Crest Nicholson Holdings plc

LSE:CRST Stock Report

Mkt Cap: UK£609.1m

We’ve recently updated our valuation analysis.

Crest Nicholson Holdings Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

CRST 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/Revenue0.4x
Enterprise Value/EBITDA2.3x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CRST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.3x
CRN Cairn Homes
10.5x12.5%UK£592.5m
BOOT Henry Boot
7.6x-8.4%UK£315.7m
RDW Redrow
8.5x-16.2%UK£1.7b
GLE MJ Gleeson
6.7x0.2%UK£234.9m
CRST Crest Nicholson Holdings
23.6x14.1%UK£623.9m

Price-To-Earnings vs Peers: CRST is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the peer average (8.3x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-0.8%
n/an/an/a

Price-To-Earnings vs Industry: CRST is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the UK Consumer Durables industry average (10.8x)


Price to Earnings Ratio vs Fair Ratio

What is CRST'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.

CRST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.6x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: CRST is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).


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 (£2.44) is trading above our estimate of fair value (£0.95)

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


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£2.44
UK£2.56
+5.1%
17.6%UK£3.50UK£1.80n/a12
Jan ’24UK£2.37
UK£2.51
+5.9%
17.5%UK£3.50UK£1.70n/a12
Dec ’23UK£2.33
UK£2.52
+8.5%
14.7%UK£3.50UK£2.10n/a12
Nov ’23UK£2.03
UK£2.86
+40.7%
26.6%UK£4.60UK£2.10n/a11
Oct ’23UK£1.83
UK£3.36
+83.5%
21.6%UK£4.60UK£2.20n/a11
Sep ’23UK£2.23
UK£3.81
+71.0%
15.9%UK£5.00UK£2.90n/a11
Aug ’23UK£2.80
UK£3.94
+40.5%
15.1%UK£5.00UK£2.90n/a12
Jul ’23UK£2.47
UK£3.96
+60.5%
14.6%UK£5.00UK£2.90n/a12
Jun ’23UK£2.62
UK£3.99
+51.9%
11.6%UK£4.80UK£3.10n/a12
May ’23UK£2.53
UK£4.09
+61.4%
11.4%UK£4.80UK£3.10n/a12
Apr ’23UK£2.70
UK£4.20
+55.8%
12.4%UK£5.10UK£3.10n/a12
Mar ’23UK£2.86
UK£4.29
+49.7%
8.8%UK£5.10UK£3.65n/a13
Feb ’23UK£3.21
UK£4.36
+35.8%
10.0%UK£5.10UK£3.65UK£2.4413
Jan ’23UK£3.72
UK£4.43
+19.0%
11.7%UK£5.30UK£3.40UK£2.3713
Dec ’22UK£3.27
UK£4.40
+34.6%
12.9%UK£5.30UK£3.40UK£2.3312
Nov ’22UK£3.50
UK£4.44
+26.7%
13.0%UK£5.30UK£3.40UK£2.0312
Oct ’22UK£3.78
UK£4.40
+16.4%
14.3%UK£5.20UK£3.01UK£1.8312
Sep ’22UK£4.15
UK£4.31
+3.7%
14.6%UK£5.19UK£3.01UK£2.2312
Aug ’22UK£4.15
UK£4.31
+3.8%
14.6%UK£5.19UK£3.01UK£2.8012
Jul ’22UK£4.27
UK£4.21
-1.6%
16.3%UK£5.19UK£3.01UK£2.4712
Jun ’22UK£4.59
UK£3.87
-15.7%
15.8%UK£5.10UK£3.01UK£2.6212
May ’22UK£4.09
UK£3.80
-7.0%
14.3%UK£4.74UK£3.01UK£2.5313
Apr ’22UK£4.12
UK£3.72
-9.6%
14.0%UK£4.74UK£3.01UK£2.7013
Mar ’22UK£3.42
UK£3.36
-1.5%
8.2%UK£4.00UK£2.80UK£2.8613
Feb ’22UK£3.26
UK£3.25
-0.4%
14.3%UK£4.00UK£2.05UK£3.2113

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


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