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CM Seven Star Acquisition

Nasdaq:CMSS
Snowflake Description

Questionable track record with concerning outlook.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMSS
Nasdaq
$230M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

CM Seven Star Acquisition Corporation does not have significant operations. The last earnings update was 36 days ago. More info.


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CMSS Share Price and Events
7 Day Returns
4.1%
NasdaqCM:CMSS
0.3%
US Capital Markets
1.2%
US Market
1 Year Returns
-10.5%
NasdaqCM:CMSS
-6.3%
US Capital Markets
8.5%
US Market
CMSS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CM Seven Star Acquisition (CMSS) 4.1% 21.5% -14.6% -10.5% - -
US Capital Markets 0.3% 6.5% 3.2% -6.3% 55.2% 67.6%
US Market 1.2% 3.8% 10% 8.5% 41.1% 47.2%
1 Year Return vs Industry and Market
  • CMSS underperformed the Capital Markets industry which returned -6.3% over the past year.
  • CMSS underperformed the Market in United States of America which returned 8.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is CM Seven Star Acquisition 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
Here we compare the current share price of CM Seven Star Acquisition to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CM Seven Star Acquisition.

NasdaqCM:CMSS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.19 * 33.1%
$0.06
Book Value of Equity per Share Median Book Value from the past 5 years. $0.19
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:CMSS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.716 (1 + (1- 25%) (0.22%))
1.081
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.081 * 6.65%)
9.92%

Discounted Cash Flow Calculation for NasdaqCM:CMSS using Excess Returns Model Model

The calculations below outline how an intrinsic value for CM Seven Star Acquisition is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:CMSS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (33.1% – 9.92%) * $0.19)
$0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.04 / (9.92% - 2.73%)
$0.61
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.19 + $0.61
$0.8
NasdaqCM:CMSS Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.80
Current discount Discount to share price of $8.73
= -1 x ($8.73 - $0.80) / $0.80
-986.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CM Seven Star Acquisition is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 CM Seven Star Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CM Seven Star Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:CMSS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.09
NasdaqCM:CMSS Share Price ** NasdaqCM (2019-04-29) in USD $8.73
United States of America Capital Markets Industry PE Ratio Median Figure of 84 Publicly-Listed Capital Markets Companies 31.65x
United States of America Market PE Ratio Median Figure of 3,075 Publicly-Listed Companies 18.19x

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

** Primary Listing of CM Seven Star Acquisition.

NasdaqCM:CMSS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:CMSS Share Price ÷ EPS (both in USD)

= 8.73 ÷ 0.09

101.8x

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

  • CM Seven Star Acquisition is overvalued based on earnings compared to the US Capital Markets industry average.
  • CM Seven Star Acquisition is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does CM Seven Star Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:CMSS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 101.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
12.4%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.83x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.61x

*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 CM Seven Star Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CM Seven Star Acquisition's assets?
Raw Data
NasdaqCM:CMSS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.19
NasdaqCM:CMSS Share Price * NasdaqCM (2019-04-29) in USD $8.73
United States of America Capital Markets Industry PB Ratio Median Figure of 169 Publicly-Listed Capital Markets Companies 7.1x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqCM:CMSS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CMSS Share Price ÷ Book Value per Share (both in USD)

= 8.73 ÷ 0.19

45.96x

* Primary Listing of CM Seven Star Acquisition.

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

  • CM Seven Star Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess CM Seven Star Acquisition'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. CM Seven Star Acquisition 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.

Future Performance

 How is CM Seven Star Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CM Seven Star Acquisition, future earnings growth has been estimated based on fundamentals.
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
12.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CM Seven Star Acquisition expected to grow at an attractive rate?
  • CM Seven Star Acquisition's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CM Seven Star Acquisition's earnings growth is positive but not above the United States of America market average.
  • Unable to compare CM Seven Star Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:CMSS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:CMSS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 12.4%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.5%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CM Seven Star Acquisition's earnings are expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if CM Seven Star Acquisition 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
NasdaqCM:CMSS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CM Seven Star Acquisition Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CMSS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.09
2018-09-30 0.10
2018-06-30 0.06
2017-12-31 0.06
2016-12-31

*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 CM Seven Star Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CM Seven Star Acquisition'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
CM Seven Star Acquisition has a total score of 1/6, 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.

Past Performance

  How has CM Seven Star Acquisition 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 CM Seven Star Acquisition's growth in the last year to its industry (Capital Markets).
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.
  • Unable to establish if CM Seven Star Acquisition'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.
  • Unable to compare CM Seven Star Acquisition's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • CM Seven Star Acquisition's earnings growth has exceeded the US Capital Markets industry average in the past year (569.3% vs 37.1%).
Earnings and Revenue History
CM Seven Star Acquisition'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 CM Seven Star Acquisition Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CMSS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2.26
2018-09-30 2.49
2018-06-30 1.66
2017-12-31 0.34
2016-12-31 -0.11

*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.
  • CM Seven Star Acquisition made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if CM Seven Star Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • Unable to establish if CM Seven Star Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess CM Seven Star Acquisition'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 Capital Markets 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.
CM Seven Star Acquisition has a total score of 2/6, 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.

Health

 How is CM Seven Star Acquisition'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 CM Seven Star Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CM Seven Star Acquisition's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CM Seven Star Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CM Seven Star Acquisition'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 0.2x 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 CM Seven Star Acquisition Company Filings, last reported 3 months ago.

NasdaqCM:CMSS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5.00 0.50 0.04
2018-09-30 5.00 0.50 0.37
2018-06-30 5.00 0.50 0.46
2017-12-31 5.00 0.00 0.17
2016-12-31 -0.01 0.00
  • CM Seven Star Acquisition's level of debt (10%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if CM Seven Star Acquisition's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on CM Seven Star Acquisition's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess CM Seven Star Acquisition'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. CM Seven Star Acquisition 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.

Dividends

 What is CM Seven Star Acquisition'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 CM Seven Star Acquisition dividends.
If you bought $2,000 of CM Seven Star Acquisition shares you are expected to receive $0 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 CM Seven Star Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CM Seven Star Acquisition'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
NasdaqCM:CMSS 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
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

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 CM Seven Star Acquisition has not reported any payouts.
  • Unable to verify if CM Seven Star Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CM Seven Star Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CM Seven Star Acquisition 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 CM Seven Star Acquisition's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 CM Seven Star Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CM Seven Star Acquisition 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.

Management

 What is the CEO of CM Seven Star Acquisition'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.
CEO
Sing Wang
AGE 55
TENURE AS CEO 1.1 years
CEO Bio

Mr. Sing Wang has been Chief Executive Officer and Chairman of TKK Symphony Acquisition Corporation since February 5, 2018. Mr. Wang has been Chief Executive Officer and Director of CM Seven Star Acquisition Corp. since February 19, 2018. Mr. Wang has been an Independent Director of Vitamin Shoppe Inc. since April 24, 2018. Mr. Wang serves as Vice General Manager of CMIG Capital Company Limited since May 2017 and served as Senior Advisor to TPG China Limited (Growth Platform) from September 2015 to December 2017. Mr. Wang is an Advisor and Special Mentor at Harbor Pacific Capital LLC. He served at Headland Capital Partners Limited. He was a Partner at TPG Growth, where he joined TPG Growth on May 29, 2006 from TOM Group. Mr. Wang served as Chief Executive Officer of China Minsheng Financial Holding Corporation Limited since February 17, 2016 and until May 8, 2017 and served as its Executive Director since February 17, 2016 until May 10, 2017. Mr. Wang was a Global Partner, Senior Advisor, Co-Chairman of TPG Greater China and as well as Head of TPG RMB Funds. From 2006 to 2015, Mr. Wang was a Partner at TPG Growth Capital (Asia) Limited (previously known as Texas Pacific Group). He served as the Chief Executive Officer and Executive Director of TOM COM LTD since July 2000. He served as an Executive Director and Chief Executive Officer of TOM Group Limited from July 28, 2000 to January 27, 2006. He led TOM Group Ltd. through more than 40 acquisitions and strategic alliances, consolidating major media assets and building a media company of unparalleled scope and scale in Greater China. He served as the Chief Executive Officer at TOM Outdoor Media Group Ltd. He served as Head of TPG Growth North Asia from May 2006 to August 2015. Mr. Wang is one of the most experienced private equity Investors in Greater China. Prior to TOM Group, Ltd., he served as an Executive Director and Head of China High Technology, Hong Kong at The Goldman Sachs Group, Inc. Mr. Wang was responsible for Goldman Sachs' Mainland China investment projects. He joined Goldman Sachs in 1993 and was a Founding Member of the Asian private equity team and also worked in the Equity Capital markets and Corporate Finance divisions. Since 1999, Mr. Wang served as the Head of Goldman High Technology Group’s China High Technology team. Prior to Goldman Sachs, he was an Associate at Wardley Direct Investment Management Ltd., a Strategic Consultant at McKinsey & Company, Inc. for three years and did a brief stint at HSBC Direct Investment Management at HSBC Private Equity. In 1991, Mr. Wang founded Amerinvest Group of companies. He has served as the Chairman of TKK Capital since 2015. He also worked for two years at the Chinese Academy of Sciences. Mr. Wang serves as the Chairman of Amerinvest Group of Companies since 1991. He has been Chairman of Texas Kang Kai Group of Companies since 2015. He served as the Executive Chairman of Evolution Media China since January 2016 until November 2017. He served as Chairman of China Entertainment Television Broadcast Limited. Mr. Wang was the Chairman of Private Equity Association from May 2011 to November 2015. Mr. Wang serves as Vice Chairman at West China Coking & Gas Company Limited. He served as a Vice Chairman and a Non-Executive Director at TOM Online Inc. until January 27, 2006. He was an Independent Non-Executive Director of Sands China Ltd. since July 14, 2017 until October 11, 2018. He serves as a Director of MI Energy, China Vogue Casualwear and Yunnan Red. Mr. Wang serves as a Member of Board of Governors at China Venture Capital and Private Equity Association. He served as a Non-Executive Director of MIE Holdings Corporation from June 22, 2010 to November 13, 2015. He served as a Director of Cite Publishing Limited (Taiwan). He served as a Director of China Resources Land Limited from August 1996 to January 1999. Mr. Wang served as a Director of ShangPharma Corporation. He served as an Executive Director at TOM Group Ltd. from July 2000 to January 2006. He served as a Non-Executive Director of China Renewable Energy Investment Limited from June 8, 2011 to October 22, 2015. He was a Member of the Listing Committee of the Stock Exchange from June 2011 to May 2013. Mr. Wang also holds several business and community appointments. His achievements have been recognized in the media sector with the award of top 10 “China Media People 2005”. Mr. Wang was selected by Cai Jing Shi Bao as one of the “Top 10 China IT Business People” in 2003. Subsequently, he won the “Executive Award” in the 2004 DHL/SCMP Hong Kong Business Award and also became a Member of the “Young Global Leaders” under the World Economic Forum. From mid-1993 until mid- 2000 he served in various positions at Goldman Sachs Hong Kong / New York. He also won the award of “China Media People 2005” and “China's Venture Capital Award for Outstanding Investor from 1998 to 2008”. Mr. Wang won the Executive Award in the 2004 DHL/South China Morning Post Hong Kong Business Award. Mr. Wang graduated from Yunnan University, China, with a Bachelor of Science degree in Chemistry in 1982. He holds a Master of Science degree in Land Management/Forestry and its Relation to Land Use in 1989, a Bachelor of Arts degree in Philosophy, Politics and Economics and Master of Arts in 1996, all from the University of Oxford, UK.

CEO Compensation
  • Insufficient data for Sing to compare compensation growth.
  • Insufficient data for Sing to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CM Seven Star Acquisition management team in years:

1.8
Average Tenure
45
Average Age
  • The average tenure for the CM Seven Star Acquisition management team is less than 2 years, this suggests a new team.
Management Team

Sing Wang

TITLE
CEO & Director
AGE
55
TENURE
1.1 yrs

Steve Cannon

TITLE
President
AGE
50
TENURE
1.8 yrs

Alan Chow

TITLE
Chief Operating Officer
AGE
40
TENURE
1.8 yrs

Kathy Li

TITLE
Director of Investor Relations
AGE
38
TENURE
1.8 yrs

Patrick Ho

TITLE
Senior Vice President
AGE
45
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the CM Seven Star Acquisition board of directors in years:

1.5
Average Tenure
50
Average Age
  • The average tenure for the CM Seven Star Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors

Anthony Ho

TITLE
Non Executive Chairman
AGE
52
TENURE
1.1 yrs

Sing Wang

TITLE
CEO & Director
AGE
55
TENURE
1.1 yrs

Steve Cannon

TITLE
President
AGE
50
TENURE
1.8 yrs

Jiong Shao

TITLE
Director
AGE
50
TENURE
1.5 yrs

Michele Smith

TITLE
Director
AGE
47
TENURE
1.5 yrs
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 ($) Value ($)
07. Jan 19 Sell Polar Asset Management Partners Inc. Company 03. Jan 19 03. Jan 19 -200,000 $10.13 $-2,026,000
X
Management checks
We assess CM Seven Star Acquisition'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. CM Seven Star Acquisition 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.

News

Simply Wall St News

CM Seven Star Acquisition Corporation (NASDAQ:CMSS): Is Financials Attractive Relative To NasdaqCM Peers?

CM Seven Star Acquisition Corporation (NASDAQ:CMSS), a US$255.07M small-cap, is a capital market firm operating in an industry, which now face the choice of either being disintermediated or proactively disrupting their own business models to thrive in the future. … Below, I will examine the sector growth prospects, and also determine whether CM Seven Star Acquisition is a laggard or leader relative to its financial sector peers. … Given the lack of analyst consensus in CM Seven Star Acquisition’s outlook, we could potentially assume the stock’s growth rate broadly follows its capital markets industry peers.

Simply Wall St -

Should You Invest In The Financial Sector And CM Seven Star Acquisition Corporation (CMSS)?

Given the lack of analyst consensus in CMSS’s outlook, we could potentially assume the stock’s growth rate broadly follows its capital markets industry peers. … This means it is an attractive growth stock relative to the wider US stock market. … Capital markets companies are typically trading at a PE of 18x, relatively similar to the rest of the US stock market PE of 22x.

Simply Wall St -

Company Info

Description

CM Seven Star Acquisition Corporation does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was founded in 2016 and is based in Central, Hong Kong.

Details
Name: CM Seven Star Acquisition Corporation
CMSS
Exchange: NasdaqCM
Founded: 2016
$229,800,593
26,323,092
Website: http://
Address: CM Seven Star Acquisition Corporation
AIA Central,
Suite 1306,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CMSS Ordinary Shares Nasdaq Capital Market US USD 06. Nov 2017
NasdaqCM CMSS.U Units Nasdaq Capital Market US USD 26. Oct 2017
Number of employees
Current staff
Staff numbers
0
CM Seven Star Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/30 01:10
End of day share price update: 2019/04/29 00:00
Last earnings filing: 2019/03/25
Last earnings reported: 2018/12/31
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.