Added to YB: 2026-01-28
Pitch date: 2026-01-26
CRN.L [neutral]
Cairn Homes plc
+13.01%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Cairn Homes plc operates as homebuilder in Ireland. The company builds, develops, and sells residential properties, including houses, duplexes, and apartments, as well as commercial and retail spaces.
Market Cap
GBP 1.3B
Pitch Price
GBP 1.81
Price Target
2.42 (+18%)
Dividend
3.92%
EV/EBITDA
12.18
P/E
13.23
EV/Sales
2.07
Sector
Household Durables
Category
value
I Cairn-ot of the broken rules
CRN.L (update): Irish homebuilder targeting 25% unit growth to 3K annually vs 60K national need. FY25: €945M revenue (+10%), 17.8% op margin (19% in 2H). €1.15B order book, 16.3K unit landbank worth €7.5B future revenue. Strong gov support: €11.3B housing budget, Help-to-Buy scheme. DCF target 242p vs 181p (+34%). Bear: Ireland-only exposure.
Read full article (6 min)