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Cannae Holdings, Inc.
Cannae Holdings, Inc. (NYSE: CNNE) principally acquires operating company interests and actively manages and operates a core group of those companies. Its primary assets as of December 31, 2021, include ownership interests in Dun & Bradstreet Holdings, Inc. (D&B), Ceridian HCM Holding, Inc. (Ceridian), Alight, Inc. (Alight), Paysafe Limited (Paysafe), Sightline Payments Holdings, LLC (Sightline), Optimal Blue Holdco, LLC (Optimal Blue), and AmeriLife Group, LLC (AmeriLife); majority equity ownership stakes in O'Charley's Holdings, LLC (O'Charley's) and 99 Restaurants Holdings, LLC (99 Restaurants); and various other controlled portfolio companies and particular minority equity ownership interests.
Why should Investors make an Exit?
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
CNNE's stock price has remained in a bearish trend throughout the year, fallen 39.16% in the past twelve months and is currently leaning towards the lower end of its 52-week range of USD 22.83 to USD 42.35. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 22.00.
Considering the falling trend of the stock price, industry lagging margins, bottom line stress, macro headwinds, current valuation, other technical indicators, we recommend a "Sell" rating on the stock at the current price of USD 24.17, up 1.05% as of April 01, 2022, at 06:45 AM PDT.
Three-Year Technical Price Chart (as of April 01, 2022, at 6:45 AM PDT). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.