Financials Crest Nicholson Holdings plc

Equities

Market Closed - London S.E. Other stock markets 11:35:22 2024-06-14 am EDT			5-day change	1st Jan Change
242 ^GBX	+13.72%		-3.04%	+11.42%

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Fiscal Period: oktober	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	997.3	564.4	914	518.2	409.8	620.3	-	-
Enterprise Value (EV) ¹	960.1	422.2	661.2	241.7	344.9	704.1	691	677.3
P/E ratio	12.1 x	-52.3 x	12.9 x	19.8 x	22.9 x	78.6 x	18 x	13 x
Yield	8.5%	-	3.82%	8.42%	10.6%	1.57%	2.36%	3.18%
Capitalization / Revenue	0.92 x	0.83 x	1.16 x	0.57 x	0.62 x	1.01 x	0.94 x	0.87 x
EV / Revenue	0.88 x	0.62 x	0.84 x	0.26 x	0.52 x	1.15 x	1.05 x	0.95 x
EV / EBITDA	7.09 x	6.58 x	5.6 x	1.69 x	7.34 x	15.4 x	11.6 x	8.75 x
EV / FCF	7.91 x	3.71 x	5.23 x	4.68 x	-2.06 x	-6.03 x	22.4 x	21.7 x
FCF Yield	12.6%	27%	19.1%	21.3%	-48.5%	-16.6%	4.46%	4.6%
Price to Book	1.17 x	0.68 x	1.01 x	0.59 x	-	0.75 x	0.73 x	0.7 x
Nbr of stocks (in thousands)	256,782	256,776	256,736	256,531	256,132	256,320	-	-
Reference price ²	3.884	2.198	3.560	2.020	1.600	2.420	2.420	2.420
Announcement Date	1/28/20	1/26/21	1/19/22	1/17/23	1/23/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: oktober	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	1,086	677.9	786.6	913.6	657.5	613.8	656.7	713.8
EBITDA ¹	135.5	64.2	118	143.2	47	45.61	59.57	77.43
EBIT ¹	133	57.1	114.6	140.9	44.2	40.95	58.02	76.1
Operating Margin	12.24%	8.42%	14.57%	15.42%	6.72%	6.67%	8.84%	10.66%
Earnings before Tax (EBT) ¹	102.7	-13.5	86.9	32.8	23.1	40.87	48.92	66.72
Net income ¹	82.5	-10.7	70.9	26.4	17.9	7.838	34.46	47.86
Net margin	7.59%	-1.58%	9.01%	2.89%	2.72%	1.28%	5.25%	6.7%
EPS ²	0.3210	-0.0420	0.2750	0.1020	0.0700	0.0308	0.1343	0.1861
Free Cash Flow ¹	121.4	113.9	126.3	51.6	-167.4	-116.7	30.79	31.18
FCF margin	11.17%	16.8%	16.06%	5.65%	-25.46%	-19.01%	4.69%	4.37%
FCF Conversion (EBITDA)	89.59%	177.41%	107.03%	36.03%	-	-	51.69%	40.27%
FCF Conversion (Net income)	147.15%	-	178.14%	195.45%	-	-	89.36%	65.15%
Dividend per Share ²	0.3300	-	0.1360	0.1700	0.1700	0.0381	0.0571	0.0770
Announcement Date	1/28/20	1/26/21	1/19/22	1/17/23	1/23/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: October	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	83.8	70.7	57
Net Cash position ¹	37.2	142	253	277	64.9	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	1.837 x	1.187 x	0.7365 x
Free Cash Flow ¹	121	114	126	51.6	-167	-117	30.8	31.2
ROE (net income / shareholders' equity)	11.6%	4.44%	8.21%	2.96%	3.61%	2.68%	3.98%	5.42%
ROA (Net income/ Total Assets)	6.17%	-0.7%	4.61%	1.66%	2.02%	0.71%	2.33%	3.3%
Assets ¹	1,337	1,525	1,538	1,594	886.3	1,111	1,478	1,449
Book Value Per Share ²	3.330	3.240	3.510	3.450	-	3.210	3.310	3.430
Cash Flow per Share ²	0.4900	0.4400	0.4900	0.2000	-0.6500	-0.4200	0.1900	0.1200
Capex ¹	3.8	0.3	0.2	0.1	1.8	2.88	2.88	2.77
Capex / Sales	0.35%	0.04%	0.03%	0.01%	0.27%	0.47%	0.44%	0.39%
Announcement Date	1/28/20	1/26/21	1/19/22	1/17/23	1/23/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

2.42 GBP

Average target price

2.348 GBP

Spread / Average Target

-2.98%

	1st Jan change	Capi.
CREST NICHOLSON HOLDINGS PLC	+11.42%	696M
DR HORTON	-6.05%	47.24B
PULTEGROUP, INC.	+10.53%	24.29B
DAIWA HOUSE INDUSTRY CO., LTD.	-4.21%	16.33B
SEKISUI HOUSE, LTD.	+11.91%	14.39B
TOLL BROTHERS, INC.	+16.08%	12.4B
SUMITOMO FORESTRY CO., LTD.	+32.88%	7.03B
THE BERKELEY GROUP HOLDINGS PLC	+7.30%	6.85B
TAYLOR WIMPEY PLC	+0.85%	6.75B
BARRATT DEVELOPMENTS PLC	-13.10%	6.19B