Crest Nicholson Holdings (CRST) AI Stock Analysis

• Market Cap: £472.40M
• Dividend Yield: 0.98%
• Average Volume (3M): 595.17K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.74
• Revenue Growth: -3.50%
• EPS Growth: -176.18%
• Country: UK
• Employees: 704
• Sector: Consumer Cyclical
• Sector Strength: 61
• Industry: Residential Construction
• EPS (TTM): 0.02
• Shares Outstanding: 256,922,820
• 10 Day Avg. Volume: 431,376
• 30 Day Avg. Volume: 595,166
• PEG Ratio: -0.31
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £222.00
• Price Target Upside: 11965.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 52 Neutral
• Price Target: 183.00p ▲(9845.65%Upside)

Crest Nicholson Holdings' stock score reflects significant financial challenges and unattractive valuation, mitigated by positive corporate events and modest technical indicators. The company's strategic initiatives and executive alignment offer potential for recovery, but financial and valuation concerns weigh heavily on the score.

Positive Factors

Earnings Potential

Crest Nicholson's strategy could deliver a significant upside, with shares potentially seeing a 50% increase if the discount to the sector is narrowed.

Management and Leadership

The new management team, led by industry veteran Martyn Clark, has provided a clear analysis and path to resolving the company's issues and restoring industry-level returns.

Negative Factors

Market Challenges

Crest Nicholson faces the most challenging immediate trading outlook, given its southern exposure, and may still see more cladding costs.

Crest Nicholson Holdings Business Overview & Revenue Model

Company Description

Crest Nicholson Holdings (CRST) is a leading residential developer in the United Kingdom, specializing in the design and construction of high-quality homes and mixed-use developments. The company operates primarily in the Southern half of England, focusing on creating sustainable communities that cater to a range of needs. Crest Nicholson's core products include private homes, affordable housing, and large-scale urban regeneration projects, offering a blend of traditional craftsmanship and modern design to deliver appealing and functional living spaces.

How the Company Makes Money

Crest Nicholson makes money primarily through the sale of residential properties, including private homes and affordable housing units. The company's revenue model is centered on acquiring land, obtaining planning permissions, and developing the land into residential communities. Key revenue streams include the direct sale of completed homes to individual buyers and other housing associations or partners involved in affordable housing projects. Additionally, Crest Nicholson may engage in joint ventures and partnerships to share development risks and costs, thus enhancing its revenue potential. Factors such as market demand, land acquisition strategies, and government housing policies significantly influence its earnings.

Crest Nicholson Holdings Financial Statement Overview

Summary

Crest Nicholson Holdings faces financial challenges with declining revenues, negative profitability, and cash flow issues. The balance sheet indicates manageable leverage but also shows concerns with decreasing equity and assets.

Income Statement

The income statement reveals significant challenges with declining revenue and net income. The gross profit margin turned negative in the most recent year, indicating cost pressures. Revenue has decreased over the past few years, reflecting a contraction in business activity. The net profit margin is also negative, suggesting profitability issues.

Balance Sheet

The balance sheet shows moderate financial stability. The debt-to-equity ratio is relatively low, indicating manageable leverage. However, the decline in stockholders' equity and total assets raises concerns about diminishing financial strength. The equity ratio remains reasonable, suggesting a stable capital structure.

Cash Flow

Cash flow analysis highlights significant strains, with negative free cash flow in the recent year. The operating cash flow to net income ratio is unfavorable, suggesting issues in converting earnings to cash. The free cash flow to net income ratio is also negative, reflecting cash generation challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	618.20M	657.50M	913.60M	786.60M	677.90M
Gross Profit	-71.60M	100.60M	194.30M	166.70M	107.70M
EBITDA	-122.80M	39.50M	42.80M	100.20M	7.70M
Net Income	-103.50M	17.90M	26.40M	70.90M	-10.70M
Balance Sheet
Total Assets	1.44B	1.53B	1.58B	1.61B	1.47B
Cash, Cash Equivalents and Short-Term Investments	74.80M	163.70M	374.90M	351.80M	240.20M
Total Debt	94.30M	104.10M	101.00M	102.50M	104.20M
Total Liabilities	713.30M	674.00M	696.10M	706.80M	641.90M
Stockholders Equity	728.90M	856.30M	883.10M	901.60M	825.30M
Cash Flow
Free Cash Flow	-69.20M	-167.40M	54.10M	126.40M	114.20M
Operating Cash Flow	-67.80M	-165.60M	54.20M	126.60M	114.50M
Investing Cash Flow	25.00M	1.60M	11.90M	-700.00K	-4.50M
Financing Cash Flow	-46.00M	-47.00M	-43.20M	-14.60M	-41.20M

Crest Nicholson Holdings Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.84
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CRST, the sentiment is Neutral. The current price of 1.84 is below the 20-day moving average (MA) of 1.87, below the 50-day MA of 1.85, and above the 200-day MA of 1.71, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.78 is Neutral, neither overbought nor oversold. The STOCH value of 30.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:CRST.

Crest Nicholson Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPR	71 Outperform	£119.64M	13.17	5.82%	0.73%	-14.19%	9.78%
GLE	58 Neutral	£213.07M	12.88	5.65%	1.65%	13.91%	-2.75%
GLE	58 Neutral	£213.07M	12.88	5.65%	1.65%	13.91%	-2.75%
VTY	58 Neutral	£2.00B	0.29	2.27%	―	6.04%	-66.96%
VTY	58 Neutral	£2.00B	0.29	2.27%	―	6.04%	-66.96%
Sector *	56 Neutral	HK$24.59B	3.77	-2.05%	6.59%	-0.32%	-67.68%
WJG	54 Neutral	£70.58M	48.31	-0.29%	―	-27.17%	98.73%
WJG	54 Neutral	£70.58M	48.31	-0.29%	―	-27.17%	98.73%
CRST	52 Neutral	£472.40M	―	-9.56%	0.98%	-3.50%	-176.18%
BWY	49 Neutral	£3.12B	21.24	4.22%	1.17%	-11.63%	-31.81%
BWY	49 Neutral	£3.12B	21.24	4.22%	1.17%	-11.63%	-31.81%

Crest Nicholson Holdings Corporate Events

Crest Nicholson Changes Share Registrar to MUFG Corporate Markets

Crest Nicholson Holdings PLC has announced a change in its share registrar from Equiniti to MUFG Corporate Markets, effective from 7 July 2025. This change is part of the company’s ongoing efforts to streamline its operations and improve shareholder services, potentially impacting stakeholders by enhancing the efficiency of shareholding management.

The most recent analyst rating on (GB:CRST) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Crest Nicholson Holdings stock, see the GB:CRST Stock Forecast page.

Crest Nicholson Announces Total Voting Rights Update

Crest Nicholson Holdings plc announced that as of June 30, 2025, its issued share capital consists of 256,922,810 ordinary shares, each carrying one voting right. This information is crucial for shareholders to determine their notification requirements regarding their interest in the company’s shares, as per the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:CRST) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Crest Nicholson Holdings stock, see the GB:CRST Stock Forecast page.

Crest Nicholson Sees Change in Major Holdings

Crest Nicholson Holdings PLC has announced a change in its major holdings, with Ameriprise Financial, Inc. increasing its voting rights to 5.086% as of June 13, 2025. This acquisition of voting rights signifies a strategic move by Ameriprise Financial, potentially impacting Crest Nicholson’s governance and future decision-making processes, which stakeholders should closely monitor.

The most recent analyst rating on (GB:CRST) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Crest Nicholson Holdings stock, see the GB:CRST Stock Forecast page.

Crest Nicholson Reports Strong Interim Results and Strategic Progress

Crest Nicholson Holdings PLC reported its interim results for the six months ending April 2025, showing trading in line with expectations and confirming its full-year guidance. The company has made significant strategic progress, including a focus on quality home building, customer satisfaction, and operational excellence. Improved sales rates and gross profit margins were noted, alongside a reduction in administrative expenses and net debt. The housing market shows signs of stabilisation, with Crest Nicholson well-positioned to navigate the market confidently. The company remains committed to its strategic priorities and anticipates further performance improvements in the second half of the year.

The most recent analyst rating on (GB:CRST) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Crest Nicholson Holdings stock, see the GB:CRST Stock Forecast page.

Crest Nicholson Executives Acquire Shares to Strengthen Stakeholder Alignment

Crest Nicholson Holdings PLC announced the acquisition of partnership and award of free matching shares through its Share Incentive Plan by key executives, including CEO Martyn Clark, CFO Bill Floydd, and Group Company Secretary Penny Thomas. This transaction, conducted outside a trading venue and on the London Stock Exchange, reflects the company’s ongoing efforts to align management interests with shareholder value, potentially enhancing stakeholder confidence and market positioning.

The most recent analyst rating on (GB:CRST) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Crest Nicholson Holdings stock, see the GB:CRST Stock Forecast page.

Crest Nicholson Awards Shares to Key Executives

Crest Nicholson Holdings has announced the acquisition of partnership and awarding of free matching shares to key executives through its Share Incentive Plan. This move involves the CEO, CFO, and Group Company Secretary, reflecting the company’s strategy to align management interests with shareholder value, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (GB:CRST) stock is a Buy with a £185.00 price target. To see the full list of analyst forecasts on Crest Nicholson Holdings stock, see the GB:CRST Stock Forecast page.

Crest Nicholson CEO Executes Share Transactions

Crest Nicholson Holdings PLC announced a series of transactions involving its CEO, Martyn Clark, who executed share transactions as part of his compensation package. These transactions included the delivery and exercise of share options, as well as the disposal of shares to settle tax liabilities. This announcement reflects the company’s ongoing management of executive compensation and its implications for shareholder value.

Crest Nicholson Seeks Admission of New Shares to Official List

Crest Nicholson Holdings plc has applied for the admission of 1,000,000 ordinary shares to the Official List of the UK Listing Authority and the London Stock Exchange. These shares, expected to be admitted on April 17, 2025, are part of the company’s Share Incentive Plan and will rank equally with existing shares, potentially impacting shareholder value and market perception.