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Capital & Regional

BATS-CHIXE:CALL
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CALL
BATS-CHIXE
£249M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. The last earnings update was 128 days ago. More info.


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CALL Share Price and Events
7 Day Returns
1%
BATS-CHIXE:CALL
1.2%
GB REITs
0.3%
GB Market
1 Year Returns
-18.7%
BATS-CHIXE:CALL
16.2%
GB REITs
13.1%
GB Market
CALL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capital & Regional (CALL) 1% -14.1% -7.4% -18.7% -57.3% -54.1%
GB REITs 1.2% 0.9% 2.7% 16.2% 13.6% 3.3%
GB Market 0.3% 1.5% 7.8% 13.1% 6.8% 8.5%
1 Year Return vs Industry and Market
  • CALL underperformed the REITs industry which returned 16.2% over the past year.
  • CALL underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 13.1% over the past year.
Price Volatility
CALL
Industry
5yr Volatility vs Market

CALL Value

 Is Capital & Regional undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Capital & Regional to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Capital & Regional.

BATS-CHIXE:CALL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 4x Analysts Estimates of Net Asset Value
Discount Rate (Cost of Equity) See below 5.4%
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:CALL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.467 (1 + (1- 19%) (198.69%))
0.616
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for BATS-CHIXE:CALL using 4x Analysts Estimates of Net Asset Value Model

In the case of Real Estate Investment Trusts (REITs) like Capital & Regional our preference is to use estimates of Adjusted Funds from Operations (AFFO) to calculate the intrinsic value using a discounted cash flow calculation.

However, in the case of Capital & Regional these estimates are not available, instead we are able to use analyst estimates of Net Asset Value (NAV).

The Net Asset Value (NAV) model is the most common intrinsic valuation methodology for REITs. The underlying idea is that you can value a REIT by valuing its real estate assets and then adjusting for its other assets and subtracting liabilities.

See our documentation to learn about this calculation.

BATS-CHIXE:CALL Net Asset Value (NAV)
Calculation Result
Average NAV from 4 analysts: GBP348.28 = GBP348.28 / 104 GBP3.41
BATS-CHIXE:CALL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:CALL represents 1.01458x of LSE:CAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01458x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.36 x 1.01458
£3.41
Value per share (GBP) From above. £3.41
Current discount Discount to share price of £2.44
= -1 x (£2.44 - £3.41) / £3.41
28.5%

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

Current Discount
Amount off the current price Capital & Regional is available for.
Intrinsic value
28%
Share price is £2.44 vs Future cash flow value of £3.41
Current Discount Checks
For Capital & Regional to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Capital & Regional's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Capital & Regional's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Capital & Regional's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capital & Regional's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:CALL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £-1.21
LSE:CAL Share Price ** LSE (2020-01-13) in GBP £2.4
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 39 Publicly-Listed REITs Companies 15.41x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 753 Publicly-Listed Companies 18.48x

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

** Primary Listing of Capital & Regional.

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

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

= 2.4 ÷ -1.21

-1.98x

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

  • Capital & Regional is loss making, we can't compare its value to the GB REITs industry average.
  • Capital & Regional 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 Capital & Regional's expected growth come at a high price?
Raw Data
BATS-CHIXE:CALL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
93.9%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 23 Publicly-Listed REITs Companies 0.87x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 558 Publicly-Listed Companies 1.53x

*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 Capital & Regional, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Capital & Regional's assets?
Raw Data
BATS-CHIXE:CALL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £5.15
LSE:CAL Share Price * LSE (2020-01-13) in GBP £2.4
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 53 Publicly-Listed REITs Companies 1.01x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,316 Publicly-Listed Companies 1.63x
BATS-CHIXE:CALL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 2.4 ÷ 5.15

0.47x

* Primary Listing of Capital & Regional.

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

  • Capital & Regional is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess Capital & Regional's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Capital & Regional has a total score of 2/6, 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.

CALL Future Performance

 How is Capital & Regional expected to perform in the next 1 to 3 years based on estimates from 5 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
93.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capital & Regional expected to grow at an attractive rate?
  • Capital & Regional's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Capital & Regional's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Capital & Regional'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:CALL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:CALL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 93.9%
BATS-CHIXE:CALL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -7.9%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 25.6%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 6.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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:CALL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 5 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:CALL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 46
2021-12-31 51 40 24 5
2020-12-31 50 39 1 5
2020-01-17
2019-12-31 51 36 -86 5
BATS-CHIXE:CALL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 93 30 -88
2019-03-31 92 31 -57
2018-12-30 91 33 -26
2018-09-30 91 32 -4
2018-06-30 91 30 17
2018-03-31 91 30 20
2017-12-30 90 29 22
2017-09-30 87 30 11
2017-06-30 84 30 1
2017-03-31 85 31 -2
2016-12-30 87 31 -4
2016-09-30 87 32 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capital & Regional's earnings are expected to grow significantly at over 20% yearly.
  • Capital & Regional's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:CALL 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 5 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:CALL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.21 0.25 0.16 2.00
2020-12-31 -0.07 -0.05 -0.09 2.00
2020-01-17
2019-12-31 -1.35 -1.01 -1.70 2.00
BATS-CHIXE:CALL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 -1.21
2019-03-31 -0.78
2018-12-30 -0.35
2018-09-30 -0.06
2018-06-30 0.24
2018-03-31 0.28
2017-12-30 0.32
2017-09-30 0.16
2017-06-30 0.01
2017-03-31 -0.03
2016-12-30 -0.06
2016-09-30 0.33

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Capital & Regional is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Capital & Regional's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United 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.
Capital & Regional has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

CALL Past Performance

  How has Capital & Regional 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 Capital & Regional's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Capital & Regional does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Capital & Regional's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Capital & Regional's 1-year growth to the GB REITs industry average as it is not currently profitable.
Earnings and Revenue History
Capital & Regional's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

BATS-CHIXE:CALL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 93.10 -87.70 9.20
2019-03-31 92.25 -56.65 9.20
2018-12-30 91.40 -25.60 9.20
2018-09-30 91.15 -4.30 9.50
2018-06-30 90.90 17.00 9.80
2018-03-31 90.55 19.70 10.00
2017-12-30 90.20 22.40 10.20
2017-09-30 87.05 11.45 10.35
2017-06-30 83.90 0.50 10.50
2017-03-31 85.40 -1.95 10.70
2016-12-30 86.90 -4.40 10.90
2016-09-30 86.55 22.90 10.75
2016-06-30 86.20 50.20 10.60
2016-03-31 83.95 73.90 10.70
2015-12-30 81.70 97.60 10.80
2015-09-30 77.70 105.90 11.40
2015-06-30 73.70 114.20 12.00
2015-03-31 62.30 91.20 11.50
2014-12-30 50.90 68.20 11.00
2014-06-30 34.10 13.40 10.90
2014-03-31 30.00 10.45 11.20
2013-12-30 25.90 7.50 11.50
2013-06-30 18.60 0.80 13.00
2013-03-31 16.20 -5.50 13.30

*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 Capital & Regional has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Capital & Regional has efficiently used its assets last year compared to the GB REITs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Capital & Regional 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 Capital & Regional's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Capital & Regional has a total score of 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.

CALL Health

 How is Capital & Regional's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Capital & Regional's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capital & Regional is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Capital & Regional's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Capital & Regional's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Capital & Regional Company Filings, last reported 6 months ago.

BATS-CHIXE:CALL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 373.70 433.30 30.20
2019-03-31 373.70 433.30 30.20
2018-12-30 433.00 433.10 32.00
2018-09-30 433.00 433.10 32.00
2018-06-30 476.90 422.60 25.70
2018-03-31 476.90 422.60 25.70
2017-12-30 481.40 423.70 30.20
2017-09-30 481.40 423.70 30.20
2017-06-30 481.10 422.20 31.10
2017-03-31 481.10 422.20 31.10
2016-12-30 477.60 362.90 49.20
2016-09-30 477.60 362.90 49.20
2016-06-30 499.40 418.60 28.50
2016-03-31 499.40 418.60 28.50
2015-12-30 503.20 374.90 49.90
2015-09-30 503.20 374.90 49.90
2015-06-30 470.50 374.40 49.60
2015-03-31 470.50 374.40 49.60
2014-12-30 419.00 396.80 42.60
2014-06-30 198.70 0.00 24.70
2014-03-31 198.70 0.00 24.70
2013-12-30 188.70 0.00 11.10
2013-06-30 183.30 57.10 31.90
2013-03-31 183.30 57.10 31.90
  • Capital & Regional's level of debt (115.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.3% vs 115.9% today).
  • Debt is not well covered by operating cash flow (6.9%, less than 20% of total debt).
  • Capital & Regional is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Capital & Regional's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Capital & Regional has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

CALL Dividends

 What is Capital & Regional's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Capital & Regional dividends. Estimated to be 10.7% next year.
If you bought £2,000 of Capital & Regional 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 Capital & Regional's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Capital & Regional'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:CALL 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 5 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 3.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 679 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.8%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:CALL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.29 1.00
2021-12-31 0.26 6.00
2020-12-31 0.25 6.00
2020-01-17
2019-12-31 0.22 6.00
BATS-CHIXE:CALL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-09-11 0.000 0.000
2019-03-26 0.242 13.797
2018-03-20 0.364 9.118
2017-11-27 0.350 6.390
2017-04-13 0.354 6.299
2017-03-09 0.354 6.138
2016-04-13 0.312 5.397
2016-03-04 0.312 4.855
2015-04-17 0.095 1.508
2015-03-04 0.095 1.662
2014-04-23 0.080 1.643
2014-03-05 0.080 1.703
2013-08-14 0.050 1.144
2012-03-07 0.000 0.000
2010-04-26 0.000 0.000
2010-03-18 0.000 0.000
2009-08-20 0.000 0.000
2009-04-24 0.000 0.000

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

  • Unable to perform a dividend volatility check as Capital & Regional has not reported any payouts.
  • Unable to verify if Capital & Regional's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Capital & Regional's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Capital & Regional has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Capital & Regional's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Capital & Regional afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capital & Regional has a total score of 1/6, see the detailed checks below.


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

CALL Management

 What is the CEO of Capital & Regional's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lawrence Hutchings
COMPENSATION £751,000
AGE 53
TENURE AS CEO 2.6 years
CEO Bio

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

CEO Compensation
  • Lawrence's compensation has increased whilst company is loss making.
  • Lawrence's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Lawrence Hutchings

TITLE
CEO & Director
COMPENSATION
£751K
AGE
53
TENURE
2.6 yrs

Stuart Wetherly

TITLE
Group Finance Director
AGE
42
TENURE
1.4 yrs

James Ryman

TITLE
Investment Director

Helen Mallows

TITLE
Human Resources Manager

Stewart McKellar

TITLE
Financial Controller
Board of Directors Tenure

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

2.6
Average Tenure
60
Average Age
  • The average tenure for the Capital & Regional board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hugh Scott-Barrett

TITLE
Non-Executive Chairman of the Board
COMPENSATION
£138K
AGE
61
TENURE
2.6 yrs

Lawrence Hutchings

TITLE
CEO & Director
COMPENSATION
£751K
AGE
53
TENURE
2.6 yrs

Stuart Wetherly

TITLE
Group Finance Director
AGE
42
TENURE
0.8 yrs

Tony Hales

TITLE
Senior Independent Director
COMPENSATION
£52K
AGE
71
TENURE
4 yrs

Ian Krieger

TITLE
Non-Executive Director
COMPENSATION
£47K
AGE
66
TENURE
5.1 yrs

Louis Norval

TITLE
Non-Executive Director
COMPENSATION
£42K
AGE
62
TENURE
10.3 yrs

Diane Whyte

TITLE
Non-Executive Director
COMPENSATION
£47K
AGE
60
TENURE
4.1 yrs

George Muchanya

TITLE
Non-Executive Directors
AGE
48
TENURE
0.1 yrs

Norbert Sasse

TITLE
Non-Executive Directors
AGE
54
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Capital & Regional individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
03. Jan 20 Sell Homestead Group Holdings Limited Company 30. Dec 19 30. Dec 19 -342,074 £2.50 £-855,184
03. Jan 20 Buy Homestead Group Holdings Limited Company 30. Dec 19 30. Dec 19 423,688 £2.50 £1,051,058
02. Jan 20 Sell Ian Krieger Individual 30. Dec 19 30. Dec 19 -6,626 £2.55 £-16,896
02. Jan 20 Buy Ian Krieger Individual 30. Dec 19 30. Dec 19 10,500 £2.55 £26,775
31. Dec 19 Buy Diane Whyte Individual 30. Dec 19 30. Dec 19 2,498 £2.57 £6,419
29. Nov 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Nov 19 28. Nov 19 -59 £3.00 £0
29. Nov 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Nov 19 28. Nov 19 30 £2.97 £88
28. Nov 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Nov 19 27. Nov 19 -16 £2.89 £0
28. Nov 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Nov 19 27. Nov 19 8 £2.88 £23
28. Nov 19 Buy BMO Global Asset Management Company 27. Nov 19 27. Nov 19 394,879 £2.90 £1,145,149
27. Nov 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 26. Nov 19 26. Nov 19 -4 £2.88 £0
27. Nov 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 26. Nov 19 26. Nov 19 2 £2.88 £6
26. Nov 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 25. Nov 19 25. Nov 19 -20 £2.80 £0
26. Nov 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 25. Nov 19 25. Nov 19 10 £2.80 £29
08. Nov 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 07. Nov 19 07. Nov 19 -8 £2.71 £-20
08. Nov 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 07. Nov 19 07. Nov 19 323 £2.71 £0
25. Nov 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 22. Nov 19 22. Nov 19 0 £2.83 £0
25. Nov 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 22. Nov 19 22. Nov 19 0 £2.83 £0
21. Nov 19 Sell BlackRock, Inc. Company 20. Nov 19 20. Nov 19 -261 £2.61 £-681
21. Nov 19 Sell Legal & General Investment Management Limited Company 20. Nov 19 20. Nov 19 -11,299 £2.62 £-29,548
15. Nov 19 Sell Legal & General Investment Management Limited Company 14. Nov 19 14. Nov 19 -11,887 £2.67 £-31,451
15. Nov 19 Buy Legal & General Investment Management Limited Company 14. Nov 19 14. Nov 19 10,687 £2.64 £28,247
14. Nov 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 13. Nov 19 13. Nov 19 -1 £2.69 £-1
13. Nov 19 Buy Legal & General Investment Management Limited Company 12. Nov 19 12. Nov 19 2,141 £2.64 £5,648
11. Nov 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 08. Nov 19 08. Nov 19 -129 £2.67 £-344
11. Nov 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 08. Nov 19 08. Nov 19 258 £2.67 £0
06. Nov 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 05. Nov 19 05. Nov 19 828 £2.64 £2,183
22. Oct 19 Sell BlackRock, Inc. Company 21. Oct 19 21. Oct 19 -1,481 £2.66 £-3,937
31. Oct 19 Buy BlackRock, Inc. Company 30. Oct 19 30. Oct 19 11,642 £2.66 £31,014
01. Nov 19 Sell BlackRock, Inc. Company 31. Oct 19 31. Oct 19 -4,451 £2.65 £-11,800
01. Nov 19 Buy BlackRock, Inc. Company 31. Oct 19 31. Oct 19 23,084 £2.65 £60,637
31. Oct 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 30. Oct 19 30. Oct 19 -9 £2.59 £-22
30. Oct 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 29. Oct 19 29. Oct 19 -804 £2.69 £-2,163
30. Oct 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 29. Oct 19 29. Oct 19 725 £2.69 £1,949
29. Oct 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Oct 19 28. Oct 19 -1,134 £2.67 £-3,025
28. Oct 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 25. Oct 19 25. Oct 19 -300 £2.71 £-813
22. Oct 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 21. Oct 19 21. Oct 19 -2 £2.64 £-6
22. Oct 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 21. Oct 19 21. Oct 19 272 £2.68 £0
24. Oct 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 23. Oct 19 23. Oct 19 272 £2.66 £722
23. Oct 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 22. Oct 19 22. Oct 19 411 £2.71 £1,112
21. Oct 19 Buy Janus Henderson Group plc Company 18. Oct 19 18. Oct 19 17,854 £2.60 £46,437
21. Oct 19 Sell BlackRock, Inc. Company 18. Oct 19 18. Oct 19 -2,378 £2.62 £-6,226
17. Oct 19 Sell Barclays PLC Private Banking & Investment Banking Investment Company 16. Oct 19 16. Oct 19 -2,495 £2.13 £-5,301
17. Oct 19 Buy Barclays PLC Private Banking & Investment Banking Investment Company 16. Oct 19 16. Oct 19 14,198 £2.09 £29,628
18. Oct 19 Sell Barclays PLC Private Banking & Investment Banking Investment Company 17. Oct 19 17. Oct 19 -359,766 £2.66 £-926,856
18. Oct 19 Buy Barclays PLC Private Banking & Investment Banking Investment Company 17. Oct 19 17. Oct 19 28,034 £2.66 £71,551
18. Oct 19 Sell BlackRock, Inc. Company 17. Oct 19 17. Oct 19 -98,120 £2.52 £-246,174
18. Oct 19 Buy Janus Henderson Group plc Company 17. Oct 19 17. Oct 19 257,272 £2.52 £643,919
16. Oct 19 Sell Barclays PLC Private Banking & Investment Banking Investment Company 15. Oct 19 15. Oct 19 -5,461 £2.06 £-11,005
16. Oct 19 Buy Barclays PLC Private Banking & Investment Banking Investment Company 15. Oct 19 15. Oct 19 73,545 £2.09 £149,884
16. Oct 19 Sell BlackRock, Inc. Company 15. Oct 19 15. Oct 19 -1,044 £2.15 £-2,247
15. Oct 19 Sell BlackRock, Inc. Company 14. Oct 19 14. Oct 19 -2,884 £1.95 £-5,593
14. Oct 19 Sell Barclays PLC Private Banking & Investment Banking Investment Company 11. Oct 19 11. Oct 19 -4,777 £1.90 £-9,058
14. Oct 19 Buy Barclays PLC Private Banking & Investment Banking Investment Company 11. Oct 19 11. Oct 19 207,777 £1.90 £395,369
15. Oct 19 Buy Barclays PLC Private Banking & Investment Banking Investment Company 14. Oct 19 14. Oct 19 22,724 £1.99 £45,312
14. Oct 19 Sell Aberforth Partners LLP Company 11. Oct 19 11. Oct 19 -512,747 £1.90 £-975,475
14. Oct 19 Sell BlackRock, Inc. Company 11. Oct 19 11. Oct 19 -4,909 £1.90 £-9,337
09. Oct 19 Sell Aberforth Partners LLP Company 08. Oct 19 08. Oct 19 -126,493 £1.90 £-240,336
03. Oct 19 Sell Aberforth Partners LLP Company 02. Oct 19 02. Oct 19 -107,412 £1.97 £-211,290
11. Oct 19 Sell BlackRock, Inc. Company 10. Oct 19 10. Oct 19 -1,008 £1.87 £-1,875
10. Oct 19 Sell Legal & General Investment Management Limited Company 09. Oct 19 09. Oct 19 -3,981 £1.80 £-7,154
10. Oct 19 Sell BlackRock, Inc. Company 09. Oct 19 09. Oct 19 -8,186 £1.79 £-14,661
09. Oct 19 Buy BlackRock, Inc. Company 08. Oct 19 08. Oct 19 16,335 £1.89 £30,890
07. Oct 19 Sell Aberforth Partners LLP Company 04. Oct 19 04. Oct 19 -3,223 £1.90 £-6,130
04. Oct 19 Sell Aberforth Partners LLP Company 03. Oct 19 03. Oct 19 -6,395 £1.95 £-12,488
04. Oct 19 Buy BlackRock, Inc. Company 03. Oct 19 03. Oct 19 919 £1.94 £1,781
02. Oct 19 Sell Aberforth Partners LLP Company 01. Oct 19 01. Oct 19 -76,604 £1.98 £-151,327
01. Oct 19 Buy Standard Life Aberdeen plc Company 30. Sep 19 30. Sep 19 5,281 £2.00 £10,561
30. Sep 19 Buy Standard Life Aberdeen plc Company 27. Sep 19 27. Sep 19 4,552 £2.00 £9,104
26. Sep 19 Sell BlackRock, Inc. Company 25. Sep 19 25. Sep 19 -22,782 £1.83 £-41,714
25. Sep 19 Sell BlackRock, Inc. Company 24. Sep 19 24. Sep 19 -13,197 £1.81 £-23,843
17. Sep 19 Sell BlackRock, Inc. Company 16. Sep 19 16. Sep 19 -106,996 £2.01 £-214,275
12. Sep 19 Buy Standard Life Aberdeen plc Company 11. Sep 19 11. Sep 19 42,086 £1.79 £75,334
X
Management checks
We assess Capital & Regional's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Capital & Regional has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

CALL News

Simply Wall St News

CALL Company Info

Description

Capital & Regional is a UK focused retail property REIT specialising in shopping centres that dominate their catchment, serving the non-discretionary and value orientated needs of the local communities. It has a strong track record of delivering value enhancing retail and leisure asset management opportunities across a c. £0.8 billion portfolio of in-town shopping centres. Capital & Regional is listed on the main market of the London Stock Exchange (LSE) and has a secondary listing on the Johannesburg Stock Exchange (JSE). Capital & Regional owns seven shopping centres in Blackburn, Hemel Hempstead, Ilford, Luton, Maidstone, Walthamstow and Wood Green. Capital & Regional manages these assets through its in-house expert property and asset management platform.

Details
Name: Capital & Regional Plc
CALL
Exchange: BATS-CHIXE
Founded: 1979
£249,033,691
103,764,038
Website: http://www.capreg.com
Address: Capital & Regional Plc
22 Chapter Street,
London,
Greater London, SW1P 4NP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE CAL Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
JSE CRP Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 02. Jan 1992
BATS-CHIXE CALL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
390
Capital & Regional employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/17 19:38
End of day share price update: 2020/01/13 00:00
Last estimates confirmation: 2020/01/16
Last earnings filing: 2019/09/11
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/30


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

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