group. From 2010 to 2016 he worked for the Volkswagen Group as a Managing Director of Sitech Sp. z o.o., based in Polkowice and at the same time he acted as a proxy. He was responsible for management in the areas of finance, accounting, controlling, HR, IT and administration. Previously, he worked as a Director of Logistics and a Financial Manager at Sitech Sp. z o.o. Since 2006 he has also been a lecturer at the University of Economics in Wroclaw and UJW in Polkowice. Mr. Czyczerski is not engaged in any activities competitive to the Issuer, neither he is a partner in a competitive civil company or a civil partnership company nor is a member of the body of the rival capital company nor any other competitive legal entity. Mr. Czyczerski is not listed in the Register of Insolvent Debtors maintained according to Act on the National Court Register. previously he graduated from the Faculty of Computer Science and Management of Wroclaw University of Technology (a specialization: financial management), as well as the University of Wroclaw, Faculty of Social Sciences (major: political marketing). Mr. Czyczerski holds PhD in economic science from University of Economics in Wroclaw.

CEO Compensation
  • Insufficient data for Marcin to compare compensation growth.
  • Marcin's remuneration is about average for companies of similar size in Poland.
Management Team

Marcin Czyczerski

TITLE
President of the Management Board & CFO
COMPENSATION
PLN900K

Mariusz Gnych

TITLE
Vice-President of Management Board
COMPENSATION
PLN960K
TENURE
14.8 yrs

Karol Póltorak

TITLE
Vice-President of Management Board
COMPENSATION
PLN850K
TENURE
2.3 yrs

Edyta Banas

TITLE
Chief Accountant
Board of Directors Tenure

Average tenure of the CCC board of directors in years:

2.8
Average Tenure
  • The average tenure for the CCC board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dariusz Milek

TITLE
Chairman of the Supervisory Board
COMPENSATION
PLN840K

Wieslaw Oles

TITLE
Chairman of the Supervisory Board

Marcin Murawski

TITLE
Member of Supervisory Board
AGE
45
TENURE
6.3 yrs

Piotr Nowjalis

TITLE
Member of Supervisory Board
TENURE
2.3 yrs

Waldemar Jurkiewicz

TITLE
Member of Supervisory Board
TENURE
2.8 yrs

Filip Gorczyca

TITLE
Member of Supervisory Board
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 (PLN) Value (PLN)
X
Management checks
We assess CCC'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. CCC 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.

News

Simply Wall St News

Does CCC's (WSE:CCC) Share Price Gain of 66% Match Its Business Performance?

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … That makes the EPS growth particularly close to the yearly share price growth of 11%.

Simply Wall St -

How Do CCC S.A.’s (WSE:CCC) Returns On Capital Compare To Peers?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Taking A Look At CCC SA's (WSE:CCC) ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every PLN1 worth of shareholders' equity, it generated PLN0.22 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Have Investors Priced In CCC SA's (WSE:CCC) Growth?

As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Let’s examine CCC’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

CCC SA (WSE:CCC): Why Return On Capital Employed Is Important

As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … Your return is tied to CCC’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … To understand CCC’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Can CCC SA's (WSE:CCC) ROE Continue To Surpass The Industry Average?

I am writing today to help inform people who are new to the stock market. … and want a simplistic look at the return on CCC SA (WSE:CCC) stock. … With an ROE of 18.92%, CCC SA (WSE:CCC) returned in-line to its own industry which delivered 16.87% over the past year.

Simply Wall St -

Is CCC SA (WSE:CCC) A Sell At Its Current PE Ratio?

CCC is priced at an enormous multiple of 53.61x based on its prior year’s earnings,. … which is times more expensive than the 11.98x average multiple of the Luxury. … Yes, this excessive multiple can initially be deterring, but there are many company-specific elements which are not captured in such a static ratio – such as its growth outlook and debt obligations

Simply Wall St -

Should You Sell CCC SA (WSE:CCC) At This PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between CCC SA (WSE:CCC)’s fundamentals and stock market performance. … While this makes CCC appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

CCC SA. (WSE:CCC): Time For A Financial Health Check

Moreover, CCC has generated ZŁ78.20M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 8.53%, indicating that CCC’s current level of operating cash is not high enough to cover debt. … Looking at CCC’s most recent ZŁ923.80M liabilities, the company has been able to meet these commitments with a current assets level of ZŁ2.22B, leading to a 2.4x current account ratio. … Next Steps: At its current level of cash flow coverage, CCC has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

Is CCC SA.'s (WSE:CCC) Growth Strong Enough To Justify Its May Share Price?

WSE:CCC PE PEG Gauge May 1st 18 After looking at CCC's value based on current earnings, we can see it seems overvalued relative to other companies in the industry. … However, seeing as CCC is perceived as a high-growth stock, we must also account for its earnings growth, which is captured in the PEG ratio. … Based on this growth, CCC's stock can be considered slightly overvalued , based on fundamental analysis.

Simply Wall St -

Company Info

Description

CCC S.A. engages in the manufacture, wholesale, and retail of footwear for men, women, and children in Poland, Central and Eastern Europe, Western Europe, and internationally. It operates in two segments, Manufacturing Activities and Distribution Activities. The company's footwear includes ballerinas, boots, espadrilles, flip-flops, low cut and heeled shoes, sandals, sneakers, trainers and sport shoes, slippers, wellingtons, and slip on shoes. It also provides handbags, shoe care products, jewellery products, fancy goods, and cycling accessories. The company operates under the Bassano, Clara Barson, INPLU, Jenny Fairy, Kappa, Lasocki, Lasocki Comfort, New Balance, Nylon Red, Puma, Rieker, Skechers, Sprandi, Nia Ravia, Cesare Cave, VAPIANO, Lanetti, Ottimo, Walky, Action Boy, Barbie, Cars, Frozen, Hello Kitty, Mickey&Friends, Muflon, Nelli Blu, Spiderman, Spiderman Ultimate, and Star Wars brand names. As of December 31, 2017, it operated a network of 852 owned stores in Poland, the Czech Republic, Slovakia, Austria, Slovenia, Croatia, Bulgaria, Germany, Hungary, Russia, and Serbia; and 73 franchised stores in Romania, Ukraine, Latvia, Lithuania, Estonia, and Moldova. The company also sells its products through eobuwie.pl, an online store. The company was formerly known as NG2 S.A. and changed its name to CCC S.A. in December 2012. CCC S.A. is headquartered in Polkowice, Poland.

Details
Name: CCC S.A.
CCC
Exchange: WSE
Founded:
PLN9,476,896,620
41,168,100
Website: http://www.ccc.eu
Address: CCC S.A.
ul. Strefowa 6,
Polkowice,
59-101,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE CCC Common Bearer Shares Warsaw Stock Exchange PL PLN 02. Dec 2004
LSE 0LS5 Common Bearer Shares London Stock Exchange GB PLN 02. Dec 2004
Number of employees
Current staff
Staff numbers
0
CCC employees.
Industry
Footwear
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 20:34
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.