Cinkarna Celje, d. d., a chemical-processing company, produces and markets titanium dioxide pigments in Slovenia.
Flawless balance sheet and undervalued.
Share Price & News
How has Cinkarna Celje d. d's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CICG's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CICG underperformed the SI Chemicals industry which returned -17.1% over the past year.
Return vs Market: CICG underperformed the SI Market which returned -17.9% over the past year.
Price Volatility Vs. Market
How volatile is Cinkarna Celje d. d's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StDoes Cinkarna Celje d. d's (LJSE:CICG) Share Price Gain of 12% Match Its Business Performance?
2 months ago | Simply Wall StShould You Be Pleased About The CEO Pay At Cinkarna Celje, d. d.'s (LJSE:CICG)
3 months ago | Simply Wall StRead This Before You Buy Cinkarna Celje, d. d. (LJSE:CICG) Because Of Its P/E Ratio
Is Cinkarna Celje d. d 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: CICG (€129) is trading below our estimate of fair value (€352.74)
Significantly Below Fair Value: CICG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CICG is good value based on its PE Ratio (5.9x) compared to the Chemicals industry average (12.9x).
PE vs Market: CICG is good value based on its PE Ratio (5.9x) compared to the SI market (6x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CICG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CICG is good value based on its PB Ratio (0.6x) compared to the XE Chemicals industry average (1.2x).
How is Cinkarna Celje d. d forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
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 Cinkarna Celje d. d 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 SimplyWall St do have past financial data.
- Examine whether Cinkarna Celje d. d is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Materials industry.
How has Cinkarna Celje d. d performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CICG has high quality earnings.
Growing Profit Margin: CICG's current net profit margins (10.9%) are lower than last year (19.2%).
Past Earnings Growth Analysis
Earnings Trend: CICG's earnings have grown significantly by 26% per year over the past 5 years.
Accelerating Growth: CICG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CICG had negative earnings growth (-53.1%) over the past year, making it difficult to compare to the Chemicals industry average (1.6%).
Return on Equity
High ROE: CICG's Return on Equity (10.9%) is considered low.
How is Cinkarna Celje d. d's financial position?
Financial Position Analysis
Short Term Liabilities: CICG's short term assets (€96.7M) exceed its short term liabilities (€14.2M).
Long Term Liabilities: CICG's short term assets (€96.7M) exceed its long term liabilities (€27.6M).
Debt to Equity History and Analysis
Debt Level: CICG is debt free.
Reducing Debt: CICG has no debt compared to 5 years ago when its debt to equity ratio was 1.6%.
Debt Coverage: CICG has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CICG has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: CICG has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CICG's debt is covered by short term assets.
What is Cinkarna Celje d. d's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CICG's dividend (21.91%) is higher than the bottom 25% of dividend payers in the SI market (4.88%).
High Dividend: CICG's dividend (21.91%) is in the top 25% of dividend payers in the SI market (10.53%)
Stability and Growth of Payments
Stable Dividend: CICG's dividend payments have been volatile in the past 10 years.
Growing Dividend: CICG's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (129.4%), CICG's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Tomaz Bencina, BSc (Metallurgy) and BSc (Economics) serves as the President of Management Board, Member of Management Board and General Manager at Cinkarna Celje, d. d.
CEO Compensation Analysis
Compensation vs Market: Tomaz's total compensation ($USD379.51K) is above average for companies of similar size in the SI market ($USD216.41K).
Compensation vs Earnings: Tomaz's compensation has been consistent with company performance over the past year.
|Member of Supervisory Board||2.5yrs||€16.48k||no data|
|Supervisory Board Member||0.25yr||no data||no data|
|Member of Supervisory Board||no data||€17.11k||no data|
|Member of Supervisory Board||4.67yrs||€19.44k||no data|
|Member of Supervisory Board||4.67yrs||€15.52k||no data|
|Member of Supervisory Board||1.25yrs||no data||no data|
Experienced Board: CICG's board of directors are not considered experienced ( 2.5 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.
Cinkarna Celje, d. d.'s company bio, employee growth, exchange listings and data sources
- Name: Cinkarna Celje, d. d.
- Ticker: CICG
- Exchange: LJSE
- Founded: 1873
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: €102.694m
- Shares outstanding: 796.08k
- Website: https://www.cinkarna.si
Number of Employees
- Cinkarna Celje, d. d.
- Kidriceva 26
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CICG||LJSE (Ljubljana Stock Exchange)||Yes||Common Shares||SI||EUR||Dec 1998|
Cinkarna Celje, d. d., a chemical-processing company, produces and markets titanium dioxide pigments in Slovenia. It offers titanium dioxide; ultrafine titanium dioxide; TiO2 intermediates, such as titanyl sulphate, metatitanium acid, and sodium titanate; sulphuric acid; TiO2 co-products, including calcium sulphate dehydrate; zinc wires and alloys, as well as zinc anodes and bars; recycled zinc; flexo, gravure, and offset printing inks; powder coatings; and CC MASTER - masterbatch, an environmentally friendly color concentrate or a concentrate of additives based on polyethylene, polypropylene, polystyrene, and ethylene-vinyl acetate. The company also provides anticorrosion coatings; tile adhesives and grouts; mortars, plasters, and screeds; products for facades and water insulation; levelling compounds; repair mortars; and additives for cement based mixtures. In addition, it offers copper and sulphur fungicides, copper oxychloride - inorganic salt, substrates, fertilizers, phyto-pharmaceuticals, and valves and elements, as well as provides PTFE products and rubber coatings. Cinkarna Celje, d. d. also exports its products. The company was founded in 1873 and is headquartered in Celje, Slovenia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 22:22|
|End of Day Share Price||2020/04/03 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.