Snowflake Score | |
---|---|
Valuation | 4/6 |
Future Growth | 1/6 |
Past Performance | 0/6 |
Financial Health | 2/6 |
Dividends | 0/6 |
CNNE Stock Overview
Cannae Holdings, Inc. is a principal investment firm.
Rewards
Risk Analysis
No risks detected for CNNE from our risk checks.
Cannae Holdings Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$19.65 |
52 Week High | US$36.50 |
52 Week Low | US$17.12 |
Beta | 0.80 |
1 Month Change | -1.50% |
3 Month Change | -19.43% |
1 Year Change | -44.08% |
3 Year Change | -32.61% |
5 Year Change | n/a |
Change since IPO | 6.85% |
Recent News & Updates
Cannae Holdings: Trading At A Discount To NAV And Insiders Have Been Buying
Investors get to invest alongside a smart investor with a good track record of creating value. CNNE is trading at a conservative 0.87x P/NAV of its public investments. Investors get a handful of free call options on its private investments. Insiders have been consistently buying and own ~6% of the company.
Shareholder Returns
CNNE | US Diversified Financial | US Market | |
---|---|---|---|
7D | -5.9% | -0.7% | -2.5% |
1Y | -44.1% | -2.7% | -21.2% |
Return vs Industry: CNNE underperformed the US Diversified Financial industry which returned -4.4% over the past year.
Return vs Market: CNNE underperformed the US Market which returned -21.7% over the past year.
Price Volatility
CNNE volatility | |
---|---|
CNNE Average Weekly Movement | 7.8% |
Diversified Financial Industry Average Movement | 7.1% |
Market Average Movement | 8.1% |
10% most volatile stocks in US Market | 16.9% |
10% least volatile stocks in US Market | 3.2% |
Stable Share Price: CNNE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: CNNE's weekly volatility (8%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2014 | 12,938 | Rick Massey | https://www.cannaeholdings.com |
Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes.
Cannae Holdings Fundamentals Summary
CNNE fundamental statistics | |
---|---|
Market Cap | US$1.57b |
Earnings (TTM) | -US$301.50m |
Revenue (TTM) | US$737.70m |
2.1x
P/S Ratio-5.2x
P/E RatioIs CNNE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
CNNE income statement (TTM) | |
---|---|
Revenue | US$737.70m |
Cost of Revenue | US$704.30m |
Gross Profit | US$33.40m |
Other Expenses | US$334.90m |
Earnings | -US$301.50m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | -3.76 |
Gross Margin | 4.53% |
Net Profit Margin | -40.87% |
Debt/Equity Ratio | 0.5% |
How did CNNE perform over the long term?
See historical performance and comparisonValuation
Is CNNE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CNNE?
Other financial metrics that can be useful for relative valuation.
What is CNNE's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$1.57b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 2.3x |
Enterprise Value/EBITDA | -11.7x |
PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does CNNE's PB Ratio compare to its peers?
CNNE PB Ratio vs Peers |
---|
Company | PB | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 0.8x | ||
CODI Compass Diversified | 1.8x | 34.7% | US$1.5b |
SEMU.F Siem Industries | n/a | n/a | US$259.5m |
JXN Jackson Financial | 0.2x | -17.2% | US$2.3b |
ELRN.F Elron Ventures | 1.3x | n/a | US$127.7m |
CNNE Cannae Holdings | 0.5x | 116.6% | US$1.6b |
Price-To-Book vs Peers: CNNE is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (0.8x).
Price to Earnings Ratio vs Industry
How does CNNE's PE Ratio compare vs other companies in the US Diversified Financial Industry?
Price-To-Book vs Industry: CNNE is good value based on its Price-To-Book Ratio (0.5x) compared to the US Diversified Financial industry average (0.8x)
Price to Book Ratio vs Fair Ratio
What is CNNE's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PB Ratio | 0.5x |
Fair PB Ratio | n/a |
Price-To-Book vs Fair Ratio: Insufficient data to calculate CNNE's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of CNNE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CNNE ($19.65) is trading below our estimate of fair value ($87.51)
Significantly Below Fair Value: CNNE is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CNNE's PEG Ratio to determine if it is good value.
Discover undervalued companies
Future Growth
How is Cannae Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
1/6Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
116.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CNNE is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: CNNE is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: CNNE is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: CNNE's revenue (11.5% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: CNNE's revenue (11.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CNNE's Return on Equity is forecast to be high in 3 years time
Discover growth companies
Past Performance
How has Cannae Holdings performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
37.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CNNE is currently unprofitable.
Growing Profit Margin: CNNE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CNNE is unprofitable, but has reduced losses over the past 5 years at a rate of 37.5% per year.
Accelerating Growth: Unable to compare CNNE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CNNE is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (-3.7%).
Return on Equity
High ROE: CNNE has a negative Return on Equity (-9.93%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Cannae Holdings's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: CNNE's short term assets ($76.3M) do not cover its short term liabilities ($229.7M).
Long Term Liabilities: CNNE's short term assets ($76.3M) do not cover its long term liabilities ($220.3M).
Debt to Equity History and Analysis
Debt Level: CNNE has more cash than its total debt.
Reducing Debt: CNNE's debt to equity ratio has reduced from 24.9% to 0.5% over the past 5 years.
Debt Coverage: CNNE's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if CNNE's interest payments on its debt are well covered by EBIT.
Balance Sheet
Discover healthy companies
Dividend
What is Cannae Holdings's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CNNE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CNNE'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 CNNE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CNNE's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as CNNE has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.7yrs
Average management tenure
CEO
Rick Massey (66 yo)
2.58yrs
Tenure
US$1
Compensation
Mr. Richard Nelson Massey, also known as Rick, is Director at Alight Solutions LLC. He has been Director of Alight, Inc. since July 2021. Mr. Massey served as the Chief Executive Officer of Austerlitz Acqu...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD1.00) is below average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: CNNE's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Members
Experienced Board: CNNE's board of directors are considered experienced (4.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CNNE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Cannae Holdings, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Cannae Holdings, Inc.
- Ticker: CNNE
- Exchange: NYSE
- Founded: 2014
- Industry: Multi-Sector Holdings
- Sector: Diversified Financials
- Implied Market Cap: US$1.575b
- Shares outstanding: 80.14m
- Website: https://www.cannaeholdings.com
Number of Employees
Location
- Cannae Holdings, Inc.
- 1701 Village Center Circle
- Las Vegas
- Nevada
- 89134-6368
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/07/01 00:00 |
End of Day Share Price | 2022/07/01 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.