CSH Stock Overview
Civitas Social Housing PLC is the first real estate investment trust dedicated to investing exclusively into existing portfolios of built social homes in England and Wales.
Civitas Social Housing Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£0.92|
|52 Week High||UK£1.21|
|52 Week Low||UK£0.85|
|1 Month Change||-2.02%|
|3 Month Change||-12.88%|
|1 Year Change||-10.68%|
|3 Year Change||-8.00%|
|5 Year Change||-11.65%|
|Change since IPO||-10.79%|
Recent News & Updates
|CSH||GB REITs||GB Market|
Return vs Industry: CSH underperformed the UK REITs industry which returned 25.9% over the past year.
Return vs Market: CSH underperformed the UK Market which returned 13.8% over the past year.
|CSH Average Weekly Movement||4.0%|
|REITs Industry Average Movement||2.8%|
|Market Average Movement||4.9%|
|10% most volatile stocks in GB Market||9.7%|
|10% least volatile stocks in GB Market||2.6%|
Stable Share Price: CSH is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: CSH's weekly volatility (4%) has been stable over the past year.
About the Company
Civitas Social Housing PLC is the first real estate investment trust dedicated to investing exclusively into existing portfolios of built social homes in England and Wales. The Company achieved admission to the premium listing segment of the Official List of the London Stock Exchange in November 2016, raising £350 million in an oversubscribed IPO.
Civitas Social Housing Fundamentals Summary
|CSH fundamental statistics|
Is CSH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CSH income statement (TTM)|
|Cost of Revenue||UK£1.18m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.059|
|Net Profit Margin||73.59%|
How did CSH perform over the long term?See historical performance and comparison
6.0%Current Dividend Yield
Is Civitas Social Housing undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CSH (£0.92) is trading below our estimate of fair value (£1.01)
Significantly Below Fair Value: CSH is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CSH is poor value based on its PE Ratio (15.7x) compared to the UK REITs industry average (12.9x).
PE vs Market: CSH is good value based on its PE Ratio (15.7x) compared to the UK market (19x).
Price to Earnings Growth Ratio
PEG Ratio: CSH is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: CSH's PB Ratio (0.8x) is in line with the GB REITs industry average.
How is Civitas Social Housing forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSH's forecast earnings growth (12.5% per year) is above the savings rate (0.9%).
Earnings vs Market: CSH's earnings (12.5% per year) are forecast to grow slower than the UK market (12.6% per year).
High Growth Earnings: CSH's earnings are forecast to grow, but not significantly.
Revenue vs Market: CSH's revenue (7.4% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: CSH's revenue (7.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CSH's Return on Equity is forecast to be low in 3 years time (4.3%).
How has Civitas Social Housing performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSH has high quality earnings.
Growing Profit Margin: CSH's current net profit margins (73.6%) are lower than last year (81.7%).
Past Earnings Growth Analysis
Earnings Trend: CSH's earnings have grown significantly by 28% per year over the past 5 years.
Accelerating Growth: CSH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CSH had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the REITs industry average (141.2%).
Return on Equity
High ROE: CSH's Return on Equity (5.4%) is considered low.
How is Civitas Social Housing's financial position?
Financial Position Analysis
Short Term Liabilities: CSH's short term assets (£119.9M) exceed its short term liabilities (£69.3M).
Long Term Liabilities: CSH's short term assets (£119.9M) do not cover its long term liabilities (£292.7M).
Debt to Equity History and Analysis
Debt Level: CSH's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if CSH's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: CSH's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: CSH's interest payments on its debt are well covered by EBIT (4.9x coverage).
What is Civitas Social Housing current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CSH's dividend (6.03%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).
High Dividend: CSH's dividend (6.03%) is in the top 25% of dividend payers in the UK market (4.17%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CSH has been paying a dividend for less than 10 years.
Growing Dividend: CSH's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (127.6%), CSH's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CSH's dividends in 3 years are forecast to be covered by earnings (94.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Paul Bridge is the Founder of CIM. He serves as Chief Executive at Homes for Haringey. He serves as Chief Executive Officer at Civitas Social Housing PLC.Mr. Bridge served as Interim Executive Directo...
Experienced Board: CSH's board of directors are considered experienced (5.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Civitas Social Housing PLC's employee growth, exchange listings and data sources
- Name: Civitas Social Housing PLC
- Ticker: CSH
- Exchange: LSE
- Founded: NaN
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: UK£569.649m
- Shares outstanding: 615.84m
- Website: https://www.civitassocialhousing.com
- Civitas Social Housing PLC
- 13 Berkeley Street
- Greater London
- W1J 8DU
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/29 23:11|
|End of Day Share Price||2021/11/29 00:00|
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.