AMEX:CCF

Stock Analysis Report

Executive Summary

Chase Corporation manufactures and sells protective materials for various applications worldwide.

Snowflake

Fundamentals

Flawless balance sheet with questionable track record.


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


Market Performance


7 Day Return

6.6%

CCF

-0.9%

US Chemicals

0.07%

US Market


1 Year Return

5.4%

CCF

-3.9%

US Chemicals

8.9%

US Market

Return vs Industry: CCF exceeded the US Chemicals industry which returned -3.9% over the past year.

Return vs Market: CCF underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

CCFIndustryMarket
7 Day6.6%-0.9%0.07%
30 Day2.0%-2.4%-0.3%
90 Day11.0%-4.0%-1.6%
1 Year6.2%5.4%10.3%-3.9%11.3%8.9%
3 Year66.6%62.6%39.6%13.0%46.3%36.8%
5 Year230.4%212.2%43.1%11.1%62.1%44.3%

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?

31.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CCF ($112.16) is trading above our estimate of fair value ($74.8)

Significantly Below Fair Value: CCF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CCF is poor value based on its PE Ratio (31.2x) compared to the Chemicals industry average (19.6x).

PE vs Market: CCF is poor value based on its PE Ratio (31.2x) compared to the US market (17.8x).


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 (4x) compared to the US Chemicals industry average (2x).


Next Steps

Future Growth

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

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCF's forecast earnings growth (10.4% per year) is above the savings rate (2.7%).

Earnings vs Market: CCF's earnings (10.4% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: CCF's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if CCF's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CCF's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CCF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Chase performed over the past 5 years?

12.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CCF's earnings have grown by 12% 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 (-22%) over the past year, making it difficult to compare to the Chemicals industry average (-2.9%).


Return on Equity

High ROE: CCF's Return on Equity (12.8%) is considered low.


Return on Assets

ROA vs Industry: CCF has a higher Return on Assets than the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: CCF's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Chase's financial position?


Financial Position Analysis

Short Term Liabilities: CCF's short term assets ($123.7M) exceeds its short term liabilities ($22.8M)

Long Term Liabilities: CCF's short term assets (123.7M) exceeds its long term liabilities (13.4M)


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 45.3%.

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: Insufficient data to determine if CCF's debt is covered by short term assets.


Next Steps

Dividend

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

0.71%

Current Dividend Yield


Dividend Yield vs Market

company0.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CCF's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: CCF's dividend (0.71%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: CCF is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CCF is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CCF is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Chase's salary, the management and board of directors tenure and is there insider trading?

4.7yrs

Average management tenure


CEO

Adam Chase (47yo)

4.7yrs

Tenure

US$1,618,722

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 ($USD1.62M) is about average for companies of similar size in the US market ($USD2.67M).

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


Management Age and Tenure

4.7yrs

Average Tenure

63yo

Average Age

Experienced Management: CCF's management team is considered experienced (4.7 years average tenure).


Board Age and Tenure

9.8yrs

Average Tenure

69yo

Average Age

Experienced Board: CCF's board of directors are considered experienced (9.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$200,37123 May 19
Peter Chase
EntityIndividual
Role
Chairman of the Board
Executive Chairman
Shares2,000
Max PriceUS$100.53
SellUS$59,19616 Apr 19
Lewis Gack
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares650
Max PriceUS$91.07
SellUS$9,98906 Feb 19
Lewis Gack
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100
Max PriceUS$99.89
SellUS$110,85029 Nov 18
Kenneth Feroldi
EntityIndividual
Role
Treasurer
Treasurer and Senior Advisor on Investor Relations
Shares1,000
Max PriceUS$110.85

Ownership Breakdown


Management Team

  • Peter Chase (71yo)

    Executive Chairman

    • Tenure: 12.7yrs
    • Compensation: US$634.83k
  • George Hughes (80yo)

    Corporate Secretary

    • Tenure: 0yrs
    • Compensation: US$71.58k
  • Ken Feroldi (63yo)

    Treasurer and Senior Advisor on Investor Relations

    • Tenure: 5.1yrs
    • Compensation: US$639.44k
  • Adam Chase (47yo)

    CEO, President & Director

    • Tenure: 4.7yrs
    • Compensation: US$1.62m
  • Christian Talma (45yo)

    Chief Financial Officer

    • Tenure: 0.7yrs
  • Paula Eckel

    Vice President of Human Resources

    • Tenure: 0yrs

Board Members

  • Peter Chase (71yo)

    Executive Chairman

    • Tenure: 12.7yrs
    • Compensation: US$634.83k
  • Tom Wroe (69yo)

    Director

    • Tenure: 11.5yrs
    • Compensation: US$87.34k
  • Jack Derby (74yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$75.00k
  • Lewis Gack (75yo)

    Independent Director

    • Tenure: 17.8yrs
    • Compensation: US$93.28k
  • Mary Chase (64yo)

    Director

    • Tenure: 14.4yrs
    • Compensation: US$69.58k
  • Adam Chase (47yo)

    CEO, President & Director

    • Tenure: 4.7yrs
    • Compensation: US$1.62m
  • Tom DeByle (59yo)

    Director

    • Tenure: 0.7yrs
  • Chad McDaniel (45yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$80.94k
  • Dana Mohler-Faria (72yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$85.89k

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$1.056b
  • Shares outstanding: 9.41m
  • 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 manufactures and sells protective materials for various applications worldwide. It operates through two segments, Industrial Materials and Construction Materials. The Industrial Materials ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 23:34
End of Day Share Price2019/10/23 00:00
Earnings2019/05/31
Annual Earnings2018/08/31


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.