Cairn Homes plc

LSE:CRN Stock Report

Market Cap: UK£1.1b

Cairn Homes Valuation

Is CRN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CRN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CRN (£1.69) is trading above our estimate of fair value (£1.31)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CRN?

Other financial metrics that can be useful for relative valuation.

CRN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA10x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does CRN's PE Ratio compare to its peers?

The above table shows the PE ratio for CRN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.6x
BOOT Henry Boot
27.2x25.5%UK£307.4m
VTY Vistry Group
12x14.5%UK£3.1b
GLE MJ Gleeson
18.7x16.3%UK£361.3m
BWY Bellway
16.4x14.3%UK£3.6b
CRN Cairn Homes
11.4x5.5%UK£1.1b

Price-To-Earnings vs Peers: CRN is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (18.6x).

Price to Earnings Ratio vs Industry

How does CRN's PE Ratio compare vs other companies in the European Consumer Durables Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.2%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.2%
 n/an/an/a
No more companies

Price-To-Earnings vs Industry: CRN is good value based on its Price-To-Earnings Ratio (11.4x) compared to the European Consumer Durables industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is CRN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CRN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.4x
Fair PE Ratio14.2x

Price-To-Earnings vs Fair Ratio: CRN is good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (14.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CRN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.69
UK£1.74
+2.7%
0.1%UK£1.74UK£1.74n/a2
Oct ’25UK£1.62
UK£1.74
+7.3%
0.1%UK£1.74UK£1.74n/a2
Sep ’25UK£1.64
UK£1.74
+6.0%
1.4%UK£1.76UK£1.70n/a3
Aug ’25UK£1.61
UK£1.70
+5.4%
2.4%UK£1.75UK£1.65n/a3
Jul ’25UK£1.32
UK£1.72
+29.8%
3.1%UK£1.78UK£1.65n/a3
Jun ’25UK£1.46
UK£1.72
+17.9%
3.1%UK£1.78UK£1.65n/a3
May ’25UK£1.37
UK£1.66
+21.1%
7.0%UK£1.77UK£1.50n/a3
Apr ’25UK£1.36
UK£1.63
+19.5%
5.7%UK£1.71UK£1.50n/a3
Mar ’25UK£1.24
UK£1.63
+31.7%
5.7%UK£1.71UK£1.50n/a3
Feb ’25UK£1.21
UK£1.58
+30.5%
5.8%UK£1.67UK£1.49n/a2
Jan ’25UK£1.16
UK£1.47
+27.3%
8.3%UK£1.61UK£1.31n/a3
Dec ’24UK£1.08
UK£1.47
+36.5%
8.3%UK£1.61UK£1.31n/a3
Nov ’24UK£1.00
UK£1.41
+41.7%
8.9%UK£1.59UK£1.30n/a3
Oct ’24UK£0.95
UK£1.39
+45.6%
6.2%UK£1.51UK£1.30UK£1.623
Sep ’24UK£1.00
UK£1.37
+36.7%
7.4%UK£1.50UK£1.25UK£1.643
Aug ’24UK£0.93
UK£1.37
+46.9%
7.4%UK£1.50UK£1.25UK£1.613
Jul ’24UK£1.00
UK£1.37
+36.9%
8.3%UK£1.52UK£1.25UK£1.323
Jun ’24UK£0.90
UK£1.37
+51.7%
8.3%UK£1.52UK£1.25UK£1.463
May ’24UK£0.91
UK£1.37
+51.5%
8.9%UK£1.53UK£1.24UK£1.373
Apr ’24UK£0.90
UK£1.37
+52.5%
8.9%UK£1.53UK£1.24UK£1.363
Mar ’24UK£0.85
UK£1.28
+50.8%
6.1%UK£1.36UK£1.20UK£1.242
Feb ’24UK£0.86
UK£1.28
+48.5%
6.1%UK£1.36UK£1.20UK£1.212
Jan ’24UK£0.79
UK£1.34
+69.8%
7.3%UK£1.44UK£1.20UK£1.163
Dec ’23UK£0.79
UK£1.34
+68.3%
7.3%UK£1.44UK£1.20UK£1.083
Nov ’23UK£0.83
UK£1.35
+61.7%
6.5%UK£1.43UK£1.20UK£1.004
Oct ’23UK£0.73
UK£1.35
+84.8%
6.5%UK£1.43UK£1.20UK£0.954

Analyst Forecast: Target price is less than 20% higher than the current share price.

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