CLS Holdings PLC (GB:CLI)
LSE:CLI
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CLS Holdings
(LSE:CLI)
Select Model
Select Model
Rating:47Neutral
Price Target:
46.00 p
▼(-23.84% Downside)
Action:ReiteratedDate:03/15/26
The score is held down primarily by weak financial performance (persistent losses and elevated leverage for an office REIT) and bearish technicals (below all major moving averages with negative MACD). A high dividend yield and generally positive cash flow provide partial support but do not fully offset the profitability and trend concerns.
Positive Factors
Resilient cash generation
Consistent positive operating cash flow despite accounting losses shows the business converts rental income into cash. This durable cash generation supports near-term debt service, maintenance capex and distributions, providing liquidity flexibility and reducing immediate refinancing pressure.
Negative Factors
Multi-year net losses
Persistent accounting losses erode retained earnings and restrict internal capital formation, forcing reliance on external funding or asset sales. Over the medium term this undermines equity growth, limits reinvestment capacity and raises the risk that cash distributions become unsustainable if pressures persist.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient cash generation
Consistent positive operating cash flow despite accounting losses shows the business converts rental income into cash. This durable cash generation supports near-term debt service, maintenance capex and distributions, providing liquidity flexibility and reducing immediate refinancing pressure.
Read all positive factors
CLS Holdings (CLI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£198.31M
Dividend Yield6.64%
Average Volume (3M)809.19K
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue Growth-5.32%
EPS Growth72.50%
CountryUK
Employees123
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.07
Shares Outstanding398,110,750
10 Day Avg. Volume349,018
30 Day Avg. Volume809,189
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.32
Price to Sales (P/S)1.72
P/FCF Ratio16.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£80.00Price Target Upside32.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.07
Revenue Forecast (FY)£108.39M
CLS Holdings Business Overview & Revenue Model
Company Description
CLS Holdings plc, together with its subsidiaries, engages in the investment, development, and management of commercial properties in the United Kingdom, Germany, and France. It operates in two segments, Investment Properties and Other Investments....
How the Company Makes Money
null...
CLS Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 139.70M | 151.90M | 148.70M | 139.70M | 139.80M |
| Gross Profit | 100.50M | 95.90M | 113.00M | 107.80M | 108.00M |
| EBITDA | -23.30M | -55.80M | 80.00M | 76.50M | 79.60M |
| Net Income | -50.30M | -93.60M | -249.80M | -81.90M | 119.50M |
Balance Sheet | |||||
| Total Assets | 1.77B | 1.93B | 2.16B | 2.50B | 2.54B |
| Cash, Cash Equivalents and Short-Term Investments | 49.40M | 9.00M | 70.60M | 113.90M | 167.40M |
| Total Debt | 905.30M | 1.00B | 1.07B | 1.11B | 1.03B |
| Total Liabilities | 1.03B | 1.15B | 1.23B | 1.28B | 1.21B |
| Stockholders Equity | 742.10M | 784.20M | 929.20M | 1.22B | 1.33B |
Cash Flow | |||||
| Free Cash Flow | 14.50M | 6.80M | 44.80M | -15.40M | 6.90M |
| Operating Cash Flow | 14.60M | 29.50M | 45.90M | 43.00M | 44.20M |
| Investing Cash Flow | 114.20M | 41.10M | -32.30M | -81.30M | -165.50M |
| Financing Cash Flow | -142.90M | -79.80M | -56.20M | -14.60M | 57.30M |
CLS Holdings Technical Analysis
Negative
60.40
Price Trends
56.45
Negative
57.73
Negative
59.57
Negative
Market Momentum
-2.51
Negative
41.13
Neutral
68.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CLI, the sentiment is Negative. The current price of 60.4 is above the 20-day moving average (MA) of 50.42, above the 50-day MA of 56.45, and above the 200-day MA of 59.57, indicating a bearish trend. The MACD of -2.51 indicates Negative momentum. The RSI at 41.13 is Neutral, neither overbought nor oversold. The STOCH value of 68.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CLI.
CLS Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £2.68B | 3.50 | 8.78% | 2.58% | -0.04% | 655.16% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | £1.25B | 5.45 | 7.18% | 2.52% | 12.73% | ― | |
63 Neutral | £1.86B | 12.12 | 4.48% | 3.93% | 2.30% | ― | |
57 Neutral | £726.34M | -2.68 | -5.24% | 7.31% | -1.67% | -120.18% | |
50 Neutral | £228.53M | 35.14 | 5.91% | 2.71% | -14.09% | ― | |
47 Neutral | £198.31M | -4.76 | -6.67% | 6.64% | -5.32% | 72.50% |
* Real Estate Sector Average
GB:CLI
CLS Holdings
49.90
-6.88
-12.12%
GB:SHC
Shaftesbury Capital
137.60
27.08
24.50%
GB:DLN
Derwent London plc REIT
1,657.00
47.73
2.97%
GB:GPE
Great Portland Estates plc R.E.I.T.
308.60
49.39
19.06%
GB:HLCL
Helical
186.20
12.00
6.89%
GB:WKP
Workspace Group plc R.E.I.T.
377.80
22.94
6.47%
CLS Holdings Corporate Events
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
CLS Holdings Publishes 2025 Report and Sets Date for 2026 AGM
Neutral
Mar 23, 2026
CLS Holdings plc has released its Annual Report and Accounts for the year ended 31 December 2025, providing shareholders with detailed financial and operational information on its property investment activities. The report will be accessible via t...
Regulatory Filings and Compliance
CLS Holdings Director Increases Stake with 200,000-Share Purchase
Positive
Mar 16, 2026
CLS Holdings plc disclosed a director dealing under UK Market Abuse Regulation, reporting that non-executive director Johannes Conradi acquired 200,000 ordinary shares in the company. The shares were purchased on 13 March 2026 on the London Stock ...
Executive/Board ChangesRegulatory Filings and Compliance
CLS CEO Boosts Stake Through Share Incentive Plan
Positive
Mar 13, 2026
CLS Holdings plc reported that its chief executive officer and director, Fredrik Widlund, has increased his equity stake through participation in the company’s Share Incentive Plan. Under the plan’s Partnership Shares element, he acqui...
Business Operations and StrategyDividendsFinancial Disclosures
CLS Holdings tightens balance sheet as earnings fall on higher vacancy and valuation hits
Negative
Mar 13, 2026
CLS Holdings reported weaker 2025 earnings as EPRA EPS fell 17.4% and net rental income declined 11.1%, hit by disposals, higher vacancy and portfolio valuation write-downs that resulted in a £50.3m statutory loss. The portfolio value slipped...
Regulatory Filings and Compliance
CLS Holdings CEO Increases Stake Through Share Incentive Plan
Neutral
Feb 10, 2026
CLS Holdings has disclosed a routine share transaction by Chief Executive Officer and director Fredrik Widlund under the company’s Share Incentive Plan. Widlund acquired 244 partnership shares at 61.6 pence each on 9 February 2026 and receiv...
Regulatory Filings and Compliance
CLS Holdings CEO Increases Stake Through Share Incentive Plan
Neutral
Jan 13, 2026
CLS Holdings plc reported that its Chief Executive Officer and director, Fredrik Widlund, acquired 249 ordinary shares of 2.5 pence each under the Partnership Shares element of the company’s Share Incentive Plan on 8 January 2026, at a price...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.