Springfield Properties PLC (SPR) AI Stock Analysis

• Market Cap: £123.91M
• Dividend Yield: 1.63%
• Average Volume (3M): 130.67K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.80
• 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: 119,147,820
• 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: 118.00 p ▼(-11.94% Downside)
• 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 & improving margins

Sustained ~12% top-line growth coupled with rising gross and EBITDA margins indicates structural improvement in pricing and cost control. That trend supports durable cash generation and operational scalability, improving the firm's ability to fund developments and absorb input cost shocks.

Healthy balance sheet, low leverage

A low debt-to-equity ratio and high equity financing provide financial flexibility to acquire land and finance build-out without heavy reliance on external debt. This capital structure reduces refinancing and interest-rate risk, supporting stability across housing cycles.

Secured land pipeline & governance upgrade

A clear regional strategy with fresh land acquisitions strengthens the forward completions pipeline and revenue visibility. Reduced bank debt and a senior NED appointment enhance governance and strategic execution, supporting longer-term delivery of projects and returns.

Negative Factors

Decline in free cash flow

A >30% drop in free cash flow is a durable concern: weaker FCF limits internal funding for land buys, site starts and dividend capacity. Even with operating cash backing net income, sustained FCF weakness can force external financing or slower growth execution over the coming months.

Low net profit margin

A sub-6% net margin constrains retained earnings and reduces resilience to cost inflation or pricing pressure. Despite improved gross margins, weak conversion to net profit limits the firm's ability to reinvest, build buffers, and deliver strong shareholder returns over time.

Geographic concentration risk

Concentrating development activity in North Scotland increases exposure to local housing demand cycles, planning outcomes and regional affordability trends. This concentration can magnify downside if the Scottish market softens, limiting diversification benefits across projects and revenue streams.

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 PLC makes money primarily by developing and selling completed residential homes. Its core revenue stream comes from private home sales, where it acquires land, secures planning consent, builds homes, and sells them to individual buyers (often supported by mortgage financing). A second key revenue stream is affordable housing, where Springfield develops homes and sells them in bulk to housing associations, local authorities, or other registered social landlords under affordable housing arrangements. Revenue is generally recognized upon legal completion/hand-over of homes (private sales) and upon completion/contract milestones for affordable housing depending on contract terms. Additional earnings can be influenced by the company’s land pipeline and planning success (which enable future developments), the pace of site build-out and completions, selling prices versus build costs, and demand conditions in Scottish housing markets. Specific details on material partnerships (e.g., named housing association partners or joint ventures) are null.

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: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

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 116.40, above the 50-day MA of 125.20, and above the 200-day MA of 110.83, indicating a bearish trend. The MACD of -5.76 indicates Positive momentum. The RSI at 24.44 is Positive, neither overbought nor oversold. The STOCH value of 22.29 is Neutral, 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	£123.91M	12.62	8.30%	1.63%	5.26%	86.19%
BWY	65 Neutral	£2.45B	18.76	4.45%	2.62%	16.91%	20.93%
TW	63 Neutral	£3.10B	37.90	2.40%	8.95%	4.21%	-65.57%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
VTY	54 Neutral	£1.10B	15.19	-0.31%	―	-0.57%	-104.08%
GLE	51 Neutral	£156.34M	47.38	5.23%	2.38%	5.93%	-18.20%
CRST	43 Neutral	£264.61M	192.98	0.30%	1.79%	-3.50%	-176.18%

Springfield Properties PLC Corporate Events

Springfield Chairman Transfers Shares but Retains 21% Stake

Springfield Properties plc reported an internal share transfer involving its chairman, Sandy Adam, who moved 400,000 ordinary shares to the partner of one of his sons at no cost. Following this off-market transaction, Adam retains an interest in 25,040,120 shares, representing 21.0% of the company’s issued share capital, leaving his position as a major shareholder and the group’s ownership structure largely intact.

The transfer reflects a redistribution of holdings within the Adam family rather than a change in external investor ownership, and does not signal any alteration to Springfield’s strategic direction or day-to-day operations. With the chairman still controlling a substantial stake, governance influence remains concentrated, which may reassure stakeholders looking for continuity while underscoring the ongoing importance of family interests in the company’s shareholder base.

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 Updates Total Voting Rights After Employee Option Exercise

Springfield Properties has issued 373 new ordinary shares following the exercise of employee share options, with the new stock admitted to trading on AIM under the group’s existing block listing. As a result, the company’s total issued share capital now stands at 119,147,819 ordinary shares with full voting rights and no shares held in treasury, a figure shareholders should use when assessing disclosure thresholds under FCA transparency rules.

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 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.