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CRH Crh Plc

6,252.00
-14.00 (-0.22%)
19 Apr 2024 - Closed
Delayed by 15 minutes

Dividends

Announcement Date Type Currency Amount Ex-Dividend Date Record Date Payment
29/2/2024 Dividend income or Cash Dividend USD 0.35 14/3/2024 15/3/2024 17/4/2024
21/11/2023 Dividend income or Cash Dividend USD 1.08 14/12/2023 15/12/2023 17/1/2024
24/8/2023 Dividend income or Cash Dividend USD 0.25 19/10/2023 20/10/2023 22/11/2023
02/3/2023 Dividend income or Cash Dividend USD 1.03 16/3/2023 17/3/2023 04/5/2023
25/8/2022 Dividend income or Cash Dividend USD 0.24 08/9/2022 09/9/2022 07/10/2022
03/3/2022 Dividend income or Cash Dividend EUR 0.908127 10/3/2022 11/3/2022 05/5/2022
26/8/2021 Dividend income or Cash Dividend EUR 0.196244 09/9/2021 10/9/2021 08/10/2021
04/3/2021 Dividend income or Cash Dividend EUR 0.7719 18/3/2021 19/3/2021 05/5/2021
20/8/2020 Dividend income or Cash Dividend EUR 0.185634 03/9/2020 04/9/2020 25/9/2020
28/2/2020 Dividend income or Cash Dividend EUR 0.63 12/3/2020 13/3/2020 28/4/2020
22/8/2019 Dividend income or Cash Dividend EUR 0.20 05/9/2019 06/9/2019 25/9/2019
- Dividend income or Cash Dividend EUR 0.20 04/9/2019 06/9/2019 25/9/2019
Dividends data is taken only from official company reports.

Top Dividend Posts

Top Posts
Posted at 04/1/2024 08:38 by johnrxx99
SigmaRok deal completed and CRH hold 15.4% of the company.
Posted at 27/6/2022 09:55 by pdosullivan
Hi all, just giving a second and final push to my blog on CRH, which I am a shareholder in, that might be of interest to you https://tbifund.wordpress.com/2022/06/26/crh-crh-id-the-building-blocks-of-value/
Posted at 26/6/2022 17:38 by pdosullivan
Hi all, I have written a blog on CRH, which I am a shareholder in, that may be of interest to some of you. Feedback welcome! https://tbifund.wordpress.com/2022/06/26/crh-crh-id-the-building-blocks-of-value/
Posted at 15/7/2020 19:27 by cheshire pete
Have recently bought these with prospects for infrastructure. Prefer building materials to cut throat world of contracting as they are early beneficiaries of construction process.

Surprised at the dearth of comments on this board given that CRH are about 20th in FTSE 100 by Market Cap.
Posted at 01/10/2018 11:12 by danieldanj
CRH News Out Just Now
Posted at 26/4/2018 10:14 by 3rd eye
CRH........CRH PLC

trading update yesterday bullish on second half.



Good write up here.........

One Footsie dividend growth stock I’d buy and one I’d sell today
Rupert Hargreaves | Wednesday, 25th April, 2018

Building materials company CRH (LSE: CRH) might not look like a traditional income stock at first glance, but current City forecasts suggest this business is going to grow into one over the next few years.

Indeed according to City figures, over the next two years CRH’s dividend payout to investors is expected to grow by around 10% to €0.75 per share by 2019. But to me, this looks like a conservative forecast given CRH’s management has always prioritised investor returns.

For example, the firm announced today a €1bn share buyback to return additional capital, even though trading during the first quarter has been mixed. Thanks to “prolonged winter weather conditions and the timing of Easter holidays” first quarter like-for-like sales declined 2%. Group earnings before interest tax depreciation and amortisation (EBITDA) are expected to be in line with last year’s print.

Nevertheless, after this minor setback, management is expecting EBITDA to be ahead of last year in the second half “in the absence of any major market dislocations,” according to its trading update issued today for the three months ended 31 March.

Improving the portfolio
CRH’s management is always on the lookout for ways to improve performance. Thanks to these efforts, earnings per share have more than doubled over the past six years. And it doesn’t look as if the enterprise is going to slow down anytime soon.

During the first quarter, the company spent €150m on six bolt-on acquisitions and is planning €1.5bn-€2bn for further portfolio divestments over the “medium term” as the group tries to streamline its portfolio and improve overall returns. While some of this divestment cash will be returned to investors, I believe some will also be invested in new growth opportunities.

Analysts have pencilled in earnings per share growth of 24% of 2018, followed by 15% for 2019. Based on these estimates, the shares are trading at a 2019 P/E of 12.6, which looks to me to be too cheap considering CRH’s historical growth and income potential. The shares currently support a dividend yield of 2.6%.

=============================================================================

I agree with the tipster the stock looks very cheap given EPS growth going forward.

Analysts have pencilled in earnings per share growth of 24% of 2018, followed by 15% for 2019

Never mind an income stock those figures equate to a ZULU stock under the late Jim Slaters formula.
Posted at 17/11/2016 15:17 by philanderer
CRH sales climb as building group enjoys a 'Trump bounce'
Posted at 02/6/2016 16:49 by wexboy
2016 – The Great Irish Share Valuation Project (Part II):

Company: CRH (CRH:ID)

Last TGISVP Post: Here

Market Cap: EUR 22,579 M

Price: EUR 27.40

When Albert Manifold kicked off as CEO, it certainly looked like he was planning to right-size a rather stretched balance sheet (I even wondered whether he’d launch a rights issue). But it’s always hugely tempting for a new CEO (esp. the CEO of an Irish corporate icon like CRH), to make his mark as an empire-builder, so that resolve didn’t last long… Despite announcing a €1.5-2.0 billion multi-year disposal programme in late-2014, 2015 proved to be the year for mega-acquisitions – totaling almost €8 billion, primarily the Lafarge-Holcim & C.R. Laurence Co acquisitions. [OK, Manifold did a placing in the end, but only to fund about 25% of the LH deal].

While underlying organic growth’s now progressing at a very healthy clip (primarily driven by renewed US momentum), we haven’t reached a point where it’s easy to determine an appropriate P/E multiple – therefore, we’ll use a similar approach to my previous write-up. Noting CRH’s two big acquisitions closed in H2-2015, first we need to calculate a post-acquisition revenue run-rate: LH revenue’s €5.1 billion & the deal closed end-July, so that’s a €3.0 billion revenue bump for FY-2016. And CRL revenue’s $570 million & it closed end-Aug – an additional $380 million revenue bump.

CRH’s FY-2015 EBIT margin was 5.6%, which compares to a peak 9.9% margin (back in 2007) – so relying on the company’s actual Op FCF margin (of 8.3%) seems appropriate here for valuation purposes & deserves a 0.75 P/S multiple. [Which seems fair for the incremental acquisition revenue also – LH & CRL earn much higher EBITDA margins than CRH, but since CRH’s Op FCF margin’s about 50% higher than its EBIT margin, it seems unwise to specifically adjust margin higher for these acquisitions]. And looking at average FY-2015 debt levels vs. year-end debt of €9.2 billion vs. underlying net interest costs, I estimate FY-2016 net interest cost will be around €366 million (vs. a prior €295 million), which is just over 16% of Op FCF – so a debt adjustment no longer seems necessary, bearing in mind CRH also has €2.5 billion cash on hand (also provides cover for a €0.6 billion pension deficit). [OK, props to Manifold…he217;s bloody well cashing his way out of a stretched balance sheet!]:

(EUR 23.6 B Rev + 3.0 B LH + $0.4 B CRL / 1.1115 EUR/USD) * 0.75 P/S / 824 M Shares = EUR 24.53

CRH looks marginally over-valued at this point. But noting the underlying momentum of its US business, and likely cost savings to come from its two major acquisitions, we should hopefully see it grow into its current market cap over the next year. But investors should also be mindful of potential integration and/or (renewed) economic risks here, which could prove challenging for a company that’s relatively leveraged at this point.

Price Target: EUR 24.53

Upside/(Downside): (10)%



For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog.
Posted at 08/1/2015 18:15 by jeffcranbounre
CRH is featured in today's ADVFN podcast

To listen click here>

In today's podcast:

- City Investor and financial write Chris Oil will be chatting about a small cap oil stock that city analysts reckon could be a ten bagger. Chris on Twitter is @ChrisOil

- And the micro and macro news including:

Tesco #TSCO
Quindell #QPP
Ted Baker #TED
Standard Chartered #STAN
Spirent Communications #SPT
Howden Joinery #HWDN
Marks and Spencer #MKS
CRH #CRH
Hays #HAS
Talk Talk #TALK
British Land #BLND
Grafton #GFTU
Dunelm Group #DNLM
Samsung
SQS Software #SQS
Renishaw #RSW
Zoopla #ZPLA
Boohoo.com #BOO
Foxtons Group #FOXT

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.



(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:



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Justin

 

 
Posted at 05/5/2014 00:33 by wexboy
Company: CRH

Prior Post(s): 2012 & 2013

Ticker: CRH:ID

Price: EUR 20.98

2013 wasn't a great year for CRH – the new CEO, Albert Manifold, has inherited an uphill task (& a stretched balance sheet) from veteran Myles Lee. Total revenue fell marginally – again, weak trading in Europe was the culprit, but it's notable CRH's (2012) US momentum has mostly dissipated (with revenue up just 2%). Europe had a more pronounced (negative) impact on profitability, with CRH's underlying operating profit margin falling to just 4.0%. [This performance also prompted a 2013 portfolio review, resulting in a EUR 0.6 billion write-down & a plan to divest 45 (primarily European) business units]. Fortunately, this kind of stagnation often benefits the cash flow statement – something we can reasonably expect again in 2014 – for 2013, this resulted in a 5.6% operating free cash flow (Op FCF) margin.

For valuation purposes, I'll still assume we'll see an eventual convergence towards CRH's long-term margins of almost 10% – so let's utilize an average 7.8% margin here. However, it's worth highlighting fresh anxieties over Chinese/emerging market growth mean the timing of this convergence has become that much more uncertain... On the other hand, CRH is still the Irish blue chip for domestic & international investors (well, even though it's not very Irish...) – so I'll continue to assign a 0.7 P/S multiple.

But leverage remains a big problem – EUR 255 million of net interest expense is a whopping 35% of adjusted operating profit. But let's be generous here & focus on CRH's Op FCF of just over EUR 1.0 B instead...unfortunately, net interest's still over 25% of this figure. I calculate total debt (of 5.5 B) would need to be reduced by about 39%, to limit net interest to 15% of Op FCF – therefore, we'll include a 2.1 B (negative) debt adjustment in our valuation, plus a 336 M adjustment for the net pension deficit. However, cash has now accumulated to a rather ridiculous 2.5 B – I suspect management will opt for ample liquidity, but it seems reasonable to assume 50% of this cash will be used to offset debt balances/maturities. Put all this together & we have:

(EUR 18.0 B Revenue * 0.7 P/S + 2.5 B Cash * 50% – 2.1 B Debt Adjustment – 0.3 B Net Pension Deficit) / 735 M Shares = EUR 15.53

CRH remains pretty over-valued. I suspect there's a potential takeover premium embedded in the price – considering the Holcim-Lafarge merger news, we may be on the verge of a new wave of consolidation. If that's the case, CRH is a mere morsel – shareholders often seem to presume it's a global player, but in reality it barely cracks the top 40 largest cement companies. Meanwhile, shareholders probably face another tough year...and it might prove tempting for the new CEO to indulge in another kitchen-sink job this year, or to even consider a rights issue.

Price Target: EUR 15.53

Upside/(Downside): (26)%

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