# CQS Natural Resources G&I plc (CYN.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services. Price 429p, market value 167 millionp.

## Valuation
- **P/E (trailing): 3.4×** (5-yr avg 1291.6×, 3-yr avg 1918.7×). CQS Natural Resources G&I plc trades at 3.4× trailing earnings, well below its own five-year average of 1291.6×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 17.0×**. Each dollar of revenue is priced at 17.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 2.7×**. Enterprise value is 2.7× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 1.1%** (5-yr avg 0.0%). Free cash flow equals 1.1% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 29.8%**. The inverse of the P/E: 29.8% of the price is earned each year.

## Profitability
- **Gross margin: 68.2%**. CQS Natural Resources G&I plc keeps 68.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Return on equity: 4.2%**. 4.2% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 44.9%**. Return on all capital, debt included, is 44.9%: comfortably above what that capital costs.
- **Return on assets: 42.5%**. Each dollar of assets produces 42.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **EPS growth (1 yr): -36.6%** (3-yr -36.7%/yr). Earnings per share fell 36.6%.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 2 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**. CQS Natural Resources G&I plc does not currently pay a dividend, but it returned 2.2% of its market value through buybacks over the last year.

## Price and momentum
- **Total return (1 yr): 69.5%** (YTD 21.8%, 3-mo 19.7%). The shares are up 69.5% over twelve months including dividends.
- **From 52-week high: -6.1%** (105.9% above the low). Trading 6% 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): 68**. An RSI of 68 is neutral.
- **Beta (1 yr): 0.87** (volatility 38%). Beta of 0.87 against the FTSE All-Share: the shares move roughly with the market.

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

Not investment advice.