Stock Analysis Report

Executive Summary

Central Securities Corp. is a publicly owned self managed investment trust.


Snowflake Analysis

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.

Market Performance

7 Day Return




US Capital Markets


US Market

1 Year Return




US Capital Markets


US Market

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.

Shareholder returns

7 Day20.9%19.7%12.5%
30 Day-9.1%-16.9%-14.7%
90 Day-18.2%-23.7%-21.5%
1 Year-2.4%-6.1%-11.5%-13.2%-10.9%-12.7%
3 Year29.1%13.4%6.8%0.7%12.6%5.4%
5 Year63.3%24.1%32.7%20.3%31.9%17.5%

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


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).

Future Growth

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.

Past Performance

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.

Financial Health

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

Balance Sheet

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)

no data




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.

Leadership Team

Wilmot Kidd
Chairman & CEOno dataUS$42.00k9.48% $66.4m
John Hill
President2yrsUS$273.95k0.16% $1.1m
Andrew O'Neill
Vice President9.17yrsUS$73.98k0.23% $1.6m
Marlene Krumholz
VP, Chief Compliance Office & Secretary16.17yrsUS$433.94k0.050% $351.5k
Lawrence Vogel
VP & Treasurer10.17yrsUS$433.94k0.037% $260.4k


Average Tenure


Average Age

Experienced Management: CET's management team is seasoned and experienced (9.7 years average tenure).

Board Members

Wilmot Kidd
Chairman & CEOno dataUS$42.00k9.48% $66.4m
Donald Calder
Independent Director38.17yrsUS$14.38k0.32% $2.3m
Jay Inglis
Independent Director47.17yrsUS$14.38k0.055% $383.4k
Leo Blackford
Lead Independent Directorno dataUS$14.38k0.12% $856.3k
Simms Browning
Independent Director14.75yrsUS$14.38k0.073% $514.5k
C. Walker
Director Emeritus2yrsno data0.10% $702.1k
David Poppe
Independent Director0.17yrno data0.023% $162.5k
David Colander
Independent Director10.75yrsUS$14.38k0.095% $668.5k
Wilmot Kidd
Director2.67yrsUS$14.38k0.87% $6.1m


Average Tenure


Average Age

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Central Securities Corp.'s company bio, employee growth, exchange listings and data sources

Key Information

  • 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:


  • Central Securities Corp.
  • 630 Fifth Avenue
  • Suite 820
  • New York
  • New York
  • 10111
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 01:46
End of Day Share Price2020/03/27 00:00
Annual Earnings2019/12/31

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.