LSE:CRST

Stock Analysis Report

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Executive Summary

Crest Nicholson Holdings plc builds homes in the United Kingdom. More Details


Snowflake Analysis

Reasonable growth potential and slightly overvalued.


Similar Companies

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 more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: CRST's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of UK stocks.


Market Performance


7 Day Return

-1.7%

CRST

-3.3%

GB Consumer Durables

-0.4%

GB Market


1 Year Return

-21.0%

CRST

-5.1%

GB Consumer Durables

-10.0%

GB Market

Return vs Industry: CRST underperformed the UK Consumer Durables industry which returned -5.1% over the past year.

Return vs Market: CRST underperformed the UK Market which returned -10.1% over the past year.


Shareholder returns

CRSTIndustryMarket
7 Day-1.7%-3.3%-0.4%
30 Day38.0%25.4%13.6%
90 Day53.2%17.0%6.4%
1 Year-21.0%-21.0%-3.4%-5.1%-6.4%-10.0%
3 Year-29.5%-40.1%10.2%-4.7%1.6%-10.9%
5 Year-28.6%-45.1%35.1%5.3%27.5%-1.5%

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

Valuation

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

10.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CRST (£3.04) is trading below our estimate of fair value (£3.38)

Significantly Below Fair Value: CRST is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CRST is unprofitable, so we can't compare its PE Ratio to the GB Consumer Durables industry average.

PE vs Market: CRST is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CRST's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CRST is good value based on its PB Ratio (1x) compared to the GB Consumer Durables industry average (1.2x).


Next Steps

Future Growth

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

73.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRST is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: CRST is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CRST's is expected to become profitable in the next 3 years.

Revenue vs Market: CRST's revenue (10.1% per year) is forecast to grow faster than the UK market (6.8% per year).

High Growth Revenue: CRST's revenue (10.1% 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 (8.9%).


Next Steps

Past Performance

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

-10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRST is currently unprofitable.

Growing Profit Margin: CRST is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CRST is unprofitable, and losses have increased over the past 5 years at a rate of 10.9% per year.

Accelerating Growth: Unable to compare CRST's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CRST is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-44.6%).


Return on Equity

High ROE: CRST has a negative Return on Equity (-1.23%), as it is currently unprofitable.


Next Steps

Financial Health

How is Crest Nicholson Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CRST's short term assets (£1.5B) exceed its short term liabilities (£352.5M).

Long Term Liabilities: CRST's short term assets (£1.5B) exceed its long term liabilities (£495.8M).


Debt to Equity History and Analysis

Debt Level: CRST's debt to equity ratio (43.2%) is considered high.

Reducing Debt: CRST's debt to equity ratio has increased from 31.3% to 43.2% over the past 5 years.

Debt Coverage: CRST's debt is not well covered by operating cash flow (7.6%).

Interest Coverage: CRST is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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

3.56%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CRST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CRST's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CRST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CRST's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CRST is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CRST's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Peter Truscott (57 yo)

1.17yrs

Tenure

UK£1,597,605

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 ($USD2.13M) is above average for companies of similar size in the UK market ($USD1.04M).

Compensation vs Earnings: Insufficient data to compare Peter's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Peter Truscott
CEO & Director1.17yrsUK£1.60m0.12%
£ 911.3k
Duncan Cooper
Group Finance Director & Director1.42yrsUK£362.31k0.059%
£ 459.6k
Tom Nicholson
COO & Director0.83yrno data0.013%
£ 101.7k
Eleni Psarompa-Rothwell
Group Technical & Quality Directorno datano datano data
Kevin Maguire
General Counsel & Company Secretaryno datano data0.028%
£ 216.6k
Darren Dancey
Managing Director of Crest Nicholson South West3.25yrsno datano data
Ben Miller
Managing Director of Crest Nicholson Midlandsno datano datano data
Trevor Selwyn
Managing Director of Londonno datano datano data
Scott Black
Managing Director of Crest Nicholson Regenerationno datano datano data
John Shelbourne
Managing Director of Crest Nicholson Southno datano datano data
Andrew Dobson
Managing Director of Crest Strategic Projectsno datano datano data
Jon Cook
Managing Director of Crest Nicholson Chilternno datano datano data

1.5yrs

Average Tenure

46yo

Average Age

Experienced Management: CRST's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Peter Truscott
CEO & Director1.17yrsUK£1.60m0.12%
£ 911.3k
Duncan Cooper
Group Finance Director & Director1.42yrsUK£362.31k0.059%
£ 459.6k
Tom Nicholson
COO & Director0.83yrno data0.013%
£ 101.7k
Iain G. Ferguson
Independent Non-Executive Chairman1yrUK£25.00k0.039%
£ 303.6k
Lucinda Bell
Independent Non-Executive Director2.5yrsUK£52.00k0.0045%
£ 35.4k
Octavia Morley
Senior Independent Director0.67yrUK£60.00k0.0022%
£ 17.0k
Sharon Flood
Independent Non-Executive Director5.58yrsUK£60.00k0.0089%
£ 69.5k
Louise Hardy
Independent Non-Executive Director2.83yrsUK£52.00kno data

1.3yrs

Average Tenure

55yo

Average Age

Experienced Board: CRST's board of directors are not considered experienced ( 1.3 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 bought more shares than they have sold 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£779.572m
  • Shares outstanding: 256.78m
  • Website: https://www.crestnicholson.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRSTLSE (London Stock Exchange)YesOrdinary SharesGBGBPFeb 2013
C38DB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2013
CRSTLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPFeb 2013

Biography

Crest Nicholson Holdings plc builds homes in the United Kingdom. It develops and sells apartments, houses, regeneration schemes, and garden villages, as well as commercial properties. The company serves fi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/28 19:59
End of Day Share Price2020/11/27 00:00
Earnings2020/04/30
Annual Earnings2019/10/31


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.