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Chesnara
(LSE:CSN)
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Rating:53Neutral
Price Target:
338.00 p
â–²(8.33% Upside)
Action:Downgraded
Date:03/25/26
The score is held back primarily by inconsistent profitability and especially unstable cash flow, despite a currently strong balance sheet. Technically, the stock shows a weak trend (below key moving averages and negative MACD), while valuation is supported by a very high dividend yield but tempered by negative earnings (negative P/E).
Positive Factors
Balance-sheet strength
A very low reported debt load versus substantial equity provides durable capital flexibility: it supports meeting long-term policy liabilities, enables opportunistic closed-book acquisitions, and cushions reserve or market shocks. This strong capitalization underpins solvency and strategic optionality over months.
Negative Factors
Unstable cash flows
Repeated negative operating/free cash flow (2022, 2023 and a sharp outflow in 2025) signals cash conversion is inconsistent. That undermines the firm's ability to reliably fund policy obligations, dividends or buybacks, and may force capital measures or disposals, increasing execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
A very low reported debt load versus substantial equity provides durable capital flexibility: it supports meeting long-term policy liabilities, enables opportunistic closed-book acquisitions, and cushions reserve or market shocks. This strong capitalization underpins solvency and strategic optionality over months.
Read all positive factors
Chesnara (CSN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£768.24M
Dividend Yield8.03%
Average Volume (3M)513.47K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth-40.13%
EPS Growth-369.64%
CountryUK
Employees386
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)-0.05
Shares Outstanding231,067,500
10 Day Avg. Volume619,890
30 Day Avg. Volume513,471
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.49
Price to Sales (P/S)0.62
P/FCF Ratio-2.67
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£340.00Price Target Upside8.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.19
Revenue Forecast (FY)N/A
Chesnara Business Overview & Revenue Model
Company Description
Chesnara plc, encompassing its various operating companies, specializes in providing life insurance and pension services, primarily serving clients in the United Kingdom, the Netherlands, and Sweden. The firm conducts its business through several ...
How the Company Makes Money
Chesnara makes money primarily by generating profits and cash flows from life insurance and pension policies it administers, especially long-term in-force portfolios. Key revenue and profit drivers typically include: (1) Management charges and fee...
Chesnara Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
73
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 990.40M | 1.67B | 1.03B | -720.40M | 1.50B |
| Gross Profit | 990.40M | 1.67B | 1.03B | -1.29B | 1.49B |
| EBITDA | 48.50M | 49.70M | 31.40M | -48.40M | 42.19M |
| Net Income | -10.40M | 3.90M | 18.70M | -33.70M | 27.29M |
Balance Sheet | |||||
| Total Assets | 14.58B | 12.76B | 12.13B | 11.14B | 9.42B |
| Cash, Cash Equivalents and Short-Term Investments | 145.30M | 138.00M | 146.00M | 204.60M | 70.09M |
| Total Debt | 205.30M | 206.20M | 209.30M | 213.23M | 49.46M |
| Total Liabilities | 14.01B | 12.44B | 11.77B | 10.81B | 8.96B |
| Stockholders Equity | 415.50M | 314.40M | 359.90M | 333.12M | 458.17M |
Cash Flow | |||||
| Free Cash Flow | -231.70M | 37.80M | -35.70M | -80.43M | 20.69M |
| Operating Cash Flow | -230.80M | 38.60M | -34.90M | -76.92M | 24.32M |
| Investing Cash Flow | -900.00K | 5.00M | 29.50M | 52.05M | -3.64M |
| Financing Cash Flow | 234.80M | -49.70M | -49.80M | 121.30M | -52.25M |
Chesnara Technical Analysis
Neutral
312.00
Price Trends
324.95
Positive
310.84
Positive
291.95
Positive
Market Momentum
3.32
Positive
53.96
Neutral
50.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CSN, the sentiment is Neutral. The current price of 312 is below the 20-day moving average (MA) of 334.37, below the 50-day MA of 324.95, and above the 200-day MA of 291.95, indicating a neutral trend. The MACD of 3.32 indicates Positive momentum. The RSI at 53.96 is Neutral, neither overbought nor oversold. The STOCH value of 50.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:CSN.
Chesnara Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | £26.01B | 8.90 | 26.87% | 1.56% | 61.45% | 78.24% | |
58 Neutral | £73.81M | 18.43 | 25.08% | 9.33% | -41.29% | 150.43% | |
53 Neutral | £768.24M | -6.16 | -2.43% | 8.03% | -40.13% | -369.64% | |
52 Neutral | £886.11M | 59.92 | -15.72% | ― | 12.19% | ― | |
51 Neutral | £308.13M | -106.61 | -8.36% | ― | 28.33% | 14.18% |
* Financial Sector Average
GB:CSN
Chesnara
333.00
89.76
36.90%
GB:PRU
Prudential
1,043.00
127.12
13.88%
GB:SAGA
Saga plc
622.00
440.00
241.76%
GB:HSD
Hansard Global
54.00
8.04
17.49%
GB:PBEE
PensionBee Group PLC
129.00
-40.50
-23.89%
Chesnara Corporate Events
Regulatory Filings and Compliance
Chesnara CEO Steve Murray Increases Stake Following LTIP Option Exercise
Positive
Jul 8, 2026
Chesnara plc has disclosed that Group CEO Steve Murray exercised options over 244,089 ordinary shares under the company’s 2023 Long Term Incentive Plan, adjusted for the 2025 rights issue, and sold 124,460 shares to meet tax and social secur...
Business Operations and StrategyRegulatory Filings and Compliance
Chesnara Confirms Total Voting Rights and Share Capital Structure
Neutral
Jul 6, 2026
Chesnara plc has confirmed that its issued share capital currently comprises 231,067,503 ordinary shares of 5p each, with no shares held in treasury, giving a total of 231,067,503 voting rights. Each share carries one voting right, and this figure...
Business Operations and StrategyRegulatory Filings and Compliance
Chesnara extends SAYE share options to senior managers and staff
Positive
Jul 3, 2026
Chesnara has granted 21,630 share options to senior managers under its 2022 Save As You Earn scheme, part of a wider award of 340,670 options to 80 employees at an exercise price of 252.40p. The options, which can be exercised over a six‑mon...
Regulatory Filings and Compliance
Chesnara Discloses Share Purchases by General Counsel and Associate
Neutral
Jul 2, 2026
Chesnara plc has disclosed that Group General Counsel and PDMR Emma Dawe, together with her closely associated person Adam Murphy, have each acquired 725 Chesnara ordinary shares at a price of 340 pence on the London Stock Exchange. Following thes...
Regulatory Filings and Compliance
Chesnara CEO Exercises Incentive Options as Group Confirms Total Voting Rights
Neutral
Jun 1, 2026
Chesnara has disclosed that group chief executive Steve Murray has exercised Short Term Incentive Scheme options over 46,353 ordinary shares and sold 23,361 shares to cover tax and social security liabilities, bringing his total interest, includin...
Business Operations and StrategyRegulatory Filings and Compliance
Chesnara CEO boosts stake via dividend reinvestment plan
Positive
May 29, 2026
Chesnara plc has disclosed that its Group Chief Executive Officer Steve Murray has acquired 15,319 ordinary shares in the company through a dividend reinvestment plan. Following this transaction, completed on 22 May 2026 at 321p per share on the L...
Regulatory Filings and Compliance
Chesnara Executives Boost Shareholdings Through Dividend Reinvestment and Options
Positive
May 27, 2026
Chesnara has disclosed that group chief executive Steve Murray and group chief financial officer Tom Howard have both increased their holdings in the company through dividend reinvestment plans, while Murray also exercised options under the 2022 S...
Business Operations and StrategyRegulatory Filings and Compliance
Chesnara CFO boosts stake after exercising buy-out share options
Neutral
May 19, 2026
Chesnara plc has disclosed that its Group Chief Financial Officer, Tom Howard, has exercised options under the company’s 2024 Buy-out Plan, adjusted following a 2025 rights issue, resulting in the acquisition of 115,098 ordinary shares. To m...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Chesnara grants long-term share awards to top executives under new pay policy
Positive
May 14, 2026
Chesnara has granted long-term incentive awards over its ordinary shares to Group Chief Executive Steven Murray and Group Chief Financial Officer Thomas Howard, following shareholder approval of its latest remuneration policy at the annual meeting...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsShareholder Meetings
Chesnara investors back all AGM resolutions and 14.8p final dividend
Positive
May 12, 2026
Chesnara plc said all resolutions at its 2026 annual general meeting were approved by substantial majorities, including the adoption of the 2025 accounts, the remuneration report and policy, and the declaration of a final dividend of 14.8p per sha...
Regulatory Filings and Compliance
Chesnara Confirms Total Voting Rights at 230.97 Million Shares
Neutral
May 1, 2026
Chesnara plc has confirmed that its issued share capital stands at 230,974,321 ordinary shares of 5p each, with no shares held in treasury, meaning the total number of voting rights in the company is also 230,974,321. The disclosure, made in line ...
Regulatory Filings and Compliance
Chesnara Discloses Share Option Exercise by Group Company Secretary
Neutral
Apr 28, 2026
Chesnara plc has disclosed that Group Company Secretary and PDMR Al Lonie has exercised options to acquire 9,474 ordinary shares under the company’s 2022 Save As You Earn Scheme. Following this transaction, which took place on 27 April 2026 ...
Business Operations and StrategyDelistings and Listing Changes
Chesnara Increases Share Capital Following Incentive Scheme Allotments
Neutral
Apr 17, 2026
Chesnara plc has issued and admitted to trading additional ordinary shares on the London Stock Exchange in connection with its 2023 short‑term and long‑term incentive schemes and its 2022 savings-related share option plan. The new allo...
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.