WSE:CCC

Stock Analysis Report

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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. More Details


Snowflake Analysis

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

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


Market Performance


7 Day Return

-8.1%

CCC

-5.6%

PL Luxury

-0.4%

PL Market


1 Year Return

-65.5%

CCC

-36.0%

PL Luxury

-16.6%

PL Market

Return vs Industry: CCC underperformed the Polish Luxury industry which returned -35.4% over the past year.

Return vs Market: CCC underperformed the Polish Market which returned -16.3% over the past year.


Shareholder returns

CCCIndustryMarket
7 Day-8.1%-5.6%-0.4%
30 Day-16.9%-11.8%-4.0%
90 Day-32.2%-9.9%-9.5%
1 Year-65.5%-65.5%-36.0%-36.0%-15.9%-16.6%
3 Year-83.8%-84.1%-51.7%-52.3%-24.9%-29.3%
5 Year-74.6%-75.4%-39.5%-41.2%-15.1%-24.3%

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?

28.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCC (PLN43.21) is trading below our estimate of fair value (PLN60.57)

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


Price To Earnings Ratio

PE vs Industry: CCC is unprofitable, so we can't compare its PE Ratio to the PL Luxury industry average.

PE vs Market: CCC is unprofitable, so we can't compare its PE Ratio to the Polish market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CCC is overvalued based on its PB Ratio (4.3x) compared to the PL Luxury industry average (0.9x).


Next Steps

Future Growth

How is CCC forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

87.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.9%).

Earnings vs Market: CCC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CCC's is expected to become profitable in the next 3 years.

Revenue vs Market: CCC's revenue (11.8% per year) is forecast to grow faster than the Polish market (4.8% per year).

High Growth Revenue: CCC's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCC's Return on Equity is forecast to be high in 3 years time (35.8%)


Next Steps

Past Performance

How has CCC performed over the past 5 years?

-41.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCC is currently unprofitable.

Growing Profit Margin: CCC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CCC is unprofitable, and losses have increased over the past 5 years at a rate of 41% per year.

Accelerating Growth: Unable to compare CCC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CCC is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-36.7%).


Return on Equity

High ROE: CCC has a negative Return on Equity (-96.93%), as it is currently unprofitable.


Next Steps

Financial Health

How is CCC's financial position?


Financial Position Analysis

Short Term Liabilities: CCC's short term assets (PLN3.2B) do not cover its short term liabilities (PLN3.5B).

Long Term Liabilities: CCC's short term assets (PLN3.2B) exceed its long term liabilities (PLN2.6B).


Debt to Equity History and Analysis

Debt Level: CCC's debt to equity ratio (242.7%) is considered high.

Reducing Debt: CCC's debt to equity ratio has increased from 61.6% to 242.7% over the past 5 years.

Debt Coverage: CCC's debt is not well covered by operating cash flow (12.6%).

Interest Coverage: Insufficient data to determine if CCC's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

0.72%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CCC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CCC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCC's dividend payments have been increasing.


Current Payout to Shareholders

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


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

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

3.8yrs

Average management tenure


CEO

Marcin Czyczerski

1.5yrs

Tenure

zł1,403,125

Compensation

Mr. Marcin Czyczerski has been the President of the Management Board at CCC S.A. since April 11, 2019. Mr. Czyczerski has been Chief Financial Officer and Member of Management Board at CCC S.A. since Janua ...


CEO Compensation Analysis

Compensation vs Market: Marcin's total compensation ($USD363.21K) is below average for companies of similar size in the Polish market ($USD565.64K).

Compensation vs Earnings: Marcin's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Marcin Czyczerski
President of the Management Board1.5yrszł1.40m0.0093%
PLN 220.5k
Mariusz Gnych
Vice-President of Management Board16.33yrszł1.18m0.47%
PLN 11.1m
Karol Poltorak
Vice-President of Management Board3.83yrszł1.18m0.010%
PLN 237.6k
Edyta Banas
Chief Accountantno datano datano data
Wojciech Latocha
Investor Relations Managerno datano datano data

3.8yrs

Average Tenure

Experienced Management: CCC's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dariusz Milek
Chairman of the Supervisory Board1.5yrszł831.60kno data
Wieslaw Oles
Deputy Chairman of the Supervisory Board1.33yrszł120.00kno data
Zofia Dzik
Member of the Supervisory Board1.33yrszł48.05kno data
Waldemar Jurkiewicz
Member of Supervisory Board4.33yrszł81.52kno data
Filip Gorczyca
Member of Supervisory Board1.5yrszł72.10kno data

1.5yrs

Average Tenure

Experienced Board: CCC's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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 33.3%.


Top Shareholders

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: zł2.371b
  • Shares outstanding: 54.87m
  • 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 Analysis2020/10/20 20:42
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.