LSE:CSP

Stock Analysis Report

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Executive Summary

Countryside Properties PLC operates as a home builder and urban regeneration partner in the United Kingdom. More Details


Snowflake Analysis

Undervalued with high growth potential.


Similar Companies

Share Price & News

How has Countryside Properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CSP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.3%

CSP

-5.6%

GB Consumer Durables

-3.7%

GB Market


1 Year Return

-6.0%

CSP

-19.9%

GB Consumer Durables

-19.3%

GB Market

Return vs Industry: CSP exceeded the UK Consumer Durables industry which returned -20.6% over the past year.

Return vs Market: CSP exceeded the UK Market which returned -19.7% over the past year.


Shareholder returns

CSPIndustryMarket
7 Day-1.3%-5.6%-3.7%
30 Day-2.9%0.5%-4.2%
90 Day17.1%-2.7%-4.3%
1 Year-3.9%-6.0%-18.7%-19.9%-16.2%-19.3%
3 Year0.4%-8.3%-17.1%-28.1%-13.3%-24.0%
5 Yearn/a16.4%-9.5%10.2%-14.6%

Price Volatility Vs. Market

How volatile is Countryside Properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Countryside Properties undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CSP (£3.32) is trading below our estimate of fair value (£8.16)

Significantly Below Fair Value: CSP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CSP is good value based on its PE Ratio (10.1x) compared to the GB Consumer Durables industry average (13.7x).

PE vs Market: CSP is good value based on its PE Ratio (10.1x) compared to the UK market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: CSP is good value based on its PEG Ratio (0.3x)


Price to Book Ratio

PB vs Industry: CSP is overvalued based on its PB Ratio (1.7x) compared to the GB Consumer Durables industry average (1x).


Next Steps

Future Growth

How is Countryside Properties forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

35.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CSP's forecast earnings growth (35.2% per year) is above the savings rate (1.2%).

Earnings vs Market: CSP's earnings (35.2% per year) are forecast to grow faster than the UK market (23.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CSP's revenue (21.5% per year) is forecast to grow faster than the UK market (5.8% per year).

High Growth Revenue: CSP's revenue (21.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CSP's Return on Equity is forecast to be low in 3 years time (15.8%).


Next Steps

Past Performance

How has Countryside Properties performed over the past 5 years?

31.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CSP has a high level of non-cash earnings.

Growing Profit Margin: CSP's current net profit margins (12.1%) are lower than last year (12.9%).


Past Earnings Growth Analysis

Earnings Trend: CSP's earnings have grown significantly by 31.3% per year over the past 5 years.

Accelerating Growth: CSP's earnings growth over the past year (1%) is below its 5-year average (31.3% per year).

Earnings vs Industry: CSP earnings growth over the past year (1%) exceeded the Consumer Durables industry -41.5%.


Return on Equity

High ROE: CSP's Return on Equity (16.6%) is considered low.


Next Steps

Financial Health

How is Countryside Properties's financial position?


Financial Position Analysis

Short Term Liabilities: CSP's short term assets (£1.5B) exceed its short term liabilities (£372.9M).

Long Term Liabilities: CSP's short term assets (£1.5B) exceed its long term liabilities (£474.8M).


Debt to Equity History and Analysis

Debt Level: CSP's debt to equity ratio (33.5%) is considered satisfactory.

Reducing Debt: CSP's debt to equity ratio has reduced from 16286.4% to 33.5% over the past 5 years.

Debt Coverage: CSP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: CSP's interest payments on its debt are well covered by EBIT (35.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Countryside Properties's current dividend yield, its reliability and sustainability?

3.02%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CSP'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 CSP's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CSP'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?

1.4yrs

Average management tenure


CEO

Iain McPherson

0.75

Tenure

Mr. Iain McPherson serves as Director of Countryside Properties PLC since January 01, 2020. He serves as Group Chief Executive in January 2020 and served as Chief Executive of Partnerships South at Country ...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Scott
Group CFO & Director2yrsUK£915.00k0.017%
£ 298.2k
Iain McPherson
Group Chief Executive & Director0.75yrno data0.024%
£ 407.4k
Gary Whitaker
General Counsel & Company Secretary4.92yrsno data0.056%
£ 975.3k
Nick Worrall
Group Chief People Officer6.08yrsno data0.060%
£ 1.0m
Victoria Prior
Managing Director of Corporate Affairs0.58yrno datano data
Phillip Lyons
Interim Chief Executive of Partnerships North3.42yrsno datano data
Mike Woolliscroft
Chief Executive of Partnerships South0.75yrno datano data
Philip Chapman
Interim Chief Executive of Housebuilding0.75yrno datano data

1.4yrs

Average Tenure

Experienced Management: CSP's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Scott
Group CFO & Director2yrsUK£915.00k0.017%
£ 298.2k
Iain McPherson
Group Chief Executive & Director0.75yrno data0.024%
£ 407.4k
David Howell
Independent Non-Executive Chairman4.83yrsUK£175.00k0.012%
£ 206.7k
William Townsend
Non-Executive Director1.58yrsUK£29.00k0.0042%
£ 72.8k
Amanda Burton
Independent Non-Executive Director4.83yrsUK£55.00k0.0025%
£ 43.7k
Sally Morgan
Independent Non-Executive Director4.83yrsUK£50.00k0.0022%
£ 38.4k
Douglas Hurt
Senior Independent Non-Executive Director2.75yrsUK£60.00k0.0027%
£ 47.0k

2.8yrs

Average Tenure

61yo

Average Age

Experienced Board: CSP's board of directors are not considered experienced ( 2.8 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: CSP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.5%.


Top Shareholders

Company Information

Countryside Properties PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Countryside Properties PLC
  • Ticker: CSP
  • Exchange: LSE
  • Founded: 1958
  • Industry: Homebuilding
  • Sector: Consumer Durables
  • Market Cap: UK£1.729b
  • Shares outstanding: 520.67m
  • Website: https://www.countrysideproperties.com

Number of Employees


Location

  • Countryside Properties PLC
  • Countryside House
  • The Drive
  • Brentwood
  • Essex
  • CM13 3AT
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSPL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2016
CSPLSE (London Stock Exchange)YesOrdinary SharesGBGBPFeb 2016
CSPLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPFeb 2016
6CODB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2016
CUSP.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDOct 2018

Biography

Countryside Properties PLC operates as a home builder and urban regeneration partner in the United Kingdom. It operates through two segments, Partnerships and Housebuilding. The Partnerships segment specia ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 22:15
End of Day Share Price2020/10/29 00:00
Earnings2020/03/31
Annual Earnings2019/09/30


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.