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Caribbean Cream

JMSE:KREMI
Snowflake Description

Flawless balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KREMI
JMSE
JMD1B
Market Cap
  1. Home
  2. JM
  3. Food, Beverage & Tobacco
Company description

Caribbean Cream Limited manufactures and sells ice cream and ice cream cakes under the Kremi brand in Jamaica. The last earnings update was 81 days ago. More info.


Add to Portfolio Compare Print
  • Caribbean Cream has significant price volatility in the past 3 months.
KREMI Share Price and Events
7 Day Returns
1.8%
JMSE:KREMI
12.8%
JM Food
2.3%
JM Market
1 Year Returns
-48.9%
JMSE:KREMI
9.2%
JM Food
-3%
JM Market
KREMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Caribbean Cream (KREMI) 1.8% -9.1% -34.7% -48.9% -61.5% -
JM Food 12.8% -19% -27.4% 9.2% 21.3% -15.5%
JM Market 2.3% -16.9% -26.4% -3% 53.9% 263.3%
1 Year Return vs Industry and Market
  • KREMI underperformed the Food industry which returned 9.2% over the past year.
  • KREMI underperformed the Market in Jamaica which returned -3% over the past year.
Price Volatility
KREMI
Industry
5yr Volatility vs Market
Related Companies

KREMI Value

 Is Caribbean Cream 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 Caribbean Cream 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 Caribbean Cream.

JMSE:KREMI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-11-30) in JMD JMD .048000
Payout Ratio Company Filings (2019-11-30) 2049.2%
Discount Rate (Cost of Equity) See below 18.4%
Perpetual Growth Rate 10-Year JM Government Bond Rate 7.5%

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 JMSE:KREMI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JM Govt Bond Rate 7.5%
Equity Risk Premium S&P Global 13.7%
Food Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.566 (1 + (1- 25%) (13.19%))
0.735
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.47% + (0.8 * 13.68%)
18.41%

Discounted Cash Flow Calculation for JMSE:KREMI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Caribbean Cream is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

JMSE:KREMI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= JMD0.05 / (18.41% - 7.47%)
JMD0.44
JMSE:KREMI Discount to Share Price
Calculation Result
Value per share (JMD) From above. JMD0.44
Current discount Discount to share price of JMD2.81
= -1 x (JMD2.81 - JMD0.44) / JMD0.44
-540.7%

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

  • The current share price of Caribbean Cream is above its future cash flow value.
Often investors are willing to pay a premium 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 Caribbean Cream's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Caribbean Cream's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JMSE:KREMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in JMD JMD0.09
JMSE:KREMI Share Price ** JMSE (2020-04-01) in JMD JMD2.81
Jamaica Food Industry PE Ratio Median Figure of 9 Publicly-Listed Food Companies 16.94x
Jamaica Market PE Ratio Median Figure of 65 Publicly-Listed Companies 17.58x

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

** Primary Listing of Caribbean Cream.

JMSE:KREMI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JMSE:KREMI Share Price ÷ EPS (both in JMD)

= 2.81 ÷ 0.09

30.11x

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

  • Caribbean Cream is overvalued based on earnings compared to the JM Food industry average.
  • Caribbean Cream is overvalued based on earnings compared to the Jamaica market.
Price based on expected Growth
Does Caribbean Cream's expected growth come at a high price?
Raw Data
JMSE:KREMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
South America Food Industry PEG Ratio Median Figure of 13 Publicly-Listed Food Companies 1.26x

*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 Caribbean Cream, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Caribbean Cream's assets?
Raw Data
JMSE:KREMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in JMD JMD1.81
JMSE:KREMI Share Price * JMSE (2020-04-01) in JMD JMD2.81
Jamaica Food Industry PB Ratio Median Figure of 10 Publicly-Listed Food Companies 2.33x
Jamaica Market PB Ratio Median Figure of 72 Publicly-Listed Companies 2.3x
JMSE:KREMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JMSE:KREMI Share Price ÷ Book Value per Share (both in JMD)

= 2.81 ÷ 1.81

1.55x

* Primary Listing of Caribbean Cream.

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

  • Caribbean Cream is good value based on assets compared to the JM Food industry average.
X
Value checks
We assess Caribbean Cream'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. Caribbean Cream has a total score of 1/6, 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.

KREMI Future Performance

 How is Caribbean Cream 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 Caribbean Cream 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
8.3%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Caribbean Cream expected to grow at an attractive rate?
  • Unable to compare Caribbean Cream's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Caribbean Cream's earnings growth to the market average as no estimate data is available.
  • Unable to compare Caribbean Cream's revenue growth to the market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JMSE:KREMI Future Growth Rates Data Sources
Data Point Source Value (per year)
South America Food Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
South America Food Industry Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
JMSE:KREMI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JMD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
JMSE:KREMI Past Financials Data
Date (Data in JMD Millions) Revenue Cash Flow Net Income *
2019-11-30 1,641 102 36
2019-08-31 1,593 75 30
2019-05-31 1,559 64 54
2019-02-28 1,553 136 89
2018-11-30 1,529 166 115
2018-08-31 1,500 173 114
2018-05-31 1,466 229 110
2018-02-28 1,373 209 90
2017-11-30 1,320 174 111
2017-08-31 1,272 109 129
2017-05-31 1,217 125 140
2017-02-28 1,214 174 176

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Caribbean Cream is high growth as no earnings estimate data is available.
  • Unable to determine if Caribbean Cream 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
JMSE:KREMI 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 0 Analyst Estimates (S&P Global) See Below

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

JMSE:KREMI Past Financials Data
Date (Data in JMD Millions) EPS *
2019-11-30 0.09
2019-08-31 0.08
2019-05-31 0.14
2019-02-28 0.23
2018-11-30 0.30
2018-08-31 0.30
2018-05-31 0.29
2018-02-28 0.24
2017-11-30 0.30
2017-08-31 0.34
2017-05-31 0.37
2017-02-28 0.47

*GAAP earnings excluding extraordinary items.

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

Next steps:

  1. Examine Caribbean Cream's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Caribbean Cream'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 Food, Beverage & Tobacco companies 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 Caribbean Cream'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 South America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the South America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Caribbean Cream 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.

KREMI Past Performance

  How has Caribbean Cream 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 Caribbean Cream's growth in the last year to its industry (Food).
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.
  • Caribbean Cream's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Caribbean Cream's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Caribbean Cream's 1-year earnings growth is negative, it can't be compared to the JM Food industry average.
Earnings and Revenue History
Caribbean Cream'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 Caribbean Cream Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JMSE:KREMI Past Revenue, Cash Flow and Net Income Data
Date (Data in JMD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 1,640.61 36.07 422.03
2019-08-31 1,593.36 29.72 409.74
2019-05-31 1,558.82 53.93 392.63
2019-02-28 1,552.90 88.68 375.15
2018-11-30 1,528.78 114.63 360.80
2018-08-31 1,499.52 113.54 343.01
2018-05-31 1,465.93 110.27 321.49
2018-02-28 1,373.28 89.76 303.63
2017-11-30 1,320.17 110.57 292.99
2017-08-31 1,271.91 129.11 280.97
2017-05-31 1,217.39 139.87 276.17
2017-02-28 1,213.55 176.19 270.09
2016-11-30 1,202.17 176.81 261.23
2016-08-31 1,189.77 196.59 253.93
2016-05-31 1,161.00 195.69 243.43
2016-02-29 1,134.93 163.74 245.51
2015-11-30 1,089.89 149.38 220.76
2015-08-31 1,067.81 123.67 215.92
2015-05-31 1,050.51 79.51 208.62
2015-02-28 1,012.86 56.77 188.42
2014-11-30 987.36 37.42 202.76
2014-08-31 939.10 37.84 181.48
2014-05-31 896.47 42.37 160.46
2014-02-28 855.57 35.08 143.08
2013-11-30 822.93 22.77 127.84
2013-08-31 790.38 2.37 115.16
2013-05-31 744.94 0.53 100.65

*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.
  • Caribbean Cream has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Caribbean Cream used its assets less efficiently than the JM Food industry average last year based on Return on Assets.
  • Caribbean Cream's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Caribbean Cream'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 Food 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.
Caribbean Cream 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.

KREMI Health

 How is Caribbean Cream'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 Caribbean Cream's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Caribbean Cream is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Caribbean Cream's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Caribbean Cream'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x 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 Caribbean Cream Company Filings, last reported 4 months ago.

JMSE:KREMI Past Debt and Equity Data
Date (Data in JMD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 733.07 140.35 55.53
2019-08-31 743.15 148.27 58.05
2019-05-31 728.45 156.17 78.20
2019-02-28 707.83 162.76 129.99
2018-11-30 715.33 167.54 149.79
2018-08-31 731.77 142.29 188.57
2018-05-31 692.86 147.02 183.11
2018-02-28 637.49 81.64 174.73
2017-11-30 639.57 86.26 144.88
2017-08-31 661.63 90.81 175.46
2017-05-31 625.99 96.30 155.61
2017-02-28 570.45 101.83 176.18
2016-11-30 555.16 107.78 176.22
2016-08-31 554.90 113.68 249.52
2016-05-31 508.50 119.57 194.67
2016-02-29 437.33 125.46 152.52
2015-11-30 410.47 131.64 91.96
2015-08-31 371.50 137.80 76.35
2015-05-31 326.00 144.00 50.76
2015-02-28 286.77 154.81 1.76
2014-11-30 261.08 167.59 1.26
2014-08-31 247.83 169.25 0.68
2014-05-31 246.48 168.72 16.81
2014-02-28 230.01 152.11 6.44
2013-11-30 224.18 143.20 10.20
2013-08-31 199.60 141.47 108.77
2013-05-31 197.25 94.40 68.14
  • Caribbean Cream's level of debt (19.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (64.1% vs 19.1% today).
  • Debt is well covered by operating cash flow (73%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess Caribbean Cream'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. Caribbean Cream 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.

KREMI Dividends

 What is Caribbean Cream'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
1.71%
Current annual income from Caribbean Cream dividends.
If you bought JMD2,000 of Caribbean Cream shares you are expected to receive JMD34 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?
  • Caribbean Cream's pays a higher dividend yield than the bottom 25% of dividend payers in Jamaica (1.28%).
  • Caribbean Cream's dividend is below the markets top 25% of dividend payers in Jamaica (3.64%).
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
JMSE:KREMI 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
Jamaica Food Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.5%
Jamaica Market Average Dividend Yield Market Cap Weighted Average of 47 Stocks 3%
Jamaica Minimum Threshold Dividend Yield 10th Percentile 0.8%
Jamaica Bottom 25% Dividend Yield 25th Percentile 1.3%
Jamaica Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

JMSE:KREMI Past Annualized Dividends Data
Date (Data in JMD) Dividend per share (annual) Avg. Yield (%)
2018-07-13 0.048 0.909
2017-07-05 0.060 1.045
2016-07-06 0.050 0.661

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

  • Whilst dividend payments have been stable, Caribbean Cream has been paying a dividend for less than 10 years.
  • Caribbean Cream has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Caribbean Cream's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x 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 Caribbean Cream's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Caribbean Cream afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Caribbean Cream 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.

KREMI Management

 What is the CEO of Caribbean Cream'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
Christopher Clarke
TENURE AS CEO 14 years
CEO Bio

Mr. Christopher A. Clarke Founded Caribbean Cream Limited in April 2006 and has been its Chief Executive Officer and Managing Director since April 2006. He also serves as its Chairman of the Board since March 1, 2020. Mr. Clarke worked as an automotive engineer for General Motors until May 2001. He serves as a Director of Caribbean Cream Limited. He graduated from The University of Michigan with a BA in Mechanical Engineering in December 1998. He holds an MBA in both Finance and Marketing at the University of Miami in May 2003.

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

Christopher Clarke

TITLE
Founder
TENURE
14 yrs

Karen Williams

TITLE
Financial Controller

Stephen Lloyd

TITLE
Chief Operations Officer

David Radlein

TITLE
Chief Marketing Officer

Dean Clarke

TITLE
Chief Sales & Distribution Officer

Fay Williams

TITLE
Human Resources Manager

Denise A. Douglas

TITLE
Company Secretary
Board of Directors Tenure

Average tenure of the Caribbean Cream board of directors in years:

8
Average Tenure
  • The tenure for the Caribbean Cream board of directors is about average.
Board of Directors

Christopher Clarke

TITLE
Founder
TENURE
0.1 yrs

Wayne Wray

TITLE
Non-Executive Director
TENURE
8 yrs

Mark McKenzie

TITLE
Non-Executive Director

Matthew Clarke

TITLE
Director
TENURE
8 yrs

Carol Clarke-Webster

TITLE
Director
TENURE
8 yrs

Michael Vaccianna

TITLE
Non-Executive Director
TENURE
6.3 yrs
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 (JMD) Value (JMD)
X
Management checks
We assess Caribbean Cream'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. Caribbean Cream 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.

KREMI News

Simply Wall St News

KREMI Company Info

Description

Caribbean Cream Limited manufactures and sells ice cream and ice cream cakes under the Kremi brand in Jamaica. It also imports and distributes various types of frozen novelties. The company distributes its products through wholesalers, retail outlets, and mobile vendors. The company was incorporated in 2006 and is headquartered in Kingston, Jamaica. Caribbean Cream Limited is a subsidiary of Scoops Unlimited Limited.

Details
Name: Caribbean Cream Limited
KREMI
Exchange: JMSE
Founded: 2006
JMD1,063,776,403
378,568,115
Website: http://www.caribcream.com
Address: Caribbean Cream Limited
3 South Road,
Kencot,
Kingston,
10,
Jamaica
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JMSE KREMI Ordinary Shares The Jamaica Stock Exchange JM JMD 21. Jul 2015
Number of employees
Current staff
Staff numbers
0
Caribbean Cream employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 18:14
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2020/01/14
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/02/28


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.