NasdaqGS:CRAI

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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


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.8%

CRAI

-1.8%

US Professional Services

-1.3%

US Market


1 Year Return

-5.1%

CRAI

16.2%

US Professional Services

18.5%

US Market

Return vs Industry: CRAI underperformed the US Professional Services industry which returned 16.2% over the past year.

Return vs Market: CRAI underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

CRAIIndustryMarket
7 Day1.8%-1.8%-1.3%
30 Day0.2%4.1%5.3%
90 Day-3.5%5.6%7.5%
1 Year-3.1%-5.1%17.0%16.2%21.3%18.5%
3 Year-0.1%-5.1%53.4%48.7%42.4%32.9%
5 Year77.6%66.0%90.2%80.1%84.2%63.5%

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

Valuation

Is CRA International undervalued compared to its fair value and its price relative to the market?

13.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CRAI ($39.38) is trading above our estimate of fair value ($32.3)

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 (13.4x) compared to the US Professional Services industry average (24.7x).

PE vs Market: CRAI is good value based on its PE Ratio (13.4x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: CRAI is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: CRAI is good value based on its PB Ratio (1.5x) compared to the US Professional Services industry average (2.6x).


Next Steps

Future Growth

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

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRAI's forecast earnings growth (10.9% per year) is above the savings rate (2.2%).

Earnings vs Market: CRAI's earnings (10.9% per year) are forecast to grow slower than the US market (22.2% per year).

High Growth Earnings: CRAI's earnings are forecast to grow, but not significantly.

Revenue vs Market: CRAI's revenue (3.7% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: CRAI's revenue (3.7% 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 (13.6%).


Next Steps

Past Performance

How has CRA International performed over the past 5 years?

20.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRAI has high quality earnings.

Growing Profit Margin: CRAI's current net profit margins (4.7%) are lower than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: CRAI's earnings have grown significantly by 20.4% per year over the past 5 years.

Accelerating Growth: CRAI's earnings growth over the past year (9%) is below its 5-year average (20.4% per year).

Earnings vs Industry: CRAI earnings growth over the past year (9%) exceeded the Professional Services industry -1.7%.


Return on Equity

High ROE: CRAI's Return on Equity (11.3%) 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 ($190.0M) do not cover its short term liabilities ($197.5M).

Long Term Liabilities: CRAI's short term assets ($190.0M) exceed its long term liabilities ($148.9M).


Debt to Equity History and Analysis

Debt Level: CRAI's debt to equity ratio (29.2%) is considered satisfactory.

Reducing Debt: CRAI's debt to equity ratio has increased from 0.03% to 29.2% over the past 5 years.

Debt Coverage: CRAI's debt is well covered by operating cash flow (50.2%).

Interest Coverage: CRAI's interest payments on its debt are well covered by EBIT (23.6x coverage).


Balance Sheet


Next Steps

Dividend

What is CRA International current dividend yield, its reliability and sustainability?

2.34%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CRAI's dividend (2.34%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: CRAI's dividend (2.34%) is low compared to the top 25% of dividend payers in the US market (4.68%).


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 (30.3%), 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?

10.9yrs

Average management tenure


CEO

Paul Maleh (56 yo)

10.92yrs

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 ($USD3.33M) is above average for companies of similar size in the US market ($USD1.93M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Paul Maleh
Chairman10.92yrsUS$3.33m1.69%
$ 5.2m
Jonathan Yellin
Executive VP & General Counsel16.67yrsUS$1.05m0.15%
$ 476.6k
Chad Holmes
Executive VP & Chief Corporate Development Officer0.58yrUS$1.11m0.30%
$ 935.5k
Daniel Mahoney
CFO, Executive VP & Treasurer0.58yrno data0.16%
$ 494.1k
Mary Savio
VP & Director of Operationsno datano datano data
Douglas Miller
VP, Chief Accounting Officer & Corporate Controller3.5yrsno datano data
Samuel Lynch
Principal16.75yrsno datano data
Elahd Toam
Principalno datano datano data
Cristina Caffarra
VP & Head of European Competition Practice15.33yrsno datano data
Miguel Herce
Principal21.25yrsno datano data
Xiao-Ru Wang
Principalno datano datano data
Sandra Chan
Principal6.5yrsno datano data

10.9yrs

Average Tenure

55yo

Average Age

Experienced Management: CRAI's management team is seasoned and experienced (10.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Maleh
Chairman10.92yrsUS$3.33m1.69%
$ 5.2m
Thomas Avery
Independent Director4.67yrsUS$169.97k0.18%
$ 561.9k
William Concannon
Independent Lead Director0.25yrUS$164.97k0.32%
$ 973.3k
Rowland Moriarty
Chairman Emeritus0.25yrUS$314.97k0.90%
$ 2.8m
Nancy Hawthorne
Independent Director5.83yrsUS$154.97k0.20%
$ 629.9k
Robert Holthausen
Independent Director6.25yrsUS$176.47k0.21%
$ 655.2k
Christine Detrick
Independent Director0.42yrno data0.051%
$ 157.8k
Richard Booth
Independent Director0.58yrno data0.055%
$ 169.4k

0.5yrs

Average Tenure

65yo

Average Age

Experienced Board: CRAI's board of directors are not considered experienced ( 0.5 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.


Recent Insider Transactions

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$308.189m
  • Shares outstanding: 7.83m
  • Website: https://www.crai.com

Number of Employees


Location

  • CRA International, Inc.
  • 200 Clarendon Street
  • Boston
  • Massachusetts
  • 02116-5092
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CR2MUN (Boerse Muenchen)YesCommon StockDEEURApr 1998
CRAINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1998
CR2DB (Deutsche Boerse AG)YesCommon StockDEEURApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 00:42
End of Day Share Price2020/10/20 00:00
Earnings2020/06/27
Annual Earnings2019/12/28


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.