Crest Nicholson Holdings plc

DB:C38 Stock Report

Market Cap: €527.8m

Crest Nicholson Holdings Valuation

Is C38 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of C38 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€1.01
Fair Value
103.6% overvalued intrinsic discount
12
Number of Analysts

Below Fair Value: C38 (€2.06) is trading above our estimate of fair value (€1.01)

Significantly Below Fair Value: C38 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for C38?

Key metric: As C38 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for C38. This is calculated by dividing C38's market cap by their current revenue.
What is C38's PS Ratio?
PS Ratio0.7x
SalesUK£618.20m
Market CapUK£439.37m

Price to Sales Ratio vs Peers

How does C38's PS Ratio compare to its peers?

The above table shows the PS ratio for C38 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
EIN3 Einhell Germany
0.7x6.0%€732.6m
SUR Surteco Group
0.4x3.9%€322.5m
TNIE tonies
2x18.1%€775.3m
LEI Leifheit
0.6x4.9%€153.1m
C38 Crest Nicholson Holdings
0.7x6.6%€439.4m

Price-To-Sales vs Peers: C38 is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does C38's PS Ratio compare vs other companies in the European Consumer Durables Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
C38 0.7xIndustry Avg. 0.7xNo. of Companies14PS00.40.81.21.62+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: C38 is expensive based on its Price-To-Sales Ratio (0.7x) compared to the European Consumer Durables industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is C38's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

C38 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: C38 is expensive based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst C38 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€2.06
€2.41
+16.9%
10.5%€3.05€2.16n/a12
Feb ’26€2.13
€2.36
+10.8%
11.5%€3.02€2.02n/a12
Jan ’26€2.00
€2.49
+24.4%
12.0%€3.09€2.06n/a12
Dec ’25€1.93
€2.48
+28.5%
12.8%€3.06€2.01n/a12
Nov ’25€1.98
€2.60
+31.8%
10.3%€3.02€2.13n/a12
Oct ’25€2.31
€2.76
+19.9%
12.0%€3.32€2.13n/a12
Sep ’25€2.44
€2.83
+16.1%
14.4%€3.64€2.13n/a12
Aug ’25€3.09
€3.04
-1.7%
12.9%€3.66€2.14n/a10
Jul ’25€2.85
€2.91
+2.4%
10.7%€3.31€2.13n/a10
Jun ’25€2.75
€2.63
-4.1%
13.2%€3.07€2.03n/a11
May ’25€2.20
€2.67
+21.6%
14.1%€3.28€2.05n/a11
Apr ’25€2.26
€2.63
+16.3%
15.7%€3.27€1.87n/a11
Mar ’25€2.48
€2.63
+6.0%
15.7%€3.27€1.87n/a11
Feb ’25€2.42
€2.64
+8.9%
15.7%€3.28€1.88€2.1311
Jan ’25€2.50
€2.53
+1.4%
23.4%€3.83€1.51€2.0011
Dec ’24€2.14
€2.52
+17.7%
23.4%€3.83€1.50€1.9311
Nov ’24€1.83
€2.51
+37.3%
21.9%€3.69€1.61€1.9811
Oct ’24€1.95
€2.55
+30.6%
22.0%€3.98€1.61€2.3113
Sep ’24€2.10
€2.73
+29.9%
25.1%€4.02€1.63€2.4412
Aug ’24€2.48
€3.06
+23.3%
19.4%€4.02€1.74€3.0912
Jul ’24€2.18
€3.12
+43.0%
16.1%€4.04€2.34€2.8512
Jun ’24€2.78
€3.12
+12.3%
16.2%€4.02€2.41€2.7511
May ’24€2.96
€3.01
+1.7%
16.9%€3.99€2.40€2.2011
Apr ’24€2.54
€2.92
+14.9%
19.1%€3.98€2.05€2.2611
Mar ’24€2.76
€2.89
+4.8%
17.3%€3.96€2.04€2.4812
Feb ’24€2.76
€2.92
+5.7%
17.6%€3.99€2.05€2.4212
Analyst Price Target
Consensus Narrative from 12 Analysts
€2.42
Fair Value
14.8% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/07 05:15
End of Day Share Price 2025/02/07 00:00
Earnings2024/10/31
Annual Earnings2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Crest Nicholson Holdings plc is covered by 20 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Emily BiddulphBarclays
Paul Daniel CheckettsBarclays
Jonathan BellBarclays