CRA International
Market Cap
US$449.5m
Last Updated
2021/01/18 23:01 UTC
Data Sources
Company Financials +
Executive Summary
CRA International, Inc., a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has CRA International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CRAI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: CRAI's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
3.0%
CRAI
-2.4%
US Professional Services
-0.4%
US Market
1 Year Return
3.0%
CRAI
14.8%
US Professional Services
19.5%
US Market
Return vs Industry: CRAI underperformed the US Professional Services industry which returned 14.8% over the past year.
Return vs Market: CRAI underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| CRAI | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | -2.4% | -0.4% |
| 30 Day | 12.5% | -3.7% | 2.3% |
| 90 Day | 46.8% | 8.5% | 12.7% |
| 1 Year | 5.2%3.0% | 15.6%14.8% | 22.3%19.5% |
| 3 Year | 26.9%20.3% | 53.2%48.8% | 44.4%34.8% |
| 5 Year | 255.8%230.5% | 135.6%122.7% | 128.7%103.3% |
Long-Term Price Volatility Vs. Market
How volatile is CRA International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Did You Participate In Any Of CRA International's (NASDAQ:CRAI) Fantastic 223% Return ?3 weeks ago | Simply Wall St
Our Take On The Returns On Capital At CRA International (NASDAQ:CRAI)1 month ago | Simply Wall St
A Look At CRA International's (NASDAQ:CRAI) CEO RemunerationValuation
Is CRA International undervalued compared to its fair value and its price relative to the market?
19.97x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CRAI ($57.8) is trading above our estimate of fair value ($21.69)
Significantly Below Fair Value: CRAI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CRAI is good value based on its PE Ratio (20x) compared to the US Professional Services industry average (24.7x).
PE vs Market: CRAI is good value based on its PE Ratio (20x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: CRAI is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: CRAI is good value based on its PB Ratio (2.2x) compared to the US Professional Services industry average (3.5x).
Next Steps
Future Growth
How is CRA International forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
11.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRAI's forecast earnings growth (11.2% per year) is above the savings rate (2%).
Earnings vs Market: CRAI's earnings (11.2% per year) are forecast to grow slower than the US market (21.5% per year).
High Growth Earnings: CRAI's earnings are forecast to grow, but not significantly.
Revenue vs Market: CRAI's revenue (2.8% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: CRAI's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRAI's Return on Equity is forecast to be low in 3 years time (15.5%).
Next Steps
Past Performance
How has CRA International performed over the past 5 years?
22.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRAI has high quality earnings.
Growing Profit Margin: CRAI's current net profit margins (4.6%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: CRAI's earnings have grown significantly by 22% per year over the past 5 years.
Accelerating Growth: CRAI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CRAI had negative earnings growth (-1.1%) over the past year, making it difficult to compare to the Professional Services industry average (-0.06%).
Return on Equity
High ROE: CRAI's Return on Equity (11%) is considered low.
Next Steps
Financial Health
How is CRA International's financial position?
Financial Position Analysis
Short Term Liabilities: CRAI's short term assets ($196.7M) do not cover its short term liabilities ($197.2M).
Long Term Liabilities: CRAI's short term assets ($196.7M) exceed its long term liabilities ($148.6M).
Debt to Equity History and Analysis
Debt Level: CRAI's debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: CRAI's debt to equity ratio has increased from 0.03% to 18.6% over the past 5 years.
Debt Coverage: CRAI's debt is well covered by operating cash flow (97.6%).
Interest Coverage: CRAI's interest payments on its debt are well covered by EBIT (27.4x coverage).
Balance Sheet
Next Steps
Dividend
What is CRA International current dividend yield, its reliability and sustainability?
1.80%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CRAI's dividend (1.8%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: CRAI's dividend (1.8%) is low compared to the top 25% of dividend payers in the US market (3.85%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CRAI has been paying a dividend for less than 10 years.
Growing Dividend: CRAI's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.8%), CRAI's dividend payments are 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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
15.0yrs
Average management tenure
CEO
Paul Maleh (56 yo)
11.17yrs
Tenure
US$3,329,742
Compensation
Mr. Paul A. Maleh has been the Chief Executive Officer and President of CRA International Inc. (formerly known as Charles River Associates Inc.) since November 29, 2009 and has been its Chairman since July...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD3.33M) is above average for companies of similar size in the US market ($USD1.67M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 11.17yrs | US$3.33m | 1.82% $ 8.2m | |
| Executive VP & General Counsel | 16.92yrs | US$1.05m | 0.17% $ 762.8k | |
| Executive VP & Chief Corporate Development Officer | 0.83yr | US$1.11m | 0.34% $ 1.5m | |
| CFO, Executive VP | 0.83yr | no data | 0.16% $ 725.2k | |
| VP & Director of Operations | no data | no data | no data | |
| Principal | 17yrs | no data | no data | |
| Principal | no data | no data | no data | |
| VP & Head of European Competition Practice | 15.58yrs | no data | no data | |
| Principal | 21.5yrs | no data | no data | |
| Principal | no data | no data | no data | |
| Principal | 6.75yrs | no data | no data | |
| Principal | 15yrs | no data | no data |
15.0yrs
Average Tenure
51.5yo
Average Age
Experienced Management: CRAI's management team is seasoned and experienced (15 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 11.17yrs | US$3.33m | 1.82% $ 8.2m | |
| Independent Director | 4.92yrs | US$169.97k | 0.18% $ 824.7k | |
| Independent Lead Director | 0.50yr | US$164.97k | 0.32% $ 1.4m | |
| Chairman Emeritus | 0.50yr | US$314.97k | 0.91% $ 4.1m | |
| Independent Director | 6.08yrs | US$154.97k | 0.21% $ 924.6k | |
| Independent Director | 6.5yrs | US$176.47k | 0.21% $ 961.6k | |
| Independent Director | 0.67yr | no data | 0.052% $ 231.6k | |
| Independent Director | 0.83yr | no data | 0.055% $ 248.7k |
0.8yrs
Average Tenure
65yo
Average Age
Experienced Board: CRAI's board of directors are not considered experienced ( 0.8 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
CRA International, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: CRA International, Inc.
- Ticker: CRAI
- Exchange: NasdaqGS
- Founded: 1965
- Industry: Research and Consulting Services
- Sector: Commercial Services
- Market Cap: US$449.472m
- Shares outstanding: 7.78m
- Website: https://www.crai.com
Number of Employees
Location
- CRA International, Inc.
- 200 Clarendon Street
- Boston
- Massachusetts
- 02116-5092
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CR2 | MUN (Boerse Muenchen) | Yes | Common Stock | DE | EUR | Apr 1998 |
| CRAI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 1998 |
| CR2 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1998 |
Biography
CRA International, Inc., a consulting company, provides economic, financial, and management consulting services in the United States, the United Kingdom, and internationally. It advises clients on economic...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 23:01 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/26 |
| Annual Earnings | 2019/12/28 |
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.