Central Securities Corp. is a publicly owned self managed investment trust.
Share Price & News
How has Central Securities's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CET's share price has been volatile over the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: CET exceeded the US Capital Markets industry which returned -11.3% over the past year.
Return vs Market: CET exceeded the US Market which returned -11.9% over the past year.
Price Volatility Vs. Market
How volatile is Central Securities's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StIs Central Securities Corp (NYSEMKT:CET) A Smart Choice For Dividend Investors?
1 year ago | Simply Wall StShould You Buy Central Securities Corp (NYSEMKT:CET) Based On These Aspects?
1 year ago | Simply Wall StRead This Before Buying Central Securities Corp (NYSEMKT:CET) For Its Upcoming $0.25 Dividend
Is Central Securities undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CET ($27.08) is trading below our estimate of fair value ($79.56)
Significantly Below Fair Value: CET is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CET is good value based on its PE Ratio (2.8x) compared to the Capital Markets industry average (33.2x).
PE vs Market: CET is good value based on its PE Ratio (2.8x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CET's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CET is good value based on its PB Ratio (0.7x) compared to the US Capital Markets industry average (7.1x).
How is Central Securities forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Central Securities 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.
How has Central Securities performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CET has a high level of non-cash earnings.
Growing Profit Margin: CET became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CET's earnings have grown significantly by 36.6% per year over the past 5 years.
Accelerating Growth: CET has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CET has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.1%).
Return on Equity
High ROE: CET's Return on Equity (25.2%) is considered high.
How is Central Securities's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CET has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CET's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: CET's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CET has a sufficient allowance for bad loans.
Low Risk Liabilities: CET reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CET has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CET has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CET has an appropriate level of bad loans.
What is Central Securities's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CET's dividend (4.99%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: CET's dividend (4.99%) is low compared to the top 25% of dividend payers in the US market (5.49%).
Stability and Growth of Payments
Stable Dividend: CET's dividend payments have been volatile in the past 10 years.
Growing Dividend: CET's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (13.9%), CET's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wilmot Kidd (78yo)
Mr. Wilmot Higgens Kidd III, serves as Chief Executive Officer and Chairman at Central Securities Corporation. Mr. Kidd has been the Chairman at Central Securities Corp. since 2010 and has been its Directo ...
CEO Compensation Analysis
Compensation vs Market: Wilmot's total compensation ($USD42.00K) is below average for companies of similar size in the US market ($USD3.18M).
Compensation vs Earnings: Wilmot's compensation has been consistent with company performance over the past year.
|Chairman & CEO||no data||US$42.00k||9.48% $66.4m|
|Vice President||9.17yrs||US$73.98k||0.23% $1.6m|
|VP, Chief Compliance Office & Secretary||16.17yrs||US$433.94k||0.050% $351.5k|
|VP & Treasurer||10.17yrs||US$433.94k||0.037% $260.4k|
Experienced Management: CET's management team is seasoned and experienced (9.7 years average tenure).
|Chairman & CEO||no data||US$42.00k||9.48% $66.4m|
|Independent Director||38.17yrs||US$14.38k||0.32% $2.3m|
|Independent Director||47.17yrs||US$14.38k||0.055% $383.4k|
|Lead Independent Director||no data||US$14.38k||0.12% $856.3k|
|Independent Director||14.75yrs||US$14.38k||0.073% $514.5k|
|Director Emeritus||2yrs||no data||0.10% $702.1k|
|Independent Director||0.17yr||no data||0.023% $162.5k|
|Independent Director||10.75yrs||US$14.38k||0.095% $668.5k|
Experienced Board: CET's board of directors are seasoned and experienced ( 10.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CET insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Central Securities Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Central Securities Corp.
- Ticker: CET
- Exchange: AMEX
- Founded: 1929
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$701.081m
- Shares outstanding: 25.89m
- Website: https://www.centralsecurities.com
- Central Securities Corp.
- 630 Fifth Avenue
- Suite 820
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CET||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||Jan 1973|
Central Securities Corp. is a publicly owned self managed investment trust. The firm invests in the public equity markets of the United States. Central Securities Corp. was founded on October 1, 1929 and is based in New York City.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 01:46|
|End of Day Share Price||2020/03/27 00:00|
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.