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Corporate Capital Trust

NYSE:CCT
Snowflake Description

Fair value with acceptable track record.

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

Corporate Capital Trust, Inc. is a business development company co- sponsored by CNL Fund Advisors Company and KKR Asset Management, LLC. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • Corporate Capital Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Corporate Capital Trust has significant price volatility in the past 3 months.
CCT Share Price and Events
7 Day Returns
-7.7%
NYSE:CCT
-4.4%
US Capital Markets
-5.5%
US Market
1 Year Returns
-27.2%
NYSE:CCT
-15.8%
US Capital Markets
-8%
US Market
CCT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Corporate Capital Trust (CCT) -7.7% -10.2% -22.3% -27.2% - -
US Capital Markets -4.4% -9.7% -18.4% -15.8% 25.9% 42.4%
US Market -5.5% -6.6% -15.7% -8% 19.7% 29.6%
1 Year Return vs Industry and Market
  • CCT underperformed the Capital Markets industry which returned -15.8% over the past year.
  • CCT underperformed the Market in United States of America which returned -8% over the past year.
Price Volatility
CCT
Industry
5yr Volatility vs Market

Value

 Is Corporate Capital Trust 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 Corporate Capital Trust 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 Corporate Capital Trust.

NYSE:CCT 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
= $20.01 * 6.2%
$1.24
Book Value of Equity per Share Median Book Value from the past 5 years. $20.01
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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 NYSE:CCT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.772 (1 + (1- 21%) (118.76%))
1.497
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.5
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.497 * 7.05%)
13.5%

Discounted Cash Flow Calculation for NYSE:CCT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Corporate Capital Trust 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.

NYSE:CCT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.2% – 13.5%) * $20.01)
$-1.46
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.46 / (13.5% - 2.95%)
$-13.83
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $20.01 + $-13.83
$6.18
NYSE:CCT Discount to Share Price
Calculation Result
Value per share (USD) From above. $6.18
Current discount Discount to share price of $12.35
= -1 x ($12.35 - $6.18) / $6.18
-99.9%

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

  • The current share price of Corporate Capital Trust 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 Corporate Capital Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Corporate Capital Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CCT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $1.17
NYSE:CCT Share Price ** NYSE (2018-12-19) in USD $12.35
United States of America Capital Markets Industry PE Ratio Median Figure of 68 Publicly-Listed Capital Markets Companies 17.81x
United States of America Market PE Ratio Median Figure of 3,019 Publicly-Listed Companies 16.22x

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

** Primary Listing of Corporate Capital Trust.

NYSE:CCT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CCT Share Price ÷ EPS (both in USD)

= 12.35 ÷ 1.17

10.59x

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

  • Corporate Capital Trust is good value based on earnings compared to the US Capital Markets industry average.
  • Corporate Capital Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Corporate Capital Trust's expected growth come at a high price?
Raw Data
NYSE:CCT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
10.6%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 34 Publicly-Listed Capital Markets Companies 1.61x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.12x

*Line of best fit is calculated by linear regression .

NYSE:CCT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.59x ÷ 10.6%

1x

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

  • Corporate Capital Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Corporate Capital Trust's assets?
Raw Data
NYSE:CCT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $19.44
NYSE:CCT Share Price * NYSE (2018-12-19) in USD $12.35
United States of America Capital Markets Industry PB Ratio Median Figure of 130 Publicly-Listed Capital Markets Companies 4.45x
United States of America Market PB Ratio Median Figure of 5,085 Publicly-Listed Companies 1.65x
NYSE:CCT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CCT Share Price ÷ Book Value per Share (both in USD)

= 12.35 ÷ 19.44

0.64x

* Primary Listing of Corporate Capital Trust.

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

  • Corporate Capital Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Corporate Capital Trust'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. Corporate Capital Trust has a total score of 3/6, 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 Corporate Capital Trust expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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
10.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Corporate Capital Trust expected to grow at an attractive rate?
  • Corporate Capital Trust's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Corporate Capital Trust's earnings growth is positive but not above the United States of America market average.
  • Corporate Capital Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CCT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CCT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 10.6%
NYSE:CCT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.6%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 8.1%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NYSE:CCT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CCT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 212
2019-12-31 436 216 3
2018-12-31 413 200 1
NYSE:CCT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 414 121 150
2018-06-30 408 70 163
2018-03-31 405 314 162
2017-12-31 398 481 174
2017-09-30 393 307 214
2017-06-30 392 380 281
2017-03-31 390 5 363
2016-12-31 386 -42 243
2016-09-30 372 -326 156
2016-06-30 352 -827 -16
2016-03-31 326 -734 -105
2015-12-31 311 -1,112 -38

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Corporate Capital Trust's earnings are expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
  • Corporate Capital Trust's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
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
NYSE:CCT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Corporate Capital Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CCT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.71 1.71 1.71 1.00
2019-12-31 1.71 1.81 1.65 4.00
2018-12-31 1.60 1.65 1.54 2.00
NYSE:CCT Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 1.17
2018-06-30 1.24
2018-03-31 1.21
2017-12-31 1.27
2017-09-30 1.56
2017-06-30 2.05
2017-03-31 2.66
2016-12-31 1.80
2016-09-30 1.18
2016-06-30 -0.12
2016-03-31 -0.87
2015-12-31 -0.34

*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.
  • Corporate Capital Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Corporate Capital Trust'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.
Corporate Capital Trust 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 Corporate Capital Trust 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 Corporate Capital Trust'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.
  • Corporate Capital Trust's year on year earnings growth rate has been positive over the past 5 years.
  • Corporate Capital Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Corporate Capital Trust's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Corporate Capital Trust'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 Corporate Capital Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CCT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 414.06 149.56 134.44
2018-06-30 407.79 163.43 125.84
2018-03-31 404.50 162.31 125.91
2017-12-31 397.71 174.13 121.25
2017-09-30 392.67 214.21 115.73
2017-06-30 392.49 281.15 119.43
2017-03-31 390.47 363.12 121.53
2016-12-31 386.47 243.12 121.54
2016-09-30 371.76 156.18 115.43
2016-06-30 352.28 -15.76 107.38
2016-03-31 325.99 -105.28 94.24
2015-12-31 311.10 -38.21 95.13
2015-09-30 292.12 -16.89 82.16
2015-06-30 277.54 64.68 79.90
2015-03-31 254.73 71.61 75.88
2014-12-31 230.71 84.32 73.68
2014-09-30 210.79 146.03 86.99
2014-06-30 182.98 158.97 84.13
2014-03-31 154.16 126.01 72.47
2013-12-31 119.57 104.96 60.35
2013-09-30 85.90 68.54 42.47
2012-12-31 35.58 25.65 17.02
2012-09-30 21.99 20.32 10.24
2011-12-31 0.96 1.38 0.02

*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.
  • Corporate Capital Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Corporate Capital Trust used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Corporate Capital Trust has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Corporate Capital Trust'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.
Corporate Capital Trust has a total score of 3/6, 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 Corporate Capital Trust'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 Corporate Capital Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Corporate Capital Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Corporate Capital Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Corporate Capital Trust'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 0.1x 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 Corporate Capital Trust Company Filings, last reported 2 months ago.

NYSE:CCT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 2,413.48 1,820.49 148.74
2018-06-30 2,440.92 1,799.44 89.77
2018-03-31 2,505.90 1,606.43 166.55
2017-12-31 2,485.10 1,588.38 130.96
2017-09-30 2,719.21 1,658.95 288.11
2017-06-30 2,749.90 1,480.18 125.18
2017-03-31 2,779.24 1,406.85 52.48
2016-12-31 2,759.33 1,627.66 132.26
2016-09-30 2,758.08 1,456.94 43.87
2016-06-30 2,699.46 1,654.91 133.65
2016-03-31 2,614.52 1,252.09 99.08
2015-12-31 2,594.02 1,418.66 69.20
2015-09-30 2,526.36 1,207.51 52.88
2015-06-30 2,462.35 1,023.42 128.83
2015-03-31 2,307.06 859.32 47.29
2014-12-31 2,145.82 772.68 46.98
2014-09-30 1,970.24 581.58 80.53
2014-06-30 1,789.45 497.49 122.89
2014-03-31 1,577.41 432.06 85.98
2013-12-31 1,430.43 707.39 86.21
2013-09-30
2012-12-31 611.48 159.62 0.31
2012-09-30 450.00 160.92 0.01
2011-12-31 65.16 25.34
  • Corporate Capital Trust's level of debt (75.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (46.5% vs 75.4% today).
  • Debt is not well covered by operating cash flow (6.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Corporate Capital Trust'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. Corporate Capital Trust has a total score of 2/6, 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 Corporate Capital Trust'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
13.85%
Current annual income from Corporate Capital Trust dividends. Estimated to be 13.35% next year.
If you bought $2,000 of Corporate Capital Trust shares you are expected to receive $277 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?
  • Corporate Capital Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.54%).
  • Corporate Capital Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.88%).
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
NYSE:CCT 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 3 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1984 Stocks 2.7%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CCT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.61 1.00
2019-12-31 1.61 3.00
2018-12-31 1.70 3.00
NYSE:CCT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-08 1.710 12.399
2018-11-07 1.710 11.630
2018-08-09 1.710 11.056
2018-03-06 1.761 10.575
2017-11-14 1.609 9.822
2015-08-21 1.799 1,798,600.000

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

  • Whilst dividend payments have been stable, Corporate Capital Trust has been paying a dividend for less than 10 years.
  • Corporate Capital Trust has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Corporate Capital Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Corporate Capital Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Corporate Capital Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Corporate Capital Trust has a total score of 2/6, 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 Corporate Capital Trust'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
Michael Forman
AGE 57
TENURE AS CEO 0.7 years
CEO Bio

Mr. Michael Craig Forman has been the Chief Executive Officer at Corporate Capital Trust, Inc., since April 2018. Mr. Forman serves as the Chief Executive Officer and Chairman of FS Investments. Mr. Forman has been leading Franklin Square Holdings, L.P. since co-founding it in 2007. He has served as the Chairman, President and Chief Executive Officer at FB Advisor since its inception. He has been a Member of Advisory Board of Innovatus Capital Partners, LLC since joining on JUly 25, 2018. Mr. Forman has been the Chairman, President, Chief Executive Officer and Principal at FS Global Advisor LLC since January 2013. He has been the Chairman, President and Chief Executive Officer at FSIC III Advisor since its inception in October 2013. Mr. Forman also currently serves as Chairman, President and Chief Executive Officer of FB Income Advisor, LLC and FS Investment Advisor, LLC and has presided in such roles since each entity's inception in October 2007 and September 2010 respectively. He serves as the Founder, Managing General Partner and Chairman of FB Capital Partners, L.P. In May 2007, Mr. Forman co-founded Franklin Square Holdings. Prior to co-founding Franklin Square, he founded a private equity and real estate investment firm. Prior to co-founding FB Capital Partners, L.P., Mr. Forman spent nearly 20 years as an Attorney and Senior Partner in the Corporate and Securities Department at Klehr, Harrison, Harvey, Branzburg & Ellers LLP. He was a Partner from 1991 until leaving the firm to focus exclusively on investments. Mr. Forman had earlier served in a number of leadership positions at the firm, including as Hiring Partner. He was employed at the firm for over 17 years. He has built a number of other successful businesses in the private equity and debt, financial services and investment management industries. In addition to his career as an attorney and investor, Mr. Forman has been an active entrepreneur and has founded several companies, including companies engaged in the gaming, specialty finance and asset management industries. Mr. Forman started his career as corporate and securities lawyer. He is the Chairman of FS OneEquity Partners Co. L.P. since September 2015. Mr. Forman is a Director of Murex Investments. He is the Chairman of The Vetri Foundation for Children. He is a member of a number of civic and charitable boards, including The Franklin Institute, Drexel University and the Philadelphia Center City District Foundation. Mr. Forman serves as Co-Chair of the Capital Campaign for The Philadelphia School. He also serves on the Board of Advisors of Temple University's Fox School of Business. Mr. Forman is a Corporate Leadership Board Member of The Barnes Foundation and a Corporate Council Member of the Children's Hospital of Philadelphia. He is a member of the Board of the Center City District Foundation. Mr. Forman previously served as a Director of Cosentino Signature Wines PLC since February 09, 2007. He also served The University of the Arts as a Trustee. Mr. Forman was named 'Ernst & Young Entrepreneur of the Year' for the Greater Philadelphia region in 2013. He has extensive experience in corporate and securities law. Mr. Forman earned a JD from Rutgers School of Law-Newark. He received a BA degree from the University Of Rhode Island, where he graduated summa cum laude and was elected Phi Beta Kappa.

CEO Compensation
  • Insufficient data for Michael to compare compensation growth.
  • Insufficient data for Michael 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 Corporate Capital Trust management team in years:

1.1
Average Tenure
51
Average Age
  • The average tenure for the Corporate Capital Trust management team is less than 2 years, this suggests a new team.
Management Team

Todd Builione

TITLE
President & Director
AGE
44
TENURE
0.9 yrs

Michael Forman

TITLE
Chief Executive Officer
AGE
57
TENURE
0.7 yrs

Thomas Murphy

TITLE
Chief Financial Officer
AGE
51
TENURE
1.1 yrs

Ryan Wilson

TITLE
Chief Operating Officer
TENURE
1.1 yrs

Dan Pietrzak

TITLE
Chief Investment Officer
AGE
43

Danny McMahon

TITLE
Head of Investor Relations

Kirk Montgomery

TITLE
Chief Compliance Officer
AGE
62
TENURE
5.4 yrs

Philip Davidson

TITLE
General Counsel
Board of Directors Tenure

Average tenure and age of the Corporate Capital Trust board of directors in years:

4.8
Average Tenure
59
Average Age
  • The tenure for the Corporate Capital Trust board of directors is about average.
Board of Directors

Todd Builione

TITLE
President & Director
AGE
44
TENURE
1.8 yrs

Fred Arnold

TITLE
Director
COMPENSATION
$165K
AGE
63
TENURE
7.9 yrs

Jim Kropp

TITLE
Director
COMPENSATION
$165K
AGE
69
TENURE
7.9 yrs

Laurie Hodrick

TITLE
Independent Director
COMPENSATION
$118K
AGE
55
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
24. Aug 18 Buy Ryan Wilson Individual 23. Aug 18 23. Aug 18 2,500 $16.30 $40,750
24. Aug 18 Buy Frederick Arnold Individual 23. Aug 18 23. Aug 18 7,500 $16.48 $122,961
12. Mar 18 Buy Daniel Pietrzak Individual 08. Mar 18 08. Mar 18 15,000 $16.16 $241,275
12. Mar 18 Buy Laurie Hodrick Individual 08. Mar 18 08. Mar 18 11,000 $16.19 $176,775
12. Mar 18 Buy Philip Davidson Individual 08. Mar 18 08. Mar 18 3,000 $16.00 $48,000
12. Mar 18 Buy Frederick Arnold Individual 08. Mar 18 08. Mar 18 5,000 $16.00 $79,995
12. Mar 18 Buy Todd Builione Individual 08. Mar 18 08. Mar 18 15,000 $16.20 $241,942
12. Mar 18 Buy Ryan Wilson Individual 08. Mar 18 08. Mar 18 6,000 $16.20 $97,058
X
Management checks
We assess Corporate Capital Trust'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. Corporate Capital Trust 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

External News
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Simply Wall St News

Company Info

Map
Description

Corporate Capital Trust, Inc. is a business development company co- sponsored by CNL Fund Advisors Company and KKR Asset Management, LLC. It specializes in senior debt and subordinated debt investments in medium and large sized mature companies. The fund does not invest in start-up companies or companies with speculative business plans. It seeks to invest across all industries. The fund primarily invests in the United States but may also consider investments in European Union, Canada, Australia, and Japan. It invests in companies with enterprise values ranging from $100 million to $4 billion. The fund structures its investments as corporate loans, bonds, warrants, options, equity co-investments, and other forms of equity participation. It may separately purchase common or preferred equity interests in transactions.

Details
Name: Corporate Capital Trust, Inc.
CCT
Exchange: NYSE
Founded: 2010
$1,532,877,603
124,119,644
Website: http://www.corporatecapitaltrust.com
Address: Corporate Capital Trust, Inc.
450 South Orange Avenue,
13th Floor,
Orlando,
Florida, 32801,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CCT Common Stock New York Stock Exchange US USD 21. Aug 2015
Number of employees
Current staff
Staff numbers
0
Corporate Capital Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/21 01:30
End of day share price update: 2018/12/19 00:00
Last estimates confirmation: 2018/12/19
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.