Want to see GB:CRST full AI Analyst Report?
Top Page
Crest Nicholson Holdings
(LSE:CRST)
Select Model
Select Model
Rating:46Neutral
Price Target:
57.00 p
▼(-12.58% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak cash flow (negative operating/free cash flow for three consecutive years) and a bearish technical trend (price below key moving averages with negative MACD). A modest rebound in profitability and a historically serviceable balance sheet provide some support, while the high dividend yield helps valuation but is tempered by a negative P/E.
Positive Factors
Revenue recovery
The 2025 revenue rebound indicates that demand and site completions recovered from the recent downturn. If sustained, improving throughput can support better fixed-cost absorption, strengthen operating leverage, and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
Persistent negative cash generation
Three consecutive years of negative operating and free cash flow indicate that reported earnings are not converting into usable liquidity. Continued cash absorption by working capital and build activity could increase funding needs and constrain investment, dividends, or debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery
The 2025 revenue rebound indicates that demand and site completions recovered from the recent downturn. If sustained, improving throughput can support better fixed-cost absorption, strengthen operating leverage, and provide a foundation for rebuilding earnings over the next several quarters.
Read all positive factors
Crest Nicholson Holdings (CRST) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£148.41M
Dividend Yield5.29%
Average Volume (3M)2.60M
Price to Earnings (P/E)―
Beta (1Y)2.53
Revenue Growth-8.41%
EPS Growth58.66%
CountryUK
Employees685
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)-0.12
Shares Outstanding257,061,400
10 Day Avg. Volume2,729,283
30 Day Avg. Volume2,602,416
Financial Highlights & Ratios
PEG Ratio-1.88
Price to Book (P/B)0.59
Price to Sales (P/S)0.70
P/FCF Ratio-38.60
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£83.40Price Target Upside27.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)-0.05
Revenue Forecast (FY)£488.93M
Crest Nicholson Holdings Business Overview & Revenue Model
Company Description
Operating within the United Kingdom, Crest Nicholson Holdings plc specializes in the development and sale of residential properties. Their offerings span apartments, houses, and commercial units, catering to a varied clientele comprising first-tim...
How the Company Makes Money
Crest Nicholson makes money primarily by developing residential sites and generating revenue from the sale of completed new-build homes. Its core revenue model is: (1) acquire or control land (or enter agreements to purchase subject to planning), ...
Crest Nicholson Holdings Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
30
Negative
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 558.90M | 610.80M | 618.20M | 657.50M | 913.60M | 786.60M |
| Gross Profit | 63.80M | 85.30M | -71.60M | 100.60M | 91.80M | 143.40M |
| EBITDA | -3.80M | 23.00M | -122.80M | 39.50M | 145.80M | 120.60M |
| Net Income | -30.40M | 2.20M | -103.50M | 17.90M | 26.40M | 70.90M |
Balance Sheet | ||||||
| Total Assets | 1.38B | 1.42B | 1.44B | 1.53B | 1.58B | 1.61B |
| Cash, Cash Equivalents and Short-Term Investments | 95.60M | 126.20M | 74.80M | 163.70M | 374.90M | 351.80M |
| Total Debt | 245.00M | 173.40M | 94.30M | 104.10M | 101.00M | 102.50M |
| Total Liabilities | 694.40M | 702.70M | 713.30M | 674.00M | 696.10M | 706.80M |
| Stockholders Equity | 688.80M | 718.10M | 728.90M | 856.30M | 883.10M | 901.60M |
Cash Flow | ||||||
| Free Cash Flow | -40.60M | -11.00M | -69.20M | -167.20M | 54.10M | 126.40M |
| Operating Cash Flow | -40.40M | -11.00M | -67.80M | -165.40M | 54.20M | 126.60M |
| Investing Cash Flow | -20.70M | -7.40M | 25.00M | 1.60M | 11.90M | -700.00K |
| Financing Cash Flow | 73.90M | 69.60M | -46.00M | -47.00M | -43.20M | -14.60M |
Crest Nicholson Holdings Technical Analysis
Negative
65.20
Price Trends
65.93
Negative
69.04
Negative
100.68
Negative
Market Momentum
-2.10
Positive
33.37
Neutral
27.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CRST, the sentiment is Negative. The current price of 65.2 is below the 20-day moving average (MA) of 65.46, below the 50-day MA of 65.93, and below the 200-day MA of 100.68, indicating a bearish trend. The MACD of -2.10 indicates Positive momentum. The RSI at 33.37 is Neutral, neither overbought nor oversold. The STOCH value of 27.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CRST.
Crest Nicholson Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £2.31B | 15.59 | 4.43% | 3.50% | 13.29% | 7.12% | |
67 Neutral | £3.63B | 11.87 | 8.45% | 5.32% | 17.38% | 18.92% | |
66 Neutral | £872.45M | 6.43 | 4.20% | 7.03% | -4.38% | 100.09% | |
65 Neutral | £2.84B | 11.63 | 5.99% | 9.33% | 9.47% | 193.33% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
46 Neutral | £148.41M | -4.99 | -4.32% | 5.29% | -8.41% | 58.66% | |
45 Neutral | £4.16B | 19.28 | 2.73% | 5.73% | 28.95% | 43.50% |
* Consumer Cyclical Sector Average
GB:CRST
Crest Nicholson Holdings
58.60
-85.67
-59.38%
GB:BTRW
Barratt Redrow
298.20
-47.41
-13.72%
GB:BWY
Bellway
2,058.00
-167.22
-7.51%
GB:VTY
Vistry Group
273.40
-330.40
-54.72%
GB:PSN
Persimmon
1,128.00
97.04
9.41%
GB:TW
Taylor Wimpey
81.64
-8.54
-9.47%
Crest Nicholson Holdings Corporate Events
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Crest Nicholson Cuts Debt Faster Than Planned but Warns of FY26 EBIT Loss
Negative
Sep 3, 2026
Crest Nicholson reported that its cash optimisation programme is outperforming expectations, aided by a significant third-party fire remediation recovery and additional land disposals, allowing the company to cut its projected year-end net debt to...
Delistings and Listing ChangesRegulatory Filings and Compliance
Crest Nicholson Updates Market on Share Capital and New Admissions
Neutral
Aug 28, 2026
Crest Nicholson Holdings plc has updated the market on its capital structure, confirming that as of 28 August 2026 it has 257,061,394 ordinary shares in issue, each carrying one vote, with no shares held in treasury. This figure becomes the key re...
Executive/Board ChangesRegulatory Filings and Compliance
Crest Nicholson Executives Acquire Shares Under Incentive Plan
Positive
Aug 10, 2026
Crest Nicholson Holdings plc has reported share transactions involving several senior executives under its Share Incentive Plan. Chief executive officer Martyn Clark, chief financial officer Bill Floydd and group company secretary Penny Thomas eac...
Delistings and Listing ChangesRegulatory Filings and Compliance
Crest Nicholson Updates Share Capital and Admits New Stock to LSE
Neutral
Jul 31, 2026
Crest Nicholson Holdings plc has updated the market on its capital structure, confirming that as of 31 July 2026 it has 257,051,979 ordinary shares of 5 pence each in issue, all carrying one vote per share and with no shares held in treasury. This...
Business Operations and StrategyDividendsFinancial Disclosures
Crest Nicholson Swings to Loss as It Tightens Cash and Seeks Covenant Relief
Negative
Jul 16, 2026
Crest Nicholson reported an interim operating loss as revenue and home completions fell amid subdued UK housing demand and economic uncertainty. The group’s adjusted gross margin halved, completions dropped to 584 units, and net debt nearly ...
Business Operations and StrategyExecutive/Board Changes
Crest Nicholson Executives Receive Shares Under Incentive Plan
Neutral
Jul 10, 2026
Crest Nicholson Holdings plc, a U.K. residential housebuilder listed on the London Stock Exchange’s main market, develops and sells new homes nationwide and uses equity-based incentive plans to align leadership with shareholder returns. The ...
Delistings and Listing ChangesRegulatory Filings and Compliance
Crest Nicholson Updates Share Capital and Admits New Shares to Trading
Neutral
Jun 30, 2026
Crest Nicholson has confirmed that its issued share capital stands at 257,042,312 ordinary shares of 5p each, all carrying one vote per share and with none held in treasury. This figure will serve as the reference point for shareholders when asses...
Other
Crest Nicholson Executives Boost Holdings Through Share Incentive Plan
Positive
Jun 10, 2026
Crest Nicholson Holdings has reported routine share transactions by several senior executives under its Share Incentive Plan, involving the acquisition of partnership shares and the award of free matching shares in ordinary stock. Chief executive ...
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.