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180 Degree Capital

DB:A2DN5F
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A2DN5F
DB
$42M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

180 Degree Capital Corp. is a principal investment firm. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • 180 Degree Capital is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • 180 Degree Capital has significant price volatility in the past 3 months.
A2DN5F Share Price and Events
7 Day Returns
1%
DB:A2DN5F
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-
DB:A2DN5F
-11.8%
DE Capital Markets
-20.4%
DE Market
A2DN5F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
180 Degree Capital (A2DN5F) 1% -33% -37.9% - 2.7% -58.2%
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • No trading data on A2DN5F.
  • No trading data on A2DN5F.
Price Volatility
A2DN5F
Industry
5yr Volatility vs Market
Related Companies

Value

 Is 180 Degree Capital 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 180 Degree Capital 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 180 Degree Capital.

DB:A2DN5F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $2.64 * 4.7%
$0.12
Book Value of Equity per Share Median Book Value from the past 5 years. $2.64
Discount Rate (Cost of Equity) See below 4.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:A2DN5F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 21%) (0%))
0.83
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.83 * 5.44%)
4.13%

Discounted Cash Flow Calculation for DB:A2DN5F using Excess Returns Model Model

The calculations below outline how an intrinsic value for 180 Degree Capital is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:A2DN5F Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.7% – 4.13%) * $2.64)
$0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.02 / (4.13% - -0.39%)
$0.36
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $2.64 + $0.36
$2.99
DB:A2DN5F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:A2DN5F represents 0.92643x of NasdaqGM:TURN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92643x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 2.99 x 0.92643
€2.77
Value per share (EUR) From above. €2.77
Current discount Discount to share price of €1.18
= -1 x (€1.18 - €2.77) / €2.77
57.4%

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

Current Discount
Amount off the current price 180 Degree Capital is available for.
Intrinsic value
>50%
Share price is €1.18 vs Future cash flow value of €2.77
Current Discount Checks
For 180 Degree Capital to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 180 Degree Capital's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • 180 Degree Capital'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 180 Degree Capital's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 180 Degree Capital's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A2DN5F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.42
NasdaqGM:TURN Share Price ** NasdaqGM (2020-04-02) in USD $1.28
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of 180 Degree Capital.

DB:A2DN5F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:TURN Share Price ÷ EPS (both in USD)

= 1.28 ÷ 0.42

3.01x

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

  • 180 Degree Capital is good value based on earnings compared to the DE Capital Markets industry average.
  • 180 Degree Capital is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does 180 Degree Capital's expected growth come at a high price?
Raw Data
DB:A2DN5F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 180 Degree Capital, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 180 Degree Capital's assets?
Raw Data
DB:A2DN5F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $3.06
NasdaqGM:TURN Share Price * NasdaqGM (2020-04-02) in USD $1.28
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:A2DN5F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:TURN Share Price ÷ Book Value per Share (both in USD)

= 1.28 ÷ 3.06

0.42x

* Primary Listing of 180 Degree Capital.

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

  • 180 Degree Capital is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess 180 Degree Capital'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. 180 Degree Capital has a total score of 5/6, 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 180 Degree Capital 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 180 Degree Capital 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
40%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 180 Degree Capital expected to grow at an attractive rate?
  • Unable to compare 180 Degree Capital's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare 180 Degree Capital's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare 180 Degree Capital's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:A2DN5F Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 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
DB:A2DN5F 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A2DN5F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1 4 13
2019-09-30 1 -1 5
2019-06-30 0 -6 -3
2019-03-31 0 -1 -1
2018-12-31 1 4 1
2018-09-30 1 6 8
2018-06-30 1 7 14
2018-03-31 1 -2 12
2017-12-31 1 -12 9
2017-09-30 1 -4 4
2017-06-30 2 -2 -5
2017-03-31 2 1 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if 180 Degree Capital is high growth as no earnings estimate data is available.
  • Unable to determine if 180 Degree Capital 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
DB:A2DN5F 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 180 Degree Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A2DN5F Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.42
2019-09-30 0.17
2019-06-30 -0.09
2019-03-31 -0.03
2018-12-31 0.03
2018-09-30 0.25
2018-06-30 0.46
2018-03-31 0.38
2017-12-31 0.30
2017-09-30 0.13
2017-06-30 -0.15
2017-03-31 -0.26

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

Next steps:

  1. Examine whether 180 Degree Capital is trading at 180 Degree Capital'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. 180 Degree Capital'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 Diversified Financials companies here
  3. 180 Degree Capital's competitive advantages and company strategy can generally be found in its financial reports archived 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 180 Degree Capital'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
180 Degree Capital 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 180 Degree Capital 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 180 Degree Capital's growth in the last year to its industry (Capital Markets).
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.
  • 180 Degree Capital has delivered over 20% year on year earnings growth in the past 5 years.
  • 180 Degree Capital's 1-year earnings growth exceeds its 5-year average (1228.8% vs 57.1%)
  • 180 Degree Capital's earnings growth has exceeded the DE Capital Markets industry average in the past year (1228.8% vs 5.7%).
Earnings and Revenue History
180 Degree Capital'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 180 Degree Capital Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A2DN5F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 0.79 13.18 5.69
2019-09-30 0.50 5.17 4.18
2019-06-30 0.21 -2.84 2.66
2019-03-31 0.45 -0.93 2.85
2018-12-31 0.69 0.99 3.03
2018-09-30 0.93 7.72 4.01
2018-06-30 1.16 14.45 4.99
2018-03-31 1.20 11.94 4.48
2017-12-31 1.23 9.42 3.96
2017-09-30 1.42 3.89 4.21
2017-06-30 1.72 -4.55 4.01
2017-03-31 1.83 -8.03 4.70
2016-12-31 1.79 -16.37 5.33
2016-09-30 1.57 -11.15 5.66
2016-06-30 1.25 -22.03 6.06
2016-03-31 1.08 -22.37 6.42
2015-12-31 0.92 -20.25 7.20
2015-09-30 0.82 -32.87 7.22
2015-06-30 0.67 -16.87 7.48
2015-03-31 0.51 -11.02 7.94
2014-12-31 0.52 -13.57 7.93
2014-09-30 0.33 -10.80 7.98
2014-06-30 0.38 -11.98 8.13
2014-03-31 0.43 -12.20 8.25
2013-12-31 0.47 -7.79 8.26
2013-09-30 0.70 -20.04 7.00
2013-06-30 0.96 -21.62 6.81

*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.
  • 180 Degree Capital has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • 180 Degree Capital used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • It is difficult to establish if 180 Degree Capital 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 180 Degree Capital'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 Capital Markets 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.
180 Degree Capital has a total score of 4/6, 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 180 Degree Capital'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 180 Degree Capital's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 180 Degree Capital is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 180 Degree Capital's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 180 Degree Capital'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.
  • 180 Degree Capital has no debt, it does not need to be 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 180 Degree Capital Company Filings, last reported 3 months ago.

DB:A2DN5F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 95.21 0.00 11.33
2019-09-30 95.21 0.00 11.33
2019-06-30 87.82 0.00 5.87
2019-03-31 87.82 0.00 5.87
2018-12-31 82.03 0.00 7.80
2018-09-30 82.03 0.00 7.80
2018-06-30 90.66 0.00 11.72
2018-03-31 90.66 0.00 11.72
2017-12-31 81.04 0.00 3.45
2017-09-30 81.04 0.00 3.45
2017-06-30 76.01 0.00 4.88
2017-03-31 76.01 0.00 4.88
2016-12-31 72.26 0.00 15.43
2016-09-30 75.32 5.00 13.38
2016-06-30 81.28 5.00 11.84
2016-03-31 82.51 5.00 14.31
2015-12-31 88.71 5.00 17.92
2015-09-30 86.97 5.00 21.43
2015-06-30 104.48 5.00 22.98
2015-03-31 105.89 5.00 21.05
2014-12-31 109.65 0.00 20.75
2014-09-30 120.16 0.00 22.45
2014-06-30 120.88 0.00 24.68
2014-03-31 116.48 0.00 5.90
2013-12-31 122.70 0.00 8.54
2013-09-30 130.23 0.00 13.53
2013-06-30 132.06 0.00 8.19
  • 180 Degree Capital has no debt.
  • 180 Degree Capital has no debt compared to 5 years ago when it was 0.1%.
  • 180 Degree Capital has no debt, it does not need to be covered by operating cash flow.
  • 180 Degree Capital has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess 180 Degree Capital'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. 180 Degree Capital 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.

Dividends

 What is 180 Degree Capital'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 180 Degree Capital dividends.
If you bought €2,000 of 180 Degree Capital 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 180 Degree Capital's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate 180 Degree Capital'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
DB:A2DN5F 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as 180 Degree Capital has not reported any payouts.
  • Unable to verify if 180 Degree Capital's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of 180 Degree Capital's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as 180 Degree Capital 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 180 Degree Capital's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 180 Degree Capital afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 180 Degree Capital 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 180 Degree Capital'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 Rendino
COMPENSATION $1,814,970
AGE 51
TENURE AS CEO 3.1 years
CEO Bio

Mr. Kevin M. Rendino serves as a Independent Director at Synacor Inc. since March 1, 2019 and serves as its Interim Independent Chairman since March 3, 2020. He had been a Director of TheStreet, Inc. since November 2017 until August 7, 2019. He served as the President and Chief Executive Officer at RGJ Capital, LLC since December 2012 until March 2017. Mr. Rendino has been Chairman, Chief Executive Officer and Portfolio Manager of 180 Degree Capital Corp. since March 24, 2017. He joined the firm in June 2016, and is responsible for investments and investment strategy, and development and execution the overall strategy of the company. Previously, Mr. Rendino was a Portfolio Manager at BlackRock Advisors, LLC, BlackRock Investment Management LLC and BlackRock Investment Management (UK) Limited. Mr. Rendino is a financial services leader with three decades of Wall Street experience in capital markets, value investing and global equity markets. For over twenty years, Mr. Rendino was Portfolio Manager with a consistent Graham and Dodd focus, at the same firm, BlackRock/Merrill Lynch. Mr. Rendino joined BlackRock in 2006. Prior to that, Mr. Rendino was a Managing Director at Merrill Lynch Investment Managers, LP since 2000 and the First Vice President from 1997 to 2000. He joined the firm in 1990 as a Research Associate. Prior to that, Mr. Rendino was in the Merrill Lynch Corporate Analyst Program. His career began with Merrill Lynch in 1988, where he held various roles, including Managing Director, Portfolio Manager and heading the Basic Value Group. He has been Director of 180 Degree Capital Corp., since June 7, 2016. He was the value team leader, overseeing 11 funds and $13 billion in assets and a frequent contributor to CNBC, Bloomberg TV, Fox Business, The New York Times and The Wall Street Journal. For the entirety of his money management career, Mr. Rendino ranked in top quartile and beat competitor average and SPX by over 100 basis points. He received numerous Lipper awards for Investment Excellence during his tenure. Since early 2016, Mr. Rendino has served on the board of directors of Rentech Inc. Mr. Rendino is on the Board of Directors of Partners for Health since 2012 and has been its Board Chair since 2014. He graduated from the Carroll School of Management at Boston College with a B.S. in finance from 1984-1988.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kevin's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the 180 Degree Capital management team in years:

4.3
Average Tenure
47
Average Age
  • The tenure for the 180 Degree Capital management team is about average.
Management Team

Kevin Rendino

TITLE
Chairman
COMPENSATION
$2M
AGE
51
TENURE
3.1 yrs

Daniel Wolfe

TITLE
President
COMPENSATION
$1M
AGE
42
TENURE
11.3 yrs

Rob Bigelow

TITLE
VP & Head of Fund Development
COMPENSATION
$309K
AGE
51
TENURE
2.5 yrs

Alicia Gift

TITLE
Senior Controller
COMPENSATION
$535K
AGE
42
TENURE
3 yrs

Alexei Andreev

TITLE
Venture Partner
COMPENSATION
$508K
AGE
47
TENURE
4.3 yrs

Peter Boni

TITLE
Senior Advisor
AGE
74
TENURE
6.2 yrs

Blake Stevens

TITLE
Senior Associate
AGE
36
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the 180 Degree Capital board of directors in years:

4.7
Average Tenure
57
Average Age
  • The tenure for the 180 Degree Capital board of directors is about average.
Board of Directors

Kevin Rendino

TITLE
Chairman
COMPENSATION
$2M
AGE
51
TENURE
3.1 yrs

Daniel Wolfe

TITLE
President
COMPENSATION
$1M
AGE
42
TENURE
3.1 yrs

Chuck Ramsey

TITLE
Independent Director
COMPENSATION
$60K
AGE
76
TENURE
17.5 yrs

Stacy Brandom

TITLE
Independent Director
COMPENSATION
$63K
AGE
61
TENURE
6.3 yrs

Parker Weil

TITLE
Independent Director
COMPENSATION
$63K
AGE
53
TENURE
2.8 yrs

Richard Shanley

TITLE
Lead Independent Director
COMPENSATION
$93K
AGE
72
TENURE
6.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by 180 Degree Capital individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 20 Buy Robert Bigelow Individual 24. Mar 20 24. Mar 20 2,550 €1.15 €2,940
25. Mar 20 Buy Kevin Rendino Individual 23. Mar 20 23. Mar 20 20,000 €1.02 €20,484
24. Mar 20 Buy Daniel Wolfe Individual 23. Mar 20 23. Mar 20 2,930 €1.02 €3,001
23. Mar 20 Buy Kevin Rendino Individual 23. Mar 20 23. Mar 20 10,000 €1.05 €10,382
20. Mar 20 Buy Kevin Rendino Individual 19. Mar 20 19. Mar 20 1,142 €1.19 €1,359
17. Mar 20 Buy Daniel Wolfe Individual 16. Mar 20 16. Mar 20 5,000 €1.34 €6,721
16. Mar 20 Buy Alicia Gift Individual 13. Mar 20 13. Mar 20 1,500 €1.43 €2,140
13. Mar 20 Buy Kevin Rendino Individual 12. Mar 20 12. Mar 20 6,500 €1.41 €9,164
12. Mar 20 Buy Kevin Rendino Individual 12. Mar 20 12. Mar 20 5,000 €1.51 €7,546
12. Mar 20 Buy Daniel Wolfe Individual 11. Mar 20 11. Mar 20 2,070 €1.59 €3,288
10. Mar 20 Buy Kevin Rendino Individual 09. Mar 20 09. Mar 20 5,000 €1.65 €8,267
09. Mar 20 Buy Alicia Gift Individual 05. Mar 20 05. Mar 20 43 €1.75 €75
09. Mar 20 Buy Alicia Gift Individual 06. Mar 20 06. Mar 20 1,958 €1.73 €3,382
02. Mar 20 Buy Alicia Gift Individual 28. Feb 20 28. Feb 20 50 €1.78 €89
02. Mar 20 Buy Daniel Wolfe Individual 28. Feb 20 28. Feb 20 22,887 €1.82 €41,660
02. Mar 20 Buy Kevin Rendino Individual 28. Feb 20 28. Feb 20 14,534 €1.78 €25,903
27. Feb 20 Buy Robert Bigelow Individual 26. Feb 20 26. Feb 20 2,000 €1.90 €3,804
27. Feb 20 Buy Alicia Gift Individual 26. Feb 20 26. Feb 20 2,500 €1.88 €4,700
02. Jan 20 Buy Daniel Wolfe Individual 30. Dec 19 31. Dec 19 2,113 €1.92 €4,045
31. Dec 19 Buy Robert Bigelow Individual 30. Dec 19 30. Dec 19 1,500 €1.92 €2,873
31. Dec 19 Buy Kevin Rendino Individual 27. Dec 19 27. Dec 19 44,366 €1.92 €84,965
17. Dec 19 Buy Alicia Gift Individual 16. Dec 19 16. Dec 19 700 €1.87 €1,307
17. Dec 19 Buy Daniel Wolfe Individual 16. Dec 19 16. Dec 19 2,500 €1.87 €4,667
13. Dec 19 Buy Kevin Rendino Individual 11. Dec 19 12. Dec 19 4,287 €1.90 €8,128
13. Dec 19 Buy Daniel Wolfe Individual 11. Dec 19 11. Dec 19 2,500 €1.90 €4,741
05. Dec 19 Buy Daniel Wolfe Individual 04. Dec 19 04. Dec 19 1,500 €1.92 €2,881
27. Nov 19 Buy Alicia Gift Individual 26. Nov 19 26. Nov 19 1,400 €1.95 €2,720
25. Nov 19 Buy Daniel Wolfe Individual 22. Nov 19 22. Nov 19 2,500 €1.94 €4,851
20. Nov 19 Buy Alicia Gift Individual 19. Nov 19 19. Nov 19 1,000 €1.96 €1,957
20. Nov 19 Buy Robert Bigelow Individual 19. Nov 19 19. Nov 19 2,000 €1.93 €3,863
19. Nov 19 Buy Daniel Wolfe Individual 18. Nov 19 18. Nov 19 2,500 €1.96 €4,893
15. Nov 19 Buy Alicia Gift Individual 14. Nov 19 14. Nov 19 2,000 €1.99 €3,971
15. Nov 19 Buy Daniel Wolfe Individual 14. Nov 19 14. Nov 19 2,500 €1.98 €4,949
15. Nov 19 Buy Kevin Rendino Individual 14. Nov 19 14. Nov 19 50,000 €1.97 €97,848
14. Nov 19 Buy Kevin Rendino Individual 13. Nov 19 13. Nov 19 5,195 €1.99 €10,339
13. Nov 19 Buy Robert Bigelow Individual 12. Nov 19 12. Nov 19 1,500 €2.01 €3,014
26. Sep 19 Buy Daniel Wolfe Individual 25. Sep 19 25. Sep 19 2,500 €1.96 €4,894
20. Sep 19 Buy Robert Bigelow Individual 19. Sep 19 19. Sep 19 1,300 €1.97 €2,564
05. Sep 19 Buy Robert Bigelow Individual 04. Sep 19 04. Sep 19 42,774 €1.95 €83,357
04. Sep 19 Buy Robert Bigelow Individual 03. Sep 19 03. Sep 19 17,226 €1.95 €33,538
30. Aug 19 Buy Daniel Wolfe Individual 29. Aug 19 29. Aug 19 2,000 €1.92 €3,833
29. Aug 19 Buy Robert Bigelow Individual 28. Aug 19 28. Aug 19 5,000 €1.91 €9,552
26. Aug 19 Buy Alicia Gift Individual 23. Aug 19 23. Aug 19 700 €1.87 €1,307
26. Aug 19 Buy Kevin Rendino Individual 23. Aug 19 23. Aug 19 5,093 €1.87 €9,509
26. Aug 19 Buy Daniel Wolfe Individual 23. Aug 19 23. Aug 19 1,330 €1.93 €2,567
22. Aug 19 Buy Daniel Wolfe Individual 21. Aug 19 21. Aug 19 670 €1.97 €1,322
21. Aug 19 Buy Daniel Wolfe Individual 20. Aug 19 20. Aug 19 2,000 €2.01 €3,971
21. Aug 19 Buy Alicia Gift Individual 20. Aug 19 20. Aug 19 2,300 €1.96 €4,500
20. Aug 19 Buy Robert Bigelow Individual 19. Aug 19 19. Aug 19 1,000 €1.94 €1,937
20. Aug 19 Buy Kevin Rendino Individual 19. Aug 19 19. Aug 19 6,019 €1.93 €11,611
19. Aug 19 Buy Kevin Rendino Individual 16. Aug 19 16. Aug 19 2,800 €1.87 €5,249
01. Jul 19 Buy Alicia Gift Individual 28. Jun 19 28. Jun 19 3,100 €1.73 €5,364
26. Jun 19 Buy Robert Bigelow Individual 25. Jun 19 25. Jun 19 750 €1.74 €1,304
05. Jun 19 Buy Robert Bigelow Individual 04. Jun 19 04. Jun 19 1,000 €1.71 €1,711
14. May 19 Buy Alicia Gift Individual 13. May 19 13. May 19 3,000 €1.73 €5,201
14. May 19 Buy Daniel Wolfe Individual 13. May 19 13. May 19 5,440 €1.71 €9,254
14. May 19 Buy Kevin Rendino Individual 13. May 19 13. May 19 21,107 €1.69 €35,704
06. May 19 Buy Robert Bigelow Individual 03. May 19 03. May 19 2,000 €1.75 €3,493
X
Management checks
We assess 180 Degree Capital'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. 180 Degree Capital 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

180 Degree Capital Corp. is a principal investment firm. It is focused on investing in and providing value-added assistance through constructive activism to companies that are substantially undervalued, small, and publicly traded. It typically focuses on less than $250 million market capitalization (microcap) public companies in the United States. It seeks that the result of constructive activism leads to a reversal in direction for the share price of the investee companies. It also seeks active engagement with management of the investee companies and prefers to take a board seat. It also co-invests. 180 Degree Capital Corp. was founded in August 1981 and is based in Montclair, New Jersey.

Details
Name: 180 Degree Capital Corp.
A2DN5F
Exchange: DB
Founded: 1981
$38,337,470
31,121,562
Website: http://www.180degreecapital.com
Address: 180 Degree Capital Corp.
7 North Willow Street,
Suite 4B,
Montclair,
New Jersey, 07042,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM TURN Common Stock Nasdaq Global Market US USD 16. Mar 1983
DB A2DN5F Common Stock Deutsche Boerse AG DE EUR 16. Mar 1983
Number of employees
Current staff
Staff numbers
0
180 Degree Capital employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 22:38
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/02/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.