GrowingGrass.
Companies
All company profiles

CRWN — Crown Paints Kenya Plc

Graham's number is √(22.5 × EPS × BVPS): a P/E ceiling of 15 times a P/B ceiling of 1.5, applied to one year's earnings and book value. The Graham number primer works through it. It is a computation, not a recommendation.

Tests: Graham's criteria for industrial companies. Crown Paints manufactures and sells decorative and industrial paints, adhesives and coatings in Kenya and across the region through its subsidiaries, so Graham's industrial tests apply: sales for size, and the current ratio and long-term debt against working capital for strength. Per-share figures rest on 142,362,000 ordinary shares of KShs 5 each, which reconciles with the share capital of 711,810k and with the NSE par value of 5.00. The group reports no non-controlling interests, so all equity is attributable to owners. The balance sheet leans on short-term funding — overdraft, bank loans and short-term notes all sit in current liabilities — which is what holds the current ratio below Graham's minimum even though long-term debt is small.

six months to 30 Jun 2026

Interim: six months to 30 Jun 2026, unaudited. Earnings use the trailing twelve months to Jun 2026, built from reported half-year and full-year figures. Every test below is flagged interim and will be replaced when the full year is published.

Showing FY2026

√(22.5 × 7.00 × 29.04) = 67.63

The Graham number for the twelve months to Jun 2026, from trailing-twelve-month EPS and BVPS at the period end. Tap a figure below for its source and date.

Discount to Graham number: +9.1% at the results-day price of 61.50. Positive means the price was below the Graham number; negative means above.

The figures

Per share (KES)

Earnings (EPS) (6 months)
3.41

basic and diluted, a six-month figure and not annualised: profit for the period of 486m over 142,362,000 shares gives 3.41. Profit before tax rose to 688m from 548m and revenue grew 13% on higher sales volumes; the board does not recommend an interim dividend · basic · Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of profit or loss and other comprehensive income, p.1 · 14 Aug 2026

Book value (BVPS)
29.04

share capital 712m and reserves 3,422m; the group reports no non-controlling interests, so the whole of equity is attributable to owners. The half-year statement is presented in KES millions, so the book value is to the nearest million. No interim dividend was recommended · attributable · computed: total equity 4,134m ÷ 142,362,000 shares, Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of financial position, p.1 · 14 Aug 2026

Dividend (DPS)
Not compiled
Price on results day
61.50

NSE daily price list VWAP, the exchange's official end-of-day price. The company secretary dated the release 14 Aug 2026 and the PDF was created that day at 12:14, before the 15:00 close, so the release day itself is used · NSE daily price list 2026-08-14, p.1, CONSTRUCTION & ALLIED · 14 Aug 2026

Size and balance sheet (KES m)

Revenue (6 months)
8,381.0

revenue from contracts with customers, up 13% from 7,412m, which the directors attribute to higher sales volumes as the group deepened its regional market presence · Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of profit or loss and other comprehensive income, p.1 · 14 Aug 2026

Current assets
7,898.0

Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of financial position, p.1 · 14 Aug 2026

Current liabilities
6,053.0

Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of financial position, p.1 · 14 Aug 2026

Long-term debt
447.0

all non-current liabilities, because the half-year summary does not break them out; an upper bound on long-term debt. At 31 Dec 2025 the non-current block of 462m was lease liability 302.8m, bank loans 152.4m and deferred tax 6.9m, so non-current borrowings were 152.4m · Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of financial position, p.1 · 14 Aug 2026

KES per US$
129.23

CBK daily exchange rates (mean) · 14 Aug 2026

Computed

EPS, trailing twelve months
7.00

attributable · computed: H1 FY2026 EPS 3.41 + FY2025 6.66 − H1 FY2025 3.07 · 22 May 2026

Revenue, trailing twelve months
16,962.7

computed: H1 FY2026 revenue 8,381.0m + FY2025 15,993.7m − H1 FY2025 7,412.0m · 22 May 2026

EPS, three-year average
Not compiled
P/E on three-year EPS
Not compiled
P/B
2.12

computed: price ÷ BVPS · 14 Aug 2026

Dividend yield
Not compiled
Current ratio
1.30

computed: current assets ÷ current liabilities · 14 Aug 2026

Price ÷ Graham number
0.91×

computed: price ÷ Graham number · 22 May 2026

Discount to Graham number
+9.1%

computed: (Graham number − price) ÷ Graham number · 22 May 2026

Graham's tests

  1. Adequate size

    Revenue of at least US$100m

    Interim
    Met
  2. Financial strength

    Current ratio of at least 2; long-term debt no more than working capital

    Interim
    Not met
  3. Earnings stability

    Positive EPS in each of the past 10 years

    Interim
    No result: data not compiled
  4. Dividend record

    A dividend paid in each of the past 20 years

    Interim
    No result: data not compiled
  5. Earnings growth

    EPS up at least one-third over 10 years, on three-year averages

    Interim
    No result: data not compiled
  6. Moderate P/E

    Price no more than 15 × three-year average EPS

    Interim
    No result: data not compiled
  7. Moderate P/B

    Price no more than 1.5 × BVPS, or P/E × P/B no more than 22.5

    Interim
    No result: data not compiled

Sources and notes

  • Book value (BVPS): attributable · computed: total equity 4,134m ÷ 142,362,000 shares, Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of financial position, p.1 · 14 Aug 2026 (share capital 712m and reserves 3,422m; the group reports no non-controlling interests, so the whole of equity is attributable to owners. The half-year statement is presented in KES millions, so the book value is to the nearest million. No interim dividend was recommended)
  • Price on results day: NSE daily price list 2026-08-14, p.1, CONSTRUCTION & ALLIED · 14 Aug 2026 (NSE daily price list VWAP, the exchange's official end-of-day price. The company secretary dated the release 14 Aug 2026 and the PDF was created that day at 12:14, before the 15:00 close, so the release day itself is used)
  • Current assets: Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of financial position, p.1 · 14 Aug 2026
  • Current liabilities: Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of financial position, p.1 · 14 Aug 2026
  • Long-term debt: Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of financial position, p.1 · 14 Aug 2026 (all non-current liabilities, because the half-year summary does not break them out; an upper bound on long-term debt. At 31 Dec 2025 the non-current block of 462m was lease liability 302.8m, bank loans 152.4m and deferred tax 6.9m, so non-current borrowings were 152.4m)
  • KES per US$: CBK daily exchange rates (mean) · 14 Aug 2026
  • EPS, 6 months to 2026-06-30: basic · Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of profit or loss and other comprehensive income, p.1 · 14 Aug 2026 (basic and diluted, a six-month figure and not annualised: profit for the period of 486m over 142,362,000 shares gives 3.41. Profit before tax rose to 688m from 548m and revenue grew 13% on higher sales volumes; the board does not recommend an interim dividend)
  • EPS, same 6 months a year earlier: basic · Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of profit or loss and other comprehensive income, p.1 · 14 Aug 2026 (six months to 30 Jun 2025 as printed in the 2026 statements; profit for that period was 437m)
  • Revenue, 6 months to 2026-06-30: Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of profit or loss and other comprehensive income, p.1 · 14 Aug 2026 (revenue from contracts with customers, up 13% from 7,412m, which the directors attribute to higher sales volumes as the group deepened its regional market presence)
  • Revenue, same 6 months a year earlier: Unaudited half year results for the period ended 30 Jun 2026, summary consolidated statement of profit or loss and other comprehensive income, p.1 · 14 Aug 2026 (revenue for the six months to 30 Jun 2025 as printed in the 2026 statements)

Disclaimer: This profile is published for educational purposes only and does not constitute financial advice. It presents reported company data and arithmetic derived from it — not a recommendation to buy, hold or sell. Investing in securities involves risk, including the possible loss of principal. Readers should conduct their own research and consult with a qualified financial advisor before making investment decisions.

Profile compiled 2026-09-25 from Crown Paints Kenya audited results for the year ended 31 Dec 2025 and the 2025 Annual Report & Financial Statements (crownpaints.co.ke), unaudited half year results for the period ended 30 Jun 2026 (issuer filing hosted by NSE, nse.co.ke), NSE daily price lists (nse.co.ke) and CBK daily exchange rates (centralbank.go.ke); primary sources only.