View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsRedrow 将来の成長Future 基準チェック /06Redrowの収益は年間0.7%で減少すると予測されていますが、年間収益は年間2.8%で増加すると予測されています。EPS は年間 減少すると予測されています。自己資本利益率は 3 年後に7.5% 0.7%なると予測されています。主要情報-0.7%収益成長率-0.71%EPS成長率Consumer Durables 収益成長19.2%収益成長率2.8%将来の株主資本利益率7.47%アナリストカバレッジGood最終更新日21 Aug 2024今後の成長に関する最新情報お知らせ • Nov 11Redrow plc Provides Earnings Guidance for the year 2024Redrow plc announced that the company continue to expect results to be in the guidance range they gave in September 2023 of revenue between £1.65 billion and £1.7 billion and profit before tax of between £180 million and £200 million. However, with the lower than anticipated sales rate due to the more subdued Autumn housing market they are more likely to be towards the lower end of the range. Due to improved timing of affordable legal completions, the company now expect the revenue profile for the current financial year to be more evenly split than originally anticipated, with 45% in the first half and 55% in the second half.お知らせ • Sep 14Redrow plc Re-Introduces Earnings Guidance for 2024Redrow plc is re-introduced earnings guidance for the year 2024. For the year 2024, guidance based on a sales rate in line with Fiscal Year 2023 of 0.46 per outlet per week: Revenue to be £1.65 billion to £1.7 billion. EPS to be c41 pence.すべての更新を表示Recent updatesお知らせ • Apr 16Redrow plc Announces Matthew Pratt Steps Down as CEO, Effective 30 June 2025Barratt Redrow plc announced that, with the operational integration of Barratt and Redrow nearing completion, Matthew Pratt will be stepping down from his position as Redrow Chief Executive on 30 June 2025.お知らせ • Oct 07+ 1 more updateRedrow plc and Barratt Redrow plc Announces Board ChangesWH Smith PLC confirms that as at October 4, 2024, Nicky Dulieuhas stepped down as a Non-Executive Director of Redrow plc following clearance of the combination between Redrow plc and Barratt Developments plc by the UK Competition and Markets Authority. Nicky will be appointed to Barratt Redrow plc as a Non-Executive Director with effect from 4 October, 2024. She will also serve as a member of the Audit, Nomination, Remuneration and Sustainability Committees, and will be the Designated Non-Executive Director for Workforce Engagement.お知らせ • Aug 23+ 1 more updateFCA Announces De-listing and Cancellation of Trading of Redrow SharesFurther to the announcements made by Barratt Developments plc ("Barratt") and Redrow plc ("Redrow") on 20 August 2024 and 21 August 2024 regarding the sanction of the Scheme by the Court and the Scheme becoming Effective, Redrow announced that, following an application on behalf of Redrow, the Financial Conduct Authority has cancelled the listing of Redrow Shares on the Official List maintained by the Financial Conduct Authority and the London Stock Exchange has cancelled the trading of Redrow Shares on the London Stock Exchange's main market for listed securities, in each case with effect from 8.00 a.m., 23 August 2024 London Time. Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the scheme document published on 19 April 2024 in relation to the recommended all-share offer for the combination of Barratt and Redrow, pursuant to which Barratt acquired the entire issued and to be issued ordinary share capital of Redrow (the "Combination"), which was effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme Document").お知らせ • Aug 22+ 5 more updatesRedrow plc(LSE:RDW) dropped from FTSE 250 IndexRedrow plc(LSE:RDW) dropped from FTSE 250 IndexNew Risk • Jul 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% 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 0.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Upcoming Dividend • Feb 15Upcoming dividend of UK£0.05 per share at 3.8% yieldEligible shareholders must have bought the stock before 22 February 2024. Payment date: 08 April 2024. Payout ratio is a comfortable 39% and the cash payout ratio is 87%. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (4.1%).Declared Dividend • Feb 09First half dividend of UK£0.05 announcedShareholders will receive a dividend of UK£0.05. Ex-date: 22nd February 2024 Payment date: 8th April 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 08First half 2024 earnings released: EPS: UK£0.19 (vs UK£0.46 in 1H 2023)First half 2024 results: EPS: UK£0.19 (down from UK£0.46 in 1H 2023). Revenue: UK£756.0m (down 27% from 1H 2023). Net income: UK£60.0m (down 60% from 1H 2023). Profit margin: 7.9% (down from 14% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year.お知らせ • Feb 07+ 2 more updatesBarratt Developments plc (LSE:BDEV) entered into a scheme of arrangement to acquire Redrow plc (LSE:RDW) from Bridgemere Securities Limited and others for £2.5 billion.Barratt Developments plc (LSE:BDEV) entered into a scheme of arrangement to acquire Redrow plc (LSE:RDW) from Bridgemere Securities Limited and others for £2.5 billion on February 7, 2024. Under the terms of the Combination, each Redrow Shareholder will receive for each Redrow Share 1.44 New Barratt Shares. Redrow Shareholders will, in aggregate, receive approximately 476,309,153 New Barratt Shares. Immediately following Completion, Redrow Shareholders will hold approximately 32.8 per cent. of the Combined Group and Barratt Shareholders will hold approximately 67.2 per cent. of the Combined Group. The Combined Group will be renamed "Barratt Redrow plc" from Completion. Transaction is subject to approvals of Court, and Redrow shareholders. The Barratt and Redrow Directors consider the terms of the Combination to be in the best interests of Barratt and Barratt Shareholders as a whole. Accordingly, the Barratt and Redrow Directors intend to recommend unanimously that Shareholders vote in favor of the Scheme. The Combination is expected to become Effective during the second half of 2024.UBS AG, London Branch, Morgan Stanley & Co. International plc acted as financial advisors, Linklaters LLP acted as a legal advisor to Barratt Developments plc. Slaughter and May acted as a legal advisor, and Peel Hunt LLP, Barclays Bank PLC acted as financial advisors and provided the fairness opinion to Redrow plc (LSE:RDW).Buy Or Sell Opportunity • Jan 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to €6.85. The fair value is estimated to be €5.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to decline by 2.4% per annum. Earnings are also forecast to decline by 13% per annum over the same time period.お知らせ • Dec 19Redrow plc Appoints Beth Ford as Company SecretaryRedrow plc announced that Beth Ford will be appointed as the Group Company Secretary with effect from the 31 December 2023 following the retirement of Graham Cope. Beth is a Chartered Company Secretary and Chartered Governance Professional and is a Fellow of The Chartered Governance Institute. She has over 10 years corporate governance and listed company experience.Beth has been involved in significant corporate transactions during her career and has held a variety of roles of increasing responsibility within the company secretarial and governance field. Beth is currently the Group's Deputy Company Secretary and joined Redrow in 2017 from Amec Foster Wheeler plc. Prior to this, she worked at Eversheds Sutherland LLP where she provided company secretarial and governance services to a wide range of clients.お知らせ • Nov 18Redrow plc to Report Fiscal Year 2024 Results on Sep 11, 2024Redrow plc announced that they will report fiscal year 2024 results on Sep 11, 2024New Risk • Nov 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change).お知らせ • Nov 11Redrow plc Provides Earnings Guidance for the year 2024Redrow plc announced that the company continue to expect results to be in the guidance range they gave in September 2023 of revenue between £1.65 billion and £1.7 billion and profit before tax of between £180 million and £200 million. However, with the lower than anticipated sales rate due to the more subdued Autumn housing market they are more likely to be towards the lower end of the range. Due to improved timing of affordable legal completions, the company now expect the revenue profile for the current financial year to be more evenly split than originally anticipated, with 45% in the first half and 55% in the second half.お知らせ • Nov 10+ 1 more updateRedrow plc to Report First Half, 2024 Results on Feb 08, 2024Redrow plc announced that they will report first half, 2024 results on Feb 08, 2024お知らせ • Sep 14Redrow plc Re-Introduces Earnings Guidance for 2024Redrow plc is re-introduced earnings guidance for the year 2024. For the year 2024, guidance based on a sales rate in line with Fiscal Year 2023 of 0.46 per outlet per week: Revenue to be £1.65 billion to £1.7 billion. EPS to be c41 pence.Reported Earnings • Sep 14Full year 2023 earnings released: EPS: UK£0.91 (vs UK£0.58 in FY 2022)Full year 2023 results: EPS: UK£0.91 (up from UK£0.58 in FY 2022). Revenue: UK£2.13b (flat on FY 2022). Net income: UK£298.0m (up 51% from FY 2022). Profit margin: 14% (up from 9.2% in FY 2022). Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jun 24Now 21% undervaluedOver the last 90 days, the stock is up 1.1%. The fair value is estimated to be €6.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to decline by 4.6% per annum. Earnings is also forecast to decline by 9.0% per annum over the same time period.Upcoming Dividend • Feb 16Upcoming dividend of UK£0.10 per share at 6.2% yieldEligible shareholders must have bought the stock before 23 February 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.7%).Reported Earnings • Feb 10First half 2023 earnings released: EPS: UK£0.46 (vs UK£0.48 in 1H 2022)First half 2023 results: EPS: UK£0.46 (down from UK£0.48 in 1H 2022). Revenue: UK£1.03b (down 2.0% from 1H 2022). Net income: UK£150.0m (down 8.5% from 1H 2022). Profit margin: 14% (down from 16% in 1H 2022). Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.お知らせ • Feb 10Redrow plc to Report Fiscal Year 2023 Results on Sep 13, 2023Redrow plc announced that they will report fiscal year 2023 results on Sep 13, 2023お知らせ • Feb 09+ 2 more updatesRedrow plc, Annual General Meeting, Nov 10, 2023Redrow plc, Annual General Meeting, Nov 10, 2023.お知らせ • Nov 19Redrow plc to Report First Half, 2023 Results on Feb 09, 2023Redrow plc announced that they will report first half, 2023 results on Feb 09, 2023Recent Insider Transactions • Oct 11Senior Independent Director recently bought €56k worth of stockOn the 4th of October, Andrew Hewson bought around 12k shares on-market at roughly €4.85 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €123k. Insiders have collectively bought €197k more in shares than they have sold in the last 12 months.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Durables industry in Germany. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.67 per share.Reported Earnings • Sep 15Full year 2022 earnings released: EPS: UK£0.58 (vs UK£0.74 in FY 2021)Full year 2022 results: EPS: UK£0.58 (down from UK£0.74 in FY 2021). Revenue: UK£2.14b (up 10% from FY 2021). Net income: UK£197.0m (down 22% from FY 2021). Profit margin: 9.2% (down from 13% in FY 2021). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.Buying Opportunity • Sep 15Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 5.3%. The fair value is estimated to be €6.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 5.9%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Upcoming Dividend • Feb 17Upcoming dividend of UK£0.10 per shareEligible shareholders must have bought the stock before 24 February 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (2.2%).Reported Earnings • Feb 12First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: EPS: UK£0.48 (up from UK£0.41 in 1H 2021). Revenue: UK£1.05b (up 1.1% from 1H 2021). Net income: UK£164.0m (up 16% from 1H 2021). Profit margin: 16% (up from 14% in 1H 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 11%, compared to a 7.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Board Change • Nov 16High number of new directorsIndependent Non-Executive Chairman Richard Akers was the last director to join the board, commencing their role in 2021.Reported Earnings • Sep 17Full year 2021 earnings released: EPS UK£0.74 (vs UK£0.33 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£1.94b (up 45% from FY 2020). Net income: UK£254.0m (up 125% from FY 2020). Profit margin: 13% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Executive Departure • Sep 17Non-Executive Chairman John Tutte has left the companyOn the 15th of September, John Tutte's tenure as Non-Executive Chairman ended after 19.2 years in the role. As of June 2021, John still personally held 417.60k shares (€3.0m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 9.67 years.Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Richard Akers was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Is New 90 Day High Low • Mar 05New 90-day high: €6.90The company is up 12% from its price of €6.16 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.30 per share.Recent Insider Transactions • Feb 25Non-Executive Chairman recently sold €2.5m worth of stockOn the 23rd of February, John Tutte sold around 391k shares on-market at roughly €6.42 per share. This was the largest sale by an insider in the last 3 months. John has been a seller over the last 12 months, reducing personal holdings by €2.4m.Reported Earnings • Feb 12First half 2021 earnings released: EPS UK£0.41 (vs UK£0.37 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: UK£1.04b (up 20% from 1H 2020). Net income: UK£141.0m (up 10% from 1H 2020). Profit margin: 14% (down from 15% in 1H 2020). The decrease in margin was driven by higher expenses.Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 21%, compared to a 7.2% growth forecast for the Consumer Durables industry in Germany.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 21% share price gain to UK£6.76, the stock is trading at a trailing P/E ratio of 17.8x, up from the previous P/E ratio of 14.6x. This compares to an average P/E of 27x in the Consumer Durables industry in Germany. Total return to shareholders over the past year is a loss of 23%.Is New 90 Day High Low • Dec 28New 90-day high: €6.76The company is up 55% from its price of €4.37 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.61 per share.Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 24% share price gain to UK£5.86, the stock is trading at a trailing P/E ratio of 16.4x, up from the previous P/E ratio of 13.2x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total return to shareholders over the past year is a loss of 20%.Is New 90 Day High Low • Nov 11New 90-day high: €5.86The company is up 21% from its price of €4.83 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.98 per share.Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 16% share price gain to UK£5.25, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total return to shareholders over the past year is a loss of 24%.Is New 90 Day High Low • Oct 12New 90-day high: €5.27The company is up 5.0% from its price of €5.04 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.26 per share.Recent Insider Transactions • Sep 24Executive Director recently bought €100k worth of stockOn the 22nd of September, John Tutte bought around 25k shares on-market at roughly €3.99 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.3m more in shares than they bought in the last 12 months.Is New 90 Day High Low • Sep 19New 90-day low: €4.66The company is down 11% from its price of €5.25 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.94 per share.Reported Earnings • Sep 18Full year earnings releasedOver the last 12 months the company has reported total profits of UK£113.0m, down 66% from the prior year. Total revenue was UK£1.34b over the last 12 months, down 37% from the prior year. Profit margins were 8.4%, which is lower than the 16% margin from last year. The decrease in margin was driven by lower revenue.お知らせ • Sep 04Redrow plc to Report Fiscal Year 2020 Final Results on Sep 16, 2020Redrow plc announced that they will report fiscal year 2020 final results on Sep 16, 2020業績と収益の成長予測DB:1HO1 - アナリストの将来予測と過去の財務データ ( )GBP Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数6/30/20272,17120411511716/30/20261,8901774955106/30/20251,7271474346106/30/20241,655129781351012/31/20231,852208112111N/A9/30/20231,990253133135N/A7/2/20232,127298154158N/A4/2/20232,123241114120N/A1/1/20232,1191837482N/A10/1/20222,130190166172N/A7/3/20222,140197257261N/A4/3/20222,045237187189N/A1/2/20221,950277116117N/A10/2/20211,945266209211N/A6/27/20211,939254302304N/A3/27/20211,725190272276N/A12/27/20201,510126241247N/A9/27/20201,4251204349N/A6/28/20201,339113-156-149N/A3/28/20201,676210-61N/A12/29/20192,012307144150N/A9/29/20192,062318216221N/A6/30/20192,112329288292N/A3/31/20192,056322265268N/A12/31/20182,000315241243N/A9/30/20181,960312219221N/A6/30/20181,920308196198N/A3/31/20181,866296141143N/A12/31/20171,8112848587N/A9/30/20171,736269N/A108N/A6/30/20171,660253N/A128N/A3/31/20171,589241N/A154N/A12/31/20161,518229N/A180N/A9/30/20161,450215N/A129N/A6/30/20161,382200N/A78N/A3/31/20161,288187N/A42N/A12/31/20151,193173N/A6N/A9/30/20151,172168N/A20N/A6/30/20151,150162N/A33N/A3/31/20151,106151N/A24N/A12/31/20141,061140N/A14N/A9/30/2014963121N/A-34N/A6/30/2014864103N/A-82N/A3/31/201478788N/A-87N/A12/31/201371173N/A-92N/A9/30/201365863N/A-85N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 1HO1の収益は今後 3 年間で減少すると予測されています (年間-0.7% )。収益対市場: 1HO1の収益は今後 3 年間で減少すると予測されています (年間-0.7% )。高成長収益: 1HO1の収益は今後 3 年間で減少すると予測されています。収益対市場: 1HO1の収益 ( 2.8% ) German市場 ( 6.7% ) よりも低い成長が予測されています。高い収益成長: 1HO1の収益 ( 2.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 1HO1の 自己資本利益率 は、3年後には低くなると予測されています ( 7.5 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/08/21 13:19終値2024/08/21 00:00収益2023/12/31年間収益2023/07/02データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Redrow plc 10 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。18 アナリスト機関Jonathan BellBarclaysHarry GoadBerenbergRobert ChantryBerenberg15 その他のアナリストを表示
お知らせ • Nov 11Redrow plc Provides Earnings Guidance for the year 2024Redrow plc announced that the company continue to expect results to be in the guidance range they gave in September 2023 of revenue between £1.65 billion and £1.7 billion and profit before tax of between £180 million and £200 million. However, with the lower than anticipated sales rate due to the more subdued Autumn housing market they are more likely to be towards the lower end of the range. Due to improved timing of affordable legal completions, the company now expect the revenue profile for the current financial year to be more evenly split than originally anticipated, with 45% in the first half and 55% in the second half.
お知らせ • Sep 14Redrow plc Re-Introduces Earnings Guidance for 2024Redrow plc is re-introduced earnings guidance for the year 2024. For the year 2024, guidance based on a sales rate in line with Fiscal Year 2023 of 0.46 per outlet per week: Revenue to be £1.65 billion to £1.7 billion. EPS to be c41 pence.
お知らせ • Apr 16Redrow plc Announces Matthew Pratt Steps Down as CEO, Effective 30 June 2025Barratt Redrow plc announced that, with the operational integration of Barratt and Redrow nearing completion, Matthew Pratt will be stepping down from his position as Redrow Chief Executive on 30 June 2025.
お知らせ • Oct 07+ 1 more updateRedrow plc and Barratt Redrow plc Announces Board ChangesWH Smith PLC confirms that as at October 4, 2024, Nicky Dulieuhas stepped down as a Non-Executive Director of Redrow plc following clearance of the combination between Redrow plc and Barratt Developments plc by the UK Competition and Markets Authority. Nicky will be appointed to Barratt Redrow plc as a Non-Executive Director with effect from 4 October, 2024. She will also serve as a member of the Audit, Nomination, Remuneration and Sustainability Committees, and will be the Designated Non-Executive Director for Workforce Engagement.
お知らせ • Aug 23+ 1 more updateFCA Announces De-listing and Cancellation of Trading of Redrow SharesFurther to the announcements made by Barratt Developments plc ("Barratt") and Redrow plc ("Redrow") on 20 August 2024 and 21 August 2024 regarding the sanction of the Scheme by the Court and the Scheme becoming Effective, Redrow announced that, following an application on behalf of Redrow, the Financial Conduct Authority has cancelled the listing of Redrow Shares on the Official List maintained by the Financial Conduct Authority and the London Stock Exchange has cancelled the trading of Redrow Shares on the London Stock Exchange's main market for listed securities, in each case with effect from 8.00 a.m., 23 August 2024 London Time. Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the scheme document published on 19 April 2024 in relation to the recommended all-share offer for the combination of Barratt and Redrow, pursuant to which Barratt acquired the entire issued and to be issued ordinary share capital of Redrow (the "Combination"), which was effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme Document").
お知らせ • Aug 22+ 5 more updatesRedrow plc(LSE:RDW) dropped from FTSE 250 IndexRedrow plc(LSE:RDW) dropped from FTSE 250 Index
New Risk • Jul 13New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.7% 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 0.7% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Upcoming Dividend • Feb 15Upcoming dividend of UK£0.05 per share at 3.8% yieldEligible shareholders must have bought the stock before 22 February 2024. Payment date: 08 April 2024. Payout ratio is a comfortable 39% and the cash payout ratio is 87%. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (4.1%).
Declared Dividend • Feb 09First half dividend of UK£0.05 announcedShareholders will receive a dividend of UK£0.05. Ex-date: 22nd February 2024 Payment date: 8th April 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 41% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 08First half 2024 earnings released: EPS: UK£0.19 (vs UK£0.46 in 1H 2023)First half 2024 results: EPS: UK£0.19 (down from UK£0.46 in 1H 2023). Revenue: UK£756.0m (down 27% from 1H 2023). Net income: UK£60.0m (down 60% from 1H 2023). Profit margin: 7.9% (down from 14% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 8% per year.
お知らせ • Feb 07+ 2 more updatesBarratt Developments plc (LSE:BDEV) entered into a scheme of arrangement to acquire Redrow plc (LSE:RDW) from Bridgemere Securities Limited and others for £2.5 billion.Barratt Developments plc (LSE:BDEV) entered into a scheme of arrangement to acquire Redrow plc (LSE:RDW) from Bridgemere Securities Limited and others for £2.5 billion on February 7, 2024. Under the terms of the Combination, each Redrow Shareholder will receive for each Redrow Share 1.44 New Barratt Shares. Redrow Shareholders will, in aggregate, receive approximately 476,309,153 New Barratt Shares. Immediately following Completion, Redrow Shareholders will hold approximately 32.8 per cent. of the Combined Group and Barratt Shareholders will hold approximately 67.2 per cent. of the Combined Group. The Combined Group will be renamed "Barratt Redrow plc" from Completion. Transaction is subject to approvals of Court, and Redrow shareholders. The Barratt and Redrow Directors consider the terms of the Combination to be in the best interests of Barratt and Barratt Shareholders as a whole. Accordingly, the Barratt and Redrow Directors intend to recommend unanimously that Shareholders vote in favor of the Scheme. The Combination is expected to become Effective during the second half of 2024.UBS AG, London Branch, Morgan Stanley & Co. International plc acted as financial advisors, Linklaters LLP acted as a legal advisor to Barratt Developments plc. Slaughter and May acted as a legal advisor, and Peel Hunt LLP, Barclays Bank PLC acted as financial advisors and provided the fairness opinion to Redrow plc (LSE:RDW).
Buy Or Sell Opportunity • Jan 27Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 29% to €6.85. The fair value is estimated to be €5.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to decline by 2.4% per annum. Earnings are also forecast to decline by 13% per annum over the same time period.
お知らせ • Dec 19Redrow plc Appoints Beth Ford as Company SecretaryRedrow plc announced that Beth Ford will be appointed as the Group Company Secretary with effect from the 31 December 2023 following the retirement of Graham Cope. Beth is a Chartered Company Secretary and Chartered Governance Professional and is a Fellow of The Chartered Governance Institute. She has over 10 years corporate governance and listed company experience.Beth has been involved in significant corporate transactions during her career and has held a variety of roles of increasing responsibility within the company secretarial and governance field. Beth is currently the Group's Deputy Company Secretary and joined Redrow in 2017 from Amec Foster Wheeler plc. Prior to this, she worked at Eversheds Sutherland LLP where she provided company secretarial and governance services to a wide range of clients.
お知らせ • Nov 18Redrow plc to Report Fiscal Year 2024 Results on Sep 11, 2024Redrow plc announced that they will report fiscal year 2024 results on Sep 11, 2024
New Risk • Nov 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change).
お知らせ • Nov 11Redrow plc Provides Earnings Guidance for the year 2024Redrow plc announced that the company continue to expect results to be in the guidance range they gave in September 2023 of revenue between £1.65 billion and £1.7 billion and profit before tax of between £180 million and £200 million. However, with the lower than anticipated sales rate due to the more subdued Autumn housing market they are more likely to be towards the lower end of the range. Due to improved timing of affordable legal completions, the company now expect the revenue profile for the current financial year to be more evenly split than originally anticipated, with 45% in the first half and 55% in the second half.
お知らせ • Nov 10+ 1 more updateRedrow plc to Report First Half, 2024 Results on Feb 08, 2024Redrow plc announced that they will report first half, 2024 results on Feb 08, 2024
お知らせ • Sep 14Redrow plc Re-Introduces Earnings Guidance for 2024Redrow plc is re-introduced earnings guidance for the year 2024. For the year 2024, guidance based on a sales rate in line with Fiscal Year 2023 of 0.46 per outlet per week: Revenue to be £1.65 billion to £1.7 billion. EPS to be c41 pence.
Reported Earnings • Sep 14Full year 2023 earnings released: EPS: UK£0.91 (vs UK£0.58 in FY 2022)Full year 2023 results: EPS: UK£0.91 (up from UK£0.58 in FY 2022). Revenue: UK£2.13b (flat on FY 2022). Net income: UK£298.0m (up 51% from FY 2022). Profit margin: 14% (up from 9.2% in FY 2022). Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jun 24Now 21% undervaluedOver the last 90 days, the stock is up 1.1%. The fair value is estimated to be €6.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to decline by 4.6% per annum. Earnings is also forecast to decline by 9.0% per annum over the same time period.
Upcoming Dividend • Feb 16Upcoming dividend of UK£0.10 per share at 6.2% yieldEligible shareholders must have bought the stock before 23 February 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 59% but the company is paying out more than the cash it is generating. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.7%).
Reported Earnings • Feb 10First half 2023 earnings released: EPS: UK£0.46 (vs UK£0.48 in 1H 2022)First half 2023 results: EPS: UK£0.46 (down from UK£0.48 in 1H 2022). Revenue: UK£1.03b (down 2.0% from 1H 2022). Net income: UK£150.0m (down 8.5% from 1H 2022). Profit margin: 14% (down from 16% in 1H 2022). Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
お知らせ • Feb 10Redrow plc to Report Fiscal Year 2023 Results on Sep 13, 2023Redrow plc announced that they will report fiscal year 2023 results on Sep 13, 2023
お知らせ • Feb 09+ 2 more updatesRedrow plc, Annual General Meeting, Nov 10, 2023Redrow plc, Annual General Meeting, Nov 10, 2023.
お知らせ • Nov 19Redrow plc to Report First Half, 2023 Results on Feb 09, 2023Redrow plc announced that they will report first half, 2023 results on Feb 09, 2023
Recent Insider Transactions • Oct 11Senior Independent Director recently bought €56k worth of stockOn the 4th of October, Andrew Hewson bought around 12k shares on-market at roughly €4.85 per share. This transaction amounted to 44% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €123k. Insiders have collectively bought €197k more in shares than they have sold in the last 12 months.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Durables industry in Germany. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.67 per share.
Reported Earnings • Sep 15Full year 2022 earnings released: EPS: UK£0.58 (vs UK£0.74 in FY 2021)Full year 2022 results: EPS: UK£0.58 (down from UK£0.74 in FY 2021). Revenue: UK£2.14b (up 10% from FY 2021). Net income: UK£197.0m (down 22% from FY 2021). Profit margin: 9.2% (down from 13% in FY 2021). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.
Buying Opportunity • Sep 15Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 5.3%. The fair value is estimated to be €6.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 5.9%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Upcoming Dividend • Feb 17Upcoming dividend of UK£0.10 per shareEligible shareholders must have bought the stock before 24 February 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (2.2%).
Reported Earnings • Feb 12First half 2022 earnings: EPS in line with analyst expectations despite revenue beatFirst half 2022 results: EPS: UK£0.48 (up from UK£0.41 in 1H 2021). Revenue: UK£1.05b (up 1.1% from 1H 2021). Net income: UK£164.0m (up 16% from 1H 2021). Profit margin: 16% (up from 14% in 1H 2021). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 11%, compared to a 7.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Board Change • Nov 16High number of new directorsIndependent Non-Executive Chairman Richard Akers was the last director to join the board, commencing their role in 2021.
Reported Earnings • Sep 17Full year 2021 earnings released: EPS UK£0.74 (vs UK£0.33 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£1.94b (up 45% from FY 2020). Net income: UK£254.0m (up 125% from FY 2020). Profit margin: 13% (up from 8.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Executive Departure • Sep 17Non-Executive Chairman John Tutte has left the companyOn the 15th of September, John Tutte's tenure as Non-Executive Chairman ended after 19.2 years in the role. As of June 2021, John still personally held 417.60k shares (€3.0m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 9.67 years.
Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Richard Akers was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Is New 90 Day High Low • Mar 05New 90-day high: €6.90The company is up 12% from its price of €6.16 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.30 per share.
Recent Insider Transactions • Feb 25Non-Executive Chairman recently sold €2.5m worth of stockOn the 23rd of February, John Tutte sold around 391k shares on-market at roughly €6.42 per share. This was the largest sale by an insider in the last 3 months. John has been a seller over the last 12 months, reducing personal holdings by €2.4m.
Reported Earnings • Feb 12First half 2021 earnings released: EPS UK£0.41 (vs UK£0.37 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: UK£1.04b (up 20% from 1H 2020). Net income: UK£141.0m (up 10% from 1H 2020). Profit margin: 14% (down from 15% in 1H 2020). The decrease in margin was driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 21%, compared to a 7.2% growth forecast for the Consumer Durables industry in Germany.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 21% share price gain to UK£6.76, the stock is trading at a trailing P/E ratio of 17.8x, up from the previous P/E ratio of 14.6x. This compares to an average P/E of 27x in the Consumer Durables industry in Germany. Total return to shareholders over the past year is a loss of 23%.
Is New 90 Day High Low • Dec 28New 90-day high: €6.76The company is up 55% from its price of €4.37 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.61 per share.
Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 24% share price gain to UK£5.86, the stock is trading at a trailing P/E ratio of 16.4x, up from the previous P/E ratio of 13.2x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total return to shareholders over the past year is a loss of 20%.
Is New 90 Day High Low • Nov 11New 90-day high: €5.86The company is up 21% from its price of €4.83 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.98 per share.
Valuation Update With 7 Day Price Move • Nov 09Market bids up stock over the past weekAfter last week's 16% share price gain to UK£5.25, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total return to shareholders over the past year is a loss of 24%.
Is New 90 Day High Low • Oct 12New 90-day high: €5.27The company is up 5.0% from its price of €5.04 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.26 per share.
Recent Insider Transactions • Sep 24Executive Director recently bought €100k worth of stockOn the 22nd of September, John Tutte bought around 25k shares on-market at roughly €3.99 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.3m more in shares than they bought in the last 12 months.
Is New 90 Day High Low • Sep 19New 90-day low: €4.66The company is down 11% from its price of €5.25 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.94 per share.
Reported Earnings • Sep 18Full year earnings releasedOver the last 12 months the company has reported total profits of UK£113.0m, down 66% from the prior year. Total revenue was UK£1.34b over the last 12 months, down 37% from the prior year. Profit margins were 8.4%, which is lower than the 16% margin from last year. The decrease in margin was driven by lower revenue.
お知らせ • Sep 04Redrow plc to Report Fiscal Year 2020 Final Results on Sep 16, 2020Redrow plc announced that they will report fiscal year 2020 final results on Sep 16, 2020