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Central Federal

Nasdaq:CFBK
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CFBK
Nasdaq
$53M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Central Federal Corporation operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The last earnings update was 20 days ago. More info.


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CFBK Share Price and Events
7 Day Returns
-1.4%
NasdaqCM:CFBK
-14.6%
US Mortgage
-2.8%
US Market
1 Year Returns
-20.9%
NasdaqCM:CFBK
-37.4%
US Mortgage
-15.9%
US Market
CFBK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Central Federal (CFBK) -1.4% -23.8% -29.5% -20.9% -24.7% 30.4%
US Mortgage -14.6% -37.7% -42.5% -37.4% -34.5% -22.3%
US Market -2.8% -18.8% -24% -15.9% 2.8% 13.3%
1 Year Return vs Industry and Market
  • CFBK outperformed the Mortgage industry which returned -37.4% over the past year.
  • CFBK underperformed the Market in United States of America which returned -15.9% over the past year.
Price Volatility
CFBK
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Central Federal 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 Central Federal 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 Central Federal.

NasdaqCM:CFBK 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
= $11.39 * 5.4%
$0.62
Book Value of Equity per Share Median Book Value from the past 5 years. $11.39
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqCM:CFBK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.613 (1 + (1- 21%) (86.08%))
1.02
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.02 * 5.44%)
7.29%

Discounted Cash Flow Calculation for NasdaqCM:CFBK using Excess Returns Model Model

The calculations below outline how an intrinsic value for Central Federal 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.

NasdaqCM:CFBK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.4% – 7.29%) * $11.39)
$-0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.21 / (7.29% - 1.74%)
$-3.80
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $11.39 + $-3.80
$7.59
NasdaqCM:CFBK Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.59
Current discount Discount to share price of $9.90
= -1 x ($9.90 - $7.59) / $7.59
-30.5%

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

  • The current share price of Central Federal 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 Central Federal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Central Federal's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:CFBK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.05
NasdaqCM:CFBK Share Price ** NasdaqCM (2020-04-03) in USD $9.9
United States of America Mortgage Industry PE Ratio Median Figure of 120 Publicly-Listed Mortgage Companies 10.16x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.21x

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

** Primary Listing of Central Federal.

NasdaqCM:CFBK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:CFBK Share Price ÷ EPS (both in USD)

= 9.9 ÷ 2.05

4.83x

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

  • Central Federal is good value based on earnings compared to the US Mortgage industry average.
  • Central Federal is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Central Federal's expected growth come at a high price?
Raw Data
NasdaqCM:CFBK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies -0.15x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.88x

*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 Central Federal, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Central Federal's assets?
Raw Data
NasdaqCM:CFBK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $15.00
NasdaqCM:CFBK Share Price * NasdaqCM (2020-04-03) in USD $9.9
United States of America Mortgage Industry PB Ratio Median Figure of 132 Publicly-Listed Mortgage Companies 0.74x
United States of America Market PB Ratio Median Figure of 5,146 Publicly-Listed Companies 1.2x
NasdaqCM:CFBK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CFBK Share Price ÷ Book Value per Share (both in USD)

= 9.9 ÷ 15.00

0.66x

* Primary Listing of Central Federal.

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

  • Central Federal is good value based on assets compared to the US Mortgage industry average.
X
Value checks
We assess Central Federal'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 Mortgage 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 Mortgage industry average (and greater than 0)? (1 check)
  5. Central Federal has a total score of 3/6, 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 Central Federal 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 Central Federal 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
1.8%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Central Federal expected to grow at an attractive rate?
  • Unable to compare Central Federal's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Central Federal's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Central Federal's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:CFBK Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 1.8%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
NasdaqCM:CFBK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:CFBK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 33 -104 9
2019-09-30 29 -52 8
2019-06-30 26 -21 7
2019-03-31 23 -13 5
2018-12-31 21 -12 4
2018-09-30 19 -17 3
2018-06-30 17 -22 2
2018-03-31 16 -5 1
2017-12-31 14 4 1
2017-09-30 14 1 1
2017-06-30 13 4 1
2017-03-31 13 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Central Federal is high growth as no earnings estimate data is available.
  • Unable to determine if Central Federal 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
NasdaqCM:CFBK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Central Federal Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CFBK Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.05
2019-09-30 1.87
2019-06-30 1.52
2019-03-31 1.23
2018-12-31 1.02
2018-09-30 0.61
2018-06-30 0.52
2018-03-31 0.35
2017-12-31 0.21
2017-09-30 0.40
2017-06-30 0.34
2017-03-31 0.29

*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 Central Federal will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Central Federal is trading at Central Federal'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Central Federal'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 Banks companies here
  3. Central Federal's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Central Federal'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of 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.
Central Federal has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Central Federal 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 Central Federal's growth in the last year to its industry (Mortgage).
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.
  • Central Federal has delivered over 20% year on year earnings growth in the past 5 years.
  • Central Federal's 1-year earnings growth exceeds its 5-year average (116.6% vs 41.8%)
  • Central Federal's earnings growth has exceeded the US Mortgage industry average in the past year (116.6% vs 10.9%).
Earnings and Revenue History
Central Federal'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 Central Federal Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CFBK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 33.42 9.39 19.56
2019-09-30 29.01 8.22 17.46
2019-06-30 25.72 6.60 16.16
2019-03-31 23.01 5.28 15.00
2018-12-31 20.61 4.34 13.78
2018-09-30 18.70 2.59 12.61
2018-06-30 17.08 2.03 11.39
2018-03-31 15.58 1.26 10.53
2017-12-31 14.42 0.68 9.79
2017-09-30 13.62 1.17 9.43
2017-06-30 13.19 0.99 9.32
2017-03-31 12.57 0.86 8.98
2016-12-31 12.26 0.77 8.77
2016-09-30 11.76 3.82 8.57
2016-06-30 11.22 3.64 8.29
2016-03-31 11.10 3.69 8.25
2015-12-31 10.90 3.62 8.24
2015-09-30 11.14 0.53 8.32
2015-06-30 11.22 0.52 8.40
2015-03-31 10.67 0.31 8.20
2014-12-31 9.94 0.06 8.07
2014-09-30 9.03 0.77 7.80
2014-06-30 7.72 0.27 7.29
2014-03-31 6.66 -0.32 6.98
2013-12-31 5.67 -0.92 6.52
2013-09-30 4.81 -2.18 6.21
2013-06-30 4.17 1.14 6.25

*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.
  • Central Federal has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Central Federal used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Central Federal 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 Central Federal'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 Mortgage 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.
Central Federal has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Central Federal's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Central Federal'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.
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 Central Federal Company Filings, last reported 3 months ago.

NasdaqCM:CFBK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 80.66 43.84 40.63
2019-09-30 53.88 37.31 40.56
2019-06-30 50.92 33.29 36.91
2019-03-31 47.63 33.28 97.42
2018-12-31 45.56 34.28 64.64
2018-09-30 43.59 26.66 59.68
2018-06-30 42.44 24.67 33.32
2018-03-31 41.10 24.69 70.77
2017-12-31 40.26 18.71 44.95
2017-09-30 40.55 24.24 28.15
2017-06-30 40.00 18.75 34.41
2017-03-31 39.57 26.76 24.52
2016-12-31 39.29 18.78 57.90
2016-09-30 39.12 20.87 52.63
2016-06-30 38.79 27.90 13.36
2016-03-31 38.54 19.90 25.03
2015-12-31 38.31 19.87 26.12
2015-09-30 35.13 19.92 20.87
2015-06-30 34.95 19.94 29.09
2015-03-31 34.65 19.98 24.73
2014-12-31 34.51 19.97 29.04
2014-09-30 34.36 19.97 31.29
2014-06-30 29.17 18.71 20.97
2014-03-31 22.70 18.71 23.65
2013-12-31 22.86 21.68 21.14
2013-09-30 21.96 15.83 49.47
2013-06-30 22.31 15.87 36.67
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Central Federal has an acceptable proportion of non-loan assets held.
  • Central Federal's liabilities are made up of primarily low risk sources of funding.
  • Loans at Central Federal are broadly funded by customer deposits.
  • Central Federal's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Central Federal has a sufficient allowance for bad loans.
  • Central Federal has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Central Federal'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. Central Federal 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 Central Federal'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 Central Federal dividends.
If you bought $2,000 of Central Federal 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 Central Federal's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Central Federal'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
NasdaqCM:CFBK 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
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1936 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

NasdaqCM:CFBK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-11-12 0.000 0.000
2010-08-16 0.000 0.000
2010-05-14 0.000 0.000
2010-04-16 0.000 0.000
2010-03-29 0.000 0.000
2010-03-26 0.000 0.000
2009-11-16 0.000 0.000
2009-10-16 0.000 0.000
2009-08-17 0.000 0.000
2009-07-20 0.000 0.000

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

  • Unable to perform a dividend volatility check as Central Federal has not reported any payouts.
  • Unable to verify if Central Federal's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Central Federal's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Central Federal 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 Central Federal'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 Central Federal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Central Federal has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Central Federal'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
Tim O’Dell
COMPENSATION $740,960
AGE 66
TENURE AS CEO 7.7 years
CEO Bio

Mr. Timothy T. O’Dell, also known as Tim, has been the Chief Executive Officer and President of Central Federal Corporation and CFBank, National Association since August 23, 2012 and October 9, 2015 respectively. Mr. O’Dell founded Chetwood Group in 2003 and serves as its Principal. He served as the Chief Executive Officer and President at Fifth Third Bank of Central Ohio. He served as a Senior Lender and managed its commercial banking and residential and commercial real estate divisions at Fifth Third - Central Ohio for ten years. At Fifth Third’s Central Ohio affiliate, Mr. O’Dell also served as Executive Vice President and senior Lender and managed its commercial banking, residential, and commercial real estate divisions. Prior to that he managed the Asset Based Lending Division for Fifth Third Bank engaged in financing growth companies and acquisition financing. Mr. O’Dell spent 22 years at Fifth Third Bank. He has been Director of Central Federal Corporation since August 23, 2012 and CFBank, National Association since August 23. 2012. He has served on the Board of the Columbus Chamber of Commerce and The Ohio State University Medical Center and he was a founding Investor in the Ohio TechAngel Venture Fund. Mr. O’Dell is a B.B.A of Marshall University and has taken classes towards an MBA at Xavier University.

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

Average tenure and age of the Central Federal management team in years:

5
Average Tenure
65
Average Age
  • The tenure for the Central Federal management team is about average.
Management Team

Tim O’Dell

TITLE
President
COMPENSATION
$741K
AGE
66
TENURE
7.7 yrs

John Helmsdoerfer

TITLE
Executive VP
COMPENSATION
$483K
AGE
61
TENURE
7.1 yrs

Steve Nitzsche

TITLE
Senior VP & Equipment Finance Manager
TENURE
2.3 yrs

Barb Pyke

TITLE
Corporate Secretary

Paul Souleyrette

TITLE
Market President of Cincinnati Market
TENURE
2.8 yrs

Charles Standley

TITLE
VP of Commercial & Consumer Lending for Central Federal Savings & Loan Association for Wellsville
COMPENSATION
$206K
AGE
65

Deborah Jacob

TITLE
Assistant Secretary of Central Federal Bank

Laura Martin

TITLE
Assistant Secretary and Assistant Secretary of Central Federal Bank

Daniel Galeoti

TITLE
Vice President of Central Federal Bank
COMPENSATION
$100K

Dana Sutphin

TITLE
Vice President of Enterprise Risk & Internal Audit of Cfbank
Board of Directors Tenure

Average tenure and age of the Central Federal board of directors in years:

7.5
Average Tenure
67
Average Age
  • The tenure for the Central Federal board of directors is about average.
Board of Directors

Bob Hoeweler

TITLE
Chairman of the Board
COMPENSATION
$129K
AGE
72
TENURE
7.7 yrs

Tim O’Dell

TITLE
President
COMPENSATION
$741K
AGE
66
TENURE
7.7 yrs

Thomas Ash

TITLE
Independent Director
COMPENSATION
$88K
AGE
69
TENURE
22.3 yrs

Bob Milbourne

TITLE
Independent Director
COMPENSATION
$113K
AGE
72
TENURE
6.9 yrs

Jim Frauenberg

TITLE
Independent Director
COMPENSATION
$75K
AGE
44
TENURE
7.7 yrs

Ed Cochran

TITLE
Independent Director
COMPENSATION
$75K
AGE
68
TENURE
7.3 yrs

David Royer

TITLE
Independent Director
COMPENSATION
$37K
AGE
51
TENURE
1.8 yrs

John Pietrzak

TITLE
Director
AGE
46
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Central Federal 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 ($) Value ($)
12. Mar 20 Buy Timothy O’Dell Individual 10. Mar 20 10. Mar 20 1,000 $11.76 $11,760
10. Mar 20 Buy Timothy O’Dell Individual 06. Mar 20 06. Mar 20 1,000 $13.40 $13,400
23. Dec 19 Buy Castle Creek Capital LLC Company 31. Oct 19 31. Oct 19 531,299 $12.00 $6,375,588
20. Nov 19 Buy Timothy O’Dell Individual 18. Nov 19 18. Nov 19 1,000 $13.57 $13,570
18. Jun 19 Buy David Royer Individual 14. Jun 19 14. Jun 19 1,500 $12.56 $18,841
06. Jun 19 Buy Thomas Ash Individual 04. Jun 19 04. Jun 19 500 $12.51 $6,256
05. Jun 19 Buy John Helmsdoerfer Individual 03. Jun 19 03. Jun 19 250 $12.46 $3,114
30. May 19 Buy Timothy O’Dell Individual 28. May 19 28. May 19 870 $12.47 $10,847
13. May 19 Buy Timothy O’Dell Individual 09. May 19 09. May 19 1,000 $12.63 $12,630
X
Management checks
We assess Central Federal'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. Central Federal 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

If You Like EPS Growth Then Check Out Central Federal (NASDAQ:CFBK) Before It's Too Late

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Central Federal (NASDAQ:CFBK). … Central Federal maintained stable EBIT margins over the last year, all while growing revenue 51% to US$26m. … We note that Central Federal insiders spent US$124k on stock, over the last year; in contrast, we didn't see any selling.

Simply Wall St -

Our Take On Central Federal Corporation's (NASDAQ:CFBK) CEO Salary

See our latest analysis for Central Federal How Does Tim O’Dell's Compensation Compare With Similar Sized Companies? … Our data indicates that Central Federal Corporation is worth US$54m, and total annual CEO compensation is US$741k. … We compared the total CEO remuneration paid by Central Federal Corporation, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Update: Central Federal (NASDAQ:CFBK) Stock Gained 63% In The Last Three Years

For example, Central Federal Corporation (NASDAQ:CFBK) shareholders have seen the share price rise 63% over three years, well in excess of the market return (37%, not including dividends). … During the three years of share price growth, Central Federal actually saw its earnings per share (EPS) drop 1.2% per year. … Companies are not always focussed on EPS growth in the short term, and looking at how the share price has reacted, we don't think EPS is the most important metric for Central Federal at the moment.

Simply Wall St -

How Much Did Central Federal Corporation's (NASDAQ:CFBK) CEO Pocket Last Year?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Tim O’Dell's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Central Federal Corporation has a market cap of US$55m, and is paying total annual CEO compensation of US$676k.

Simply Wall St -

Did Central Federal Corporation (NASDAQ:CFBK) Insiders Buy Up More Shares?

So before you buy or sell Central Federal Corporation (NASDAQ:CFBK), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Central Federal. … In total, Central Federal insiders bought more than they sold over the last year

Simply Wall St -

Is Central Federal Corporation (NASDAQ:CFBK) Attractive At This PE Ratio?

This analysis is intended to introduce important early concepts to people who are starting to invest. … Although some investors may see this as unappealing, it is important to understand the assumptions behind the P/E ratio before making judgments. … Check out our latest analysis for Central Federal

Simply Wall St -

Should You Be Happy With Central Federal Corporation's (NASDAQ:CFBK) Performance Lately?

Assessing Central Federal Corporation's (NASDAQ:CFBK) past track record of performance is an insightful exercise for investors. … Today I will assess CFBK's recent performance announced on 30 June 2018 and evaluate these figures to its long-term trend and industry movements. … Could CFBK beat the long-term trend and outperform its industry.

Simply Wall St -

Does Central Federal Corporation's (NASDAQ:CFBK) CEO Pay Matter?

Leading Central Federal Corporation (NASDAQ:CFBK) as the CEO, Tim O’Dell took the company to a valuation of US$59.71m. … Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders.

Simply Wall St -

With An ROE Of 4.22%, Has Central Federal Corporation's (NASDAQ:CFBK) Management Done Well?

I am writing today to help inform people who are new to the stock market. … and want to begin learning the link between Central Federal Corporation (NASDAQ:CFBK)’s return fundamentals and stock market performance. … With an ROE of 4.22%, Central Federal Corporation (NASDAQ:CFBK) returned in-line to its own industry which delivered 5.71% over the past year.

Simply Wall St -

Has Central Federal Corporation (NASDAQ:CFBK) Improved Earnings Growth In Recent Times?

Today I will take a look at Central Federal Corporation's (NASDAQ:CFBK) most recent earnings update (31 March 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the mortgage industry performed. … For Central Federal, its most recent earnings (trailing twelve month) is US$1.26M, which, in comparison to the prior year's figure, has moved up by 46.39%. … Since these values are relatively short-term thinking, I’ve estimated an annualized five-year value for Central Federal's earnings, which stands at -US$96.43K This shows that, on average, Central Federal has been able to gradually improve its profits over the last few years as well.

Simply Wall St -

Company Info

Description

Central Federal Corporation operates as the bank holding company for CFBank, National Association that provides various banking products and services in the United States. The company accepts savings, retail and business checking, and money market accounts, as well as certificates of deposit. It also offers single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans; construction and land loans; and consumer loans, such as home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits, as well as other loans. In addition, the company provides Internet and mobile banking, remote deposit, and corporate treasury management services. As of December 31, 2018, it operated five branch offices located in Franklin, Hamilton, Summit, and Columbiana Counties; and a loan production office located in Franklin County; and an agency office located in Cuyahoga County, Ohio. Central Federal Corporation was founded in 1892 and is based in Worthington, Ohio.

Details
Name: Central Federal Corporation
CFBK
Exchange: NasdaqCM
Founded: 1892
$53,201,194
5,373,858
Website: http://www.CFBankonline.com
Address: Central Federal Corporation
7000 North High Street,
Worthington,
Ohio, 43085,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CFBK Common Shares Nasdaq Capital Market US USD 30. Dec 1998
Number of employees
Current staff
Staff numbers
121
Central Federal employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 04:40
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/16
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.