Upcoming Dividend • May 28
Upcoming dividend of UK£0.11 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 30 June 2026. The company is paying out more than 100% of its profits and is paying out 84% of its cash flow. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (2.6%). Recent Insider Transactions Derivative • Apr 26
CEO & Executive Director exercised options and sold UK£136k worth of stock On the 21st of April, Mark Smith exercised options to acquire 35k shares at no cost and sold these for an average price of UK£3.90 per share. This trade did not impact their existing holding. For the year to December 2019, Mark's total compensation was 58% salary and 42% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2025, Mark's direct individual holding has increased from 196.20k shares to 201.37k. Company insiders have collectively sold UK£600k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Apr 23
Dividend reduced to UK£0.11 Dividend of UK£0.11 is 56% lower than last year. Ex-date: 4th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (52% earnings payout ratio) but not covered by cash flows (192% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 149% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Apr 22
Price target increased by 36% to UK£5.15 Up from UK£3.80, the current price target is provided by 1 analyst. New target price is 29% above last closing price of UK£4.00. Stock is up 7.4% over the past year. The company is forecast to post earnings per share of UK£0.45 for next year compared to UK£0.10 last year. Reported Earnings • Apr 21
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: UK£0.10 (down from UK£0.66 in FY 2024). Revenue: UK£95.7m (down 15% from FY 2024). Net income: UK£1.33m (down 84% from FY 2024). Profit margin: 1.4% (down from 7.3% in FY 2024). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£50.9m market cap, or US$68.8m). Announcement • Apr 01
Billington Holdings Plc to Report Fiscal Year 2025 Results on Apr 21, 2026 Billington Holdings Plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 21, 2026 Price Target Changed • Feb 25
Price target decreased by 25% to UK£3.80 Down from UK£5.10, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of UK£3.93. Stock is down 15% over the past year. The company is forecast to post earnings per share of UK£0.021 for next year compared to UK£0.66 last year. Announcement • Feb 04
Billington Holdings Plc Appoints Sharon Daly As Independent Non-Executive Director And Chair Of The Remuneration Committee, Effective February 2, 2026 Billington Holdings Plc announced the appointment of Sharon Daly as an Independent Non-Executive Director and Chair of the Remuneration Committee, effective February 2, 2026. Sharon Daly has over 25 years' experience within various industries, with a focus on commercial operations. She was Co-Founder and Chief Commercial Officer of Venture Life Group Plc, an international consumer healthcare business quoted on the AIM market of the London Stock Exchange. Sharon Daly currently holds Independent Non-Executive roles with three AIM quoted companies: Brickability Group Plc, Warpaint London Plc, and Gear4music (Holdings) Plc. She has extensive Remuneration, Audit and Nomination Committee experience and serves on the Audit and Remuneration Committees of all three entities. She also serves on the Nominations Committee and is Remuneration Chair at Brickability Group Plc. Sharon Mary Daly (nee Collins), age 51, has held historic directorships in the previous 5 years including Bioksomes S.r.l., HL Healthcare Limited, Kullgren Holding AB, Lubatti Limited, MD Manufacturing B.V., Nelie B.V., Periproducts Limited, Pharmasource B.V., Rolf Kullgren AB, Venture Life Group Plc, Venture Life Healthcare Limited, Venture Life Limited, and Venture Life Manufacturing (Sweden) AB. Announcement • Nov 26
Billington Holdings Plc Announces Closure of the Yate Facility Billington Holdings Plc announced, further to the announcement on 14 October 2025, that the Company has now completed the evaluation of a number of options regarding the restructuring of its structural steel operations and has concluded that the Group's Yate facility in Bristol will be closed. The Group's structural steel operations will therefore be consolidated at Billington's Wombwell and Shafton sites in Barnsley, local to all other Group operations. Following the previously announced consultation with the affected employees at Yate, which has now concluded, a proportion of them will be transferred to the Group's Barnsley facilities in early 2026. In addition, new staff have joined the Group at the two Barnsley facilities and a further expansion of night shifts will mitigate the loss of capacity at Yate. The Yate production facility will largely cease operation by the end of 2025 with the technical office, located at Yate, remaining unaffected. The consolidation at Barnsley will provide the Group with the flexibility to more closely align operational capacity with market demand, together with reducing overheads and delivering significant cost and operational efficiencies. Recent capital investments at the two Barnsley facilities have allowed for an increase in productive output and the transfer of machinery from Yate will reduce the requirement for future capital expenditure. The Company will now also explore options to maximise the value of the Yate site. Major Estimate Revision • Oct 01
Consensus revenue estimates fall by 20% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from UK£115.0m to UK£92.5m. EPS estimate fell from UK£0.405 to UK£0.188 per share. Net income forecast to shrink 69% next year vs 11% growth forecast for Construction industry in the United Kingdom . Consensus price target down from UK£5.10 to UK£3.80. Share price fell 19% to UK£2.80 over the past week. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to UK£2.80, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Construction industry in the United Kingdom. Total returns to shareholders of 50% over the past three years. Buy Or Sell Opportunity • Sep 30
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to UK£2.80. The fair value is estimated to be UK£3.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 24% in the next 2 years. Announcement • Sep 13
Billington Holdings Plc Announces Director Changes Billington Holdings Plc announce that Ian Dawson joined the Group in September 2025 as Billington Structures Technical Director and Jon Wright has been appointed as Billington Structures Production Director. Ian Dawson is widely recognised as one of the leading technical and engineering directors in the industry, leading significant projects over his 37 years in the structural steel sector. He joined Billington from a prominent UK steel fabricator, where he had spent 22 years, latterly as Design Director. He is a Chartered Engineer, as well as a Fellow of both the Institution of Structural Engineers and the Institution of Civil Engineers. Throughout his career, Ian has demonstrated exceptional leadership, particularly in recruiting and training graduate engineers. He has extensive experience in high-rise structures, stadia structures, tubular structures, long-span structures, and bridges. His expertise also includes the construction and temporary stability of complex structures, detailed design of steel connections, and the design of steel structures. Ian has been actively involved in industry representation, serving on the IStructE branch committee for Northern Counties and presenting technical lectures to various institutions and universities. He has also contributed to numerous high-profile projects, including the design and construction of the Shard, Heron Tower, 22 Bishopsgate and KGX1 Google headquarters. Jon Wright has been appointed to the role of Billington Structures Production Director. This appointment marks a significant milestone not only for Jon, but for the entire Billington Group, as we continue to build on our commitment to excellence within the construction industry. Jon's journey with Billington Structures began over 27 years ago, when he first joined the business in 1998 as a Fabrication Apprentice. From these early days, Jon demonstrated an exceptional work ethic and an eagerness to learn, quickly progressing through a variety of roles that allowed him to develop a deep understanding of the Group's operations. His career has seen him contribute as a key member of the site remedial team, support the business as Works Manager, and more recently, serve as Associate Director of Production. Announcement • Aug 04
Billington Holdings plc Announces Resignation of Lyndsey Scott as Non-Executive Director, Effective January 31, 2026 Billington Holdings Plc announced that Lyndsey Scott, Non-Executive Director, has informed the Board of her intention to step down. Lyndsey will remain in her position until a suitable successor has been identified, with a target transition date of 31 January 2026. Upcoming Dividend • May 29
Upcoming dividend of UK£0.25 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 38% and the cash payout ratio is 88%. Trailing yield: 6.0%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.0%). Recent Insider Transactions Derivative • May 09
CEO & Executive Director exercised options and sold UK£215k worth of stock On the 2nd of May, Mark Smith exercised options to acquire 59k shares at no cost and sold these for an average price of UK£3.62 per share. This trade did not impact their existing holding. For the year to December 2018, Mark's total compensation was 58% salary and 42% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Mark's direct individual holding has increased from 129.19k shares to 196.20k. Company insiders have collectively sold UK£377k more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Apr 17
Dividend of UK£0.25 announced Shareholders will receive a dividend of UK£0.25. Ex-date: 5th June 2025 Payment date: 1st July 2025 Dividend yield will be 7.3%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (86% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 38% over the next 2 years. However, it would need to fall by 58% to increase the payout ratio to a potentially unsustainable range. Price Target Changed • Apr 16
Price target decreased by 16% to UK£5.10 Down from UK£6.10, the current price target is provided by 1 analyst. New target price is 52% above last closing price of UK£3.35. Stock is down 30% over the past year. The company is forecast to post earnings per share of UK£0.41 for next year compared to UK£0.66 last year. Announcement • Apr 16
Billington Holdings Plc, Annual General Meeting, Jun 03, 2025 Billington Holdings Plc, Annual General Meeting, Jun 03, 2025. Location: billington holdings plc, steel house, barnsley road, barnsley, wombwell s73 8ds United Kingdom Reported Earnings • Apr 15
First half 2024 earnings released: EPS: UK£0.28 (vs UK£0.29 in 1H 2023) First half 2024 results: EPS: UK£0.28 (down from UK£0.29 in 1H 2023). Revenue: UK£57.9m (down 3.8% from 1H 2023). Net income: UK£3.45m (down 1.8% from 1H 2023). Profit margin: 6.0% (up from 5.8% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Construction industry in the United Kingdom are expected to grow by 4.7%. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to UK£3.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Construction industry in the United Kingdom. Total returns to shareholders of 72% over the past three years. New Risk • Apr 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£54.8m market cap, or US$70.5m). Announcement • Apr 03
Billington Holdings Plc to Report Fiscal Year 2024 Results on Apr 15, 2025 Billington Holdings Plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 15, 2025 Major Estimate Revision • Dec 12
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from UK£0.57 to UK£0.662. Revenue forecast unchanged at UK£125.0m. Net income forecast to shrink 25% next year vs 7.6% growth forecast for Construction industry in the United Kingdom . Consensus price target of UK£6.10 unchanged from last update. Share price rose 13% to UK£4.75 over the past week. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£4.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total returns to shareholders of 126% over the past three years. Reported Earnings • Sep 22
First half 2024 earnings released: EPS: UK£0.28 (vs UK£0.29 in 1H 2023) First half 2024 results: EPS: UK£0.28 (down from UK£0.29 in 1H 2023). Revenue: UK£57.9m (down 3.8% from 1H 2023). Net income: UK£3.45m (down 1.8% from 1H 2023). Profit margin: 6.0% (up from 5.8% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Billington Holdings Plc to Report First Half, 2024 Results on Sep 17, 2024 Billington Holdings Plc announced that they will report first half, 2024 results on Sep 17, 2024 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£4.85, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Construction industry in the United Kingdom. Total returns to shareholders of 85% over the past three years. Buy Or Sell Opportunity • Jun 06
Now 22% undervalued Over the last 90 days, the stock has risen 35% to UK£5.40. The fair value is estimated to be UK£6.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 88%. Revenue is forecast to grow by 1.9% in 2 years. Earnings are forecast to decline by 31% in the next 2 years. Upcoming Dividend • May 30
Upcoming dividend of UK£0.33 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 02 July 2024. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (3.2%). Recent Insider Transactions Derivative • Apr 23
CEO & Executive Director exercised options and sold UK£277k worth of stock On the 18th of April, Mark Smith exercised options to acquire 58k shares at no cost and sold these for an average price of UK£4.78 per share. This trade did not impact their existing holding. For the year to December 2017, Mark's total compensation was 69% salary and 31% non-salary. Since June 2023, Mark has owned 63.81k shares directly. Company insiders have collectively sold UK£485k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Apr 17
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: UK£0.84 (up from UK£0.39 in FY 2022). Revenue: UK£132.5m (up 53% from FY 2022). Net income: UK£10.3m (up 118% from FY 2022). Profit margin: 7.8% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 5.5%. Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Apr 16
Billington Holdings Plc, Annual General Meeting, Jun 04, 2024 Billington Holdings Plc, Annual General Meeting, Jun 04, 2024, at 13:00 Coordinated Universal Time. Location: Steel House, Barnsley Road, Wombwell Barnsley United Kingdom New Risk • Apr 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£54.5m market cap, or US$68.9m). Announcement • Apr 03
Billington Holdings Plc to Report Fiscal Year 2023 Results on Apr 16, 2024 Billington Holdings Plc announced that they will report fiscal year 2023 results on Apr 16, 2024 Buy Or Sell Opportunity • Mar 22
Now 35% overvalued The stock has been flat over the last 90 days, currently trading at UK£4.50. The fair value is estimated to be UK£3.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 51%. Revenue is forecast to grow by 19% in a year. Earnings are forecast to grow by 15% in the next year. Major Estimate Revision • Nov 16
Consensus EPS estimates increase by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from UK£115.0m to UK£125.0m. EPS estimate increased from UK£0.629 to UK£0.839 per share. Net income forecast to grow 15% next year vs 15% growth forecast for Construction industry in the United Kingdom. Consensus price target of UK£5.41 unchanged from last update. Share price rose 25% to UK£3.90 over the past week. Announcement • Nov 15
Billington Holdings plc Provides Earnings Guidance for the Year Ending 31 December 2023 Billington Holdings Plc provided earnings guidance for the year ending 31 December 2023. Consequently, the Group now expects revenue and profit before tax for the year ending 31 December 2023 to be ahead of previous market expectations. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£3.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Construction industry in the United Kingdom. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£3.10, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Construction industry in the United Kingdom. Total returns to shareholders of 12% over the past three years. Major Estimate Revision • Sep 26
Consensus EPS estimates increase by 24% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from UK£0.506 to UK£0.629. Revenue forecast unchanged at UK£115.0m. Net income forecast to shrink 2.7% next year vs 8.9% growth forecast for Construction industry in the United Kingdom . Consensus price target of UK£5.41 unchanged from last update. Share price fell 6.3% to UK£3.70 over the past week. New Risk • Sep 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£47.9m market cap, or US$59.3m). Reported Earnings • Sep 19
First half 2023 earnings released: EPS: UK£0.29 (vs UK£0.087 in 1H 2022) First half 2023 results: EPS: UK£0.29 (up from UK£0.087 in 1H 2022). Revenue: UK£60.2m (up 30% from 1H 2022). Net income: UK£3.52m (up 234% from 1H 2022). Profit margin: 5.8% (up from 2.3% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Billington Holdings Plc Appoints Lyndsey Scott as Independent Non-Executive Director Billington Holdings Plc announced that Lyndsey Scott will be appointed as an independent Non-Executive Director with effect from 1 September 2023.Lyndsey brings a wealth of HR and people management experience to the Group and has previously worked across a range of sectors, both in the UK and internationally. Lyndsey has experience as a Non-Executive Director as well as being a member of Remuneration, Audit and Nomination Committees with James Cropper Plc, an AIM traded company. Her position as a Non-Executive Director of Billington will include Lyndsey chairing the Company's Remuneration Committee. Full name: Lyndsey Jane Scott (previous surnames Welsh and Hamilton (née)). Age: 61. Shares held in the Company: None. Current directorships: James Cropper EBT Limited· James Cropper Plc. Historic directorships in previous 5 years: Provident Polska SA (subsidiary of International Personal Finance Plc)·Provident Penzugyi Zrt (subsidiary of International Personal Finance Plc). Announcement • Aug 24
Billington Holdings Plc to Report First Half, 2023 Results on Sep 19, 2023 Billington Holdings Plc announced that they will report first half, 2023 results on Sep 19, 2023 Announcement • Jun 06
Billington Holdings Plc, Annual General Meeting, Jun 06, 2023 Billington Holdings Plc, Annual General Meeting, Jun 06, 2023, at 13:00 Coordinated Universal Time. Upcoming Dividend • Jun 01
Upcoming dividend of UK£0.15 per share at 3.8% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 04 July 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.9%). In line with average of industry peers (3.8%). Recent Insider Transactions Derivative • Apr 25
CEO & Executive Director exercised options and sold UK£73k worth of stock On the 20th of April, Mark Smith exercised options to acquire 18k shares at no cost and sold these for an average price of UK£3.96 per share. This trade did not impact their existing holding. For the year to December 2016, Mark's total compensation was 81% salary and 19% non-salary. Since June 2022, Mark has owned 19.55k shares directly. Company insiders have collectively sold UK£281k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Apr 25
CEO & Executive Director recently sold UK£82k worth of stock On the 20th of April, Mark Smith sold around 21k shares on-market at roughly UK£3.96 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Reported Earnings • Apr 19
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: UK£0.39 (up from UK£0.006 in FY 2021). Revenue: UK£86.6m (up 4.7% from FY 2021). Net income: UK£4.73m (up UK£4.67m from FY 2021). Profit margin: 5.5% (up from 0.1% in FY 2021). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Buying Opportunity • Jan 17
Now 22% undervalued Over the last 90 days, the stock is up 42%. The fair value is estimated to be UK£4.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has declined by 77%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 1,055% in the next 2 years. Major Estimate Revision • Dec 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from UK£0.24 to UK£0.34. Revenue forecast unchanged at UK£90.0m. Net income forecast to grow 875% next year vs 8.6% growth forecast for Construction industry in the United Kingdom. Consensus price target up from UK£3.20 to UK£4.75. Share price rose 29% to UK£2.90 over the past week. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 29% share price gain to UK£2.90, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Construction industry in the United Kingdom. Total loss to shareholders of 15% over the past three years. Price Target Changed • Nov 25
Price target decreased to UK£3.20 Down from UK£3.50, the current price target is an average from 2 analysts. New target price is 45% above last closing price of UK£2.20. Stock is down 6.4% over the past year. The company is forecast to post earnings per share of UK£0.21 for next year compared to UK£0.0056 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Stephen Wardell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Oct 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from UK£0.19 to UK£0.21. Revenue forecast unchanged at UK£90.2m. Net income forecast to grow 492% next year vs 19% growth forecast for Construction industry in the United Kingdom. Consensus price target down from UK£3.50 to UK£3.35. Share price was steady at UK£2.18 over the past week. Reported Earnings • Sep 27
First half 2022 earnings released: EPS: UK£0.087 (vs UK£0.051 in 1H 2021) First half 2022 results: EPS: UK£0.087 (up from UK£0.051 in 1H 2021). Revenue: UK£46.2m (up 22% from 1H 2021). Net income: UK£1.05m (up 70% from 1H 2021). Profit margin: 2.3% (up from 1.6% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Construction industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Price Target Changed • Sep 23
Price target decreased to UK£3.10 Down from UK£3.40, the current price target is an average from 2 analysts. New target price is 65% above last closing price of UK£1.88. Stock is down 30% over the past year. The company is forecast to post earnings per share of UK£0.20 for next year compared to UK£0.0056 last year. Announcement • Sep 14
Billington Holdings Plc to Report First Half, 2022 Results on Sep 27, 2022 Billington Holdings Plc announced that they will report first half, 2022 results on Sep 27, 2022 Announcement • May 31
Billington Holdings Plc, Annual General Meeting, May 31, 2022 Billington Holdings Plc, Annual General Meeting, May 31, 2022, at 13:00 Coordinated Universal Time. Upcoming Dividend • May 25
Upcoming dividend of UK£0.03 per share Eligible shareholders must have bought the stock before 01 June 2022. Payment date: 04 July 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (4.8%). Lower than average of industry peers (3.8%). Reported Earnings • Apr 28
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: UK£0.006 (down from UK£0.11 in FY 2020). Revenue: UK£82.7m (up 19% from FY 2020). Net income: UK£68.0k (down 95% from FY 2020). Profit margin: 0.1% (down from 2.0% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 92%. Over the next year, revenue is forecast to grow 9.2%, compared to a 5.8% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Stephen Wardell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
Billington Holdings plc Proposes Final Dividend for 2021, Payable on 4 July 2022 Billington Holdings Plc is recommending a final dividend of 3.00 pence per share for 2021, which is covered 2.7 times by underlying earnings. The final dividend will be paid, subject to shareholder approval at the Company's AGM, on 4 July 2022, to those shareholders on the register on 6 June 2022. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improved over the past week After last week's 20% share price gain to UK£2.51, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Construction industry in the United Kingdom. Total loss to shareholders of 5.9% over the past three years. Board Change • Feb 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Stephen Wardell was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 23
First half 2021 earnings released: EPS UK£0.051 (vs UK£0.041 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: UK£29.1m (down 14% from 1H 2020). Net income: UK£618.0k (up 24% from 1H 2020). Profit margin: 2.1% (up from 1.5% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • May 27
Upcoming dividend of UK£0.043 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 06 July 2021. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (2.1%). Reported Earnings • Apr 15
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£69.5m (down 36% from FY 2019). Net income: UK£1.37m (down 72% from FY 2019). Profit margin: 2.0% (down from 4.4% in FY 2019). The decrease in margin was driven by lower revenue. Is New 90 Day High Low • Mar 15
New 90-day high: UK£3.22 The company is up 4.0% from a price of UK£3.10 on 15 December 2020. Underperformed the British market, which is up 5.0% over the last 90 days. Lagged the Construction industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: UK£3.21 The company is up 8.0% from its price of UK£2.97 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: UK£3.19 The company is up 4.0% from its price of UK£3.08 on 08 September 2020. The British market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 17% over the same period. 
