Castings (CGS) Share Price, News & Analysis

Company Overview

Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services. The company primarily serves the commercial vehicle, automotive, and other markets in the United Kingdom, Germany, Sweden, the Netherlands, rest of Europe, North and South America, and internationally. Castings P.L.C. was founded in 1835 and is based in Brownhills, the United Kingdom.

Key Stats

• Today's Range: 296 to 306.90
• 50-Day Range: 286 to 350
• 52-Week Range: 280 to 404
• Volume: 12,038 shs
• Average Volume: 32,103 shs
• Market Capitalization: £128.64 million
• P/E Ratio: 778.95
• Dividend Yield: 6.08%
• Price Target: GBX 390
• Consensus Rating: Buy

Castings Stock Analysis - MarketRank™

Castings scored higher than 71% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Castings has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Castings has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Castings is 778.95, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Castings is 778.95, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 486.88.

Price to Book Value per Share Ratio

Castings has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CGS.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Castings is a leading dividend payer. It pays a dividend yield of 6.09%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Castings does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Castings is 4,736.84%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CGS.

News and Social Media

• Score: 1.7 / 5
• News Sentiment: N/A

News Sentiment

Castings has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.37 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Castings this week, compared to 0 articles on an average week.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Castings insiders have bought more of their company's stock than they have sold. Specifically, they have bought £30,402.47 in company stock and sold GBX 0 in company stock.

Percentage Held by Insiders

21.35% of the stock of Castings is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

51.67% of the stock of Castings is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CGS Stock Analysis - Frequently Asked Questions

How have CGS shares performed this year?

Castings' stock was trading at GBX 365 on January 1st, 2024. Since then, CGS shares have decreased by 18.9% and is now trading at GBX 296.
View the best growth stocks for 2024 here.

How were Castings' earnings last quarter?

Castings P.L.C. (LON:CGS) announced its quarterly earnings results on Wednesday, June, 10th. The company reported $23.05 EPS for the quarter, missing the consensus estimate of $24.80 by $1.75. Castings had a net margin of 7.45% and a trailing twelve-month return on equity of 12.59%.

How do I buy shares of Castings?

Shares of CGS stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

What other stocks do shareholders of Castings own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Castings investors own include Autodesk (ADSK), Merck & Co., Inc. (MRK), Avation (AVAP) and Alaska Air Group (ALK).

Company Calendar

• Last Earnings: 6/10/2020
• Ex-Dividend for 8/23 Dividend: 7/18/2024
• Dividend Payable: 8/23/2024
• Today: 10/17/2024

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Industrials
• Industry: Specialty Industrial Machinery
• Sub-Industry: N/A
• Current Symbol: LON:CGS
• CUSIP: N/A
• CIK: N/A
• Web: www.castings.plc.uk
• Phone: +44-1543-374341
• Fax: N/A
• Employees: 1,251
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 390
• High Stock Price Target: GBX 390
• Low Stock Price Target: GBX 390
• Potential Upside/Downside: +31.8%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): GBX 0.38
• Trailing P/E Ratio: 778.95
• Forward P/E Ratio: 17.16
• P/E Growth: N/A
• Net Income: £16.72 million
• Net Margins: 7.45%
• Pretax Margin: N/A
• Return on Equity: 12.59%
• Return on Assets: 7.09%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.30
• Quick Ratio: 2.76

Sales & Book Value

• Annual Sales: £224.41 million
• Price / Sales: 0.57
• Cash Flow: GBX 49.64 per share
• Price / Cash Flow: 5.96
• Book Value: GBX 308 per share
• Price / Book: 0.96

Miscellaneous

• Outstanding Shares: 43,460,000
• Free Float: N/A
• Market Cap: £128.64 million
• Optionable: Not Optionable
• Beta: 0.60