AIM:CRPR

Stock Analysis Report

Executive Summary

James Cropper PLC manufactures and sells papers products and advanced materials.


Snowflake Analysis

High growth potential with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has James Cropper's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.9%

CRPR

-0.3%

GB Forestry

0.5%

GB Market


1 Year Return

20.8%

CRPR

12.8%

GB Forestry

7.0%

GB Market

Return vs Industry: CRPR exceeded the UK Forestry industry which returned 12.8% over the past year.

Return vs Market: CRPR exceeded the UK Market which returned 7% over the past year.


Shareholder returns

CRPRIndustryMarket
7 Day-7.9%-0.3%0.5%
30 Day-9.9%-2.9%-0.3%
90 Day2.1%8.3%0.4%
1 Year22.4%20.8%17.8%12.8%12.6%7.0%
3 Year15.0%11.6%45.4%-1.7%18.7%3.6%
5 Year222.5%204.3%132.6%46.8%41.8%9.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is James Cropper undervalued compared to its fair value and its price relative to the market?

43.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CRPR (£12.25) is trading above our estimate of fair value (£1.46)

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


Price To Earnings Ratio

PE vs Industry: CRPR is poor value based on its PE Ratio (43.1x) compared to the Forestry industry average (11.7x).

PE vs Market: CRPR is poor value based on its PE Ratio (43.1x) compared to the UK market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: CRPR is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: CRPR is overvalued based on its PB Ratio (5.3x) compared to the XE Forestry industry average (1.2x).


Next Steps

Future Growth

How is James Cropper forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

34.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CRPR's forecast earnings growth (34.2% per year) is above the savings rate (0.5%).

Earnings vs Market: CRPR's earnings (34.2% per year) are forecast to grow faster than the UK market (12.4% per year).

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

Revenue vs Market: CRPR's revenue (5.5% per year) is forecast to grow faster than the UK market (3.6% per year).

High Growth Revenue: CRPR'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: CRPR's Return on Equity is forecast to be high in 3 years time (20.9%)


Next Steps

Past Performance

How has James Cropper performed over the past 5 years?

7.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CRPR has high quality earnings.

Growing Profit Margin: CRPR's current net profit margins (2.6%) are lower than last year (3.1%).


Past Earnings Growth Analysis

Earnings Trend: CRPR's earnings have grown by 7.7% per year over the past 5 years.

Accelerating Growth: CRPR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CRPR had negative earnings growth (-13.2%) over the past year, making it difficult to compare to the Forestry industry average (-8.6%).


Return on Equity

High ROE: CRPR's Return on Equity (12.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is James Cropper's financial position?


Financial Position Analysis

Short Term Liabilities: CRPR's short term assets (£37.9M) exceed its short term liabilities (£16.0M).

Long Term Liabilities: CRPR's short term assets (£37.9M) exceed its long term liabilities (£37.6M).


Debt to Equity History and Analysis

Debt Level: CRPR's debt to equity ratio (51.3%) is considered high.

Reducing Debt: CRPR's debt to equity ratio has increased from 29.9% to 51.3% over the past 5 years.

Debt Coverage: CRPR's debt is well covered by operating cash flow (39.5%).

Interest Coverage: CRPR's interest payments on its debt are well covered by EBIT (7.7x coverage).


Balance Sheet

Inventory Level: CRPR has a high level of physical assets or inventory.

Debt Coverage by Assets: CRPR's debt is covered by short term assets (assets are 3.4x debt).


Next Steps

Dividend

What is James Cropper's current dividend yield, its reliability and sustainability?

1.10%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%1.9%markettop25%5.2%industryaverage4.1%forecastin3Years1.1%

Current dividend yield vs market & industry

Notable Dividend: CRPR's dividend (1.1%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.95%).

High Dividend: CRPR's dividend (1.1%) is low compared to the top 25% of dividend payers in the UK market (5.2%).


Stability and Growth of Payments

Stable Dividend: CRPR's dividends per share have been stable in the past 10 years.

Growing Dividend: CRPR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.5%), CRPR's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CRPR's dividends in 3 years are forecast to be well covered by earnings (20.4% payout ratio).


Next Steps

Management

What is the CEO of James Cropper's salary, the management and board of directors tenure and is there insider trading?

5.9yrs

Average management tenure


CEO

Phil Wild (50yo)

7.2yrs

Tenure

UK£247,000

Compensation

Mr. Philip I. Wild, BEng, also known as Phil, serves as the Managing Director of James Cropper Converting Limited and James Cropper Speciality Papers Ltd. Mr. Wild has been the Chief Executive Officer of J ...


CEO Compensation Analysis

Compensation vs Market: Phil's total compensation ($USD325.46K) is below average for companies of similar size in the UK market ($USD623.89K).

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


Management Age and Tenure

5.9yrs

Average Tenure

55yo

Average Age

Experienced Management: CRPR's management team is seasoned and experienced (5.9 years average tenure).


Board Age and Tenure

6.5yrs

Average Tenure

54yo

Average Age

Experienced Board: CRPR's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

Insider Buying: CRPR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£14,70017 Sep 19
Martin Thompson
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares1,200
Max PriceUK£12.25
BuyUK£63,00017 Jul 19
Philip Wild
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares6,000
Max PriceUK£10.50
BuyUK£423,46817 Jul 19
Mark A. Cropper
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares40,400
Max PriceUK£10.50
SellUK£21,74522 Mar 19
Isabelle Maddock
EntityIndividual
Role
Member of the Board of Directors
Group Finance Director & Executive Director
Shares2,243
Max PriceUK£9.73

Ownership Breakdown

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


Management Team

  • Patrick Willink (55yo)

    CTO & Executive Director

    • Tenure: 21.8yrs
    • Compensation: UK£168.00k
  • James Cropper (81yo)

    Honorary President

    • Tenure: 6.4yrs
  • Isabelle Maddock (51yo)

    Group Finance Director & Executive Director

    • Tenure: 5.4yrs
    • Compensation: UK£191.00k
  • Phil Wild (50yo)

    CEO & Executive Director

    • Tenure: 7.2yrs
    • Compensation: UK£247.00k
  • Martin Thompson (60yo)

    Executive Director

    • Tenure: 6.5yrs
    • Compensation: UK£214.00k
  • Karl Watson (55yo)

    COO & Executive Director

    • Tenure: 5.9yrs
    • Compensation: UK£184.00k
  • Jim Aldridge

    Company Secretary

    • Tenure: 4.1yrs
  • Steve Adams (54yo)

    MD of Paper Division & Executive Director

    • Tenure: 2.9yrs
    • Compensation: UK£178.00k
  • Caroline Noble

    Head of Information

    • Tenure: 0yrs
  • Kate Rowling

    Head of Health

    • Tenure: 0yrs

Board Members

  • Drew Hosty (54yo)

    Senior Independent Non-Executive Director

    • Tenure: 0yrs
    • Compensation: UK£17.00k
  • Patrick Willink (55yo)

    CTO & Executive Director

    • Tenure: 21.8yrs
    • Compensation: UK£168.00k
  • Mark A. Cropper (45yo)

    Chairman of the Board

    • Tenure: 9.4yrs
    • Compensation: UK£93.00k
  • Isabelle Maddock (51yo)

    Group Finance Director & Executive Director

    • Tenure: 5.4yrs
    • Compensation: UK£191.00k
  • Jim Sharp (52yo)

    Non-Executive Director

    • Tenure: 10.3yrs
    • Compensation: UK£35.00k
  • Phil Wild (50yo)

    CEO & Executive Director

    • Tenure: 7.2yrs
    • Compensation: UK£247.00k
  • Martin Thompson (60yo)

    Executive Director

    • Tenure: 6.5yrs
    • Compensation: UK£214.00k
  • Karl Watson (55yo)

    COO & Executive Director

    • Tenure: 5.9yrs
    • Compensation: UK£184.00k
  • Steve Adams (54yo)

    MD of Paper Division & Executive Director

    • Tenure: 2.9yrs
    • Compensation: UK£178.00k
  • Lyndsey Scott (57yo)

    Non-Executive Director

    • Tenure: 0.3yrs

Company Information

James Cropper PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: James Cropper PLC
  • Ticker: CRPR
  • Exchange: AIM
  • Founded: 1845
  • Industry: Paper Products
  • Sector: Materials
  • Market Cap: UK£117.046m
  • Shares outstanding: 9.55m
  • Website: https://www.cropper.com

Number of Employees


Location

  • James Cropper PLC
  • Burneside Mills
  • Kendal
  • Cumbria
  • LA9 6PZ
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRPRAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJan 1992
6JCBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 1992

Biography

James Cropper PLC manufactures and sells papers products and advanced materials. It operates through Paper, Colourform, and Technical Fibre Products divisions. The company offers specialty papers and board ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/12 20:33
End of Day Share Price2019/12/12 00:00
Earnings2019/09/28
Annual Earnings2019/03/30


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.