Springfield Properties
Market Cap
UK£153.5m
Last Updated
2021/03/06 20:25 UTC
Data Sources
Company Financials +
Executive Summary
Springfield Properties Plc, together with its subsidiary, engages in the house building business in the United Kingdom. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Springfield Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPR is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SPR's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-7.6%
SPR
8.6%
GB Consumer Durables
1.2%
GB Market
1 Year Return
17.3%
SPR
-3.7%
GB Consumer Durables
4.6%
GB Market
Return vs Industry: SPR exceeded the UK Consumer Durables industry which returned -3.7% over the past year.
Return vs Market: SPR exceeded the UK Market which returned 4.6% over the past year.
Shareholder returns
| SPR | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.6% | 8.6% | 1.2% |
| 30 Day | 11.3% | 4.5% | 0.9% |
| 90 Day | 31.5% | 3.6% | 2.4% |
| 1 Year | 20.6%17.3% | -2.1%-3.7% | 10.6%4.6% |
| 3 Year | 38.3%26.6% | 20.6%5.6% | 8.6%-4.5% |
| 5 Year | n/a | 58.0%24.9% | 39.5%12.5% |
Long-Term Price Volatility Vs. Market
How volatile is Springfield Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is It Smart To Buy Springfield Properties Plc (LON:SPR) Before It Goes Ex-Dividend?1 week ago | Simply Wall St
The Springfield Properties (LON:SPR) Share Price Has Gained 27% And Shareholders Are Hoping For More3 weeks ago | Simply Wall St
We're Not So Sure You Should Rely on Springfield Properties' (LON:SPR) Statutory EarningsValuation
Is Springfield Properties undervalued compared to its fair value and its price relative to the market?
15.7x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SPR (£1.53) is trading above our estimate of fair value (£1.14)
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 (15.7x) compared to the GB Consumer Durables industry average (19.5x).
PE vs Market: SPR is good value based on its PE Ratio (15.7x) compared to the UK market (24.1x).
Price to Earnings Growth Ratio
PEG Ratio: SPR is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: SPR is overvalued based on its PB Ratio (1.5x) compared to the GB Consumer Durables industry average (1.3x).
Next Steps
Future Growth
How is Springfield Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
27.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPR's forecast earnings growth (27.2% per year) is above the savings rate (1%).
Earnings vs Market: SPR's earnings (27.2% per year) are forecast to grow faster than the UK market (22.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SPR's revenue (18.1% per year) is forecast to grow faster than the UK market (6.7% per year).
High Growth Revenue: SPR's revenue (18.1% 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 (15.1%).
Next Steps
Past Performance
How has Springfield Properties performed over the past 5 years?
17.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPR has a large one-off gain of £2.2M impacting its November 30 2020 financial results.
Growing Profit Margin: SPR's current net profit margins (6%) are lower than last year (6.7%).
Past Earnings Growth Analysis
Earnings Trend: SPR's earnings have grown by 17.9% per year over the past 5 years.
Accelerating Growth: SPR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SPR had negative earnings growth (-26.9%) over the past year, making it difficult to compare to the Consumer Durables industry average (-44.5%).
Return on Equity
High ROE: SPR's Return on Equity (9.4%) is considered low.
Next Steps
Financial Health
How is Springfield Properties's financial position?
Financial Position Analysis
Short Term Liabilities: SPR's short term assets (£174.4M) exceed its short term liabilities (£56.7M).
Long Term Liabilities: SPR's short term assets (£174.4M) exceed its long term liabilities (£24.3M).
Debt to Equity History and Analysis
Debt Level: SPR's debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SPR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SPR's debt is well covered by operating cash flow (79.3%).
Interest Coverage: SPR's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Springfield Properties's current dividend yield, its reliability and sustainability?
1.70%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPR's dividend (1.7%) is higher than the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: SPR's dividend (1.7%) is low compared to the top 25% of dividend payers in the UK market (4.51%).
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 3 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34%), 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 (32.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Innes Smith (50 yo)
8.42yrs
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 ($USD344.52K) is below average for companies of similar size in the UK market ($USD570.00K).
Compensation vs Earnings: Innes's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Part Time Executive Chairman | 17.17yrs | UK£107.00k | 40.72% £ 62.5m | |
| CEO & Executive Director | 8.42yrs | UK£247.00k | 0.97% £ 1.5m | |
| CFO & Executive Director | 5.42yrs | UK£199.00k | 0.074% £ 113.2k | |
| COO & Managing Director of Dawn Homes | 1.17yrs | no data | no data | |
| Group Director | 3.42yrs | no data | no data | |
| Group Corporate Communications Director | 1.17yrs | no data | no data | |
| Sales Director | no data | no data | no data | |
| Group HR Director | 4.17yrs | no data | no data | |
| Managing Director of Springfield Partnerships | 2.25yrs | no data | no data | |
| Managing Director of North of Scotland Projects | 2.25yrs | no data | no data | |
| Managing Director of Central Belt Scotland Projects | 2.25yrs | no data | no data |
2.8yrs
Average Tenure
50yo
Average Age
Experienced Management: SPR's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Part Time Executive Chairman | 17.17yrs | UK£107.00k | 40.72% £ 62.5m | |
| CEO & Executive Director | 8.42yrs | UK£247.00k | 0.97% £ 1.5m | |
| CFO & Executive Director | 5.42yrs | UK£199.00k | 0.074% £ 113.2k | |
| Independent Non-Executive Director | 2.75yrs | UK£39.00k | 0.015% £ 22.7k | |
| Independent Non-Executive Director | 12.33yrs | UK£39.00k | 0.047% £ 71.9k | |
| Independent Non Executive Director | 10.17yrs | UK£39.00k | 0.028% £ 43.2k | |
| Independent Non-Executive Director | 1.5yrs | UK£27.00k | 0.020% £ 30.5k |
10.2yrs
Average Tenure
55yo
Average Age
Experienced Board: SPR's board of directors are seasoned and experienced ( 10.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.5%.
Top Shareholders
Company Information
Springfield Properties Plc's company bio, 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£153.493m
- Shares outstanding: 100.65m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPR | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Oct 2017 |
Biography
Springfield Properties Plc, together with its subsidiary, engages in the house building business in the United Kingdom. The company operates through two markets, Private Housing and Affordable. It is also ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/06 20:25 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/11/30 |
| Annual Earnings | 2020/05/31 |
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.