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Cambridge Chocolate Technologies

WSE:CAM
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAM
WSE
PLN15M
Market Cap
  1. Home
  2. PL
  3. Food, Beverage & Tobacco
Company description

Cambridge Chocolate Technologies S.A. produces chocolate for anti-ageing protection in Poland. The last earnings update was 34 days ago. More info.


Add to Portfolio Compare Print
  • Cambridge Chocolate Technologies has significant price volatility in the past 3 months.
CAM Share Price and Events
7 Day Returns
0%
WSE:CAM
-0.3%
PL Food
-0.3%
PL Market
1 Year Returns
-50.4%
WSE:CAM
-14.5%
PL Food
-0.1%
PL Market
CAM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cambridge Chocolate Technologies (CAM) 0% -10.7% -47% -50.4% - -
PL Food -0.3% -3.5% -8.4% -14.5% -17.3% -5.6%
PL Market -0.3% 2.9% -4.7% -0.1% 13.4% -9.1%
1 Year Return vs Industry and Market
  • CAM underperformed the Food industry which returned -14.5% over the past year.
  • CAM underperformed the Market in Poland which returned -0.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

CAM Value

 Is Cambridge Chocolate Technologies 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
  • It is not possible to calculate the future cash flow value for Cambridge Chocolate Technologies. This is due to cash flow or dividend data being unavailable. The share price is PLN1.25.
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 Cambridge Chocolate Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cambridge Chocolate Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WSE:CAM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in PLN PLN-0.60
WSE:CAM Share Price ** WSE (2019-06-18) in PLN PLN1.25
Poland Food Industry PE Ratio Median Figure of 20 Publicly-Listed Food Companies 8.03x
Poland Market PE Ratio Median Figure of 455 Publicly-Listed Companies 10.82x

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

** Primary Listing of Cambridge Chocolate Technologies.

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

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

= 1.25 ÷ -0.60

-2.09x

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

  • Cambridge Chocolate Technologies is loss making, we can't compare its value to the PL Food industry average.
  • Cambridge Chocolate Technologies is loss making, we can't compare the value of its earnings to the Poland market.
Price based on expected Growth
Does Cambridge Chocolate Technologies's expected growth come at a high price?
Raw Data
WSE:CAM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.76x
Poland Market PEG Ratio Median Figure of 109 Publicly-Listed Companies 1.05x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Cambridge Chocolate Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cambridge Chocolate Technologies's assets?
Raw Data
WSE:CAM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in PLN PLN0.38
WSE:CAM Share Price * WSE (2019-06-18) in PLN PLN1.25
Poland Food Industry PB Ratio Median Figure of 26 Publicly-Listed Food Companies 0.83x
Poland Market PB Ratio Median Figure of 687 Publicly-Listed Companies 0.97x
WSE:CAM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.25 ÷ 0.38

3.31x

* Primary Listing of Cambridge Chocolate Technologies.

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

  • Cambridge Chocolate Technologies is overvalued based on assets compared to the PL Food industry average.
X
Value checks
We assess Cambridge Chocolate Technologies'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Cambridge Chocolate Technologies 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.

CAM Future Performance

 How is Cambridge Chocolate Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Cambridge Chocolate Technologies 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
10.2%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cambridge Chocolate Technologies expected to grow at an attractive rate?
  • Unable to compare Cambridge Chocolate Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cambridge Chocolate Technologies's earnings growth to the Poland market average as no estimate data is available.
  • Unable to compare Cambridge Chocolate Technologies's revenue growth to the Poland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
WSE:CAM Future Growth Rates Data Sources
Data Point Source Value (per year)
Poland Food Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
Poland Food Industry Revenue Growth Rate Market Cap Weighted Average 6.4%
Poland Market Earnings Growth Rate Market Cap Weighted Average 10.5%
Poland Market Revenue Growth Rate Market Cap Weighted Average 5.6%

*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:CAM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in PLN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WSE:CAM Past Financials Data
Date (Data in PLN Millions) Revenue Cash Flow Net Income *
2019-03-31 1 -5 -7
2018-12-31 1 -5 -8
2018-09-30 2 -8 -11
2018-06-30 2 -11 -12
2018-03-31 3 -13 -13
2017-12-31 5 -15 -11
2016-12-31 4 -5 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cambridge Chocolate Technologies is high growth as no earnings estimate data is available.
  • Unable to determine if Cambridge Chocolate Technologies is high growth as no revenue estimate data is available.
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:CAM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cambridge Chocolate Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:CAM Past Financials Data
Date (Data in PLN Millions) EPS *
2019-03-31 -0.60
2018-12-31 -0.69
2018-09-30 -0.94
2018-06-30 -1.02
2018-03-31 -1.05
2017-12-31 -1.00
2016-12-31 -25.57

*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.
  • Unable to establish if Cambridge Chocolate Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Cambridge Chocolate Technologies's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Food, Beverage & Tobacco companies here
  2. Cambridge Chocolate Technologies's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Cambridge Chocolate Technologies'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.
Cambridge Chocolate Technologies has a total score of 0/6, 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.

CAM Past Performance

  How has Cambridge Chocolate Technologies 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 Cambridge Chocolate Technologies's growth in the last year to its industry (Food).
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.
  • Cambridge Chocolate Technologies does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Cambridge Chocolate Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cambridge Chocolate Technologies's 1-year growth to the PL Food industry average as it is not currently profitable.
Earnings and Revenue History
Cambridge Chocolate Technologies'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 Cambridge Chocolate Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WSE:CAM Past Revenue, Cash Flow and Net Income Data
Date (Data in PLN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1.36 -7.24 7.53
2018-12-31 1.46 -8.38 8.58
2018-09-30 1.51 -11.36 11.37
2018-06-30 2.17 -12.37 11.30
2018-03-31 2.90 -12.67 11.02
2017-12-31 5.04 -11.14 10.82
2016-12-31 3.51 -3.69 6.90

*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.
  • It is difficult to establish if Cambridge Chocolate Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Cambridge Chocolate Technologies has efficiently used its assets last year compared to the PL Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cambridge Chocolate Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Cambridge Chocolate Technologies'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 Food 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.
Cambridge Chocolate Technologies 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.

CAM Health

 How is Cambridge Chocolate Technologies'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 Cambridge Chocolate Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cambridge Chocolate Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cambridge Chocolate Technologies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cambridge Chocolate Technologies'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.5x 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 Cambridge Chocolate Technologies Company Filings, last reported 2 months ago.

WSE:CAM Past Debt and Equity Data
Date (Data in PLN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4.56 9.54 0.33
2018-12-31 5.71 8.74 0.20
2018-09-30 7.85 5.52 0.07
2018-06-30 9.18 4.73 0.11
2018-03-31 10.99 3.40 0.06
2017-12-31 13.09 2.61 0.12
2016-12-31 0.32 5.90 0.53
  • Cambridge Chocolate Technologies's level of debt (209.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if Cambridge Chocolate Technologies's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Cambridge Chocolate Technologies has less than a year of cash runway based on current free cash flow.
  • Cambridge Chocolate Technologies has less than a year of cash runway if free cash flow continues to reduce at historical rates of -29.5% each year.
X
Financial health checks
We assess Cambridge Chocolate Technologies'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. Cambridge Chocolate Technologies has a total score of 1/6, 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.

CAM Dividends

 What is Cambridge Chocolate Technologies'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
0%
Current annual income from Cambridge Chocolate Technologies dividends.
If you bought PLN2,000 of Cambridge Chocolate Technologies shares you are expected to receive PLN0 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?
  • Unable to evaluate Cambridge Chocolate Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cambridge Chocolate Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:CAM 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 0 Analyst Estimates (S&P Global) See Below
Poland Food Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 3.5%
Poland Market Average Dividend Yield Market Cap Weighted Average of 203 Stocks 4.3%
Poland Minimum Threshold Dividend Yield 10th Percentile 1.5%
Poland Bottom 25% Dividend Yield 25th Percentile 2.8%
Poland Top 25% Dividend Yield 75th Percentile 7.3%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Cambridge Chocolate Technologies has not reported any payouts.
  • Unable to verify if Cambridge Chocolate Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cambridge Chocolate Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cambridge Chocolate Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Cambridge Chocolate Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 Cambridge Chocolate Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cambridge Chocolate Technologies has a total score of 0/6, see the detailed checks below.


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

CAM Management

 What is the CEO of Cambridge Chocolate Technologies'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.
  • Cambridge Chocolate Technologies has no CEO, or we have no data on them.
Management Team
Board of Directors
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 Cambridge Chocolate Technologies'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. Cambridge Chocolate Technologies 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.

CAM News

Simply Wall St News

Is Cambridge Chocolate Technologies S.A. (WSE:CAM) A Financially Sound Company?

(WSE:CAM) with its market cap of zł17m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

What You Must Know About Cambridge Chocolate Technologies S.A.'s (WSE:CAM) Financial Strength

(WSE:CAM) is a small-cap stock with a market capitalization of zł13m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health.

Simply Wall St -

CAM Company Info

Description

Cambridge Chocolate Technologies S.A. produces chocolate for anti-ageing protection in Poland. It provides dark chocolates. The company is based in Warsaw, Poland.

Details
Name: Cambridge Chocolate Technologies S.A.
CAM
Exchange: WSE
Founded:
PLN15,100,000
12,080,000
Website: http://www.cambridgechocolate.com
Address: Cambridge Chocolate Technologies S.A.
Slominskiego 15/509,
Warsaw,
00-195,
Poland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WSE CAM Ordinary Shares Warsaw Stock Exchange PL PLN 10. Nov 2017
Number of employees
Current staff
Staff numbers
0
Cambridge Chocolate Technologies employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:18
End of day share price update: 2019/06/18 00:00
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
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.