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Croda International PLC (CRDA) Fair Value & Analysis

Basic Materials · GB · Market cap 4.1B GBX · ISIN GB00BJFFLV09

What is Croda International PLC really worth?

CI Croda International PLC CRDA · LSE
Price£32.96
Fair Value£13.55
Upside−58.9%
Quality59/100

A solid business, but trading 143% above our fair value of £13.55.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +4.1 %/yr)
!Thin margins · 3.7% net margin
!Trails peers (3/15)
!Narrow moat 29/100
!Weak on future: 20 out of 100
!Weak on past: 12 out of 100

For context

·3.37% dividend yield
Evidence: High Range £10.16 – £16.94

Fair value as of: Aug 30, 2026

From 25 valuation models · updated 6 days ago

Fair value updated Aug 30, 2026, revised from £7.56 to £13.55 (+79.2%) since Aug 27, 2026. Share price +0.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (£16.94). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

£92.23 £23.54 Fair Value £13.55 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.

How to read this chart

60‑month range £23.54 – £92.23 · fair‑value band £10.16 – £16.94 · the £32.96 price screens above the £13.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.

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Analysis

Croda International PLC (CRDA) currently trades at £32.96, while our model-based Fair Value estimate is £13.55, implying the stock looks roughly 143.2% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bull case: the Growth DCF group reads highest at a median of £15.78 per share, and 0 of the 25 models we run sit above the £32.96 price. Bear case: the Growth Earnings group reads lowest at £6.33, and 25 of the 25 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Croda International PLC generated revenue of £1.7B at a net margin of 3.7%. Revenue grew 3.9% year over year. It earns a return on equity of 2.9%. Net debt stands at £524M. Fundamentals as of Aug 30, 2026

Our scenario range runs from £10.16 (bear case) to £16.94 (bull case); at £32.96, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at −58% fair-value upside, at −59%, CRDA screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF £10.49 £15.94 £23.47 77
Growth DCF £10.79 £15.78 £22.35 76
EPV £12.05 £14.29 £16.22 74
All 25 models by family
DCF Models
FCF DCF £10.49 £15.94 £23.47 77
Owner Earnings £3.84 £6.42 £9.98 73
5Y Revenue Exit £10.12 £16.51 £24.41 70
5Y EBITDA Exit £13.83 £23.17 £33.67 72
5Y P/E Exit £5.70 £8.60 £11.44 69
10Y Revenue Exit £9.79 £15.45 £22.52 64
10Y EBITDA Exit £12.42 £19.87 £29.17 66
10Y P/E Exit £7.43 £10.20 £13.22 63
Earnings-Based
Graham-Dodd £3.03 £7.46 £9.67 63
PEG = 1.0 £1.35 £1.93 £2.50 55
EPV £12.05 £14.29 £16.22 74
Dividend Discount
Gordon GGM £9.76 £17.39 £26.86 65
DDM Multi-Stage £9.76 £14.47 £19.38 65
Multiples
P/E Multiple £5.67 £7.56 £9.45 63
P/S Multiple £5.67 £7.56 £9.45 58
P/B Multiple £5.67 £7.56 £9.45 55
EV/EBIT £16.23 £22.35 £28.47 66
EV/EBITDA £18.35 £25.18 £32.01 67
EV/Revenue £10.67 £16.16 £21.65 53
Asset-Based
NCAV (Graham) £7.85 £10.52 £15.69 54
Growth DCF
Growth DCF £10.79 £15.78 £22.35 76
Rev-Margin DCF £10.12 £16.63 £23.70 70
Economic Profit
Residual Income £11.25 £10.99 £9.17 74
ROIC Compounder £12.05 £14.29 £16.59 70
Growth Earnings
Growth-Adj P/E £4.43 £6.33 £8.23 65

Widest divergence: Growth DCF (£15.78) versus Growth Earnings (£6.33). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 74.9
P/S ratio 2.73 P/E × margin
EPS (TTM) £0.4400 price ÷ EPS = P/E 74.9
Dividend yield 3.4%
Net margin 3.6% FY2025
Return on equity 2.9% TTM
More key figures
Profitability
Return on assets (EBIT) 9.4% avg 5y
Operating margin −1.9% TTM
Growth
Revenue (TTM) £1.7B TTM
Revenue growth (YoY) +3.9% 3y avg −6.7%
EPS growth (YoY) −99.0%
Balance sheet & cash flow
Free cash flow 172M GBX FY2025
Net debt 524M GBX FY2025 · ≈ 3.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 72

Profitability 28
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company offers consumer care products across beauty care, beauty actives, and home care products, as well as fragrances and flavours.

Full company description

Croda International Plc engages in the consumer care, life science, and industrial specialty businesses in Europe, the Middle East, Africa, North America, Asia, and Latin America. The company offers consumer care products across beauty care, beauty actives, and home care products, as well as fragrances and flavours. It also provides biologics drug delivery, crop protection, and seed coating systems and enhancement technologies to improve germination. In addition, the company offers industrial specialties, including phase change materials; surfactants, such as emulsifiers, dispersants, wetting agents, detergents, and polymerics; and formulated textile and spin finishes. Croda International Plc was incorporated in 1925 and is headquartered in Goole, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Croda International PLC reported revenue of £1.7B in FY2025 versus £1.9B in FY2021, a compound −2.6%/yr. Reported net income was £62.0M in FY2025, compounding −33.7%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
£1.7B
Latest YoY
+4.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−6.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.1%
Avg. revenue growth/yr (40Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−4.2% (−7.6 + 3.4)
Revenue −2.6%/yr
FY21 £1.9B
FY22 £2.1B
FY23 £1.7B
FY24 £1.6B
FY25 £1.7B
Net income −33.7%/yr
FY21 £321M
FY22 £649M
FY23 £171M
FY24 £159M
FY25 £62.0M
Character of growth · EPS growth decomposed (2014-2025) −4.4 % p.a.
Revenue per share +3.6 %

of which total revenue +4.5 % · buybacks/dilution −0.9 %

EBIT margin −5.2 %
Tax rate +0.3 %
Residual (interest, one-offs) −3.0 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

CRDA screens 143% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Croda International PLC Fair Value". https://www.fairvalue-calculator.com/stock/CRDA

Peer Group

Specialty Chemicals · 695 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside −59% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) −2% · Bottom 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 3.4% · Top 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 74.9× · Pricier than 75% of peers
P/B 2.52× · Pricier than median
P/S (TTM) 3.25× · Pricier than 75% of peers
P/FCF 32.1× · Pricier than 75% of peers
EV/EBITDA 24.8× · Pricier than 75% of peers
PEG 0.41× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE20 · sector 20
PAST12 · sector 23
HEALTH89 · sector 95
DIVIDEND67 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $485.35 $222.03 −54%
The Sherwin-Williams Company SHW $344.86 $143.38 −58%
Ecolab Inc ECL $286.75 $96.18 −66%
Air Products and Chemicals, Inc APD $308.09 $122.14 −60%
Givaudan SA GIVN CHF 3,282 CHF 1,498 −54%
Wanhua Chemical Group 600309 ¥77.66 ¥68.03 −12%
500820 500820 ₹2,757 ₹557.43 −80%
Novozymes A/S NSISB kr 456.40 kr 169.99 −63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 −74%
PPG Industries, Inc PPG $114.22 $71.31 −38%

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Frequently asked questions

Is Croda International PLC (CRDA) overvalued or undervalued?
As of Aug 30, 2026, our model estimates a fair value of £13.55 versus a price of £32.96, about −59% upside (overvalued).
What is the fair value of CRDA?
Our model-based fair value for Croda International PLC is £13.55 (as of Aug 30, 2026), built from audited fundamentals. The current price: £32.96.
What is the quality score of CRDA?
Croda International PLC has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Croda International PLC (CRDA)?
Croda International PLC reported trailing-twelve-month revenue of about £1.7B (latest available figure, as of Aug 30, 2026).
What is the net profit margin of CRDA?
The net profit margin of Croda International PLC is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Croda International PLC pay a dividend?
Croda International PLC currently shows a dividend yield of about 3.37% relative to its recent price (as of Aug 30, 2026).
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