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Cairn Homes

DB:C5H
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
C5H
DB
€879M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Cairn Homes plc operates as a homebuilder in Ireland. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
C5H Share Price and Events
7 Day Returns
-0.7%
DB:C5H
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
-16.9%
DB:C5H
2.9%
DE Consumer Durables
8.8%
DE Market
C5H Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cairn Homes (C5H) -0.7% -3.4% 15.1% -16.9% - -
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • C5H underperformed the Consumer Durables industry which returned 2.9% over the past year.
  • C5H underperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
C5H
Industry
5yr Volatility vs Market

Value

 Is Cairn Homes 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 Cairn Homes 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 Cairn Homes.

DB:C5H Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:C5H
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 7.1%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 12.5%) (27.75%))
1.008
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.008 * 7.14%)
7.43%

Discounted Cash Flow Calculation for DB:C5H using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cairn Homes 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:C5H DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.43%)
2020 99.70 Analyst x1 92.81
2021 164.70 Analyst x1 142.71
2022 190.98 Est @ 15.96% 154.05
2023 212.44 Est @ 11.24% 159.51
2024 229.30 Est @ 7.94% 160.27
2025 242.20 Est @ 5.62% 157.57
2026 251.89 Est @ 4% 152.55
2027 259.13 Est @ 2.87% 146.09
2028 264.51 Est @ 2.08% 138.81
2029 268.54 Est @ 1.52% 131.18
Present value of next 10 years cash flows €1,435.00
DB:C5H DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €268.54 × (1 + 0.23%) ÷ (7.43% – 0.23%)
€3,738.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,738.83 ÷ (1 + 7.43%)10
€1,826.44
DB:C5H Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,435.00 + €1,826.44
€3,261.44
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,261.44 / 778.07
€4.19
DB:C5H Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:C5H represents 1.00354x of LSE:CRN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00354x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.19 x 1.00354
€4.21
Value per share (EUR) From above. €4.21
Current discount Discount to share price of €1.13
= -1 x (€1.13 - €4.21) / €4.21
73%

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

Current Discount
Amount off the current price Cairn Homes is available for.
Intrinsic value
>50%
Share price is €1.13 vs Future cash flow value of €4.21
Current Discount Checks
For Cairn Homes to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cairn Homes's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cairn Homes'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 Cairn Homes's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cairn Homes's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:C5H PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.05
LSE:CRN Share Price ** LSE (2019-11-14) in EUR €1.13
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

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

** Primary Listing of Cairn Homes.

DB:C5H PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:CRN Share Price ÷ EPS (both in EUR)

= 1.13 ÷ 0.05

21.17x

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

  • Cairn Homes is overvalued based on earnings compared to the DE Consumer Durables industry average.
  • Cairn Homes is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Cairn Homes's expected growth come at a high price?
Raw Data
DB:C5H PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
25%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:C5H PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.17x ÷ 25%

0.85x

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

  • Cairn Homes is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Cairn Homes's assets?
Raw Data
DB:C5H PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.98
LSE:CRN Share Price * LSE (2019-11-14) in EUR €1.13
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:C5H PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:CRN Share Price ÷ Book Value per Share (both in EUR)

= 1.13 ÷ 0.98

1.16x

* Primary Listing of Cairn Homes.

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

  • Cairn Homes is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Cairn Homes'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Cairn Homes has a total score of 4/6, 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 Cairn Homes 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
25%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cairn Homes expected to grow at an attractive rate?
  • Cairn Homes's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Cairn Homes's earnings growth is expected to exceed the Germany market average.
  • Cairn Homes's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:C5H Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:C5H Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 25%
DB:C5H Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.8%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany 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
DB:C5H Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:C5H Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 662 1
2022-12-31 577 1
2021-12-31 535 183 81 2
2020-12-31 495 116 70 3
2019-12-31 450 122 54 3
2019-11-14
DB:C5H Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 399 94 42
2019-03-31 368 67 36
2018-12-31 337 40 31
2018-09-30 288 -28 21
2018-06-30 238 -97 12
2018-03-31 194 -113 8
2017-12-31 149 -129 4
2017-09-30 108 -119 1
2017-06-30 66 -109 -2
2017-03-31 53 -115 -2
2016-12-31 41 -121 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cairn Homes's earnings are expected to grow significantly at over 20% yearly.
  • Cairn Homes's revenue is expected to grow by 9.8% 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
DB:C5H Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Cairn Homes Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C5H Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.10 0.11 0.09 2.00
2020-12-31 0.09 0.10 0.08 3.00
2019-12-31 0.07 0.07 0.07 3.00
2019-11-14
DB:C5H Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.05
2019-03-31 0.05
2018-12-31 0.04
2018-09-30 0.03
2018-06-30 0.02
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00

*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.
  • Cairn Homes is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cairn Homes'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Cairn Homes has a total score of 4/6, 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 Cairn Homes 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 Cairn Homes's growth in the last year to its industry (Consumer Durables).
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.
  • Cairn Homes has delivered over 20% year on year earnings growth in the past 5 years.
  • Cairn Homes's 1-year earnings growth exceeds its 5-year average (242.8% vs 115.1%)
  • Cairn Homes's earnings growth has exceeded the DE Consumer Durables industry average in the past year (242.8% vs -21.1%).
Earnings and Revenue History
Cairn Homes'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 Cairn Homes Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:C5H Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 399.16 41.93 16.27
2019-03-31 368.09 36.35 16.08
2018-12-31 337.02 30.76 15.88
2018-09-30 287.76 21.50 15.54
2018-06-30 238.50 12.23 15.20
2018-03-31 193.98 8.34 13.81
2017-12-31 149.46 4.45 12.41
2017-09-30 107.77 1.35 11.06
2017-06-30 66.08 -1.76 9.70
2017-03-31 53.49 -1.91 8.77
2016-12-31 40.91 -2.06 7.84
2016-06-30 19.14 0.41 6.23
2015-12-31 3.19 -31.89 3.85

*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.
  • Cairn Homes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cairn Homes used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Cairn Homes has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Cairn Homes'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 Consumer Durables 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.
Cairn Homes has a total score of 5/6, 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 Cairn Homes'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 Cairn Homes's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cairn Homes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cairn Homes's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cairn Homes'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 4.5x 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 Cairn Homes Company Filings, last reported 4 months ago.

DB:C5H Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 775.23 242.71 146.22
2019-03-31 775.23 242.71 146.22
2018-12-31 756.56 196.67 62.23
2018-09-30 756.56 196.67 62.23
2018-06-30 730.28 239.75 46.42
2018-03-31 730.28 239.75 46.42
2017-12-31 721.72 245.20 68.80
2017-09-30 721.72 245.20 68.80
2017-06-30 716.12 171.18 75.13
2017-03-31 716.12 171.18 75.13
2016-12-31 664.37 148.63 45.65
2016-06-30 666.06 148.42 117.08
2015-12-31 497.99 64.06 6.55
  • Cairn Homes's level of debt (31.3%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Cairn Homes's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (38.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.8x coverage).
X
Financial health checks
We assess Cairn Homes'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. Cairn Homes has a total score of 5/6, 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 Cairn Homes'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
0%
Current annual income from Cairn Homes dividends. Estimated to be 10.24% next year.
If you bought €2,000 of Cairn Homes shares you are expected to receive €0 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?
  • Unable to evaluate Cairn Homes's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Cairn Homes's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
DB:C5H 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
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:C5H Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.18 2.00
2020-12-31 0.11 3.00
2019-12-31 0.08 3.00
2019-11-14

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

  • Unable to perform a dividend volatility check as Cairn Homes has not reported any payouts.
  • Unable to verify if Cairn Homes's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Cairn Homes's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cairn Homes has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.6x coverage).
X
Income/ dividend checks
We assess Cairn Homes's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Cairn Homes afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cairn Homes has a total score of 0/6, 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 Cairn Homes'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
Michael Stanley
COMPENSATION €920,000
AGE 53
TENURE AS CEO 0.1 years
CEO Bio

Mr. Michael Stanley is a Co-Founder of Cairn Homes plc. Mr. Stanley serves as the Chief Executive Officer of Cairn Homes plc since June 2015 and has been its Executive Director since November 12, 2014. He has a strong pedigree in home and property development. He served as the Chief executive officer of Stanley Holdings From 2005 to 2007, following the demerger of Shannon Homes (a large Irish housebuilder at that time) in 2005. He also co-founded Coastland Partnership in 2001 and served there until 2009. He served as an adviser to Endeco Limited from 2011 to 2014. In 2012, he established Lead Asset Management Limited. Mr. Stanley serves as a Director of Oneview Ltd. He served as a Director of Oneview Healthcare PLC from 2011 to February 7, 2016.

CEO Compensation
  • Michael's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Michael's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Cairn Homes management team in years:

0.1
Average Tenure
53
Average Age
  • The average tenure for the Cairn Homes management team is less than 2 years, this suggests a new team.
Management Team

Michael Stanley

TITLE
Co-Founder
COMPENSATION
€920K
AGE
53
TENURE
0.1 yrs

Tim Kenny

TITLE
Group Finance Director & Executive Director
COMPENSATION
€770K
AGE
57
TENURE
2.3 yrs

Sandra Thorpe

TITLE
CEO & Board Advisory
AGE
44
TENURE
0.1 yrs

Kevin Cleary

TITLE
Technical Director
TENURE
0.1 yrs

Declan Murray

TITLE
Head of Investor Relations

Eiméar O’Flanagan

TITLE
Human Resource Manager

Liam O’Brien

TITLE
Managing Director
AGE
52

Jude Byrne

TITLE
Managing Director
AGE
53

Ian Cahill

TITLE
Head of Finance

Tara Grimley

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Cairn Homes board of directors in years:

4.6
Average Tenure
57.5
Average Age
  • The tenure for the Cairn Homes board of directors is about average.
Board of Directors

John Reynolds

TITLE
Non-Executive Chairman
COMPENSATION
€150K
AGE
60
TENURE
4.6 yrs

Michael Stanley

TITLE
Co-Founder
COMPENSATION
€920K
AGE
53
TENURE
5 yrs

Tim Kenny

TITLE
Group Finance Director & Executive Director
COMPENSATION
€770K
AGE
57
TENURE
2.3 yrs

Gary Britton

TITLE
Non-Executive Director
COMPENSATION
€75K
AGE
65
TENURE
4.6 yrs

Giles Davies

TITLE
Senior Independent Director
COMPENSATION
€82K
AGE
50

Linda Hickey

TITLE
Independent Non-Executive Director
AGE
57
TENURE
0.6 yrs

Alan McIntosh

TITLE
Co-Founder & Non Executive Director
COMPENSATION
€237K
AGE
51
TENURE
5 yrs

Andrew Bernhardt

TITLE
Non-Executive Director
COMPENSATION
€60K
AGE
58
TENURE
4.6 yrs

Jayne McGivern

TITLE
Independent Non-Executive Director
AGE
59
TENURE
0.7 yrs

David O'Beirne

TITLE
Independent Non-Executive Director
AGE
61
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Jun 19 Buy John Reynolds Individual 26. Jun 19 26. Jun 19 129,174 €1.15 €148,033
11. Apr 19 Sell Alan McIntosh Individual 10. Apr 19 10. Apr 19 -10,000,000 €1.34 €-13,399,998
11. Apr 19 Sell Michael Stanley Individual 10. Apr 19 10. Apr 19 -4,600,000 €1.34 €-6,163,999
21. Dec 18 Buy Gary Britton Individual 20. Dec 18 20. Dec 18 50,000 €1.06 €53,100
X
Management checks
We assess Cairn Homes'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. Cairn Homes 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

Description

Cairn Homes plc operates as a homebuilder in Ireland. The company develops and sells residential properties. It is also involved in the rental of properties. The company was incorporated in 2014 and is based in Dublin, Ireland.

Details
Name: Cairn Homes plc
C5H
Exchange: DB
Founded: 2014
€879,220,963
778,071,649
Website: http://www.cairnhomes.com
Address: Cairn Homes plc
7 Grand Canal,
Grand Canal Street Lower,
Dublin,
Co. Dublin, 2,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CRN Ordinary Shares London Stock Exchange GB EUR 10. Jun 2015
OTCPK CRRN.F Ordinary Shares Pink Sheets LLC US USD 10. Jun 2015
DB C5H Ordinary Shares Deutsche Boerse AG DE EUR 10. Jun 2015
ISE C5H Ordinary Shares Irish Stock Exchange IE EUR 10. Jun 2015
Number of employees
Current staff
Staff numbers
155
Cairn Homes employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 22:27
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/09
Last earnings filing: 2019/09/12
Last earnings reported: 2019/06/30
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.