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Central Securities

AMEX:CET
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CET
AMEX
$709M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Central Securities Corp. is a publicly owned self managed investment trust. The last earnings update was 198 days ago. More info.


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CET Share Price and Events

Value

 Is Central Securities 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
  • It is not possible to calculate the future cash flow value for Central Securities. This is due to cash flow or dividend data being unavailable. The share price is $28.201.
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 Central Securities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Central Securities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AMEX:CET PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings () in USD $6.73
AMEX:CET Share Price ** AMEX (2018-07-17) in USD $28.2
United States of America Capital Markets Industry PE Ratio Median Figure of 259 Publicly-Listed Capital Markets Companies 16.14x
United States of America Market PE Ratio Median Figure of 7,808 Publicly-Listed Companies 18.38x

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

** Primary Listing of Central Securities.

AMEX:CET PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:CET Share Price ÷ EPS (both in USD)

= 28.2 ÷ 6.73

4.19x

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

  • Central Securities is good value based on earnings compared to the US Capital Markets industry average.
  • Central Securities is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Central Securities's expected growth come at a high price?
Raw Data
AMEX:CET PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-2.5%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 157 Publicly-Listed Capital Markets Companies 1.59x
United States of America Market PEG Ratio Median Figure of 5,905 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Central Securities, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Central Securities's assets?
Raw Data
AMEX:CET PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings () in USD $32.86
AMEX:CET Share Price * AMEX (2018-07-17) in USD $28.2
United States of America Capital Markets Industry PB Ratio Median Figure of 401 Publicly-Listed Capital Markets Companies 2.17x
United States of America Market PB Ratio Median Figure of 13,225 Publicly-Listed Companies 1.73x
AMEX:CET PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:CET Share Price ÷ Book Value per Share (both in USD)

= 28.2 ÷ 32.86

0.86x

* Primary Listing of Central Securities.

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

  • Central Securities is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Central Securities'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. Central Securities 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 Central Securities expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Central Securities, future earnings growth has been estimated based on fundamentals.
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
-2.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Central Securities expected to grow at an attractive rate?
  • Central Securities's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • Central Securities's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare Central Securities's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AMEX:CET Future Growth Rates Data Sources
Data Point Source Value (per year)
AMEX:CET Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -2.5%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 11.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 11.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.2%

*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
AMEX:CET Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AMEX:CET Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2017-12-31 13 18 169
2017-09-30 12 17 166
2017-06-30 11 16 163
2017-03-31 11 20 138
2016-12-31 10 23 113
2016-09-30 10 37 64
2016-06-30 9 51 15
2016-03-31 9 44 -1
2015-12-31 8 36 -17
2015-09-30 8 29 -17
2015-06-30 8 22 -17
2015-03-31 7 26 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Central Securities's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Central Securities is high growth as no revenue estimate data is available.
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
AMEX:CET Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Central Securities Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CET Past Financials Data
Date (Data in USD Millions) EPS *
2017-12-31 6.73
2017-09-30 6.61
2017-06-30 6.57
2017-03-31 5.56
2016-12-31 4.53
2016-09-30 2.55
2016-06-30 0.59
2016-03-31 -0.05
2015-12-31 -0.69
2015-09-30 -0.69
2015-06-30 -0.70
2015-03-31 0.27

*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.
  • Unable to establish if Central Securities will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Central Securities'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.
Central Securities has a total score of 0/6, 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 Central Securities performed over the past 5 years?

  • Central Securities's last earnings update was 198 days ago.
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 Central Securities'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.
  • Central Securities has delivered over 20% year on year earnings growth in the past 5 years.
  • Central Securities's 1-year earnings growth exceeds its 5-year average (50.2% vs 24.1%)
  • Central Securities's earnings growth has exceeded the US Capital Markets industry average in the past year (50.2% vs 17.5%).
Earnings and Revenue History
Central Securities'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 Central Securities Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AMEX:CET Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 12.55 169.21 5.55
2017-09-30 11.96 166.16 5.47
2017-06-30 11.36 163.12 5.39
2017-03-31 10.67 137.88 5.35
2016-12-31 9.99 112.64 5.31
2016-09-30 9.56 63.57 5.03
2016-06-30 9.14 14.50 4.76
2016-03-31 8.51 -1.27 4.55
2015-12-31 7.89 -17.04 4.34
2015-09-30 7.71 -17.08 4.35
2015-06-30 7.54 -17.11 4.35
2015-03-31 7.50 6.51 4.32
2014-12-31 7.45 30.13 4.28
2014-09-30 7.49 80.93 4.38
2014-06-30 7.53 131.73 4.47
2014-03-31 7.28 137.45 4.53
2013-12-31 7.03 143.17 4.60
2013-09-30 10.72 108.69 4.73
2013-06-30 14.40 74.21 4.86
2013-03-31 15.57 43.58 4.64
2012-12-31 16.73 12.94 4.42
2012-09-30 14.79 -25.80 4.42
2012-06-30 12.85 -64.54 4.43
2012-03-31 13.50 -32.89 4.31
2011-12-31 14.14 -1.24 4.20
2011-09-30 14.12 77.16 4.15

*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.
  • Central Securities has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Central Securities used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Central Securities has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Central Securities'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.
Central Securities has a total score of 6/6, 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 Central Securities'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 Central Securities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Central Securities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Central Securities has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Central Securities'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.
  • Central Securities has no debt, it does not need to be covered by short term assets.
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 Central Securities Company Filings, last reported 6 months ago.

AMEX:CET Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 826.33 0.00 2.66
2017-09-30 826.33 0.00 2.66
2017-06-30 741.56 0.00 5.54
2017-03-31 741.56 0.00 5.54
2016-12-31 674.68 0.00 2.50
2016-09-30 674.68 0.00 2.50
2016-06-30 596.11 0.00 7.38
2016-03-31 596.11 0.00 7.38
2015-12-31 582.87 0.00 0.63
2015-09-30 582.87 0.00 0.63
2015-06-30 625.26 0.00 0.25
2015-03-31 625.26 0.00 0.25
2014-12-31 649.76 0.00 14.46
2014-09-30 649.76 0.00 14.46
2014-06-30 680.15 0.00 15.96
2014-03-31 680.15 0.00 15.96
2013-12-31 648.26 0.00 13.48
2013-09-30 648.26 0.00 13.48
2013-06-30 613.62 0.00 43.88
2013-03-31 613.62 0.00 43.88
2012-12-31 569.47 0.00 34.06
2012-09-30 569.47 0.00 34.06
2012-06-30 556.49 0.00 8.83
2012-03-31 556.49 0.00 8.83
2011-12-31 574.19 0.00 7.21
2011-09-30 574.19 0.00 7.21
  • Central Securities has no debt.
  • Central Securities has not taken on any debt in the past 5 years.
  • Central Securities has no debt, it does not need to be covered by operating cash flow.
  • Central Securities has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Central Securities'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. Central Securities has a total score of 6/6, 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 Central Securities'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
3.72%
Current annual income from Central Securities dividends.
If you bought $2,000 of Central Securities shares you are expected to receive $74 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?
  • Central Securities's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Central Securities's dividend is below the markets top 25% of dividend payers in United States of America (3.98%).
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
AMEX:CET 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 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 206 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 5856 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

AMEX:CET Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-05-23 1.050 3.732
2017-11-03 1.000 3.676
2017-05-24 0.980 3.846
2016-11-03 0.980 4.289
2016-05-25 1.980 9.688
2015-11-04 1.980 10.516
2015-05-20 1.750 8.427
2014-11-05 1.750 7.999
2014-05-21 3.700 15.987
2013-11-05 3.700 16.918
2013-05-22 0.740 3.278
2013-02-15 0.740 3.592
2012-11-05 1.080 5.446
2012-05-23 1.000 4.977
2011-11-03 1.000 4.702
2011-05-25 0.900 4.109
2010-11-02 0.900 3.985
2010-06-16 0.750 3.904
2009-11-03 0.650 3.496
2009-05-20 2.220 13.724
2008-11-04 2.320 16.841
2008-07-18 2.400 10.739

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Central Securities's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by net profit (6.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Central Securities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Central Securities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Central Securities 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 Central Securities'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
Wilmot Kidd, image provided by Google.
Wilmot Kidd
COMPENSATION $939,750
AGE 77
CEO Bio

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 Director since 1972. Mr. Kidd served as President at Central Securities Corp. since 1973 and served as its President of Investment & Research. He has been a Director at Silvercrest Asset Management Group Inc. since 2011. He serves as a Director at The Plymouth Rock Company Incorporated. Mr. Kidd has extensive experience in the financial services industry, including the financial aspects of the investment company environment and extensive financial expertise through his various roles in publicly traded investment companies. He holds an M.B.A. degree from Northwestern University and a B.S. degree from Washington & Lee University.

CEO Compensation
  • Wilmot's compensation has been consistent with company performance over the past year.
  • Wilmot's compensation appears reasonable for a company of this size and profit level.
Management Team Tenure

Average tenure and age of the Central Securities management team in years:

8
Average Tenure
54
Average Age
  • The average tenure for the Central Securities management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Hill

TITLE
President
COMPENSATION
$994K
AGE
44
TENURE
0.3 yrs

Andrew O'Neill

TITLE
Vice President
COMPENSATION
$944K
AGE
45
TENURE
7.5 yrs

Wilmot Kidd

TITLE
Chairman & CEO
COMPENSATION
$940K
AGE
77

Marlene Krumholz

TITLE
VP & Secretary
COMPENSATION
$434K
AGE
54
TENURE
17.5 yrs

Larry Vogel

TITLE
VP & Treasurer
COMPENSATION
$434K
AGE
61
TENURE
8.5 yrs
Board of Directors Tenure

Average tenure and age of the Central Securities board of directors in years:

13.1
Average Tenure
77
Average Age
  • The average tenure for the Central Securities board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Wilmot Kidd

TITLE
Chairman & CEO
COMPENSATION
$940K
AGE
77
TENURE
8.5 yrs

Leo Blackford

TITLE
Lead Independent Director
COMPENSATION
$56K
AGE
66

Don Calder

TITLE
Independent Director
COMPENSATION
$51K
AGE
80
TENURE
36.5 yrs

Jay Inglis

TITLE
Independent Director
COMPENSATION
$51K
AGE
83
TENURE
45.5 yrs

Simms Browning

TITLE
Independent Director
COMPENSATION
$51K
AGE
77
TENURE
13.1 yrs

C. Walker

TITLE
Independent Director
COMPENSATION
$47K
AGE
83
TENURE
44.5 yrs

David Colander

TITLE
Independent Director
COMPENSATION
$51K
AGE
70
TENURE
9.1 yrs

Wilmot Kidd

TITLE
Director
COMPENSATION
$974K
AGE
39
TENURE
1 yrs
Recent Insider Trading
  • More shares have been bought than sold by Central Securities insiders in the past 3 months.
Who owns this company?
X
Management checks
We assess Central Securities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap and profit (greater than 0.5% of the company's profit + 0.03% of 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. Central Securities 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

Is Central Securities Corp (NYSEMKT:CET) A Smart Choice For Dividend Investors?

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … In the past 10 years Central Securities Corp (NYSEMKT:CET) has returned an average of 7.00% per year to investors in the form of dividend payouts. … Let's dig deeper into whether Central Securities should have a place in your portfolio.

Simply Wall St -

Should You Buy Central Securities Corp (NYSEMKT:CET) Based On These Aspects?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … In the case of Central Securities Corp (NYSEMKT:CET), it

Simply Wall St -

Read This Before Buying Central Securities Corp (NYSEMKT:CET) For Its Upcoming $0.25 Dividend

See our latest analysis for Central Securities 5 checks you should do on a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … Central Securities has a trailing twelve-month payout ratio of 14.86%, which means that the dividend is covered by earnings. … In terms of its peers, Central Securities has a yield of 3.77%, which is high for Capital Markets stocks but still below the market's top dividend payers.

Simply Wall St -

Is Central Securities Corp's (NYSEMKT:CET) CEO Paid Enough Relative To Peers?

CET can create value to shareholders by increasing its profitability, which in turn is reflected into the share price and the investor's ability to sell their shares at higher capital gains. … Although I couldn't find information on the breakdown of Kidd's pay, if some portion were non-cash items such as stocks and options, then fluxes in CET's share price can impact the true level of what the CEO actually collects at the end of the year. … Taking into account CET's size and performance, in terms of market cap and earnings, it appears that Kidd is being paid well below the average US small-cap CEO.

Simply Wall St -

Why Buying Central Securities Corp (NYSEMKT:CET) For Its 3.60% Dividend Could Be A Mistake

Central Securities Corp (AMEX:CET) has returned to shareholders over the past 10 years, an average dividend yield of 7.00% annually. … See our latest analysis for Central Securities 5 questions I ask before picking a dividend stock Whenever I am looking at a potential dividend stock investment, I always check these five metrics: Is it the top 25% annual dividend yield payer? … AMEX:CET Historical Dividend Yield May 12th 18 How well does Central Securities fit our criteria?

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Who Are The Major Shareholders Of Central Securities Corp (NYSEMKT:CET)?

Check out our latest analysis for Central Securities AMEX:CET Ownership_summary Apr 12th 18 Institutional Ownership CET's 47.56% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … Although this doesn't necessarily lead to high short-term volatility, we should dig deeper into CET's ownership structure to find how the remaining owner types can affect its investment profile. … Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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Should You Buy Central Securities Corp (NYSEMKT:CET) At This PE Ratio?

It compares a stock’s price per share to the stock’s earnings per share. … Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for CET Price per share = $26.59 Earnings per share = $6.73 ∴ Price-Earnings Ratio = $26.59 ÷ $6.73 = 4x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … Ideally, we want to compare the stock’s P/E ratio to the average of companies that have similar characteristics as CET, such as size and country of operation.

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Does Central Securities Corp's (NYSEMKT:CET) 50.22% Earnings Growth Make It An Outperformer?

Assessing Central Securities Corp's (AMEX:CET) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Central Securities is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its capital markets industry peers. … Since these figures may be fairly nearsighted, I’ve determined an annualized five-year value for CET's net income, which stands at US$63.66M This means that, on average, Central Securities has been able to consistently improve its bottom line over the last couple of years as well.

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Is Central Securities Corp (NYSEMKT:CET) On The Right Side Of Disruption?

Central Securities Corp (AMEX:CET), a US$675.36M small-cap, operates in the capital markets industry, which now face the choice of either being disintermediated or proactively disrupting their own business models to thrive in the future. … View our latest analysis for Central Securities What’s the catalyst for Central Securities's sector growth? … On the stock-level, Central Securities is trading at a lower PE ratio of 4.09x, making it cheaper than the average capital markets stock.

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How Should You Think About Central Securities Corp's (NYSEMKT:CET) Risks?

CET's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … Thus, we can expect CET to be more stable in the face of market movements, relative to its peers of similar size but with a higher portion of fixed assets on their books.

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Company Info

Map
Description

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.

Details
Name: Central Securities Corp.
CET
Exchange: AMEX
Founded: 1929
$708,631,638
25,146,616
Website: http://www.centralsecurities.com
Address: Central Securities Corp.
630 Fifth Avenue,
Suite 820,
New York,
New York, 10111,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX CET Common Stock NYSE MKT LLC US USD 02. Jan 1973
Number of employees
Current staff
Staff numbers
0
Central Securities employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/07/17 21:32
End of day share price update: 2018/07/17 00:00
Last earnings update: 2017/12/31
Last annual earnings update: 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.