Cass Information Systems
Market Cap
US$649.2m
Last Updated
2021/03/06 23:10 UTC
Data Sources
Company Financials
Executive Summary
Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. More Details
Rewards
Risk Analysis
No risks detected for CASS from our risk checks.
Snowflake Analysis
Excellent balance sheet average dividend payer.
Share Price & News
How has Cass Information Systems's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CASS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CASS's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
4.7%
CASS
-2.4%
US IT
-0.4%
US Market
1 Year Return
5.0%
CASS
37.3%
US IT
36.2%
US Market
Return vs Industry: CASS underperformed the US IT industry which returned 37.3% over the past year.
Return vs Market: CASS underperformed the US Market which returned 36.2% over the past year.
Shareholder returns
| CASS | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.7% | -2.4% | -0.4% |
| 30 Day | 5.7% | -3.1% | -2.3% |
| 90 Day | 4.2% | 0.8% | 5.0% |
| 1 Year | 7.7%5.0% | 38.7%37.3% | 39.1%36.2% |
| 3 Year | -7.1%-12.9% | 85.8%78.9% | 48.4%39.0% |
| 5 Year | 31.1%19.4% | 205.7%184.0% | 116.6%92.4% |
Long-Term Price Volatility Vs. Market
How volatile is Cass Information Systems's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Are Cass Information Systems, Inc.'s (NASDAQ:CASS) Mixed Financials Driving The Negative Sentiment?1 month ago | Simply Wall St
Cass Information Systems' (NASDAQ:CASS) Stock Price Has Reduced 24% In The Past Year1 month ago | Simply Wall St
Is Cass Information Systems, Inc.'s (NASDAQ:CASS) Shareholder Ownership Skewed Towards Insiders?Valuation
Is Cass Information Systems undervalued compared to its fair value and its price relative to the market?
14.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CASS ($45.1) is trading below our estimate of fair value ($52.94)
Significantly Below Fair Value: CASS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CASS is good value based on its PE Ratio (25.7x) compared to the US IT industry average (33.8x).
PE vs Market: CASS is poor value based on its PE Ratio (25.7x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CASS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CASS is good value based on its PB Ratio (2.5x) compared to the US IT industry average (4.9x).
Next Steps
Future Growth
How is Cass Information Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.5%
Forecasted Software 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 Cass Information Systems 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
- Examine whether Cass Information Systems is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Software industry.
Past Performance
How has Cass Information Systems performed over the past 5 years?
4.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CASS has high quality earnings.
Growing Profit Margin: CASS's current net profit margins (17%) are lower than last year (18.7%).
Past Earnings Growth Analysis
Earnings Trend: CASS's earnings have grown by 4.3% per year over the past 5 years.
Accelerating Growth: CASS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CASS had negative earnings growth (-17.2%) over the past year, making it difficult to compare to the IT industry average (8%).
Return on Equity
High ROE: CASS's Return on Equity (9.6%) is considered low.
Next Steps
Financial Health
How is Cass Information Systems's financial position?
Financial Position Analysis
Short Term Liabilities: CASS's short term assets ($1.7B) do not cover its short term liabilities ($1.9B).
Long Term Liabilities: CASS's short term assets ($1.7B) exceed its long term liabilities ($91.6M).
Debt to Equity History and Analysis
Debt Level: CASS is debt free.
Reducing Debt: CASS had no debt 5 years ago.
Debt Coverage: CASS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CASS has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Cass Information Systems's current dividend yield, its reliability and sustainability?
2.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CASS's dividend (2.39%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: CASS's dividend (2.39%) is low compared to the top 25% of dividend payers in the US market (3.64%).
Stability and Growth of Payments
Stable Dividend: CASS's dividends per share have been stable in the past 10 years.
Growing Dividend: CASS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.6%), CASS's dividend payments are 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?
3.1yrs
Average management tenure
CEO
Eric Brunngraber (63 yo)
12.67yrs
Tenure
US$3,378,477
Compensation
Mr. Eric H. Brunngraber has been the Chief Executive Officer and President of Cass Information Systems Inc., since May 2006 and July 20, 2008 respectively. Mr. Brunngraber is a co-owner at Ann Marie and Er...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD3.38M) is above average for companies of similar size in the US market ($USD2.21M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.67yrs | US$3.38m | 0.74% $ 4.8m | |
| Executive VP & Chief Information Officer | 3.08yrs | US$552.25k | 0.047% $ 306.5k | |
| Executive Vice President | no data | US$989.53k | 0.35% $ 2.3m | |
| President of Transportation Information Services | 6.08yrs | US$799.35k | 0.14% $ 916.2k | |
| President of Expense Management Services | 10.17yrs | US$974.88k | 0.24% $ 1.5m | |
| President of Cass Commercial Bank | no data | US$583.12k | 0.043% $ 277.1k | |
| Executive VP & CFO | no data | no data | no data | |
| Chief Operating Officer | 0.33yr | no data | 0.044% $ 283.3k | |
| General Counsel & Corporate Secretary | 0.58yr | no data | 0.0069% $ 45.1k | |
| Vice President of Sales and Marketing | 0.67yr | no data | no data |
3.1yrs
Average Tenure
62yo
Average Age
Experienced Management: CASS's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 12.67yrs | US$3.38m | 0.74% $ 4.8m | |
| Independent Director | 15.92yrs | US$107.05k | 0.11% $ 736.5k | |
| Independent Lead Director | 1.92yrs | US$129.98k | 0.053% $ 347.2k | |
| Independent Director | 15.17yrs | US$126.03k | 0.13% $ 811.9k | |
| Independent Director | 13.92yrs | US$124.28k | 0.13% $ 873.5k | |
| Independent Director | 15.17yrs | US$127.29k | 0.12% $ 783.5k | |
| Independent Director | 11.92yrs | US$118.28k | 0.12% $ 783.3k | |
| Vice Chairman of Cass Commercial Bank | no data | US$739.54k | no data | |
| Independent Director | 5.42yrs | US$140.25k | 0.075% $ 488.2k | |
| Independent Director | 1.92yrs | US$102.36k | 0.015% $ 96.5k |
11.9yrs
Average Tenure
66yo
Average Age
Experienced Board: CASS's board of directors are seasoned and experienced ( 11.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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
Cass Information Systems, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cass Information Systems, Inc.
- Ticker: CASS
- Exchange: NasdaqGS
- Founded: 1906
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: US$649.182m
- Shares outstanding: 14.39m
- Website: https://www.cassinfo.com
Number of Employees
Location
- Cass Information Systems, Inc.
- 12444 Powerscourt Drive
- Suite 550
- St. Louis
- Missouri
- 63131
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CASS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 1992 |
| CC3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1992 |
Biography
Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Informatio...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 23:10 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.