AMEX:CCF

Stock Analysis Report

Executive Summary

Chase Corporation, a specialty chemicals company, manufactures and sells protective materials for various applications worldwide.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Chase's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.8%

CCF

1.6%

US Chemicals

1.5%

US Market


1 Year Return

-0.4%

CCF

-3.7%

US Chemicals

20.1%

US Market

Return vs Industry: CCF exceeded the US Chemicals industry which returned -3.7% over the past year.

Return vs Market: CCF underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

CCFIndustryMarket
7 Day-0.8%1.6%1.5%
30 Day-7.0%-1.2%1.4%
90 Day-19.2%0.2%8.7%
1 Year0.3%-0.4%10.1%-3.7%22.7%20.1%
3 Year6.5%4.2%29.9%5.2%50.1%40.5%
5 Year135.2%124.5%38.3%8.3%73.1%54.1%

Price Volatility Vs. Market

How volatile is Chase's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Chase undervalued compared to its fair value and its price relative to the market?

21.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCF ($96.2) is trading below our estimate of fair value ($122.52)

Significantly Below Fair Value: CCF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CCF is poor value based on its PE Ratio (29x) compared to the Chemicals industry average (22.2x).

PE vs Market: CCF is poor value based on its PE Ratio (29x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CCF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CCF is overvalued based on its PB Ratio (3.3x) compared to the US Chemicals industry average (2.2x).


Next Steps

Future Growth

How is Chase forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.3%

Forecasted Materials 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 Chase 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.


Next Steps

Past Performance

How has Chase performed over the past 5 years?

8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCF has high quality earnings.

Growing Profit Margin: CCF's current net profit margins (11.2%) are lower than last year (14.7%).


Past Earnings Growth Analysis

Earnings Trend: CCF's earnings have grown by 8.4% per year over the past 5 years.

Accelerating Growth: CCF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CCF had negative earnings growth (-28.3%) over the past year, making it difficult to compare to the Chemicals industry average (-14.6%).


Return on Equity

High ROE: CCF's Return on Equity (11.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Chase's financial position?


Financial Position Analysis

Short Term Liabilities: CCF's short term assets ($146.4M) exceed its short term liabilities ($31.6M).

Long Term Liabilities: CCF's short term assets ($146.4M) exceed its long term liabilities ($21.0M).


Debt to Equity History and Analysis

Debt Level: CCF is debt free.

Reducing Debt: CCF has no debt compared to 5 years ago when its debt to equity ratio was 41.8%.

Debt Coverage: CCF has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CCF has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: CCF has a high level of physical assets or inventory.

Debt Coverage by Assets: CCF's debt is not covered by short term assets (assets are -8.240630303167E+16x debt).


Next Steps

Dividend

What is Chase's current dividend yield, its reliability and sustainability?

0.83%

Current Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: CCF's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: CCF's dividend (0.83%) is low compared to the top 25% of dividend payers in the US market (3.69%).


Stability and Growth of Payments

Stable Dividend: CCF's dividends per share have been stable in the past 10 years.

Growing Dividend: CCF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.1%), CCF's dividend payments are well 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Adam Chase (47yo)

5yrs

Tenure

US$1,854,086

Compensation

Mr. Adam P. Chase has been the Chief Executive Officer and President of Chase Corporation since February 3, 2015 and January 30, 2008 respectively. Mr. Chase served as the Chief Operating Officer of Chase  ...


CEO Compensation Analysis

Compensation vs Market: Adam's total compensation ($USD1.85M) is about average for companies of similar size in the US market ($USD2.47M).

Compensation vs Earnings: Adam's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Chase
Executive Chairman13yrsUS$634.61k9.95% $90.2m
Adam Chase
CEO, President & Director5yrsUS$1.85m3.48% $31.6m
Christian Talma
Chief Financial Officer1yrsUS$487.73k0.013% $116.2k
Kenneth Feroldi
Treasurer and Senior Advisor on Investor Relations5.4yrsUS$415.35k0.12% $1.0m
Paula Eckel
Vice President of Human Resources0yrsno datano data
George Hughes
Corporate Secretary0yrsUS$71.58kno data

5.0yrs

Average Tenure

63yo

Average Age

Experienced Management: CCF's management team is seasoned and experienced (5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Chase
Executive Chairman13yrsUS$634.61k9.95% $90.2m
Adam Chase
CEO, President & Director5yrsUS$1.85m3.48% $31.6m
Thomas Wroe
Independent Director11.8yrsUS$119.58k0.063% $568.2k
John Derby
Independent Director5yrsUS$105.83k0.034% $305.3k
Lewis Gack
Independent Director18.1yrsUS$123.96k0.050% $453.9k
Mary Chase
Director14.8yrsUS$100.83k0.076% $688.7k
Thomas DeByle
Independent Director1yrsUS$94.74k0.015% $136.8k
Chad McDaniel
Independent Director4yrsUS$116.30k0.028% $253.4k
Dana Mohler-Faria
Independent Director4yrsUS$117.24k0.029% $258.8k

10.1yrs

Average Tenure

69yo

Average Age

Experienced Board: CCF's board of directors are seasoned and experienced ( 10.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CCF insiders have only sold shares 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

Chase Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Chase Corporation
  • Ticker: CCF
  • Exchange: AMEX
  • Founded: 1946
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: US$906.584m
  • Shares outstanding: 9.42m
  • Website: https://www.chasecorp.com

Number of Employees


Location

  • Chase Corporation
  • 295 University Avenue
  • Westwood
  • Massachusetts
  • 2090
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCFAMEX (NYSE MKT LLC)YesCommon StockUSUSDJul 1974
CJCBST (Boerse-Stuttgart)YesCommon StockDEEURJul 1974
0A0ULSE (London Stock Exchange)YesCommon StockGBEURJul 1974

Biography

Chase Corporation, a specialty chemicals company, manufactures and sells protective materials for various applications worldwide. It operates through three segments: Adhesives, Sealants and Additives; Industrial Tapes; and Corrosion Protection and Waterproofing. The Adhesives, Sealants and Additives segment offers protective conformal and moisture protective electronic coatings; advanced adhesives, sealants, and coatings; polymeric microspheres; polyurethane dispersions; and superabsorbent polymers. The Industrial Tapes segment provides specialty tapes and related products; insulating and conducting materials; laminated durable papers; water-blocking compounds; laminated film foils and cover tapes; and pulling and detection tapes. The Corrosion Protection and Waterproofing segment offers protective pipe-coating tapes and other protectants; polymer additives; waterproofing membranes; waterproofing sealants, expansion joints, and accessories; technological products, and tapes and membranes; specialized high-performance coating and lining systems; waterproofing and corrosion protection systems; and bitumen pipeline protection tapes and products. The company sells its products through its salespeople, as well as manufacturers' representatives and distributors. Chase Corporation was founded in 1946 and is headquartered in Westwood, Massachusetts. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/16 23:33
End of Day Share Price2020/02/14 00:00
Earnings2019/11/30
Annual Earnings2019/08/31


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.