公司概述
Cannae Holdings, Inc. operates as a principal investment firm that primarily allocates capital into restaurants, technology-enabled healthcare services, financial services, and other sectors, taking both minority and majority stakes in these portfolio companies. The company is classified within the Consumer Cyclical sector and specifically within the Restaurants industry, positioning it as an entity whose performance is closely tied to discretionary consumer spending and dining trends. With a total market capitalization of $644.68M and an annual revenue (TTM) of $423.60M, the firm employs a workforce of 6,602 individuals, reflecting a significant operational footprint. These valuation and revenue figures indicate that Cannae Holdings manages a substantial asset base, yet the negative net income suggests that current operations or portfolio investments are generating losses that counteract the scale of its revenue generation.
财务健康
The company reported a revenue of $423.60M for the trailing twelve months, yet it recorded a net income of $-415,300,000 and an EBITDA of $-84,300,000, revealing a severe structural gap where operational costs and investment charges far exceed total revenue. The free cash flow stands at $-22,362,500, indicating that the company is currently burning cash rather than generating liquidity, which limits its immediate financial flexibility to fund operations or acquisitions without external capital. Margin analysis shows a gross margin of -1.9%, an operating margin of -0.7%, and a profit margin of -121.2%, all of which indicate that the company's cost structure is currently unsustainable and that profitability has been completely eroded by expenses or investment write-downs. On the balance sheet, the company holds $182.00M in cash against $209.00M in total debt, resulting in a debt-to-equity ratio of 21.09, which signifies a highly leveraged position where liabilities significantly outweigh equity and cash reserves. Despite the debt load, the current ratio of 2.07 suggests that the company maintains adequate short-term liquidity to cover its immediate obligations. Return on Equity is -30.4% and Return on Assets is -3.4%, metrics that collectively reveal that management effectiveness is currently negative, as the firm is destroying value for shareholders and utilizing assets inefficiently.
估值评估
The trailing P/E ratio is listed as N/A due to the negative earnings, while the forward P/E is -7.36, implying that the market is pricing in a continued expectation of negative earnings or a restructuring of the earnings trajectory rather than a standard growth multiple. The price-to-book ratio is 0.57, indicating that the stock is trading at a significant discount to its book value, which often suggests the market views the company's assets as overvalued on the books or anticipates further value destruction. Alternative valuation metrics such as the price-to-sales ratio of 1.52 and an EV/EBITDA of -6.78 further highlight the disconnect between current market price and traditional profitability measures, suggesting the valuation relies heavily on asset backing rather than earnings power. Over the last year, the stock price has fluctuated between a 52-week high of $21.96 and a 52-week low of $10.46, with the current trading price situated well below the yearly peak, reflecting a sustained downtrend in investor sentiment. The beta of 1.10 indicates that the stock exhibits higher volatility than the broader market, meaning price swings are amplified relative to general market movements, adding to the risk profile for risk-averse participants.
Growth & Income
Revenue growth year-over-year has declined by -6.0%, while earnings growth is N/A due to the absence of positive earnings, indicating that the company is contracting in terms of top-line sales and is unable to generate positive earnings growth. The dividend yield is reported at 4.8% with a payout ratio of 0.0%, which presents a unique anomaly where the company pays a yield despite having no earnings to fund it, suggesting the dividend is likely unsustainable or supported by the cash balance rather than operational profits. Since the payout ratio is 0.0%, the company is technically not reinvesting earnings into growth because it is not generating distributable earnings, but rather distributing capital in a manner that does not align with traditional payout logic. The overall growth and income profile is characterized by negative revenue expansion, negative earnings generation, and a dividend structure that lacks a sustainable earnings foundation, creating a challenging fundamental environment for long-term capital appreciation.