View Future GrowthCentrica 과거 순이익 실적과거 기준 점검 0/6Centrica은 연평균 12.6%의 비율로 수입이 증가해 온 반면, Integrated Utilities 산업은 연평균 11.1%의 비율로 증가했습니다. 매출은 연평균 7.9%의 비율로 증가했습니다.핵심 정보12.55%순이익 성장률13.16%주당순이익(EPS) 성장률Integrated Utilities 산업 성장률8.06%매출 성장률7.89%자기자본이익률-1.46%순이익률-0.37%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Feb 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: UK£0.015 loss per share (down from UK£0.26 profit in FY 2024). Revenue: UK£19.5b (down 2.1% from FY 2024). Net loss: UK£72.0m (down 105% from profit in FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Reported Earnings • Jul 25First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: UK£0.051 loss per share (down from UK£0.25 profit in 1H 2024). Revenue: UK£10.1b (down 4.0% from 1H 2024). Net loss: UK£251.0m (down 119% from profit in 1H 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jul 22Centrica plc to Report First Half, 2025 Results on Jul 24, 2025Centrica plc announced that they will report first half, 2025 results on Jul 24, 2025Reported Earnings • Feb 21Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: UK£0.26 (down from UK£0.71 in FY 2023). Revenue: UK£19.9b (down 25% from FY 2023). Net income: UK£1.33b (down 66% from FY 2023). Profit margin: 6.7% (down from 15% in FY 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.공시 • Feb 20Centrica plc to Report Fiscal Year 2024 Results on Feb 20, 2025Centrica plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Feb 20, 2025Reported Earnings • Jul 28First half 2024 earnings released: EPS: UK£0.25 (vs UK£0.73 in 1H 2023)First half 2024 results: EPS: UK£0.25 (down from UK£0.73 in 1H 2023). Revenue: UK£10.5b (down 36% from 1H 2023). Net income: UK£1.33b (down 68% from 1H 2023). Profit margin: 13% (down from 25% in 1H 2023). Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.모든 업데이트 보기Recent updates공시 • May 13Centrica plc Announces Board and Committee ChangesCentrica plc announced the appointment of Jonathan Howell as a Non-Executive Director of the Company with effect from 12 May 2026. Jonathan will also become Chair of the Audit and Risk Committee and a member of the Nominations Committee, with effect from 31 July 2026. Jonathan has significant board-level executive and non-executive experience across FTSE-listed and regulated businesses, with particular expertise in finance, governance, risk and transformation. He is currently a Non-Executive Director and Chair of the Audit Committee of Experian plc and Whitbread plc, and previously served on the boards of Sage Group plc, EMAP plc, FTSE International Ltd. and CrestCo Ltd. Jonathan brings deep financial leadership experience gained in complex, highly regulated environments. Having trained as a Chartered Accountant, his extensive executive career includes roles such as the CFO of Sage Group plc, Close Brothers Group plc and London Stock Exchange Group plc. Nathan Bostock will step down from the Board, the Nominations Committee, the Safety, Environment and Sustainability Committee and as Chair of the Audit and Risk Committee with effect from 31 July 2026. In accordance with the obligations under UK Listing Rule 6.4.6, Jonathan Howell currently holds the following non-executive directorships in quoted companies: Whitbread plc and Experian plc. Jonathan Howell was previously a director of Sage Group plc.공시 • May 09Centrica plc Approves the Final Cash Dividend on Ordinary ShareCentrica plc at its 2026 Annual General Meeting held on May 7, 2026, approved the final cash dividend of 3.67 pence per ordinary share.공시 • May 08Centrica plc (LSE:CNA) acquired Severn combined-cycle gas turbine power station from Calon Energy Limited for approximately £370 million.Centrica plc (LSE:CNA) acquired Severn combined-cycle gas turbine power station from Calon Energy Limited for approximately £370 million on May 7, 2026. A cash consideration of £370 million will be paid by Centrica plc. As part of consideration, £370 million is paid towards assets of Severn combined-cycle gas turbine power Centrica will fund the acquisition of Severn entirely from existing cash resources, on a cash-free, debt-free basis. Citigroup Global Markets Limited acted as financial advisor to Centrica plc. Slaughter and May and Freeths LLP acted as legal advisor to Centrica plc. Centrica plc (LSE:CNA) completed the acquisition of Severn combined-cycle gas turbine power station from Calon Energy Limited on May 7, 2026.내러티브 업데이트 • Apr 27CNA: Low Carbon Projects And On Site Power Will Shape Balanced OutlookThe analyst price target for Centrica has been raised, with recent Street research pointing to a cluster of higher targets in the £2.00 to £2.32 range, as analysts highlight the company’s positioning in low carbon generation and recent energy market disruption. Analyst Commentary Recent research shows a mix of optimism and caution around Centrica, with several firms adjusting ratings and price targets in a relatively tight range around £2.00 to £2.32.내러티브 업데이트 • Apr 12CNA: Low Carbon Projects And On Site Power Partnerships Will Support Fair OutlookCentrica's analyst price target has edged higher to £2.19 from £2.16, as analysts point to recent price target increases across the Street and see support from disruption in energy markets and the company's positioning in low carbon generation. Analyst Commentary Recent Street research around Centrica shows a mix of optimism on the long term setup and caution on near term execution and valuation, which is reflected in both upgrades and downgrades alongside a cluster of higher price targets.Upcoming Dividend • Apr 02Upcoming dividend of UK£0.037 per shareEligible shareholders must have bought the stock before 09 April 2026. Payment date: 14 May 2026. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.9%).내러티브 업데이트 • Mar 28CNA: Fair View Sees Low Carbon Projects Offsetting Limited Near Term TriggersThe analyst price target for Centrica has been revised higher to £2.16 per share. The change is supported by recent research pointing to adjusted revenue growth assumptions, a slightly different profit margin outlook, and a higher future P/E multiple as analysts respond to rising price targets and rating changes across several firms.New Risk • Mar 25New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: UK£653k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 176% Minor Risk Significant insider selling over the past 3 months (UK£653k sold).Recent Insider Transactions • Mar 25Key Executive recently sold UK£653k worth of stockOn the 23rd of March, Christopher O'Shea sold around 327k shares on-market at roughly UK£2.00 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months.내러티브 업데이트 • Mar 13CNA: Fair View Balances Low Carbon Upside With Fewer Near Term CatalystsThe analyst price target for Centrica has edged higher to reflect a modest uplift in fair value to £2.05 and a slightly richer future P/E assumption, as analysts balance higher UK low carbon and gas price tailwinds against recent share gains and fewer near term catalysts. Analyst Commentary Recent research on Centrica shows a split between bullish and bearish analysts, with several raising price targets while others have turned more cautious after the share price recovery and completion of the buyback.내러티브 업데이트 • Feb 25CNA: Neutral Stance Will Rely On Execution Against Tight P/E ExpectationsCentrica's analyst fair value estimate has edged up to reflect higher price targets in the £2.24 to £2.32 range, with analysts citing adjusted expectations for revenue growth, improved profit margin assumptions, and a lower expected future P/E of 11.4x. Analyst Commentary Recent research has clustered Centrica's price targets in the £2.24 to £2.32 range, with several banks adjusting their numbers in quick succession.Reported Earnings • Feb 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: UK£0.015 loss per share (down from UK£0.26 profit in FY 2024). Revenue: UK£19.5b (down 2.1% from FY 2024). Net loss: UK£72.0m (down 105% from profit in FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.공시 • Feb 20+ 1 more updateCentrica plc Announces Board and Committee Changes, Effective 7 May 2026Centrica plc announced that Carol Arrowsmith, Non-Executive Director and Chair of the Remuneration Committee, has informed the Board of her intention to step down at the conclusion of the 2026 Annual General Meeting (AGM) on 7 May 2026 after almost six years on the Board. Carol will therefore not seek re-election at the 2026 AGM. Centrica announced that Sue Whalley will be appointed as Chair of the Remuneration Committee and join the Nominations Committee with effect from the conclusion of the 2026 AGM.내러티브 업데이트 • Feb 10CNA: Neutral View Will Depend On Execution And Valuation DisciplineAnalysts have nudged their fair value estimate for Centrica slightly higher to £1.98 from £1.96, citing updated assumptions around revenue growth, profit margins and a modestly higher future P/E, which are consistent with recent upward price target moves from several firms. Analyst Commentary Recent updates from bullish analysts have focused on higher price targets and slightly richer valuation assumptions that they see as better aligned with current market expectations for Centrica.내러티브 업데이트 • Jan 24CNA: Neutral Stance Will Hinge On Execution And Margin ResilienceAnalysts have trimmed their fair value estimate for Centrica slightly, now seeing it closer to £1.96 per share. Updated assumptions on revenue growth, profit margins and future P/E have led to a more cautious stance, which is reflected in the recent move to a Neutral rating with a £1.85 price target.내러티브 업데이트 • Jan 10CNA: Energy Transition Execution Will Shape Balanced Future Risk Reward ProfileAnalysts have slightly raised their fair value estimate for Centrica from £1.97 to £1.98 per share, reflecting a mix of more cautious and more constructive views after recent rating changes and updated price targets across the sector. Analyst Commentary Recent rating changes on Centrica show a mix of optimism and caution, which helps explain why the fair value move has been incremental rather than dramatic.내러티브 업데이트 • Dec 26CNA: Energy Transition Execution Will Drive Long Term Earnings MomentumAnalysts have nudged their fair value estimate for Centrica slightly higher to approximately £1.97 from about £1.96. They cite a broadly stable discount rate, marginally stronger revenue growth expectations and modestly higher sector upside that is partly tempered by a more balanced risk reward profile.공시 • Dec 19Centrica plc Announces Directorate and Committee ChangesCentrica announced that Heidi Mottram, Non-Executive Director of Centrica plc, will step down from the Board with effect from 31 December 2025. Heidi has served on the Board since 1 January 2020 and has contributed significantly to the work of the Nominations and Remuneration Committees and as Chair of the Safety, Environment and Sustainability Committee. The Board thanks her for her valuable contribution. Centrica also announces that Amber Rudd will be appointed as Chair of the Safety, Environment and Sustainability Committee and will join the Nominations Committee, both with effect from 1 January 2026.내러티브 업데이트 • Dec 11CNA: Cost Cutting Plan Will Support Long Term Earnings MomentumAnalysts have nudged their average price target for Centrica slightly lower to about £1.96. This reflects a modest recalibration of fair value assumptions, even as they highlight potential upside from sector tailwinds, improving renewables exposure, and prospective cost cutting initiatives.공시 • Nov 28Centrica plc (LSE:CNA) and Energy Capital Partners, LLC completed the acquisition of National Grid Grain LNG Limited and Thamesport Interchange Limited from National Grid plc (LSE:NG.)Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.) for an enterprise value of £1.5 billion on August 14, 2025. A cash consideration will be paid by Centrica plc and Energy Capital Partners, LLC. The purchase of Grain LNG is for an enterprise value of £1.5 billion. Centrica's 50% share of the equity investment of approximately £200 million will be funded from it's existing cash resources. Centrica plc and Energy Capital Partners has also secured approximately £1.1 billion of committed financing, which will be drawn at closing, to fund a portion of the enterprise value. The transaction is conditional upon certain regulatory approvals being received, including approval under the National Security and Investment Act and certain mandatory anti-trust approvals. The completion of the transaction is expected to occur in Q4 this calendar year. Brian O'Keeffe, Conor Hennebry and Martin Weltman Banco Santander, S.A., London Branch acted as financial advisor for Centrica plc and Energy Capital Partners, LLC. Slaughter and May acted as legal advisor for Centrica plc. Latham & Watkins LLP acted as legal advisor for Centrica plc and Energy Capital Partners, LLC. Morgan Stanley acted as financial advisor to National Grid plc. Charles Steward, Caroline Rae, Reza Dadbakhsh, Silke Goldberg, David Coulling, Veronica Roberts, Howard Murray and Tim Leaver of Herbert Smith Freehills LLP acted as legal advisor to National Grid plc (LSE:NG.) Centrica plc (LSE:CNA) and Energy Capital Partners, LLC completed the acquisition of National Grid Grain LNG Limited and Thamesport Interchange Limited from National Grid plc (LSE:NG.) on November 28, 2025.내러티브 업데이트 • Nov 27CNA: Cost Cutting Plan And Renewables Outlook Will Support Long Term GainsCentrica's analyst price target has been raised slightly to £2.10. Analysts cite further upside potential in European utilities and an improving outlook for renewables as supporting factors.분석 기사 • Nov 24Centrica (LON:CNA) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...내러티브 업데이트 • Nov 13CNA: Renewables Momentum and Nuclear Developments Will Drive Further Upside PotentialThe analyst price target for Centrica has been increased, now ranging from 179 GBp to 210 GBp. Analysts cite expectations of continued earnings momentum, further upside potential in UK utilities, and an improved outlook for renewables. Analyst Commentary Recent analyst research on Centrica highlights both optimistic perspectives and ongoing areas of caution regarding the company's growth trajectory and valuation outlook.Buy Or Sell Opportunity • Oct 31Now 20% undervaluedOver the last 90 days, the stock has risen 8.3% to UK£1.79. The fair value is estimated to be UK£2.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company became loss making.내러티브 업데이트 • Oct 29Nuclear Agreements And Renewables Momentum Will Shape Energy OutlookAnalysts have revised their price targets for Centrica higher. New targets have risen from £1.77 to a range as high as £2.10, citing ongoing momentum in UK utilities, an improved outlook for renewables, and potential for future earnings growth.분석 기사 • Oct 28An Intrinsic Calculation For Centrica plc (LON:CNA) Suggests It's 21% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, Centrica fair value estimate is UK£2.24 Centrica is estimated...내러티브 업데이트 • Oct 15Sizewell C And Morecambe Net Zero Will Drive Energy TransformationCentrica's analyst price target has increased from 180 GBp to 210 GBp, as analysts see upside potential driven by improving renewables prospects and cost-cutting initiatives within the UK utility sector. Analyst Commentary Recent analyst research on Centrica highlights optimism around the company's future prospects, as well as some areas where caution may be warranted.내러티브 업데이트 • Sep 28Sizewell C And Morecambe Net Zero Will Drive Energy TransformationAnalysts have raised Centrica’s price target slightly to £1.93, citing its strong positioning among UK utilities, improved earnings momentum, and anticipated cost-cutting efforts, while overall fair value remains nearly unchanged. Analyst Commentary Bullish analysts highlight Centrica as a top pick in UK utilities due to its strong relative positioning.공시 • Sep 22Centrica plc Appoints Frank Mastiaux as a Non-Executive Director, Effective 22 September 2025Centrica announced the appointment of Frank Mastiaux as a Non-Executive Director of the Company with effect from 22 September 2025. Frank will also join the Company's Safety, Environment and Sustainability Committee (SESC). Frank is an experienced executive and board member with over three decades in the energy industry. He served as CEO of Energie Baden-Württemberg AG (EnBW) from 2012 to 2022, where he led a strategic transformation that significantly increased the company's market capitalisation and positioned it as a leader in renewable energy. Prior to that, he held senior roles at BP and E.ON, including CEO of E.ON Climate & Renewables and CEO of BP's global LPG business. Frank currently serves as Chair of Sunfire SE, a hydrogen technology company, and is an advisory board member at Boehringer Ingelheim. He was previously a Supervisory Board member at Alstom Group. He holds a PhD in Analytical Chemistry from the University of Duisburg.내러티브 업데이트 • Sep 13Sizewell C And Morecambe Net Zero Will Drive Energy TransformationCautious optimism among analysts, grounded in Centrica’s strong past sector outperformance and a balanced risk/reward outlook, has led to a marginal increase in the consensus price target from £1.87 to £1.90. Analyst Commentary Bullish analysts see modest upside potential, reflected in minor price target increases.Upcoming Dividend • Sep 11Upcoming dividend of UK£0.018 per shareEligible shareholders must have bought the stock before 18 September 2025. Payment date: 30 October 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (5.1%).분석 기사 • Aug 16Here's Why Centrica (LON:CNA) Has A Meaningful Debt BurdenLSE:CNA 1 Year Share Price vs Fair Value Explore Centrica's Fair Values from the Community and select yours Some say...공시 • Aug 14Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.).Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.) on August 14, 2025. A cash consideration will be paid by Centrica plc and Energy Capital Partners, LLC. The purchase of Grain LNG is for an enterprise value of £1.5 billion. Centrica's 50% share of the equity investment of approximately £200 million will be funded from it's existing cash resources. Centrica plc and Energy Capital Partners has also secured approximately £1.1 billion of committed financing, which will be drawn at closing, to fund a portion of the enterprise value. The transaction is conditional upon certain regulatory approvals being received, including approval under the National Security and Investment Act and certain mandatory anti-trust approvals. The completion of the transaction is expected to occur in Q4 this calendar year. Brian O'Keeffe, Conor Hennebry and Martin Weltman Banco Santander, S.A., London Branch acted as financial advisor for Centrica plc and Energy Capital Partners, LLC. Slaughter and May acted as legal advisor for Centrica plc. Latham & Watkins LLP acted as legal advisor for Centrica plc and Energy Capital Partners, LLC. Morgan Stanley acted as financial advisor to National Grid plc.공시 • Jul 30Centrica plc (LSE:CNA) acquired 16% stake in Gasrec Ltd.Centrica plc (LSE:CNA) acquired 16% stake in Gasrec Ltd. on July 30, 2025. Centrica plc (LSE:CNA) completed the acquisition of 16% stake in Gasrec Ltd. on July 30, 2025.Reported Earnings • Jul 25First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: UK£0.051 loss per share (down from UK£0.25 profit in 1H 2024). Revenue: UK£10.1b (down 4.0% from 1H 2024). Net loss: UK£251.0m (down 119% from profit in 1H 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jul 25Centrica plc Declares Interim Dividend for the First Half of 2025Centrica plc declared interim dividend of 1.83 pence per share for the first half of 2025 (H1 2024: 1.50 pence per share).공시 • Jul 22Centrica plc to Report First Half, 2025 Results on Jul 24, 2025Centrica plc announced that they will report first half, 2025 results on Jul 24, 2025분석 기사 • Jul 18Centrica plc's (LON:CNA) Earnings Are Not Doing Enough For Some InvestorsWith a price-to-earnings (or "P/E") ratio of 5.5x Centrica plc ( LON:CNA ) may be sending very bullish signals at the...공시 • Jul 08Centrica plc Appoints Alessandra Pasini as A Non-Executive Director; Member of Audit and Risk Committee and Nominations CommitteeCentrica plc announce the appointment of Alessandra Pasini as a Non-Executive Director of the Company with immediate effect. Alessandra will also become a member of the Company's Audit and Risk Committee and Nominations Committee.Recent Insider Transactions Derivative • Jun 29Key Executive exercised options and sold UK£1.3m worth of stockOn the 23rd of June, Christopher O'Shea exercised options to acquire 771k shares at no cost and sold these for an average price of UK£1.68 per share. This trade did not impact their existing holding. For the year to December 2018, Christopher's total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Christopher has owned 5.49m shares directly. Company insiders have collectively sold UK£3.6m more than they bought, via options and on-market transactions in the last 12 months.New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. High level of non-cash earnings (44% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.7% net profit margin).공시 • May 09Centrica plc Approves the Final Cash DividendCentrica plc at its AGM held on May 8, 2025, approved the final cash dividend of 3.0 pence per ordinary share.Buy Or Sell Opportunity • Apr 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to UK£1.60. The fair value is estimated to be UK£1.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to decline by 3.0% per annum. Earnings are also forecast to decline by 8.4% per annum over the same time period.Upcoming Dividend • Apr 24Upcoming dividend of UK£0.03 per shareEligible shareholders must have bought the stock before 01 May 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.1%).Major Estimate Revision • Mar 05Consensus revenue estimates increase by 10%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from UK£19.8b to UK£21.8b. EPS estimate increased from UK£0.163 to UK£0.166 per share. Net income forecast to shrink 39% next year vs 1.1% growth forecast for Integrated Utilities industry in the United Kingdom . Consensus price target up from UK£1.70 to UK£1.75. Share price was steady at UK£1.47 over the past week.Major Estimate Revision • Feb 27Consensus EPS estimates increase by 15%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from UK£23.5b to UK£22.1b. EPS estimate rose from UK£0.141 to UK£0.163. Net income forecast to shrink 40% next year vs 4.5% growth forecast for Integrated Utilities industry in the United Kingdom . Consensus price target up from UK£1.67 to UK£1.73. Share price rose 8.6% to UK£1.48 over the past week.새로운 내러티브 • Feb 23Investments In Flexible Generation And Technology Will Streamline Operations, But Revenue Decline And Margin Pressures Are Anticipated Increased customer engagement and service delivery in Services and Solutions could drive revenue growth and improve net margins. 공시 • Feb 22Centrica plc Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 5 June 2025 and Proposes Dividend for Full Year 2025Centrica plc is proposing a 2024 final dividend of 3.0 pence per share for the year ended 31 December 2024, taking the full year dividend to 4.5 pence from 4.0 pence per share in 2023, with an intent to raise the 2025 dividend per share by a further 22% to 5.5 pence. The dividend will be submitted for formal approval at the Annual General Meeting to be held on 8 May 2025 and, subject to approval, will be paid on 5 June 2025 to those shareholders registered on 2 May 2025. Ex-dividend date for 2024 final dividend is 1 May 2025.Reported Earnings • Feb 21Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: UK£0.26 (down from UK£0.71 in FY 2023). Revenue: UK£19.9b (down 25% from FY 2023). Net income: UK£1.33b (down 66% from FY 2023). Profit margin: 6.7% (down from 15% in FY 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.공시 • Feb 21Centrica plc, Annual General Meeting, May 08, 2025Centrica plc, Annual General Meeting, May 08, 2025.공시 • Feb 20Centrica plc to Report Fiscal Year 2024 Results on Feb 20, 2025Centrica plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Feb 20, 2025공시 • Nov 15Centrica plc Announces Board Changes, Effective 16 December 2024On 25 July 2024, Centrica plc announced that Kevin O'Byrne, currently Senior Independent Director, would succeed Scott Wheway as Chair of the Board from 16 December 2024. The company also announced the appointment of Jo Harlow as Senior Independent Director, effective from 16 December 2024. Jo was appointed to the Centrica Board on 1 December 2023 and serves as a member of the Remuneration and Nominations Committees.Buy Or Sell Opportunity • Nov 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to UK£1.16. The fair value is estimated to be UK£1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 65%. For the next 3 years, revenue is forecast to decline by 2.7% per annum. Earnings are also forecast to decline by 9.9% per annum over the same time period.공시 • Oct 07British Gas Owner Reportedly Mulls £1 Billion Stake in HinkleyTHE owner of British Gas is exploring a potential investment in Hinkley Point C Solutions Limited as French state energy giant Electricité de France S.A. (EDF) scrambles to raise more funds for the troubled nuclear project. Centrica plc (LSE:CNA) has held discussions about a possible deal in recent months, although the talks are at an early stage, The Telegraph understands. City sources suggested the company could put at least £1 billion into the scheme, which is being built in Somerset, in exchange for a stake of 5% or more. Any deal would also likely secure Centrica a share of the plant's electricity output, at a time when energy suppliers are revisiting nuclear as a potential source of "clean" power to replace fossil fuels. It comes as EDF, which owns 68% of Hinkley, faces a reported £5 billion shortfall in funding needed to complete the scheme. As part of efforts to plug the gap, the company and the French government have lobbied for financial support from the UK Government while also seeking new private backers. An investment by Centrica would extend a long-running partnership between the British company and EDF. The FTSE 100 giant already holds a 20% share in all five of EDF's remaining UK nuclear power stations. This also entitles it to trade an equivalent share of the electricity they generate, a deal that has helped Centrica net at least £1.5 billion in profits since the 2022 surge in power prices. With all but one of the plants scheduled to close this decade, however, the company's bosses have been exploring whether to invest in new nuclear projects. Until now, Centrica's only interest was thought to be in the proposed Sizewell C plant in Suffolk. Those in talks with the Government include Centrica, Emirates Nuclear Energy Corporation (Enec), Schroders Greencoat and Amber Infrastructure Group. However, one City source said there was crossover between the Sizewell bidders and those having talks with EDF about a possible investment in Hinkley, with Centrica having expressed interest in the latter as well. Centrica is expected to back only one of the nuclear schemes, or neither, people familiar with the discussions suggested. It is seen as unlikely to invest in both. Hinkley may ultimately look more attractive to energy supplier Centrica, depending on the terms, as the plant is due to come online before Sizewell, the City source said. This is despite significant delays and cost overruns. They added: "It would be a bit weird, strategically, for Centrica executives to say we want to lock a billion pounds of shareholders' money up for 15 years before a single electron gets produced. "The more strategic transaction would be to put a billion into Hinkley, but with a very good deal from EDF." On October 4, 2024, a spokesman for Centrica declined to comment. EDF also declined to comment.Upcoming Dividend • Sep 26Upcoming dividend of UK£0.015 per shareEligible shareholders must have bought the stock before 03 October 2024. Payment date: 14 November 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (5.6%).공시 • Sep 17Centrica plc (LSE:CNA) agreed to acquire Nine 100-MW battery energy storage system (BESS) projects in Sweden from Future Generation Renewable Energy AG.Centrica plc (LSE:CNA) agreed to acquire Nine 100-MW battery energy storage system (BESS) projects in Sweden from Future Generation Renewable Energy AG on September 16, 2024.Reported Earnings • Jul 28First half 2024 earnings released: EPS: UK£0.25 (vs UK£0.73 in 1H 2023)First half 2024 results: EPS: UK£0.25 (down from UK£0.73 in 1H 2023). Revenue: UK£10.5b (down 36% from 1H 2023). Net income: UK£1.33b (down 68% from 1H 2023). Profit margin: 13% (down from 25% in 1H 2023). Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Declared Dividend • Jul 28First half dividend increased to UK£0.015Dividend of UK£0.015 is 13% higher than last year. Ex-date: 3rd October 2024 Payment date: 14th November 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 77% to increase the payout ratio to a potentially unsustainable range.공시 • Jul 26Centrica plc Announces Board ChangesCentrica plc announced that Scott Wheway will step down as Chair of the Company after almost nine years on the Board and five years as Chair and will not seek re-election as a Director. The Board announced that, effective 16 December 2024, Kevin O'Byrne will succeed Scott and will be appointed as Chair of the Company. Kevin has served as a Non-Executive Director of the Company since May 2019 and is currently the Company's Senior Independent Director and a member of the Nominations Committee and Audit and Risk Committee. Kevin was Chair of Centrica plc's Audit and Risk Committee from 2019 to 2023. In line with UK Corporate Governance Code recommendations, as the Senior Independent Director was a candidate for the role of Chair, non-executive director Amber Rudd led a comprehensive search process, considering both internal and external candidates. Kevin brings extensive executive and Board experience, in addition to knowledge of Centrica's operations, to the role. He has significant experience of complex financial and capital allocation decision making matters. Kevin has held CFO and CEO roles in a number of leading UK and international retailers since 2004, including Chief Financial Officer of J Sainsbury plc from 2017 to 2023. He was previously an executive director of Kingfisher plc and Dixons Retail plc. He was a non-executive director of Land Securities plc from 2008 to 2017 where he was Chair of the Audit Committee and Senior Independent Director. Kevin is currently also a non-executive director of NYSE listed International Flavors & Fragrances Inc. (IFF), a multinational market leading supplier to the food, beverage, beauty, and household and personal care sectors. At IFF he is Chair of the Governance & Corporate Responsibility Committee and sits on the Innovation and Audit Committees.Recent Insider Transactions Derivative • Jul 15Key Executive exercised options and sold UK£2.6m worth of stockOn the 12th of July, Christopher O'Shea exercised options to acquire 2m shares at no cost and sold these for an average price of UK£1.38 per share. This trade did not impact their existing holding. For the year to December 2018, Christopher's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Christopher's direct individual holding has increased from 601.81k shares to 3.35m. Company insiders have collectively sold UK£4.5m more than they bought, via options and on-market transactions in the last 12 months.공시 • Jun 06Centrica plc Approves the Final Cash DividendCentrica plc at its AGM held on June 5, 2024, approved the final cash dividend of 2.67 pence per ordinary share.Upcoming Dividend • May 23Upcoming dividend of UK£0.027 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (5.5%).Recent Insider Transactions Derivative • May 20Key Executive exercised options and sold UK£1.9m worth of stockOn the 17th of May, Christopher O'Shea exercised options to acquire 1m shares at no cost and sold these for an average price of UK£1.44 per share. This trade did not impact their existing holding. For the year to December 2018, Christopher's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Christopher's direct individual holding has increased from 601.81k shares to 602.80k. Company insiders have collectively sold UK£1.9m more than they bought, via options and on-market transactions in the last 12 months.Buy Or Sell Opportunity • May 03Now 20% overvaluedOver the last 90 days, the stock has fallen 4.5% to UK£1.29. The fair value is estimated to be UK£1.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are also forecast to decline by 41% per annum over the same time period.Reported Earnings • Mar 27Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: UK£0.71 (up from UK£0.13 loss in FY 2022). Revenue: UK£26.5b (up 11% from FY 2022). Net income: UK£3.93b (up UK£4.71b from FY 2022). Profit margin: 15% (up from net loss in FY 2022). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 134%. Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Feb 21Consensus revenue estimates fall by 21%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£28.8b to UK£22.7b. EPS estimate fell from UK£0.193 to UK£0.169 per share. Net income forecast to shrink 77% next year vs 7.4% growth forecast for Integrated Utilities industry in the United Kingdom . Consensus price target down from UK£1.79 to UK£1.74. Share price was steady at UK£1.33 over the past week.Major Estimate Revision • Feb 21Consensus revenue estimates fall by 21%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£28.8b to UK£22.7b. EPS estimate fell from UK£0.193 to UK£0.169 per share. Net income forecast to shrink 77% next year vs 7.4% growth forecast for Integrated Utilities industry in the United Kingdom . Consensus price target down from UK£1.79 to UK£1.74. Share price was steady at UK£1.33 over the past week.Declared Dividend • Feb 18Final dividend increased to UK£0.027Dividend of UK£0.027 is 34% higher than last year. Ex-date: 30th May 2024 Payment date: 11th July 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 83% over the next 3 years. However, it would need to fall by 94% to increase the payout ratio to a potentially unsustainable range.Reported Earnings • Feb 16Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: UK£0.71 (up from UK£0.13 loss in FY 2022). Revenue: UK£26.5b (up 11% from FY 2022). Net income: UK£3.93b (up UK£4.71b from FY 2022). Profit margin: 15% (up from net loss in FY 2022). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 134%. Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.공시 • Feb 15+ 1 more updateCentrica plc, Annual General Meeting, Jun 05, 2024Centrica plc, Annual General Meeting, Jun 05, 2024.공시 • Feb 14Centrica plc to Report Fiscal Year 2023 Results on Feb 15, 2024Centrica plc announced that they will report fiscal year 2023 results at 7:00 AM, Coordinated Universal Time on Feb 15, 2024공시 • Nov 23Centrica plc Announces Management Appointments, Effective December 1, 2023Centrica plc announced the appointment of Jo Harlow and Sue Whalley as Non-Executive Directors of the Company with effect from 1 December 2023, whereupon Jo and Sue will also become members of the Company's Remuneration Committee and Nominations Committee. Jo Harlow has more than 25 years' experience working in various senior roles, predominantly in the branded and technology sectors. Prior to her non-executive career, Jo held the position of Corporate Vice President of the Phones Business Unit at Microsoft. She previously spent 11 years at Nokia Corporation in a number of senior management roles, including Executive Vice President of Smart Devices. Jo currently serves as Non-Executive Director and Remuneration Committee Chair at InterContinental Hotels Group PLC and J Sainsbury plc, and as Senior Independent Director and Remuneration Committee Chair at Halma plc. She is also a Non-Executive Director at Chapter Zero Limited. Jo will be retiring from the Board of InterContinental Hotels Group PLC on 31 December 2023. Jo was also previously a Non-Executive Director of Ceconomy AG from 2017 to 2021. She attended Duke University in North Carolina and has a BSc in Psychology. Sue Whalley is Chief People and Performance Officer at Associated British Foods plc (ABF), having been appointed to the role in 2019. Prior to joining ABF, Sue spent 12 years at Royal Mail Group, where she held a number of executive roles including Chief Executive Officer of the Post & Parcels division and Chief Operations Officer. Prior to that, Sue was a Partner at McKinsey & Company where she spent nearly 18 years in management consultancy. Sue is a graduate of University of Cambridge and holds an MBA from Harvard Business School.Board Change • Oct 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Philippe Boisseau was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Sep 28Upcoming dividend of UK£0.013 per share at 2.1% yieldEligible shareholders must have bought the stock before 05 October 2023. Payment date: 16 November 2023. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (5.8%).매출 및 비용 세부 내역Centrica가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이LSE:CNA 매출, 비용 및 순이익 (GBP Millions)날짜매출순이익일반관리비연구개발비31 Dec 2519,492-722,478030 Sep 2519,494-1582,496030 Jun 2519,496-2442,513031 Mar 2519,7055442,513031 Dec 2419,9131,3322,512030 Sep 2420,1991,2182,584030 Jun 2420,4841,1042,655031 Mar 2423,4712,5172,665031 Dec 2326,4583,9292,674030 Sep 2328,2004,0812,610030 Jun 2329,9414,2322,545031 Mar 2326,8411,7252,384031 Dec 2223,741-7822,223030 Sep 2220,941-9011,601030 Jun 2218,141-1,021979031 Mar 2216,443-217922031 Dec 2114,744586865030 Sep 2113,790700890030 Jun 2112,835814915031 Mar 2112,542270898031 Dec 2012,249-274880030 Jun 207,758-759375031 Mar 2010,376-861665031 Dec 1912,994-964954030 Sep 1922,724-8141,286030 Jun 1922,773-6051,281031 Mar 1923,039-2111,273031 Dec 1823,3041831,265030 Sep 1824,5703541,263030 Jun 1825,8355241,260031 Mar 1826,9354261,266031 Dec 1728,0353281,271030 Sep 1728,0284471,349030 Jun 1728,0215661,426031 Mar 1727,5621,1191,486031 Dec 1627,1021,6721,545030 Sep 1626,5015121,552030 Jun 1625,900-6491,558031 Mar 1626,936-6981,564031 Dec 1527,971-7471,569030 Sep 1528,541-6211,593030 Jun 1529,111-4951,6170양질의 수익: CNA 은(는) 현재 수익성이 없습니다.이익 마진 증가: CNA는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: CNA는 수익성이 없지만 지난 5년 동안 연평균 12.6%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 CNA의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: CNA은 수익성이 없어 지난 해 수익 성장률을 Integrated Utilities 업계(-7.9%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: CNA는 현재 수익성이 없으므로 자본 수익률이 음수(-1.46%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YUtilities 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 16:44종가2026/05/20 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Centrica plc는 22명의 분석가가 다루고 있습니다. 이 중 5명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mark HivesBarclaysDominic NashBarclaysDominic NashBarclays19명의 분석가 더 보기
Reported Earnings • Feb 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: UK£0.015 loss per share (down from UK£0.26 profit in FY 2024). Revenue: UK£19.5b (down 2.1% from FY 2024). Net loss: UK£72.0m (down 105% from profit in FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Reported Earnings • Jul 25First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: UK£0.051 loss per share (down from UK£0.25 profit in 1H 2024). Revenue: UK£10.1b (down 4.0% from 1H 2024). Net loss: UK£251.0m (down 119% from profit in 1H 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jul 22Centrica plc to Report First Half, 2025 Results on Jul 24, 2025Centrica plc announced that they will report first half, 2025 results on Jul 24, 2025
Reported Earnings • Feb 21Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: UK£0.26 (down from UK£0.71 in FY 2023). Revenue: UK£19.9b (down 25% from FY 2023). Net income: UK£1.33b (down 66% from FY 2023). Profit margin: 6.7% (down from 15% in FY 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
공시 • Feb 20Centrica plc to Report Fiscal Year 2024 Results on Feb 20, 2025Centrica plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Feb 20, 2025
Reported Earnings • Jul 28First half 2024 earnings released: EPS: UK£0.25 (vs UK£0.73 in 1H 2023)First half 2024 results: EPS: UK£0.25 (down from UK£0.73 in 1H 2023). Revenue: UK£10.5b (down 36% from 1H 2023). Net income: UK£1.33b (down 68% from 1H 2023). Profit margin: 13% (down from 25% in 1H 2023). Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
공시 • May 13Centrica plc Announces Board and Committee ChangesCentrica plc announced the appointment of Jonathan Howell as a Non-Executive Director of the Company with effect from 12 May 2026. Jonathan will also become Chair of the Audit and Risk Committee and a member of the Nominations Committee, with effect from 31 July 2026. Jonathan has significant board-level executive and non-executive experience across FTSE-listed and regulated businesses, with particular expertise in finance, governance, risk and transformation. He is currently a Non-Executive Director and Chair of the Audit Committee of Experian plc and Whitbread plc, and previously served on the boards of Sage Group plc, EMAP plc, FTSE International Ltd. and CrestCo Ltd. Jonathan brings deep financial leadership experience gained in complex, highly regulated environments. Having trained as a Chartered Accountant, his extensive executive career includes roles such as the CFO of Sage Group plc, Close Brothers Group plc and London Stock Exchange Group plc. Nathan Bostock will step down from the Board, the Nominations Committee, the Safety, Environment and Sustainability Committee and as Chair of the Audit and Risk Committee with effect from 31 July 2026. In accordance with the obligations under UK Listing Rule 6.4.6, Jonathan Howell currently holds the following non-executive directorships in quoted companies: Whitbread plc and Experian plc. Jonathan Howell was previously a director of Sage Group plc.
공시 • May 09Centrica plc Approves the Final Cash Dividend on Ordinary ShareCentrica plc at its 2026 Annual General Meeting held on May 7, 2026, approved the final cash dividend of 3.67 pence per ordinary share.
공시 • May 08Centrica plc (LSE:CNA) acquired Severn combined-cycle gas turbine power station from Calon Energy Limited for approximately £370 million.Centrica plc (LSE:CNA) acquired Severn combined-cycle gas turbine power station from Calon Energy Limited for approximately £370 million on May 7, 2026. A cash consideration of £370 million will be paid by Centrica plc. As part of consideration, £370 million is paid towards assets of Severn combined-cycle gas turbine power Centrica will fund the acquisition of Severn entirely from existing cash resources, on a cash-free, debt-free basis. Citigroup Global Markets Limited acted as financial advisor to Centrica plc. Slaughter and May and Freeths LLP acted as legal advisor to Centrica plc. Centrica plc (LSE:CNA) completed the acquisition of Severn combined-cycle gas turbine power station from Calon Energy Limited on May 7, 2026.
내러티브 업데이트 • Apr 27CNA: Low Carbon Projects And On Site Power Will Shape Balanced OutlookThe analyst price target for Centrica has been raised, with recent Street research pointing to a cluster of higher targets in the £2.00 to £2.32 range, as analysts highlight the company’s positioning in low carbon generation and recent energy market disruption. Analyst Commentary Recent research shows a mix of optimism and caution around Centrica, with several firms adjusting ratings and price targets in a relatively tight range around £2.00 to £2.32.
내러티브 업데이트 • Apr 12CNA: Low Carbon Projects And On Site Power Partnerships Will Support Fair OutlookCentrica's analyst price target has edged higher to £2.19 from £2.16, as analysts point to recent price target increases across the Street and see support from disruption in energy markets and the company's positioning in low carbon generation. Analyst Commentary Recent Street research around Centrica shows a mix of optimism on the long term setup and caution on near term execution and valuation, which is reflected in both upgrades and downgrades alongside a cluster of higher price targets.
Upcoming Dividend • Apr 02Upcoming dividend of UK£0.037 per shareEligible shareholders must have bought the stock before 09 April 2026. Payment date: 14 May 2026. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.5%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (3.9%).
내러티브 업데이트 • Mar 28CNA: Fair View Sees Low Carbon Projects Offsetting Limited Near Term TriggersThe analyst price target for Centrica has been revised higher to £2.16 per share. The change is supported by recent research pointing to adjusted revenue growth assumptions, a slightly different profit margin outlook, and a higher future P/E multiple as analysts respond to rising price targets and rating changes across several firms.
New Risk • Mar 25New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: UK£653k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 176% Minor Risk Significant insider selling over the past 3 months (UK£653k sold).
Recent Insider Transactions • Mar 25Key Executive recently sold UK£653k worth of stockOn the 23rd of March, Christopher O'Shea sold around 327k shares on-market at roughly UK£2.00 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Christopher's only on-market trade for the last 12 months.
내러티브 업데이트 • Mar 13CNA: Fair View Balances Low Carbon Upside With Fewer Near Term CatalystsThe analyst price target for Centrica has edged higher to reflect a modest uplift in fair value to £2.05 and a slightly richer future P/E assumption, as analysts balance higher UK low carbon and gas price tailwinds against recent share gains and fewer near term catalysts. Analyst Commentary Recent research on Centrica shows a split between bullish and bearish analysts, with several raising price targets while others have turned more cautious after the share price recovery and completion of the buyback.
내러티브 업데이트 • Feb 25CNA: Neutral Stance Will Rely On Execution Against Tight P/E ExpectationsCentrica's analyst fair value estimate has edged up to reflect higher price targets in the £2.24 to £2.32 range, with analysts citing adjusted expectations for revenue growth, improved profit margin assumptions, and a lower expected future P/E of 11.4x. Analyst Commentary Recent research has clustered Centrica's price targets in the £2.24 to £2.32 range, with several banks adjusting their numbers in quick succession.
Reported Earnings • Feb 20Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: UK£0.015 loss per share (down from UK£0.26 profit in FY 2024). Revenue: UK£19.5b (down 2.1% from FY 2024). Net loss: UK£72.0m (down 105% from profit in FY 2024). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
공시 • Feb 20+ 1 more updateCentrica plc Announces Board and Committee Changes, Effective 7 May 2026Centrica plc announced that Carol Arrowsmith, Non-Executive Director and Chair of the Remuneration Committee, has informed the Board of her intention to step down at the conclusion of the 2026 Annual General Meeting (AGM) on 7 May 2026 after almost six years on the Board. Carol will therefore not seek re-election at the 2026 AGM. Centrica announced that Sue Whalley will be appointed as Chair of the Remuneration Committee and join the Nominations Committee with effect from the conclusion of the 2026 AGM.
내러티브 업데이트 • Feb 10CNA: Neutral View Will Depend On Execution And Valuation DisciplineAnalysts have nudged their fair value estimate for Centrica slightly higher to £1.98 from £1.96, citing updated assumptions around revenue growth, profit margins and a modestly higher future P/E, which are consistent with recent upward price target moves from several firms. Analyst Commentary Recent updates from bullish analysts have focused on higher price targets and slightly richer valuation assumptions that they see as better aligned with current market expectations for Centrica.
내러티브 업데이트 • Jan 24CNA: Neutral Stance Will Hinge On Execution And Margin ResilienceAnalysts have trimmed their fair value estimate for Centrica slightly, now seeing it closer to £1.96 per share. Updated assumptions on revenue growth, profit margins and future P/E have led to a more cautious stance, which is reflected in the recent move to a Neutral rating with a £1.85 price target.
내러티브 업데이트 • Jan 10CNA: Energy Transition Execution Will Shape Balanced Future Risk Reward ProfileAnalysts have slightly raised their fair value estimate for Centrica from £1.97 to £1.98 per share, reflecting a mix of more cautious and more constructive views after recent rating changes and updated price targets across the sector. Analyst Commentary Recent rating changes on Centrica show a mix of optimism and caution, which helps explain why the fair value move has been incremental rather than dramatic.
내러티브 업데이트 • Dec 26CNA: Energy Transition Execution Will Drive Long Term Earnings MomentumAnalysts have nudged their fair value estimate for Centrica slightly higher to approximately £1.97 from about £1.96. They cite a broadly stable discount rate, marginally stronger revenue growth expectations and modestly higher sector upside that is partly tempered by a more balanced risk reward profile.
공시 • Dec 19Centrica plc Announces Directorate and Committee ChangesCentrica announced that Heidi Mottram, Non-Executive Director of Centrica plc, will step down from the Board with effect from 31 December 2025. Heidi has served on the Board since 1 January 2020 and has contributed significantly to the work of the Nominations and Remuneration Committees and as Chair of the Safety, Environment and Sustainability Committee. The Board thanks her for her valuable contribution. Centrica also announces that Amber Rudd will be appointed as Chair of the Safety, Environment and Sustainability Committee and will join the Nominations Committee, both with effect from 1 January 2026.
내러티브 업데이트 • Dec 11CNA: Cost Cutting Plan Will Support Long Term Earnings MomentumAnalysts have nudged their average price target for Centrica slightly lower to about £1.96. This reflects a modest recalibration of fair value assumptions, even as they highlight potential upside from sector tailwinds, improving renewables exposure, and prospective cost cutting initiatives.
공시 • Nov 28Centrica plc (LSE:CNA) and Energy Capital Partners, LLC completed the acquisition of National Grid Grain LNG Limited and Thamesport Interchange Limited from National Grid plc (LSE:NG.)Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.) for an enterprise value of £1.5 billion on August 14, 2025. A cash consideration will be paid by Centrica plc and Energy Capital Partners, LLC. The purchase of Grain LNG is for an enterprise value of £1.5 billion. Centrica's 50% share of the equity investment of approximately £200 million will be funded from it's existing cash resources. Centrica plc and Energy Capital Partners has also secured approximately £1.1 billion of committed financing, which will be drawn at closing, to fund a portion of the enterprise value. The transaction is conditional upon certain regulatory approvals being received, including approval under the National Security and Investment Act and certain mandatory anti-trust approvals. The completion of the transaction is expected to occur in Q4 this calendar year. Brian O'Keeffe, Conor Hennebry and Martin Weltman Banco Santander, S.A., London Branch acted as financial advisor for Centrica plc and Energy Capital Partners, LLC. Slaughter and May acted as legal advisor for Centrica plc. Latham & Watkins LLP acted as legal advisor for Centrica plc and Energy Capital Partners, LLC. Morgan Stanley acted as financial advisor to National Grid plc. Charles Steward, Caroline Rae, Reza Dadbakhsh, Silke Goldberg, David Coulling, Veronica Roberts, Howard Murray and Tim Leaver of Herbert Smith Freehills LLP acted as legal advisor to National Grid plc (LSE:NG.) Centrica plc (LSE:CNA) and Energy Capital Partners, LLC completed the acquisition of National Grid Grain LNG Limited and Thamesport Interchange Limited from National Grid plc (LSE:NG.) on November 28, 2025.
내러티브 업데이트 • Nov 27CNA: Cost Cutting Plan And Renewables Outlook Will Support Long Term GainsCentrica's analyst price target has been raised slightly to £2.10. Analysts cite further upside potential in European utilities and an improving outlook for renewables as supporting factors.
분석 기사 • Nov 24Centrica (LON:CNA) Has A Somewhat Strained Balance SheetHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
내러티브 업데이트 • Nov 13CNA: Renewables Momentum and Nuclear Developments Will Drive Further Upside PotentialThe analyst price target for Centrica has been increased, now ranging from 179 GBp to 210 GBp. Analysts cite expectations of continued earnings momentum, further upside potential in UK utilities, and an improved outlook for renewables. Analyst Commentary Recent analyst research on Centrica highlights both optimistic perspectives and ongoing areas of caution regarding the company's growth trajectory and valuation outlook.
Buy Or Sell Opportunity • Oct 31Now 20% undervaluedOver the last 90 days, the stock has risen 8.3% to UK£1.79. The fair value is estimated to be UK£2.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company became loss making.
내러티브 업데이트 • Oct 29Nuclear Agreements And Renewables Momentum Will Shape Energy OutlookAnalysts have revised their price targets for Centrica higher. New targets have risen from £1.77 to a range as high as £2.10, citing ongoing momentum in UK utilities, an improved outlook for renewables, and potential for future earnings growth.
분석 기사 • Oct 28An Intrinsic Calculation For Centrica plc (LON:CNA) Suggests It's 21% UndervaluedKey Insights Using the 2 Stage Free Cash Flow to Equity, Centrica fair value estimate is UK£2.24 Centrica is estimated...
내러티브 업데이트 • Oct 15Sizewell C And Morecambe Net Zero Will Drive Energy TransformationCentrica's analyst price target has increased from 180 GBp to 210 GBp, as analysts see upside potential driven by improving renewables prospects and cost-cutting initiatives within the UK utility sector. Analyst Commentary Recent analyst research on Centrica highlights optimism around the company's future prospects, as well as some areas where caution may be warranted.
내러티브 업데이트 • Sep 28Sizewell C And Morecambe Net Zero Will Drive Energy TransformationAnalysts have raised Centrica’s price target slightly to £1.93, citing its strong positioning among UK utilities, improved earnings momentum, and anticipated cost-cutting efforts, while overall fair value remains nearly unchanged. Analyst Commentary Bullish analysts highlight Centrica as a top pick in UK utilities due to its strong relative positioning.
공시 • Sep 22Centrica plc Appoints Frank Mastiaux as a Non-Executive Director, Effective 22 September 2025Centrica announced the appointment of Frank Mastiaux as a Non-Executive Director of the Company with effect from 22 September 2025. Frank will also join the Company's Safety, Environment and Sustainability Committee (SESC). Frank is an experienced executive and board member with over three decades in the energy industry. He served as CEO of Energie Baden-Württemberg AG (EnBW) from 2012 to 2022, where he led a strategic transformation that significantly increased the company's market capitalisation and positioned it as a leader in renewable energy. Prior to that, he held senior roles at BP and E.ON, including CEO of E.ON Climate & Renewables and CEO of BP's global LPG business. Frank currently serves as Chair of Sunfire SE, a hydrogen technology company, and is an advisory board member at Boehringer Ingelheim. He was previously a Supervisory Board member at Alstom Group. He holds a PhD in Analytical Chemistry from the University of Duisburg.
내러티브 업데이트 • Sep 13Sizewell C And Morecambe Net Zero Will Drive Energy TransformationCautious optimism among analysts, grounded in Centrica’s strong past sector outperformance and a balanced risk/reward outlook, has led to a marginal increase in the consensus price target from £1.87 to £1.90. Analyst Commentary Bullish analysts see modest upside potential, reflected in minor price target increases.
Upcoming Dividend • Sep 11Upcoming dividend of UK£0.018 per shareEligible shareholders must have bought the stock before 18 September 2025. Payment date: 30 October 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (5.1%).
분석 기사 • Aug 16Here's Why Centrica (LON:CNA) Has A Meaningful Debt BurdenLSE:CNA 1 Year Share Price vs Fair Value Explore Centrica's Fair Values from the Community and select yours Some say...
공시 • Aug 14Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.).Centrica plc (LSE:CNA) and Energy Capital Partners, LLC entered into a sale and purchase agreement to acquire National Grid Grain LNG Limited/Thamesport Interchange Limited from National Grid plc (LSE:NG.) on August 14, 2025. A cash consideration will be paid by Centrica plc and Energy Capital Partners, LLC. The purchase of Grain LNG is for an enterprise value of £1.5 billion. Centrica's 50% share of the equity investment of approximately £200 million will be funded from it's existing cash resources. Centrica plc and Energy Capital Partners has also secured approximately £1.1 billion of committed financing, which will be drawn at closing, to fund a portion of the enterprise value. The transaction is conditional upon certain regulatory approvals being received, including approval under the National Security and Investment Act and certain mandatory anti-trust approvals. The completion of the transaction is expected to occur in Q4 this calendar year. Brian O'Keeffe, Conor Hennebry and Martin Weltman Banco Santander, S.A., London Branch acted as financial advisor for Centrica plc and Energy Capital Partners, LLC. Slaughter and May acted as legal advisor for Centrica plc. Latham & Watkins LLP acted as legal advisor for Centrica plc and Energy Capital Partners, LLC. Morgan Stanley acted as financial advisor to National Grid plc.
공시 • Jul 30Centrica plc (LSE:CNA) acquired 16% stake in Gasrec Ltd.Centrica plc (LSE:CNA) acquired 16% stake in Gasrec Ltd. on July 30, 2025. Centrica plc (LSE:CNA) completed the acquisition of 16% stake in Gasrec Ltd. on July 30, 2025.
Reported Earnings • Jul 25First half 2025 earnings: EPS and revenues miss analyst expectationsFirst half 2025 results: UK£0.051 loss per share (down from UK£0.25 profit in 1H 2024). Revenue: UK£10.1b (down 4.0% from 1H 2024). Net loss: UK£251.0m (down 119% from profit in 1H 2024). Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jul 25Centrica plc Declares Interim Dividend for the First Half of 2025Centrica plc declared interim dividend of 1.83 pence per share for the first half of 2025 (H1 2024: 1.50 pence per share).
공시 • Jul 22Centrica plc to Report First Half, 2025 Results on Jul 24, 2025Centrica plc announced that they will report first half, 2025 results on Jul 24, 2025
분석 기사 • Jul 18Centrica plc's (LON:CNA) Earnings Are Not Doing Enough For Some InvestorsWith a price-to-earnings (or "P/E") ratio of 5.5x Centrica plc ( LON:CNA ) may be sending very bullish signals at the...
공시 • Jul 08Centrica plc Appoints Alessandra Pasini as A Non-Executive Director; Member of Audit and Risk Committee and Nominations CommitteeCentrica plc announce the appointment of Alessandra Pasini as a Non-Executive Director of the Company with immediate effect. Alessandra will also become a member of the Company's Audit and Risk Committee and Nominations Committee.
Recent Insider Transactions Derivative • Jun 29Key Executive exercised options and sold UK£1.3m worth of stockOn the 23rd of June, Christopher O'Shea exercised options to acquire 771k shares at no cost and sold these for an average price of UK£1.68 per share. This trade did not impact their existing holding. For the year to December 2018, Christopher's total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Christopher has owned 5.49m shares directly. Company insiders have collectively sold UK£3.6m more than they bought, via options and on-market transactions in the last 12 months.
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. High level of non-cash earnings (44% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.7% net profit margin).
공시 • May 09Centrica plc Approves the Final Cash DividendCentrica plc at its AGM held on May 8, 2025, approved the final cash dividend of 3.0 pence per ordinary share.
Buy Or Sell Opportunity • Apr 30Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to UK£1.60. The fair value is estimated to be UK£1.33, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.2% over the last 3 years. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to decline by 3.0% per annum. Earnings are also forecast to decline by 8.4% per annum over the same time period.
Upcoming Dividend • Apr 24Upcoming dividend of UK£0.03 per shareEligible shareholders must have bought the stock before 01 May 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.1%).
Major Estimate Revision • Mar 05Consensus revenue estimates increase by 10%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from UK£19.8b to UK£21.8b. EPS estimate increased from UK£0.163 to UK£0.166 per share. Net income forecast to shrink 39% next year vs 1.1% growth forecast for Integrated Utilities industry in the United Kingdom . Consensus price target up from UK£1.70 to UK£1.75. Share price was steady at UK£1.47 over the past week.
Major Estimate Revision • Feb 27Consensus EPS estimates increase by 15%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from UK£23.5b to UK£22.1b. EPS estimate rose from UK£0.141 to UK£0.163. Net income forecast to shrink 40% next year vs 4.5% growth forecast for Integrated Utilities industry in the United Kingdom . Consensus price target up from UK£1.67 to UK£1.73. Share price rose 8.6% to UK£1.48 over the past week.
새로운 내러티브 • Feb 23Investments In Flexible Generation And Technology Will Streamline Operations, But Revenue Decline And Margin Pressures Are Anticipated Increased customer engagement and service delivery in Services and Solutions could drive revenue growth and improve net margins.
공시 • Feb 22Centrica plc Proposes Final Dividend for the Year Ended 31 December 2024, Payable on 5 June 2025 and Proposes Dividend for Full Year 2025Centrica plc is proposing a 2024 final dividend of 3.0 pence per share for the year ended 31 December 2024, taking the full year dividend to 4.5 pence from 4.0 pence per share in 2023, with an intent to raise the 2025 dividend per share by a further 22% to 5.5 pence. The dividend will be submitted for formal approval at the Annual General Meeting to be held on 8 May 2025 and, subject to approval, will be paid on 5 June 2025 to those shareholders registered on 2 May 2025. Ex-dividend date for 2024 final dividend is 1 May 2025.
Reported Earnings • Feb 21Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: UK£0.26 (down from UK£0.71 in FY 2023). Revenue: UK£19.9b (down 25% from FY 2023). Net income: UK£1.33b (down 66% from FY 2023). Profit margin: 6.7% (down from 15% in FY 2023). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
공시 • Feb 21Centrica plc, Annual General Meeting, May 08, 2025Centrica plc, Annual General Meeting, May 08, 2025.
공시 • Feb 20Centrica plc to Report Fiscal Year 2024 Results on Feb 20, 2025Centrica plc announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on Feb 20, 2025
공시 • Nov 15Centrica plc Announces Board Changes, Effective 16 December 2024On 25 July 2024, Centrica plc announced that Kevin O'Byrne, currently Senior Independent Director, would succeed Scott Wheway as Chair of the Board from 16 December 2024. The company also announced the appointment of Jo Harlow as Senior Independent Director, effective from 16 December 2024. Jo was appointed to the Centrica Board on 1 December 2023 and serves as a member of the Remuneration and Nominations Committees.
Buy Or Sell Opportunity • Nov 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to UK£1.16. The fair value is estimated to be UK£1.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 65%. For the next 3 years, revenue is forecast to decline by 2.7% per annum. Earnings are also forecast to decline by 9.9% per annum over the same time period.
공시 • Oct 07British Gas Owner Reportedly Mulls £1 Billion Stake in HinkleyTHE owner of British Gas is exploring a potential investment in Hinkley Point C Solutions Limited as French state energy giant Electricité de France S.A. (EDF) scrambles to raise more funds for the troubled nuclear project. Centrica plc (LSE:CNA) has held discussions about a possible deal in recent months, although the talks are at an early stage, The Telegraph understands. City sources suggested the company could put at least £1 billion into the scheme, which is being built in Somerset, in exchange for a stake of 5% or more. Any deal would also likely secure Centrica a share of the plant's electricity output, at a time when energy suppliers are revisiting nuclear as a potential source of "clean" power to replace fossil fuels. It comes as EDF, which owns 68% of Hinkley, faces a reported £5 billion shortfall in funding needed to complete the scheme. As part of efforts to plug the gap, the company and the French government have lobbied for financial support from the UK Government while also seeking new private backers. An investment by Centrica would extend a long-running partnership between the British company and EDF. The FTSE 100 giant already holds a 20% share in all five of EDF's remaining UK nuclear power stations. This also entitles it to trade an equivalent share of the electricity they generate, a deal that has helped Centrica net at least £1.5 billion in profits since the 2022 surge in power prices. With all but one of the plants scheduled to close this decade, however, the company's bosses have been exploring whether to invest in new nuclear projects. Until now, Centrica's only interest was thought to be in the proposed Sizewell C plant in Suffolk. Those in talks with the Government include Centrica, Emirates Nuclear Energy Corporation (Enec), Schroders Greencoat and Amber Infrastructure Group. However, one City source said there was crossover between the Sizewell bidders and those having talks with EDF about a possible investment in Hinkley, with Centrica having expressed interest in the latter as well. Centrica is expected to back only one of the nuclear schemes, or neither, people familiar with the discussions suggested. It is seen as unlikely to invest in both. Hinkley may ultimately look more attractive to energy supplier Centrica, depending on the terms, as the plant is due to come online before Sizewell, the City source said. This is despite significant delays and cost overruns. They added: "It would be a bit weird, strategically, for Centrica executives to say we want to lock a billion pounds of shareholders' money up for 15 years before a single electron gets produced. "The more strategic transaction would be to put a billion into Hinkley, but with a very good deal from EDF." On October 4, 2024, a spokesman for Centrica declined to comment. EDF also declined to comment.
Upcoming Dividend • Sep 26Upcoming dividend of UK£0.015 per shareEligible shareholders must have bought the stock before 03 October 2024. Payment date: 14 November 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (5.6%).
공시 • Sep 17Centrica plc (LSE:CNA) agreed to acquire Nine 100-MW battery energy storage system (BESS) projects in Sweden from Future Generation Renewable Energy AG.Centrica plc (LSE:CNA) agreed to acquire Nine 100-MW battery energy storage system (BESS) projects in Sweden from Future Generation Renewable Energy AG on September 16, 2024.
Reported Earnings • Jul 28First half 2024 earnings released: EPS: UK£0.25 (vs UK£0.73 in 1H 2023)First half 2024 results: EPS: UK£0.25 (down from UK£0.73 in 1H 2023). Revenue: UK£10.5b (down 36% from 1H 2023). Net income: UK£1.33b (down 68% from 1H 2023). Profit margin: 13% (down from 25% in 1H 2023). Revenue is expected to decline by 2.9% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to grow by 2.6%. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Jul 28First half dividend increased to UK£0.015Dividend of UK£0.015 is 13% higher than last year. Ex-date: 3rd October 2024 Payment date: 14th November 2024 Dividend yield will be 3.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 77% to increase the payout ratio to a potentially unsustainable range.
공시 • Jul 26Centrica plc Announces Board ChangesCentrica plc announced that Scott Wheway will step down as Chair of the Company after almost nine years on the Board and five years as Chair and will not seek re-election as a Director. The Board announced that, effective 16 December 2024, Kevin O'Byrne will succeed Scott and will be appointed as Chair of the Company. Kevin has served as a Non-Executive Director of the Company since May 2019 and is currently the Company's Senior Independent Director and a member of the Nominations Committee and Audit and Risk Committee. Kevin was Chair of Centrica plc's Audit and Risk Committee from 2019 to 2023. In line with UK Corporate Governance Code recommendations, as the Senior Independent Director was a candidate for the role of Chair, non-executive director Amber Rudd led a comprehensive search process, considering both internal and external candidates. Kevin brings extensive executive and Board experience, in addition to knowledge of Centrica's operations, to the role. He has significant experience of complex financial and capital allocation decision making matters. Kevin has held CFO and CEO roles in a number of leading UK and international retailers since 2004, including Chief Financial Officer of J Sainsbury plc from 2017 to 2023. He was previously an executive director of Kingfisher plc and Dixons Retail plc. He was a non-executive director of Land Securities plc from 2008 to 2017 where he was Chair of the Audit Committee and Senior Independent Director. Kevin is currently also a non-executive director of NYSE listed International Flavors & Fragrances Inc. (IFF), a multinational market leading supplier to the food, beverage, beauty, and household and personal care sectors. At IFF he is Chair of the Governance & Corporate Responsibility Committee and sits on the Innovation and Audit Committees.
Recent Insider Transactions Derivative • Jul 15Key Executive exercised options and sold UK£2.6m worth of stockOn the 12th of July, Christopher O'Shea exercised options to acquire 2m shares at no cost and sold these for an average price of UK£1.38 per share. This trade did not impact their existing holding. For the year to December 2018, Christopher's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Christopher's direct individual holding has increased from 601.81k shares to 3.35m. Company insiders have collectively sold UK£4.5m more than they bought, via options and on-market transactions in the last 12 months.
공시 • Jun 06Centrica plc Approves the Final Cash DividendCentrica plc at its AGM held on June 5, 2024, approved the final cash dividend of 2.67 pence per ordinary share.
Upcoming Dividend • May 23Upcoming dividend of UK£0.027 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 11 July 2024. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (5.5%).
Recent Insider Transactions Derivative • May 20Key Executive exercised options and sold UK£1.9m worth of stockOn the 17th of May, Christopher O'Shea exercised options to acquire 1m shares at no cost and sold these for an average price of UK£1.44 per share. This trade did not impact their existing holding. For the year to December 2018, Christopher's total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Christopher's direct individual holding has increased from 601.81k shares to 602.80k. Company insiders have collectively sold UK£1.9m more than they bought, via options and on-market transactions in the last 12 months.
Buy Or Sell Opportunity • May 03Now 20% overvaluedOver the last 90 days, the stock has fallen 4.5% to UK£1.29. The fair value is estimated to be UK£1.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are also forecast to decline by 41% per annum over the same time period.
Reported Earnings • Mar 27Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: UK£0.71 (up from UK£0.13 loss in FY 2022). Revenue: UK£26.5b (up 11% from FY 2022). Net income: UK£3.93b (up UK£4.71b from FY 2022). Profit margin: 15% (up from net loss in FY 2022). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 134%. Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Feb 21Consensus revenue estimates fall by 21%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£28.8b to UK£22.7b. EPS estimate fell from UK£0.193 to UK£0.169 per share. Net income forecast to shrink 77% next year vs 7.4% growth forecast for Integrated Utilities industry in the United Kingdom . Consensus price target down from UK£1.79 to UK£1.74. Share price was steady at UK£1.33 over the past week.
Major Estimate Revision • Feb 21Consensus revenue estimates fall by 21%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£28.8b to UK£22.7b. EPS estimate fell from UK£0.193 to UK£0.169 per share. Net income forecast to shrink 77% next year vs 7.4% growth forecast for Integrated Utilities industry in the United Kingdom . Consensus price target down from UK£1.79 to UK£1.74. Share price was steady at UK£1.33 over the past week.
Declared Dividend • Feb 18Final dividend increased to UK£0.027Dividend of UK£0.027 is 34% higher than last year. Ex-date: 30th May 2024 Payment date: 11th July 2024 Dividend yield will be 2.9%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is well covered by both earnings (6% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 83% over the next 3 years. However, it would need to fall by 94% to increase the payout ratio to a potentially unsustainable range.
Reported Earnings • Feb 16Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2023 results: EPS: UK£0.71 (up from UK£0.13 loss in FY 2022). Revenue: UK£26.5b (up 11% from FY 2022). Net income: UK£3.93b (up UK£4.71b from FY 2022). Profit margin: 15% (up from net loss in FY 2022). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 134%. Revenue is forecast to decline by 11% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
공시 • Feb 15+ 1 more updateCentrica plc, Annual General Meeting, Jun 05, 2024Centrica plc, Annual General Meeting, Jun 05, 2024.
공시 • Feb 14Centrica plc to Report Fiscal Year 2023 Results on Feb 15, 2024Centrica plc announced that they will report fiscal year 2023 results at 7:00 AM, Coordinated Universal Time on Feb 15, 2024
공시 • Nov 23Centrica plc Announces Management Appointments, Effective December 1, 2023Centrica plc announced the appointment of Jo Harlow and Sue Whalley as Non-Executive Directors of the Company with effect from 1 December 2023, whereupon Jo and Sue will also become members of the Company's Remuneration Committee and Nominations Committee. Jo Harlow has more than 25 years' experience working in various senior roles, predominantly in the branded and technology sectors. Prior to her non-executive career, Jo held the position of Corporate Vice President of the Phones Business Unit at Microsoft. She previously spent 11 years at Nokia Corporation in a number of senior management roles, including Executive Vice President of Smart Devices. Jo currently serves as Non-Executive Director and Remuneration Committee Chair at InterContinental Hotels Group PLC and J Sainsbury plc, and as Senior Independent Director and Remuneration Committee Chair at Halma plc. She is also a Non-Executive Director at Chapter Zero Limited. Jo will be retiring from the Board of InterContinental Hotels Group PLC on 31 December 2023. Jo was also previously a Non-Executive Director of Ceconomy AG from 2017 to 2021. She attended Duke University in North Carolina and has a BSc in Psychology. Sue Whalley is Chief People and Performance Officer at Associated British Foods plc (ABF), having been appointed to the role in 2019. Prior to joining ABF, Sue spent 12 years at Royal Mail Group, where she held a number of executive roles including Chief Executive Officer of the Post & Parcels division and Chief Operations Officer. Prior to that, Sue was a Partner at McKinsey & Company where she spent nearly 18 years in management consultancy. Sue is a graduate of University of Cambridge and holds an MBA from Harvard Business School.
Board Change • Oct 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Philippe Boisseau was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Sep 28Upcoming dividend of UK£0.013 per share at 2.1% yieldEligible shareholders must have bought the stock before 05 October 2023. Payment date: 16 November 2023. Payout ratio is a comfortable 4.5% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (5.8%).
