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Last €9.61 EUR
Change Today -0.082 / -0.85%
Volume 0.0
CE9 On Other Exchanges
Symbol
Exchange
Toronto
New York
As of 10:01 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

cae inc (CE9) Snapshot

Open
€9.60
Previous Close
€9.69
Day High
€9.66
Day Low
€9.59
52 Week High
04/28/15 - €11.68
52 Week Low
08/24/15 - €8.66
Market Cap
2.6B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
268.6M
EX-Date
09/11/15
P/E TM
--
Dividend
€0.30
Dividend Yield
2.09%
Current Stock Chart for CAE INC (CE9)

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cae inc (CE9) Details

CAE Inc., together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. The company operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; and a range of ab initio pilot training and crew sourcing services, as well as curriculum development, courseware solutions, and consulting services. It also develops civil flight simulation equipment, including full-flight simulators, integrated procedures trainers, flight training devices, and training tools, such as software, courses, and training aids. This segment serves aircraft manufacturers, commercial airlines, regional airlines, business aircraft operators, civil helicopter operators, third-party training centers, flight training organizations, maintenance repair and overhaul organizations, and aircraft finance leasing companies. The Defence and Security segment offers integrated virtual flight training solutions; simulation products and training systems; training support services comprising contractor logistics support, maintenance services, classroom instruction, and simulator training; and modeling and simulation-based professional services consisting of systems engineering and lifecycle management. This segment serves defense forces, original equipment manufacturers (OEMs), land and naval forces, and government and civil security organizations. The Healthcare segment provides simulators, simulation center management solutions, and courseware for hospital and university simulation centers, medical and nursing schools, paramedic organizations, defense forces, medical societies, and OEMs. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in June 1993. CAE Inc. was founded in 1947 and is headquartered in Saint-Laurent, Canada.

8,000 Employees
Last Reported Date: 08/12/15
Founded in 1947

cae inc (CE9) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$860.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$395.0K
Group President of Defence and Security
Total Annual Compensation: C$420.2K
Group President of Civil Aviation Training So...
Total Annual Compensation: C$409.5K
Chief Compliance Officer, General Counsel, Me...
Total Annual Compensation: C$373.5K
Compensation as of Fiscal Year 2015.

cae inc (CE9) Key Developments

CAE Inc. Elects Margaret S. Billson as Director; Approves Quarterly Dividend

CAE Inc. announced that at the annual meeting of shareholders held on August 12, 2015 elected Margaret S. Billson as director. The company's Board of Directors has approved a half cent increase to the company's quarterly dividend, which becomes 7.5 cents per share, effective September 30, 2015 to shareholders of record at the close of business on September 15, 2015.

CAE to Cut 350 People Out of Global Workforce

CAE announced that it is planning to cut 350 people out of its global workforce over the coming year, mostly in Montreal where the company has its head office and production facility. The job cuts representing about 4% of its 8,000 employees are part of efforts by the flight simulator and training company to improve its production processes and revamp its business focus.

CAE Approves to Pay Quarterly Dividend Effective September 30, 2015; Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Earnings Guidance for the Year of 2015

The Board of Directors of CAE has approved a half cent increase to the company's quarterly dividend, which becomes 7.5 cents per share, effective September 30, 2015 to shareholders of record at the close of business on September 15, 2015. The company reported consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported revenue of CAD 557 million compared to CAD 526.2 million a year ago. Operating profit was CAD 73.5 million compared to CAD 71.7 million a year ago. Earnings before income taxes were CAD 54.8 million compared to CAD 55.2 million a year ago. Earnings from continuing operations were CAD 45 million or CAD 0.17 per basic and diluted share compared to CAD 43.6 million or CAD 0.17 per basic and diluted share a year ago. Net income attributable to equity holders of the company was CAD 44.4 million or CAD 0.17 per basic and diluted share compared to CAD 41.8 million or CAD 0.16 per basic and diluted share a year ago. Net cash used in operating activities was CAD 46.4 million compared to net cash provided by operating activities of CAD 2.8 million a year ago. Capital expenditures for property, plant and equipment was CAD 23.6 million compared to CAD 39.7 million a year ago. Net debt ended at CAD 1,006.8 million this quarter, compared to CAD 949.6 million last quarter. Growth and maintenance capital expenditures totaled CAD 23.6 million for the quarter compared to CAD 39.7 million in the first quarter last year. Excluding CAD 5.7 million (net after-tax) restructuring costs incurred this quarter related to the transformation of CAE's production processes and product offering currently underway, net income before restructuring costs was CAD 50.6 million (CAD 0.19 per share), up 16% from the same period last year. Free cash flow was negative CAD 61.2 million for the quarter, mainly attributable to a high investment in noncash working capital typically seen in first quarter. Net debt was CAD 1.006 billion compared to CAD 950 million last quarter. The company continues to expect growth in fiscal 2016 across all business segments, with a stronger second half of the fiscal year. In Civil, the company expects annual operating margins to improve from the 16.3% level reached last year on higher training utilization, and to have FFS unit sales in the range of the fiscal 2015 number. In Defence, it expects modest growth with operating margins in the 12-13% range. CAE continues to anticipate higher returns on capital employed going forward as it fills training centre capacity, undertakes a greater share of its customers' training activities, and incrementally invests in accretive, customer-driven growth opportunities.

 

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Industry Analysis

CE9

Industry Average

Valuation CE9 Industry Range
Price/Earnings 17.8x
Price/Sales 1.6x
Price/Book 2.2x
Price/Cash Flow 17.7x
TEV/Sales 0.9x
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