Countryside Properties PLC (New) (CSP:LN)

Consumer Discretionary/Home Construction Price: 514.50 GBX Report Date: September 24, 2021 Business Description and Key Statistics

Countryside Properties is a homebuilder and urban regeneration Current YTY % Chg partner, with operations across London, the South East, the North West of England, the Midlands and Yorkshire. Co. operates through Revenue LFY (M) 892 -27.9 two divisions: Partnerships and Housebuilding. The EPS Diluted LFY -0.01 Partnerships division specializes in urban regeneration of public sector land, delivering private, affordable and private rented sector Market Value (M) 2,691 homes in partnership with local authorities and housing associations. The Housebuilding division delivers homes aimed at Shares Outstanding LFY (000) 522,978 local owner occupiers. It develops primarily private and affordable Book Value Per Share 2.08 homes on land owned or controlled by Co., located in outer London and the Home Counties. EBITDA Margin % 1.90 Net Margin % -0.4 Website: www.countrysideproperties.com Long-Term Debt / Capital % 0.2 ICB Industry: Consumer Discretionary Dividends and Yield TTM 0.00 - 0.00% ICB Subsector: Home Construction Payout Ratio TTM % 0.0 Address: Countryside House;The Drive Brentwood 60-Day Average Volume (000) 1,352 GBR 52-Week High & Low 571.50 - 330.60 Employees: 1,947 Price / 52-Week High & Low 0.90 - 1.56

Price, Moving Averages & Volume

584.2 584.2 Countryside Properties PLC (New) is currently trading at 514.50 which is 4.0% below its 549.3 549.3 50 day moving average price of 535.88 and 3.3% above its 514.5 514.5 200 day moving average price of 498.22.

479.6 479.6 CSP:LN is currently 10.0% below its 52-week high price of 571.50 and is 55.6% above its 444.8 444.8 52-week low price of 330.60. Over the past 52-weeks, 410.0 410.0 CSP:LN is up 51.9% while on a calendar year-to-date basis it is up 10.1%. 375.1 375.1 The Relative Strength Index (RSI) indicator for CSP:LN is 340.3 340.3 currently 39.48. An RSI value of 70 and above is considered 305.4 305.4 overbought and 30 and below 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 oversold. Volume (000) 18,793 18,793

14,095 14,095

9,396 9,396

4,698 4,698 Mean (1474.57) 0 0 10/20 11/20 12/20 1/21 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21

Price Price (50-Day Simple Moving Average) Price (200-Day Simple Moving Average)

Consumer Discretionary/Home Construction Price: 514.50 GBX Report Date: September 24, 2021 Price Performance, Technical Indicators & Risk Metrics

Difference Price Performance % Change vs FTSE 350 Technical Indicators 1-Day % -2.92 -2.44 50-Day Average Price 535.88 1-Week % -0.58 -0.84 Price / 50-Day Average 0.96 4-Week % -9.58 -8.16 200-Day Average Price 498.22 52-Week % 51.86 27.51 Price / 200-Day Average 1.03 RSI - Relative Strength Index 39.48 Quarter-to-Date % 8.87 7.74

Year-to-Date % 10.08 -0.14 Risk Metrics Last Month % 6.83 4.91 Price Volatility 17.03 Last Quarter % -6.97 -11.64 Sharpe Ratio 0.16 Last Calendar Year % 2.68 15.67 Sortino Ratio 0.27

5-Year Price Performance vs. FTSE 350

Countryside Properties PLC (New) Current: 2.12 CAGR: 16.3% Over the past five years, FTSE 350 Index Current: 1.18 CAGR: 3.4% Countryside Properties PLC (New)'s stock price is up 2.4 2.4 111.9% which is 93.5% above the FTSE 350 Index performance of 18.4% over the 2.3 2.3 same period. Countryside Properties PLC (New)'s 2.1 2.1 cumulative annualized growth CSP:LN rate (CAGR) over the five year period has been 16.3% while 2.0 2.0 that of the FTSE 350 Index has been 3.4%.

1.9 1.9 Over the past year, Countryside Properties PLC 1.7 1.7 (New)'s stock price performance of 51.9% has outperformed that of the FTSE 1.6 1.6 350 Index by 27.5%. On a year-to-date basis, 1.4 1.4 Countryside Properties PLC (New)'s stock price performance of 10.1% has 1.3 1.3 outperformed the FTSE 350 Index by 0.1%. 1.2 ^NMX:LN 1.2 Over the past week, Countryside Properties PLC 1.0 1.0 (New)'s stock price performance of -0.6% has underperformed that of the 0.9 0.9 FTSE 350 Index by 0.8%.

0.8 0.8 2017 2018 2019 2020 2021 2022

Consumer Discretionary/Home Construction Price: 514.50 GBX Report Date: September 24, 2021 Growth and Profitability Metrics

5-Year 10-Year Historical Growth 3-Year 5-Year 10-Year Profitability Current Average Average Revenues % 1.8 10.3 Gross Margin % 12.1 20.3 Revenues Per Share % 1.6 10.1 EBITDA Margin % 1.9 13.2 EBITDA % -49.3 -24.5 Pre-Tax Margin % -2.1 10.6 EPS Diluted % -100.0 -100.0 Net Margin % -0.4 11.4 Free Cash Flow % -100.0 -100.0 Return on Equity % -0.4 18.2 Cash from Operations % -99.9 -99.9 Return on Capital % -0.4 12.2 Book Value % 10.9 135.1 Return on Assets % -0.3 10.3

Revenue (M) Countryside Properties PLC (New)'s cumulative annualized Current: 892.00 Median: 892.00 High: 1237.10 Low: 671.26 CAGR: 7.4% revenue growth rate over the 1,350.3 1,350.3 1,237.1 charted period is 7.4%. This compares to cumulatative 1,114.5 1,018.6 1,114.5 annualized growth of 1.8% 892.0 over the past 3 years. 878.7 845.8 878.7 671.3 643.0 643.0 2016 2017 2018 2019 2020 2021 Countryside Properties PLC EPS Diluted (New)'s cumulative annualized Current: -0.01 Median: 0.26 High: 0.37 Low: -0.05 CAGR: 0.0% EPS growth rate over the 0.45 0.45 charted period is 0.0%. This 0.37 0.33 compares to cumulatative 0.28 0.26 0.28 annualized growth of -100.0% over the past 3 years. 0.14 0.11 0.11 -0.01 -0.07 -0.07 2016 2017 2018 2019 2020 2021

Net Profit Margin % Countryside Properties PLC (New)'s net profit margin of Current: -0.41 Median: 13.65 High: 14.51 Low: -0.41 CAGR: -0.1% -0.4% is 11.8% below the 15.3 15.3 period's mean net margin of Mean (11.35) 11.3%. During the charted 9.8 9.8 period, the observed net profit margin high and low were 4.3 4.3 14.5% and -0.4% respectively.

-1.2 -1.2 2016 2017 2018 2019 2020 2021 Countryside Properties PLC Return on Equity % (New)'s return on equity of Current: -0.40 Median: 19.90 High: 38.80 Low: -0.40 CAGR: -0.1% -0.4% is 18.6% below the 40.8 40.8 period's mean return on equity of 18.2%. During the charted 26.4 26.4 period, the observed ROE Mean (18.21) high and low were 38.8% and -0.4% respectively. 12.0 12.0

-2.4 -2.4 2016 2017 2018 2019 2020 2021

Consumer Discretionary/Home Construction Price: 514.50 GBX Report Date: September 24, 2021 Valuation Metrics

5-Year 10-Year 5-Year 10-Year Current Median Median Current Median Median

Price / EPS TTM 99.9 14.1 Earnings Yield % -0.17 7.30

Price / Sales 2.6 1.6 Free Cash Flow Yield % 0.00 0.66

Price / Operating Cash Flow 99.9 13.6 Dividend Yield % 0.00 3.06

Price / Book Value 2.5 2.0 Enterprise Value / EBITDA 50.0 14.5

Price / EPS TTM Countryside Properties PLC (New) is trading at 99.90 times Current: 99.90 Median: 14.10 High: 99.90 Low: 7.77 CAGR: 36.1% its EPS generated during the 104.5 104.5 latest fiscal year. This multiple is above the historically 70.7 70.7 observed median of 14.10, while high and low observations have been 99.90 36.9 36.9 and 7.77. Median (14.10) 3.2 3.2 2016 2017 2018 2019 2020 2021 Price / Sales Countryside Properties PLC (New) is trading at a Price to Current: 2.62 Median: 1.60 High: 2.89 Low: 1.08 CAGR: 8.9% Sales ratio of 2.62 based on 2.98 2.98 sales generated during the latest fiscal year. This ratio is 2.32 2.32 above the historically observed median ratio of 1.60, while high and low observations 1.65 Median (1.60) 1.65 have been 2.89 and 1.08.

0.99 0.99 2016 2017 2018 2019 2020 2021 Countryside Properties PLC Price / Book Value (New) is trading at a Price to Current: 2.48 Median: 2.04 High: 49.90 Low: 1.35 CAGR: -45.2% Book ratio of 2.48 based on 52.3 52.3 book value at the latest fiscal year end. This ratio is above the historically observed 34.5 34.5 median of 2.04, while high and low observations have been 16.7 16.7 49.90 and 1.35.

Median (2.04) -1.1 -1.1 2016 2017 2018 2019 2020 2021 Countryside Properties PLC Free Cash Flow Yield % (New) has a Free Cash Flow Current: 0.00 Median: 0.66 High: 6.52 Low: 0.00 CAGR: 0.0% Yield of 0.00% based on free 6.8 6.8 cash flow generated during the latest fiscal year. This value is below the historically observed 4.5 4.5 median yield of 0.66%, while high and low observations 2.1 2.1 have been 6.52 and 0.00. Median (0.66) -0.3 -0.3 2016 2017 2018 2019 2020 2021

Consumer Discretionary/Home Construction Price: 514.50 GBX Report Date: September 24, 2021 Dividends Data

Dividends Per Share TTM 0.00 Payout Ratio TTM % 0.00% Dividend Yield TTM % 0.00%

Rate Ex Date Record Date Payment Date Currency Note 0.103 19-12-2019 20-12-2019 07-02-2020 GBP FINAL GROSS 0.060 23-05-2019 24-05-2019 05-07-2019 GBP INTERIM GROSS 0.066 20-12-2018 21-12-2018 08-02-2019 GBP FINAL GROSS 0.042 24-05-2018 25-05-2018 06-07-2018 GBP INTERIM GROSS 0.050 21-12-2017 22-12-2017 09-02-2018 GBP FINAL GROSS 0.034 01-06-2017 02-06-2017 07-07-2017 GBP INTERIM GROSS 0.034 12-01-2017 13-01-2017 03-02-2017 GBP FINAL GROSS

Dividend Growth and Yield

Dividends Per Share TTM Countryside Properties PLC (New)'s trailing 12-month Current: 0.00 Median: 0.10 High: 0.16 Low: 0.00 CAGR: 0.0% dividend per share is 0.00 and 0.17 0.17 its dividend has grown at a cumulative annualized rate of 0.14 0.14 0.0% over the charted period. This compares to dividend 0.11 0.11 growth of -100.00% over the past year and cumulative annualized growth of 0.08 0.08 -100.00% over the past 3 years. 0.05 0.05

0.02 0.02

-0.01 -0.01 2016 2017 2018 2019 2020 2021

Dividend Yield TTM % Countryside Properties PLC (New)'s current dividend yield Current: 0.00 Median: 3.06 High: 6.01 Low: 0.00 CAGR: 0.0% is 0.00% based on trailing 12 6.31 6.31 month dividends. The current yield is below the historically 5.21 5.21 observed median of 3.06% and, over the charted time 4.11 4.11 period, the observed high yield has been 6.01% and the observed low yield has been 3.01 3.01 0.00%.

1.90 1.90

0.80 0.80

-0.30 -0.30 2016 2017 2018 2019 2020 2021

Consumer Discretionary/Home Construction Price: 514.50 GBX Report Date: September 24, 2021 ICB Subsector Peer Comparisons

Price Change Year to Date % Price Change Last Calendar Year % -5.8 4.1 14.0 23.9 33.8 -36.0 -25.9 -15.7 -5.6 4.5

Glenveagh Properties Plc 32.0 Countryside Properties PLC (New) 2.7 Vistry Group PLC 30.4 Persimmon PLC 2.7 Redrow Plc 21.4 Glenveagh Properties Plc -1.6 Crest Nicholson Holdings PLC 21.4 Berkeley Group Holdings Plc -2.4 Bellway PLC 15.3 Barratt Developments plc -10.3 Peer Group Average 12.4 Peer Group Average -13.5 Countryside Properties PLC (New) 10.1 Taylor Wimpey Plc -14.3 Cairn Homes Plc 5.0 Bellway PLC -22.4 Barratt Developments plc 1.7 Redrow Plc -23.3 Berkeley Group Holdings Plc 0.2 Cairn Homes Plc -23.9 Taylor Wimpey Plc -0.2 Crest Nicholson Holdings PLC -24.5 Persimmon PLC -0.7 Vistry Group PLC -30.8 -5.8 4.1 14.0 23.9 33.8 -36.0 -25.9 -15.7 -5.6 4.5

Price / EPS TTM Price / Book Value 0.0 26.1 52.2 78.4 104.5 0.0 2.2 4.4 6.6 8.8

Countryside Properties PLC (New) 99.9 Berkeley Group Holdings Plc 8.4 Crest Nicholson Holdings PLC 99.9 Persimmon PLC 2.5 Berkeley Group Holdings Plc 66.0 Countryside Properties PLC (New) 2.5 Peer Group Average 36.5 Peer Group Average 2.2 Glenveagh Properties Plc 28.3 Taylor Wimpey Plc 1.6 Bellway PLC 21.8 Redrow Plc 1.5 Redrow Plc 21.2 Barratt Developments plc 1.4 Barratt Developments plc 17.5 Vistry Group PLC 1.4 Persimmon PLC 13.8 Bellway PLC 1.4 Cairn Homes Plc 12.6 Glenveagh Properties Plc 1.4 Vistry Group PLC 12.1 Crest Nicholson Holdings PLC 1.2 Taylor Wimpey Plc 8.0 Cairn Homes Plc 1.0 0.0 26.1 52.2 78.4 104.5 0.0 2.2 4.4 6.6 8.8

EPS 5-Year Growth Rate % Revenue 5-Year Growth Rate % -117.4 -83.4 -49.4 -15.4 18.6 -5.5 -1.4 2.8 6.9 11.1

Taylor Wimpey Plc 12.4 Countryside Properties PLC (New) 10.3

Vistry Group PLC 5.3 Taylor Wimpey Plc 10.1

Berkeley Group Holdings Plc 4.4 Vistry Group PLC 6.9

Persimmon PLC 3.7 Bellway PLC 4.7

Barratt Developments plc -2.7 Peer Group Average 3.8

Redrow Plc -5.9 Redrow Plc 3.1

Bellway PLC -7.5 Persimmon PLC 2.8

Peer Group Average -21.1 Berkeley Group Holdings Plc 1.5

Countryside Properties PLC (New) -100.0 Barratt Developments plc -1.9

Crest Nicholson Holdings PLC -100.0 Crest Nicholson Holdings PLC -3.4

-117.4 -83.4 -49.4 -15.4 18.6 -5.5 -1.4 2.8 6.9 11.1

Consumer Discretionary/Home Construction Price: 514.50 GBX Report Date: September 24, 2021 Abbreviations: CAGR - Cumulative annual growth rate. EBIT - Earnings before interest and taxes. EBITDA - Earnings before interest, taxes, depreciation & amortization. LFY - Last fiscal year M - Million LON - London Stock Exchange

Definitions: Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor. Revenue - Sum of the last four quarters of Revenues. Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding. Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value. 60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares. Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices. Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices. Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices. Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices. 50-Day Average Price - Mean of last 50 daily closing prices. 200-Day Average Price - Mean of last 200 daily closing prices. Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage. Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage. Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14 days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought. Price Volatility - The standard deviation of the last 20 days of daily closing prices. Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same series. Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only negative volatility weighs in. Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share. Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM. Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price. EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization). Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from the Cash Flow Statement. Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter. Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues. EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues. Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues. Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share. Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value. Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share. Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share. Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9). Price / Sales - Weekly Price divided by Revenues Per Share TTM. Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by Shares Outstanding last quarter (capped at 49.9). Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price. Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year. Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue. Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM. Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income. Enterprise Value / Free Cash Flow- Enterprise Value divided by the sum of the last four quarters of Free Cash Flow. Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe. EPS 5-Year Growth Rate % is capped at 999.9%. Revenue 5-Year Growth Rate % is capped at 999.9%.

Consumer Discretionary/Home Construction Price: 514.50 GBX Report Date: September 24, 2021

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