Discounted Cash Flow Calculation for ATSE:CNLCAP using Excess Returns Model Model
The calculations below outline how an intrinsic value for Cnl Capital E.K.E.S. - AIFM 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.
The current share price of
Cnl Capital E.K.E.S. - AIFM
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
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
Cnl Capital E.K.E.S. - AIFM's
is considered below, and whether this is a fair price.
Price based on past earnings
Cnl Capital E.K.E.S. - AIFM's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Cnl Capital E.K.E.S. - AIFM 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
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
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Cnl Capital E.K.E.S. - AIFM
expected to grow at an
Unable to compare Cnl Capital E.K.E.S. - AIFM's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare Cnl Capital E.K.E.S. - AIFM's earnings growth to the Greece market average as no estimate data is available.
Unable to compare Cnl Capital E.K.E.S. - AIFM's revenue growth to the Greece market average as no estimate data is available.
Unable to determine if Cnl Capital E.K.E.S. - AIFM is high growth as no earnings estimate data is available.
Unable to determine if Cnl Capital E.K.E.S. - AIFM 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.
Cnl Capital E.K.E.S. - AIFM's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Cnl Capital E.K.E.S. - AIFM
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Cnl Capital E.K.E.S. - AIFM's finances.
The net worth of a company is the difference between its assets and liabilities.
Cnl Capital E.K.E.S. - AIFM is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Cnl Capital E.K.E.S. - AIFM has no long term commitments.
This treemap shows a more detailed breakdown of
Cnl Capital E.K.E.S. - AIFM'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Cnl Capital E.K.E.S. - AIFM has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
Is Cnl Capital E.K.E.S. - AIFM (ATH:CNLCAP) A Smart Choice For Dividend Investors?
Dividend paying stocks like Cnl Capital E.K.E.S. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Cnl Capital E.K.E.S. - AIFM has grown its earnings per share at 26% per annum over the past five years. With high earnings per share growth in recent times and a modest payout ratio, we think this is an attractive combination if earnings can be reinvested to generate further growth. We'd also point out that Cnl Capital E.K.E.S. - AIFM issued a meaningful number of new shares in the past year. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Second, the company has not been able to generate earnings growth, and its history of dividend payments too short for us to thoroughly evaluate the dividend's consistency across an economic cycle.
What Does Cnl Capital E.K.E.S. - AIFM's (ATH:CNLCAP) P/E Ratio Tell You?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … - AIFM has a price to earnings ratio of 35.92, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Should We Worry About Cnl Capital EKES - AIFM's (ATH:CNLCAP) P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Cnl Capital EKES - AIFM's (ATH:CNLCAP) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Cnl Capital E.K.E.S. - AIFM provides short term funding to SMEs by investing in their corporate bond issues in Greece. It offers commercial cycle, accounts receivable, and activity financing, as well as contract pre-financing. The company was founded in 2014 and is based in Athens, Greece.
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