# CLS Holdings plc (CLI.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Real Estate / Real Estate Management & Development. Price 47p, market value 190 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). CLS Holdings plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.24**. A PEG of 0.24 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.3×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 11.0×**. Enterprise value is 11.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 27.4%** (5-yr avg 0.0%). Free cash flow equals 27.4% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 73.7%**. CLS Holdings plc keeps 73.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 7.4%**. 7.4% of revenue is left after running the business.
- **Net margin: -36.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -6.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 1.2%**. Return on all capital, debt included, is 1.2%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -8.1%**. Each dollar of assets produces -8.1% of profit.

## Growth
- **Revenue growth (1 yr): -8.0%** (3-yr 0.0%/yr, 5-yr 0.0%/yr). Revenue fell 8.0% over the last year, against 0.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 45.8%**. Earnings per share rose 45.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 1.22**. Debt is 1.22 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 9.0×**. It would take 9.0 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: 0.3×**. Operating profit covers interest only 0.3×: fragile.
- **Current ratio: 0.29** (quick 0.29). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 0.81**. A Z-score of 0.81 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 8.47%** (0p per share, trailing). CLS Holdings plc yields 8.47%, high enough to check carefully: yields this high often precede a cut.
- **Dividend growth (5 yr): -11.7%/yr** (1-yr -49.9%). The dividend has not grown over five years.
- **Shareholder yield: 8.5%**. Dividends plus net buybacks return 8.5% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (3 analysts). 3 analysts cover CLS Holdings plc; the consensus is buy, with an average price target of 55p (+17% 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): -14.4%** (YTD -19.5%, 3-mo 5.3%). The shares are down 14.4% over twelve months including dividends.
- **From 52-week high: -25.7%** (4.8% above the low). Trading 26% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.59** (volatility 34%). Beta of 0.59 against the FTSE All-Share: the shares move much less than the market.

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

Not investment advice.