Crown Paints Kenya Plc (NSE: CRWN)

Updated: 5 May 2022

What is Crown Paints Kenya Plc

Crown Paints Kenya Plc is a paint manufacturing company based in Kenya. With its subsidiaries, the company is involved in the manufacture and sale of paints, decorating sundries, adhesives, polyvinyl acetate (PVA) emulsion, alkyd resins and tins.

The company has the most extensive dealer network in Kenya in both semi-urban and rural areas, including depots and Crown Décor World showrooms countrywide.

Crown Paints Kenya Plc operates through two segments, namely paints, which manufactures and sells paints, decorating sundries, PVA emulsion and alkyd resins producer, and adhesives, which manufactures and sells adhesives.

Crown Paints, also has an extensive range of wood paint and varnish products that help achieve modern, classic and timeless finishes for any furniture or home décor projects.

The Company is active on the Kenya, Uganda, Burundi, Southern Sudan, Congo and Rwanda markets.

The history of Crown Paints Kenya Plc dates back to 1958 and has since then grown into a company with an annual turnover of KSH. 9 billion in 2020, producing 3 million litres of paint per month and employing slightly less than 1,000 staff members.

Today, Crown Paints Kenya Plc has a diversified portfolio in more sectors of the value chain and renders the following services, namely decorative paints, intermediate products, road marking paints and thinners. Its decorative paints are used in residential houses, factories and public buildings for decoration and protection.

Its automobile paints are used for all forms of land and air transportation. Its road marking product is used to mark all roads and car parks. Its industrial and thinner products include coating systems for substrates in extreme temperature and hostile environments and chemically treated factory plants.

Crown Paints Kenya Plc ‘s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol CRWN.

Crown Paints Kenya Plc has its headquarters in Nairobi.

Crown Paints Kenya Plc forms part of the Chemical Manufacturing Industry and the Basic Materials Sector.

Crown paints Kenya

Crown Paints Kenya Plc Stock Performance

The current price for Crown Paints Kenya Plc stocks is 30.50 Kenyan Shilling (KES). The company has a total market capitalisation of 2.17B KES with a P/E ratio of 3.62 and earnings per share of 8.42 KES. A total of 71.2M shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Crown Paints Kenya Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Crown Paints Kenya Plc, analysts forecast further improved performance with market share growing as trading volumes increase.

Highlights of Crown Paints Kenya Plc in 2021

Crown Paints Kenya Plc started the year with a share price of 38.00 KES, but has since lost 19.7% in value on its price valuation, ranking 55th on the NSE where year-to-date performance is concerned.

Crown Paints Kenya Plc is currently the 41st most-traded stock on the NSE and it has experienced a total trading volume of more than 300,900 shares, which were finalized in 252 deals and were valued at a total of 9.36 million KES over three months, with an average of 4,776 shares in each trading session.

The highest volume shares traded on one single day was 39,400.

Crown Paints - How To Trade

How to buy Crown Paints Kenya Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participation daily. To buy, sell or trade Crown Paints Kenya Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, ” CRWN “.
  2. Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Nairobi Securities Exchange (NSE), was established in 1954 as Nairobi Stock Exchange, and is the leading stock exchange in East Africa. It offers world class trading facilities for both its local and foreign investors looking to gain exposure to the country’s rising economy.

The exchange is based in Nairobi, the capital of Kenya, which has one of the fastest-growing economies in Sub-Saharan Africa. The NSE operates under the jurisdiction of the Capital Markets Authority of Kenya. It is governed by a board of 11 directors.

In 2008, the NSE launched the NSE All-Share Index (NASI). The NASI is a market capitalization-weighted index comprising all listed securities, effectively, the benchmark index for the Kenyan stock market.

In 2011, in conjunction with FTSE International, the NSE introduced the FTSE NSE Kenya 15 and FTSE NSE Kenya 25 indices which are designed for the creation of index tracking funds and derivative products. The NSE 25 Share Index measures the top 25 companies.

Crown Paints Kenya Plc trades its equity on the Nairobi Securities Exchange (NSE) under the stock symbol CRWN.

Crown Paints Kenya Plc is a paint manufacturing company involved in the manufacture and sale of paints, decorating sundries, adhesives, polyvinyl acetate (PVA) emulsion, alkyd resins and tins.

Crown Paints Kenya Plc forms part of the Chemical Manufacturing Industry and the Basic Materials Sector.

At the time of writing, the current price of Crown Paints Kenya Plc shares was 30.50 KES.

Yes, Crown Paints Kenya Plc ‘s forecast indicates that the product has seen Group revenue grow by 25% compared to a growth of 10% for the comparable June period in 2020. The covid-19 containment measures continue to negatively impact the cost of production as well as an increase in the cost of raw materials and transport cost.

The total indicative share trading liquidity for Crown Paints Kenya Plc in the past 12 months, as of 5th August 2021, is US$399.43K (KES43.39M). An average of US$33.29K (KES3.62M) per month.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .