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.
Reasonable 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.
7 Day Return
1 Year Return
Return vs Industry: CCC underperformed the Polish Luxury industry which returned -14.2% over the past year.
Return vs Market: CCC underperformed the Polish Market which returned -8.9% over the past year.
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
5 days ago | Simply Wall StAn Intrinsic Calculation For CCC S.A. (WSE:CCC) Suggests It's 26% Undervalued
3 weeks ago | Simply Wall StHere's Why We Think CCC's (WSE:CCC) Statutory Earnings Might Be Conservative
1 month ago | Simply Wall StShareholders Should Look Hard At CCC S.A.’s (WSE:CCC) 3.5%Return On Capital
Is CCC undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CCC (PLN88.5) is trading below our estimate of fair value (PLN131.08)
Significantly Below Fair Value: 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 (409.7x) compared to the Luxury industry average (11.1x).
PE vs Market: CCC is poor value based on its PE Ratio (409.7x) compared to the Polish market (12.1x).
Price to Earnings Growth Ratio
PEG Ratio: CCC is poor value based on its PEG Ratio (5x)
Price to Book Ratio
PB vs Industry: CCC is overvalued based on its PB Ratio (4.2x) compared to the PL Luxury industry average (1x).
How is CCC forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCC's forecast earnings growth (81.9% per year) is above the savings rate (2%).
Earnings vs Market: CCC's earnings (81.9% per year) are forecast to grow faster than the Polish market (11.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CCC's revenue (10.7% per year) is forecast to grow faster than the Polish market (6.2% per year).
High Growth Revenue: CCC's revenue (10.7% 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 low in 3 years time (19.5%).
How has CCC performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCC has a large one-off gain of PLN5.8M impacting its September 30 2019 financial results.
Growing Profit Margin: CCC's current net profit margins (0.2%) are lower than last year (7.5%).
Past Earnings Growth Analysis
Earnings Trend: CCC's earnings have declined by -19.9% 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 (-97.2%) over the past year, making it difficult to compare to the Luxury industry average (-18.2%).
Return on Equity
High ROE: CCC's Return on Equity (-1.6%) is considered low.
Return on Assets
Return on Capital Employed
How is CCC's financial position?
Financial Position Analysis
Short Term Liabilities: CCC's short term assets (PLN3.0B) do not cover its short term liabilities (PLN3.5B).
Long Term Liabilities: CCC's short term assets (PLN3.0B) exceed its long term liabilities (PLN2.9B).
Debt to Equity History and Analysis
Debt Level: CCC's debt to equity ratio (161%) is considered high.
Reducing Debt: CCC's debt to equity ratio has increased from 100.2% to 161% over the past 5 years.
Debt Coverage: CCC's debt is well covered by operating cash flow (67.4%).
Interest Coverage: CCC's interest payments on its debt are not well covered by EBIT (2.2x coverage).
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 1.9x debt).
What is CCC's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CCC's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the Polish market (2.29%).
High Dividend: CCC's dividend (0.54%) is low compared to the top 25% of dividend payers in the Polish market (6.62%).
Stability and Growth of Payments
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 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Marcin Czyczerski 0
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's total compensation ($USD310.21K) is about average for companies of similar size in the Polish market ($USD389.54K).
Compensation vs Earnings: Marcin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|President of the Management Board & CFO||0.8yrs||zł1.23m||0.012% PLN419.0k|
|Vice-President of Management Board||15.7yrs||zł1.18m||0.62% PLN21.1m|
|Vice-President of Management Board||3.2yrs||zł1.16m||0.013% PLN451.8k|
|Chief Accountant||0yrs||no data||no data|
Experienced Management: CCC's management team is considered experienced (3.2 years average tenure).
|Chairman of the Supervisory Board||0.8yrs||zł840.00k||no data|
|Deputy Chairman of the Supervisory Board||0yrs||no data||no data|
|Member of the Supervisory Board||0.7yrs||no data||no data|
|Member of Supervisory Board||3.7yrs||no data||no data|
|Member of Supervisory Board||0.8yrs||no data||no data|
Experienced Board: CCC's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CCC S.A.'s company bio, employee growth, exchange listings and data sources
- Name: CCC S.A.
- Ticker: CCC
- Exchange: WSE
- Founded: 1996
- Industry: Footwear
- Sector: Consumer Durables
- Market Cap: zł3.382b
- Shares outstanding: 41.17m
- Website: https://www.ccc.eu
Number of Employees
- CCC S.A.
- ul. Strefowa 6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CCC||WSE (Warsaw Stock Exchange)||Yes||Common Bearer Shares||PL||PLN||Dec 2004|
|0LS5||LSE (London Stock Exchange)||Yes||Common Bearer Shares||GB||PLN||Dec 2004|
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 offers shoes for women, such as ballerina, boots, slippers and thongs, sport shoes, low boots, sandals, high-heels, and sneakers; men shoes comprising boots, sports shoes, low boots, sandals, and sneakers; and footwear for boys and girls. It also provides a range of handbags, cosmetics for shoes, accessories, and small fancy goods. The company operates under the brands Lasocki, Lasocki Comfort, Sprandi, Jenny Fairy, Clara Barson, Bassano, Nylon Red, INBLU, Via Ravia, Gino Lanetti, Vapiano oraz Cesare Cave, Lasocki Kids, Lasocki Young, Action Boy, Magic Lady, Nelli Blu, Nylon Red, Vapiano, and Muflon brands. It operates approximately 1,000 stores in 22 countries. The company also sells its products through eobuwie.pl, an online store; and e-commerce channel, Vögele Shoes. The company was formerly known as NG2 S.A. and changed its name to CCC S.A. in December 2012. CCC S.A. was founded in 1996 and is headquartered in Polkowice, Poland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 20:35|
|End of Day Share Price||2020/02/25 00:00|
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.