# Caledonia Investments plc (CLDN.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 389p, market value 2.0 billionp.

## Valuation
- **P/E (trailing): 15.6×** (5-yr avg 257.4×, 3-yr avg 424.0×). Caledonia Investments plc trades at 15.6× trailing earnings, well below its own five-year average of 257.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 7.5×**. Each dollar of revenue is priced at 7.5×.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 9.2×**. Enterprise value is 9.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 2.6%** (5-yr avg 9.5%). Free cash flow equals 2.6% of the market value, below its five-year average of 9.5%, so the shares are pricier on cash than usual.
- **Earnings yield: 6.4%**. The inverse of the P/E: 6.4% of the price is earned each year.

## Profitability
- **Gross margin: 88.3%**. Caledonia Investments plc keeps 88.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 75.8%**. 75.8% of revenue is left after running the business, an exceptional level.
- **Net margin: 81.7%**. 81.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.5%**. 4.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.8%**. Return on all capital, debt included, is 6.8%.
- **Return on assets: 6.7%**. Each dollar of assets produces 6.7% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 53.7%** (3-yr -2.5%/yr, 5-yr -19.2%/yr). Revenue grew 53.7% over the last year, against -19.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 114.9%** (3-yr 0.1%/yr, 5-yr -20.9%/yr). Earnings per share rose 114.9%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -37.3%/yr**. Free cash flow has compounded at -37.3% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 90 millionp**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Caledonia Investments plc does not currently pay a dividend, but it returned 5.6% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: strong_buy** (1 analyst). 1 analysts cover Caledonia Investments plc; the consensus is strong_buy, with an average price target of 420p (+8% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 3.2%** (YTD 3.7%, 3-mo 11.6%). The shares are up 3.2% over twelve months including dividends.
- **From 52-week high: -34.3%** (24.7% above the low). Trading 34% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 0.46** (volatility 15%). Beta of 0.46 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CLDN.L · Page: https://foliofundamentals.com/stocks/cldn.l

Not investment advice.