CRST

Crest Nicholson HoldingsLSE:CRST Stock Report

Market Cap

UK£1.0b

7D

-0.3%

1Y

103.4%

Updated

16 Sep, 2021

Data

Company Financials +
CRST fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance2/6
Financial Health6/6
Dividends3/6

CRST Overview

Crest Nicholson Holdings plc builds homes in the United Kingdom.

Share Price & News

How has Crest Nicholson Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CRST is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CRST's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.3%

CRST

-0.2%

GB Consumer Durables

-0.4%

GB Market


1 Year Return

103.4%

CRST

34.4%

GB Consumer Durables

19.2%

GB Market

Return vs Industry: CRST exceeded the UK Consumer Durables industry which returned 34.4% over the past year.

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


Shareholder returns

CRSTIndustryMarket
7 Day-0.3%-0.2%-0.4%
30 Day-0.4%-2.9%-1.7%
90 Day-3.0%-1.0%1.0%
1 Year103.4%103.4%40.7%34.4%24.1%19.2%
3 Year21.4%11.2%28.4%12.0%17.4%4.3%
5 Year9.8%-11.7%82.7%43.4%36.0%11.1%

Long-Term Price Volatility Vs. Market

How volatile is Crest Nicholson Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Crest Nicholson Holdings Fundamentals Summary

How do Crest Nicholson Holdings's earnings and revenue compare to its market cap?
CRST fundamental statistics
Market CapUK£1.01b
Earnings (TTM)UK£58.80m
Revenue (TTM)UK£762.40m

17.6x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CRST income statement (TTM)
RevenueUK£762.40m
Cost of RevenueUK£627.30m
Gross ProfitUK£135.10m
ExpensesUK£76.30m
EarningsUK£58.80m

Last Reported Earnings

Apr 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.23
Gross Margin17.72%
Net Profit Margin7.71%
Debt/Equity Ratio11.2%

How did CRST perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

18%

Payout Ratio

Does CRST pay a reliable dividends?

See CRST dividend history and benchmarks
When do you need to buy CRST by to receive an upcoming dividend?
Crest Nicholson Holdings dividend dates
Ex Dividend DateSep 23 2021
Dividend Pay DateOct 14 2021
Days until Ex dividend6 days
Days until Dividend pay date27 days

Does CRST pay a reliable dividends?

See CRST dividend history and benchmarks

Valuation

Is Crest Nicholson Holdings undervalued compared to its fair value and its price relative to the market?

17.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CRST (£4.03) is trading above our estimate of fair value (£1.95)

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


Price To Earnings Ratio

PE vs Industry: CRST is poor value based on its PE Ratio (17.6x) compared to the UK Consumer Durables industry average (16.9x).

PE vs Market: CRST is good value based on its PE Ratio (17.6x) compared to the UK market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: CRST is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: CRST is good value based on its PB Ratio (1.2x) compared to the GB Consumer Durables industry average (1.6x).


Future Growth

How is Crest Nicholson Holdings forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRST's forecast earnings growth (16.9% per year) is above the savings rate (0.9%).

Earnings vs Market: CRST's earnings (16.9% per year) are forecast to grow faster than the UK market (13.2% per year).

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

Revenue vs Market: CRST's revenue (5.5% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: CRST's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CRST's Return on Equity is forecast to be low in 3 years time (11.3%).


Past Performance

How has Crest Nicholson Holdings performed over the past 5 years?

-31.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRST has high quality earnings.

Growing Profit Margin: CRST became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CRST's earnings have declined by 31.5% per year over the past 5 years.

Accelerating Growth: CRST has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CRST has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (3.9%).


Return on Equity

High ROE: CRST's Return on Equity (6.8%) is considered low.


Financial Health

How is Crest Nicholson Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CRST's short term assets (£1.4B) exceed its short term liabilities (£364.8M).

Long Term Liabilities: CRST's short term assets (£1.4B) exceed its long term liabilities (£236.9M).


Debt to Equity History and Analysis

Debt Level: CRST's debt to equity ratio (11.2%) is considered satisfactory.

Reducing Debt: CRST's debt to equity ratio has reduced from 26.7% to 11.2% over the past 5 years.

Debt Coverage: CRST's debt is well covered by operating cash flow (235.1%).

Interest Coverage: CRST's interest payments on its debt are well covered by EBIT (8.8x coverage).


Balance Sheet


Dividend

What is Crest Nicholson Holdings's current dividend yield, its reliability and sustainability?

2.03%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 16 2021Ex Dividend DateSep 23 2021Dividend Pay DateOct 14 202121 days from Ex DividendBuy in the next 6 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CRST's dividend (2.03%) is higher than the bottom 25% of dividend payers in the UK market (1.32%).

High Dividend: CRST's dividend (2.03%) is low compared to the top 25% of dividend payers in the UK market (4%).


Stability and Growth of Payments

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

Growing Dividend: CRST's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.9%), CRST's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRST's dividends in 3 years are forecast to be well covered by earnings (39.7% payout ratio).


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Peter Truscott (58 yo)

2yrs

Tenure

UK£739,000

Compensation

Mr. Peter Truscott serves as Chief Executive Officer and Director of Crest Nicholson Holdings plc since September 9, 2019. Mr. Peter Truscott was the Chief Executive of Galliford Try plc since October 1, 2...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD1.02M) is about average for companies of similar size in the UK market ($USD1.34M).

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


Leadership Team

Experienced Management: CRST's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: CRST's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Crest Nicholson Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Crest Nicholson Holdings plc
  • Ticker: CRST
  • Exchange: LSE
  • Founded: 1963
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: UK£1.008b
  • Shares outstanding: 256.74m
  • Website: https://www.crestnicholson.com

Number of Employees


Location

  • Crest Nicholson Holdings plc
  • Crest House
  • Pyrcroft Road
  • Chertsey
  • Surrey
  • KT16 9GN
  • United Kingdom

Listings


Biography

Crest Nicholson Holdings plc builds homes in the United Kingdom. It develops and sells apartments, houses, and regeneration schemes, as well as commercial properties. The company serves first-time buyers,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 17:38
End of Day Share Price2021/09/16 00:00
Earnings2021/04/30
Annual Earnings2020/10/31


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.