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CLS Holdings
(LSE:CLI)
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Rating:45Neutral
Price Target:
46.00 p
▼(-1.92% Downside)
Action:Reiterated
Date:08/26/26
The score is held down primarily by weak financial performance (multi-year losses and elevated leverage) and bearish technicals (price below key moving averages with negative MACD). Valuation is mixed—high dividend yield is supportive, but a negative P/E reflects ongoing losses—while corporate events add caution due to valuation declines, dividend restraint, and reduced earnings expectations despite some balance-sheet actions (disposals/refinancing).
Positive Factors
Resilient Cash Generation
Positive operating cash flow and mostly positive free cash flow provide internal liquidity for debt service and property operations, reducing reliance on external funding despite accounting losses. However, recent cash generation has been volatile.
Negative Factors
Persistent Net Losses
Four consecutive years of net losses reduce earnings visibility and weaken the company’s ability to self-fund growth, maintain distributions, or strengthen its balance sheet. The persistence suggests profitability pressure is structural rather than a single-period issue.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Cash Generation
Positive operating cash flow and mostly positive free cash flow provide internal liquidity for debt service and property operations, reducing reliance on external funding despite accounting losses. However, recent cash generation has been volatile.
Read all positive factors
CLS Holdings (CLI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£189.17M
Dividend Yield8.62%
Average Volume (3M)440.15K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth-9.52%
EPS Growth-67.44%
CountryUK
Employees113
SectorReal Estate
Sector Strength53
IndustryREIT - Office
Share Statistics
EPS (TTM)-0.24
Shares Outstanding401,469,180
10 Day Avg. Volume136,522
30 Day Avg. Volume440,147
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.32
Price to Sales (P/S)1.72
P/FCF Ratio16.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£48.00Price Target Upside2.35% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.05
Revenue Forecast (FY)£96.37M
CLS Holdings Business Overview & Revenue Model
Company Description
CLS Holdings plc, operating alongside its various subsidiaries, specializes in the acquisition, development, and ongoing management of commercial real estate throughout the United Kingdom, Germany, and France. The company organizes its activities ...
CLS Holdings Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
46
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 132.10M | 139.70M | 151.90M | 148.70M | 139.70M | 139.80M |
| Gross Profit | 93.50M | 100.50M | 95.90M | 113.00M | 107.80M | 108.00M |
| EBITDA | -72.60M | -23.30M | -55.80M | 80.00M | 76.50M | 79.60M |
| Net Income | -95.50M | -50.30M | -93.60M | -249.80M | -81.90M | 119.50M |
Balance Sheet | ||||||
| Total Assets | 1.62B | 1.77B | 1.93B | 2.16B | 2.50B | 2.54B |
| Cash, Cash Equivalents and Short-Term Investments | 35.30M | 49.40M | 9.00M | 70.60M | 113.90M | 167.40M |
| Total Debt | 847.00M | 905.30M | 1.00B | 1.07B | 1.11B | 1.03B |
| Total Liabilities | 956.90M | 1.03B | 1.15B | 1.23B | 1.28B | 1.21B |
| Stockholders Equity | 659.40M | 742.10M | 784.20M | 929.20M | 1.22B | 1.33B |
Cash Flow | ||||||
| Free Cash Flow | 8.30M | 14.50M | 6.80M | 44.80M | -15.40M | 6.90M |
| Operating Cash Flow | 8.60M | 14.60M | 29.50M | 45.90M | 43.00M | 44.20M |
| Investing Cash Flow | 56.80M | 114.20M | 41.10M | -32.30M | -81.30M | -165.50M |
| Financing Cash Flow | -95.80M | -142.90M | -79.80M | -56.20M | -14.60M | 57.30M |
CLS Holdings Technical Analysis
Negative
46.90
Price Trends
48.71
Negative
48.48
Negative
51.26
Negative
Market Momentum
-0.46
Negative
41.87
Neutral
29.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CLI, the sentiment is Negative. The current price of 46.9 is above the 20-day moving average (MA) of 46.80, below the 50-day MA of 48.71, and below the 200-day MA of 51.26, indicating a bearish trend. The MACD of -0.46 indicates Negative momentum. The RSI at 41.87 is Neutral, neither overbought nor oversold. The STOCH value of 29.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CLI.
CLS Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | £2.67B | 6.58 | 9.48% | 3.11% | 9.10% | 20.49% | |
69 Neutral | £1.97B | 43.02 | 1.35% | 4.54% | 45.36% | -79.84% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | £1.22B | 7.63 | 7.41% | 2.76% | 24.37% | 29.61% | |
58 Neutral | £674.16M | -5.67 | -8.83% | 7.30% | -2.05% | -2319.50% | |
57 Neutral | £222.83M | 39.92 | 1.34% | 6.58% | 4.03% | -79.67% | |
45 Neutral | £189.17M | -1.97 | -13.63% | 8.62% | -9.52% | -67.44% |
* Real Estate Sector Average
GB:CLI
CLS Holdings
46.40
-5.53
-10.65%
GB:SHC
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GB:HLCL
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GB:WKP
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CLS Holdings Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
CLS Holdings posts deeper loss as office valuations slide and disposals reshape portfolio
Negative
Aug 12, 2026
CLS Holdings reported weaker half-year results as valuation and earnings pressures hit its diversified office portfolio in the U.K., Germany and France, pushing EPRA earnings per share down 32.5% to 2.7 pence and resulting in a statutory loss afte...
Business Operations and StrategyRegulatory Filings and Compliance
CLS Holdings Executives Increase Share Incentive Plan Holdings
Positive
Aug 10, 2026
CLS Holdings plc reported that chief executive Fredrik Widlund and chief financial officer Patrick Symons acquired additional ordinary shares under the company’s Share Incentive Plan on 7 August 2026. Each executive purchased partnership sha...
Business Operations and StrategyFinancial Disclosures
CLS Holdings Cuts 2026 Earnings Guidance as Leasing Slows but Debt-Reduction Plan Advances
Negative
Aug 4, 2026
CLS Holdings plc reported slower-than-expected leasing activity in the first half of 2026, with vacancy levels expected to remain around 14.5% and its largest tenant at Spring Gardens set to exit when their lease expires in late September. As a re...
Executive/Board ChangesRegulatory Filings and Compliance
CLS Holdings Executives Boost Stakes Through Share Incentive Plan
Positive
Jul 13, 2026
CLS Holdings plc disclosed that its chief executive, Fredrik Widlund, and chief financial officer, Patrick Symons, have increased their personal stakes through the company’s Share Incentive Plan. The pair acquired partnership shares in the g...
Business Operations and StrategyExecutive/Board Changes
CLS Holdings Names New CFO as Part of Planned Leadership Transition
Neutral
Jul 1, 2026
CLS Holdings has announced that Chief Financial Officer and board director Harry Stokes will step down, remaining in his role until 2 July 2026 and supporting an orderly handover before leaving the company later that month. The board has appointed...
Regulatory Filings and Compliance
CLS Holdings CEO Reports Internal Transfer of Shareholding
Neutral
Jun 24, 2026
CLS Holdings has disclosed an internal share transfer by its chief executive officer, in line with regulatory requirements for dealings by senior management. The transaction underlines the company’s adherence to U.K. market abuse rules that ...
Regulatory Filings and Compliance
CLS CEO Increases Holding Through Share Incentive Plan
Neutral
Jun 11, 2026
CLS Holdings plc reported a routine executive share transaction under its Share Incentive Plan involving Chief Executive Officer Fredrik Widlund. The CEO acquired 322 partnership shares at 46.7 pence each on 9 June 2026 and received an equal numbe...
Executive/Board ChangesDividendsRegulatory Filings and Compliance
CLS Holdings discloses scrip share award to non-executive director
Neutral
Jun 2, 2026
CLS Holdings plc has disclosed a board-level share transaction involving independent non-executive director Eva Lindqvist, who received 1,009 ordinary shares through the company’s Enhanced Scrip Dividend Alternative linked to the 2025 final ...
DividendsRegulatory Filings and Compliance
CLS Holdings Updates Share Capital and Voting Rights After Scrip Dividend
Neutral
May 29, 2026
CLS Holdings has updated its capital structure following the issuance of 3,358,424 new ordinary shares under its Enhanced Scrip Dividend Alternative for the 2025 final dividend. This brings the total shares in issue to 442,136,204, of which 40,667...
DividendsRegulatory Filings and Compliance
CLS Holdings CEO Increases Stake Through Scrip Dividend Share Acquisition
Positive
May 28, 2026
CLS Holdings plc disclosed a management share dealing, reporting that chief executive officer and board director Fredrik Widlund acquired 20,109 ordinary shares under the company’s Enhanced Scrip Dividend Alternative for the 2025 final divid...
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.