Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Countryside Properties

BATS-CHIXE:CSPL
Snowflake Description

Flawless balance sheet with proven track record.

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

Countryside Properties PLC operates as a home builder and urban regeneration partner in the United Kingdom. The last earnings update was 117 days ago. More info.


Add to Portfolio Compare Print
  • Countryside Properties has significant price volatility in the past 3 months.
CSPL Share Price and Events
7 Day Returns
23.7%
BATS-CHIXE:CSPL
8.2%
GB Consumer Durables
1.7%
GB Market
1 Year Returns
9.8%
BATS-CHIXE:CSPL
-21%
GB Consumer Durables
-21.8%
GB Market
CSPL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Countryside Properties (CSPL) 23.7% -19.4% -26.4% 9.8% 32.8% -
GB Consumer Durables 8.2% -31.3% -34.8% -21% -18.4% -2%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • CSPL outperformed the Consumer Durables industry which returned -21% over the past year.
  • CSPL outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
CSPL
Industry
5yr Volatility vs Market

CSPL Value

 Is Countryside Properties 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 Countryside Properties 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 Countryside Properties.

BATS-CHIXE:CSPL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
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:CSPL
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 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.918 (1 + (1- 19%) (0.13%))
0.946
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.946 * 6.07%)
6.27%

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

The calculations below outline how an intrinsic value for Countryside Properties 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:CSPL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.27%)
2020 201.00 Analyst x4 189.14
2021 84.33 Analyst x3 74.67
2022 195.75 Analyst x4 163.10
2023 230.30 Est @ 17.65% 180.56
2024 259.13 Est @ 12.52% 191.17
2025 282.24 Est @ 8.92% 195.93
2026 300.31 Est @ 6.4% 196.17
2027 314.25 Est @ 4.64% 193.16
2028 324.95 Est @ 3.41% 187.96
2029 333.22 Est @ 2.54% 181.36
Present value of next 10 years cash flows £1,753.00
BATS-CHIXE:CSPL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £333.22 × (1 + 0.53%) ÷ (6.27% – 0.53%)
£5,834.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £5,834.05 ÷ (1 + 6.27%)10
£3,175.29
BATS-CHIXE:CSPL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,753.00 + £3,175.29
£4,928.29
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £4,928.29 / 446.04
£11.05
BATS-CHIXE:CSPL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:CSPL represents 0.93636x of LSE:CSP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93636x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 11.05 x 0.93636
£10.35
Value per share (GBP) From above. £10.35
Current discount Discount to share price of £3.47
= -1 x (£3.47 - £10.35) / £10.35
66.4%

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

Current Discount
Amount off the current price Countryside Properties is available for.
Intrinsic value
>50%
Share price is £3.47 vs Future cash flow value of £10.35
Current Discount Checks
For Countryside Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Countryside Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Countryside Properties'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 Countryside Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Countryside Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:CSPL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.38
LSE:CSP Share Price ** LSE (2020-04-07) in GBP £3.71
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 7.84x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Countryside Properties.

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

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

= 3.71 ÷ 0.38

9.84x

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

  • Countryside Properties is overvalued based on earnings compared to the GB Consumer Durables industry average.
  • Countryside Properties is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Countryside Properties's expected growth come at a high price?
Raw Data
BATS-CHIXE:CSPL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
8.1%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 18 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.84x ÷ 8.1%

1.22x

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

  • Countryside Properties is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Countryside Properties's assets?
Raw Data
BATS-CHIXE:CSPL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £2.01
LSE:CSP Share Price * LSE (2020-04-07) in GBP £3.71
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 0.99x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:CSPL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.71 ÷ 2.01

1.84x

* Primary Listing of Countryside Properties.

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

  • Countryside Properties is overvalued based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess Countryside Properties'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. Countryside Properties 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.

CSPL Future Performance

 How is Countryside Properties expected to perform in the next 1 to 3 years based on estimates from 6 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
8.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Countryside Properties expected to grow at an attractive rate?
  • Countryside Properties's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Countryside Properties's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Countryside Properties's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:CSPL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:CSPL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 8.1%
BATS-CHIXE:CSPL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 11%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 3%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
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:CSPL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 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:CSPL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 2,542 228 256 1
2022-09-30 1,569 188 198 4
2021-09-30 1,537 128 184 5
2020-09-30 1,419 175 167 5
2020-04-08
BATS-CHIXE:CSPL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 1,237 55 168
2019-06-30 1,182 69 157
2019-03-31 1,127 83 145
2018-12-31 1,073 84 147
2018-09-30 1,019 86 148
2018-06-30 956 78 140
2018-03-31 894 71 132
2017-12-31 870 61 127
2017-09-30 846 52 123
2017-06-30 791 11 110
2017-03-31 736 -30 97
2016-12-31 704 -32 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Countryside Properties's earnings are expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
  • Countryside Properties's revenue is expected to grow by 11% 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:CSPL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Countryside Properties Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CSPL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30 0.57 0.57 0.57 1.00
2022-09-30 0.44 0.52 0.31 5.00
2021-09-30 0.41 0.49 0.29 5.00
2020-09-30 0.37 0.44 0.26 5.00
2020-04-08
BATS-CHIXE:CSPL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.38
2019-06-30 0.35
2019-03-31 0.33
2018-12-31 0.33
2018-09-30 0.33
2018-06-30 0.31
2018-03-31 0.29
2017-12-31 0.28
2017-09-30 0.27
2017-06-30 0.24
2017-03-31 0.22
2016-12-31 0.18

*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.
  • Countryside Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Countryside Properties'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.
Countryside Properties has a total score of 2/6, 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.

CSPL Past Performance

  How has Countryside Properties 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 Countryside Properties'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.
  • Countryside Properties has delivered over 20% year on year earnings growth in the past 5 years.
  • Countryside Properties's 1-year earnings growth is less than its 5-year average (13.4% vs 39.7%)
  • Countryside Properties's earnings growth has exceeded the GB Consumer Durables industry average in the past year (13.4% vs -9%).
Earnings and Revenue History
Countryside Properties'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 Countryside Properties Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:CSPL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,237.10 167.70 69.70
2019-06-30 1,181.95 156.55 72.10
2019-03-31 1,126.80 145.40 84.60
2018-12-31 1,072.70 146.65 78.65
2018-09-30 1,018.60 147.90 62.60
2018-06-30 956.05 140.10 59.75
2018-03-31 893.50 132.30 56.90
2017-12-31 869.65 127.40 54.35
2017-09-30 845.80 122.50 51.80
2017-06-30 791.00 109.85 49.95
2017-03-31 736.20 97.20 48.10
2016-12-31 703.75 79.15 46.55
2016-09-30 671.30 61.10 45.00
2016-06-30 640.98 43.46 42.68
2016-03-31 610.66 25.83 40.36
2015-12-31 579.07 22.72 40.06
2015-09-30 547.49 19.62 39.76
2014-09-30 452.80 -11.83 32.80
2013-09-30 276.96 -9.11 19.13

*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.
  • Countryside Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Countryside Properties used its assets more efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • Countryside Properties has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Countryside Properties'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.
Countryside Properties has a total score of 4/6, 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.

CSPL Health

 How is Countryside Properties'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 Countryside Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Countryside Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Countryside Properties's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Countryside Properties'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 510x 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 Countryside Properties Company Filings, last reported 6 months ago.

BATS-CHIXE:CSPL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 899.10 2.20 80.60
2019-06-30 899.10 2.20 80.60
2019-03-31 812.70 53.00 13.20
2018-12-31 812.70 53.00 13.20
2018-09-30 793.70 2.20 47.20
2018-06-30 793.70 2.20 47.20
2018-03-31 716.70 2.10 15.80
2017-12-31 716.70 2.10 15.80
2017-09-30 690.50 0.00 77.40
2017-06-30 690.50 0.00 77.40
2017-03-31 629.50 37.80 5.10
2016-12-31 629.50 37.80 5.10
2016-09-30 592.90 26.30 38.30
2016-06-30 592.90 26.30 38.30
2016-03-31 546.16 5.33 0.10
2015-12-31 546.16 5.33 0.10
2015-09-30 13.23 423.84 80.84
2014-09-30 -8.56 366.41 0.17
2013-09-30 1.47 267.51 0.23
  • Countryside Properties's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
  • Countryside Properties had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (2509.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 52.2x coverage).
X
Financial health checks
We assess Countryside Properties'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. Countryside Properties 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.

CSPL Dividends

 What is Countryside Properties'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
4.4%
Current annual income from Countryside Properties dividends. Estimated to be 3.66% next year.
If you bought £2,000 of Countryside Properties shares you are expected to receive £88 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?
  • Countryside Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • Countryside Properties's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
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:CSPL 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 6 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 7.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
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 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:CSPL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-09-30 0.23 2.00
2022-09-30 0.14 6.00
2021-09-30 0.14 7.00
2020-09-30 0.10 7.00
2020-04-08
BATS-CHIXE:CSPL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-12-13 0.163 3.852
2019-11-21 0.163 3.984
2018-12-12 0.108 3.437
2018-11-21 0.108 3.724
2018-01-25 0.100 3.032
2017-05-17 0.068 1.974
2016-11-29 0.034 1.405

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

  • Whilst dividend payments have been stable, Countryside Properties has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Countryside Properties only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Countryside Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Countryside Properties'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 Countryside Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Countryside Properties has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CSPL Management

 What is the CEO of Countryside Properties'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
Iain McPherson
TENURE AS CEO 0.3 years
CEO Bio

Mr. Iain McPherson serves as Director of Countryside Properties PLC since January 01, 2020. He serves as Group Chief Executive in January 2020 and served as Chief Executive of Partnerships South at Countryside Properties PLC. He serves as Chief Executive of Partnerships South at Countryside Properties (Holdings) Limited since November 1, 2018. He having previously been Managing Director of the Southern region of the Housebuilding Division since September 2014 when he joined the Group. He serves as the Managing Director of New Homes and Communities South at Countryside Properties PLC. Iain McPherson served as Managing Director of Crest Nicholson South at Crest Nicholson PLC.

CEO Compensation
  • Insufficient data for Iain to compare compensation growth.
  • Insufficient data for Iain 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 of the Countryside Properties management team in years:

2.9
Average Tenure
  • The tenure for the Countryside Properties management team is about average.
Management Team

Mike Scott

TITLE
Group CFO & Director
COMPENSATION
£915K
TENURE
1.5 yrs

Iain McPherson

TITLE
Group Chief Executive & Director
TENURE
0.3 yrs

Victoria Prior

TITLE
Investor Relations & Strategy Director

Gary Whitaker

TITLE
General Counsel & Company Secretary
TENURE
4.4 yrs

Nick Worrall

TITLE
Group Chief People Officer
TENURE
5.6 yrs

Ian Kelley

TITLE
Chief Executive of Partnerships North
TENURE
2.9 yrs

Phillip Lyons

TITLE
Chief Executive of Housebuilding
TENURE
2.9 yrs

Mike Woolliscroft

TITLE
Chief Executive of Partnerships South
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Countryside Properties board of directors in years:

2.3
Average Tenure
60
Average Age
  • The average tenure for the Countryside Properties board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Howell

TITLE
Independent Non-Executive Chairman
COMPENSATION
£175K
AGE
69
TENURE
4.3 yrs

Mike Scott

TITLE
Group CFO & Director
COMPENSATION
£915K
TENURE
1.5 yrs

Iain McPherson

TITLE
Group Chief Executive & Director
TENURE
0.3 yrs

Amanda Burton

TITLE
Independent Non-Executive Director
COMPENSATION
£55K
AGE
60
TENURE
4.3 yrs

Douglas Hurt

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£60K
AGE
63
TENURE
2.3 yrs

Sally Morgan

TITLE
Independent Non-Executive Director
COMPENSATION
£50K
AGE
59
TENURE
4.3 yrs

William Townsend

TITLE
Non-Executive Director
COMPENSATION
£29K
AGE
57
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • Countryside Properties 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 (£)
18. Mar 20 Buy David Howell Individual 16. Mar 20 17. Mar 20 2,500 £3.34 £7,996
05. Feb 20 Sell Ian Kelley Individual 04. Feb 20 04. Feb 20 -437,681 £4.99 £-2,174,873
21. Jan 20 Sell Gary Whitaker Individual 20. Jan 20 20. Jan 20 -48,000 £4.97 £-238,502
08. Jan 20 Sell Nick Worrall Individual 07. Jan 20 07. Jan 20 -140,000 £4.60 £-644,560
17. Jun 19 Sell Nick Worrall Individual 14. Jun 19 14. Jun 19 -8,713 £2.90 £-25,258
X
Management checks
We assess Countryside Properties'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. Countryside Properties 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.

CSPL News

Simply Wall St News

CSPL Company Info

Description

Countryside Properties PLC operates as a home builder and urban regeneration partner in the United Kingdom. It operates in two segments, Partnerships and Housebuilding. The Partnerships segment specializes in medium to large-scale housing regeneration schemes delivering private and affordable homes in partnership with public sector landowners and operates primarily in and around London, the Midlands, the North West of England, and Yorkshire. The Housebuilding segment develops large-scale sites, providing private, and private rented sector and affordable housing primarily around London and the South East of England. This segment operates under the Countryside and Millgate brands. The company also offers estate management services. It has a total land bank of 49,000 plots. The company was formerly known as Hackplimco (No. 121) plc and changed its name to Countryside Properties PLC in January 2016. Countryside Properties PLC was founded in 1958 and is headquartered in Brentwood, the United Kingdom.

Details
Name: Countryside Properties PLC
CSPL
Exchange: BATS-CHIXE
Founded: 1958
£1,653,918,956
446,040,711
Website: http://www.countrysideproperties.com
Address: Countryside Properties PLC
Countryside House,
The Drive,
Brentwood,
Essex, CM13 3AT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CSP Ordinary Shares London Stock Exchange GB GBP 12. Feb 2016
DB 6CO Ordinary Shares Deutsche Boerse AG DE EUR 12. Feb 2016
BATS-CHIXE CSPL Ordinary Shares BATS 'Chi-X Europe' GB GBP 12. Feb 2016
OTCPK CUSP.Y UNSPONSRED ADS Pink Sheets LLC US USD 10. Oct 2018
Number of employees
Current staff
Staff numbers
1,823
Countryside Properties employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:53
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2019/12/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.