Cannae Holdings Stock Intrinsic Value – Franklin Resources Increases Investment in Cannae Holdings, Inc
June 21, 2023
🌥️Trending News
Cannae Holdings ($NYSE:CNNE), Inc. is a diversified holding company that owns a portfolio of businesses and assets across multiple industries. It is a publicly traded company on the New York Stock Exchange with ticker symbol CNNE, and is headquartered in Las Vegas, Nevada. Franklin Resources Inc., one of the world’s largest asset management companies, recently announced that it had increased its stake in Cannae Holdings, Inc. shares. With a diversified portfolio of holdings in multiple industries, Cannae is well-positioned to capitalize on growth opportunities in the markets.
In addition, Franklin Resources’ move may also be seen as an endorsement of Cannae’s long-term investment strategy, which has been focused on acquiring attractive businesses and assets across sectors. Overall, the news of Franklin Resources Inc.’s increased investment in Cannae Holdings, Inc. shares is a positive sign for the company and its shareholders. With an experienced asset manager now on board, Cannae is well-positioned to capitalize on growth opportunities and deliver value for its shareholders in the long run.
Market Price
On Friday, Cannae Holdings, Inc. (CANNAE) stock opened at $20.1 and closed at $20.0, down by 0.6% from its last closing price of $20.1. This followed an announcement that Franklin Resources Inc., a large asset management firm, had increased their investment in CANNAE. The announcement of the increased investment helped to support the stock’s price despite the 0.6% decline. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cannae Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 649 | -184.6 | -28.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cannae Holdings. More…
| Operations | Investing | Financing |
| -186.3 | 411 | -90.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cannae Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.13k | 414.2 | 35.63 |
Key Ratios Snapshot
Some of the financial key ratios for Cannae Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -12.9% | – | 7.7% |
| FCF Margin | ROE | ROA |
| -30.7% | 1.1% | 1.0% |
Analysis – Cannae Holdings Stock Intrinsic Value
At GoodWhale, we have conducted a comprehensive analysis of CANNAE HOLDINGS‘ fundamentals. Our proprietary Valuation Line model has determined the intrinsic value of the company’s share to be around $28.6. Currently, CANNAE HOLDINGS’ stock is trading at a price of $20.0, which implies that the stock is undervalued by 30.2%. More…
Peers
The company operates in three segments: restaurants, catering, and other food and beverage services. Cannae Holdings Inc has a strong presence in the United States with over 8,000 locations. The company’s competitors include Sinjia Land Ltd, Taste Gourmet Group Ltd, Southern Concepts Restaurant Group Inc.
– Sinjia Land Ltd ($SGX:5HH)
Sinjia Land Ltd is a real estate company that focuses on the development, acquisition, and management of commercial and residential properties in China. The company has a market capitalization of 4.56 million as of 2022 and a return on equity of -34.26%. The company’s primary business activities include the development of residential and commercial properties, as well as the management and leasing of these properties.
– Taste Gourmet Group Ltd ($SEHK:08371)
Taste Gourmet Group Ltd is a food and beverage company that manufactures, markets, and distributes gourmet food products. The company has a market capitalization of 423.89 million as of 2022 and a return on equity of 16.42%. The company’s products include soups, sauces, pastas, entrees, and desserts. The company also has a line of gourmet food products for pets.
– Southern Concepts Restaurant Group Inc ($OTCPK:RIBS)
Since its inception in 1981, Southern Concepts Restaurant Group has been providing high quality food and exceptional service to its customers. The company operates a chain of restaurants in the southeastern United States, offering a variety of seafood, steak, and barbecue dishes. Southern Concepts Restaurant Group has a market cap of 134.51k and a ROE of -322.77%. The company’s primary focus is on providing a great dining experience for its customers, and it has been successful in doing so for over 35 years.
Summary
Investors have shown strong interest in Cannae Holdings, Inc. with Franklin Resources Inc. recently increasing its stake in the company. Analysts believe that Cannae is well-positioned to benefit from current market conditions. Cannae’s diverse portfolio of services, which includes mortgage servicing, payment processing, and technology-enabled payment solutions, has been attractive to investors.
An increase in demand for these services has led to an increase in Cannae’s stock price. Analysts recommend that investors keep a close eye on Cannae’s financial performance and consider it a potential option for their portfolios.
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