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Cannae Holdings (Cannae Holdings) ROE % : -15.61% (As of Mar. 2024)


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What is Cannae Holdings ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Cannae Holdings's annualized net income for the quarter that ended in Mar. 2024 was $-359.6 Mil. Cannae Holdings's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was $2,303.4 Mil. Therefore, Cannae Holdings's annualized ROE % for the quarter that ended in Mar. 2024 was -15.61%.

The historical rank and industry rank for Cannae Holdings's ROE % or its related term are showing as below:

CNNE' s ROE % Range Over the Past 10 Years
Min: -16.21   Med: 0.57   Max: 67.81
Current: -16.21

During the past 9 years, Cannae Holdings's highest ROE % was 67.81%. The lowest was -16.21%. And the median was 0.57%.

CNNE's ROE % is ranked worse than
83.64% of 330 companies
in the Restaurants industry
Industry Median: 8.27 vs CNNE: -16.21

Cannae Holdings ROE % Historical Data

The historical data trend for Cannae Holdings's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cannae Holdings ROE % Chart

Cannae Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial Premium Member Only 5.92 67.81 -8.07 -14.14 -12.43

Cannae Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.60 -13.12 -25.26 -11.00 -15.61

Competitive Comparison of Cannae Holdings's ROE %

For the Restaurants subindustry, Cannae Holdings's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cannae Holdings's ROE % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Cannae Holdings's ROE % distribution charts can be found below:

* The bar in red indicates where Cannae Holdings's ROE % falls into.



Cannae Holdings ROE % Calculation

Cannae Holdings's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=-313.4/( (2718.8+2324.5)/ 2 )
=-313.4/2521.65
=-12.43 %

Cannae Holdings's annualized ROE % for the quarter that ended in Mar. 2024 is calculated as

ROE %=Net Income (Q: Mar. 2024 )/( (Total Stockholders Equity (Q: Dec. 2023 )+Total Stockholders Equity (Q: Mar. 2024 ))/ count )
=-359.6/( (2324.5+2282.3)/ 2 )
=-359.6/2303.4
=-15.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. ROE % is displayed in the 30-year financial page.


Cannae Holdings  (NYSE:CNNE) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-359.6/2303.4
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-359.6 / 442.8)*(442.8 / 2648.25)*(2648.25 / 2303.4)
=Net Margin %*Asset Turnover*Equity Multiplier
=-81.21 %*0.1672*1.1497
=ROA %*Equity Multiplier
=-13.58 %*1.1497
=-15.61 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2024 )
=Net Income/Total Stockholders Equity
=-359.6/2303.4
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-359.6 / -198.8) * (-198.8 / -162.4) * (-162.4 / 442.8) * (442.8 / 2648.25) * (2648.25 / 2303.4)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.8089 * 1.2241 * -36.68 % * 0.1672 * 1.1497
=-15.61 %

Note: The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Cannae Holdings ROE % Related Terms

Thank you for viewing the detailed overview of Cannae Holdings's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Cannae Holdings (Cannae Holdings) Business Description

Traded in Other Exchanges
Address
1701 Village Center Circle, Las Vegas, NV, USA, 89134
Cannae Holdings Inc is a holding company that manages and operates a group of companies and investments. The company's reportable segments are Restaurant Group, Dun & Bradstreet, Sightline, Paysafe, Alight, Corporate and Other Affiliate Elimination.
Executives
Richard N Massey director 900 S. SHACKLEFORD ROAD, SUITE 401, LITTLE ROCK AR 72211
Curley Charles R Jr. officer: EVP, General Counsel 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89135
Ryan R. Caswell officer: President 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Peter T Sadowski officer: EVP, Chief Legal Officer FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Barry B Moullet director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Bryan D. Coy officer: Chief Financial Officer 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
David Aung director 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Frank R Martire director CANNAE HOLDING, INC., 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Michael L Gravelle officer: EVP, Corp. Sect'y & Genl. Coun 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Brent B Bickett officer: President FIDELITY NATIONAL FINANCIAL, INC., 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Richard L. Cox officer: Executive Vice President 601 RIVERSIDE AVENUE, JACKSONVILLE FL 32204
Frank P Willey director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Erika Meinhardt director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Hugh R Harris director 1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 89134
Mark David Linehan director 5330 DEBBIE ROAD, SUITE 100, SANTA BARBARA CA 93111