Crest Nicholson Holdings plc

LSE:CRST Stock Report

Market Cap: UK£425.7m

Crest Nicholson Holdings Valuation

Is CRST 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: CRST (£1.66) is trading above our estimate of fair value (£0.65)

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

Key Valuation Metric

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

Key metric: As CRST is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CRST. This is calculated by dividing CRST's market cap by their current revenue.
What is CRST's PS Ratio?
PS Ratio0.7x
SalesUK£632.30m
Market CapUK£425.75m

Price to Sales Ratio vs Peers

How does CRST's PS Ratio compare to its peers?

The above table shows the PS ratio for CRST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
GLE MJ Gleeson
0.8x10.7%UK£292.5m
BOOT Henry Boot
1x10.7%UK£296.7m
SPR Springfield Properties
0.4x3.7%UK£111.0m
CRN Cairn Homes
1.8x7.7%UK£1.2b
CRST Crest Nicholson Holdings
0.7x4.5%UK£425.7m

Price-To-Sales vs Peers: CRST is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1x).

Price to Sales Ratio vs Industry

How does CRST's PS Ratio compare vs other companies in the GB Consumer Durables Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
VCP Victoria
0.06x1.3%US$92.35m
NTBR Northern Bear
0.1x5.8%US$9.73m
No more companies available in this PS range
CRST 0.7xIndustry Avg. 0.7xNo. of Companies5PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CRST is good value based on its Price-To-Sales Ratio (0.7x) compared to the UK Consumer Durables industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

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

CRST PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: CRST is expensive based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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 CRST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.66
UK£2.05
+23.6%
12.0%UK£2.55UK£1.70n/a12
Dec ’25UK£1.65
UK£2.07
+25.1%
12.8%UK£2.55UK£1.68n/a12
Nov ’25UK£1.68
UK£2.20
+30.8%
10.3%UK£2.55UK£1.80n/a12
Oct ’25UK£1.89
UK£2.33
+23.7%
12.0%UK£2.80UK£1.80n/a12
Sep ’25UK£2.05
UK£2.39
+16.1%
14.4%UK£3.07UK£1.80n/a12
Aug ’25UK£2.64
UK£2.55
-3.3%
12.9%UK£3.07UK£1.80n/a10
Jul ’25UK£2.45
UK£2.46
+0.5%
10.7%UK£2.80UK£1.80n/a10
Jun ’25UK£2.37
UK£2.26
-4.3%
13.2%UK£2.64UK£1.75n/a11
May ’25UK£1.87
UK£2.28
+21.8%
14.1%UK£2.80UK£1.75n/a11
Apr ’25UK£1.93
UK£2.25
+16.5%
15.7%UK£2.80UK£1.60n/a11
Mar ’25UK£2.15
UK£2.25
+4.7%
15.7%UK£2.80UK£1.60n/a11
Feb ’25UK£2.07
UK£2.25
+8.6%
15.7%UK£2.80UK£1.60n/a11
Jan ’25UK£2.17
UK£2.19
+0.7%
23.4%UK£3.31UK£1.30n/a11
Dec ’24UK£1.92
UK£2.18
+13.5%
23.4%UK£3.31UK£1.30UK£1.6511
Nov ’24UK£1.66
UK£2.19
+32.3%
21.9%UK£3.22UK£1.40UK£1.6811
Oct ’24UK£1.74
UK£2.21
+27.1%
22.0%UK£3.45UK£1.40UK£1.8913
Sep ’24UK£1.78
UK£2.35
+32.0%
25.1%UK£3.46UK£1.40UK£2.0512
Aug ’24UK£2.14
UK£2.63
+22.9%
19.4%UK£3.46UK£1.50UK£2.6412
Jul ’24UK£1.88
UK£2.67
+41.7%
16.1%UK£3.46UK£2.00UK£2.4512
Jun ’24UK£2.48
UK£2.72
+9.5%
16.2%UK£3.50UK£2.10UK£2.3711
May ’24UK£2.69
UK£2.64
-1.9%
16.9%UK£3.50UK£2.10UK£1.8711
Apr ’24UK£2.18
UK£2.57
+17.5%
19.1%UK£3.50UK£1.80UK£1.9311
Mar ’24UK£2.37
UK£2.56
+7.7%
17.3%UK£3.50UK£1.80UK£2.1512
Feb ’24UK£2.44
UK£2.56
+5.0%
17.6%UK£3.50UK£1.80UK£2.0712
Jan ’24UK£2.37
UK£2.51
+5.9%
17.5%UK£3.50UK£1.70UK£2.1712
Dec ’23UK£2.33
UK£2.52
+8.5%
14.7%UK£3.50UK£2.10UK£1.9212

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 01:19
End of Day Share Price 2024/12/30 00:00
Earnings2024/04/30
Annual Earnings2023/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Crest Nicholson Holdings plc is covered by 23 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Emily BiddulphBarclays
Paul Daniel CheckettsBarclays
Jonathan BellBarclays