Loading...

Cnova

OTCPK:CNVA.F
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNVA.F
OTCPK
€1B
Market Cap
  1. Home
  2. US
  3. Retail
Company description

Cnova N.V. operates as an e-commerce company in France and internationally. The last earnings update was 26 days ago. More info.


Add to Portfolio Compare Print
CNVA.F Share Price and Events
7 Day Returns
-4.5%
OTCPK:CNVA.F
1.1%
US Online Retail
-0.1%
US Market
1 Year Returns
-
OTCPK:CNVA.F
12.4%
US Online Retail
7.6%
US Market
CNVA.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cnova (CNVA.F) -4.5% 0.8% -6.6% - 26.4% -
US Online Retail 1.1% 5.6% 16.4% 12.4% 136% 275.9%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • No trading data on CNVA.F.
  • No trading data on CNVA.F.
Price Volatility
CNVA.F
Industry
5yr Volatility vs Market

Value

 Is Cnova 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 Cnova 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

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

OTCPK:CNVA.F 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 12.4%
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:CNVA.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.7 (1 + (1- 25%) (18.94%))
1.631
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.63
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.631 * 5.96%)
12.45%

Discounted Cash Flow Calculation for OTCPK:CNVA.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cnova 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:CNVA.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.45%)
2019 85.54 Est @ 71.62% 76.07
2020 129.13 Est @ 50.95% 102.12
2021 176.24 Est @ 36.48% 123.95
2022 222.69 Est @ 26.36% 139.28
2023 265.60 Est @ 19.27% 147.73
2024 303.60 Est @ 14.31% 150.17
2025 336.50 Est @ 10.83% 148.01
2026 364.77 Est @ 8.4% 142.69
2027 389.22 Est @ 6.7% 135.39
2028 410.66 Est @ 5.51% 127.04
Present value of next 10 years cash flows €1,292.44
OTCPK:CNVA.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €410.66 × (1 + 2.73%) ÷ (12.45% – 2.73%)
€4,340.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €4,340.83 ÷ (1 + 12.45%)10
€1,342.84
OTCPK:CNVA.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,292.44 + €1,342.84
€2,635.29
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,635.29 / 345.21
€7.63
OTCPK:CNVA.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CNVA.F represents 1.05801x of ENXTPA:CNV
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.05801x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 7.63 x 1.05801
$8.08
Value per share (USD) From above. $8.08
Current discount Discount to share price of $3.83
= -1 x ($3.83 - $8.08) / $8.08
52.6%

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

Current Discount
Amount off the current price Cnova is available for.
Intrinsic value
>50%
Share price is $3.83 vs Future cash flow value of $8.08
Current Discount Checks
For Cnova to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cnova's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cnova's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Cnova's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cnova's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CNVA.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.10
ENXTPA:CNV Share Price ** ENXTPA (2019-04-23) in EUR €3.62
United States of America Online Retail Industry PE Ratio Median Figure of 27 Publicly-Listed Online Retail Companies 29.27x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

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

** Primary Listing of Cnova.

OTCPK:CNVA.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:CNV Share Price ÷ EPS (both in EUR)

= 3.62 ÷ -0.10

-35.46x

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

  • Cnova is loss making, we can't compare its value to the US Online Retail industry average.
  • Cnova 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 Cnova's expected growth come at a high price?
Raw Data
OTCPK:CNVA.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -35.46x
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 Online Retail Industry PEG Ratio Median Figure of 21 Publicly-Listed Online Retail Companies 1.69x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*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 Cnova, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cnova's assets?
Raw Data
OTCPK:CNVA.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €-0.51
ENXTPA:CNV Share Price * ENXTPA (2019-04-23) in EUR €3.62
United States of America Online Retail Industry PB Ratio Median Figure of 59 Publicly-Listed Online Retail Companies 3.33x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
OTCPK:CNVA.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:CNV Share Price ÷ Book Value per Share (both in EUR)

= 3.62 ÷ -0.51

-7.11x

* Primary Listing of Cnova.

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

  • Cnova has negative assets, we can't compare the value of its assets to the US Online Retail industry average.
X
Value checks
We assess Cnova'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 Online Retail 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 Online Retail industry average (and greater than 0)? (1 check)
  5. Cnova has a total score of 2/6, 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 Cnova 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 Cnova 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
24.9%
Expected Online Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cnova expected to grow at an attractive rate?
  • Unable to compare Cnova's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Cnova's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Cnova's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:CNVA.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 24.9%
United States of America Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 16%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:CNVA.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CNVA.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:CNVA.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,174 119 -35
2018-09-30 2,166 93 -71
2018-06-30 2,245 67 -96
2018-03-31 2,184 -97 -94
2017-12-31 2,035 -261 -102
2017-09-30 2,570 -238
2017-06-30 1,843 -428 -78
2017-03-31 1,537 -242 -22
2016-12-31 1,856 -564 -59
2016-09-30 -40 114
2016-06-30 874 -93 -52
2016-03-31 3,269 -103 -269

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Cnova is high growth as no earnings estimate data is available.
  • Unable to determine if Cnova 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:CNVA.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Cnova Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CNVA.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:CNVA.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.10
2018-09-30 -0.21
2018-06-30 -0.28
2018-03-31 -0.27
2017-12-31 -0.30
2017-09-30 -0.67
2017-06-30 -0.21
2017-03-31 -0.05
2016-12-31 -0.14
2016-09-30 0.26
2016-06-30 -0.12
2016-03-31 -0.61

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

Next steps:

  1. Take a look at our analysis of CNVA.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Cnova'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 Retail 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 Cnova'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 Cnova'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.
Cnova 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 Cnova 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 Cnova's growth in the last year to its industry (Online Retail).
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.
  • Cnova does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Cnova's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cnova's 1-year growth to the US Online Retail industry average as it is not currently profitable.
Earnings and Revenue History
Cnova'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 Cnova Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CNVA.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,174.28 -35.24 268.30 76.15
2018-09-30 2,166.32 -70.94 264.07 74.65
2018-06-30 2,245.44 -96.33 263.45 73.15
2018-03-31 2,183.73 -94.16 252.66 71.47
2017-12-31 2,034.95 -102.29 238.25 69.78
2017-09-30 2,570.26 -238.17 333.35 88.84
2017-06-30 1,843.32 -77.91 208.36 63.06
2017-03-31 1,536.79 -21.57 156.28 47.07
2016-12-31 1,855.72 -59.09 202.30 55.82
2016-09-30 -39.53 114.00 -60.93 -6.69
2016-06-30 874.01 -51.69 92.91 24.36
2016-03-31 3,269.00 -268.90 424.00 95.90
2015-12-31 1,737.18 -72.90 204.67 47.63
2015-09-30 3,548.13 -140.77 428.56 98.68
2015-06-30 3,604.03 -122.37 424.46 96.18
2015-03-31 3,589.43 -78.85 401.85 92.15
2014-12-31 1,576.63 -23.92 164.69 51.31
2014-09-30 3,288.24 -39.99 346.78 81.97
2014-06-30 3,136.32 -30.01 329.36 79.91
2014-03-31 3,028.38 -24.85 331.77 77.34
2013-12-31 2,897.05 -27.67 326.41 79.20
2012-12-31 1,991.44 -6.12 218.20 53.06

*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 Cnova has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Cnova has efficiently used its assets last year compared to the US Online Retail industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Cnova improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess Cnova'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 Online Retail 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.
Cnova 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.

Health

 How is Cnova'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 Cnova's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cnova's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cnova's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cnova'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.
  • High level of physical assets or inventory.
  • Cnova has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 Cnova Company Filings, last reported 3 months ago.

OTCPK:CNVA.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -175.73 236.73 35.52
2018-09-30 -175.73 236.73 35.52
2018-06-30 -198.07 321.15 52.31
2018-03-31 -198.07 321.15 52.31
2017-12-31 -143.55 237.93 43.76
2017-09-30 -143.55 237.93 43.76
2017-06-30 -68.31 231.30 16.89
2017-03-31 -68.31 231.30 16.89
2016-12-31 -21.25 93.62 15.26
2016-09-30 -56.21 313.90 181.95
2016-06-30 2.16 467.15 174.66
2016-03-31 112.90 467.80 207.80
2015-12-31 98.07 146.97 400.79
2015-09-30 274.70 380.30 291.50
2015-06-30 458.56 376.07 412.33
2015-03-31 496.58 274.05 344.81
2014-12-31 521.54 104.60 573.32
2014-09-30 465.49 107.93 46.78
2014-06-30 480.22 179.30 66.36
2014-03-31 473.16 163.32 263.55
2013-12-31 469.44 163.32 263.55
2012-12-31 583.99 78.01 176.60
  • Cnova has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Cnova's debt level has increased considering it has negative shareholder equity.
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 Cnova has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Cnova has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -27.5% per year.
X
Financial health checks
We assess Cnova'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. Cnova has a total score of 3/6, 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 Cnova'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 Cnova dividends.
If you bought $2,000 of Cnova 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 Cnova's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cnova'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:CNVA.F 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
Global Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:CNVA.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts

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

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

Management

 What is the CEO of Cnova'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
Emmanuel Grenier
COMPENSATION €0
AGE 47
TENURE AS CEO 3.3 years
CEO Bio

Mr. Emmanuel Grenier has been the Chief Executive Officer of Cnova N.V. since January 21, 2016 and served as its Co-Chief Executive Officer from June 4, 2014 to January 2016. Mr. Grenier served as the Managing Director of Cdiscount at Casino, Guichard-Perrachon Société Anonyme. Mr. Grenier serves as an Executive Director of Cnova N.V. since January 21, 2016.

CEO Compensation
  • Emmanuel's compensation has been consistent with company performance over the past year.
  • Emmanuel's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Cnova management team in years:

3.1
Average Tenure
42.5
Average Age
  • The tenure for the Cnova management team is about average.
Management Team

Emmanuel Grenier

TITLE
CEO & Executive Director
AGE
47
TENURE
3.3 yrs

Gautier Bailly

TITLE
Group Chief Financial Officer
AGE
38
TENURE
0.4 yrs

Emmanuel Wetzel

TITLE
In Charge of Investor Relations

Pascal Rivet

TITLE
Chief Compliance Officer
AGE
57
TENURE
3.1 yrs

Steven Geers

TITLE
General Counsel
AGE
36
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Cnova board of directors in years:

3.8
Average Tenure
54
Average Age
  • The tenure for the Cnova board of directors is about average.
Board of Directors

Jean-Yves Haagen

TITLE
Chairman
COMPENSATION
€959
AGE
54
TENURE
0.4 yrs

Emmanuel Grenier

TITLE
CEO & Executive Director
AGE
47
TENURE
3.3 yrs

Ronaldo dos Santos Pereira

TITLE
Vice-Chairman
COMPENSATION
€21K
AGE
63

Bernard Roger Oppetit

TITLE
Independent Non Executive Director
COMPENSATION
€83K
AGE
62
TENURE
4.4 yrs

Silvio Genesini Junior

TITLE
Independent Non Executive Director
COMPENSATION
€90K
AGE
66
TENURE
4.3 yrs

Arnaud Daniel Charles Walter Strasser

TITLE
Non Executive Director
COMPENSATION
€20K
AGE
52
TENURE
4.9 yrs

Eleazar de Carvalho Filho

TITLE
Non Executive Director
COMPENSATION
€52K
AGE
61
TENURE
4.5 yrs

Christophe Hidalgo

TITLE
Non-Executive Director
COMPENSATION
€10K
AGE
51
TENURE
2.3 yrs

Franck-Philippe Georgin

TITLE
Non-Executive Director
AGE
37
TENURE
0.4 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 Cnova'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. Cnova 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

Simply Wall St News

Company Info

Description

Cnova N.V. operates as an e-commerce company in France and internationally. The company offers home appliances, consumer electronics, computers, home furnishings, and leisure and personal goods through its cdiscount.com Website, as well as through 49 Cdiscount showrooms. It also operates Cdiscount Voyages, a travel platform for flights, holiday rentals, and equipment; Cdiscount Billetterie, a ticketing platform; 1001Pneus, a tire e-retailer; and Stootie, a peer-to-peer platform for personal services. The company was founded in 1998 and is headquartered in Amsterdam, the Netherlands. Cnova N.V. is a subsidiary of Casino, Guichard-Perrachon S.A.

Details
Name: Cnova N.V.
CNVA.F
Exchange: OTCPK
Founded: 1998
€1,400,338,010
345,210,398
Website: http://www.cnova.com
Address: Cnova N.V.
Strawinskylaan 3051,
Amsterdam,
Noord-Holland, 1077 ZX,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA CNV Ordinary Shares Euronext Paris FR EUR 20. Nov 2014
OTCPK CNVA.F Ordinary Shares Pink Sheets LLC US USD 20. Nov 2014
LSE 0RAB Ordinary Shares London Stock Exchange GB EUR 20. Nov 2014
Number of employees
Current staff
Staff numbers
0
Cnova employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:46
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2017/02/23
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.