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CF Finance Acquisition

Nasdaq:CFFA
Snowflake Description

Questionable track record with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CFFA
Nasdaq
$365M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

CF Finance Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The last earnings update was 95 days ago. More info.


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CFFA Share Price and Events
7 Day Returns
-0%
NasdaqCM:CFFA
1%
US Capital Markets
0.7%
US Market
1 Year Returns
-
NasdaqCM:CFFA
8.6%
US Capital Markets
12.9%
US Market
CFFA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CF Finance Acquisition (CFFA) -0% 0.1% - - - -
US Capital Markets 1% 6.3% 8.3% 8.6% 34.7% 60.2%
US Market 0.7% 4.4% 7.2% 12.9% 39.5% 44.7%
1 Year Return vs Industry and Market
  • No trading data on CFFA.
  • No trading data on CFFA.

Value

 Is CF Finance Acquisition 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 CF Finance Acquisition 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 CF Finance Acquisition.

NasdaqCM:CFFA 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
= $0.14 * 3.9%
$0.01
Book Value of Equity per Share Median Book Value from the past 5 years. $0.14
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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:CFFA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
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- 21%) (0.78%))
0.838
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.838 * 5.96%)
7.72%

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

The calculations below outline how an intrinsic value for CF Finance Acquisition 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:CFFA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.9% – 7.72%) * $0.14)
$-0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.01 / (7.72% - 2.73%)
$-0.11
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.14 + $-0.11
$0.03
NasdaqCM:CFFA Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.03
Current discount Discount to share price of $10.15
= -1 x ($10.15 - $0.03) / $0.03
-29883.9%

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

  • The current share price of CF Finance Acquisition 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 CF Finance Acquisition's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CF Finance Acquisition's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:CFFA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.05
NasdaqCM:CFFA Share Price ** NasdaqCM (2019-11-15) in USD $10.15
United States of America Capital Markets Industry PE Ratio Median Figure of 84 Publicly-Listed Capital Markets Companies 35.43x
United States of America Market PE Ratio Median Figure of 2,920 Publicly-Listed Companies 18.24x

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

** Primary Listing of CF Finance Acquisition.

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

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

= 10.15 ÷ 0.05

214.81x

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

  • CF Finance Acquisition is overvalued based on earnings compared to the US Capital Markets industry average.
  • CF Finance Acquisition is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does CF Finance Acquisition's expected growth come at a high price?
Raw Data
NasdaqCM:CFFA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 214.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-2.7%per year
United States of America Capital Markets Industry PEG Ratio Median Figure of 38 Publicly-Listed Capital Markets Companies 2.02x
United States of America Market PEG Ratio Median Figure of 2,029 Publicly-Listed Companies 1.46x

*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 CF Finance Acquisition, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on CF Finance Acquisition's assets?
Raw Data
NasdaqCM:CFFA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $0.14
NasdaqCM:CFFA Share Price * NasdaqCM (2019-11-15) in USD $10.15
United States of America Capital Markets Industry PB Ratio Median Figure of 155 Publicly-Listed Capital Markets Companies 6.4x
United States of America Market PB Ratio Median Figure of 5,080 Publicly-Listed Companies 1.74x
NasdaqCM:CFFA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 10.15 ÷ 0.14

72.92x

* Primary Listing of CF Finance Acquisition.

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

  • CF Finance Acquisition is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess CF Finance Acquisition'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. CF Finance Acquisition has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is CF Finance Acquisition expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover CF Finance Acquisition, future earnings growth has been estimated based on fundamentals.
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
-2.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CF Finance Acquisition expected to grow at an attractive rate?
  • CF Finance Acquisition's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CF Finance Acquisition's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare CF Finance Acquisition's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:CFFA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:CFFA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -2.7%
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:CFFA 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 USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:CFFA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 2
2019-03-31 0 1
2018-12-31 0 0
2017-12-31 0 0
2016-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CF Finance Acquisition's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if CF Finance Acquisition 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:CFFA 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 CF Finance Acquisition Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CFFA Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.05
2019-03-31 0.03
2018-12-31 0.01
2017-12-31 0.00
2016-12-31 0.00

*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 CF Finance Acquisition will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CF Finance Acquisition'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.
CF Finance Acquisition 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 CF Finance Acquisition 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 CF Finance Acquisition'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.
  • Insufficient data to establish if CF Finance Acquisition's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare CF Finance Acquisition's 1-year earnings growth to the 5-year average due to insufficient past data.
  • CF Finance Acquisition's earnings growth has exceeded the US Capital Markets industry average in the past year (2157% vs 20.6%).
Earnings and Revenue History
CF Finance Acquisition'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 CF Finance Acquisition Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:CFFA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2.20
2019-03-31 1.20
2018-12-31 0.20
2017-12-31 0.00
2016-12-31 0.00

*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.
  • CF Finance Acquisition made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if CF Finance Acquisition has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if CF Finance Acquisition improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess CF Finance Acquisition'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.
CF Finance Acquisition 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.

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

Health

 How is CF Finance Acquisition'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 CF Finance Acquisition's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CF Finance Acquisition's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CF Finance Acquisition's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CF Finance Acquisition's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CF Finance Acquisition Company Filings, last reported 4 months ago.

NasdaqCM:CFFA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 5.00 2.83 0.29
2019-03-31 5.00 2.93 0.45
2018-12-31 5.00 2.85 0.56
2017-12-31 0.04 0.04 0.05
2016-12-31 0.04 0.04 0.05
  • CF Finance Acquisition's level of debt (56.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if CF Finance Acquisition's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on CF Finance Acquisition's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess CF Finance Acquisition'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. CF Finance Acquisition has a total score of 0/6, 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 CF Finance Acquisition'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 CF Finance Acquisition dividends.
If you bought $2,000 of CF Finance Acquisition 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 CF Finance Acquisition's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate CF Finance Acquisition'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:CFFA 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1953 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America 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.

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

  • Unable to perform a dividend volatility check as CF Finance Acquisition has not reported any payouts.
  • Unable to verify if CF Finance Acquisition's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of CF Finance Acquisition's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as CF Finance Acquisition 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 CF Finance Acquisition'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 CF Finance Acquisition afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CF Finance Acquisition 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 CF Finance Acquisition'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
Howard Lutnick
AGE 57
TENURE AS CEO 4.1 years
CEO Bio

Mr. Howard W. Lutnick has been Chairman of the Board at Newmark Group, Inc. since 2016 and served as its Principal Executive Officer. He serves as Chairman at Newmark & Company Real Estate, Inc. Mr. Lutnick has been Chairman and Chief Executive Officer of CF Finance Acquisition Corp. since October 2015. Mr. Lutnick has been the Chairman and Chief Executive Officer at Rodin Income Trust, Inc. since February 2017 and has been its President since January 2018. Mr. Lutnick serves as the General Partner of Cantor Ventures. Mr. Lutnick has been the Chairman and Chief Executive Officer of Cantor Fitzgerald, L.P. since March 3, 2009. Mr. Lutnick serves as the President of CF Group Management Inc. He serves as the Chief Executive Officer at BGC Partners, L.P. He serves as the Chief Executive Officer of BGC Partners, Inc. (formerly eSpeed Inc.) and previously served as its Chief Executive Officer since December 19, 2008. Mr. Lutnick also served as President of Cantor from 1991 to 2017. He serves as the Chairman and Chief Executive Officer of Cantor Fitzgerald Securities. He joined Cantor Fitzgerald, L.P. (“Cantor Fitzgerald & Co”) in 1983. He previously served as the Chief Executive Officer and President of Cantor Fitzgerald & Co. since 1992 and as Chairman since 1996. He served as Chairman, Chief Executive Officer and President at Mint Brokers. Mr. Lutnick served as Chairman, President and Chief Executive Officer of eSpeed, Inc. He served as the President of BGC Partners, Inc. from September 2001 to April 2008 and Co-Chief Executive Officer from April 2008 to December 2008. Mr. Lutnick has been the Chairman of BGC Partners, Inc. since June 1999. Mr. Lutnick has been the Chairman of Cantor G&W (Nevada) since November 12, 2004. Mr. Lutnick serves as Chairman of The Supervisory Board of the Electronic Liquidity Exchange. He has been Chairman of Cantor Entertainment Technology, Inc. since November 12, 2004. He served as Chairman of GFI Group Inc. (“GFI”) from February 26, 2015 to January 2016. He serves as a Director of Cantor Fitzgerald & Co. He serves as a Member of the Board of Directors of the Board of Directors of the Horace Mann School. Mr. Lutnick serves as a Board Member of ADFIN Solutions, Inc. He serves as a Member of Executive Committee at Cantor Commercial Real Estate Company, L.P. He is a member of the boards of The Partnership for New York City, Inc., Haverford College, the Zachary and Elizabeth M. Fisher Center for Alzheimer's Disease Research at Rockefeller University, Intrepid Museum Foundation, National September 11 Memorial & Museum at the World Trade Center Foundation, Inc. and the Solomon Guggenheim Museum Foundation. He received the Department of the Navy's Distinguished Public Service Award, the highest honor granted by the Navy to non-military personnel. Since February 2017, Mr. Lutnick has served as Chairman of the Board and Chief Executive Officer of Rodin Global Property Trust, Inc. Mr. Lutnick graduated from Haverford College in 1983 with a degree in economics.

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

Average tenure and age of the CF Finance Acquisition management team in years:

4.1
Average Tenure
56.5
Average Age
  • The tenure for the CF Finance Acquisition management team is about average.
Management Team

Howard Lutnick

TITLE
Chairman & CEO
AGE
57
TENURE
4.1 yrs

Anshu Jain

TITLE
President & Director
AGE
56
TENURE
1.8 yrs

Steve Bisgay

TITLE
CFO & Director
AGE
52
TENURE
4.1 yrs

Stephen Merkel

TITLE
Executive VP
AGE
60
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the CF Finance Acquisition board of directors in years:

0.9
Average Tenure
56
Average Age
  • The average tenure for the CF Finance Acquisition board of directors is less than 3 years, this suggests a new board.
Board of Directors

Howard Lutnick

TITLE
Chairman & CEO
AGE
57
TENURE
4.1 yrs

Anshu Jain

TITLE
President & Director
AGE
56
TENURE
0.9 yrs

Steve Bisgay

TITLE
CFO & Director
AGE
52
TENURE
0.7 yrs

Peter Worth

TITLE
Independent Director
AGE
79
TENURE
0.9 yrs

Rob Sharp

TITLE
Independent Director
AGE
55
TENURE
0.7 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 ($) Value ($)
19. Dec 18 Buy Cantor Fitzgerald Asset Management Company 17. Dec 18 17. Dec 18 600,000 $10.00 $6,000,000
X
Management checks
We assess CF Finance Acquisition'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. CF Finance Acquisition 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

Company Info

Description

CF Finance Acquisition Corp. intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2014 and is based in New York, New York.

Details
Name: CF Finance Acquisition Corp.
CFFA
Exchange: NasdaqCM
Founded: 2014
$364,618,612
35,923,016
Website: http://
Address: CF Finance Acquisition Corp.
110 East 59th Street,
New York,
New York, 10022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CFFA Class A Common Stock Nasdaq Capital Market US USD 31. Jan 2019
NasdaqCM CFFA.U Units Nasdaq Capital Market US USD 13. Dec 2018
Number of employees
Current staff
Staff numbers
0
CF Finance Acquisition employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 00:51
End of day share price update: 2019/11/15 00:00
Last earnings filing: 2019/08/14
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.