Cerved Group SpA (MEX:CERVN) Tax Rate %: -30.83% (As of Sep. 2021)

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What is Cerved Group SpA Tax Rate %?

Cerved Group SpA MEX:CERVN 8 Tax Rate % is -30.83% as of Sep. 2021. GuruFocus rates MEX:CERVN with a GF Score™ of 8/100. The stock has 8 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Cerved Group SpA's Tax Expense for the three months ended in Sep. 2021 was MXN11.01 Mil. Cerved Group SpA's Pre-Tax Income for the three months ended in Sep. 2021 was MXN-35.71 Mil. Therefore, Cerved Group SpA's Tax Rate % for the quarter that ended in Sep. 2021 was -30.83%.

Cerved Group SpA Tax Rate % Related Terms

Cerved Group SpA Tax Rate % Historical Data

* Premium members only.

The historical data trend for Cerved Group SpA's Tax Rate % 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.

Cerved Group SpA Tax Rate % Chart

Cerved Group SpA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.54 32.55 20.08 31.72 46.28

Cerved Group SpA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Tax Rate % 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 29.88 146.01 31.58 -434.86 -30.83

Cerved Group SpA Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Cerved Group SpA's Tax Rate % for the fiscal year that ended in Dec. 2020 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2020 )/Pre-Tax Income (A: Dec. 2020 )
=613.651/1325.916
=46.28 %

Cerved Group SpA's Tax Rate % for the quarter that ended in Sep. 2021 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2021 )/Pre-Tax Income (Q: Sep. 2021 )
=11.007/-35.705
=-30.83 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of -30.83% mean?
Cerved Group SpA (MEX:CERVN) has a Tax Rate % of -30.83% as of Sep. 2021.
Is Cerved Group SpA's Tax Rate % too high?
Cerved Group SpA's current Tax Rate % is -30.83%. Overall, Cerved Group SpA has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Cerved Group SpA's Tax Rate % compare to VALU?
Cerved Group SpA's Tax Rate % of -30.83% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Capital Markets company?
A good Tax Rate % depends on the Capital Markets industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Cerved Group SpA's current Tax Rate % is -30.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cerved Group SpA stock overvalued right now?
Cerved Group SpA (MEX:CERVN) has a current Tax Rate % of -30.83%. The current Tax Rate % is -30.83%. Cerved Group SpA's overall GF Score™ is 8/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Cerved Group SpA (MEX:CERVN), the current Tax Rate % is -30.83% as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Cerved Group SpA Business Description

Address Via Dell’Unione Europea, 6A, 6B, San Donato Milanese, Milan, ITA, 20097
Cerved Group SpA is a holding company that owns the Cerved Group, an Italian credit information service provider. It operates through three segments. The Risk Management segment, which accounts for the majority of the Cerved Group's revenue, offers products and services that help businesses and financial institutions to assess the credit status of their customers, business counterparties, and potential customers. The Growth Services segment offers information and analyses that help customers to understand the target market and regions, develop businesses, and improve customer satisfaction. The credit management segment assesses and manages troubled receivables and assets. It generates the majority of its revenue from the Italian domestic market.