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Cision

NYSE:CISN
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CISN
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Software
Company description

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The last earnings update was 74 days ago. More info.


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CISN Share Price and Events
7 Day Returns
-7.4%
NYSE:CISN
-1.4%
US Software
-1.2%
US Market
1 Year Returns
-37.4%
NYSE:CISN
22.7%
US Software
3.3%
US Market
CISN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cision (CISN) -7.4% -13.6% -16% -37.4% - -
US Software -1.4% 1.2% 6.5% 22.7% 117.7% 160%
US Market -1.2% 0.8% 0.9% 3.3% 35.9% 41.7%
1 Year Return vs Industry and Market
  • CISN underperformed the Software industry which returned 22.7% over the past year.
  • CISN underperformed the Market in United States of America which returned 3.3% over the past year.
Price Volatility
CISN
Industry
5yr Volatility vs Market

Value

 Is Cision 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 Cision 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 Cision.

NYSE:CISN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) 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 NYSE:CISN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (91.17%))
1.619
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.62
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.619 * 5.96%)
12.38%

Discounted Cash Flow Calculation for NYSE:CISN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cision 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.

NYSE:CISN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 12.38%)
2020 139.59 Analyst x4 124.21
2021 185.50 Analyst x1 146.88
2022 222.03 Est @ 19.69% 156.44
2023 254.46 Est @ 14.6% 159.54
2024 282.56 Est @ 11.04% 157.65
2025 306.71 Est @ 8.55% 152.27
2026 327.58 Est @ 6.8% 144.72
2027 345.86 Est @ 5.58% 135.96
2028 362.20 Est @ 4.73% 126.70
2029 377.15 Est @ 4.13% 117.40
Present value of next 10 years cash flows $1,421.79
NYSE:CISN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $377.15 × (1 + 2.73%) ÷ (12.38% – 2.73%)
$4,015.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,015.47 ÷ (1 + 12.38%)10
$1,249.95
NYSE:CISN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,421.79 + $1,249.95
$2,671.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,671.73 / 148.35
$18.01
NYSE:CISN Discount to Share Price
Calculation Result
Value per share (USD) From above. $18.01
Current discount Discount to share price of $10.10
= -1 x ($10.10 - $18.01) / $18.01
43.9%

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

Current Discount
Amount off the current price Cision is available for.
Intrinsic value
44%
Share price is $10.1 vs Future cash flow value of $18.01
Current Discount Checks
For Cision to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cision's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cision'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 Cision's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cision's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CISN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.09
NYSE:CISN Share Price ** NYSE (2019-07-22) in USD $10.1
United States of America Software Industry PE Ratio Median Figure of 81 Publicly-Listed Software Companies 52.07x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.86x

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

** Primary Listing of Cision.

NYSE:CISN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CISN Share Price ÷ EPS (both in USD)

= 10.1 ÷ -0.09

-110.03x

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

  • Cision is loss making, we can't compare its value to the US Software industry average.
  • Cision 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 Cision's expected growth come at a high price?
Raw Data
NYSE:CISN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -110.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
51.2%per year
United States of America Software Industry PEG Ratio Median Figure of 68 Publicly-Listed Software Companies 3.03x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*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 Cision, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Cision's assets?
Raw Data
NYSE:CISN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.31
NYSE:CISN Share Price * NYSE (2019-07-22) in USD $10.1
United States of America Software Industry PB Ratio Median Figure of 224 Publicly-Listed Software Companies 5.87x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.79x
NYSE:CISN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CISN Share Price ÷ Book Value per Share (both in USD)

= 10.1 ÷ 3.31

3.05x

* Primary Listing of Cision.

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

  • Cision is good value based on assets compared to the US Software industry average.
X
Value checks
We assess Cision'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Cision has a total score of 3/6, 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 Cision expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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
51.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cision expected to grow at an attractive rate?
  • Cision's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Cision's earnings growth is expected to exceed the United States of America market average.
  • Cision's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CISN Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CISN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 51.2%
NYSE:CISN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 8.7%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:CISN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CISN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,144 191 1
2022-12-31 1,028 144 1
2021-12-31 894 230 91 3
2020-12-31 831 168 40 10
2019-12-31 777 145 16 10
NYSE:CISN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 737 120 -12
2018-12-31 730 127 -24
2018-09-30 713 120 -47
2018-06-30 695 114 -88
2018-03-31 665 92 -100
2017-12-31 632 69 -123
2017-09-30 611 53 -112
2017-06-30 602 54 -105
2017-03-31 536 16 -107
2016-12-31 468 17 -98

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cision's earnings are expected to grow significantly at over 20% yearly.
  • Cision's revenue is expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).
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
NYSE:CISN 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 10 Analyst Estimates (S&P Global) See Below

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

NYSE:CISN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.28 1.28 1.28 1.00
2022-12-31 0.97 0.97 0.97 1.00
2021-12-31 0.61 0.68 0.54 2.00
2020-12-31 0.27 0.41 0.07 6.00
2019-12-31 0.10 0.13 0.08 5.00
NYSE:CISN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.09
2018-12-31 -0.19
2018-09-30 -0.38
2018-06-30 -0.71
2018-03-31 -1.01
2017-12-31 -1.63
2017-09-30 -2.15
2017-06-30 -3.65
2017-03-31 -3.78
2016-12-31 -3.47

*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 Cision will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cision'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.
Cision has a total score of 4/6, 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 Cision 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 Cision's growth in the last year to its industry (Software).
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.
  • Cision does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Cision's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Cision's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
Cision'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 Cision Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CISN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 736.88 -12.32 242.13 31.84
2018-12-31 730.37 -24.39 237.76 30.00
2018-09-30 712.96 -47.45 242.47 27.71
2018-06-30 695.46 -87.81 259.45 26.07
2018-03-31 665.11 -100.49 255.92 23.35
2017-12-31 631.64 -123.04 239.27 22.10
2017-09-30 611.14 -112.31 237.82 21.78
2017-06-30 602.19 -105.44 231.26 23.17
2017-03-31 535.89 -107.25 210.59 21.36
2016-12-31 467.77 -98.41 181.43 19.45
2015-12-31 333.96 -90.54 132.04 16.60
2014-12-31 185.58 -115.78 132.36 6.17

*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 Cision has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Cision used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • It is difficult to establish if Cision 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 Cision'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 Software 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.
Cision 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 Cision'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 Cision's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cision's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Cision's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Cision'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 not covered by short term assets, assets are 0.2x 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 Cision Company Filings, last reported 3 months ago.

NYSE:CISN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 491.40 1,285.17 82.91
2018-12-31 288.32 1,218.97 104.77
2018-09-30 305.45 1,219.56 84.19
2018-06-30 312.47 1,231.85 82.97
2018-03-31 343.46 1,287.18 107.85
2017-12-31 316.37 1,279.47 148.65
2017-09-30 346.84 1,201.02 76.73
2017-06-30 378.86 1,426.57 337.66
2017-03-31 -375.90 1,432.18 41.33
2016-12-31 -359.75 1,394.88 35.14
2015-12-31 -206.68 687.82 30.61
2014-12-31
  • Cision's level of debt (261.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Cision's debt level has increased without past 5-year debt data.
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 Cision has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Cision has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -90.6% per year.
X
Financial health checks
We assess Cision'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. Cision has a total score of 2/6, 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 Cision'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 Cision dividends. Estimated to be 0% next year.
If you bought $2,000 of Cision 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 Cision's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cision'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
NYSE:CISN 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 10 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 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 3.8%

Industry and Market average data is calculated daily.

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

NYSE:CISN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 2.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as Cision has not reported any payouts.
  • Unable to verify if Cision's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cision's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cision has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Cision's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Cision'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 Cision afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cision 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 Cision'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
Kevin Akeroyd
COMPENSATION $3,476,875
AGE 50
TENURE AS CEO 2.9 years
CEO Bio

Mr. Kevin D. Akeroyd has been the Chief Executive Officer at Canyon UK Investments Ltd since August 1, 2016. Mr. Akeroyd serves as Vice President of Business Development and Marketing of Terabitz, Inc. He has been the Chief Executive Officer of Cision AB since August 2016. He has been Chief Executive Officer at Cision Ltd. since August 09, 2016 and was its President since August 2016. Mr. Akeroyd has been Global Chief Executive Officer of Gorkana Group Limited SINCE February 2019. He served as Chief Executive Officer of Gorkana Group Limited from August 10, 2016 to January 12, 2017. He is a seasoned sales and business development professional with years of proven experience in growing revenues. Mr. Akeroyd served as General Manager and Senior Vice President of Oracle Marketing Cloud at Oracle Corporation since September 2013 until August 15, 2016, where he orchestrated and executed the industry's most prolific acquisition strategy, including Marketing Automation, Omni-Channel Campaign Management, Web Personalization, Content Marketing, DMP, Mobile Marketing, Data and X-Device Orchestration. Mr. Akeroyd has more than 25 years of experience in reshaping modern digital, social and mobile marketing globally. He is a highly seasoned industry veteran with a successful 15-year track record with start-ups and major Fortune 500 companies. Prior to Oracle, Mr. Akeroyd held senior leadership positions at Salesforce.com (Jigsaw/Data.com) from September 2007 to August 2011, RR Donnelley and Jigsaw, exemplifying his immense knowledge of the cloud and marketing industries, strong leadership and ability to deliver exceptional results. Mr. Akeroyd served as Senior Vice President of Field Operations at Badgeville, Inc. since August 2011 until September 2013. He served as the Chief Operating Officer of Jigsaw and Data.com Connect. He served as the Chief Operating Officer of Digital Jigsaw Ltd. He served as Vice President of Market Leader, Inc. Mr. Akeroyd served as the Chief Executive Officer of The Loan Page Inc., since April 25, 2005. He served as the President of Targeted Direct Marketing Division at Quad/Graphics Canada Inc. since May 10, 2007. Prior to RM with Quad/Graphics Canada Inc. (also known as Quad/Graphics, Inc. and Quebecor World Inc.) since May 10, 2007. He served as the Chief Executive Officer of GalleryPlayer Inc. He served as the Vice President of Business Development & Global Sales at Data.com Connect since September 2007. Mr. Akeroyd and Oracle created and led the Enterprise Marketing Platform category. Mr. Akeroyd served as Senior Vice President and General Manager of Western Region of Digital Impact Inc., since March 2003. He served as Senior Vice President of Global Sales and Channel of Digital Impact Inc. from October 2002 to March 2003, Vice President of North America Sales from January 2002 to October 2002 and Vice President of Western Region Sales from October 2001 to January 2002. At Digital Impact, he was responsible for developing customer acquisition, lead generation and loyalty programs for some of the nation's top lending institutions, insurance, credit card, banking and brokerage companies. Mr. Akeroyd served as the Vice President of Sales and Marketing at Angara E-Commerce Services from July 2000 to September 2001 and held several executive-level sales and marketing positions for Silicon Valley software start-ups. He served as General Manager of Western Region Operations and Senior Vice President of Acxiom Digital, Inc., since March 2003. From June 1999 to July 2000, Mr. Akeroyd served as Vice President of Field Operations of NewlineNoosh, Inc. (Formerly Noosh Inc.) and as its Vice President of Sales since August 1999. From July 1990 to August 1999, he held several positions with RR Donnelley & Sons, North America's largest printer and a major direct mail and database marketing provider, including National Sales Vice President for the Premedia group. He serves as a Director at Cision Ltd. He is a Director of Canyon UK Investments Ltd since August 1, 2016. Mr. Akeroyd is a graduate of the University of Washington, Michael G. Foster School of Business, Seattle, where he holds a BA in Business Administration in the business school and is an alumnus of Executive Program for Strategy and Organization (EPSO) from the Stanford Graduate School of Business (GSB).

CEO Compensation
  • Kevin's compensation has increased whilst company is loss making.
  • Kevin's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

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

2.2
Average Tenure
50
Average Age
  • The tenure for the Cision management team is about average.
Management Team

Kevin Akeroyd

TITLE
CEO & Director
COMPENSATION
$3M
AGE
50
TENURE
2.9 yrs

Jack Pearlstein

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
55
TENURE
5.1 yrs

Rainer Mathes

TITLE
President of Cision Insights
COMPENSATION
$2M
AGE
64
TENURE
1.5 yrs

Erik Huddleston

TITLE
President
AGE
43
TENURE
0.3 yrs

Gregg Spratto

TITLE
Chief Operating Officer
AGE
46
TENURE
0.9 yrs

Steve Solomon

TITLE
Chief Accounting Officer & Secretary
AGE
55
TENURE
5.1 yrs

Bob Coppola

TITLE
Chief Information Officer
AGE
49
TENURE
3 yrs

Jenn Davis

TITLE
Vice President of Communications & Content

Susan Steele

TITLE
Chief Human Resources Officer
TENURE
0.3 yrs

Robert Bacon

TITLE
Executive Vice President
Board of Directors Tenure

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

2.1
Average Tenure
50.5
Average Age
  • The average tenure for the Cision board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mark Anderson

TITLE
Chairman of the Board
COMPENSATION
$182K
AGE
44

Kevin Akeroyd

TITLE
CEO & Director
COMPENSATION
$3M
AGE
50

Mark Ein

TITLE
Vice Chairman of the Board
COMPENSATION
$170K
AGE
54
TENURE
2.1 yrs

Phil Canfield

TITLE
Independent Director
COMPENSATION
$175K
AGE
51

Stuart Yarbrough

TITLE
Independent Director
COMPENSATION
$210K
AGE
68

L. Dryden

TITLE
Independent Director
COMPENSATION
$162K
AGE
43
TENURE
2.1 yrs

Stephen Master

TITLE
Independent Director
COMPENSATION
$167K
AGE
35

Susan Vobejda

TITLE
Director
COMPENSATION
$100K
AGE
53
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Cision individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. May 19 Sell Rainer Mathes Individual 24. May 19 28. May 19 -35,639 $10.88 $-387,396
30. Nov 18 Sell Christopher Lynch Individual 29. Nov 18 29. Nov 18 -259 $12.30 $-3,186
21. Sep 18 Sell L. Dryden Individual 19. Sep 18 19. Sep 18 -35,911 $15.44 $-554,466
21. Sep 18 Sell GTCR, LLC Company 19. Sep 18 19. Sep 18 -1,656,749 $15.44 $-25,580,205
21. Sep 18 Sell Mark Ein Individual 19. Sep 18 19. Sep 18 -107,340 $15.44 $-1,657,330
17. Sep 18 Sell Mark Ein Individual 17. Sep 18 17. Sep 18 -715,599 $15.44 $-11,048,849
17. Sep 18 Sell L. Dryden Individual 17. Sep 18 17. Sep 18 -239,410 $15.44 $-3,696,490
17. Sep 18 Sell GTCR, LLC Company 17. Sep 18 17. Sep 18 -11,044,991 $15.44 $-170,534,661
X
Management checks
We assess Cision'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. Cision 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

Have Insiders Been Selling Cision Ltd. (NYSE:CISN) Shares This Year?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Cision The Last 12 Months Of Insider Transactions At Cision In the last twelve months, the biggest single sale by an insider was when the Vice Chairman of the Board, Mark Ein, sold US$11m worth of shares at a price of US$15.44 per share. … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. … Cision Insiders Are Selling The Stock The last quarter saw substantial insider selling of Cision shares.

Simply Wall St -

What Type Of Shareholder Owns Cision Ltd.'s (NYSE:CISN)?

Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. … See our latest analysis for Cision NYSE:CISN Ownership Summary, May 17th 2019 What Does The Institutional Ownership Tell Us About Cision? … NYSE:CISN Income Statement, May 17th 2019 Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions.

Simply Wall St -

Can You Imagine How Cision's (NYSE:CISN) Shareholders Feel About The 11% Share Price Increase?

When a company doesn't make profits, we'd generally expect to see good revenue growth. … That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit. … If the company can maintain the revenue growth, the share price could go higher still.

Simply Wall St -

Is Cision Ltd. (NYSE:CISN) Worth US$11.91 Based On Intrinsic Value?

by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Should You Be Worried About Insider Transactions At Cision Ltd. (NYSE:CISN)?

So we'll take a look at whether insiders have been buying or selling shares in Cision Ltd. … In total, Cision insiders sold more than they bought over the last year. … It's not particularly great to see insiders were selling shares around current prices

Simply Wall St -

Calculating The Fair Value Of Cision Ltd (NYSE:CISN)

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

A Look At The Intrinsic Value Of Cision Ltd (NYSE:CISN)

Does the share price for Cision Ltd (NYSE:CISN) reflect it's really worth? … Today, I will calculate the stock's intrinsic value. … by taking the expected future cash flows and discounting them to today's value.

Simply Wall St -

Interested In Cision Ltd (NYSE:CISN)? Here's How It Performed Recently

After reading Cision Ltd's (NYSE:CISN) most recent earnings announcement (31 March 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Check out our latest analysis for Cision How CISN fared against its long-term earnings performance and its industry For the purpose of this commentary, I like to use data from the most recent 12 months, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Looking at growth from a sector-level, the US internet industry has been growing its average earnings by double-digit 27.19% over the past year, and 18.02% over the past five years.

Simply Wall St -

Is Cision Ltd's (NYSE:CISN) Balance Sheet A Threat To Its Future?

Additionally, CISN has produced US$68.85M in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 5.38%, meaning that CISN’s current level of operating cash is not high enough to cover debt. … Running high debt, while not yet making money, can be risky in unexpected downturns as liquidity may dry up, making it hard to operate.Next Steps: CISN’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise. … Though, the company will be able to pay all of its upcoming liabilities from its current short-term assets.

Simply Wall St -

Cision Ltd (NYSE:CISN): All You Need Is Growth?

Two major red flags for CISN are its debt level exceeds equity on its balance sheet, and its cash from its core activities is only enough to cover a mere 5.38% of this large debt amount. … One reason I do like CISN as a business is its low level of fixed assets on its balance sheet (2.77% of total assets). … CISN has virtually no fixed assets, which minimizes its downside risk.

Simply Wall St -

Company Info

Description

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs. It offers Cision Communications Cloud, a cloud-based platform that enables companies and brands to build relationships with influencers and buyers in order to amplify their marketplace influence; and provides media database that offers access to influencers when planning a campaign, as well as to schedule and record various interactions with contacts. The company also provides PR Newswire that offers wire distribution services, as well as a suite of products and services for investor relations professionals, including distribution of earnings and other material news, Webcasts and conference calls, IR Website hosting, and virtual investor conferences. In addition, it offers media monitoring software that tracks and monitors content on digital, print, social, and broadcast sources. Further, the company enables its customers to assess media coverage by collecting and analyzing data and metrics on audience engagement, campaign reach and effectiveness, sentiment, and competitive benchmarking to quantify campaign results of earned media strategies, as well as provides data-driven insights that inform the creation of future campaigns and marketing investment. Cision Ltd. was founded in 2014 and is headquartered in Chicago, Illinois.

Details
Name: Cision Ltd.
CISN
Exchange: NYSE
Founded: 2014
$1,498,347,392
148,351,227
Website: http://www.cision.com
Address: Cision Ltd.
130 East Randolph Street,
7th Floor,
Chicago,
Illinois, 60601,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CISN Ordinary Shares New York Stock Exchange US USD 30. Jun 2017
DB C0X Ordinary Shares Deutsche Boerse AG DE EUR 30. Jun 2017
Number of employees
Current staff
Staff numbers
4,500
Cision employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/23 01:09
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
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.