Loading...

We've got a brand new version of Simply Wall St! Try it out

Cenkos Securities

AIM:CNKS
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CNKS
AIM
£24M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Cenkos Securities plc, together with its subsidiaries, provides corporate finance, nomad and broking, and research and execution services to small and mid-cap growth companies and investment funds in the United Kingdom. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
CNKS Share Price and Events
7 Day Returns
-8.6%
AIM:CNKS
-0.3%
GB Capital Markets
-0.5%
GB Market
1 Year Returns
-35.6%
AIM:CNKS
18.8%
GB Capital Markets
3.7%
GB Market
CNKS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cenkos Securities (CNKS) -8.6% 2.1% 20% -35.6% -40% -72.7%
GB Capital Markets -0.3% -1.2% 3.2% 18.8% 63.8% 107.4%
GB Market -0.5% 1.4% 3.1% 3.7% 7.8% 3.8%
1 Year Return vs Industry and Market
  • CNKS underperformed the Capital Markets industry which returned 18.8% over the past year.
  • CNKS underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 3.7% over the past year.
Price Volatility
CNKS
Industry
5yr Volatility vs Market

Value

 Is Cenkos Securities 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 Cenkos Securities 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 Cenkos Securities.

AIM:CNKS 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
= £0.51 * 12.5%
£0.06
Book Value of Equity per Share Median Book Value from the past 5 years. £0.51
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:CNKS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (1.38%))
1.095
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.095 * 6.65%)
8.51%

Discounted Cash Flow Calculation for AIM:CNKS using Excess Returns Model Model

The calculations below outline how an intrinsic value for Cenkos Securities 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.

AIM:CNKS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.5% – 8.51%) * £0.51)
£0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.02 / (8.51% - 1.23%)
£0.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.51 + £0.28
£0.79
AIM:CNKS Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.79
Current discount Discount to share price of £0.48
= -1 x (£0.48 - £0.79) / £0.79
39.3%

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

Current Discount
Amount off the current price Cenkos Securities is available for.
Intrinsic value
39%
Share price is £0.48 vs Future cash flow value of £0.79109
Current Discount Checks
For Cenkos Securities to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cenkos Securities's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cenkos Securities's share price is below the future cash flow value, but not 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 Cenkos Securities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cenkos Securities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:CNKS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.03
AIM:CNKS Share Price ** AIM (2019-11-12) in GBP £0.48
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.19x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.92x

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

** Primary Listing of Cenkos Securities.

AIM:CNKS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:CNKS Share Price ÷ EPS (both in GBP)

= 0.48 ÷ 0.03

15.74x

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

  • Cenkos Securities is good value based on earnings compared to the GB Capital Markets industry average.
  • Cenkos Securities is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Cenkos Securities's expected growth come at a high price?
Raw Data
AIM:CNKS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
158.7%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.1x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 555 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

AIM:CNKS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.74x ÷ 158.7%

0.1x

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

  • Cenkos Securities is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Cenkos Securities's assets?
Raw Data
AIM:CNKS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.51
AIM:CNKS Share Price * AIM (2019-11-12) in GBP £0.48
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.33x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.5x
AIM:CNKS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:CNKS Share Price ÷ Book Value per Share (both in GBP)

= 0.48 ÷ 0.51

0.94x

* Primary Listing of Cenkos Securities.

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

  • Cenkos Securities is good value based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Cenkos Securities'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. Cenkos Securities 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 Cenkos Securities expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
158.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cenkos Securities expected to grow at an attractive rate?
  • Cenkos Securities's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Cenkos Securities's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Cenkos Securities's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:CNKS Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:CNKS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 158.7%
AIM:CNKS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 94.5%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
AIM:CNKS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:CNKS Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 37,500 2,835 1
2019-12-31 32,500 768 1
AIM:CNKS Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 37 -3 2
2019-03-31 41 0 2
2018-12-31 45 3 2
2018-09-30 47 6 4
2018-06-30 48 9 5
2018-03-31 54 14 7
2017-12-31 60 19 8
2017-06-30 58 4 6
2017-03-31 51 0 5
2016-12-31 44 -4 3
2016-09-30 41 -9 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cenkos Securities's earnings are expected to grow significantly at over 20% yearly.
  • Cenkos Securities's revenue is expected to grow significantly at over 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
AIM:CNKS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Cenkos Securities Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CNKS Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.05 0.05 0.05 1.00
2019-12-31 0.01 0.01 0.01 1.00
AIM:CNKS Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.03
2019-03-31 0.04
2018-12-31 0.04
2018-09-30 0.07
2018-06-30 0.09
2018-03-31 0.12
2017-12-31 0.15
2017-06-30 0.11
2017-03-31 0.09
2016-12-31 0.06
2016-09-30 0.04

*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 Cenkos Securities will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Cenkos Securities'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 Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Cenkos Securities has a total score of 5/6, 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 Cenkos Securities 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 Cenkos Securities'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.
  • Cenkos Securities's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Cenkos Securities's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Cenkos Securities's 1-year earnings growth is negative, it can't be compared to the GB Capital Markets industry average.
Earnings and Revenue History
Cenkos Securities'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 Cenkos Securities Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:CNKS Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 37.47 1.54 33.60
2019-03-31 41.21 1.87 37.00
2018-12-31 44.95 2.20 40.40
2018-09-30 46.65 3.53 41.09
2018-06-30 48.36 4.87 41.79
2018-03-31 53.93 6.53 45.30
2017-12-31 59.50 8.18 48.81
2017-06-30 57.65 6.20 49.71
2017-03-31 50.70 4.70 44.22
2016-12-31 43.74 3.21 38.73
2016-09-30 41.13 1.97 36.94
2016-06-30 38.58 1.39 35.22
2016-03-31 57.46 8.38 45.66
2015-12-31 76.35 15.37 56.10
2015-09-30 76.37 16.27 55.13
2015-06-30 76.40 17.17 54.17
2015-03-31 82.46 19.25 57.74
2014-12-31 88.52 21.33 61.32
2014-09-30 92.59 23.18 63.48
2014-06-30 96.66 25.04 65.64
2014-03-31 74.05 16.81 53.25
2013-12-31 51.43 8.59 40.86
2013-09-30 47.17 6.78 38.81
2013-06-30 42.92 4.96 36.76
2013-03-31 43.03 5.01 36.71
2012-12-31 43.15 5.06 36.67

*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.
  • Cenkos Securities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cenkos Securities used its assets less efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Cenkos Securities improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Cenkos Securities'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.
Cenkos Securities 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 Cenkos Securities'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 Cenkos Securities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cenkos Securities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cenkos Securities's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cenkos Securities'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.
  • Cenkos Securities 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 Cenkos Securities Company Filings, last reported 4 months ago.

AIM:CNKS Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 25.95 0.00 25.36
2019-03-31 25.95 0.00 25.36
2018-12-31 27.59 0.00 46.50
2018-09-30 27.59 0.00 46.50
2018-06-30 26.34 0.00 32.22
2018-03-31 26.34 0.00 32.22
2017-12-31 29.75 0.00 47.69
2017-06-30 27.73 0.00 19.78
2017-03-31 27.73 0.00 19.78
2016-12-31 27.18 0.00 37.61
2016-09-30 27.18 0.00 37.61
2016-06-30 25.61 0.00 28.38
2016-03-31 25.61 0.00 28.38
2015-12-31 28.57 0.00 45.81
2015-09-30 28.57 0.00 45.81
2015-06-30 39.69 0.00 59.06
2015-03-31 39.69 0.00 59.06
2014-12-31 39.56 0.00 42.95
2014-09-30 39.56 0.00 42.95
2014-06-30 41.24 0.00 73.03
2014-03-31 41.24 0.00 73.03
2013-12-31 26.09 0.00 44.05
2013-09-30 26.09 0.00 44.05
2013-06-30 21.69 0.00 26.49
2013-03-31 21.69 0.00 26.49
2012-12-31 22.23 0.00 32.06
  • Cenkos Securities has no debt.
  • Cenkos Securities has not taken on any debt in the past 5 years.
  • Cenkos Securities has no debt, it does not need to be covered by operating cash flow.
  • Cenkos Securities has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Cenkos Securities'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. Cenkos Securities 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 Cenkos Securities'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
9.38%
Current annual income from Cenkos Securities dividends. Estimated to be 8.85% next year.
If you bought £2,000 of Cenkos Securities shares you are expected to receive £188 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?
  • Cenkos Securities's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
  • Cenkos Securities's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.33%).
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
AIM:CNKS 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 1 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:CNKS Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.05 1.00
2019-12-31 0.04 1.00
AIM:CNKS Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-26 0.045 8.581
2018-09-18 0.040 5.708
2018-03-23 0.090 8.820
2017-03-31 0.060 5.733
2016-03-29 0.140 13.689
2016-02-16 23.000 1,511.345
2015-04-07 0.170 9.760
2015-03-30 0.170 8.151
2014-04-10 0.120 6.266
2014-03-26 0.120 6.877
2013-04-05 0.075 6.956
2012-04-12 0.050 7.889
2012-03-15 0.050 7.650
2011-03-22 0.080 10.169
2011-03-11 0.080 8.323
2010-02-25 0.200 18.277
2009-03-26 0.100 7.147

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Cenkos Securities's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
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 Cenkos Securities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Cenkos Securities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cenkos Securities has a total score of 2/6, 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 Cenkos Securities'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
Jim Durkin
COMPENSATION £314,118
AGE 59
TENURE AS CEO 0.3 years
CEO Bio

Mr. James John Durkin, also known as Jim, has been the Chief Executive Officer and Director of Cenkos Securities Plc since August 12, 2019. He served as an Executive Officer of Cenkos Securities Plc since August 1, 2017 until July 31, 2017. Mr. Durkin served as the Chief Executive Officer of Cenkos Securities Plc from December 2011 to July 2017. Mr. Durkin served as Head of Corporate Broking at Cenkos Securities Plc from March 2005 to December 2011. He served as an Executive Officer of Deloitte LLP. Mr. Durkin has over 30 years' experience in the UK securities industry. Prior to joining Cenkos Securities, he served at Collins Stewart. He has worked extensively on the origination and execution of corporate finance transactions across a range of industries including insurance, property, financials and utilities. He is one of the founder shareholders of Cenkos Securities in 2005. He served as an Executive Director of Cenkos Securities plc from October 31, 2006 to August 1, 2017. He serves as a Director of JDPL Limited. He served as a Director of Cenkos Nominee UK Limited resigned; Cenkos Fund Management Limited and JDPL 2 Limited.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jim's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Cenkos Securities management team in years:

0.8
Average Tenure
59
Average Age
  • The average tenure for the Cenkos Securities management team is less than 2 years, this suggests a new team.
Management Team

Philip Anderson

TITLE
Head of Compliance
COMPENSATION
£427K
AGE
55
TENURE
0.7 yrs

Paul Hodges

TITLE
Head of Equity Capital Markets
COMPENSATION
£1M
AGE
59

Joe Nally

TITLE
Head of Natural Resources
COMPENSATION
£812K
AGE
67

Jim Durkin

TITLE
CEO & Executive Director
COMPENSATION
£314K
AGE
59
TENURE
0.3 yrs

Nick Wells

TITLE
Head of Corporate Finance & Sponsor Services
COMPENSATION
£276K

Jeremy Osler

TITLE
Co-Head of Corporate Finance & General Counsel
TENURE
0.8 yrs

Daniel Balabanoff

TITLE
Head of Sales & Corporate Broking
TENURE
0.8 yrs

Stephen Keys

TITLE
Head of Growth Companies - Corporate Finance

Julian Morse

TITLE
Head of Growth Companies
AGE
48

Mark Gibbons

TITLE
Head of Equity Trading & Sales Trading
Board of Directors Tenure

Average tenure and age of the Cenkos Securities board of directors in years:

0.7
Average Tenure
59.5
Average Age
  • The average tenure for the Cenkos Securities board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jeff Hewitt

TITLE
Acting Non- Executive Chairman
COMPENSATION
£111K
AGE
71
TENURE
1 yrs

Jim Durkin

TITLE
CEO & Executive Director
COMPENSATION
£314K
AGE
59
TENURE
0.3 yrs

Andy Boorman

TITLE
Independent Non-Executive Director
COMPENSATION
£96K
AGE
50
TENURE
2 yrs

Jeremy Ronald St Miller

TITLE
Non-Executive Director
AGE
60
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Cenkos Securities individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
19. Sep 19 Buy Jeremy Ronald St Miller Individual 19. Sep 19 19. Sep 19 20,000 £0.52 £10,350
18. Sep 19 Buy Jeffrey Hewitt Individual 18. Sep 19 18. Sep 19 12,347 £0.49 £5,988
23. Apr 19 Sell John Nally Individual 23. Apr 19 23. Apr 19 -20,548 £0.68 £-13,973
23. Apr 19 Sell Paul Hodges Individual 23. Apr 19 23. Apr 19 -28,764 £0.68 £-19,560
26. Mar 19 Buy Andrew Boorman Individual 26. Mar 19 26. Mar 19 21,152 £0.72 £15,000
X
Management checks
We assess Cenkos Securities'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. Cenkos Securities 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

Imagine Owning Cenkos Securities (LON:CNKS) And Trying To Stomach The 77% Share Price Drop

To wit, the Cenkos Securities plc (LON:CNKS) share price managed to fall 77% over five long years. … During the five years over which the share price declined, Cenkos Securities's earnings per share (EPS) dropped by 21% each year. … As it happens, Cenkos Securities's TSR for the last 5 years was -67%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Should You Consider Cenkos Securities plc (LON:CNKS)?

For those interested in understanding where the figures come from and want to see the analysis, read the full report on Cenkos Securities here. … AIM:CNKS Price Estimation Relative to Market, June 13th 2019 Next Steps: For Cenkos Securities, I've put together three fundamental aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for CNKS’s future growth? … We aim to bring you long-term focused research analysis driven by fundamental data.

Simply Wall St -

Is Cenkos Securities plc (LON:CNKS) A Risky Dividend Stock?

Could Cenkos Securities plc (LON:CNKS) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Cenkos Securities is a new dividend aristocrat in the making. We'd agree the yield does look enticing. The company also bought back stock during the year, equivalent to approximately 6.6% of the company's market capitalisation at the time. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … It's good to see that Cenkos Securities has been paying a dividend for a number of years. … Earnings per share are down, and Cenkos Securities's dividend has been cut at least once in the past, which is disappointing.

Simply Wall St -

If You Had Bought Cenkos Securities (LON:CNKS) Stock Five Years Ago, You'd Be Sitting On A 58% Loss, Today

At this point some shareholders may be questioning their investment in Cenkos Securities plc (LON:CNKS), since the last five years saw the share price fall 58%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the five years over which the share price declined, Cenkos Securities's earnings per share (EPS) dropped by 21% each year.

Simply Wall St -

Should You Buy Cenkos Securities plc (LON:CNKS) For Its Dividend?

Historically, Cenkos Securities plc (LON:CNKS) has paid dividends to shareholders, and these days it yields 5.7%. … Let's dig deeper into whether Cenkos Securities should have a place in your portfolio. … See our latest analysis for Cenkos Securities?

Simply Wall St -

Should Cenkos Securities plc (LON:CNKS) Be Your Next Stock Pick?

Attractive stocks have exceptional fundamentals. … In the case of Cenkos Securities plc (LON:CNKS), there's … financially-healthy

Simply Wall St -

Cenkos Securities plc (LON:CNKS): Has Recent Earnings Growth Beaten Long-Term Trend?

After looking at Cenkos Securities plc's (LON:CNKS) latest earnings announcement (31 December 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … As a long-term investor I tend to focus on earnings trend, rather than a single number at one point in time. … Did CNKS beat its long-term earnings growth trend and its industry.

Simply Wall St -

June Undervalued Stocks To Look Out For

Furthermore, CNKS’s PE ratio is around 7x against its its Capital Markets peer level of, 15.48x indicating that relative to its comparable company group, CNKS’s stock can be bought at a cheaper price. … Also, STY’s PE ratio stands at 12.58x compared to its Commercial Services peer level of, 21.06x meaning that relative to other stocks in the industry, STY can be bought at a cheaper price right now. … Also, GLEN’s PE ratio stands at around 12.51x compared to its Metals and Mining peer level of, 13.43x meaning that relative to its peers, GLEN’s stock can be bought at a cheaper price.

Simply Wall St -

Before You Buy Cenkos Securities plc's (LON:CNKS), Consider This

CNKS's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … CNKS, with its market capitalisation of UK£57.71M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … This is an interesting conclusion, since both CNKS’s size and industry indicates the stock should have a higher beta than it currently has.

Simply Wall St -

Cenkos Securities plc (LON:CNKS): Dividend Is Coming In 9 Days, Should You Buy?

Investors who want to cash in on Cenkos Securities plc's (AIM:CNKS) upcoming dividend of £0.05 per share have only 9 days left to buy the shares before its ex-dividend date, 03 May 2018, in time for dividends payable on the 31 May 2018. … See our latest analysis for Cenkos Securities 5 checks you should use to assess a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is it the top 25% annual dividend yield payer? … Next Steps: Whilst there are few things you may like about Cenkos Securities from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor.

Simply Wall St -

Company Info

Description

Cenkos Securities plc, together with its subsidiaries, provides corporate finance, nomad and broking, and research and execution services to small and mid-cap growth companies and investment funds in the United Kingdom. It offers technical advice on various forms of corporate transactions, including IPOs, fundraisings, mergers and acquisitions, disposals, restructurings, and tender offers. The company provides transactional advice, strategic advice, and regulatory guidance; research to institutional clients on 143 companies across 8 sectors; and execution services comprising liquidity and facilitate institutional business, making markets in small and large cap equities and investment funds. It also offers support services in the areas of compliance, finance, HR, operations, IT, and facilities. The company was founded in 2004 and is based in London, the United Kingdom.

Details
Name: Cenkos Securities plc
CNKS
Exchange: AIM
Founded: 2004
£23,982,701
49,963,961
Website: http://www.cenkos.com
Address: Cenkos Securities plc
6 7 8 Tokenhouse Yard,
London,
Greater London, EC2R 7AS,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM CNKS Ordinary Shares London Stock Exchange AIM Market GB GBP 31. Oct 2006
Number of employees
Current staff
Staff numbers
114
Cenkos Securities employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 20:59
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2019/11/07
Last earnings filing: 2019/09/18
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.