Springfield Properties PLC (SPR) AI Stock Analysis

• Market Cap: £159.66M
• Dividend Yield: 1.63%
• Average Volume (3M): 130.67K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.62
• Revenue Growth: 5.26%
• EPS Growth: 86.19%
• Country: UK
• Employees: 636
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Residential Construction
• EPS (TTM): 0.10
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: 151.00p ▲(12.69% Upside)

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 & Margins

Double-digit revenue growth alongside an 18.58% gross margin improvement indicates durable demand and better cost control. Sustained top-line expansion and margin recovery support reinvestment in land and build programmes, improving long-term scalability and resilience.

Balance Sheet Strength

Low leverage and a high equity ratio provide financial flexibility for a capital-intensive housebuilding model. This balance sheet strength reduces refinancing risk, supports continued land acquisition and planning activity, and cushions the business through cyclical construction phases.

Cash Conversion

Operating cash flow well above net income and near-1 free cash flow conversion show that earnings largely convert to cash. Reliable cash conversion supports funding of site build-outs, affordable housing contracts and reduces ongoing dependence on external financing.

Negative Factors

Free Cash Flow Decline

A 30.75% drop in free cash flow is a material deterioration in liquidity for a developer. Persistently weaker FCF can constrain land purchases and completions, limit dividend or buyback capacity and force higher leverage or asset disposals, hindering multi-year growth plans.

Low Net Margin

A 5.02% net margin provides limited buffer against cost inflation, mortgage rate rises or pricing pressure. Low profitability reduces retained earnings for land and development funding, increases sensitivity to cyclical downturns and complicates sustainable return generation over time.

Geographic Concentration

Concentration in Scotland, and a strategic tilt to North Scotland, increases exposure to local market cycles, planning outcomes and regional demand trends. Limited geographic diversification can magnify area-specific shocks and slow recovery if the local housing market weakens.

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

Springfield Properties PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 134.00
• 50DMA: Positive
• 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:SPR, the sentiment is Positive. The current price of 134 is above the 20-day moving average (MA) of 128.72, above the 50-day MA of 122.47, and above the 200-day MA of 103.64, indicating a bullish trend. The MACD of 2.89 indicates Positive momentum. The RSI at 64.48 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	£159.66M	11.30	8.56%	1.63%	5.26%	86.19%
GLE	72 Outperform	£235.26M	14.87	5.23%	2.38%	5.93%	-18.20%
BWY	65 Neutral	£3.20B	20.56	4.49%	2.62%	16.91%	20.93%
VTY	63 Neutral	£2.08B	-214.54	-0.31%	―	-0.57%	-104.08%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WJG	46 Neutral	£75.46M	-8.96	-6.53%	―	-22.78%	-543.24%
CRST	42 Neutral	£353.78M	-4.82	-9.56%	1.79%	-3.50%	-176.18%

Springfield Properties PLC Corporate Events

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.

Springfield Properties Grants Performance Share Awards to Executives

Springfield Properties PLC has announced its annual grant of performance share awards to key executives, including the CEO and CFO, as part of its Performance Share Plan. These awards are contingent on meeting specific performance targets related to earnings per share and the company’s build-to-rent strategy, reflecting Springfield’s commitment to aligning executive incentives with strategic goals and shareholder interests.

The most recent analyst rating on (GB:SPR) stock is a Buy with a £120.00 price target. To see the full list of analyst forecasts on Springfield Properties PLC stock, see the GB:SPR Stock Forecast page.