BARRATT DEVELOPMENTS PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 454.9 GBX | +1.36% |
|
+3.04% | -19.14% |
| 04-24 | No record close for FTSE 100; mixed trade in US | AN |
| 04-24 | No record close for FTSE 100; mixed trade in US | AN |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,802 | 5,032 | 7,070 | 4,671 | 4,021 | 4,409 | - | - |
| Enterprise Value (EV) 1 | 5,044 | 4,778 | 5,757 | 3,532 | 2,952 | 3,585 | 3,667 | 3,762 |
| P/E ratio | 7.92 x | 12.7 x | 10.9 x | 9.18 x | 7.86 x | 18.9 x | 14.4 x | 12 x |
| Yield | 8.1% | - | 4.23% | 8.07% | 8.15% | 3.27% | 4.17% | 5.17% |
| Capitalization / Revenue | 1.22 x | 1.47 x | 1.47 x | 0.89 x | 0.76 x | 1.07 x | 1.01 x | 0.93 x |
| EV / Revenue | 1.06 x | 1.4 x | 1.2 x | 0.67 x | 0.55 x | 0.87 x | 0.84 x | 0.79 x |
| EV / EBITDA | 5.55 x | 9.3 x | 6.22 x | 3.32 x | 3.36 x | 9.66 x | 7.96 x | 6.64 x |
| EV / FCF | 14.2 x | -37.2 x | 5.35 x | 9.11 x | 6.67 x | 28.6 x | 15.3 x | 17 x |
| FCF Yield | 7.02% | -2.69% | 18.7% | 11% | 15% | 3.49% | 6.53% | 5.87% |
| Price to Book | 1.19 x | 1.04 x | 1.3 x | 0.83 x | 0.72 x | 0.83 x | 0.78 x | 0.75 x |
| Nbr of stocks (in thousands) | 1,013,348 | 1,014,765 | 1,016,969 | 1,021,179 | 972,492 | 969,316 | - | - |
| Reference price 2 | 5.726 | 4.959 | 6.952 | 4.574 | 4.135 | 4.549 | 4.549 | 4.549 |
| Announcement Date | 04/09/19 | 02/09/20 | 02/09/21 | 07/09/22 | 06/09/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,763 | 3,419 | 4,812 | 5,268 | 5,321 | 4,133 | 4,383 | 4,733 |
| EBITDA 1 | 908.6 | 514 | 925.9 | 1,065 | 879.5 | 370.9 | 460.7 | 566.3 |
| EBIT 1 | 904.3 | 507.3 | 919 | 1,055 | 862.9 | 357 | 438.1 | 540.6 |
| Operating Margin | 18.99% | 14.84% | 19.1% | 20.02% | 16.22% | 8.64% | 10% | 11.42% |
| Earnings before Tax (EBT) 1 | 909.8 | 491.8 | 812.2 | 642.3 | 705.1 | 330.5 | 426.5 | 519.9 |
| Net income 1 | 740 | 399.7 | 659.8 | 515.1 | 530.3 | 236.8 | 311.3 | 372.3 |
| Net margin | 15.54% | 11.69% | 13.71% | 9.78% | 9.97% | 5.73% | 7.1% | 7.87% |
| EPS 2 | 0.7230 | 0.3890 | 0.6400 | 0.4980 | 0.5260 | 0.2401 | 0.3168 | 0.3791 |
| Free Cash Flow 1 | 354.1 | -128.5 | 1,075 | 387.7 | 442.4 | 125.1 | 239.5 | 220.8 |
| FCF margin | 7.43% | -3.76% | 22.34% | 7.36% | 8.31% | 3.03% | 5.46% | 4.67% |
| FCF Conversion (EBITDA) | 38.97% | - | 116.11% | 36.39% | 50.3% | 33.74% | 51.98% | 39% |
| FCF Conversion (Net income) | 47.85% | - | 162.94% | 75.27% | 83.42% | 52.84% | 76.93% | 59.32% |
| Dividend per Share 2 | 0.4640 | - | 0.2940 | 0.3690 | 0.3370 | 0.1486 | 0.1898 | 0.2352 |
| Announcement Date | 04/09/19 | 02/09/20 | 02/09/21 | 07/09/22 | 06/09/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2023 S1 |
|---|---|---|---|---|---|
| Net sales | 2,266 | 1,153 | 2,495 | 2,247 | - |
| EBITDA | - | - | - | - | - |
| EBIT 1 | - | 67.8 | 422.9 | 449.9 | 511.8 |
| Operating Margin | - | 5.88% | 16.95% | 20.02% | - |
| Earnings before Tax (EBT) 1 | - | 84.2 | - | 432.6 | 501.5 |
| Net income | - | - | - | 351 | - |
| Net margin | - | - | - | 15.62% | - |
| EPS | - | - | - | - | - |
| Dividend per Share | - | - | 0.0750 | - | - |
| Announcement Date | 05/02/20 | 02/09/20 | 04/02/21 | 09/02/22 | 08/02/23 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 758 | 254 | 1,313 | 1,139 | 1,069 | 825 | 743 | 647 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 354 | -129 | 1,075 | 388 | 442 | 125 | 240 | 221 |
| ROE (net income / shareholders' equity) | 15.7% | 8.48% | 14.5% | 15.3% | 11.9% | 4.84% | 5.78% | 6.98% |
| ROA (Net income/ Total Assets) | 10.5% | 5.78% | 9.2% | 6.57% | 6.54% | 3.76% | 4.19% | 4.75% |
| Assets 1 | 7,058 | 6,918 | 7,169 | 7,843 | 8,107 | 6,302 | 7,428 | 7,844 |
| Book Value Per Share 2 | 4.810 | 4.750 | 5.360 | 5.530 | 5.770 | 5.460 | 5.850 | 6.080 |
| Cash Flow per Share 2 | 0.3500 | -0.1200 | 1.050 | 0.4000 | 0.4600 | 0.2100 | -0.0800 | -0.0400 |
| Capex 1 | 7.2 | 7.5 | 7.2 | 29.9 | 23.1 | 14.6 | 12.9 | 14.1 |
| Capex / Sales | 0.15% | 0.22% | 0.15% | 0.57% | 0.43% | 0.35% | 0.29% | 0.3% |
| Announcement Date | 04/09/19 | 02/09/20 | 02/09/21 | 07/09/22 | 06/09/23 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
4.549
GBP
Average target price
5.422
GBP
Spread / Average Target
+19.20%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -19.14% | 5.49B | |
| -4.38% | 47.86B | |
| +10.25% | 23.94B | |
| +1.83% | 17.68B | |
| +13.06% | 14.58B | |
| +16.96% | 12.52B | |
| +0.30% | 6.2B | |
| +12.71% | 6.16B | |
| +7.89% | 6.11B | |
| +9.62% | 5.96B |
- Stock Market
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- Financials Barratt Developments PLC
