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Castleton Technology

DB:RD2D
Snowflake Description

Solid track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RD2D
DB
£86M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Castleton Technology plc, an investment holding company, provides software and managed services to the public and not-for-profit sectors in the United Kingdom and Australia. The last earnings update was 163 days ago. More info.


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RD2D Share Price and Events
7 Day Returns
-0.8%
DB:RD2D
8.9%
DE IT
2.5%
DE Market
1 Year Returns
32.2%
DB:RD2D
7.8%
DE IT
-6.7%
DE Market
RD2D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Castleton Technology (RD2D) -0.8% 11% 13.1% 32.2% 19.2% 572.2%
DE IT 8.9% 12.7% -3.8% 7.8% 152.7% 231.2%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • RD2D outperformed the IT industry which returned 7.8% over the past year.
  • RD2D outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
RD2D
Industry
5yr Volatility vs Market

Value

 Is Castleton Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Castleton Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Castleton Technology.

DB:RD2D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:RD2D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
IT Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.06 (1 + (1- 19%) (5.57%))
1.072
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.072 * 6.65%)
7.36%

Discounted Cash Flow Calculation for DB:RD2D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Castleton Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:RD2D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.36%)
2019 4.80 Analyst x1 4.47
2020 6.10 Analyst x1 5.29
2021 7.04 Est @ 15.48% 5.69
2022 7.81 Est @ 10.9% 5.88
2023 8.41 Est @ 7.7% 5.90
2024 8.87 Est @ 5.46% 5.80
2025 9.22 Est @ 3.89% 5.61
2026 9.48 Est @ 2.79% 5.37
2027 9.67 Est @ 2.02% 5.10
2028 9.81 Est @ 1.48% 4.82
Present value of next 10 years cash flows £53.94
DB:RD2D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £9.81 × (1 + 0.23%) ÷ (7.36% – 0.23%)
£137.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £137.93 ÷ (1 + 7.36%)10
£67.82
DB:RD2D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £53.94 + £67.82
£121.76
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £121.76 / 81.60
£1.49
DB:RD2D Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RD2D represents 1.14151x of AIM:CTP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.14151x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.49 x 1.14151
€1.70
Value per share (EUR) From above. €1.70
Current discount Discount to share price of €1.21
= -1 x (€1.21 - €1.70) / €1.70
29%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Castleton Technology is available for.
Intrinsic value
29%
Share price is €1.21 vs Future cash flow value of €1.7
Current Discount Checks
For Castleton Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Castleton Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Castleton Technology's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Castleton Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Castleton Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RD2D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in GBP £0.05
AIM:CTP Share Price ** AIM (2019-04-18) in GBP £1.06
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 25.76x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Castleton Technology.

DB:RD2D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:CTP Share Price ÷ EPS (both in GBP)

= 1.06 ÷ 0.05

20.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castleton Technology is good value based on earnings compared to the DE IT industry average.
  • Castleton Technology is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Castleton Technology's expected growth come at a high price?
Raw Data
DB:RD2D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-50.6%per year
Germany IT Industry PEG Ratio Median Figure of 14 Publicly-Listed IT Companies 1.57x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:RD2D PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.81x ÷ -50.6%

-0.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castleton Technology earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Castleton Technology's assets?
Raw Data
DB:RD2D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in GBP £0.27
AIM:CTP Share Price * AIM (2019-04-18) in GBP £1.06
Germany IT Industry PB Ratio Median Figure of 24 Publicly-Listed IT Companies 4.07x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:RD2D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:CTP Share Price ÷ Book Value per Share (both in GBP)

= 1.06 ÷ 0.27

3.98x

* Primary Listing of Castleton Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castleton Technology is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess Castleton Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Castleton Technology has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Castleton Technology expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-50.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Castleton Technology expected to grow at an attractive rate?
  • Castleton Technology's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Castleton Technology's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Castleton Technology's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RD2D Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RD2D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -50.6%
DB:RD2D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 10.9%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 23.7%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 16.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:RD2D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RD2D Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 30 8 2 1
2019-03-31 27 6 1 1
DB:RD2D Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-09-30 25 5 4
2018-06-30 24 5 4
2018-03-31 23 4 4
2017-12-31 22 4 2
2017-09-30 21 4 0
2017-06-30 21 4 0
2017-03-31 20 4 0
2016-12-31 20 2 1
2016-09-30 19 0 1
2016-06-30 19 -1 0
2016-03-31 18 -2 -1
2015-12-31 15 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Castleton Technology's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Castleton Technology's revenue is expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RD2D Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Castleton Technology Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RD2D Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 0.02 0.02 0.02 1.00
2019-03-31 0.02 0.02 0.02 1.00
DB:RD2D Past Financials Data
Date (Data in GBP Millions) EPS *
2018-09-30 0.05
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.03
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 0.00
2016-03-31 -0.02
2015-12-31 -0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Castleton Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Castleton Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Castleton Technology has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Castleton Technology performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Castleton Technology's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Castleton Technology has delivered over 20% year on year earnings growth in the past 5 years.
  • Castleton Technology's 1-year earnings growth exceeds its 5-year average (776.6% vs 64.2%)
  • Castleton Technology's earnings growth has exceeded the DE IT industry average in the past year (776.6% vs 18.1%).
Earnings and Revenue History
Castleton Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Castleton Technology Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RD2D Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 25.41 4.04 12.84
2018-06-30 24.34 4.08 12.14
2018-03-31 23.28 4.12 11.44
2017-12-31 22.30 2.29 10.96
2017-09-30 21.33 0.46 10.49
2017-06-30 20.80 0.46 10.31
2017-03-31 20.27 0.46 10.14
2016-12-31 19.75 0.52 9.62
2016-09-30 19.24 0.58 9.11
2016-06-30 18.61 -0.27 8.49
2016-03-31 17.99 -1.13 7.87
2015-12-31 15.33 -2.42 7.59
2015-09-30 12.66 -3.71 7.32
2015-06-30 9.36 -3.33 5.39
2015-03-31 6.05 -2.94 3.46
2014-12-31 3.96 -1.79 2.53
2014-09-30 1.87 -0.64 1.60
2014-06-30 0.93 -0.94 1.35
2014-03-31 -1.25 1.10
2013-12-31 -1.52 1.03
2013-09-30 -1.78 0.97
2013-06-30 -1.77 0.85
2013-03-31 -1.76 0.74
2012-09-30 5.11 -0.62 4.01
2012-06-30 23.03 -0.82 11.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Castleton Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Castleton Technology used its assets more efficiently than the DE IT industry average last year based on Return on Assets.
  • Castleton Technology has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Castleton Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Castleton Technology has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Castleton Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Castleton Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Castleton Technology's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Castleton Technology's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Castleton Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Castleton Technology Company Filings, last reported 6 months ago.

DB:RD2D Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 21.30 4.82 0.18
2018-06-30 21.30 4.82 0.18
2018-03-31 18.51 5.73 0.51
2017-12-31 18.51 5.73 0.51
2017-09-30 16.31 6.44 0.57
2017-06-30 16.31 6.44 0.57
2017-03-31 15.51 7.82 0.59
2016-12-31 15.51 7.82 0.59
2016-09-30 15.39 9.58 0.64
2016-06-30 15.39 9.58 0.64
2016-03-31 14.57 10.30 0.82
2015-12-31 14.57 10.30 0.82
2015-09-30 13.27 6.74 0.55
2015-06-30 13.27 6.74 0.55
2015-03-31 7.52 2.30 0.53
2014-12-31 7.52 2.30 0.53
2014-09-30 2.89 1.38 0.11
2014-06-30 2.89 1.38 0.11
2014-03-31 2.86 0.85 2.79
2013-12-31 2.86 0.85 2.79
2013-09-30 2.91 5.44 0.12
2013-06-30 2.91 5.44 0.12
2013-03-31 23.68 6.89 0.12
2012-09-30 15.38 13.39 0.17
2012-06-30 15.38 13.39 0.17
  • Castleton Technology's level of debt (22.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (185.2% vs 22.6% today).
  • Debt is well covered by operating cash flow (110%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).
X
Financial health checks
We assess Castleton Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Castleton Technology has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Castleton Technology's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Castleton Technology dividends. Estimated to be 1.42% next year.
If you bought €2,000 of Castleton Technology shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Castleton Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Castleton Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:RD2D Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 0.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:RD2D Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-03-31 0.02 1.00
2019-03-31 0.01 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Castleton Technology has not reported any payouts.
  • Unable to verify if Castleton Technology's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Castleton Technology's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Castleton Technology has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Castleton Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Castleton Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Castleton Technology has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Castleton Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dean Dickinson
COMPENSATION £278,000
AGE 57
TENURE AS CEO 2.5 years
CEO Bio

Mr. Dean Robert Dickinson has been the Chief Executive Officer & Executive Director at Castleton Technology plc since October 31, 2016. Mr. Dickinson serves as Managing Director of Advanced Learning. He served as Managing Director of Public Sector & Enterprise Division at Advanced Business Software and Solutions Limited since 2010 until October 12, 2015. He served as Director of public sector and enterprise sales of CedarOpenAccounts. He has been in the Finance software business since 1990. He was part of the Senior Management team at QSP/Arelon prior to the acquisition by COA Solutions at which time he became Deputy Managing Director for the business as a whole. He has over 30 years' operational experience in the software industry. He served as a Director of Walker Inc. Mr. Dickinson is a specialist in consultancy and has a strong knowledge of business process within a high volume/high value environment.

CEO Compensation
  • Dean's compensation has increased by more than 20% in the past year.
  • Dean's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Castleton Technology management team in years:

2.5
Average Tenure
  • The tenure for the Castleton Technology management team is about average.
Management Team

Dean Dickinson

TITLE
CEO & Executive Director
COMPENSATION
£278K
AGE
57
TENURE
2.5 yrs

Haywood Chapman

TITLE
CFO & Executive Director
COMPENSATION
£288K
AGE
45
TENURE
4.3 yrs

Helen Griffiths

TITLE
Company Secretary

Davinder Sanghera

TITLE
Executive Officer
COMPENSATION
£128K
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Castleton Technology board of directors in years:

3.4
Average Tenure
57
Average Age
  • The tenure for the Castleton Technology board of directors is about average.
Board of Directors

David Payne

TITLE
Non-Executive Chairman
COMPENSATION
£43K
AGE
69
TENURE
6 yrs

Dean Dickinson

TITLE
CEO & Executive Director
COMPENSATION
£278K
AGE
57
TENURE
2.5 yrs

Haywood Chapman

TITLE
CFO & Executive Director
COMPENSATION
£288K
AGE
45
TENURE
4.3 yrs

Phil Kelly

TITLE
Senior Independent Non Executive Director
COMPENSATION
£37K
AGE
66

Paul Gibson

TITLE
Non-Executive Director
COMPENSATION
£28K
AGE
53
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Castleton Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Castleton Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Castleton Technology plc, an investment holding company, provides software and managed services to the public and not-for-profit sectors in the United Kingdom and Australia. It operates through Managed Services and Software Solutions segments. The Managed Services segment offers information technology (IT) infrastructure and support for businesses. The Software Solutions segment provides business processes to social landlords covering tenant engagement, rent collection, financial planning and control, document management, and repairs management, as well as integrated software solutions to the housing association sector. The company’s software solutions include AI, a solution for integrating Amazon Alexa services into current applications; Agile, a point of service delivery tool that is designed for field based workforce and customers and enables to complete forms, take photos, link to workflows, view documents, and others; CRM software for social housing sector; Electronic Document and Records Management (EDRM) software to access physical and electronic documents; and Financials, a finance system. Its software solutions also comprise Housing for managing arrears and raising repairs; P2P system, which allows suppliers to submit their invoices, and check the status of orders and invoices, as well as scheduled payment dates; Strategic Modelling, a time-based modelling solution for business leaders in the social housing sector; Castleton.DIGITAL software solution to build Web portals and apps; Community, a housing management solution; and Data Services to combat illegal subletting and validates data. The company was formerly known as Redstone plc. Castleton Technology plc was incorporated in 1997 and is headquartered in Sutton Coldfield, the United Kingdom.

Details
Name: Castleton Technology plc
RD2D
Exchange: DB
Founded: 1997
£100,070,084
81,598,990
Website: http://www.castletonplc.com
Address: Castleton Technology plc
Douglas House,
1 Emmanuel Court,
Sutton Coldfield,
West Midlands, B73 6AZ,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM CTP Ordinary Shares London Stock Exchange AIM Market GB GBP 25. Oct 1999
DB RD2D Ordinary Shares Deutsche Boerse AG DE EUR 25. Oct 1999
Number of employees
Current staff
Staff numbers
169
Castleton Technology employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:14
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/01/10
Last earnings filing: 2018/11/06
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.