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Cimpress Plc
CMPR
Commercial Printing
Mkt Cap
$2.161BPE
24.70Debt
$1.626BCash
$154.3MEV
$3.633BFCF
$226.7MP/E Ratio
24.70Debt
$1.626BCash
$154.3MEV
$3.633BFCF
$226.7MCharts data: {"Earnings":[{"time":"2014-06-29","value":43316000},{"time":"2015-06-29","value":89312000},{"time":"2016-06-29","value":50411000},{"time":"2017-06-29","value":-72199000},{"time":"2018-06-29","value":43733000},{"time":"2019-06-29","value":93480000},{"time":"2020-06-29","value":83365000},{"time":"2021-06-29","value":-77711000},{"time":"2022-06-29","value":-54331000},{"time":"2023-06-29","value":-185978000}],"Sales":[{"time":"2014-06-29","value":1270236000},{"time":"2015-06-29","value":1494206000},{"time":"2016-06-29","value":1788044000},{"time":"2017-06-29","value":2141095000},{"time":"2018-06-29","value":2613545000},{"time":"2019-06-29","value":2751076000},{"time":"2020-06-29","value":2481358000},{"time":"2021-06-29","value":2592513000},{"time":"2022-06-29","value":2887555000},{"time":"2023-06-29","value":3079627000}],"Net Margins":[{"time":"2014-06-29","value":0.034100749781930284},{"time":"2015-06-29","value":0.05977221346989638},{"time":"2016-06-29","value":0.02819337779159797},{"time":"2017-06-29","value":-0.033720596236972204},{"time":"2018-06-29","value":0.01673321102181137},{"time":"2019-06-29","value":0.0339794320476788},{"time":"2020-06-29","value":0.03359652254934596},{"time":"2021-06-29","value":-0.029975163094649863},{"time":"2022-06-29","value":-0.01881557234407656},{"time":"2023-06-29","value":-0.06038978097022789}],"Assets":[{"time":"2014-06-29","value":988985000},{"time":"2015-06-29","value":1308242000},{"time":"2016-06-29","value":1463869000},{"time":"2017-06-29","value":1679869000},{"time":"2018-06-29","value":1652217000},{"time":"2019-06-29","value":1868376000},{"time":"2020-06-29","value":1815006000},{"time":"2021-06-29","value":2182498000},{"time":"2022-06-29","value":2167672000},{"time":"2023-06-29","value":1854859000}],"Stockholders Equity":[{"time":"2014-06-29","value":232457000},{"time":"2015-06-29","value":249419000},{"time":"2016-06-29","value":166076000},{"time":"2017-06-29","value":75212000},{"time":"2018-06-29","value":93947000},{"time":"2019-06-29","value":131812000},{"time":"2020-06-29","value":-407476000},{"time":"2021-06-29","value":449371000},{"time":"2022-06-29","value":-494922000},{"time":"2023-06-29","value":-622686000}],"ROE":[{"time":"2014-06-29","value":0.18633983919606636},{"time":"2015-06-29","value":0.3580801783344493},{"time":"2016-06-29","value":0.30354175196897804},{"time":"2017-06-29","value":-0.9599399032069351},{"time":"2018-06-29","value":0.4655071476470776},{"time":"2019-06-29","value":0.7091918793433072},{"time":"2020-06-29","value":-0.20458873651454318},{"time":"2021-06-29","value":-0.1729328327818217},{"time":"2022-06-29","value":0.10977689413685389},{"time":"2023-06-29","value":0.2986705980221171}],"ROA":[{"time":"2014-06-29","value":0.08687088277375289},{"time":"2015-06-29","value":0.07362857942185008},{"time":"2016-06-29","value":0.0534152987733192},{"time":"2017-06-29","value":-0.027205692824857176},{"time":"2018-06-29","value":0.09550803556675666},{"time":"2019-06-29","value":0.08756642131990564},{"time":"2020-06-29","value":0.0308368126606744},{"time":"2021-06-29","value":0.05659111715108101},{"time":"2022-06-29","value":0.021819721802929595},{"time":"2023-06-29","value":0.03089668810405535}]}
Cimpress plc provides various mass customization of printing and related products in North America, Europe, and internationally. The company operates through five segments: Vistaprint, PrintBrothers, The Print Group, National Pen, and All Other Businesses. It offers printed and digital marketing products; internet-based canvas-print wall décor, business signage, and other printed products; business cards; and marketing materials, such as flyers and postcards, digital and marketing services, writing instruments, decorated apparel, promotional products and gifts, packaging, design services, textiles, and magazines and catalogs. The company also manufactures and markets custom writing instruments and promotional products, apparels, and gifts; and provides professional desktop publishing skill sets for local printers, print resellers, graphic artists, advertising agencies, and other customers. In addition, it offers graphic design services, do-it-yourself (DIY) design services, website services, and corporate solutions under the VistaPrint, VistaCreate, 99designs by Vista, Vista Corporate Solutions, and Vista x Wix brand names; and online printing solutions. Further, the company provides promotional and packaging products, logo apparel, books and magazines, wall decors, photo merchandise, invitations and announcements, and other categories; and website design and hosting, and email marketing services, as well as order referral and other third-party offerings. The company serves various businesses, graphic designers, resellers, and printers, as well as teams, associations, groups, consumers, and families. Cimpress plc was founded in 1994 and is based in Dundalk, Ireland.
Sector
DCF
Discounted Cash Flow Valuation of Cimpress Plc
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $226.7M | $230.1M | $233.6M | $237.1M | $240.7M | $244.3M | $248M | $251.8M | $255.6M | $259.4M | $263.3M | $2.633B |
| DCF | $200.1M | $176.6M | $155.9M | $137.6M | $121.5M | $107.2M | $94.65M | $83.54M | $73.74M | $65.09M | $650.9M | |
| Value | $1.867B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 8.6%
Earnings Stability -55%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 6% | 2.8% | -3.4% | 1.7% | 3.4% | 3.4% | -3% | -1.9% | -6% | 2.7% |
| ROA | 7.4% | 5.3% | -2.7% | 9.6% | 8.8% | 3.1% | 5.7% | 2.2% | 3.1% | 13% |
| ROE | 36% | 30% | -96% | 47% | 71% | -20% | -17% | 11% | 30% | -14% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -0.41%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is -1.74%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +5.39%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is -1.41%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +20.09%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -7.43%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 3.41 | 4.24 | 11.04 | 6.84 | 4.29 | 4.98 | 7.83 | 10.37 | 21.76 | 7.17 |
| Debt Equity | 2.10 | 4.26 | 12.12 | 9.57 | 8.47 | -3.52 | 3.95 | -3.47 | -2.67 | -2.56 |
| MIN | ||||||||||
| Graham Stability | - | - | -120% | 100% | 100% | 100% | -110% | -160% | - | -160% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 7.17.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 2.73.
What is the Graham’s Stability?
Graham’s Stability measure stands at -1.64.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 06-2016 | 06-2018 | 06-2020 | 06-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 8.1% | 3.3% | 7.5% | 6.7% | -2.2% |
| Net Income | - | - | - | - | -3.3% |
| Stockholders Equity | - | - | - | - | 12% |
| FCF | -11% | -10% | -36% | -54% | -12% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +3.34%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -2.19%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -3.33%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +12.43%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -10.25%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -11.9%.