Share Name Share Symbol Market Type Share ISIN Share Description
Centrica Plc LSE:CNA London Ordinary Share GB00B033F229 ORD 6 14/81P
  Price Change % Change Share Price Shares Traded Last Trade
  2.02 2.22% 92.86 16,182,610 16:35:05
Bid Price Offer Price High Price Low Price Open Price
92.62 92.66 92.64 90.30 90.88
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 29,686.00 575.00 3.30 28.1 5,402
Last Trade Time Trade Type Trade Size Trade Price Currency
17:36:22 O 13,828 92.86 GBX

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19/1/202011:45Centrica broker notes 2013/1425,088
19/1/202011:18CENTRICA369
30/7/201907:59WHY UTILITY COMPANIES ARE FACING AN ENERGY DEATH SPIRAL...TIME TO SHORT THEM15
17/7/201917:43Centrica oil and gas assets1
25/6/201910:47Centrica - New Lows -Next Stop?54

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19/1/2020
08:20
Centrica Daily Update: Centrica Plc is listed in the Gas Water & Utilities sector of the London Stock Exchange with ticker CNA. The last closing price for Centrica was 90.84p.
Centrica Plc has a 4 week average price of 85.74p and a 12 week average price of 69.96p.
The 1 year high share price is 140.70p while the 1 year low share price is currently 64p.
There are currently 5,817,100,579 shares in issue and the average daily traded volume is 28,554,259 shares. The market capitalisation of Centrica Plc is £5,401,759,597.66.
13/10/2019
11:16
maywillow: Piched from the other thread Https://simplywall.st/news/an-intrinsic-calculation-for-centrica-plc-loncna-suggests-its-50-undervalued/ PT Corticeira Amorim, S.G.P.S., S.A. (ELI:COR) Earns Among The Best Returns In Its Industry GB Do Directors Own 4D pharma plc (LON:DDDD) Shares? GB How Do DCD Media Plc’s (LON:DCD) Returns Compare To Its Industry? GB Does Coats Group plc (LON:COA) Have A Particularly Volatile Share Price? GB How Does Centamin plc (LON:CEY) Fare As A Dividend Stock? LSE:CNA An Intrinsic Calculation For Centrica plc (LON:CNA) Suggests It’s 50% Undervalued Simply Wall St June 28, 2019 Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Centrica plc (LON:CNA) as an investment opportunity by taking the foreast future cash flows of the company and discounting them back to today’s value. I will use the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! Remember though, that there are many ways to estimate a company’s value, and a DCF is just one method. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. View our latest analysis for Centrica Is Centrica fairly valued? We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company’s cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren’t available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today’s value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (£, Millions) £650.82 £739.78 £912.81 £1.06k £812.00 £663.23 £580.62 £532.13 £502.98 £485.54 Growth Rate Estimate Source Analyst x6 Analyst x9 Analyst x8 Analyst x2 Analyst x1 Est @ -18.32% Est @ -12.46% Est @ -8.35% Est @ -5.48% Est @ -3.47% Present Value (£, Millions) Discounted @ 6.55% £610.82 £651.66 £754.67 £824.06 £591.36 £453.34 £372.48 £320.40 £284.24 £257.52 Present Value of 10-year Cash Flow (PVCF)= £5.12b “Est” = FCF growth rate estimated by Simply Wall St After calculating the present value of future cash flows in the intial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 10-year government bond rate of 1.2%. We discount the terminal cash flows to today’s value at a cost of equity of 6.5%. Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = UK£486m × (1 + 1.2%) ÷ (6.5% – 1.2%) = UK£9.2b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = £UK£9.2b ÷ ( 1 + 6.5%)10 = £4.90b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is £10.02b. In the final step we divide the equity value by the number of shares outstanding. This results in an intrinsic value estimate of £1.72. Relative to the current share price of £0.86, the company appears quite undervalued at a 50% discount to where the stock price trades currently. Remember though, that this is just an approximate valuation, and like any complex formula – garbage in, garbage out. LSE:CNA Intrinsic value, June 28th 2019 LSE:CNA Intrinsic value, June 28th 2019 The assumptions The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. If you don’t agree with these result, have a go at the calculation yourself and play with the assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company’s future capital requirements, so it does not give a full picture of a company’s potential performance. Given that we are looking at Centrica as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we’ve used 6.5%, which is based on a levered beta of 0.800. Beta is a measure of a stock’s volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Next Steps: Although the valuation of a company is important, it shouldn’t be the only metric you look at when researching a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to “what assumptions need to be true for this stock to be under/overvalued?” If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price to differ from the intrinsic value? For Centrica, I’ve compiled three relevant aspects you should further examine: Financial Health: Does CNA have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk. Future Earnings: How does CNA’s growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Are there other high quality stocks you could be holding instead of CNA? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the LON every day. If you want to find the calculation for other stocks just search here. We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
19/9/2019
14:04
ariane: PROACTIVEINVESTORS Calum Muirhead 13:08 Thu 19 Sep 2019 Centrica PLC Centrica a “value wildcard”, says Jefferies as it ups to buy The US broker said the shares were trading at a 50% discount to the sector after a torrid 2019 marred by profit warnings and a savage dividend cut Centrica PLC - Centrica PLC “value wildcard”, says Jefferies as it ups to buy British Gas owner Centrica PLC (LON:CNA) is a “value wildcard” with a steep discount to the rest of the sector, according to analysts at Jefferies, who on Thursday upgraded the stock to ‘buy’ from ‘hold’. The US broker, which has the FTSE 100 firm pegged with a 90p target price, said the shares were currently trading at around a 50% discount to the sector after a torrid 2019 that has seen the firm issue a multitude of profit warnings, swing to a net loss in its first half, lose its chief executive Iain Conn and slash its generous full-year dividend by more than half to 5p. READ: Centrica chief executive to depart after slump into losses and dividend cut Unsurprisingly, this has resulted in a sharp plunge in the share price, which has tumbled around 45% since the start of the year. However, analysts said a new strategy presented in July, which will involve the disposal of the group’s Spirit Energy business and its 20% stake in UK nuclear by 2020 alongside spending cuts, would leave its balance sheet “in better shape”, support 3% EBIT margins in Centrica’s UK Home energy business, which includes British Gas and Hive Energy smart monitoring, and leave its dividend “well-underpinned”. As a result, the new strategy, alongside the discounted share price, left Centrica’s stock with an “attractive221; risk-reward profile, Jefferies said, adding that even if it reached their 90p target the group would still trade at a 30% discount to the sector with a dividend yield of 5.6% as opposed to 5% among its peers. The shares began to heat up in early afternoon on Thursday, rising 2.7% to 74.8p.
10/8/2019
10:30
diku: Have you heard of any CEO apologise for loss of shareholder value?...no never because they don't have control of the share price...infact nobody has a control of the share price...too many variables....hence the distortion company and share price movement... Investors who have lost a lot here can forgive themselves, this was unpredictable, although it all seems obvious after the event. Amazing really.
30/7/2019
09:03
sarkasm: invezz Centrica share price sinks as group slashes dividend Tsveta Zikolova Tsveta Zikolova July 30, 2019 2 min read Share this article! Centrica’s (LON:CNA) share price has slumped in London this morning as the company updated investors on its interim performance, posting a fall in revenue and profits and taking the axe to its dividend, amid the UK energy price cap and additional pension contributions which have pressured the company’s cash flow. The British Gas owner further announced that its chief executive Iain Conn was stepping down. As of 08:21 BST, Centrica’s share price had given up 10.33 percent to 81.46p. The shares are significantly underperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.24 percent higher at 7,705.24 points. ‘Exceptionally challenging environment’ Centrica announced in a statement this morning that its adjusted revenue had dropped two percent to £13.8 billion in the first half of 2019. The group’s EBITDA meanwhile fell 19 percent to £1.9 billion, while the company’s adjusted operating cash flow came in 32 percent lower at £744 million. “Centrica faced an exceptionally challenging environment in the first half of 2019, which impacted earnings and cash flows,” the group’s chief executive Iain Conn said in the statement, adding that the company had “regrettably had to make the decision to rebase the dividend”. The British Gas owner said that it was slashing its interim payout to shareholders by 58 percent to 1.5p per share. The update comes after it emerged earlier this month that the company was planning to lower its payout to shareholders. Chief executive Iain Conn to step down Centrica announced in a separate statement that Iain Conn had agreed with the board that he will step down as CEO and retire from the Board next year. The British Gas owner, however, expects that he will remain with the company at least until next year’s annual general meeting. According to MarketBeat, the British Gas owner currently has a consensus ‘hold’ rating, while the average target on the Centrica share price stands at 113.46p.
27/7/2019
16:22
diku: Send the copy of CNA share price chart for the last five years to every member of the remuneration committee...Conn due for another bumper pay rise?... Anybody know the finer details of Conn's contract regarding meeting financial targets?...or were there any financial targets set?...and I assume share price performance is exempt...
02/7/2019
16:33
la forge: CHEERS WHATUPS Is the Centrica share price heading for 110p again? [Fool.co.uk] Alan Oscroft Fool.co.uk2 July 2019 Business accounting concept, Business man using calculator with computer laptop, budget and loan paper in office. Business accounting concept, Business man using calculator with computer laptop, budget and loan paper in office. Centrica (LSE: CNA) has been regularly popping up in my stock filters these days, making me wonder if it’s finally time to buy. Shares in the owner of British Gas have recently fallen to a 21-year low, but can they really keep on sliding? What do I mean by stock filters? I regularly run a scan of the FTSE 100, checking on various fundamental measures. I look for stuff like low P/E, high dividends, good dividend cover, low PEG, all kinds of things. And, increasingly, Centrica makes the cut. Looking for undervalued dividend stocks, the other day I narrowed the FTSE 100 down to those with a dividend yield of 5% or more, cover by earnings of at least 1.3 times, and a P/E that’s no higher than 14. And Centrica made the cut. Earnings rebound? Earnings at Centrica are expected to fall again this year, but analysts have EPS starting to climb again in 2020. That would put the stock on a forward P/E of around 11 for the current year, dropping as low as 8.5, based on next year’s forecasts. There’s a dividend cut on the cards for this year too, after the firm had maintained its 12p per year for four years in a row while earnings were falling. And as an aside, that’s something I don’t like to see — companies that stubbornly keep their dividends going until it’s almost too late. Sadly, it’s a very common thing. But I’d much rather see dividends paid more variably as, and when, the cash is there to cover them reliably. Anyway, even with forecasts suggesting the payout will be slashed to around 7.8p this year, and then nudged down to 7.5p next, that would still provide yields of 8.7% and 8.3% for the two years, respectively. Dividend cover Cover by earnings wouldn’t be great. But we’d be seeing 1.33 times by 2020, if these predictions are close to the truth, and that wouldn’t be too bad in the energy sector where dividends are generally only modestly covered. This isn’t a picture of a company bouncing with health I’m painting here. But, at the same time, it looks like it could be passing the bottom of its poor spell. I can’t help feeling there’s more pessimism in the share price than is justified. Let’s imagine a 25% upside and a share price rising to 112p. That would bring those P/E predictions to undemanding levels of 14 and 11 for the two years, respectively, and the dividend yields would drop to 7% and 6.7%. That would still represent a very desirable income level. Trading In its most recent trading update in May, Centrica told us things remain tough, but that it’s still on track for its cash flow and net debt guidance, with £250m of efficiency savings and £500m of non-core divestments expected by the end of the year. Net debt should still be around £3bn-£3.5bn, and I see that as the biggest risk right now. Interim results are due on 30 July, and debt will be the first thing I’m looking for. Would I buy Centrica shares? No, because of my cautious investing approach, and because these days I won’t buy recovery stocks until I’ve seen them recover. But for a bolder contrarian investor, I reckon Centrica could be worth a close look now.
01/7/2019
07:02
florenceorbis: Investomania Are recoveries ahead for Vodafone Group plc, easyJet plc, Centrica PLC and Marks and Spencer Group Plc? Do these shares have turnaround potential? Vodafone Group plc (LON:VOD) (VOD.L), easyJet plc (LON:EZJ) (EZJ.L), Centrica PLC (LON:CNA) (CNA.L) and Marks and Spencer Group Plc (LON:MKS) (MKS.L) July 1, 2019 Robert Stephens, CFA FTSE 100 Centrica PLC Centrica PLC The performances of shares in Vodafone Group plc (LON:VOD) (VOD.L), easyJet plc (LON:EZJ) (EZJ.L), Centrica PLC (LON:CNA) (CNA.L) and Marks and Spencer Group Plc (LON:MKS) (MKS.L) have been disappointing over recent quarters in my view. Investors seem to be concerned about the financial prospects of Vodafone. The company is investing heavily in 5G and in acquisitions. This may have contributed to its decision to rebase its dividend, which seems to have caused investor sentiment to come under pressure. I think that the Vodafone share price offers long-term recovery potential. Its decision to enter into partnerships and become a simpler business could catalyse its financial performance, but it may be a gradual process. easyJet’s financial prospects continue to be uncertain to my mind. Even though fuel costs may moderate due to a lower oil price, overcapacity and a high level of competition at a time when consumer confidence is weak could lead to a difficult period. Still, with the stock having a P/E ratio of 7, I think it could offer a margin of safety. I also think easyJet’s balance sheet and strong position in the budget airline segment may allow it to gain market share over the medium term. Marks and Spencer may take time to deliver improving financial performance in my opinion. It is investing heavily in its omnichannel prospects, but I feel that other retailers have got a head start in this respect. Therefore, while I think the company has a strong brand and a loyal customer base, I feel that some of its rivals have business models that are better aligned with evolving customer tastes. As a result, I view Marks and Spencer as a long-term recovery stock. Centrica’s uncertain outlook could hold back its share price in the near term in my view. The company faces political and regulatory risks that are showing little sign of subsiding to my mind. Therefore, while it has a dividend yield that is now in the double digits, I feel there may be better opportunities for me elsewhere. It wouldn’t surprise me if Centrica continues to underperform the FTSE 100 in the short run, although a successful turnaround cannot be ruled out over future years as it seeks to become more efficient under a revised strategy.
24/5/2019
16:31
hifc231: Hi DD, if Corbyn the Red had a chance to buy this, would they also base the price on assets not just share price? As assets can be easily priced (age, reserves etc), where as the a share price is mostly based on speculation of what may happen not actually cost of the company......... I thought someone on here stated a few months back that based on Asset value Centricas share should be around the 2.50 mark, therefore shouldn't any nationalization offer be close to this?..............All speculation but any offer should not just be based on share price history alone, there is Debt levels, rebranding costs, Asset values, future reserve value, redundancy package costs from restructuring, pension deficit etc etc.......... but the Commies would just ignore all that and say 50p a share.
21/4/2019
15:21
turvart: Sorry Whatsup32, As I was writing my post you posted, I wasn’t talking about your last post being great sense, I was talking about the post before that. Personally I don’t think CNA should reduce their holdings in Spirit Energy they should actually increase their holdings lol and hope that the brilliance of Spirit Energy can help CNA share price hold up, if CNA sell holding of Spirit Energy then they will sell their gold and the Sp will drop even more IMO.
21/4/2019
08:53
whatsup32: 1. Dividend will more then likely be cut to around 4p. (4% per annum return is reasonable assuming share price £1) If it is cut share price will likely drop , if it is not share price will still likely drop as the company would be seen not having done the right thing and in anticipation of a cut further down the road. 2. Weather is mild so don’t expect bumper sales , 3. Nuclear stake has been on the chopping block for some years with no takers and if that wasn’t enough two? Of the reactors are shut down due to cracks producing NO power 4. Labour is getting stronger in the polls 5. Cannot increase prices to compensate for extra costs 6. Cutting staff to the bone and probably reducing future investments Short term share price is likely to go down but once the dividend is cut with an immediate adjustment to share price , I think CNA will see a steady clime in its share price. Every one is looking for someone to blame for the collapse in share price . But I’m of the view BOD have done a good job . They sacrificed loss making customers (profit is sanity) Invested in digital Cut costs to the bone Bonus may not be timely but he deserves his salary.
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