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Costain Group

BATS-CHIXE:COSTl
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COSTl
BATS-CHIXE
£41M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Costain Group PLC provides engineering solutions for various energy, water, and transportation infrastructures in the United Kingdom, Spain, and internationally. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • Costain Group has significant price volatility in the past 3 months.
COSTl Share Price and Events
7 Day Returns
7.3%
BATS-CHIXE:COSTl
3.8%
GB Construction
0.1%
GB Market
1 Year Returns
-89.6%
BATS-CHIXE:COSTl
-34.1%
GB Construction
-23.6%
GB Market
COSTl Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Costain Group (COSTl) 7.3% -77.1% -78% -89.6% -92% -88.8%
GB Construction 3.8% -20.1% -22.7% -34.1% -57.8% -57.3%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • COSTl underperformed the Construction industry which returned -34.1% over the past year.
  • COSTl underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
COSTl
Industry
5yr Volatility vs Market

Value

 Is Costain Group 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 Costain Group 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 Costain Group.

BATS-CHIXE:COSTl Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:COSTl
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Construction Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.863 (1 + (1- 19%) (354.82%))
2.57
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (2 * 6.07%)
12.67%

Discounted Cash Flow Calculation for BATS-CHIXE:COSTl using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Costain Group 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.

BATS-CHIXE:COSTl DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 12.67%)
2020 -30.42 Analyst x3 -27.00
2021 12.83 Analyst x3 10.11
2022 16.05 Analyst x3 11.22
2023 18.37 Est @ 14.5% 11.40
2024 20.27 Est @ 10.31% 11.16
2025 21.76 Est @ 7.37% 10.64
2026 22.92 Est @ 5.32% 9.94
2027 23.81 Est @ 3.88% 9.17
2028 24.49 Est @ 2.88% 8.37
2029 25.03 Est @ 2.17% 7.59
Present value of next 10 years cash flows £62.00
BATS-CHIXE:COSTl DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £25.03 × (1 + 0.53%) ÷ (12.67% – 0.53%)
£207.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £207.23 ÷ (1 + 12.67%)10
£62.86
BATS-CHIXE:COSTl Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £62.00 + £62.86
£124.86
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £124.86 / 108.28
£1.15
BATS-CHIXE:COSTl Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:COSTl represents 0.96842x of LSE:COST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96842x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.15 x 0.96842
£1.12
Value per share (GBP) From above. £1.12
Current discount Discount to share price of £0.37
= -1 x (£0.37 - £1.12) / £1.12
67%

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

Current Discount
Amount off the current price Costain Group is available for.
Intrinsic value
>50%
Share price is £0.37 vs Future cash flow value of £1.12
Current Discount Checks
For Costain Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Costain Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Costain Group'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 Costain Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Costain Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:COSTl PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £-0.03
LSE:COST Share Price ** LSE (2020-04-07) in GBP £0.38
United Kingdom of Great Britain and Northern Ireland Construction Industry PE Ratio Median Figure of 17 Publicly-Listed Construction Companies 7.67x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of Costain Group.

BATS-CHIXE:COSTl PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.38 ÷ -0.03

-14.1x

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

  • Costain Group is loss making, we can't compare its value to the GB Construction industry average.
  • Costain Group is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Costain Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:COSTl PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.1x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
55.8%per year
United Kingdom of Great Britain and Northern Ireland Construction Industry PEG Ratio Median Figure of 9 Publicly-Listed Construction Companies 0.83x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Costain Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Costain Group's assets?
Raw Data
BATS-CHIXE:COSTl PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £1.46
LSE:COST Share Price * LSE (2020-04-07) in GBP £0.38
United Kingdom of Great Britain and Northern Ireland Construction Industry PB Ratio Median Figure of 19 Publicly-Listed Construction Companies 1.06x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:COSTl PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.38 ÷ 1.46

0.26x

* Primary Listing of Costain Group.

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

  • Costain Group is good value based on assets compared to the GB Construction industry average.
X
Value checks
We assess Costain Group'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 Construction 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 Construction industry average (and greater than 0)? (1 check)
  5. Costain Group has a total score of 3/6, 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 Costain Group expected to perform in the next 1 to 3 years based on estimates from 4 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
55.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Costain Group expected to grow at an attractive rate?
  • Costain Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Costain Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Costain Group'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
BATS-CHIXE:COSTl Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:COSTl Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 55.8%
BATS-CHIXE:COSTl Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.9%
United Kingdom of Great Britain and Northern Ireland Construction Industry Earnings Growth Rate Market Cap Weighted Average 15.7%
United Kingdom of Great Britain and Northern Ireland Construction Industry Revenue Growth Rate Market Cap Weighted Average 3.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:COSTl Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:COSTl Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,198 38 24 3
2021-12-31 1,147 26 23 4
2020-12-31 1,069 6 15 4
2020-04-07
BATS-CHIXE:COSTl Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 1,156 -32 -3
2019-09-30 1,227 -23 11
2019-06-30 1,299 -14 24
2019-03-31 1,381 -31 29
2018-12-31 1,464 -48 33
2018-09-30 1,529 -23 34
2018-06-30 1,595 3 36
2018-03-31 1,639 27 34
2017-12-31 1,684 52 33
2017-09-30 1,673 52 31
2017-06-30 1,661 53 30
2017-03-31 1,618 60 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Costain Group's earnings are expected to grow significantly at over 20% yearly.
  • Costain Group's revenue is expected to grow by 1.9% 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
BATS-CHIXE:COSTl Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Costain Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:COSTl Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.22 0.22 0.22 1.00
2021-12-31 0.21 0.21 0.21 1.00
2020-12-31 0.13 0.13 0.13 1.00
2020-04-07
BATS-CHIXE:COSTl Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 -0.03
2019-09-30 0.10
2019-06-30 0.23
2019-03-31 0.27
2018-12-31 0.31
2018-09-30 0.32
2018-06-30 0.34
2018-03-31 0.33
2017-12-31 0.31
2017-09-30 0.30
2017-06-30 0.28
2017-03-31 0.27

*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.
  • Costain Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Costain Group'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.
Costain Group 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 Costain Group 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 Costain Group's growth in the last year to its industry (Construction).
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.
  • Costain Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Costain Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Costain Group's 1-year growth to the GB Construction industry average as it is not currently profitable.
Earnings and Revenue History
Costain Group'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 Costain Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:COSTl Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,155.60 -2.90 32.50
2019-09-30 1,227.35 10.65 33.70
2019-06-30 1,299.10 24.20 34.90
2019-03-31 1,381.40 28.50 36.35
2018-12-31 1,463.70 32.80 37.80
2018-09-30 1,529.30 34.35 39.75
2018-06-30 1,594.90 35.90 41.70
2018-03-31 1,639.45 34.25 41.30
2017-12-31 1,684.00 32.60 40.90
2017-09-30 1,672.70 31.05 40.00
2017-06-30 1,661.40 29.50 39.10
2017-03-31 1,617.55 27.95 37.55
2016-12-31 1,573.70 26.40 36.00
2016-09-30 1,497.95 24.90 36.00
2016-06-30 1,422.20 23.40 36.00
2016-03-31 1,342.90 22.80 35.40
2015-12-31 1,263.60 22.20 34.80
2015-09-30 1,216.45 23.30 34.45
2015-06-30 1,169.30 24.40 34.10
2015-03-31 1,120.55 22.70 33.50
2014-12-31 1,071.80 21.00 32.90
2014-09-30 1,017.10 17.90 33.05
2014-06-30 962.40 14.80 33.20
2014-03-31 923.80 13.65 33.20
2013-12-31 885.20 12.50 33.20
2013-09-30 862.85 12.55 32.40
2013-06-30 840.50 12.60 31.60

*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.
  • It is difficult to establish if Costain Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Costain Group used its assets less efficiently than the GB Construction industry average last year based on Return on Assets.
  • It is difficult to establish if Costain Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Costain Group'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 Construction 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.
Costain Group has a total score of 0/6, 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 Costain Group'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 Costain Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Costain Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Costain Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Costain Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.8x 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 Costain Group Company Filings, last reported 3 months ago.

BATS-CHIXE:COSTl Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 157.70 116.00 180.90
2019-09-30 157.70 116.00 180.90
2019-06-30 178.40 89.70 130.50
2019-03-31 178.40 89.70 130.50
2018-12-31 182.30 70.50 189.30
2018-09-30 182.30 70.50 189.30
2018-06-30 181.40 80.40 158.10
2018-03-31 181.40 80.40 158.10
2017-12-31 154.00 71.00 248.70
2017-09-30 154.00 71.00 248.70
2017-06-30 124.70 80.30 167.80
2017-03-31 124.70 80.30 167.80
2016-12-31 99.60 70.00 210.20
2016-09-30 99.60 70.00 210.20
2016-06-30 100.90 59.60 128.80
2016-03-31 100.90 59.60 128.80
2015-12-31 120.60 38.50 146.70
2015-09-30 120.60 38.50 146.70
2015-06-30 110.60 0.00 126.80
2015-03-31 110.60 0.00 126.80
2014-12-31 110.80 0.00 148.50
2014-09-30 110.80 0.00 148.50
2014-06-30 98.40 1.10 134.90
2014-03-31 98.40 1.10 134.90
2013-12-31 43.30 26.60 84.30
2013-09-30 43.30 26.60 84.30
2013-06-30 35.50 11.00 75.30
  • Costain Group's level of debt (73.6%) compared to net worth is high (greater than 40%).
  • Unable to establish if Costain Group's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Costain Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Costain Group'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. Costain Group has a total score of 2/6, 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 Costain Group'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 Costain Group dividends. Estimated to be 14.18% next year.
If you bought £2,000 of Costain Group 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 Costain Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Costain Group'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
BATS-CHIXE:COSTl 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 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Construction Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 5.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:COSTl Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.07 4.00
2021-12-31 0.06 5.00
2020-12-31 0.04 5.00
2020-04-07
BATS-CHIXE:COSTl Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-04-02 0.000 0.000
2020-03-11 0.000 0.000
2019-08-21 0.138 8.123
2019-03-25 0.152 6.387
2019-03-06 0.152 4.288
2018-03-19 0.140 3.445
2018-03-01 0.140 2.978
2017-03-20 0.127 2.802
2017-03-01 0.127 3.089
2016-04-04 0.110 3.154
2016-03-02 0.110 3.094
2015-03-23 0.095 2.722
2015-03-03 0.095 3.010
2014-02-27 0.115 4.165
2014-02-26 0.115 3.969
2013-03-06 0.108 3.824
2012-04-02 0.100 4.338
2012-03-07 0.100 4.463
2011-03-09 0.093 4.345
2010-03-10 0.083 3.824

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

  • Unable to perform a dividend volatility check as Costain Group has not reported any payouts.
  • Unable to verify if Costain Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Costain Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Costain Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess Costain Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Costain Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Costain Group has a total score of 1/6, 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 Costain Group'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
Alex Vaughan
TENURE AS CEO 0.9 years
CEO Bio

Mr. Alexander John Vaughan, also known as Alex, BSc (Hons), MRICS, Dip IoD, FIoD, has been the Chief Executive officer at Costain Group Plc since May 7, 2019 and has been its Member of Group Executive Board since October 2006. Mr. Vaughan served as Managing Director of The Natural Resources Division at Costain Group Plc from 2013 to May 7, 2019. Mr. Vaughan served as Managing Director of Community and Corporate Development Director at Costain Group Plc. Mr. Vaughan is responsible for identifying new market areas in the region and maximising the benefits of working with Costain's major shareholders and other strategic partners. He served as Human Resources Director of Costain Group plc. since February 17, 2006 and its Director for Africa since November 6, 2003. He served as a Commercial Manager of Costain Civil Engineering in Tanzania since 1997 and subsequently in Botswana. He joined Costain Civil Engineering in 1990 and worked on a number of UK projects. Mr. Vaughan served as a Director of Costain (West Africa) Plc (Costain West Africa Plc) until November 6, 2003. He is qualified as a Chartered Quantity Surveyor, holding a BSc (Hons) in Quantity Surveying. In 2009 Mr. Vaughan also completed the Advanced Management Programme at Harvard Business School.

CEO Compensation
  • Insufficient data for Alex to compare compensation growth.
  • Insufficient data for Alex to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Costain Group management team in years:

1.3
Average Tenure
51
Average Age
  • The average tenure for the Costain Group management team is less than 2 years, this suggests a new team.
Management Team

Tony Bickerstaff

TITLE
CFO, Member of Group Executive Board & Director
COMPENSATION
£1M
AGE
55
TENURE
13.8 yrs

Alex Vaughan

TITLE
CEO & Member of Group Executive Board
TENURE
0.9 yrs

Martin Hunter

TITLE
Group Financial Controller & Member of Group Executive Board
TENURE
21 yrs

Darren James

TITLE
COO & Member of Executive Board
AGE
51
TENURE
1.3 yrs

Tracey Wood

TITLE
General Counsel
AGE
50
TENURE
11.8 yrs

David Taylor

TITLE
Group Commercial Director & Member of Group Executive Board
TENURE
5.3 yrs

Catherine Warbrick

TITLE
Group HR Director & Member of Executive Board
TENURE
0.6 yrs

Maxine Mayhew

TITLE
MD of Natural Resources Division & Member of Executive Board
TENURE
1.4 yrs

Nathan Marsh

TITLE
Chief Digital Officer & Member of Executive Board
TENURE
0.5 yrs

Sue Kershaw

TITLE
Managing Director of Transportation Division & Member of Executive Board
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Costain Group board of directors in years:

4.9
Average Tenure
60
Average Age
  • The tenure for the Costain Group board of directors is about average.
Board of Directors

Paul Golby

TITLE
Non-Executive Chairman
COMPENSATION
£163K
AGE
68
TENURE
3.9 yrs

Tony Bickerstaff

TITLE
CFO, Member of Group Executive Board & Director
COMPENSATION
£1M
AGE
55
TENURE
14.1 yrs

Jane Lodge

TITLE
Senior Independent Director
COMPENSATION
£60K
AGE
64
TENURE
1.9 yrs

W. L. L. Alison Wood

TITLE
Independent Non-Executive Director
COMPENSATION
£53K
AGE
56
TENURE
6.2 yrs

David McManus

TITLE
Independent Non-Executive Director
COMPENSATION
£46K
AGE
66
TENURE
5.9 yrs

Jacqueline de Rojas

TITLE
Independent Non-Executive Director
COMPENSATION
£46K
AGE
56
TENURE
2.4 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 (£)
03. May 19 Buy Jacqueline de Rojas Individual 02. May 19 02. May 19 1,201 £3.33 £3,997
X
Management checks
We assess Costain Group'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. Costain Group 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

Costain Group PLC provides engineering solutions for various energy, water, and transportation infrastructures in the United Kingdom, Spain, and internationally. It operates in two segments, Infrastructure and Natural Resources. The Infrastructure division operates in the highways, rail, and nuclear markets. The Natural Resources segment engages in the water, power, and oil and gas markets. The company’s services include advisory and concept development, specialist design, program management, complex project delivery, technology integration, and asset optimization and support. Costain Group PLC was founded in 1865 and is headquartered in Maidenhead, the United Kingdom.

Details
Name: Costain Group PLC
COSTl
Exchange: BATS-CHIXE
Founded: 1865
£41,147,568
108,283,074
Website: http://www.costain.com
Address: Costain Group PLC
Costain House,
Vanwall Business Park,
Maidenhead,
Berkshire, SL6 4UB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE COST Ordinary Shares London Stock Exchange GB GBP 02. Jan 1980
BATS-CHIXE COSTl Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1980
Number of employees
Current staff
Staff numbers
3,400
Costain Group employees.
Industry
Construction and Engineering
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:53
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/04/02
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.