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Croma Security Solutions Group (CSSG) Fair Value & Analysis

Industrials · GB · Market cap 9.4M GBX

CS Croma Security Solutions Group CSSG · LSE
Price£0.6850
Fair Value£1.03
Upside+50.4%
Quality59/100
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Weak Growth
Thin margins · 6.6% net margin
Low debt · negative free cash flow
3.50% dividend yield
Ranks above peers (9/13)
Narrow moat 34/100
Evidence: High Range £0.8600 – £1.25 Share as image

Fair value as of: Jul 11, 2026

From 17 valuation models · updated 30 days ago

Share price +2.2% over the past month.

A solid business, screening 50% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (£0.8600). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

£0.8873 £0.3847 Fair Value £1.03 Sep 2019 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range £0.3847 – £0.8873 · fair‑value band £0.8600 – £1.25 · the £0.6850 price screens below the £1.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Croma Security Solutions Group (CSSG) currently trades at £0.6850, while our model-based Fair Value estimate is £1.03, implying the stock looks roughly 50.4% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Croma Security Solutions Group generated revenue of £10.0M at a net margin of 6.6%. Revenue grew 9.0% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of £3.8M. Fundamentals as of Jul 11, 2026

Our scenario range runs from £0.8600 (bear case) to £1.25 (bull case); at £0.6850, the current price sits below 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 Industrials peers we cover trades at 10% fair-value upside, at 50%, CSSG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Residual Income £0.7900 £0.7700 £0.6500 76
ROIC Compounder £0.5900 £0.6300 £0.6500 72
Gordon GGM £0.1600 £0.2700 £0.3500 70
All 17 models by family
DCF Models
Owner Earnings £0.3500 £0.3700 £0.3900 31
Earnings-Based
Graham-Dodd £0.3900 £1.25 £1.67 54
Lynch FV £0.2800 £0.4000 £0.5100 50
PEG = 1.0 £0.2800 £0.4000 £0.5100 46
EPV £0.5900 £0.6300 £0.6500 59
Dividend Discount
Gordon GGM £0.1600 £0.2700 £0.3500 70
DDM Multi-Stage £0.1600 £0.2400 £0.2900 61
Multiples
P/E Multiple £0.8600 £1.14 £1.43 63
P/S Multiple £0.7300 £0.9700 £1.21 58
P/B Multiple £0.7300 £0.9700 £1.21 55
EV/EBIT £0.9000 £1.09 £1.29 53
EV/EBITDA £1.14 £1.41 £1.69 54
EV/Revenue £0.7100 £0.8800 £1.05 43
Asset-Based
NCAV (Graham) £0.5700 £0.7700 £1.14 50
Economic Profit
Residual Income £0.7900 £0.7700 £0.6500 76
ROIC Compounder £0.5900 £0.6300 £0.6500 72
Growth Earnings
Growth-Adj P/E £0.7200 £1.03 £1.34 68

Widest divergence: Growth Earnings (£1.03) versus Dividend Discount (£0.2400). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 10.0M GBX
Revenue growth (YoY) +9.0%
Net margin 6.6%
Return on equity 4.3%
Free cash flow −656K GBX FY2025
P/E ratio 13.5
More key figures
Operating margin 3.4%
EPS (TTM) £0.0500
Dividend yield 3.6%
EPS growth (YoY) -40.0%
Net cash 3.8M GBX FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 51

Profitability 37
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 91
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.

About the company

Croma Security Solutions Group plc provides security services in the United Kingdom. The company operates through Croma Locksmiths; and Croma Fire and Security segments. The Croma Locksmiths segment supplies, installs, and maintains locks, padlocks, keys, safes, ironmongery, UPVC mechanisms, security shutters, grilles, and doors.

Full company description

Croma Security Solutions Group plc provides security services in the United Kingdom. The company operates through Croma Locksmiths; and Croma Fire and Security segments. The Croma Locksmiths segment supplies, installs, and maintains locks, padlocks, keys, safes, ironmongery, UPVC mechanisms, security shutters, grilles, and doors. The Croma Fire and Security segment designs, supplies, installs, monitors, and maintains intruder alarms systems, CCTV, security, fire and life safety systems, access control systems, perimeter detection systems, barriers, gates, bollards, and automatic doors/shutters. It also offers range of electronic security solutions and services to commercial and individual customers. Croma Security Solutions Group plc was formerly known as Croma Group plc and changed its name to Croma Security Solutions Group plc in March 2012. The company was incorporated in 1996 and is headquartered in Whiteley, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Croma Security Solutions Group reported revenue of £9.6M in FY2025 versus £32.5M in FY2021, a compound −26.2%/yr. Reported net income was £786K in FY2025, compounding −5.3%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
£9.6M
Latest YoY
+10.3%
Avg. 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.
−35.1%
Avg. 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.
−21.5%
Avg. growth/yr (22Y) 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.
+21.1%
Revenue −26.2%/yr
FY21 £32.5M
FY22 £35.2M
FY23 £8.0M
FY24 £8.7M
FY25 £9.6M
Net income −5.3%/yr
FY21 £977K
FY22 £63.0K
FY23 £3.7M
FY24 £543K
FY25 £786K
Character of growth · EPS growth decomposed (2014-2025) +23.4 % p.a.
Revenue per share −5.8 pp

of which total revenue −6.8 pp · buybacks/dilution +1.0 pp

EBIT margin +13.7 pp
Tax rate −1.0 pp
Residual (interest, one-offs) +16.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Croma Security Solutions Group Fair Value". https://www.fairvalue-calculator.com/stock/CSSG

Peer Group

Security & Protection Services · 114 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 +50% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth 9% · Above median
Dividend yield (TTM) 3.5% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Security & Protection Services median · lower = cheaper

P/E (TTM) 13.7× · Cheaper than 75% of peers
P/B 0.81× · Cheaper than median
P/S (TTM) 1.27× · Pricier than median
EV/EBITDA 9.8× · Cheaper than median

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.

VALUE 100 · sector 19
FUTURE 45 · sector 39
PAST 17 · sector 20
HEALTH 100 · sector 99
DIVIDEND 70 · sector 49

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

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ASSA ABLOY AB ASSAB kr 348.40 kr 269.97 -23%
Verisure plc VSURE €10.26 €12.40 +21%
Allegion plc ALLE $137.24 $127.80 -7%
Securitas AB SECUB kr 162.10 kr 186.34 +15%
Zhejiang Dahua Technology Co 002236 ¥16.57 ¥23.58 +42%
MSA Safety Incorporated MSA $169.00 $118.51 -30%
ADT Inc ADT $7.06 $17.10 +142%
The Brink's Company BCO $104.24 $101.84 -2%
Brady Corporation BRC $90.16 $73.43 -19%
The GEO Group GEO $29.46 $32.36 +10%

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Frequently asked questions

Is Croma Security Solutions Group (CSSG) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of £1.03 versus a price of £0.6850, about +50% (undervalued).
What is the fair value of CSSG?
Our model-based fair value for Croma Security Solutions Group is £1.03 (as of Jul 11, 2026), built from audited fundamentals. The current price is £0.6850.
What is the quality score of CSSG?
Croma Security Solutions Group 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 Croma Security Solutions Group (CSSG)?
Croma Security Solutions Group reported trailing-twelve-month revenue of about £10.0M (latest available figure, as of Jul 11, 2026).
What is the net profit margin of CSSG?
The net profit margin of Croma Security Solutions Group is about 6.6%, meaning it keeps roughly 6.6% of revenue as net income. Based on the latest reported figures.
Does Croma Security Solutions Group pay a dividend?
Croma Security Solutions Group currently shows a dividend yield of about 3.56% relative to its recent price (as of Jul 11, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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