Critical Review: Churchill Capital Corp IX (CCIX) versus Its Competitors

Churchill Capital Corp IX (NASDAQ:CCIX) is one of 78 publicly-traded companies in the “UNCLASSIFIED” industry, but how does it contrast to its competitors? We will compare Churchill Capital Corp IX to related companies based on the strength of its dividends, risk, analyst recommendations, institutional ownership, valuation, earnings and profitability.

Volatility and Risk

Churchill Capital Corp IX has a beta of -0.05, suggesting that its stock price is 105% less volatile than the S&P 500. Comparatively, Churchill Capital Corp IX’s competitors have a beta of 0.04, suggesting that their average stock price is 96% less volatile than the S&P 500.

Dividends

Churchill Capital Corp IX pays an annual dividend of $0.20 per share and has a dividend yield of 1.9%. Churchill Capital Corp IX pays out 90.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “UNCLASSIFIED” companies pay a dividend yield of 1.9% and pay out 90.9% of their earnings in the form of a dividend.

Valuation & Earnings

This table compares Churchill Capital Corp IX and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Churchill Capital Corp IX	N/A	$8.56 million	49.05
Churchill Capital Corp IX Competitors	$36.22 million	-$48.48 million	73.54

Churchill Capital Corp IX’s competitors have higher revenue, but lower earnings than Churchill Capital Corp IX. Churchill Capital Corp IX is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Institutional and Insider Ownership

53.9% of shares of all “UNCLASSIFIED” companies are held by institutional investors. 21.6% of Churchill Capital Corp IX shares are held by insiders. Comparatively, 43.1% of shares of all “UNCLASSIFIED” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Churchill Capital Corp IX and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Churchill Capital Corp IX	1	0	0	0	1.00
Churchill Capital Corp IX Competitors	506	237	202	3	1.69

As a group, “UNCLASSIFIED” companies have a potential upside of 69.53%. Given Churchill Capital Corp IX’s competitors stronger consensus rating and higher probable upside, analysts clearly believe Churchill Capital Corp IX has less favorable growth aspects than its competitors.

Profitability

This table compares Churchill Capital Corp IX and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Churchill Capital Corp IX	N/A	-95.26%	2.81%
Churchill Capital Corp IX Competitors	-400.93%	-247.11%	-56.39%

Summary

Churchill Capital Corp IX competitors beat Churchill Capital Corp IX on 9 of the 13 factors compared.

Churchill Capital Corp IX Company Profile

Coleman Cable, Inc. (Coleman) is a designer, developer, manufacturer and supplier of electrical wire and cable products for consumer, commercial and industrial applications, with operations primarily in the United States and in Honduras and Canada. The Company’s wire and cable products enable it to offer its customers a single source for many of their wire and cable product requirements. It manufactures its products in 10 domestic manufacturing locations and supplement its domestic production with both international and domestic sourcing. It sells its products to more than 8,000 active customers in end markets. It operates in three segments: Distribution, OEM, and Other. On April 1, 2011, the Company acquired The Designers Edge. On April 29, 2011, the Company acquired certain assets of First Capitol Wire and Cable (FCWC) and Continental Wire and Cable (CWC). On May 16, 2011, the Company acquired Technology Research Corporation (TRC). In May 2012, the Company acquired Watteredge, Inc.