New Risk • Jun 02
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €10m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Dividend is not well covered by cash flows (91% cash payout ratio). Significant insider selling over the past 3 months (€10m sold). Announcement • May 16
DCC plc Announces Appointment of Alan Ralph as Non-Executive Director of Cairn Homes Plc, Effective July 1, 2026 DCC plc announced that Mr. Alan Ralph, a non-executive Director of the Company, has been appointed non-executive director of Cairn Homes plc with effect from July 1, 2026. Mr. Alan Ralph is independent Non-Executive Director of Origin Enterprises plc. Announcement • Mar 05
Cairn Homes plc, Annual General Meeting, Apr 30, 2026 Cairn Homes plc, Annual General Meeting, Apr 30, 2026. Announcement • Jan 22
Cairn Homes plc Reaffirms Financial Guidance for the Fiscal Year 2026 Cairn Homes plc reaffirmed financial guidance for the fiscal year 2026. For the period, the company expected Revenue of c.€1.02 billion to c.€1.05 billion and Operating profit of c.€175 million to c.€180 million. Announcement • Mar 26
Cairn Homes plc Announces Retirement of Giles Davies as Independent, Non-Executive Director, on 31 December 2025 Cairn Homes plc announced that Giles Davies, who has served as a non-executive Director since the Company’s IPO in 2015, has informed the Board of his intention to step down from his role as an independent, non-executive Director, on 31 December 2025. During his tenure and reflecting his professional background, Giles played a pivotal role in ensuring sustainability considerations were central to strategic discussions at Board level, supporting the development of Cairn’s sustainability strategy, and culminating in his appointment as the Director responsible for Sustainability & Environmental Impact. Announcement • Feb 28
Cairn Homes plc, Annual General Meeting, May 08, 2025 Cairn Homes plc, Annual General Meeting, May 08, 2025. Announcement • Nov 21
Cairn Homes plc Announces Director and Committee Changes Cairn Homes plc announced the appointment of Ms. Orla O’Connor as an independent non-executive Director, effective 1 January 2025. Following her appointment to the Board, Orla will become a member of the Audit & Risk Committee and the Remuneration Committee. Orla is the Chair of Arthur Cox, one of Ireland’s leading law firms, and a Partner in their Finance Department. She was appointed as Chair of Arthur Cox in 2019 for a term running until 2025 and previously served on the firm’s Management Committee for five years. Orla brings over 25 years’ experience in financial transactions across the finance, property, and private equity sectors to the Board. She is a member of the Electoral Committee at the Football Association of Ireland, a member of the Board at AsIAm and Focus Ireland, and a member of the Council of Chartered Accountants Ireland. Orla has an LL.B degree from Trinity College and a B.C.L. degree from Oxford University. The appointment of Orla is another positive step in ensuring the orderly succession of the Board to support the business in its next stage of growth, following the appointment of Mr. Bernard Byrne as an independent non-executive Director and Chair-Designate, which will also be effective 1 January 2025. As previously announced, Gary Britton, who has been on the Board since the Company’s IPO, will step down as a non-executive Director at the end of this year. There will also be orderly succession on Board Committees, with Orla joining two Board Committees, the Audit & Risk Committee and the Remuneration Committee. The below tablereflects the new composition of each Committee following the changes and will be effective 1 January 2025. Announcement • Aug 29
Cairn Homes plc Announces Board Changes Cairn Homes plc announced the appointment of Mr. Bernard Byrne as an independent non-executive Director and Chair-Designate, effective 1 January 2025. Bernard will succeed current Chair, John Reynolds, who will retire at the end of April 2025, having served as non-executive Chair since Cairn’s IPO in 2015. Bernard will join as a non-executive Director from 1 January 2025 and work closely with John Reynolds and the Board to ensure a seamless transition of Board leadership. Bernard is a Chartered Accountant and brings a wealth of leadership, finance and commercial experience to Cairn as well as a deep understanding of the Irish market and economy. Bernard most recently served as CEO of J+E Davy, Ireland’s largest independent stockbroking and wealth management business and lead the subsequent sale of the business and its integration into the Bank of Ireland Group plc. Prior to this, Bernard served as CEO of AIB Group plc leading the successful rationalisation and IPO of the bank. Before joining AIB Group, Bernard was Group Finance and Commercial Director at ESB, Deputy CEO and Finance Director of IWP International plc and Commercial Director of ESB International. Announcement • May 12
Cairn Homes plc to Report First Half, 2024 Results on Sep 04, 2024 Cairn Homes plc announced that they will report first half, 2024 results on Sep 04, 2024 Upcoming Dividend • Apr 18
Upcoming dividend of €0.032 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 17 May 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (5.0%). Recent Insider Transactions • Apr 13
Executive Director recently sold €446k worth of stock On the 5th of April, Shane Doherty sold around 283k shares on-market at roughly €1.58 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €440k more than they bought in the last 12 months. Recent Insider Transactions • Mar 30
Co-Founder recently bought €208k worth of stock On the 25th of March, Michael Stanley bought around 130k shares on-market at roughly €1.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Declared Dividend • Mar 06
Final dividend of €0.032 announced Shareholders will receive a dividend of €0.032. Ex-date: 25th April 2024 Payment date: 17th May 2024 Dividend yield will be 4.3%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (50% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 6.4% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 15
Cairn Homes plc to Report Fiscal Year 2023 Results on Feb 29, 2024 Cairn Homes plc announced that they will report fiscal year 2023 results on Feb 29, 2024 Announcement • Dec 07
Cairn Homes plc, Annual General Meeting, May 10, 2024 Cairn Homes plc, Annual General Meeting, May 10, 2024. Announcement • Oct 10
Cairn Homes Plc's Chief Financial Officer, Shane Doherty to Step Down in 2024 Cairn Homes plc announced that Shane Doherty has informed the Board of his intention to step down from his role as Executive Director and Chief Financial Officer of Cairn. Shane will leave Cairn in the second half of 2024, after serving more than four years in his role. He will remain with Cairn for a transition period of up to six months beyond his contractual six month notice period, to ensure an orderly succession and support the Company with a smooth transition of responsibilities to his successor after their commencement in the role. The Board will commence a search process for a new CFO imminently. Announcement • Jul 06
Cairn Homes plc Provides Earnings Guidance for the Year 2023 Cairn Homes plc provided earnings guidance for the year 2023. The company expected turnover in excess of €650 million from 1,750 – 1,800 closed new home sales, with second half sales closings including new developments at Parkleigh, Clonburris and Sorrel Wood, Blessington. Within this, Cairn remains on target to deliver over 800 Social & Affordable new homes nationwide; core housebuilding gross margin of c. 21%; and operating profit growth to €105 - €110 million. Upcoming Dividend • Apr 13
Upcoming dividend of €0.031 per share at 6.1% yield Eligible shareholders must have bought the stock before 20 April 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 6.1%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (5.5%). Recent Insider Transactions • Mar 19
Co-Founder recently bought €104k worth of stock On the 15th of March, Michael Stanley bought around 102k shares on-market at roughly €1.02 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Reported Earnings • Mar 04
Full year 2022 earnings released: EPS: €0.12 (vs €0.058 in FY 2021) Full year 2022 results: EPS: €0.12 (up from €0.058 in FY 2021). Revenue: €617.4m (up 46% from FY 2021). Net income: €81.0m (up 87% from FY 2021). Profit margin: 13% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 09
First half 2022 earnings released: EPS: €0 (vs €0.009 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €240.4m (up 84% from 1H 2021). Net income: €27.1m (up 322% from 1H 2021). Profit margin: 11% (up from 4.9% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in the United Kingdom. Board Change • Mar 19
High number of new directors Independent Non-Executive Director Orla O'Gorman was the last director to join the board, commencing their role in 2021. Recent Insider Transactions • Mar 11
Co-Founder recently bought €106k worth of stock On the 4th of March, Michael Stanley bought around 87k shares on-market at roughly €1.22 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.058 (up from €0.017 in FY 2020). Revenue: €424.0m (up 62% from FY 2020). Net income: €43.2m (up 240% from FY 2020). Profit margin: 10% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 42%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Mar 03
High number of new directors Independent Non-Executive Director Orla O'Gorman was the last director to join the board, commencing their role in 2021. Board Change • Jan 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Orla O'Gorman was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Orla O'Gorman was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 15
First half 2021 earnings released: EPS €0.009 (vs €0.002 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €130.6m (up 61% from 1H 2020). Net income: €6.41m (up 434% from 1H 2020). Profit margin: 4.9% (up from 1.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. Executive Departure • Sep 04
Independent Non-Executive Director Jayne McGivern has left the company On the 3rd of September, Jayne McGivern's tenure as Independent Non-Executive Director ended after 2.5 years in the role. We don't have any record of a personal shareholding under Jayne's name. Jayne is the only executive to leave the company over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. 
