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CM.com

DB:2DS
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2DS
DB
€273M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

CM.Com B.V. provides mobile communication solutions worldwide. The last earnings update was 186 days ago. More info.


Add to Portfolio Compare Print
  • CM.com has significant price volatility in the past 3 months.
2DS Share Price and Events
7 Day Returns
6.9%
DB:2DS
11.2%
DE Software
9.9%
DE Market
1 Year Returns
-
DB:2DS
-1.1%
DE Software
-17.5%
DE Market
2DS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CM.com (2DS) 6.9% -23.5% - - - -
DE Software 11.2% -8.3% -14.2% -1.1% 14.4% 56.9%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • No trading data on 2DS.
  • No trading data on 2DS.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

2DS Value

 Is CM.com 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.

In this section, we usually try to help investors determine whether CM.com is trading at an attractive price based on the cash flow it is expected to produce in the future. But as CM.com has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for CM.com. This is due to cash flow or dividend data being unavailable. The share price is €10.1.
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 CM.com's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CM.com's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2DS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR Not available
ENXTAM:CMCOM Share Price ** ENXTAM (2020-03-31) in EUR €10.4
Germany Software Industry PE Ratio Median Figure of 23 Publicly-Listed Software Companies 37.82x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of CM.com.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for CM.com, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does CM.com's expected growth come at a high price?
Raw Data
DB:2DS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Software Industry PEG Ratio Median Figure of 15 Publicly-Listed Software Companies 1.74x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*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 CM.com, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CM.com's assets?
Raw Data
DB:2DS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR Not available
ENXTAM:CMCOM Share Price * ENXTAM (2020-03-31) in EUR €10.4
Germany Software Industry PB Ratio Median Figure of 36 Publicly-Listed Software Companies 2.27x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x

* Primary Listing of CM.com.

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

  • Unable to compare the PB ratio to the industry average as no data exists.

Next steps:

  1. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through CM.com's regulatory filings and announcements.
  2. Show me more potentially undervalued companies in the Software industry
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess CM.com'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. CM.com has a total score of 0/6, 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.

2DS Future Performance

 How is CM.com 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 CM.com 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
18.8%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CM.com expected to grow at an attractive rate?
  • Unable to compare CM.com's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare CM.com's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare CM.com's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2DS Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Software Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
Germany Software Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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
DB:2DS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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.
DB:2DS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 87 1 0
2019-03-31 86 2 0
2018-12-31 85 2 0
2017-12-31 85 7 1
2016-12-31 75 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if CM.com is high growth as no earnings estimate data is available.
  • Unable to determine if CM.com 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:2DS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from CM.com Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2DS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30
2019-03-31
2018-12-31
2017-12-31
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CM.com will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. CM.com'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 Software companies here
  2. CM.com's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess CM.com'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.
CM.com 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.

2DS Past Performance

  How has CM.com performed over the past 5 years?

  • CM.com's last earnings update was 186 days ago.
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 CM.com'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.
  • CM.com does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare CM.com's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare CM.com's 1-year growth to the DE Software industry average as it is not currently profitable.
Earnings and Revenue History
CM.com'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 CM.com Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2DS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 86.91 -0.01
2019-03-31 85.77 0.09
2018-12-31 84.62 0.20
2017-12-31 84.58 1.11
2016-12-31 75.26 1.12
2015-12-31 70.40 1.93

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

2DS Health

 How is CM.com'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 CM.com's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CM.com's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CM.com's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of CM.com's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x 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 CM.com Company Filings, last reported 9 months ago.

DB:2DS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 7.56 19.20 1.09
2019-03-31 7.56 19.20 1.09
2018-12-31 7.50 15.50 0.47
2017-12-31 7.33 14.54 2.24
2016-12-31 6.60 5.87 0.80
2015-12-31 5.59 5.05 1.26
  • CM.com's level of debt (254.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if CM.com's debt level has increased without past 5-year debt data.
  • Debt is not well covered by operating cash flow (6.5%, less than 20% of total debt).
  • CM.com is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess CM.com'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. CM.com has a total score of 1/6, 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.

2DS Dividends

 What is CM.com'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 CM.com dividends.
If you bought €2,000 of CM.com 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 CM.com's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CM.com'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:2DS 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 Software Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
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 5%

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

2DS Management

 What is the CEO of CM.com'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
Jeroen van Glabbeek
AGE 40
CEO Bio

Mr. Jeroen van Glabbeek serves as Chief Executive Officer and Founder at CM Telecom B.V.. He is involved in all acquisitions of CM. Besides M&A, his main expertise is in the area of marketing, product innovation and technology. At PinkRoccade he was responsible for consulting, testing and making contingency plans in relation to the millennium bug. Mr. van Glabbeek has won several international awards for CM throughout the years, including the Red Herring Europe award and the European Business Award. Mr. van Glabbeek serves as Founder, Chief Executive Officer & Managing Director at CM.Com B.V. and has been its Member of Management Board since January 17, 2001.

CEO Compensation
  • Insufficient data for Jeroen to compare compensation growth.
  • Insufficient data for Jeroen to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Jeroen van Glabbeek

TITLE
Founder
AGE
40

Gilbert Franciscus Adrianus Gooijers

TITLE
Founder
AGE
40

Judith Wouters

TITLE
Interim Chief Financial Officer
Board of Directors Tenure

Average tenure and age of the CM.com board of directors in years:

1.2
Average Tenure
58
Average Age
  • The average tenure for the CM.com board of directors is less than 3 years, this suggests a new board.
Board of Directors

Martin Cornelis van Pernis

TITLE
Chairman of the Supervisory Board
AGE
74
TENURE
1.2 yrs

David Pieter de Buck

TITLE
Vice Chairman of the Supervisory Board
AGE
52
TENURE
1.2 yrs

Mariken Tannemaat

TITLE
Supervisory Director
AGE
48
TENURE
1.2 yrs

Lex Beins

TITLE
Supervisory Director
AGE
54
TENURE
1.2 yrs

Diederik Karsten

TITLE
Supervisory Director
AGE
63
TENURE
1.2 yrs

Stephan Nanninga

TITLE
Member of Supervisory Board
AGE
62
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess CM.com'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. CM.com 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.

2DS News

Simply Wall St News

2DS Company Info

Description

CM.Com B.V. provides mobile communication solutions worldwide. It operates through Communications Platform as a Service (CPaaS), Payments, and Platform segments. The CPaaS segment develops various smart communication services to enable rich and contextual communications over various communication channels from SMS and Email to chat apps and multichannel messaging; and provides various solutions to enable customers to integrate voice into their communication infrastructure. The Payments segment provides integrated payment solutions, such as communication-channel integrated use of payment services; a range of online payment solutions that incorporate various payments channels, such as PayPal, American Express, Visa, and MasterCard, as well as various consumer payment methods; and mobile payment solutions. The Platform segment offers a self-service ticketing solution; a portfolio of digital identification services; document execution services; online self-services; and texter services. This segment also provides its customers with a solution to enable them to store, enrich, and analyze the data generated via its CM.com platform. The company was founded in 1999 and is headquartered in Breda, the Netherlands.

Details
Name: CM.com N.V.
2DS
Exchange: DB
Founded: 1999
€273,102,481
26,259,854
Website: http://cm.com
Address: CM.com N.V.
Konijnenberg 30,
Breda,
Noord-Brabant, 4825BD,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM CMCOM Ordinary Shares Euronext Amsterdam NL EUR 24. Feb 2020
DB 2DS Ordinary Shares Deutsche Boerse AG DE EUR 24. Feb 2020
Number of employees
Current staff
Staff numbers
267
CM.com employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:17
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2019/09/27
Last earnings reported: 2019/06/30
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.