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Crest Nicholson Holdings

BATS-CHIXE:CRSTL
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CRSTL
BATS-CHIXE
£562M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

Crest Nicholson Holdings plc builds homes in the United Kingdom. The last earnings update was 50 days ago. More info.


Add to Portfolio Compare Print
  • Crest Nicholson Holdings has significant price volatility in the past 3 months.
CRSTL Share Price and Events
7 Day Returns
25.8%
BATS-CHIXE:CRSTL
1.7%
GB Consumer Durables
0.1%
GB Market
1 Year Returns
-41.8%
BATS-CHIXE:CRSTL
-27.6%
GB Consumer Durables
-23.6%
GB Market
CRSTL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Crest Nicholson Holdings (CRSTL) 25.8% -49.2% -49.3% -41.8% -60.9% -52.1%
GB Consumer Durables 1.7% -37% -39.5% -27.6% -24% -8.7%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • CRSTL underperformed the Consumer Durables industry which returned -27.6% over the past year.
  • CRSTL underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
CRSTL
Industry
5yr Volatility vs Market

Value

 Is Crest Nicholson Holdings 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 Crest Nicholson Holdings 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 Crest Nicholson Holdings.

BATS-CHIXE:CRSTL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
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:CRSTL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 19%) (23.74%))
0.978
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.978 * 6.07%)
6.47%

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

The calculations below outline how an intrinsic value for Crest Nicholson Holdings 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:CRSTL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.47%)
2020 150.16 Analyst x5 141.03
2021 84.83 Analyst x5 74.83
2022 74.64 Analyst x3 61.85
2023 68.62 Est @ -8.07% 53.40
2024 64.85 Est @ -5.49% 47.40
2025 62.46 Est @ -3.68% 42.88
2026 60.95 Est @ -2.42% 39.30
2027 60.01 Est @ -1.54% 36.35
2028 59.46 Est @ -0.92% 33.83
2029 59.18 Est @ -0.48% 31.62
Present value of next 10 years cash flows £562.00
BATS-CHIXE:CRSTL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £59.18 × (1 + 0.53%) ÷ (6.47% – 0.53%)
£1,001.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,001.70 ÷ (1 + 6.47%)10
£535.19
BATS-CHIXE:CRSTL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £562.00 + £535.19
£1,097.19
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,097.19 / 256.78
£4.27
BATS-CHIXE:CRSTL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:CRSTL represents 0.99452x of LSE:CRST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99452x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 4.27 x 0.99452
£4.25
Value per share (GBP) From above. £4.25
Current discount Discount to share price of £2.18
= -1 x (£2.18 - £4.25) / £4.25
48.8%

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

Current Discount
Amount off the current price Crest Nicholson Holdings is available for.
Intrinsic value
49%
Share price is £2.18 vs Future cash flow value of £4.25
Current Discount Checks
For Crest Nicholson Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Crest Nicholson Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Crest Nicholson Holdings'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 Crest Nicholson Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Crest Nicholson Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:CRSTL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in GBP £0.32
LSE:CRST Share Price ** LSE (2020-04-07) in GBP £2.19
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 7.19x
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 Crest Nicholson Holdings.

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

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

= 2.19 ÷ 0.32

6.81x

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

  • Crest Nicholson Holdings is good value based on earnings compared to the GB Consumer Durables industry average.
  • Crest Nicholson Holdings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Crest Nicholson Holdings's expected growth come at a high price?
Raw Data
BATS-CHIXE:CRSTL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
0.4%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Durables Companies 0.88x
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 .

BATS-CHIXE:CRSTL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.81x ÷ 0.4%

15.2x

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

  • Crest Nicholson Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Crest Nicholson Holdings's assets?
Raw Data
BATS-CHIXE:CRSTL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in GBP £3.33
LSE:CRST Share Price * LSE (2020-04-07) in GBP £2.19
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 0.94x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:CRSTL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.19 ÷ 3.33

0.66x

* Primary Listing of Crest Nicholson Holdings.

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

  • Crest Nicholson Holdings is good value based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess Crest Nicholson Holdings'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. Crest Nicholson Holdings has a total score of 5/6, 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 Crest Nicholson Holdings expected to perform in the next 1 to 3 years based on estimates from 10 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
0.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Crest Nicholson Holdings expected to grow at an attractive rate?
  • Crest Nicholson Holdings's earnings growth is positive but not above the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Crest Nicholson Holdings's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Crest Nicholson Holdings's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:CRSTL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:CRSTL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 0.4%
BATS-CHIXE:CRSTL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts -3.7%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 2.8%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3%
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:CRSTL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 10 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:CRSTL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-10-31 124
2022-10-31 978 96 84 7
2021-10-31 912 107 74 10
2020-10-31 882 92 71 10
2020-04-07
BATS-CHIXE:CRSTL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-10-31 1,086 125 83
2019-07-31 1,121 110 106
2019-04-30 1,170 95 136
2019-01-31 1,153 79 139
2018-10-31 1,121 62 137
2018-07-31 1,106 47 151
2018-04-30 1,091 31 165
2018-01-31 1,067 27 167
2017-10-31 1,043 23 169
2017-07-31 1,026 39 164
2017-04-30 1,009 55 160
2017-01-31 1,003 104 158

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Crest Nicholson Holdings's earnings are expected to grow by 0.4% yearly, however this is not considered high growth (20% yearly).
  • Crest Nicholson Holdings'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
BATS-CHIXE:CRSTL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Crest Nicholson Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CRSTL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-10-31
2022-10-31 0.34 0.50 0.18 6.00
2021-10-31 0.28 0.43 0.11 7.00
2020-10-31 0.24 0.38 0.13 7.00
2020-04-07
BATS-CHIXE:CRSTL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-10-31 0.32
2019-07-31 0.41
2019-04-30 0.53
2019-01-31 0.54
2018-10-31 0.53
2018-07-31 0.59
2018-04-30 0.65
2018-01-31 0.65
2017-10-31 0.66
2017-07-31 0.65
2017-04-30 0.63
2017-01-31 0.63

*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.
  • Crest Nicholson Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Crest Nicholson Holdings'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.
Crest Nicholson Holdings has a total score of 0/6, 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 Crest Nicholson Holdings 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 Crest Nicholson Holdings'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.
  • Crest Nicholson Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Crest Nicholson Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Crest Nicholson Holdings's 1-year earnings growth is negative, it can't be compared to the GB Consumer Durables industry average.
Earnings and Revenue History
Crest Nicholson Holdings'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 Crest Nicholson Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CRSTL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 1,086.40 82.50 65.90
2019-07-31 1,120.85 106.15 65.25
2019-04-30 1,170.40 136.00 64.60
2019-01-31 1,153.25 139.40 65.05
2018-10-31 1,121.00 136.60 65.50
2018-07-31 1,106.05 150.90 65.00
2018-04-30 1,091.10 165.20 64.50
2018-01-31 1,067.15 166.90 64.35
2017-10-31 1,043.20 168.60 64.20
2017-07-31 1,025.90 164.30 62.15
2017-04-30 1,008.60 160.00 60.10
2017-01-31 1,002.80 158.40 61.35
2016-10-31 997.00 156.80 62.60
2016-07-31 938.35 146.55 63.15
2016-04-30 879.70 136.30 63.70
2016-01-31 842.25 130.20 61.50
2015-10-31 804.80 124.10 59.30
2015-07-31 766.60 119.35 58.95
2015-04-30 728.40 114.60 58.60
2015-01-31 682.35 106.70 56.80
2014-10-31 636.30 98.80 55.00
2014-07-31 605.55 89.85 52.85
2014-04-30 574.80 80.90 50.70
2014-01-31 550.25 73.45 48.15
2013-10-31 525.70 66.00 45.60
2013-07-31 493.55 66.70 43.85
2013-04-30 461.40 67.40 42.10

*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.
  • Crest Nicholson Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Crest Nicholson Holdings used its assets less efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • Crest Nicholson Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Crest Nicholson Holdings'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.
Crest Nicholson Holdings has a total score of 1/6, 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 Crest Nicholson Holdings'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 Crest Nicholson Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Crest Nicholson Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Crest Nicholson Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Crest Nicholson Holdings'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 11x 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 Crest Nicholson Holdings Company Filings, last reported 5 months ago.

BATS-CHIXE:CRSTL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 854.40 133.40 171.60
2019-07-31 854.40 133.40 171.60
2019-04-30 860.80 253.70 187.90
2019-01-31 860.80 253.70 187.90
2018-10-31 872.70 170.20 184.30
2018-07-31 872.70 170.20 184.30
2018-04-30 823.50 180.40 101.90
2018-01-31 823.50 180.40 101.90
2017-10-31 817.80 142.00 175.20
2017-07-31 817.80 142.00 175.20
2017-04-30 735.50 178.80 144.30
2017-01-31 735.50 178.80 144.30
2016-10-31 719.20 205.30 282.30
2016-07-31 719.20 205.30 282.30
2016-04-30 654.40 174.90 148.80
2016-01-31 654.40 174.90 148.80
2015-10-31 630.70 218.00 187.40
2015-07-31 630.70 218.00 187.40
2015-04-30 558.30 174.50 113.90
2015-01-31 558.30 174.50 113.90
2014-10-31 536.50 161.30 142.00
2014-07-31 536.50 161.30 142.00
2014-04-30 483.70 149.60 89.00
2014-01-31 483.70 149.60 89.00
2013-10-31 470.30 82.00 124.50
2013-07-31 470.30 82.00 124.50
2013-04-30 415.90 89.20 79.10
  • Crest Nicholson Holdings's level of debt (15.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (30.1% vs 15.6% today).
  • Debt is well covered by operating cash flow (93.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.8x coverage).
X
Financial health checks
We assess Crest Nicholson Holdings'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. Crest Nicholson Holdings has a total score of 6/6, 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 Crest Nicholson Holdings'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 Crest Nicholson Holdings dividends. Estimated to be 11.58% next year.
If you bought £2,000 of Crest Nicholson Holdings 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 Crest Nicholson Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Crest Nicholson Holdings'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:CRSTL 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 10 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 8.7%
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:CRSTL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-10-31 0.26 2.00
2022-10-31 0.26 9.00
2021-10-31 0.25 12.00
2020-10-31 0.25 11.00
2020-04-07
BATS-CHIXE:CRSTL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-19 0.000 0.000
2019-06-11 0.330 8.512
2019-02-18 0.330 8.725
2019-01-29 0.330 8.808
2018-06-12 0.330 9.224
2018-02-12 0.330 7.029
2018-01-24 0.330 6.574
2017-02-13 0.276 5.035
2016-02-15 0.197 4.147
2016-01-26 0.197 3.571
2015-06-16 0.166 3.064
2015-02-16 0.204 4.412
2015-01-27 0.204 4.837
2014-06-18 0.082 2.368
2014-01-28 0.065 1.787
2013-12-30 0.065 1.724

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

  • Unable to perform a dividend volatility check as Crest Nicholson Holdings has not reported any payouts.
  • Unable to verify if Crest Nicholson Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Crest Nicholson Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Crest Nicholson Holdings has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Crest Nicholson Holdings'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 Crest Nicholson Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Crest Nicholson Holdings 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 Crest Nicholson Holdings'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
Peter Truscott
COMPENSATION £1,597,605
AGE 56
TENURE AS CEO 0.6 years
CEO Bio

Mr. Peter Truscott serves as Chief Executive Officer and Director of Crest Nicholson Holdings plc since September 9, 2019. Mr. Peter Truscott was the Chief Executive of Galliford Try plc since October 1, 2015 until March 26, 2019 and served as its Member of the Executive Board until March 26, 2019. Mr. Truscott served as a Divisional Managing Director of Midlands of George Wimpey UK Ltd. a subsidiary of George Wimpey plc. He served as Managing Director of Manchester Region of George Wimpey PLC. Mr. Truscott was a Member of the Group Management team since 2004 and has additional responsibility for the Group's Sales and Design functions and the South Strategic Land Division. Mr. Truscott joined George Wimpey in 1984 as a Land Trainee and worked at CALA Homes from 1993 to 1996, before re-joining George Wimpey where he held a succession of senior management positions. Mr. Truscott served as a Divisional Chairman of South at Taylor Wimpey plc until September 30, 2015 and was responsible for heads its South Division, which contains 14 regional businesses and also was responsible for business in Spain. He has responsibility for housebuilding operations in Southern and Eastern England and South Wales, as well as overseeing the Spanish housebuilding business. He was an Executive Director of Galliford Try plc since October 02, 2015 until March 26, 2019.

CEO Compensation
  • Insufficient data for Peter to compare compensation growth.
  • Peter's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Crest Nicholson Holdings management team in years:

0.9
Average Tenure
45
Average Age
  • The average tenure for the Crest Nicholson Holdings management team is less than 2 years, this suggests a new team.
Management Team

Peter Truscott

TITLE
CEO & Director
COMPENSATION
£2M
AGE
56
TENURE
0.6 yrs

Duncan Cooper

TITLE
Group Finance Director & Director
COMPENSATION
£362K
AGE
39
TENURE
0.8 yrs

Tom Nicholson

TITLE
COO & Director
AGE
54
TENURE
0.9 yrs

Eleni Psarompa-Rothwell

TITLE
Group Technical & Quality Director

Kevin Maguire

TITLE
General Counsel & Company Secretary
AGE
34

Darren Dancey

TITLE
Managing Director of Crest Nicholson South West
AGE
45
TENURE
2.7 yrs

Ben Miller

TITLE
Managing Director of Crest Nicholson Midlands

Trevor Selwyn

TITLE
Managing Director of London

Scott Black

TITLE
Managing Director of Regeneration

John Shelbourne

TITLE
Managing Director of Crest Nicholson South
Board of Directors Tenure

Average tenure and age of the Crest Nicholson Holdings board of directors in years:

0.7
Average Tenure
54
Average Age
  • The average tenure for the Crest Nicholson Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Iain G. Ferguson

TITLE
Independent Non-Executive Chairman
COMPENSATION
£25K
AGE
64
TENURE
0.4 yrs

Peter Truscott

TITLE
CEO & Director
COMPENSATION
£2M
AGE
56
TENURE
0.6 yrs

Duncan Cooper

TITLE
Group Finance Director & Director
COMPENSATION
£362K
AGE
39
TENURE
0.8 yrs

Tom Nicholson

TITLE
COO & Director
AGE
54
TENURE
0.3 yrs

Sharon Flood

TITLE
Independent Non-Executive Director
COMPENSATION
£60K
AGE
54
TENURE
5 yrs

Octavia Morley

TITLE
Senior Independent Director
COMPENSATION
£60K
AGE
51
TENURE
0.1 yrs

Louise Hardy

TITLE
Independent Non-Executive Director
COMPENSATION
£52K
AGE
52
TENURE
2.3 yrs

Lucinda Bell

TITLE
Independent Non-Executive Director
COMPENSATION
£52K
AGE
54
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • Crest Nicholson Holdings individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
16. Mar 20 Buy Peter Truscott Individual 16. Mar 20 16. Mar 20 30,000 £3.11 £93,348
13. Feb 20 Sell Philippe Van de Walle Individual 12. Feb 20 12. Feb 20 -16,000 £4.97 £-79,549
06. Feb 20 Sell Peter Truscott Individual 03. Feb 20 03. Feb 20 -67,548 £4.98 £-336,322
X
Management checks
We assess Crest Nicholson Holdings'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. Crest Nicholson Holdings 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

Crest Nicholson Holdings plc builds homes in the United Kingdom. It develops and sells apartments, houses, regeneration schemes, and garden villages, as well as commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

Details
Name: Crest Nicholson Holdings plc
CRSTL
Exchange: BATS-CHIXE
Founded: 1963
£561,826,170
256,776,129
Website: http://www.crestnicholson.com
Address: Crest Nicholson Holdings plc
Crest House,
Pyrcroft Road,
Chertsey,
Surrey, KT16 9GN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CRST Ordinary Shares London Stock Exchange GB GBP 13. Feb 2013
OTCPK CRTH.F Ordinary Shares Pink Sheets LLC US USD 13. Feb 2013
DB C38 Ordinary Shares Deutsche Boerse AG DE EUR 13. Feb 2013
BATS-CHIXE CRSTL Ordinary Shares BATS 'Chi-X Europe' GB GBP 13. Feb 2013
Number of employees
Current staff
Staff numbers
966
Crest Nicholson Holdings employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:31
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/17
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/10/31


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.