# Chesnara plc (CSN.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Insurance. Price 353p, market value 817 millionp.

## Valuation
- **P/E (trailing): 353.1×** (5-yr avg 4120.6×, 3-yr avg 5495.9×). Chesnara plc trades at 353.1× trailing earnings, well below its own five-year average of 4120.6×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 13.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.4×**. Each dollar of revenue is priced at 0.4×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 12.6×**. Enterprise value is 12.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: -64.3%** (5-yr avg -0.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 0.3%**. The inverse of the P/E: 0.3% of the price is earned each year.

## Profitability
- **Gross margin: 73.5%**. Chesnara plc keeps 73.5% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 39.7%**. 39.7% of revenue is left after running the business, an exceptional level.
- **Net margin: -1.1%**. The company reported a net loss over the last twelve months.
- **Return on equity: -2.5%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 79.6%**. Return on all capital, debt included, is 79.6%: comfortably above what that capital costs.
- **Return on assets: -0.0%**. Each dollar of assets produces -0.0% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -40.6%** (5-yr 9.3%/yr). Revenue fell 40.6% over the last year, against 9.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -301.2%**. Earnings per share fell 301.2%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: 145 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 yield: 6.40%** (0p per share, trailing). Chesnara plc yields 6.40%, high enough to check carefully: yields this high often precede a cut.
- **Consecutive years of increases: 22**. 22 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 3.0%/yr** (1-yr 3.0%). The dividend has grown 3.0% a year over five years.
- **Shareholder yield: -10.3%**. Dividends plus net buybacks return -10.3% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (5 analysts). 5 analysts cover Chesnara plc; the consensus is buy, with an average price target of 378p (+7% 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): 33.2%** (YTD 19.0%, 3-mo 12.1%). The shares are up 33.2% over twelve months including dividends.
- **From 52-week high: -6.6%** (33.2% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 60**. An RSI of 60 is neutral.
- **Beta (1 yr): 0.74** (volatility 19%). Beta of 0.74 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.