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Market Cap

US$838.4m

Last Updated

2021/03/25 22:21 UTC

Data Sources

Company Financials

Executive Summary

CIIG Merger Corp. does not have significant operations. More Details


Snowflake Analysis

Adequate balance sheet with weak fundamentals.

Share Price & News

How has CIIG Merger's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CIIC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: CIIC's weekly volatility (12%) has been stable over the past year.


Market Performance


7 Day Return

-12.4%

CIIC

0.5%

US Capital Markets

1.3%

US Market


1 Year Return

123.4%

CIIC

61.7%

US Capital Markets

53.8%

US Market

Return vs Industry: CIIC exceeded the US Capital Markets industry which returned 76.4% over the past year.

Return vs Market: CIIC exceeded the US Market which returned 65.2% over the past year.


Shareholder returns

CIICIndustryMarket
7 Day-12.4%0.5%1.3%
30 Day-3.6%3.6%5.1%
90 Day-31.5%12.9%8.9%
1 Year123.4%123.4%65.4%61.7%56.6%53.8%
3 Yearn/a53.4%42.1%64.4%53.6%
5 Yearn/a145.3%114.6%120.4%95.7%

Long-Term Price Volatility Vs. Market

How volatile is CIIG Merger's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CIIG Merger undervalued compared to its fair value and its price relative to the market?

139.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CIIC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CIIC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CIIC is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: CIIC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CIIC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CIIC is overvalued based on its PB Ratio (139.7x) compared to the US Capital Markets industry average (43.1x).


Future Growth

How is CIIG Merger forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.5%

Forecasted Diversified Financials 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 CIIG Merger 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.


Past Performance

How has CIIG Merger performed over the past 5 years?

-4,941.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: CIIC is currently unprofitable.

Growing Profit Margin: CIIC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if CIIC's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare CIIC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CIIC is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.1%).


Return on Equity

High ROE: CIIC has a negative Return on Equity (-106.06%), as it is currently unprofitable.


Financial Health

How is CIIG Merger's financial position?


Financial Position Analysis

Short Term Liabilities: CIIC's short term assets ($444.5K) do not cover its short term liabilities ($5.3M).

Long Term Liabilities: CIIC's short term assets ($444.5K) do not cover its long term liabilities ($250.0M).


Debt to Equity History and Analysis

Debt Level: CIIC is debt free.

Reducing Debt: CIIC has not had any debt for past 5 years.

Debt Coverage: CIIC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CIIC has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is CIIG Merger current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CIIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CIIC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CIIC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CIIC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CIIC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average board tenure


CEO

F. Cuneo (76 yo)

1.5yrs

Tenure

Mr. F. Peter Cuneo has been Chairman of the Board of Iconix Brand Group, Inc. since January 2019. Mr. Cuneo has been the Chief Executive Officer and Chairman at CIIG Merger Corp. since September 19, 2019. ...


Board Members

Experienced Board: CIIC's board of directors are not considered experienced ( 1.3 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 been diluted in the past year, with total shares outstanding growing by 38%.


Top Shareholders

Company Information

CIIG Merger Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CIIG Merger Corp.
  • Ticker: CIIC
  • Exchange: NasdaqCM
  • Founded: 2019
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$838.350m
  • Shares outstanding: 38.81m
  • Website: https://ciigcorp.com

Location

  • CIIG Merger Corp.
  • 40 West 57th Street
  • 29th Floor
  • New York
  • New York
  • 10019
  • United States

Listings


Biography

CIIG Merger Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/25 22:21
End of Day Share Price2021/03/24 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.