Chesnara PLC (GB:CSN)
LSE:CSN
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Chesnara
(LSE:CSN)
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Rating:53Neutral
Price Target:
294.00 p
▲(1.03% Upside)
Action:DowngradedDate: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
Material de-leveraging in 2025 leaves Chesnara with very low reported debt versus sizeable equity, providing durable capital flexibility. That stronger capitalization supports regulatory buffers, dividend capacity and opportunistic M&A, and reduces insolvency risk amid cyclical asset returns.
Negative Factors
Unstable cash generation
Repeated negative operating/free cash flow across several years, and a sharp outflow in 2025, undermines confidence in sustainable cash conversion. Persistent cash volatility complicates funding for dividends, acquisitions and capital needs, increasing reliance on capital buffers or external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Material de-leveraging in 2025 leaves Chesnara with very low reported debt versus sizeable equity, providing durable capital flexibility. That stronger capitalization supports regulatory buffers, dividend capacity and opportunistic M&A, and reduces insolvency risk amid cyclical asset returns.
Read all positive factors
Chesnara (CSN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£672.06M
Dividend Yield8.03%
Average Volume (3M)513.47K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth-48.03%
EPS Growth-289.17%
CountryUK
Employees386
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)<0.01
Shares Outstanding230,948,030
10 Day Avg. Volume619,890
30 Day Avg. Volume513,471
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.10
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
£322.50Price Target Upside10.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.34
Revenue Forecast (FY)N/A
Chesnara Business Overview & Revenue Model
Company Description
Chesnara plc, together with its subsidiaries, engages in the life assurance and pension businesses primarily in the United Kingdom, the Netherlands, and Sweden. It operates through CA, Movestic, Waard Group, and Scildon segments. The company under...
How the Company Makes Money
Chesnara makes money primarily by managing life insurance and pension policy portfolios and earning the spread between the returns it generates on invested policyholder and shareholder assets and the amounts it pays out in claims, benefits, and po...
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 | 563.30M | 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
Positive
291.00
Price Trends
293.22
Negative
283.93
Positive
269.30
Positive
Market Momentum
-2.93
Negative
53.53
Neutral
23.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CSN, the sentiment is Positive. The current price of 291 is above the 20-day moving average (MA) of 285.15, below the 50-day MA of 293.22, and above the 200-day MA of 269.30, indicating a neutral trend. The MACD of -2.93 indicates Negative momentum. The RSI at 53.53 is Neutral, neither overbought nor oversold. The STOCH value of 23.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | £27.10B | 9.78 | 26.87% | 1.56% | 37.94% | 291.37% | |
65 Neutral | £693.08M | -18.58 | -106.78% | ― | -35.05% | 74.73% | |
58 Neutral | £64.79M | 6.25 | 25.08% | 9.33% | -52.34% | -65.35% | |
53 Neutral | £672.06M | -59.40 | -2.93% | 8.03% | -48.03% | -289.17% | |
51 Neutral | £333.14M | -134.79 | -8.36% | ― | 29.58% | 17.32% |
* Financial Sector Average
GB:CSN
Chesnara
291.00
88.58
43.76%
GB:PRU
Prudential
1,079.50
346.72
47.32%
GB:SAGA
Saga plc
486.50
368.90
313.69%
GB:HSD
Hansard Global
47.40
4.05
9.33%
GB:PBEE
PensionBee Group PLC
140.00
3.00
2.19%
Chesnara Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Chesnara boosts profits and dividend as major acquisitions transform scale
Positive
Mar 24, 2026
Chesnara reported strong 2025 full-year results, highlighting a 19% rise in Operating Capital Generation to £94m, a 30% increase in cash remittances to £58m, and a 42% jump in adjusted operating profit to £56m. The group’s sol...
Regulatory Filings and Compliance
Chesnara Confirms Total Voting Rights at 230.9 Million Shares
Neutral
Mar 3, 2026
Chesnara plc has reported that its issued share capital currently consists of 230,934,260 ordinary shares of 5p each, with no shares held in treasury, meaning each share carries one voting right. The disclosure, made under UK Market Abuse Regulati...
Business Operations and StrategyFinancial Disclosures
Chesnara Simplifies Financial Framework and Sets March Date for Full-Year Results
Neutral
Feb 27, 2026
Chesnara has unveiled an updated financial framework that simplifies how it reports performance, centring on the pillars of cash, capital and value, and introducing new alternative performance measures: Operating Capital Generation and Adjusted Op...
Business Operations and StrategyM&A Transactions
Chesnara to Buy Scottish Widows Europe in €110m Deal to Expand in Luxembourg
Positive
Feb 17, 2026
Chesnara has agreed to acquire Luxembourg-based Scottish Widows Europe SA, a closed life insurance business, from Scottish Widows for €110 million in cash, adding about €1.7 billion of assets under administration and some 46,000 polici...
Business Operations and StrategyDividendsM&A Transactions
Chesnara Completes Largest Acquisition with HSBC Life UK Deal
Positive
Feb 2, 2026
Chesnara plc has completed its acquisition of HSBC Life (UK) Limited, marking the company’s fifteenth and largest deal to date and significantly increasing its scale in the UK life insurance and pensions market. Management says the transacti...
Regulatory Filings and Compliance
Chesnara Confirms Total Voting Rights at 230.9 Million Shares
Neutral
Jan 30, 2026
Chesnara has confirmed that its issued share capital stands at 230,930,471 ordinary shares of 5p each, with no shares held in treasury, meaning the total number of voting rights in the company is 230,930,471. The disclosure, made in line with the ...
Regulatory Filings and Compliance
Chesnara Confirms Total Voting Rights at 230.9 Million Shares
Neutral
Dec 31, 2025
Chesnara plc has confirmed that its issued share capital comprises 230,899,448 ordinary shares of 5 pence each, with no shares held in treasury, giving a total of 230,899,448 voting rights. The disclosure, made in line with UK transparency rules, ...
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.