Cairn Homes plc operates as a homebuilder in Ireland.
Cairn Homes Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£0.99|
|52 Week High||UK£0.69|
|52 Week Low||UK£1.01|
|1 Month Change||1.96%|
|3 Month Change||12.26%|
|1 Year Change||41.45%|
|3 Year Change||-28.36%|
|5 Year Change||3.88%|
|Change since IPO||29.31%|
Recent News & Updates
|CRN||GB Consumer Durables||GB Market|
Return vs Industry: CRN underperformed the UK Consumer Durables industry which returned 48.5% over the past year.
Return vs Market: CRN exceeded the UK Market which returned 23.1% over the past year.
Stable Share Price: CRN is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CRN's weekly volatility (4%) has been stable over the past year.
About the Company
Cairn Homes plc operates as a homebuilder in Ireland. The company develops and sells residential properties. It is also involved in the rental of properties.
Cairn Homes Fundamentals Summary
|CRN fundamental statistics|
Is CRN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CRN income statement (TTM)|
|Cost of Revenue||€257.65m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.024|
|Net Profit Margin||5.75%|
How did CRN perform over the long term?See historical performance and comparison
4.6%Current Dividend Yield
Is Cairn Homes undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CRN (£0.99) is trading below our estimate of fair value (£9.04)
Significantly Below Fair Value: CRN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CRN is poor value based on its PE Ratio (48.4x) compared to the UK Consumer Durables industry average (15x).
PE vs Market: CRN is poor value based on its PE Ratio (48.4x) compared to the UK market (23.5x).
Price to Earnings Growth Ratio
PEG Ratio: CRN is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: CRN is good value based on its PB Ratio (1.1x) compared to the GB Consumer Durables industry average (1.6x).
How is Cairn Homes forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRN's forecast earnings growth (50.7% per year) is above the savings rate (0.9%).
Earnings vs Market: CRN's earnings (50.7% per year) are forecast to grow faster than the UK market (13.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CRN's revenue (24% per year) is forecast to grow faster than the UK market (5.4% per year).
High Growth Revenue: CRN's revenue (24% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CRN's Return on Equity is forecast to be low in 3 years time (9.5%).
How has Cairn Homes performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRN has high quality earnings.
Growing Profit Margin: CRN's current net profit margins (5.8%) are lower than last year (10.4%).
Past Earnings Growth Analysis
Earnings Trend: CRN's earnings have grown significantly by 35.2% per year over the past 5 years.
Accelerating Growth: CRN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CRN had negative earnings growth (-46.9%) over the past year, making it difficult to compare to the Consumer Durables industry average (17.3%).
Return on Equity
High ROE: CRN's Return on Equity (2.4%) is considered low.
How is Cairn Homes's financial position?
Financial Position Analysis
Short Term Liabilities: CRN's short term assets (€1.0B) exceed its short term liabilities (€65.3M).
Long Term Liabilities: CRN's short term assets (€1.0B) exceed its long term liabilities (€188.1M).
Debt to Equity History and Analysis
Debt Level: CRN's debt to equity ratio (24.1%) is considered satisfactory.
Reducing Debt: CRN's debt to equity ratio has increased from 22.3% to 24.1% over the past 5 years.
Debt Coverage: CRN's debt is well covered by operating cash flow (27.1%).
Interest Coverage: CRN's interest payments on its debt are well covered by EBIT (3.7x coverage).
What is Cairn Homes's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CRN's dividend (4.6%) is higher than the bottom 25% of dividend payers in the UK market (1.36%).
High Dividend: CRN's dividend (4.6%) is in the top 25% of dividend payers in the UK market (3.95%)
Stability and Growth of Payments
Stable Dividend: CRN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CRN's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (111.3%), CRN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CRN's dividends in 3 years are forecast to be well covered by earnings (42.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Stanley (55 yo)
Mr. Michael Stanley is a Co-Founder of Cairn Homes plc. Mr. Stanley serves as the Chief Executive Officer of Cairn Homes plc since June 2015 and has been its Executive Director since November 12, 2014. He...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD610.26K) is below average for companies of similar size in the UK market ($USD967.12K).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Experienced Management: CRN's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Experienced Board: CRN's board of directors are considered experienced (6.4 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Cairn Homes plc's employee growth, exchange listings and data sources
- Name: Cairn Homes plc
- Ticker: CRN
- Exchange: LSE
- Founded: 2014
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: UK£741.683m
- Shares outstanding: 749.93m
- Website: https://www.cairnhomes.com
Number of Employees
- Cairn Homes plc
- 7 Grand Canal
- Grand Canal Street Lower
- Co. Dublin
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 21:43|
|End of Day Share Price||2021/09/23 00:00|
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.