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Croda International

LSE:CRDA
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRDA
LSE
£6B
Market Cap
  1. Home
  2. GB
  3. Materials
Company description

Croda International Plc creates, makes, and sells specialty chemicals in Europe, the Middle East, Africa, North America, Asia, and Latin America. The last earnings update was 25 days ago. More info.


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CRDA Share Price and Events
7 Day Returns
0.6%
LSE:CRDA
-0.9%
GB Chemicals
-0.7%
GB Market
1 Year Returns
9.4%
LSE:CRDA
-8.6%
GB Chemicals
1.4%
GB Market
CRDA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Croda International (CRDA) 0.6% -3.3% 5.5% 9.4% 59.5% 86.4%
GB Chemicals -0.9% -4.3% 4.8% -8.6% 15.9% 7.9%
GB Market -0.7% -0.2% 7.6% 1.4% 14.8% 2%
1 Year Return vs Industry and Market
  • CRDA outperformed the Chemicals industry which returned -8.6% over the past year.
  • CRDA outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.4% over the past year.
Price Volatility
CRDA
Industry
5yr Volatility vs Market

Value

 Is Croda International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Croda International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Croda International.

LSE:CRDA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:CRDA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.969 (1 + (1- 19%) (7.76%))
1.02
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.02 * 6.65%)
8.01%

Discounted Cash Flow Calculation for LSE:CRDA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Croda International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:CRDA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 8.01%)
2019 236.28 Analyst x8 218.76
2020 254.86 Analyst x8 218.47
2021 266.02 Analyst x7 211.13
2022 283.13 Analyst x3 208.05
2023 299.53 Analyst x3 203.78
2024 312.13 Est @ 4.21% 196.61
2025 322.47 Est @ 3.31% 188.06
2026 331.13 Est @ 2.69% 178.79
2027 338.58 Est @ 2.25% 169.26
2028 345.15 Est @ 1.94% 159.75
Present value of next 10 years cash flows £1,952.67
LSE:CRDA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £345.15 × (1 + 1.23%) ÷ (8.01% – 1.23%)
£5,152.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £5,152.43 ÷ (1 + 8.01%)10
£2,384.81
LSE:CRDA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,952.67 + £2,384.81
£4,337.48
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £4,337.48 / 130.70
£33.19
LSE:CRDA Discount to Share Price
Calculation Result
Value per share (GBP) From above. £33.19
Current discount Discount to share price of £49.01
= -1 x (£49.01 - £33.19) / £33.19
-47.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Croda International is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Croda International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Croda International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:CRDA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £1.81
LSE:CRDA Share Price ** LSE (2019-03-22) in GBP £49.01
United Kingdom of Great Britain and Northern Ireland Chemicals Industry PE Ratio Median Figure of 12 Publicly-Listed Chemicals Companies 24.52x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 805 Publicly-Listed Companies 15.82x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Croda International.

LSE:CRDA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CRDA Share Price ÷ EPS (both in GBP)

= 49.01 ÷ 1.81

27.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Croda International is overvalued based on earnings compared to the GB Chemicals industry average.
  • Croda International is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Croda International's expected growth come at a high price?
Raw Data
LSE:CRDA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
7%per year
United Kingdom of Great Britain and Northern Ireland Chemicals Industry PEG Ratio Median Figure of 11 Publicly-Listed Chemicals Companies 1.79x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

LSE:CRDA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.02x ÷ 7%

3.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Croda International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Croda International's assets?
Raw Data
LSE:CRDA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £7.52
LSE:CRDA Share Price * LSE (2019-03-22) in GBP £49.01
United Kingdom of Great Britain and Northern Ireland Chemicals Industry PB Ratio Median Figure of 25 Publicly-Listed Chemicals Companies 2.32x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,360 Publicly-Listed Companies 1.48x
LSE:CRDA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CRDA Share Price ÷ Book Value per Share (both in GBP)

= 49.01 ÷ 7.52

6.52x

* Primary Listing of Croda International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Croda International is overvalued based on assets compared to the GB Chemicals industry average.
X
Value checks
We assess Croda International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Croda International has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Croda International expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Croda International expected to grow at an attractive rate?
  • Croda International's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Croda International's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Croda International's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:CRDA Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:CRDA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 7%
LSE:CRDA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 4.1%
United Kingdom of Great Britain and Northern Ireland Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 7.6%
United Kingdom of Great Britain and Northern Ireland Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:CRDA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:CRDA Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,723 381 342 2
2022-12-31 1,643 363 322 3
2021-12-31 1,570 348 300 15
2020-12-31 1,505 340 282 17
2019-12-31 1,447 335 263 17
LSE:CRDA Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 1,387 262 239
2018-09-30 1,378 265 241
2018-06-30 1,369 269 244
2018-03-31 1,371 266 241
2017-12-31 1,373 263 237
2017-09-30 1,358 267 226
2017-06-30 1,342 272 214
2017-03-31 1,293 268 206
2016-12-31 1,244 264 197
2016-09-30 1,185 247 192
2016-06-30 1,126 230 187
2016-03-31 1,104 219 184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Croda International's earnings are expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
  • Croda International's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:CRDA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Croda International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:CRDA Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 2.61 2.61 2.61 1.00
2022-12-31 2.43 2.43 2.43 1.00
2021-12-31 2.26 2.36 2.13 10.00
2020-12-31 2.13 2.18 2.04 10.00
2019-12-31 1.97 2.02 1.91 11.00
LSE:CRDA Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 1.81
2018-09-30 1.84
2018-06-30 1.87
2018-03-31 1.84
2017-12-31 1.81
2017-09-30 1.72
2017-06-30 1.62
2017-03-31 1.55
2016-12-31 1.48
2016-09-30 1.45
2016-06-30 1.43
2016-03-31 1.40

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Croda International is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Croda International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Croda International has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Croda International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Croda International's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Croda International's year on year earnings growth rate has been positive over the past 5 years.
  • Croda International's 1-year earnings growth is less than its 5-year average (0.6% vs 8.5%)
  • Croda International's earnings growth has not exceeded the GB Chemicals industry average in the past year (0.6% vs 1.7%).
Earnings and Revenue History
Croda International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Croda International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:CRDA Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,386.90 238.50 191.40
2018-09-30 1,377.75 241.25 191.55
2018-06-30 1,368.60 244.00 191.70
2018-03-31 1,370.85 240.50 192.95
2017-12-31 1,373.10 237.00 194.20
2017-09-30 1,357.65 225.70 190.35
2017-06-30 1,342.20 214.40 186.50
2017-03-31 1,292.90 205.55 174.25
2016-12-31 1,243.60 196.70 162.00
2016-09-30 1,184.70 191.75 148.10
2016-06-30 1,125.80 186.80 134.20
2016-03-31 1,103.75 183.70 126.65
2015-12-31 1,081.70 180.60 119.10
2015-09-30 1,077.75 177.80 118.40
2015-06-30 1,073.80 175.00 117.70
2015-03-31 1,060.20 170.10 111.65
2014-12-31 1,046.60 165.20 105.60
2014-09-30 1,049.15 169.00 100.40
2014-06-30 1,051.70 172.80 95.20
2014-03-31 1,064.35 175.10 99.90
2013-12-31 1,077.00 177.40 104.60
2013-06-30 1,059.30 171.50 105.70
2013-03-31 1,055.60 167.80 108.00
2012-12-31 1,051.90 164.10 110.30
2012-06-30 1,023.70 162.70 101.80
2012-03-31 1,025.85 162.60 98.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Croda International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Croda International used its assets more efficiently than the GB Chemicals industry average last year based on Return on Assets.
  • Croda International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Croda International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Croda International has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Croda International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Croda International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Croda International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Croda International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Croda International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Croda International Company Filings, last reported 2 months ago.

LSE:CRDA Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 998.00 496.70 71.20
2018-09-30 998.00 496.70 71.20
2018-06-30 907.50 466.10 73.00
2018-03-31 907.50 466.10 73.00
2017-12-31 829.90 444.80 63.30
2017-09-30 829.90 444.80 63.30
2017-06-30 701.60 429.20 61.60
2017-03-31 701.60 429.20 61.60
2016-12-31 608.80 425.10 61.00
2016-09-30 608.80 425.10 61.00
2016-06-30 533.50 515.60 96.20
2016-03-31 533.50 515.60 96.20
2015-12-31 607.30 366.00 106.70
2015-09-30 607.30 366.00 106.70
2015-06-30 520.60 225.50 46.30
2015-03-31 520.60 225.50 46.30
2014-12-31 489.00 227.80 47.60
2014-09-30 489.00 227.80 47.60
2014-06-30 437.80 250.90 48.90
2014-03-31 437.80 250.90 48.90
2013-12-31 419.40 239.70 37.50
2013-06-30 406.60 258.30 36.00
2013-03-31 406.60 258.30 36.00
2012-12-31 344.30 261.50 53.80
2012-06-30 323.10 249.60 41.60
2012-03-31 323.10 249.60 41.60
  • Croda International's level of debt (49.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (57.2% vs 49.8% today).
  • Debt is well covered by operating cash flow (52.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 31.8x coverage).
X
Financial health checks
We assess Croda International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Croda International has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Croda International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.78%
Current annual income from Croda International dividends. Estimated to be 2.63% next year.
If you bought £2,000 of Croda International shares you are expected to receive £36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Croda International's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.08%).
  • Croda International's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.27%).
Upcoming dividend payment

Purchase Croda International on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:CRDA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 704 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.1%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:CRDA Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.18 1.00
2022-12-31 2.11 1.00
2021-12-31 1.32 15.00
2020-12-31 1.22 16.00
2019-12-31 1.23 18.00
LSE:CRDA Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-18 0.870 1.776
2019-02-26 0.870 1.792
2018-07-25 0.840 1.707
2018-03-19 0.810 1.721
2018-02-27 0.810 1.777
2017-03-20 0.740 1.857
2017-02-28 0.740 2.057
2016-03-21 0.715 2.210
2016-02-23 0.715 2.345
2015-04-23 0.678 2.293
2014-02-25 0.668 2.645
2013-07-23 0.640 2.493
2013-02-26 0.616 2.326
2012-02-21 0.570 2.397
2011-03-01 0.363 1.939
2011-02-22 0.363 2.204
2010-03-01 0.223 1.769
2010-02-23 0.223 2.381
2009-07-29 0.208 2.780
2009-03-24 0.205 3.614

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Croda International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Croda International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Croda International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Croda International has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Foots
COMPENSATION £3,430,462
AGE 49
TENURE AS CEO 7.2 years
CEO Bio

Mr. Stephen Edward Foots, also known as Steve, serves as the Chief Executive Officer of Croda International plc since January 1, 2012 and its Executive Director since July 2010. Mr. Foots serves as the President of Croda Europe Limited since July 2010. He served as President of Consumer Care, Europe of Croda International plc. Mr. Foots served as President of Specialties, Europe of Croda International plc until February 2012. Prior to this, he held a number of Managing Director roles across Croda's European business. Mr. Foots joined Croda as a graduate trainee in 1990 and has held a number of senior management positions. He has strong business, operational and strategic leadership, wide-ranging sales and marketing experience. He is Chairman of the Chemical Growth Partnership (CGP).

CEO Compensation
  • Steve's compensation has increased by more than 20% in the past year.
  • Steve's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Croda International management team in years:

4.9
Average Tenure
49
Average Age
  • The tenure for the Croda International management team is about average.
Management Team

Steve Foots

TITLE
Group Chief Executive
COMPENSATION
£3M
AGE
49
TENURE
7.2 yrs

Jez Maiden

TITLE
Group Finance Director & Director
COMPENSATION
£2M
AGE
56
TENURE
4.2 yrs

Conleth Campbell

TITLE
Vice President of Investor Relations & Corporate Finance

Tom Brophy

TITLE
Group General Counsel & Company Secretary
AGE
44
TENURE
6.3 yrs

Anthony Fitzpatrick

TITLE
President of Corporate Development
TENURE
4.9 yrs

Sandra Breene

TITLE
President of Personal Care
TENURE
3.2 yrs

Nick Challoner

TITLE
President of Life Sciences

Stuart Arnott

TITLE
President of Global Operations

Rupark Sarswat

TITLE
Managing Director of Regional Operations - Shiga

Graham Myers

TITLE
Group Financial Controller & Treasurer
Board of Directors Tenure

Average tenure and age of the Croda International board of directors in years:

4.2
Average Tenure
56
Average Age
  • The tenure for the Croda International board of directors is about average.
Board of Directors

Anita Frew

TITLE
Chairman of the Board
COMPENSATION
£244K
AGE
61
TENURE
3.5 yrs

Steve Foots

TITLE
Group Chief Executive
COMPENSATION
£3M
AGE
49
TENURE
8.7 yrs

Jez Maiden

TITLE
Group Finance Director & Director
COMPENSATION
£2M
AGE
56
TENURE
4.2 yrs

Alan Ferguson

TITLE
Senior Independent Director
COMPENSATION
£68K
AGE
60
TENURE
0.9 yrs

Helena Ganczakowski

TITLE
Non-Executive Director
COMPENSATION
£61K
AGE
55
TENURE
5.1 yrs

Keith Layden

TITLE
Non-Executive Director
COMPENSATION
£1M
AGE
58
TENURE
7.1 yrs

Steve Williams

TITLE
Non-Executive Director
COMPENSATION
£69K
AGE
71
TENURE
8.7 yrs

Roberto Cirillo

TITLE
Non-Executive Director
AGE
47
TENURE
0.9 yrs

Jacqui Ferguson

TITLE
Non-Executive Director
AGE
48
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • Croda International insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
12. Mar 19 Sell Maarten Heybroek Individual 12. Mar 19 12. Mar 19 -2,518 £48.44 £-121,969
06. Mar 19 Buy Stuart Arnott Individual 04. Mar 19 04. Mar 19 800 £49.10 £39,266
06. Mar 19 Sell Graham Myers Individual 04. Mar 19 04. Mar 19 -112 £48.97 £-5,484
14. Nov 18 Sell Maarten Heybroek Individual 13. Nov 18 13. Nov 18 -2,000 £48.30 £-96,600
04. Oct 18 Sell Nicholas Challoner Individual 04. Oct 18 04. Oct 18 -3,147 £51.82 £-163,085
06. Sep 18 Buy Thomas Brophy Individual 06. Sep 18 06. Sep 18 55 £50.21 £2,761
07. Aug 18 Buy Thomas Brophy Individual 07. Aug 18 07. Aug 18 827 £51.72 £42,772
31. Jul 18 Sell Thomas Brophy Individual 27. Jul 18 27. Jul 18 -830 £51.29 £-42,574
25. Jul 18 Sell Graham Myers Individual 25. Jul 18 25. Jul 18 -300 £48.97 £-14,690
25. Jul 18 Buy Graham Myers Individual 25. Jul 18 25. Jul 18 300 £48.97 £14,692
21. Jun 18 Sell Graham Myers Individual 20. Jun 18 20. Jun 18 -450 £48.49 £-21,821
21. Jun 18 Buy Graham Myers Individual 20. Jun 18 20. Jun 18 450 £48.48 £21,814
25. May 18 Sell Nicholas Challoner Individual 23. May 18 23. May 18 -3,675 £47.40 £-174,195
X
Management checks
We assess Croda International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Croda International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Interested In Croda International Plc (LON:CRDA)? Here's How It Performed Recently

Today I will assess CRDA's recent performance announced on 31 December 2018 and evaluate these figures to its longer term trend and industry movements. … CRDA's trailing twelve-month earnings (from 31 December 2018) of UK£238m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 8.5%, indicating the rate at which CRDA is growing has slowed down

Simply Wall St -

What Are Analysts Saying About The Future Of Croda International Plc's (LON:CRDA)?

Based on Croda International Plc's (LON:CRDA) earnings update on 31 December 2018, … the consensus outlook from analysts appear fairly confident, … as a 11% increase in profits is expected in the upcoming year,

Simply Wall St -

What Investors Should Know About Croda International Plc's (LON:CRDA) Financial Strength

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Croda International Plc (LON:CRDA), with a market cap of UK£6.4b, are often out of the spotlight. … Don’t forget that this is a general and concentrated examination of Croda International’s financial health, so you should conduct further analysis. … Check out our latest analysis for Croda International

Simply Wall St -

Did Croda International's Share Price Deserve to Gain 92%?

For example, the Croda International Plc (LON:CRDA) share price is up 92% in the last 5 years, clearly besting than the market return of around 25%. … During five years of share price growth, Croda International achieved compound earnings per share (EPS) growth of 8.2% per year. … This EPS growth is lower than the 14% average annual increase in the share price.

Simply Wall St -

How Much is Croda International Plc's (LON:CRDA) CEO Getting Paid?

In 2012 Steve Foots was appointed CEO of Croda International Plc (LON:CRDA). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Steve Foots's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is Croda International Plc (LON:CRDA) A High Quality Stock To Own?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each £1 of shareholders' equity it has, the company made £0.27 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why You Should Care About Croda International Plc’s (LON:CRDA) Cash Levels

If you are currently a shareholder in Croda International Plc (LON:CRDA), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Croda International’s cash flow, which will help you understand the stock from a cash standpoint. … Croda International generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating.

Simply Wall St -

Here's Why Croda International Plc's (LON:CRDA) ROCE Matters

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Read This Before Buying Croda International Plc (LON:CRDA) Shares

We often see insiders buying up shares in companies that perform well over the long term. … Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So we'll take a look at whether insiders have been buying or selling shares in Croda International Plc (LON:CRDA).

Simply Wall St -

How Do Analysts See Croda International Plc (LON:CRDA) Performing In The Year Ahead?

Based on Croda International Plc's (LON:CRDA) earnings update in June 2018,. … conservative, with earnings growth rate expected to be 8.3% next year, which is within range of the past five-year average earnings growth of 8.0% … Presently, with latest-twelve-month earnings at UK£237m, we should see this growing to UK£257m by 2019.

Simply Wall St -

Company Info

Description

Croda International Plc creates, makes, and sells specialty chemicals in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company operates in four segments: Personal Care, Life Sciences, Performance Technologies, and Industrial Chemicals. It offers adhesives; crop protection additives and adjuvants, seed enhancement and animal health chemicals, chemical bio-stimulants, and specialty additives for agricultural films; and lubricant additives, coatings and polymers, vehicle cleaning chemicals, and products for automotive textiles and fibers, as well as specialty additives for plastics, and battery and catalyst industries. The company also provides specialty ingredients for self-tanning, color cosmetics, bath and shower, deodorants, anti-perspirants, depilatories, men's grooming, and oral hygiene, as well as skin, hair, sun, body, and baby care applications; construction chemicals, and bitumen additives; dietary supplements; and advanced materials, and polymer additives for electronics and devices. In addition, it provides chemistries, emulsifiers, fuel and power generation additives, and polymer additives; food additives; specialty polymer additives for furniture and wood applications; household, industrial, and institutional cleaning products; lubricants; oleochemicals; and packaging, print, and paper chemicals. Further, it provides paints and coatings; active pharmaceutical ingredients; thermal management products; plastic and rubber products for food packaging, carrier bags and toys, car bumpers, mobile phones, and home appliances; skin health products; hygiene and industrial nonwovens, botanical extracts, tissues, and textile auxiliaries; and water treatment chemicals. Additionally, the company offers bio-based phase change materials for automotive, building and construction, electronics and devices, and thermal energy storage applications. Croda International Plc was founded in 1925 and is headquartered in Goole, the United Kingdom.

Details
Name: Croda International Plc
CRDA
Exchange: LSE
Founded: 1925
£6,400,562,980
130,703,757
Website: http://www.croda.com
Address: Croda International Plc
Cowick Hall,
Snaith,
Goole,
Yorkshire, DN14 9AA,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CRDA Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK COIH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
BATS-CHIXE CRDAL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
OTCPK COIH.Y ADR NEW Pink Sheets LLC US USD 08. Mar 2011
Number of employees
Current staff
Staff numbers
4,580
Croda International employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 20:34
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.