Recent News
On August 26, 2025 the company completed the sale of its Dun & Bradstreet stake and received $540.3 million in cash proceeds. In early August 2025 Cannae repurchased 7.6 million shares for $149 million through August 8 and the board declared a 25% dividend increase to $0.15 per share payable September 30, 2025; management indicated plans to use roughly $501 million of proceeds to repurchase at least $300 million of common shares, repay a $141 million margin loan, and retain $60 million for future dividends.
Technical Analysis
ADX at 25.23 registers as a strong trend strength reading, implying current directional conviction behind price movement without specifying direction.
DI+ stands at 18.34 and trends increasing, which reads as bullish pressure; DI- at 20.27 shows a dip-and-reversal pattern, which registers as bearish pressure—both signals indicate competing directional forces.
MACD sits at -0.05 with a peak-and-reversal trend, indicating bearish momentum; the MACD currently sits above its signal line (-0.16), registering a bullish crossover that tempers the momentum weakness.
MRO at -24.91 signals price below target and suggests upside pressure as the oscillator attempts mean reversion.
RSI near 48.9 with a peak-and-reversal pattern signals momentum pulling back toward neutral, leaving room for either consolidation or a measured bounce.
Price relations: last close $18.94 trades slightly below the 20‑day average ($19.03) and 12‑day EMA ($19.10) and below the 50‑day average ($19.71), while the 200‑day average sits at $19.06—these positions imply nearby moving averages acting as resistance. Ichimoku components place price below the cloud (Senkou A $19.84 / Senkou B $19.64), indicating overhead resistance. Bollinger bands enclose price between $18.67 and $19.40 with the super-trend lower at $18.68, providing a nearby structural support band. Volume sits near its 10‑day average, so recent moves lack a strong volume uplift.
Fundamental Analysis
Operating performance: EBIT stands at -$132,300,000 and EBITDA at -$125,900,000, producing an EBIT margin of -120.05%. That EBIT margin sits well below the industry peer range (industry peer median -16.81%; industry peer mean 30.39%). Quarter-over-quarter the EBIT margin shows a change of 867.94% and year-over-year change of -15.37%.
Profitability and cash flow: net income totaled -$238,800,000 and operating cash flow registered -$21,600,000. Free cash flow equals -$23,600,000, producing a free cash flow yield of -1.93% and free cash growth down by 4.28%.
Earnings: diluted EPS came in at -$3.75 versus an estimate of -$0.28, a miss of $3.47 and an EPS surprise of -1,239.29%.
Revenue and efficiency: total revenue reached $110,200,000 with YoY revenue growth of 2.87% and trailing asset turnover of 5.68% (asset turnover above the industry peer mean of 3.40%).
Capital structure and liquidity: cash and short-term investments equal $66,700,000 against total debt of $312,900,000 and net debt of $101,700,000. The current ratio stands at 2.78, above the industry peer mean of 2.17, while debt-to-assets measures 17.52% and debt-to-equity 22.65%.
Returns: return on equity at -17.29% and return on assets at -12.30% reflect negative operating leverage driven by large non-operating losses; return on invested capital also negative at -8.42%.
Valuation signals: price-to-book at 0.89 sits inside the industry peer range (industry peer mean 0.20; peer high 1.34), while price-to-sales at 11.12 reads materially above the industry peer mean of 0.42. Enterprise value metrics and forward multiples show distortion from negative earnings and one‑time proceeds; free cash flow yield sits below typical positive-yield comparators. WMDST values the stock as over-valued given the combination of elevated price-to-sales, negative earnings, and limited free cash flow generation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-11 |
| NEXT REPORT DATE: | 2025-11-10 |
| CASH FLOW | Begin Period Cash Flow | $ 126.2 M |
| Operating Cash Flow | $ -21.60 M | |
| Capital Expenditures | $ -2.00 M | |
| Change In Working Capital | $ 17.6 M | |
| Dividends Paid | $ -7.80 M | |
| Cash Flow Delta | $ -59.50 M | |
| End Period Cash Flow | $ 66.7 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 110.2 M | |
| Forward Revenue | $ 1.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 127.0 M | |
| Depreciation | $ 6.4 M | |
| Depreciation and Amortization | $ 6.4 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 171.1 M | |
| PROFITABILITY | ||
| Gross Profit | $ -16.80 M | |
| EBITDA | $ -125.90 M | |
| EBIT | $ -132.30 M | |
| Operating Income | $ -60.90 M | |
| Interest Income | $ 4.8 M | |
| Interest Expense | $ 3.3 M | |
| Net Interest Income | $ 1.5 M | |
| Income Before Tax | $ -135.60 M | |
| Tax Provision | $ -1.80 M | |
| Tax Rate | 1.3 % | |
| Net Income | $ -238.80 M | |
| Net Income From Continuing Operations | $ -240.50 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.28 | |
| EPS Actual | $ -3.75 | |
| EPS Difference | $ -3.47 | |
| EPS Surprise | -1239.286 % | |
| Forward EPS | $ -0.18 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.8 B | |
| Intangible Assets | $ 67.5 M | |
| Net Tangible Assets | $ 1.3 B | |
| Total Current Assets | $ 623.5 M | |
| Cash and Short-Term Investments | $ 66.7 M | |
| Cash | $ 66.7 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | $ 186.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 89.4 M | |
| Short-Term Debt | $ 106.7 M | |
| Total Current Liabilities | $ 224.5 M | |
| Net Debt | $ 101.7 M | |
| Total Debt | $ 312.9 M | |
| Total Liabilities | $ 429.1 M | |
| EQUITY | ||
| Total Equity | $ 1.4 B | |
| Retained Earnings | $ 200.1 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 21.99 | |
| Shares Outstanding | 60.202 M | |
| Revenue Per-Share | $ 1.75 | |
| VALUATION | Market Capitalization | $ 1.2 B |
| Enterprise Value | $ 1.5 B | |
| Enterprise Multiple | -11.686 | |
| Enterprise Multiple QoQ | -94.649 % | |
| Enterprise Multiple YoY | 67.574 % | |
| Enterprise Multiple IPRWA | high: 162.404 median: 34.698 CNNE: -11.686 mean: -298.618 low: -1080.758 |
|
| EV/R | 13.351 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.293 | |
| Asset To Liability | 4.162 | |
| Debt To Capital | 0.185 | |
| Debt To Assets | 0.175 | |
| Debt To Assets QoQ | 15.329 % | |
| Debt To Assets YoY | 79545.455 % | |
| Debt To Assets IPRWA | high: 0.407 median: 0.375 mean: 0.348 CNNE: 0.175 low: 0.002 |
|
| Debt To Equity | 0.227 | |
| Debt To Equity QoQ | 22.312 % | |
| Debt To Equity YoY | 87019.231 % | |
| Debt To Equity IPRWA | high: 1.539 median: 1.539 mean: 1.351 CNNE: 0.227 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.887 | |
| Price To Book QoQ | 28.883 % | |
| Price To Book YoY | 43.484 % | |
| Price To Book IPRWA | high: 1.342 CNNE: 0.887 mean: 0.2 low: 0.006 median: 0.006 |
|
| Price To Earnings (P/E) | -5.39 | |
| Price To Earnings QoQ | -48.214 % | |
| Price To Earnings YoY | -28.625 % | |
| Price To Earnings IPRWA | — | |
| PE/G Ratio | -0.05 | |
| Price To Sales (P/S) | 11.117 | |
| Price To Sales QoQ | -3.058 % | |
| Price To Sales YoY | 11.663 % | |
| Price To Sales IPRWA | high: 17.521 CNNE: 11.117 mean: 0.418 low: 0.046 median: 0.046 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | -103.352 | |
| Forward PE/G | -0.964 | |
| Forward P/S | 926.286 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 137.638 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.057 | |
| Asset Turnover Ratio QoQ | 18.965 % | |
| Asset Turnover Ratio YoY | 16.284 % | |
| Asset Turnover Ratio IPRWA | CNNE: 0.057 high: 0.039 mean: 0.034 median: 0.034 low: 0.033 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.276 | |
| CapEx To Revenue | -0.018 | |
| CapEx To Depreciation | -0.312 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.4 B | |
| Net Invested Capital | $ 1.5 B | |
| Invested Capital | $ 1.5 B | |
| Net Tangible Assets | $ 1.3 B | |
| Net Working Capital | $ 399.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.297 | |
| Current Ratio | 2.777 | |
| Current Ratio QoQ | -33.719 % | |
| Current Ratio YoY | 173.866 % | |
| Current Ratio IPRWA | high: 14.343 CNNE: 2.777 mean: 2.169 median: 2.046 low: 0.011 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -2.485 | |
| Cost Of Debt | 1.031 % | |
| Interest Coverage Ratio | -40.091 | |
| Interest Coverage Ratio QoQ | 1090.199 % | |
| Interest Coverage Ratio YoY | -52.102 % | |
| Interest Coverage Ratio IPRWA | high: 15.914 median: -0.118 mean: -6.298 CNNE: -40.091 low: -85.673 |
|
| Operating Cash Flow Ratio | -0.875 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 61.975 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -30.615 | |
| Dividend Payout Ratio | -0.033 | |
| Dividend Rate | $ 0.13 | |
| Dividend Yield | 0.006 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -14.816 % | |
| Revenue Growth | 6.783 % | |
| Revenue Growth QoQ | -211.27 % | |
| Revenue Growth YoY | 2.866 % | |
| Revenue Growth IPRWA | high: 74.758 % median: 30.374 % mean: 22.802 % CNNE: 6.783 % low: -87.96 % |
|
| Earnings Growth | 107.182 % | |
| Earnings Growth QoQ | -25.874 % | |
| Earnings Growth YoY | 11.575 % | |
| Earnings Growth IPRWA | — | |
| MARGINS | ||
| Gross Margin | -15.245 % | |
| Gross Margin QoQ | 686.636 % | |
| Gross Margin YoY | -368.492 % | |
| Gross Margin IPRWA | high: 93.583 % mean: 68.877 % median: 66.078 % low: 14.051 % CNNE: -15.245 % |
|
| EBIT Margin | -120.054 % | |
| EBIT Margin QoQ | 867.943 % | |
| EBIT Margin YoY | -15.374 % | |
| EBIT Margin IPRWA | high: 300.802 % mean: 30.39 % low: -16.806 % median: -16.806 % CNNE: -120.054 % |
|
| Return On Sales (ROS) | -55.263 % | |
| Return On Sales QoQ | 345.562 % | |
| Return On Sales YoY | -61.045 % | |
| Return On Sales IPRWA | high: 57.541 % mean: 10.97 % median: -3.179 % low: -26.302 % CNNE: -55.263 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -23.60 M | |
| Free Cash Flow Yield | -1.926 % | |
| Free Cash Flow Yield QoQ | -416.776 % | |
| Free Cash Flow Yield YoY | 91.833 % | |
| Free Cash Flow Yield IPRWA | high: 4.394 % mean: 0.989 % low: -0.64 % median: -0.64 % CNNE: -1.926 % |
|
| Free Cash Growth | -427.778 % | |
| Free Cash Growth QoQ | 185.185 % | |
| Free Cash Growth YoY | 525.727 % | |
| Free Cash Growth IPRWA | high: -5.403 % median: -36.308 % mean: -55.95 % low: -261.338 % CNNE: -427.778 % |
|
| Free Cash To Net Income | 0.099 | |
| Cash Flow Margin | -178.312 % | |
| Cash Flow To Earnings | 0.823 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -12.302 % | |
| Return On Assets QoQ | 135.445 % | |
| Return On Assets YoY | 91.829 % | |
| Return On Assets IPRWA | high: 1.146 % median: 0.634 % mean: 0.624 % low: -0.37 % CNNE: -12.302 % |
|
| Return On Capital Employed (ROCE) | -8.474 % | |
| Return On Equity (ROE) | -0.173 | |
| Return On Equity QoQ | 163.12 % | |
| Return On Equity YoY | 111.98 % | |
| Return On Equity IPRWA | high: 0.026 median: 0.026 mean: 0.025 low: -0.005 CNNE: -0.173 |
|
| DuPont ROE | -15.399 % | |
| Return On Invested Capital (ROIC) | -8.423 % | |
| Return On Invested Capital QoQ | 1474.393 % | |
| Return On Invested Capital YoY | -103.398 % | |
| Return On Invested Capital IPRWA | high: 12.778 % mean: 0.686 % median: -0.098 % low: -0.707 % CNNE: -8.423 % |
|