Springfield Properties PLC (SPR) AI Stock Analysis

• Market Cap: £152.51M
• Dividend Yield: 1.63%
• Average Volume (3M): 130.67K
• Price to Earnings (P/E): 10.7
• Beta (1Y): 0.61
• Revenue Growth: 5.26%
• EPS Growth: 86.19%
• Country: UK
• Employees: 636
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): 0.03
• Shares Outstanding: 119,147,446
• 10 Day Avg. Volume: 81,891
• 30 Day Avg. Volume: 130,672
• PEG Ratio: 0.09
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 4.69
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.08
• Revenue Forecast (FY): £244.33M

• Rating: 76 Outperform
• Price Target: 147.00p ▲(9.70% Upside)
• Action: Reiterated Date: 12/07/25
• Date: Action: Reiterated 12/07/25

Springfield Properties PLC scores well due to strong financial performance, positive technical indicators, and attractive valuation. The strategic focus on North Scotland and recent corporate developments further bolster its prospects. However, the decline in free cash flow growth is a concern that needs addressing to sustain long-term growth.

Positive Factors

Revenue Growth

Consistent top-line growth (c.12% y/y) indicates sustained demand for Springfield's new-build homes and effective site delivery. Over a 2-6 month horizon this supports predictable completions, preserves forward revenue visibility via the land/pipeline mix, and underpins scale advantages in procurement and financing.

Improving Margins

Rising gross and operating margins reflect better cost control and construction efficiency. These margin gains are structural when driven by process improvements and purchasing scale, helping the business absorb input cost volatility and sustain profitability across the housing cycle beyond short-term market swings.

Low Leverage / Strong Equity Base

A low debt-to-equity ratio and strong equity financing provide durable financial flexibility for land acquisition and phased build-outs. This balance sheet strength reduces refinancing risk, supports counter-cyclical investment in strategic sites, and preserves capacity to fund affordable housing contracts without forcing distress asset sales.

Negative Factors

Declining Free Cash Flow

A c.31% fall in free cash flow is a structural concern: recurring negative FCF trends can constrain land purchases, slow site starts, and increase reliance on external financing. Over months this limits the firm's ability to self-fund growth, pay dividends consistently, or absorb build-cost shocks without raising capital.

Low Net Profit Margin

A single-digit net margin limits retained earnings and resilience to cyclical downturns in housebuilding. Even with improving gross margins, persistent low net profitability reduces internal capital generation, constrains reinvestment into the land pipeline, and weakens the buffer against rising financing or construction costs.

Geographic Concentration Risk

A strategic concentration in North Scotland narrows market exposure and ties performance to regional demand, planning outcomes, and local policy. Over a 2-6 month horizon this raises the risk that local market weakness or regulatory changes could materially affect completions, pricing power, and land value appreciation.

Springfield Properties PLC Business Overview & Revenue Model

Company Description

Springfield Properties Plc, together with its subsidiary, engages in the house building business in the United Kingdom. The company operates in Private Housing and Affordable markets. It is also involved in hiring plants and machineries, property development, buys and sells real estate and residential property, and management services. The company was founded in 1956 and is based in Elgin, the United Kingdom.

How the Company Makes Money

Springfield Properties generates revenue primarily through the sale of residential properties, which include both private and affordable housing. The company earns income by developing properties that are either sold directly to customers or marketed to housing associations and local authorities for social housing projects. Key revenue streams include the sale of completed homes, land development, and the management of construction projects. Additionally, Springfield engages in strategic partnerships with local government entities to secure contracts for public housing initiatives, enhancing its revenue potential. The company may also benefit from market trends favoring new home construction, government incentives for first-time buyers, and a growing demand for housing in the regions it serves.

Springfield Properties PLC Financial Statement Overview

Summary

Springfield Properties PLC demonstrates strong revenue growth and improved operational efficiency, as evidenced by rising margins. The balance sheet is robust with low leverage and a solid equity base. However, the decline in free cash flow growth poses a potential risk to liquidity. Overall, the company is on a positive trajectory but should focus on enhancing profitability and cash flow generation.

Income Statement

Springfield Properties PLC has shown a strong revenue growth rate of 12% in the most recent year, indicating a positive trajectory in sales. The gross profit margin improved to 18.58%, reflecting better cost management. However, the net profit margin remains relatively low at 5.02%, suggesting room for improvement in profitability. The EBIT and EBITDA margins have also improved, indicating operational efficiency gains.

Balance Sheet

The company has a healthy debt-to-equity ratio of 0.22, showing a strong equity position relative to debt. Return on equity is moderate at 8.23%, indicating decent profitability from shareholders' investments. The equity ratio of 57.16% suggests a stable financial structure with a significant portion of assets financed by equity.

Cash Flow

The free cash flow has decreased by 30.75%, which is a concern for liquidity. However, the operating cash flow to net income ratio of 1.78 indicates that the company generates sufficient cash from operations to cover its net income. The free cash flow to net income ratio is nearly 1, showing that most of the net income is converted into free cash flow.

Breakdown	TTM	May 2024	May 2023	May 2022	May 2021	May 2020
Income Statement
Total Revenue	282.91M	280.56M	266.53M	332.13M	257.10M	216.69M
Gross Profit	50.44M	52.12M	43.37M	47.95M	43.13M	38.80M
EBITDA	26.14M	26.95M	19.76M	22.61M	23.50M	21.73M
Net Income	14.24M	14.10M	7.55M	12.07M	16.07M	13.71M
Balance Sheet
Total Assets	317.44M	299.64M	305.25M	329.68M	287.70M	208.42M
Cash, Cash Equivalents and Short-Term Investments	10.69M	9.39M	14.94M	8.91M	16.39M	15.83M
Total Debt	59.23M	37.34M	60.38M	76.57M	54.44M	36.61M
Total Liabilities	145.51M	128.38M	147.05M	179.05M	144.17M	97.19M
Stockholders Equity	171.93M	171.25M	158.21M	150.63M	143.53M	111.23M
Cash Flow
Free Cash Flow	27.39M	24.95M	42.51M	4.73M	15.10M	51.29M
Operating Cash Flow	27.68M	25.11M	42.69M	5.24M	15.56M	51.49M
Investing Cash Flow	-153.00K	88.00K	89.00K	-21.41M	-44.10M	316.00K
Financing Cash Flow	-26.60M	-31.09M	-30.21M	8.69M	29.10M	-37.51M

Springfield Properties PLC Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 134.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SPR, the sentiment is Negative. The current price of 134 is above the 20-day moving average (MA) of 129.97, above the 50-day MA of 130.06, and above the 200-day MA of 109.55, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 44.43 is Neutral, neither overbought nor oversold. The STOCH value of 80.56 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SPR.

Springfield Properties PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPR	76 Outperform	£152.51M	10.68	8.56%	1.63%	5.26%	86.19%
GLE	72 Outperform	£205.48M	14.35	5.23%	2.38%	5.93%	-18.20%
BWY	65 Neutral	£3.25B	20.99	4.49%	2.62%	16.91%	20.93%
TW	65 Neutral	£4.00B	47.10	1.97%	8.95%	4.21%	-65.57%
VTY	63 Neutral	£2.22B	-229.28	-0.31%	―	-0.57%	-104.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CRST	47 Neutral	£390.19M	176.98	-9.56%	1.79%	-3.50%	-176.18%

Springfield Properties PLC Corporate Events

Springfield Properties Reports Minimal Share Allotments in Latest Option Scheme Update

Springfield Properties PLC has reported its latest six‑monthly block listing returns for four employee and executive share schemes, confirming only modest share allotments over the period to 1 February 2026. Across the SAYE Option Plan, Company Share Option Plan, Employee Share Option Plan and Performance Share Plan, the group maintains a substantial pool of unallotted shares while keeping the total number of shares in issue steady at 119,147,446, signalling controlled dilution and ongoing use of equity‑based incentives.

No new block listing increases were made for any of the schemes, with the SAYE plan seeing no allotments, and only limited options exercised under the other three plans. The unchanged overall share count and remaining unissued options indicate Springfield is continuing to incentivise employees and management through existing equity schemes without materially altering its capital structure, a detail likely to reassure shareholders focused on dilution and governance.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £147.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.

Springfield Properties cuts debt and deepens push into North of Scotland housing

Springfield Properties reported interim revenue of £108m for the six months to 30 November 2025, with growth in affordable housing and land sales offsetting weaker private and contract housing activity. Profit before tax edged higher and net bank debt fell sharply, supporting the board’s confidence in meeting full-year expectations and maintaining its dividend policy.

Operationally, the group advanced its strategic pivot to the North of Scotland, signing an initial agreement with SSEN Transmission to deliver nearly 300 homes for energy infrastructure workers and expanding a land bank with a £1.9bn gross development value. Strong momentum in affordable housing, a robust order book, and substantial options over strategic plots underpin Springfield’s positioning to benefit from energy security and renewable-driven housing demand in the region.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £147.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.

Springfield Properties Sets Date for Interim Results and Investor Presentations

Springfield Properties plc has announced that it will publish its interim results for the six months ended 30 November 2025 on 17 February 2026, underscoring its ongoing role as a major provider of private and affordable homes in Scotland. The company’s management will host separate analyst and investor presentations following the release, aiming to engage closely with the financial community and shareholders, while third-party analyst research and forecasts remain freely available, enhancing transparency and insight for stakeholders ahead of the results.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.

Springfield CEO Trims Stake in Routine Share Sale

Springfield Properties plc has disclosed that its Chief Executive Officer, Innes Smith, has sold 100,000 ordinary shares in the company at 132.5 pence per share as part of routine financial planning. Following this transaction, Smith, including the holdings of his wife and children, retains an interest in 896,644 ordinary shares, representing approximately 0.8% of Springfield’s issued share capital, indicating that he continues to hold a meaningful personal stake in the Scottish housebuilder.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £134.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.

Springfield Properties Updates Total Voting Rights After Employee Option Exercise

Springfield Properties plc has issued 45,476 new ordinary shares of 0.125 pence each following the exercise of employee share options, and these shares have been admitted to trading on AIM under the company’s existing block listing. As a result, the Group’s issued share capital now comprises 119,147,446 ordinary shares with full voting rights and no shares held in treasury, a new denominator that shareholders must use when calculating and disclosing their interests under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £134.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.

Springfield Properties Partners with SSEN Transmission for Housing Development

Springfield Properties PLC has entered into an initial agreement with SSEN Transmission to deliver approximately 300 homes in the North of Scotland, as part of an initiative to support energy infrastructure upgrades. This agreement marks a significant step in Springfield’s strategy to leverage infrastructure projects for housing development, offering potential long-term benefits for local communities and the company’s growth. The company also reported that its trading performance for the first half of 2026 met management expectations, with a notable reduction in net bank debt and strong performance in affordable housing. Springfield anticipates improved consumer confidence and housing market conditions in the second half of the year, aiming for continued revenue growth.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £134.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.

Springfield Properties Expands Share Capital with New Issuance

Springfield Properties PLC has issued 59,565 new ordinary shares following the exercise of options by employees, which have been admitted to trading on AIM. This increases the company’s issued share capital to 119,101,970 ordinary shares, all with voting rights, providing shareholders with a new denominator for calculating their interests under FCA rules.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £134.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.