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CR2 Empreendimentos Imobiliários

OTCPK:CREI.Y
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CREI.Y
OTCPK
R$49M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

CR2 Empreendimentos Imobiliários S.A., together with its subsidiaries, operates as a real estate developer in the Rio de Janeiro and São Paulo, Brazil. The last earnings update was 118 days ago. More info.


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CREI.Y Share Price and Events
7 Day Returns
0%
OTCPK:CREI.Y
-2.2%
US Real Estate
-2.4%
US Market
1 Year Returns
-
OTCPK:CREI.Y
-13.2%
US Real Estate
-2.3%
US Market
CREI.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CR2 Empreendimentos Imobiliários (CREI.Y) 0% 0% 0% - - -
US Real Estate -2.2% 1.7% 9.8% -13.2% 29.9% 7.8%
US Market -2.4% 1.3% 4.7% -2.3% 36.1% 39.9%
1 Year Return vs Industry and Market
  • No trading data on CREI.Y.
  • No trading data on CREI.Y.
Price Volatility
CREI.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for CR2 Empreendimentos Imobiliários's competitors could be found in our database.

CREI.Y Value

 Is CR2 Empreendimentos Imobiliários 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
Here we compare the current share price of CR2 Empreendimentos Imobiliários to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for CR2 Empreendimentos Imobiliários.

OTCPK:CREI.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:CREI.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.241 (1 + (1- 34%) (0.25%))
1.163
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.163 * 5.96%)
9.66%

Discounted Cash Flow Calculation for OTCPK:CREI.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CR2 Empreendimentos Imobiliários is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:CREI.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (BRL, Millions) Source Present Value
Discounted (@ 9.66%)
2019 2.35 Est @ -47.72% 2.15
2020 1.59 Est @ -32.58% 1.32
2021 1.24 Est @ -21.99% 0.94
2022 1.06 Est @ -14.57% 0.73
2023 0.96 Est @ -9.38% 0.60
2024 0.90 Est @ -5.75% 0.52
2025 0.87 Est @ -3.21% 0.46
2026 0.86 Est @ -1.42% 0.41
2027 0.86 Est @ -0.18% 0.37
2028 0.87 Est @ 0.69% 0.34
Present value of next 10 years cash flows R$7.85
OTCPK:CREI.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= R$0.87 × (1 + 2.73%) ÷ (9.66% – 2.73%)
R$12.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= R$12.83 ÷ (1 + 9.66%)10
R$5.10
OTCPK:CREI.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= R$7.85 + R$5.10
R$12.95
Equity Value per Share
(BRL)
= Total value / Shares Outstanding
= R$12.95 / 2.42
R$5.42
OTCPK:CREI.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CREI.Y represents 1.01291x of BOVESPA:CRDE3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01291x
Value per Share
(Listing Adjusted, USD)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 5.35 x 1.01291
$5.42
Value per share (USD) From above. $5.42
Current discount Discount to share price of $20.40
= -1 x ($20.40 - $5.42) / $5.42
-276.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of CR2 Empreendimentos Imobiliários is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 CR2 Empreendimentos Imobiliários's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CR2 Empreendimentos Imobiliários's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CREI.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in BRL R$-3.59
BOVESPA:CRDE3 Share Price ** BOVESPA (2018-12-11) in BRL R$20.14
United States of America Real Estate Industry PE Ratio Median Figure of 29 Publicly-Listed Real Estate Companies 15.16x
United States of America Market PE Ratio Median Figure of 3,048 Publicly-Listed Companies 17.4x

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

** Primary Listing of CR2 Empreendimentos Imobiliários.

OTCPK:CREI.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BOVESPA:CRDE3 Share Price ÷ EPS (both in BRL)

= 20.14 ÷ -3.59

-5.61x

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

  • CR2 Empreendimentos Imobiliários is loss making, we can't compare its value to the US Real Estate industry average.
  • CR2 Empreendimentos Imobiliários is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does CR2 Empreendimentos Imobiliários's expected growth come at a high price?
Raw Data
OTCPK:CREI.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Real Estate Industry PEG Ratio Median Figure of 13 Publicly-Listed Real Estate Companies 0.59x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.46x

*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 CR2 Empreendimentos Imobiliários, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CR2 Empreendimentos Imobiliários's assets?
Raw Data
OTCPK:CREI.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in BRL R$71.32
BOVESPA:CRDE3 Share Price * BOVESPA (2018-12-11) in BRL R$20.14
United States of America Real Estate Industry PB Ratio Median Figure of 57 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,145 Publicly-Listed Companies 1.83x
OTCPK:CREI.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:CRDE3 Share Price ÷ Book Value per Share (both in BRL)

= 20.14 ÷ 71.32

0.28x

* Primary Listing of CR2 Empreendimentos Imobiliários.

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

  • CR2 Empreendimentos Imobiliários is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess CR2 Empreendimentos Imobiliários'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. CR2 Empreendimentos Imobiliários has a total score of 1/6, 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.

CREI.Y Future Performance

 How is CR2 Empreendimentos Imobiliários expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 CR2 Empreendimentos Imobiliários 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
8.5%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CR2 Empreendimentos Imobiliários expected to grow at an attractive rate?
  • Unable to compare CR2 Empreendimentos Imobiliários's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CR2 Empreendimentos Imobiliários's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare CR2 Empreendimentos Imobiliários's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:CREI.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 8.5%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 9.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
OTCPK:CREI.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CREI.Y Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2018-09-30 9 4 -9
2018-06-30 9 4 -8
2018-03-31 11 7 -9
2017-12-31 11 9 -4
2017-09-30 10 9 -49
2017-06-30 10 13 -47
2017-03-31 13 14 -47
2016-12-31 17 13 -47
2016-09-30 22 27 -12
2016-06-30 28 39 -36
2016-03-31 28 53 -37
2015-12-31 29 86 -37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CR2 Empreendimentos Imobiliários is high growth as no earnings estimate data is available.
  • Unable to determine if CR2 Empreendimentos Imobiliários 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
OTCPK:CREI.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CR2 Empreendimentos Imobiliários Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CREI.Y Past Financials Data
Date (Data in BRL Millions) EPS *
2018-09-30 -3.59
2018-06-30 -3.17
2018-03-31 -3.65
2017-12-31 -1.85
2017-09-30 -20.42
2017-06-30 -19.40
2017-03-31 -19.52
2016-12-31 -19.53
2016-09-30 -4.94
2016-06-30 -14.92
2016-03-31 -15.27
2015-12-31 -15.31

*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 CR2 Empreendimentos Imobiliários will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine CR2 Empreendimentos Imobiliários's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. CR2 Empreendimentos Imobiliários's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access CR2 Empreendimentos Imobiliários's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess CR2 Empreendimentos Imobiliários'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.
CR2 Empreendimentos Imobiliários 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.

CREI.Y Past Performance

  How has CR2 Empreendimentos Imobiliários performed over the past 5 years?

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 CR2 Empreendimentos Imobiliários's growth in the last year to its industry (Real Estate).
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.
  • CR2 Empreendimentos Imobiliários does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare CR2 Empreendimentos Imobiliários's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CR2 Empreendimentos Imobiliários's 1-year growth to the US Real Estate industry average as it is not currently profitable.
Earnings and Revenue History
CR2 Empreendimentos Imobiliários'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 CR2 Empreendimentos Imobiliários Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CREI.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 8.69 -8.69 10.91
2018-06-30 9.42 -7.67 10.92
2018-03-31 11.40 -8.83 11.37
2017-12-31 11.49 -4.49 12.47
2017-09-30 9.62 -49.46 13.24
2017-06-30 10.33 -46.98 13.98
2017-03-31 13.38 -47.28 14.66
2016-12-31 17.09 -47.30 15.57
2016-09-30 21.86 -11.97 17.06
2016-06-30 27.89 -36.15 22.03
2016-03-31 28.16 -37.00 23.67
2015-12-31 29.45 -37.08 25.16
2015-09-30 25.25 -43.56 26.29
2015-06-30 26.69 -23.13 25.02
2015-03-31 23.19 -31.58 26.42
2014-12-31 19.71 -35.71 27.25
2014-09-30 22.56 -30.99 33.39
2014-06-30 47.42 -27.71 33.66
2014-03-31 89.32 -35.53 36.79
2013-12-31 109.38 -31.67 37.16
2013-09-30 128.72 -26.90 35.64
2013-06-30 124.16 -32.95 38.76
2013-03-31 147.49 -18.09 40.29
2012-12-31 157.40 -25.64 45.94
2012-09-30 201.10 3.50 47.31
2012-06-30 226.14 17.75 48.47
2012-03-31 188.51 3.88 48.92

*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.
  • It is difficult to establish if CR2 Empreendimentos Imobiliários has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if CR2 Empreendimentos Imobiliários has efficiently used its assets last year compared to the US Real Estate industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if CR2 Empreendimentos Imobiliários improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess CR2 Empreendimentos Imobiliários'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 Real Estate 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.
CR2 Empreendimentos Imobiliários has a total score of 0/6, 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.

CREI.Y Health

 How is CR2 Empreendimentos Imobiliários'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 CR2 Empreendimentos Imobiliários's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CR2 Empreendimentos Imobiliários is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • CR2 Empreendimentos Imobiliários's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CR2 Empreendimentos Imobiliários'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.
  • Debt is covered by short term assets, assets are 665.7x debt.
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 CR2 Empreendimentos Imobiliários Company Filings, last reported 5 months ago.

OTCPK:CREI.Y Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 183.65 0.12 23.76
2018-06-30 186.77 0.13 23.59
2018-03-31 188.45 0.14 23.81
2017-12-31 197.79 0.15 24.20
2017-09-30 196.81 0.37 21.01
2017-06-30 198.84 0.55 20.95
2017-03-31 199.96 0.87 17.89
2016-12-31 203.00 0.90 17.21
2016-09-30 250.90 0.94 24.33
2016-06-30 250.03 1.25 20.64
2016-03-31 251.35 3.15 17.76
2015-12-31 254.08 4.69 19.86
2015-09-30 268.31 6.97 27.78
2015-06-30 289.82 11.95 15.02
2015-03-31 339.77 22.48 30.64
2014-12-31 343.91 52.99 31.50
2014-09-30 358.61 77.62 30.73
2014-06-30 362.07 102.78 28.22
2014-03-31 381.91 142.03 30.15
2013-12-31 391.46 159.26 35.29
2013-09-30 406.83 191.24 41.35
2013-06-30 415.79 219.95 25.50
2013-03-31 412.24 192.12 31.39
2012-12-31 413.62 190.73 20.02
2012-09-30 419.01 216.17 34.22
2012-06-30 424.91 207.17 26.46
2012-03-31 426.73 213.46 37.20
  • CR2 Empreendimentos Imobiliários's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (46.9% vs 0.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making CR2 Empreendimentos Imobiliários has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making CR2 Empreendimentos Imobiliários has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 96.3% per year.
X
Financial health checks
We assess CR2 Empreendimentos Imobiliários'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. CR2 Empreendimentos Imobiliários 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.

CREI.Y Dividends

 What is CR2 Empreendimentos Imobiliários'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
0%
Current annual income from CR2 Empreendimentos Imobiliários dividends.
If you bought $2,000 of CR2 Empreendimentos Imobiliários shares you are expected to receive $0 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?
  • Unable to evaluate CR2 Empreendimentos Imobiliários's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CR2 Empreendimentos Imobiliários's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
OTCPK:CREI.Y 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 Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
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 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:CREI.Y Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2016-03-15 0.000 0.000
2015-11-13 0.000 0.000
2012-03-29 0.001 0.001
2012-03-28 0.001 0.001
2011-03-29 17.800 15.085
2010-11-17 15.600 11.640
2010-11-16 15.600 13.334
2009-03-30 7.470 6.779
2009-03-12 9.748 15.551

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

  • Unable to perform a dividend volatility check as CR2 Empreendimentos Imobiliários has not reported any payouts.
  • Unable to verify if CR2 Empreendimentos Imobiliários's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CR2 Empreendimentos Imobiliários's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CR2 Empreendimentos Imobiliários has not reported any payouts.
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 CR2 Empreendimentos Imobiliários'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 CR2 Empreendimentos Imobiliários afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CR2 Empreendimentos Imobiliários has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CREI.Y Management

 What is the CEO of CR2 Empreendimentos Imobiliários'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
Felipe Shalders
TENURE AS CEO 1.6 years
CEO Bio

Felipe Shalders is employed with CR2 Empreendimentos Imobiliários S.A.

CEO Compensation
  • Insufficient data for Felipe to compare compensation growth.
  • Insufficient data for Felipe to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure of the CR2 Empreendimentos Imobiliários management team in years:

4.8
Average Tenure
  • The tenure for the CR2 Empreendimentos Imobiliários management team is about average.
Management Team

Felipe Shalders

TITLE
CEO, COO & Investor Relations Officer
TENURE
1.6 yrs

Fernando Ferreira

TITLE
VP & CFO
TENURE
4.9 yrs

Khrislla Assunção

TITLE
Chief Legal Officer
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure of the CR2 Empreendimentos Imobiliários board of directors in years:

4.2
Average Tenure
  • The tenure for the CR2 Empreendimentos Imobiliários board of directors is about average.
Board of Directors

Eduardo Valentim de Araújo

TITLE
Chairman of the Board
TENURE
3.8 yrs

Ronaldo Amaral

TITLE
Vice Chairman of the Board
TENURE
1.9 yrs

Carlos Guedes Valente

TITLE
Director
AGE
58
TENURE
13.2 yrs

Fernando Romanelli

TITLE
Director
TENURE
4.2 yrs

Rafael Santiago Salles

TITLE
Director
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess CR2 Empreendimentos Imobiliários's management by checking for:
  1. Is the CEO's compensation unreasonable compared to 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. CR2 Empreendimentos Imobiliários 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.

CREI.Y News

Simply Wall St News

CREI.Y Company Info

Map
Description

CR2 Empreendimentos Imobiliários S.A., together with its subsidiaries, operates as a real estate developer in the Rio de Janeiro and São Paulo, Brazil. It is involved in the acquisition, investment, development, and sale of various property projects. The company was founded in 2006 and is headquartered in Rio de Janeiro, Brazil.

Details
Name: CR2 Empreendimentos Imobiliários S.A.
CREI.Y
Exchange: OTCPK
Founded: 2006
R$12,643,106
2,422,153
Website: http://www.cr2.com.br
Address: CR2 Empreendimentos Imobiliários S.A.
Rua da Alfândega nº 90,
Sala 602,
Rio de Janeiro,
Rio de Janeiro, Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA CRDE3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 23. Apr 2007
OTCPK CREI.Y SPONS ADS NEW Pink Sheets LLC US USD 03. Feb 2009
Number of employees
Current staff
Staff numbers
0
CR2 Empreendimentos Imobiliários employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/11 00:31
End of day share price update: 2018/12/11 00:00
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 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.