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Capital & Regional

OTCPK:CRPY.F
Snowflake Description

Very undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRPY.F
OTCPK
£231M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of their local communities. The last earnings update was 181 days ago. More info.


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CRPY.F Share Price and Events
7 Day Returns
0%
OTCPK:CRPY.F
1.3%
US REITs
-0.1%
US Market
1 Year Returns
-
OTCPK:CRPY.F
13.7%
US REITs
2.4%
US Market
CRPY.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capital & Regional (CRPY.F) 0% 0% - - - -
US REITs 1.3% 7.8% 4.3% 13.7% 23.8% 27.8%
US Market -0.1% 4.5% 0.1% 2.4% 46.7% 38.8%
1 Year Return vs Industry and Market
  • No trading data on CRPY.F.
  • No trading data on CRPY.F.
Price Volatility
CRPY.F
Industry
5yr Volatility vs Market

Value

 Is Capital & Regional 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 Capital & Regional 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 Capital & Regional.

OTCPK:CRPY.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Funds From Operations
Levered Funds From Operations Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:CRPY.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.551 (1 + (1- 19%) (209.22%))
1.484
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.48
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.484 * 7.27%)
13.52%

Discounted Cash Flow Calculation for OTCPK:CRPY.F using 2 Stage Free Cash Flow to Equity using Funds From Operations Model

The calculations below outline how an intrinsic value for Capital & Regional is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

Capital & Regional is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

OTCPK:CRPY.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Funds From Operations (FFO) (GBP, Millions) 30.00 31.00 36.58 42.80 49.65
Source Analyst x1 Analyst x1 Est @ 18%, capped from 24.67% Est @ 17%, capped from 24.67% Est @ 16%, capped from 24.67%
Present Value
Discounted (@ 13.52%)
26.43 24.06 25.01 25.78 26.34
Present value of next 5 years cash flows £127.61
OTCPK:CRPY.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £49.65 × (1 + 2.73%) ÷ (13.52% – 2.73%)
£472.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £472.85 ÷ (1 + 13.52%)5
£250.86
OTCPK:CRPY.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £127.61 + £250.86
£378.47
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £378.47 / 726.19
£0.92
OTCPK:CRPY.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:CRPY.F represents 1.50707x of LSE:CAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.50707x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.61 x 1.50707
$0.92
Value per share (USD) From above. $0.92
Current discount Discount to share price of $0.48
= -1 x ($0.48 - $0.92) / $0.92
47.8%

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

Current Discount
Amount off the current price Capital & Regional is available for.
Intrinsic value
48%
Share price is $0.48 vs Future cash flow value of $0.92029
Current Discount Checks
For Capital & Regional to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Capital & Regional's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Capital & Regional's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Capital & Regional's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capital & Regional's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:CRPY.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.02
LSE:CAL Share Price ** LSE (2018-11-14) in GBP £0.32
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 33.04x
United States of America Market PE Ratio Median Figure of 3,051 Publicly-Listed Companies 16.79x

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

** Primary Listing of Capital & Regional.

OTCPK:CRPY.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.32 ÷ 0.02

13.43x

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

  • Capital & Regional is good value based on earnings compared to the US REITs industry average.
  • Capital & Regional is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Capital & Regional's expected growth come at a high price?
Raw Data
OTCPK:CRPY.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
56.2%per year
United States of America REITs Industry PEG Ratio Median Figure of 142 Publicly-Listed REITs Companies 0.99x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

OTCPK:CRPY.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.43x ÷ 56.2%

0.24x

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

  • Capital & Regional is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Capital & Regional's assets?
Raw Data
OTCPK:CRPY.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £0.66
LSE:CAL Share Price * LSE (2018-11-14) in GBP £0.32
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.74x
United States of America Market PB Ratio Median Figure of 5,121 Publicly-Listed Companies 1.8x
OTCPK:CRPY.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.32 ÷ 0.66

0.48x

* Primary Listing of Capital & Regional.

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

  • Capital & Regional is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Capital & Regional'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 REITs 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 REITs industry average (and greater than 0)? (1 check)
  5. Capital & Regional has a total score of 6/6, 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 Capital & Regional expected to perform in the next 1 to 3 years based on estimates from 3 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
56.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capital & Regional expected to grow at an attractive rate?
  • Capital & Regional's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Capital & Regional's earnings growth is expected to exceed the United States of America market average.
  • Capital & Regional's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:CRPY.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:CRPY.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 56.2%
OTCPK:CRPY.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -6.1%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
OTCPK:CRPY.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:CRPY.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 50
2020-12-31 59 34 31 3
2019-12-31 57 32 15 3
2018-12-31 55 31 -56 3
OTCPK:CRPY.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 90 34 17
2018-03-31 90 34 20
2017-12-30 90 34 22
2017-09-30 87 32 11
2017-06-30 84 30 1
2017-03-31 85 31 -2
2016-12-30 87 31 -4
2016-09-30 87 32 23
2016-06-30 86 32 50
2016-03-31 84 25 74
2015-12-30 82 18 98
2015-09-30 78 17 106

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capital & Regional's earnings are expected to grow significantly at over 20% yearly.
  • Capital & Regional's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
OTCPK:CRPY.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Capital & Regional Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CRPY.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.03 0.04 0.02 2.00
2019-12-31 0.02 0.02 0.02 1.00
2018-12-31 -0.08 -0.08 -0.08 1.00
OTCPK:CRPY.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.02
2018-03-31 0.03
2017-12-30 0.03
2017-09-30 0.02
2017-06-30 0.00
2017-03-31 -0.00
2016-12-30 -0.01
2016-09-30 0.03
2016-06-30 0.07
2016-03-31 0.11
2015-12-30 0.14
2015-09-30 0.15

*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.
  • Capital & Regional is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Capital & Regional'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 States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Capital & Regional has a total score of 3/6, 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 Capital & Regional performed over the past 5 years?

  • Capital & Regional's last earnings update was 181 days ago.
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 Capital & Regional's growth in the last year to its industry (REITs).
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.
  • Capital & Regional's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Capital & Regional's 1-year earnings growth exceeds its 5-year average (3300% vs -12.8%)
  • Capital & Regional's earnings growth has exceeded the US REITs industry average in the past year (3300% vs 13.9%).
Earnings and Revenue History
Capital & Regional'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 Capital & Regional Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:CRPY.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 90.40 17.00 9.80
2018-03-31 90.05 19.70 10.00
2017-12-30 89.70 22.40 10.20
2017-09-30 86.80 11.45 10.35
2017-06-30 83.90 0.50 10.50
2017-03-31 85.40 -1.95 10.70
2016-12-30 86.90 -4.40 10.90
2016-09-30 86.55 22.90 10.75
2016-06-30 86.20 50.20 10.60
2016-03-31 83.95 73.90 10.70
2015-12-30 81.70 97.60 10.80
2015-09-30 77.70 105.90 11.40
2015-06-30 73.70 114.20 12.00
2015-03-31 62.30 91.20 11.50
2014-12-30 50.90 68.20 11.00
2014-06-30 34.10 13.40 10.90
2014-03-31 30.00 10.45 11.20
2013-12-30 25.90 7.50 11.50
2013-06-30 18.60 0.80 13.00
2013-03-31 16.20 -5.50 13.30
2012-12-30 13.80 -11.80 13.60
2012-06-30 11.90 -19.00 11.60
2012-03-31 26.20 -4.10 11.40

*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.
  • Capital & Regional has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Capital & Regional used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Capital & Regional has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Capital & Regional'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 REITs 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.
Capital & Regional 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 Capital & Regional'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 Capital & Regional's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capital & Regional is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Capital & Regional's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Capital & Regional'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 not covered by short term assets, assets are 0.1x 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 Capital & Regional Company Filings, last reported 7 months ago.

OTCPK:CRPY.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 476.90 483.90 25.70
2018-03-31 476.90 483.90 25.70
2017-12-30 481.40 485.00 30.20
2017-09-30 481.40 485.00 30.20
2017-06-30 481.10 483.60 31.10
2017-03-31 481.10 483.60 31.10
2016-12-30 477.60 424.30 49.20
2016-09-30 477.60 424.30 49.20
2016-06-30 499.40 484.00 28.50
2016-03-31 499.40 484.00 28.50
2015-12-30 503.20 440.30 49.90
2015-09-30 503.20 440.30 49.90
2015-06-30 470.50 439.80 49.60
2015-03-31 470.50 439.80 49.60
2014-12-30 419.00 462.20 42.60
2014-06-30 198.70 0.00 24.70
2014-03-31 198.70 0.00 24.70
2013-12-30 188.70 0.00 11.10
2013-06-30 183.30 57.10 31.90
2013-03-31 183.30 57.10 31.90
2012-12-30 179.60 60.10 5.30
2012-06-30 186.00 73.10 5.80
2012-03-31 186.00 73.10 5.80
  • Capital & Regional's level of debt (101.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31% vs 101.5% today).
  • Debt is not well covered by operating cash flow (7.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Capital & Regional'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. Capital & Regional has a total score of 1/6, 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 Capital & Regional'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
11.43%
Current annual income from Capital & Regional dividends. Estimated to be 13.02% next year.
If you bought $2,000 of Capital & Regional shares you are expected to receive $229 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?
  • Capital & Regional's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Capital & Regional's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
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
OTCPK:CRPY.F 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 3 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

OTCPK:CRPY.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 2.00
2020-12-31 0.04 5.00
2019-12-31 0.04 5.00
2018-12-31 0.04 5.00
OTCPK:CRPY.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-03-20 0.036 8.691
2017-11-27 0.035 6.390
2017-04-13 0.035 6.299
2017-03-09 0.035 6.138
2016-04-13 0.031 5.397
2016-03-04 0.031 4.855
2015-04-17 0.010 1.508
2015-03-04 0.010 1.662
2014-04-23 0.008 1.643
2014-03-05 0.008 1.703
2013-08-14 0.005 1.144
2012-03-07 0.000 0.000
2010-04-26 0.000 0.000
2010-03-18 0.000 0.000
2009-08-20 0.000 0.000
2009-04-24 0.000 0.000
2009-02-12 0.220 92.010

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Capital & Regional's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (714.3x coverage).
X
Income/ dividend checks
We assess Capital & Regional's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Capital & Regional afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capital & Regional has a total score of 5/6, 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 Capital & Regional'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
Lawrence Hutchings
COMPENSATION £576,592
TENURE AS CEO 1.7 years
CEO Bio

Mr. Lawrence Hutchings has been Chief Executive of Capital & Regional plc since June 12, 2017 and has been its Executive Director since June 13, 2017. Mr. Hutchings has most recently been Managing Director of Asset Management responsible for Blackstone's Australian portfolio and Asia Retail portfolio. Prior to joining Blackstone in 2013, he served as the Managing Director at The Blackstone Group L.P. Previously, he served as Managing Director of UK Retail, Member of Management Board - UK at Hammerson PLC since 2008 until August 2012. He served as a Director of Shopping Centre Investment Management at Hammerson PLC. He joined Hammerson in June 2008, assuming operational responsibility for Hammerson’s UK Shopping Centre portfolio. He worked at Henderson, where he served as a Director of European Retail Asset Management since 2001. Prior to joining Henderson, Mr. Hutchings held senior positions in Australia at AMP Capital, Westfield and Schroders. He has over 20 years of real estate experience. He worked for Henderson Global Investors in Europe and for Westfield, AMP Shopping Centres, Schroders and Merlin in Australia.

CEO Compensation
  • Insufficient data for Lawrence to compare compensation growth.
  • Lawrence's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Capital & Regional management team in years:

0.9
Average Tenure
  • The average tenure for the Capital & Regional management team is less than 2 years, this suggests a new team.
Management Team

Lawrence Hutchings

TITLE
CEO & Director
COMPENSATION
£577K
TENURE
1.7 yrs

Stuart Wetherly

TITLE
Interim Group Finance Director
TENURE
0.5 yrs

James Ryman

TITLE
Investment Director

Helen Mallows

TITLE
Human Resources Manager

Joe Swindells

TITLE
Head of Asset Development
TENURE
0.8 yrs

Stewart McKellar

TITLE
Financial Controller

Glen Fulton

TITLE
General Manager of the Mall - Camberley

John Cook

TITLE
Revenue Manager

Louise Moody

TITLE
Property Manager

Sara Jennings

TITLE
Director of Guest & Customer Experience
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Capital & Regional board of directors in years:

3.1
Average Tenure
61
Average Age
  • The tenure for the Capital & Regional board of directors is about average.
Board of Directors

Hugh Scott-Barrett

TITLE
Non-Executive Chairman of the Board
COMPENSATION
£639K
AGE
60
TENURE
1.7 yrs

Lawrence Hutchings

TITLE
CEO & Director
COMPENSATION
£577K
TENURE
1.7 yrs

Stuart Wetherly

TITLE
Interim Group Finance Director
TENURE
1.1 yrs

Tony Hales

TITLE
Senior Independent Director
COMPENSATION
£51K
AGE
70
TENURE
3.1 yrs

Ian Krieger

TITLE
Non-Executive Director
COMPENSATION
£46K
AGE
65
TENURE
4.2 yrs

Louis Norval

TITLE
Non-Executive Director
COMPENSATION
£41K
AGE
61
TENURE
9.4 yrs

Wessel Hamman

TITLE
Non-Executive Director
COMPENSATION
£41K
AGE
45
TENURE
3.7 yrs

Laura Whyte

TITLE
Non-Executive Director
COMPENSATION
£46K
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Aug 18 Buy Lawrence Hutchings Individual 14. Aug 18 14. Aug 18 41,080 $0.61 $25,233
15. Aug 18 Sell Hugh Scott-Barrett Individual 15. Aug 18 15. Aug 18 -200,000 $0.60 $-119,558
13. Jun 18 Sell Exdiem Trust Company 06. Jun 18 08. Jun 18 -614,498 $0.69 $-423,523
12. Mar 18 Buy Hugh Scott-Barrett Individual 09. Mar 18 09. Mar 18 135,000 $0.74 $100,559
12. Mar 18 Sell Hugh Scott-Barrett Individual 09. Mar 18 09. Mar 18 -110,000 $0.74 $-81,632
X
Management checks
We assess Capital & Regional'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. Capital & Regional 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

Company Info

Map
Description

Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of their local communities. It has a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. £1 billion portfolio of tailored in-town shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange and has a secondary listing on the Johannesburg Stock Exchange. Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. It also has a 20% joint venture interest in the Kingfisher Centre in Redditch. Capital & Regional manages these assets through its in-house expert property and asset management platform.

Details
Name: Capital & Regional Plc
CRPY.F
Exchange: OTCPK
Founded: 1979
£297,495,991
726,189,117
Website: http://www.capreg.com
Address: Capital & Regional Plc
22 Chapter Street,
London,
East Lothian, SW1P 4NP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CAL Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK CRPY.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
JSE CRP Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 02. Jan 1992
BATS-CHIXE CALL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
395
Capital & Regional employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/11 23:55
End of day share price update: 2018/11/14 00:00
Last estimates confirmation: 2019/02/08
Last earnings filing: 2018/08/14
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/30


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.