Cairn Homes PLC header image

Cairn Homes PLC

CRN

Equity

ISIN IE00BWY4ZF18 / Valor 28458530

LSE London Stock Exchange, SETS (2025-03-13)
GBP 1.66-2.19%

Cairn Homes PLC
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About company

Cairn Homes PLC is a prominent home and community builder in Ireland, recognized as the largest self-build apartment developer and homebuilder in the country. The company operates a comprehensive end-to-end platform that enables it to efficiently deliver a diverse range of new homes tailored to current and future market demands. Cairn Homes focuses on developing residential properties in desirable locations, leveraging its substantial resources and capabilities to meet the housing needs of various communities across Ireland.

Summarized from source with an LLMView SourceSector: Industrials

Latest Results (12.01.2025):

Revenue Growth

Cairn Homes PLC reported a significant increase in revenue for the first half of 2024, reaching €366.1 million. This marks a 67% growth compared to the same period in 2023, where the revenue was €219.5 million. The increase is attributed to the closing of 894 units, up from 535 units in the previous year.

Operating Profit and Margin

The company achieved an operating profit of €61.4 million for the six months ended 30 June 2024, more than doubling the €29.6 million recorded in the first half of 2023. Additionally, Cairn Homes PLC saw a 330 basis points increase in operating margin, reaching 16.8% compared to 13.5% in the previous year, highlighting the efficiency of their scaled operating platform.

Cash Flow and Debt

Cairn Homes PLC generated €49.5 million in operational cash flow during the first half of 2024, a significant improvement from the €30.7 million used in operating activities in the same period of 2023. The company's net debt decreased to €157.0 million from €228.6 million, reflecting improved financial management and the addition of a fourth lender, Home Building Finance Ireland.

Earnings and Dividends

The basic earnings per share (EPS) for Cairn Homes PLC increased by 140% to 7.2 cent in the first half of 2024, compared to 3.0 cent in the same period of 2023. The interim dividend per share (DPS) also saw a 23% increase, rising to 3.8 cent from 3.1 cent, demonstrating the company's commitment to returning value to shareholders.

Outlook and Guidance

Cairn Homes PLC remains optimistic about its future performance, reaffirming its guidance for the full year 2024. The company expects to deliver approximately 2,200 units, achieve an operating profit of around €145 million, and maintain a return on equity (ROE) of 15%. The strong order book and scaled operating platform support this positive outlook.

Summarized from source with an LLMView Source

Key figures

25.4%1Y
73.6%3Y
96.0%5Y

Performance

27.5%1Y
28.7%3Y
34.5%5Y

Volatility

Market cap

1397 M

Market cap (USD)

Daily traded volume (Shares)

874,271

Daily traded volume (Shares)

1 day high/low

1.94 / 1.916

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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