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Market Cap

US$344.6m

Last Updated

2021/04/16 23:41 UTC

Data Sources

Company Financials

Executive Summary

CITIC Capital Acquisition Corp. does not have significant operations. More Details


Snowflake Analysis

Excellent balance sheet with poor track record.

Share Price & News

How has CITIC Capital Acquisition's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCAC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CCAC's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.3%

CCAC

0.6%

US Capital Markets

1.3%

US Market


1 Year Return

n/a

CCAC

61.5%

US Capital Markets

53.9%

US Market

Return vs Industry: Insufficient data to determine how CCAC performed against the US Capital Markets industry.

Return vs Market: Insufficient data to determine how CCAC performed against the US Market.


Shareholder returns

CCACIndustryMarket
7 Day-1.3%0.6%1.3%
30 Day-4.0%2.5%3.3%
90 Day-5.7%12.9%8.9%
1 Yearn/a65.2%61.5%56.6%53.9%
3 Yearn/a53.6%42.2%64.4%53.6%
5 Yearn/a145.2%114.4%120.4%95.7%

Long-Term Price Volatility Vs. Market

How volatile is CITIC Capital Acquisition's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is CITIC Capital Acquisition undervalued compared to its fair value and its price relative to the market?

268.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CCAC ($10.02) is trading above our estimate of fair value ($0.29)

Significantly Below Fair Value: CCAC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CCAC is poor value based on its PE Ratio (268.5x) compared to the US Capital Markets industry average (24.8x).

PE vs Market: CCAC is poor value based on its PE Ratio (268.5x) compared to the US market (22.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CCAC is overvalued based on its PB Ratio (69.1x) compared to the US Capital Markets industry average (68.2x).


Future Growth

How is CITIC Capital Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.8%

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 CITIC Capital Acquisition 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 CITIC Capital Acquisition performed over the past 5 years?

14.5%

Historical Diversified Financials annual earnings growth


Earnings and Revenue History

Quality Earnings: CCAC has a high level of non-cash earnings.

Growing Profit Margin: CCAC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if CCAC'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 CCAC's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.

Earnings vs Industry: CCAC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (10.5%).


Return on Equity

High ROE: Whilst CCAC's Return on Equity (25.67%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is CITIC Capital Acquisition's financial position?


Financial Position Analysis

Short Term Liabilities: CCAC's short term assets ($998.2K) exceed its short term liabilities ($84.4K).

Long Term Liabilities: CCAC's short term assets ($998.2K) do not cover its long term liabilities ($273.8M).


Debt to Equity History and Analysis

Debt Level: CCAC is debt free.

Reducing Debt: CCAC had no debt 5 years ago.

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

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


Balance Sheet


Dividend

What is CITIC Capital Acquisition current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CCAC'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 CCAC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCAC'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 CCAC'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?

1.2yrs

Average board tenure


CEO

Fanglu Wang (56 yo)

1.42yrs

Tenure

Mr. Fanglu Wang has been Founder, Chief Executive Officer and Director of CITIC Capital Acquisition Corp. since November 2019. Mr. Wang serves as the Senior Managing Director of Trustar Capital (formerly, ...


Board Members

Experienced Board: CCAC's board of directors are not considered experienced ( 1.2 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

CITIC Capital Acquisition Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CITIC Capital Acquisition Corp.
  • Ticker: CCAC
  • Exchange: NYSE
  • Founded: 2019
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$344.638m
  • Shares outstanding: 34.50m
  • Website: https://www.spacbyccac.com

Location

  • CITIC Capital Acquisition Corp.
  • East Tower, Genesis Beijing
  • 9th Floor
  • Beijing
  • 100027
  • China

Listings


Biography

CITIC Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combinati...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 23:41
End of Day Share Price2021/04/16 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.