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CSR

CSR ASX:CSR Stock Report

Last Price

AU$4.06

Market Cap

AU$2.0b

7D

-1.7%

1Y

-28.1%

Updated

03 Jul, 2022

Data

Company Financials +
CSR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends4/6

CSR Stock Overview

CSR Limited, together with its subsidiaries, engages in the manufacture and supply of building products for residential and commercial constructions in Australia and New Zealand.

CSR Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CSR
Historical stock prices
Current Share PriceAU$4.06
52 Week HighAU$6.40
52 Week LowAU$3.93
Beta0.78
1 Month Change-10.57%
3 Month Change-33.11%
1 Year Change-28.14%
3 Year Change-5.80%
5 Year Change-2.87%
Change since IPO-71.75%

Recent News & Updates

Shareholder Returns

CSRAU Basic MaterialsAU Market
7D-1.7%-1.4%-0.5%
1Y-28.1%-36.5%-12.2%

Return vs Industry: CSR exceeded the Australian Basic Materials industry which returned -36.5% over the past year.

Return vs Market: CSR underperformed the Australian Market which returned -12.2% over the past year.

Price Volatility

Is CSR's price volatile compared to industry and market?
CSR volatility
CSR Average Weekly Movement4.3%
Basic Materials Industry Average Movement6.1%
Market Average Movement9.9%
10% most volatile stocks in AU Market16.6%
10% least volatile stocks in AU Market4.4%

Stable Share Price: CSR is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CSR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18552,573Julie Coateshttps://www.csr.com.au

CSR Limited, together with its subsidiaries, engages in the manufacture and supply of building products for residential and commercial constructions in Australia and New Zealand. It operates through Building Products, Property, and Aluminium segments. The Building Products segment offers interior systems, including gyprock plasterboards, Martini acoustic insulation products, and Rondo rolled formed steel products, as well as Himmel and Potter interior systems that supplies ceiling tiles, aluminum partitions, and architectural hardware products; construction systems, such as Hebel autoclaved aerated concrete products, AFS walling systems, cladding systems, and Cemintel fiber cement; masonry and insulation solutions comprising Bradford insulations, Bradford energy solutions, Edmonds ventilation systems, and Monier roofing solutions; and bricks, including PGH Bricks and pavers.

CSR Fundamentals Summary

How do CSR's earnings and revenue compare to its market cap?
CSR fundamental statistics
Market CapAU$1.97b
Earnings (TTM)AU$270.60m
Revenue (TTM)AU$2.31b

7.3x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSR income statement (TTM)
RevenueAU$2.31b
Cost of RevenueAU$1.61b
Gross ProfitAU$701.40m
Other ExpensesAU$430.80m
EarningsAU$270.60m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.56
Gross Margin30.34%
Net Profit Margin11.71%
Debt/Equity Ratio0%

How did CSR perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

56%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CSR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CSR?

Other financial metrics that can be useful for relative valuation.

CSR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA7x
PEG Ratio-2.2x

Price to Earnings Ratio vs Peers

How does CSR's PE Ratio compare to its peers?

CSR PE Ratio vs Peers
The above table shows the PE ratio for CSR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.6x
ABC Adbri
13.3x7.2%AU$1.6b
BKW Brickworks
3.7x-44.8%AU$2.8b
JHX James Hardie Industries
21.1x13.9%AU$14.3b
WGN Wagners Holding
16.3x25.6%AU$216.8m
CSR CSR
7.3x-3.4%AU$2.0b

Price-To-Earnings vs Peers: CSR is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (13.6x).


Price to Earnings Ratio vs Industry

How does CSR's PE Ratio compare vs other companies in the Global Basic Materials Industry?

Price-To-Earnings vs Industry: CSR is good value based on its Price-To-Earnings Ratio (7.3x) compared to the Global Basic Materials industry average (13.2x)


Price to Earnings Ratio vs Fair Ratio

What is CSR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CSR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: CSR is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).


Share Price vs Fair Value

What is the Fair Price of CSR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CSR (A$4.06) is trading below our estimate of fair value (A$12.48)

Significantly Below Fair Value: CSR is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: CSR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is CSR forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-3.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSR's earnings are forecast to decline over the next 3 years (-3.4% per year).

Earnings vs Market: CSR's earnings are forecast to decline over the next 3 years (-3.4% per year).

High Growth Earnings: CSR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CSR's revenue (1.8% per year) is forecast to grow slower than the Australian market (5.1% per year).

High Growth Revenue: CSR's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CSR's Return on Equity is forecast to be low in 3 years time (18.7%).


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Past Performance

How has CSR performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CSR has a large one-off gain of A$48.3M impacting its March 31 2022 financial results.

Growing Profit Margin: CSR's current net profit margins (11.7%) are higher than last year (6.9%).


Past Earnings Growth Analysis

Earnings Trend: CSR's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: CSR's earnings growth over the past year (85.2%) exceeds its 5-year average (3.9% per year).

Earnings vs Industry: CSR earnings growth over the past year (85.2%) underperformed the Basic Materials industry 85.2%.


Return on Equity

High ROE: CSR's Return on Equity (29.4%) is considered high.


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Financial Health

How is CSR's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CSR's short term assets (A$948.9M) exceed its short term liabilities (A$747.8M).

Long Term Liabilities: CSR's short term assets (A$948.9M) exceed its long term liabilities (A$749.8M).


Debt to Equity History and Analysis

Debt Level: CSR is debt free.

Reducing Debt: CSR has no debt compared to 5 years ago when its debt to equity ratio was 2.5%.

Debt Coverage: CSR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CSR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is CSR current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


7.76%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CSR's dividend (7.76%) is higher than the bottom 25% of dividend payers in the Australian market (2.75%).

High Dividend: CSR's dividend (7.76%) is in the top 25% of dividend payers in the Australian market (6.87%)


Stability and Growth of Payments

Stable Dividend: CSR's dividend payments have been volatile in the past 10 years.

Growing Dividend: CSR's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (56.4%), CSR's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (132.3%), CSR's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Julie Coates (59 yo)

2.83yrs

Tenure

AU$3,096,939

Compensation

Ms. Julie Ann Coates, BA, DipEd (Melb), has been the Chief Executive Officer, Managing Director and Executive Director of CSR Limited since September 2, 2019. Ms. Coates has been Managing Director at Goodm...


CEO Compensation Analysis

Compensation vs Market: Julie's total compensation ($USD2.10M) is about average for companies of similar size in the Australian market ($USD1.62M).

Compensation vs Earnings: Julie's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CSR's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: CSR's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CSR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CSR Limited's employee growth, exchange listings and data sources


Key Information

  • Name: CSR Limited
  • Ticker: CSR
  • Exchange: ASX
  • Founded: 1855
  • Industry: Construction Materials
  • Sector: Materials
  • Implied Market Cap: AU$1.971b
  • Shares outstanding: 485.38m
  • Website: https://www.csr.com.au

Number of Employees


Location

  • CSR Limited
  • Triniti 3
  • Level 5
  • North Ryde
  • New South Wales
  • 2113
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.