CITIC Capital Acquisition
Market Cap
US$350.2m
Last Updated
2021/04/12 22:52 UTC
Data Sources
Company Financials
Executive Summary
CITIC Capital Acquisition Corp. does not have significant operations. More Details
Rewards
Risk Analysis
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
1.2%
CCAC
1.2%
US Capital Markets
0.9%
US Market
1 Year Return
n/a
CCAC
66.8%
US Capital Markets
57.9%
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
| CCAC | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | 1.2% | 0.9% |
| 30 Day | -3.6% | 1.3% | 2.3% |
| 90 Day | -6.3% | 9.6% | 6.3% |
| 1 Year | n/a | 70.6%66.8% | 60.8%57.9% |
| 3 Year | n/a | 55.0%43.8% | 64.5%53.9% |
| 5 Year | n/a | 154.8%123.2% | 120.9%96.4% |
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
2 weeks ago | Simply Wall St
Could The CITIC Capital Acquisition Corp. (NYSE:CCAC) Ownership Structure Tell Us Something Useful?3 months ago | Simply Wall St
How Many CITIC Capital Acquisition Corp. (NYSE:CCAC) Shares Do Institutions Own?7 months ago | Simply Wall St
Could The CITIC Capital Acquisition Corp. (NYSE:CCAC) Ownership Structure Tell Us Something Useful?Valuation
Is CITIC Capital Acquisition undervalued compared to its fair value and its price relative to the market?
271.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CCAC ($10.15) 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 (272x) compared to the US Capital Markets industry average (25.2x).
PE vs Market: CCAC is poor value based on its PE Ratio (272x) compared to the US market (22.3x).
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 (70x) compared to the US Capital Markets industry average (68.9x).
Future Growth
How is CITIC Capital Acquisition forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
12.5%
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 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?
14.9%
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 (10.4%).
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$350.175m
- 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/12 22:52 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.