View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 향후 성장Future 기준 점검 0/6Redrow 의 수익은 연간 0.7% 감소할 것으로 예상되는 반면, 연간 수익은 2.8% 로 증가할 것으로 예상됩니다. EPS는 연간 0.7% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.5% 로 예상됩니다.핵심 정보-0.7%이익 성장률-0.71%EPS 성장률Consumer Durables 이익 성장19.7%매출 성장률2.8%향후 자기자본이익률7.47%애널리스트 커버리지Good마지막 업데이트21 Aug 2024최근 향후 성장 업데이트공시 • 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.공시 • 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.모든 업데이트 보기Recent updates공시 • 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.공시 • 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.공시 • 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").공시 • 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.공시 • 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.공시 • 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.공시 • 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).공시 • 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.공시 • 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, 2024공시 • 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.공시 • 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, 2023공시 • Feb 09+ 2 more updatesRedrow plc, Annual General Meeting, Nov 10, 2023Redrow plc, Annual General Meeting, Nov 10, 2023.공시 • 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.공시 • 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, 2020이익 및 매출 성장 예측DB:1HO1 - 애널리스트 향후 추정치 및 과거 재무 데이터 (GBP Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/20272,17120411511716/30/20261,8901774955106/30/20251,7271474346106/30/20241,655129781351012/31/20231,852208112111N/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/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 1HO1 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.7%).수익 vs 시장: 1HO1 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.7%).고성장 수익: 1HO1 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 1HO1 의 수익(연간 2.8%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 1HO1 의 수익(연간 2.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 1HO1의 자본 수익률은 3년 후 7.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-durables 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/08/21 20:20종가2024/08/21 00:00수익2023/12/31연간 수익2023/07/02데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Redrow plc는 18명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jonathan BellBarclaysHarry GoadBerenbergRobert ChantryBerenberg15명의 분석가 더 보기
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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").
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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).
공시 • 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.
공시 • 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
공시 • 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.
공시 • 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
공시 • Feb 09+ 2 more updatesRedrow plc, Annual General Meeting, Nov 10, 2023Redrow plc, Annual General Meeting, Nov 10, 2023.
공시 • 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.
공시 • 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