SPR

Springfield PropertiesAIM:SPR Stock Report

Market Cap

UK£157.6m

7D

1.3%

1Y

71.1%

Updated

18 Sep, 2021

Data

Company Financials +
SPR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends3/6

SPR Overview

Springfield Properties Plc, together with its subsidiary, engages in the house building business in the United Kingdom.

Price History & Performance

Summary of all time highs, changes and price drops for Springfield Properties
Historical stock prices
Current Share PriceUK£1.54
52 Week HighUK£0.82
52 Week LowUK£1.75
Beta1.46
1 Month Change-0.65%
3 Month Change-6.67%
1 Year Change71.11%
3 Year Change23.20%
5 Year Changen/a
Change since IPO32.19%

Recent News & Updates

Sep 17
Springfield Properties (LON:SPR) Will Pay A Larger Dividend Than Last Year At UK£0.044

Springfield Properties (LON:SPR) Will Pay A Larger Dividend Than Last Year At UK£0.044

Springfield Properties Plc ( LON:SPR ) has announced that it will be increasing its dividend on the 9th of December to...

Jul 02
Analysts' Revenue Estimates For Springfield Properties Plc (LON:SPR) Are Surging Higher

Analysts' Revenue Estimates For Springfield Properties Plc (LON:SPR) Are Surging Higher

Springfield Properties Plc ( LON:SPR ) shareholders will have a reason to smile today, with the analysts making...

Shareholder Returns

SPRGB Consumer DurablesGB Market
7D1.3%0.5%-1.0%
1Y71.1%37.7%19.2%

Return vs Industry: SPR exceeded the UK Consumer Durables industry which returned 37.7% over the past year.

Return vs Market: SPR exceeded the UK Market which returned 19.2% over the past year.

Price Volatility

Is SPR's price volatile compared to industry and market?
SPR volatility
SPR Beta1.46
Industry Beta1.54
Market Beta1

Stable Share Price: SPR is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SPR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1956603Innes Smithhttps://www.springfield.co.uk

Springfield Properties Plc, together with its subsidiary, engages in the house building business in the United Kingdom. The company operates in Private Housing and Affordable markets. It is also involved in hiring plants and machineries, property development, buys and sells real estate and residential property, and management services.

Springfield Properties Fundamentals Summary

How do Springfield Properties's earnings and revenue compare to its market cap?
SPR fundamental statistics
Market CapUK£157.62m
Earnings (TTM)UK£13.71m
Revenue (TTM)UK£216.69m

11.5x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPR income statement (TTM)
RevenueUK£216.69m
Cost of RevenueUK£177.90m
Gross ProfitUK£38.80m
ExpensesUK£25.09m
EarningsUK£13.71m

Last Reported Earnings

May 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.14
Gross Margin17.90%
Net Profit Margin6.33%
Debt/Equity Ratio30.6%

How did SPR perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

42%

Payout Ratio

Does SPR pay a reliable dividends?

See SPR dividend history and benchmarks
When do you need to buy SPR by to receive an upcoming dividend?
Springfield Properties dividend dates
Ex Dividend DateNov 04 2021
Dividend Pay DateDec 09 2021
Days until Ex dividend46 days
Days until Dividend pay date81 days

Does SPR pay a reliable dividends?

See SPR dividend history and benchmarks

Valuation

Is Springfield Properties undervalued compared to its fair value and its price relative to the market?

11.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SPR (£1.54) is trading above our estimate of fair value (£0.88)

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


Price To Earnings Ratio

PE vs Industry: SPR is good value based on its PE Ratio (11.5x) compared to the UK Consumer Durables industry average (14.3x).

PE vs Market: SPR is good value based on its PE Ratio (11.5x) compared to the UK market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: SPR is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: SPR is good value based on its PB Ratio (1.4x) compared to the GB Consumer Durables industry average (1.6x).


Future Growth

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

12.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPR's forecast earnings growth (12.2% per year) is above the savings rate (0.9%).

Earnings vs Market: SPR's earnings (12.2% per year) are forecast to grow slower than the UK market (13.3% per year).

High Growth Earnings: SPR's earnings are forecast to grow, but not significantly.

Revenue vs Market: SPR's revenue (8.7% per year) is forecast to grow faster than the UK market (5% per year).

High Growth Revenue: SPR's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPR's Return on Equity is forecast to be low in 3 years time (15.4%).


Past Performance

How has Springfield Properties performed over the past 5 years?

17.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPR has high quality earnings.

Growing Profit Margin: SPR's current net profit margins (6.3%) are higher than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: SPR's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: SPR's earnings growth over the past year (79.3%) exceeds its 5-year average (17.6% per year).

Earnings vs Industry: SPR earnings growth over the past year (79.3%) exceeded the Consumer Durables industry 17.3%.


Return on Equity

High ROE: SPR's Return on Equity (12.3%) is considered low.


Financial Health

How is Springfield Properties's financial position?


Financial Position Analysis

Short Term Liabilities: SPR's short term assets (£196.3M) exceed its short term liabilities (£87.3M).

Long Term Liabilities: SPR's short term assets (£196.3M) exceed its long term liabilities (£9.9M).


Debt to Equity History and Analysis

Debt Level: SPR's debt to equity ratio (30.6%) is considered satisfactory.

Reducing Debt: SPR's debt to equity ratio has reduced from 102.4% to 30.6% over the past 5 years.

Debt Coverage: SPR's debt is well covered by operating cash flow (155.2%).

Interest Coverage: SPR's interest payments on its debt are well covered by EBIT (15.9x coverage).


Balance Sheet


Dividend

What is Springfield Properties's current dividend yield, its reliability and sustainability?

3.73%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 19 2021Ex Dividend DateNov 04 2021Dividend Pay DateDec 09 202135 days from Ex DividendBuy in the next 46 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SPR's dividend (3.73%) is higher than the bottom 25% of dividend payers in the UK market (1.34%).

High Dividend: SPR's dividend (3.73%) is low compared to the top 25% of dividend payers in the UK market (3.92%).


Stability and Growth of Payments

Stable Dividend: SPR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: SPR's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.7%), SPR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SPR's dividends in 3 years are forecast to be well covered by earnings (39.8% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Innes Smith (51 yo)

8.92yrs

Tenure

UK£247,000

Compensation

Mr. Innes Smith, CA, has been Chief Executive Officer of Springfield Properties PLC since October 2012 and served as its Managing Director until September 15, 2017. Mr. Smith joined Springfield Properties...


CEO Compensation Analysis

Compensation vs Market: Innes's total compensation ($USD339.72K) is below average for companies of similar size in the UK market ($USD558.41K).

Compensation vs Earnings: Innes's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SPR's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: SPR's board of directors are seasoned and experienced ( 10.7 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SPR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Company Information

Springfield Properties Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Springfield Properties Plc
  • Ticker: SPR
  • Exchange: AIM
  • Founded: 1956
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: UK£157.620m
  • Shares outstanding: 102.35m
  • Website: https://www.springfield.co.uk

Number of Employees


Location

  • Springfield Properties Plc
  • Alexander Fleming House
  • 8 Southfield Drive
  • Elgin
  • Morayshire
  • IV30 6GR
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 17:40
End of Day Share Price2021/09/17 00:00
Earnings2021/05/31
Annual Earnings2021/05/31


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.