CSR (ASX:CSR) - Share price, News & Analysis

CSR fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	4/6

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.

Rewards

Trading at 57.6% below our estimate of its fair value

Earnings have grown 3.9% per year over the past 5 years

Risk Analysis

Earnings are forecast to decline by an average of 3.5% per year for the next 3 years

Dividend of 6.2% is not well covered by earnings

Large one-off items impacting financial results

CSR Competitors

Adbri

ASX:ABC

AU$1.8b

Brickworks

ASX:BKW

AU$3.2b

James Hardie Industries

ASX:JHX

AU$17.0b

Wagners Holding

ASX:WGN

AU$214.0m

Price History & Performance

Summary of all time highs, changes and price drops for CSR
Historical stock prices
Current Share Price	AU$5.08
52 Week High	AU$6.40
52 Week Low	AU$4.92
Beta	0.78
1 Month Change	-16.72%
3 Month Change	-11.34%
1 Year Change	-12.57%
3 Year Change	25.12%
5 Year Change	20.67%
Change since IPO	-64.65%

Recent News & Updates

May 03

Here's Why We Think CSR (ASX:CSR) Is Well Worth Watching

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

	CSR	AU Basic Materials	AU Market
7D	-1.2%	-5.5%	1.1%
1Y	-12.6%	-20.1%	1.5%

Return vs Industry: CSR exceeded the Australian Basic Materials industry which returned -20.1% over the past year.

Return vs Market: CSR underperformed the Australian Market which returned 1.5% over the past year.

Price Volatility

Is CSR's price volatile compared to industry and market?
CSR volatility
CSR Average Weekly Movement	4.2%
Basic Materials Industry Average Movement	4.8%
Market Average Movement	9.5%
10% most volatile stocks in AU Market	16.5%
10% least volatile stocks in AU Market	4.3%

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

Founded	Employees	CEO	Website
1855	2,573	Julie Coates	https://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 Cap	AU$2.47b
Earnings (TTM)	AU$270.60m
Revenue (TTM)	AU$2.31b

9.1x

P/E Ratio

1.1x

P/S Ratio

Is CSR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSR income statement (TTM)
Revenue	AU$2.31b
Cost of Revenue	AU$1.61b
Gross Profit	AU$701.40m
Other Expenses	AU$430.80m
Earnings	AU$270.60m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.56
Gross Margin	30.34%
Net Profit Margin	11.71%
Debt/Equity Ratio	0%

How did CSR perform over the long term?

See historical performance and comparison

Dividends

6.2%

Current Dividend Yield

56%

Payout Ratio

Does CSR pay a reliable dividends?

See CSR dividend history and benchmarks

When do you need to buy CSR by to receive an upcoming dividend?
CSR dividend dates
Ex Dividend Date	May 27 2022
Dividend Pay Date	Jul 01 2022
Days until Ex dividend	3 days
Days until Dividend pay date	38 days

Does CSR pay a reliable dividends?

See CSR dividend history and benchmarks

New valuation analysis is now available for all ASX stocks. This is in beta.

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

-3.5%

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 (-3.5% per year).

Earnings vs Market: CSR's earnings are forecast to decline over the next 3 years (-3.5% 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 (4.7% 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 (18.6%).

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.

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

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

6.20%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: CSR's dividend (6.2%) is higher than the bottom 25% of dividend payers in the Australian market (2.55%).

High Dividend: CSR's dividend (6.2%) is in the top 25% of dividend payers in the Australian market (6.11%)

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.

Discover strong dividend paying companies

Management

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

2.3yrs

Average management tenure

CEO

Julie Coates (58 yo)

2.67yrs

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 ($USD2.18M) is above average for companies of similar size in the Australian market ($USD1.38M).

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 (2.3 years average tenure).

Board Members

Experienced Board: CSR's board of directors are considered experienced (5 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/23 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31