WSE:CCC

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

High growth potential and slightly overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.2%

CCC

1.5%

PL Luxury

0.7%

PL Market


1 Year Return

-40.3%

CCC

-16.8%

PL Luxury

-4.5%

PL Market

Return vs Industry: CCC underperformed the Polish Luxury industry which returned -16.8% over the past year.

Return vs Market: CCC underperformed the Polish Market which returned -4.5% over the past year.


Shareholder returns

CCCIndustryMarket
7 Day0.2%1.5%0.7%
30 Day-7.8%-0.8%-2.5%
90 Day-15.6%-1.9%-6.9%
1 Year-40.1%-40.3%-16.2%-16.8%-1.6%-4.5%
3 Year-30.3%-31.9%13.1%10.9%11.8%3.9%
5 Year8.6%3.1%-7.4%-10.5%-1.0%-13.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: CCC (PLN128.3) is trading below our estimate of fair value (PLN287.76)

Significantly Undervalued: CCC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CCC is poor value based on its PE Ratio (224x) compared to the Luxury industry average (11.6x).

PE vs Market: CCC is poor value based on its PE Ratio (224x) compared to the Polish market (10x).


Price to Earnings Growth Ratio

Low PEG Ratio: CCC is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: CCC is overvalued based on its PB Ratio (5.9x) compared to the PL Luxury industry average (1.2x).


Next Steps

Future Growth

How is CCC forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

57.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCC's forecast earnings growth (57.8% per year) is above the savings rate (2.9%).

Earnings vs Market: CCC's earnings (57.8% per year) are forecast to grow faster than the Polish market (10.6% per year).

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

Revenue vs Market: CCC's revenue (13.2% per year) is forecast to grow faster than the Polish market (5.6% per year).

High Growth Revenue: CCC's revenue (13.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: CCC's Return on Equity is forecast to be high in 3 years time (25.9%)


Next Steps

Past Performance

How has CCC performed over the past 5 years?

-12.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CCC's earnings have declined by -12.9% per year over the past 5 years.

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

Earnings vs Industry: CCC had negative earnings growth (-93.7%) over the past year, making it difficult to compare to the Luxury industry average (-16.3%).


Return on Equity

High ROE: CCC's Return on Equity (0.9%) is considered low.


Return on Assets

ROA vs Industry: CCC's Return on Assets is below or equal to the Luxury industry average last year.


Return on Capital Employed

ROCE Improving: CCC's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is CCC's financial position?


Financial Position Analysis

Short Term Liabilities: CCC's short term assets (PLN2.9B) do not cover its short term liabilities (PLN3.3B)

Long Term Liabilities: CCC's short term assets (2.9B) do not cover its long term liabilities (2.9B)


Debt to Equity History and Analysis

Debt Level: CCC's debt to equity ratio (140.6%) is considered high

Reducing Debt: CCC's debt to equity ratio has increased from 110.8% to 140.6% over the past 5 years.

Debt Coverage: CCC's debt is well covered by operating cash flow (77.2%).

Interest Coverage: CCC's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet

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

Debt Coverage by Assets: CCC's debt is covered by short term assets (assets are 2.002290x debt).


Next Steps

Dividend

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

0.37%

Current Dividend Yield


Dividend Yield vs Market

company0.4%marketbottom25%2.6%markettop25%7.3%industryaverage0.7%forecastin3Years1.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CCC's dividend (0.37%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.6%).

High Dividend: CCC's dividend (0.37%) is low compared to the top 25% of dividend payers in the Polish market (7.25%).

Stable Dividend: CCC is not paying a notable dividend for the Polish market, therefore no need to check if payments are stable.

Growing Dividend: CCC is not paying a notable dividend for the Polish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CCC is not paying a notable dividend for .


Future Payout to Shareholders

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


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Marcin Czyczerski 0

0.5yrs

Tenure

zł1,230,000

Compensation

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 ...


CEO Compensation Analysis

Compensation vs. Market: Marcin has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Polish market.

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


Management Age and Tenure

2.8yrs

Average Tenure

Experienced Management: CCC's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

0.5yrs

Average Tenure

Experienced Board: CCC's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Mariusz Gnych

    Vice-President of Management Board

    • Tenure: 15.3yrs
    • Compensation: zł1.18m
  • Edyta Banas

    Chief Accountant

    • Tenure: 0yrs
  • Karol Póltorak

    Vice-President of Management Board

    • Tenure: 2.8yrs
    • Compensation: zł1.16m
  • Marcin Czyczerski

    President of the Management Board & CFO

    • Tenure: 0.5yrs
    • Compensation: zł1.23m

Board Members

  • Dariusz Milek

    Chairman of the Supervisory Board

    • Tenure: 0.5yrs
    • Compensation: zł840.00k
  • Wieslaw Oles

    Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Zofia Dzik (49yo)

    Member of the Supervisory Board

    • Tenure: 0.3yrs
  • Waldemar Jurkiewicz

    Member of Supervisory Board

    • Tenure: 3.3yrs
  • Filip Gorczyca

    Member of Supervisory Board

    • Tenure: 0.5yrs

Company Information

CCC S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CCC S.A.
  • Ticker: CCC
  • Exchange: WSE
  • Founded: 1996
  • Industry: Footwear
  • Sector: Consumer Durables
  • Market Cap: zł5.282b
  • Shares outstanding: 41.17m
  • Website: https://www.ccc.eu

Number of Employees


Location

  • CCC S.A.
  • ul. Strefowa 6
  • Polkowice
  • 59-101
  • Poland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCCWSE (Warsaw Stock Exchange)YesCommon Bearer SharesPLPLNDec 2004
0LS5LSE (London Stock Exchange)YesCommon Bearer SharesGBPLNDec 2004

Biography

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,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:33
End of Day Share Price2019/10/15 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.