Cairn Homes

CRN: 1.26 +0.01 (+1.13%) delayed: 18 Feb 2020, 17:35

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Cairn Homes Fundamentals

Share Price Information

Name Cairn Homes
Epic CRN
Sector Home Construction
ISIN IE00BWY4ZF18
Activites Cairn Homes plc is the leading Irish homebuilder committed to building high-quality, competitively-priced, sustainable new homes in great locations. At Cairn, the homeowner is at the very centre of the design process and we strive to provide an unparalleled customer service throughout each stage of the home-buying journey. A new Cairn home is thoughtfully designed and built to last with a focus on creating shared spaces and environments where communities prosper. Cairn owns a c. 17,400 unit land bank across 35 residential development sites, over 90% of which are located in the Greater Dublin Area (GDA) with excellent public transport and infrastructure links. Cairn is today building on 15 sites in the GDA, which will deliver over 5,250 new homes.
Index n/a

Key numbers

Latest Share price (p) 1.26 Net gearing (%) 18.60
Market capitalisation (£m) 942.60 Gross gearing (%) 24.78
Shares in issue (m) 760.19 Debt ratio 16.84
P/E ratio 0.31 Debt-to-equity ratio 0.62
Total dividends per share (p) 0.00 Assets / equity ratio 1.33
Dividend yield (%) 201.61 Price to book value 1.25
Dividend cover 1.60 ROCE (%) 4.13
Earning per share (p) 4.00 EPS growth (%) 566.67
52-week high / low (p) 1.47 / 0.95 DPS growth (%) n/a

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2018 Full Year 337 31 4.00 EUR
31 Dec 2017 Full Year 149 5 0.60 EUR
31 Dec 2016 Full Year 41 -2 -0.30 EUR

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 19 Sep 2019 18 Oct 2019 2.50 EUX 0.00

Contact details

Company name Cairn Homes
Address 15 Upper Mount Street, Dublin 2, Ireland.
Telephone +353 (1) 6030886
Website http://www.cairnhomes.com/

Advisors

Company's broker Goodbody Stockbrokers
Company's joint broker Credit Suisse
NOMAD n/a
Registrar Computershare Investor Service
Auditors KPMG Audit
Solicitors Pinsent Masons LLP

Directors

Appointed Director Position
09 Jun 2015 Michael Stanley Chief Executive Officer
22 Aug 2017 Timothy William Kenny Chief Financial Officer
09 Jun 2015 John Reynolds Non-Executive Chairman
09 Jun 2015 Gary Britton Non-Executive Director
09 Jun 2015 Andrew Giles Pedder Davies Non-Executive Director
12 Apr 2019 Linda Hickey Non-Executive Director
01 Mar 2019 Jayne Eleanor McGivern Non-Executive Director
09 Jun 2015 Alan McIntosh Non-Executive Director
30 Nov -0001 David O`Beirne Non-Executive Director
09 Jun 2015 Andrew Slyvian Bernhardt Non-Executive Director

Company financials

Assets (£m) 2018 2017 2016
Reporting date 31 Dec 2018 31 Dec 2017 31 Dec 2016
Tangible assets 1 1 1
Intangible asssets and goodwill 1 1 0
Investments and other non-current assets 0 17 27
Total non-current assets 2 19 28
Inventory / work in progress 933 912 727
Trade and other receivables 8 6 17
Cash and equivalents 62 69 46
Other current assets and asset held for resale 0 0 16
Total of all assets 1,006 1,005 834
Liabilities (£m) 2018 2017 2016
Short term liabilities 96 51 16
Long term liabilities 153 232 154
Other liabilites / pension etc 0 0 0
Total of all liabilities 249 283 170
Net assets (£m) 2018 2017 2016
Net assets 757 722 664
Equity (£m) 2018 2017 2016
Share capital 1 1 1
Minority interests 4 2 0
Retained earnings -6 -45 -59
Share premium account 750 750 698
Other equity 8 14 25
Total equity 757 722 664
Cash Flow (£m) 2018 2017 2016
Cash from operating activities 40 -129 -121
Cashflow before financing 57 -120 -208
Increase / decrease in Cash -7 23 39
Income (£m) 2018 2017 2016
Turnover 337 149 41
Cost of sales 268 122 34
Gross profit 69 27 7
Operating profit 53 14 2
Pre-tax profit 38 6 -3
Profit / loss for the year 31 5 -2