Barratt Developments
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Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. The last earnings update was 11 days ago. More info.
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BDEV Share Price and Events
7 Day Returns
1 Year Returns
BDEV Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Barratt Developments (BDEV) | 0.1% | 5.3% | 14.6% | 2.1% | -3.6% | 30.4% |
| GB Consumer Durables | -0.1% | 2.2% | 7.9% | -5.6% | 4.4% | 43.2% |
| GB Market | 1.5% | 4.5% | 2.5% | -3% | 20.8% | -3.8% |
1 Year Return vs Industry and Market
- BDEV outperformed the Consumer Durables industry which returned -5.6% over the past year.
- BDEV outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3% over the past year.
BDEV Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Barratt Developments
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Barratt Developments.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 14 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.2% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 8.8% |
| Consumer Durables Unlevered Beta | Simply Wall St/ S&P Global | 0.68 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.68 (1 + (1- 19%) (3.5%)) |
0.699 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 8.77%) |
8.25% |
Discounted Cash Flow Calculation for LSE:BDEV using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Barratt Developments is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (GBP, Millions) | 425.79 | 564.65 | 614.00 | 588.00 | 648.75 |
| Source | Analyst x5 | Analyst x6 | Analyst x5 | Analyst x1 | Est @ 10.33% |
|
Present Value Discounted (@ 8.25%) |
393.35 | 481.90 | 484.10 | 428.29 | 436.55 |
| Present value of next 5 years cash flows | £2,224.20 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= £648.75 × (1 + 1.23%) ÷ (8.25% – 1.23%) |
£9,356.96 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= £9,356.96 ÷ (1 + 8.25%)5 |
£6,296.33 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= £2,224.20 + £6,296.33 |
£8,520.53 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £8,520.53 / 1,013.33 |
£8.41 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £8.41 |
| Current discount | Discount to share price of
£5.64
= -1 x (£5.64 - £8.41) / £8.41 |
33% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Barratt Developments's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Barratt Developments's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Barratt Developments's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Barratt Developments's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in GBP | £0.72 |
| LSE:BDEV Share Price ** | LSE (2019-02-15) in GBP | £5.64 |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio | Median Figure of 25 Publicly-Listed Consumer Durables Companies | 11.23x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 814 Publicly-Listed Companies | 15.87x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Barratt Developments.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:BDEV Share Price ÷ EPS (both in GBP) = 5.64 ÷ 0.72 |
7.81x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Barratt Developments is good value based on earnings compared to the GB Consumer Durables industry average.
- Barratt Developments is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Barratt Developments's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.81x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts |
4.8%per year |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio | Median Figure of 23 Publicly-Listed Consumer Durables Companies | 1.41x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 579 Publicly-Listed Companies | 1.26x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.81x ÷ 4.8% |
1.63x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Barratt Developments is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Barratt Developments's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in GBP | £4.49 |
| LSE:BDEV Share Price * | LSE (2019-02-15) in GBP | £5.64 |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio | Median Figure of 28 Publicly-Listed Consumer Durables Companies | 1.67x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,362 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:BDEV Share Price ÷ Book Value per Share (both in GBP) = 5.64 ÷ 4.49 |
1.25x |
* Primary Listing of Barratt Developments.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Barratt Developments is good value based on assets compared to the GB Consumer Durables industry average.
Value checks
We assess Barratt Developments's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check) Barratt Developments has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
BDEV Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Barratt Developments's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- Barratt Developments's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
- Barratt Developments's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:BDEV Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts | 4.8% |
| LSE:BDEV Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts | 2.1% |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate | Market Cap Weighted Average | 5.1% |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate | Market Cap Weighted Average | 2.5% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 10.2% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 3.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | 5,474 | 766 | 806 | 1 |
| 2021-06-30 | 5,131 | 666 | 817 | 11 |
| 2020-06-30 | 4,950 | 643 | 736 | 14 |
| 2019-06-30 | 4,932 | 494 | 732 | 12 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 5,019 | 681 | 729 |
| 2018-09-30 | 4,947 | 598 | 700 |
| 2018-06-30 | 4,875 | 514 | 672 |
| 2018-03-31 | 4,848 | 438 | 651 |
| 2017-12-31 | 4,822 | 361 | 629 |
| 2017-09-30 | 4,736 | 375 | 623 |
| 2017-06-30 | 4,650 | 389 | 616 |
| 2017-03-31 | 4,413 | 413 | 594 |
| 2016-12-31 | 4,176 | 438 | 571 |
| 2016-09-30 | 4,206 | 545 | 561 |
| 2016-06-30 | 4,235 | 653 | 550 |
| 2016-03-31 | 4,147 | 509 | 536 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
All data from Barratt Developments Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | 0.79 | 0.79 | 0.79 | 1.00 |
| 2021-06-30 | 0.80 | 0.91 | 0.75 | 7.00 |
| 2020-06-30 | 0.72 | 0.83 | 0.63 | 9.00 |
| 2019-06-30 | 0.72 | 0.74 | 0.70 | 5.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.72 |
| 2018-09-30 | 0.69 |
| 2018-06-30 | 0.66 |
| 2018-03-31 | 0.64 |
| 2017-12-31 | 0.62 |
| 2017-09-30 | 0.62 |
| 2017-06-30 | 0.61 |
| 2017-03-31 | 0.59 |
| 2016-12-31 | 0.57 |
| 2016-09-30 | 0.56 |
| 2016-06-30 | 0.55 |
| 2016-03-31 | 0.54 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Barratt Developments's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Barratt Developments has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
BDEV Past Performance
How has Barratt Developments performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Barratt Developments's year on year earnings growth rate has been positive over the past 5 years.
- Barratt Developments's 1-year earnings growth is less than its 5-year average (15.8% vs 19.4%)
- Barratt Developments's earnings growth has not exceeded the GB Consumer Durables industry average in the past year (15.8% vs 16.6%).
Earnings and Revenue History
All data from Barratt Developments Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 5,018.80 | 729.10 | 164.10 | |
| 2018-09-30 | 4,946.80 | 700.40 | 154.90 | |
| 2018-06-30 | 4,874.80 | 671.70 | 145.70 | |
| 2018-03-31 | 4,848.40 | 650.55 | 140.90 | |
| 2017-12-31 | 4,822.00 | 629.40 | 136.10 | |
| 2017-09-30 | 4,736.10 | 622.60 | 134.25 | |
| 2017-06-30 | 4,650.20 | 615.80 | 132.40 | |
| 2017-03-31 | 4,413.05 | 593.60 | 134.30 | |
| 2016-12-31 | 4,175.90 | 571.40 | 136.20 | |
| 2016-09-30 | 4,205.55 | 560.85 | 133.90 | |
| 2016-06-30 | 4,235.20 | 550.30 | 131.60 | |
| 2016-03-31 | 4,146.95 | 535.65 | 132.35 | |
| 2015-12-31 | 4,058.70 | 521.00 | 133.10 | |
| 2015-09-30 | 3,909.10 | 485.20 | 135.10 | |
| 2015-06-30 | 3,759.50 | 449.40 | 137.10 | |
| 2015-03-31 | 3,613.95 | 414.60 | 134.95 | |
| 2014-12-31 | 3,468.40 | 379.80 | 132.80 | |
| 2014-09-30 | 3,312.70 | 342.60 | 126.35 | |
| 2014-06-30 | 3,157.00 | 305.40 | 119.90 | |
| 2014-03-31 | 3,038.50 | 219.95 | 116.95 | |
| 2013-12-31 | 2,920.00 | 134.50 | 114.00 | |
| 2013-09-30 | 2,763.10 | 104.60 | 110.65 | |
| 2013-06-30 | 2,606.20 | 74.70 | 107.30 | |
| 2013-03-31 | 2,463.95 | 81.40 | 101.05 | |
| 2012-12-31 | 2,321.70 | 88.10 | 94.80 | |
| 2012-09-30 | 2,322.55 | 77.75 | 99.35 | |
| 2012-06-30 | 2,323.40 | 67.40 | 103.90 | |
| 2012-03-31 | 2,217.00 | 37.35 | 99.70 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Barratt Developments has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Barratt Developments used its assets more efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
- Barratt Developments has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Barratt Developments's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Barratt Developments has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
BDEV Health
How is Barratt Developments's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Barratt Developments's finances.
The net worth of a company is the difference between its assets and liabilities.
- Barratt Developments is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Barratt Developments's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 27.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Barratt Developments Company Filings, last reported 1 month ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,551.70 | 200.00 | 579.10 |
| 2018-09-30 | 4,551.70 | 200.00 | 579.10 |
| 2018-06-30 | 4,597.70 | 191.10 | 982.40 |
| 2018-03-31 | 4,597.70 | 191.10 | 982.40 |
| 2017-12-31 | 4,267.70 | 212.10 | 378.00 |
| 2017-09-30 | 4,267.70 | 212.10 | 378.00 |
| 2017-06-30 | 4,322.20 | 79.70 | 784.40 |
| 2017-03-31 | 4,322.20 | 79.70 | 784.40 |
| 2016-12-31 | 4,010.30 | 190.40 | 362.20 |
| 2016-09-30 | 4,010.30 | 190.40 | 362.20 |
| 2016-06-30 | 4,010.20 | 190.60 | 758.00 |
| 2016-03-31 | 4,010.20 | 190.60 | 758.00 |
| 2015-12-31 | 3,763.70 | 191.70 | 195.60 |
| 2015-09-30 | 3,763.70 | 191.70 | 195.60 |
| 2015-06-30 | 3,711.30 | 193.50 | 360.40 |
| 2015-03-31 | 3,711.30 | 193.50 | 360.40 |
| 2014-12-31 | 3,459.40 | 199.10 | 41.60 |
| 2014-09-30 | 3,459.40 | 199.10 | 41.60 |
| 2014-06-30 | 3,354.00 | 221.30 | 274.70 |
| 2014-03-31 | 3,354.00 | 221.30 | 274.70 |
| 2013-12-31 | 3,152.10 | 337.70 | 160.50 |
| 2013-09-30 | 3,152.10 | 337.70 | 160.50 |
| 2013-06-30 | 3,073.20 | 375.90 | 295.70 |
| 2013-03-31 | 3,073.20 | 375.90 | 295.70 |
| 2012-12-31 | 3,006.20 | 415.30 | 15.10 |
| 2012-09-30 | 3,006.20 | 415.30 | 15.10 |
| 2012-06-30 | 2,973.80 | 396.60 | 150.30 |
| 2012-03-31 | 2,973.80 | 396.60 | 150.30 |
- Barratt Developments's level of debt (4.4%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (10.7% vs 4.4% today).
- Debt is well covered by operating cash flow (340.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 24.2x coverage).
Financial health checks
We assess Barratt Developments's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Barratt Developments has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
BDEV Dividends
What is Barratt Developments's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
Barratt Developments
shares you are expected to receive
£159
in your first year as a dividend.
Dividend Amount
- Barratt Developments's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
- Barratt Developments's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.25%).
Upcoming dividend payment
Purchase Barratt Developments on or before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 14 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 6.6% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 710 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-06-30 | ||
| 2021-06-30 | 0.49 | 10.00 |
| 2020-06-30 | 0.47 | 13.00 |
| 2019-06-30 | 0.46 | 11.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-06 | 0.448 | 7.957 |
| 2018-09-17 | 0.438 | 8.645 |
| 2018-09-05 | 0.438 | 7.897 |
| 2018-02-21 | 0.430 | 7.961 |
| 2017-11-16 | 0.417 | 6.858 |
| 2017-02-22 | 0.320 | 5.395 |
| 2016-10-05 | 0.307 | 6.377 |
| 2016-09-07 | 0.307 | 6.296 |
| 2015-09-09 | 0.151 | 2.791 |
| 2014-10-06 | 0.103 | 2.014 |
| 2014-09-10 | 0.103 | 2.628 |
| 2014-02-27 | 0.064 | 1.713 |
| 2013-10-11 | 0.025 | 0.704 |
| 2009-09-23 | 0.000 | 0.000 |
| 2009-09-01 | 0.000 | 0.000 |
| 2009-02-18 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Barratt Developments's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.6x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
Income/ dividend checks
We assess Barratt Developments's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Barratt Developments afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Barratt Developments has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
BDEV Management
CEO
| COMPENSATION | £2,811,000 |
| AGE | 55 |
| TENURE AS CEO | 3.6 years |
CEO Bio
Mr. David Fraser Thomas has been Group Chief Executive Officer of Barratt Developments plc since July 1, 2015. Mr. Thomas served as a Group Finance Director at Barratt Developments plc from July 21, 2009 to June 30, 2015. He served as an Interim Chief Financial Officer of Barratt Developments plc since January 24, 2017 until June 22, 2017. Mr. Thomas served as Group Finance Director and Deputy Chief Executive of GAME Group plc from 2004 to 2009. Before joining GAME in March 2004, he served as Group Finance Director at Millennium and Copthorne Hotels plc from 1998 to 2004. Prior to this, he held senior financial roles with House of Fraser plc and Forte plc. He is a Non-Executive Director of the HBF and an Associate of the Institute of Chartered Accountants in England and Wales. He serves as Executive Director since July 21, 2009 for Barratt Developments plc. He serves as Director for Ward Homes Ltd.
CEO Compensation
- David's compensation has been consistent with company performance over the past year.
- David's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure and age of the Barratt Developments management team in years:
- The average tenure for the Barratt Developments management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
David Thomas
Group Chief Executive & Executive Director
£3M
55
3.6 yrs
Jessica White
CFO & Executive Director
£1M
1.7 yrs
Steven Boyes
COO, Deputy CEO & Executive Director
£2M
58
6.6 yrs
Michael Finn
Group Design & Technical Director
Chloé Barnes
Head of Investor Relations
Tim Collins
Head of Corporate Communications
Jeremy Hipkiss
Group Sales & Marketing Director
Rob Tansey
Group Human Resources Director
6.5 yrs
Gary Ennis
Regional Managing Director of London & Southern
49
13.1 yrs
Mike Roberts
Regional Managing Director of Northern
9.1 yrs
Board of Directors Tenure
Average tenure and age of the Barratt Developments board of directors in years:
- The tenure for the Barratt Developments board of directors is about average.
Board of Directors
John Allan
Non-Executive Chairman
£315K
69
4.3 yrs
David Thomas
Group Chief Executive & Executive Director
£3M
55
9.6 yrs
Jessica White
CFO & Executive Director
£1M
1.7 yrs
Steven Boyes
COO, Deputy CEO & Executive Director
£2M
58
17.6 yrs
Richard Akers
Senior Independent Director
£81K
57
2.3 yrs
Jock Lennox
Non-Executive Director
£70K
62
2.6 yrs
Nina Bibby
Non-Executive Director
£60K
6.2 yrs
Sharon White
Independent Non-Executive Director
£35K
1.1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Barratt Developments insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 17. Dec 18 | Buy | Jessica White | Individual | 17. Dec 18 | 17. Dec 18 | 10,000 | £4.37 | £43,690 | ||
| 20. Nov 18 | Buy | John Allan | Individual | 20. Nov 18 | 20. Nov 18 | 10,000 | £4.80 | £47,988 | ||
| 19. Jul 18 | Buy | Richard Akers | Individual | 19. Jul 18 | 19. Jul 18 | 10,000 | £5.25 | £52,512 | ||
| 11. Jul 18 | Buy | John Allan | Individual | 11. Jul 18 | 11. Jul 18 | 10,000 | £4.92 | £49,150 | ||
| 10. May 18 | Buy | John Allan | Individual | 10. May 18 | 10. May 18 | 5,000 | £5.62 | £28,076 | ||
| 22. Feb 18 | Buy | John Allan | Individual | 21. Feb 18 | 21. Feb 18 | 8,500 | £5.68 | £48,292 | ||
| 06. Mar 18 | Buy | John Allan | Individual | 05. Mar 18 | 05. Mar 18 | 9,000 | £5.38 | £48,383 | ||
Management checks
We assess Barratt Developments's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Barratt Developments has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
BDEV News
Simply Wall St News
What You Need To Know About Barratt Developments PLC’s (LON:BDEV) Cash Situation
Barratt Developments PLC (LON:BDEV) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … I’ve analysed below, the health and outlook of Barratt Developments’s cash flow, which will help you understand the stock from a cash standpoint. … Barratt Developments’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure
Simply Wall St - – Full articleBarratt Developments PLC (LON:BDEV): What Can We Expect From This High Growth Stock?
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … The latest earnings announcement Barratt Developments PLC (LON:BDEV) released in June 2018a
Simply Wall St - – Full articleIs Barratt Developments PLC's (LON:BDEV) ROE Of 15% Impressive?
This article is for those who would like to learn about Return On Equity (ROE). … The formula for return on equity is: … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleThese Fundamentals Make Barratt Developments PLC (LON:BDEV) Truly Worth Looking At
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.
Simply Wall St - – Full articleWhy Barratt Developments PLC (LON:BDEV) Is A Financially Healthy Company
Mid-caps stocks, like Barratt Developments PLC (LON:BDEV) with a market capitalization of UK£4.8b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Don’t forget that this is a general and concentrated examination of Barratt Developments's financial health, so you should conduct further analysis. … See our latest analysis for Barratt Developments
Simply Wall St - – Full articleBarratt Developments PLC (LON:BDEV): What Are The Future Prospects?
In June 2018, Barratt Developments PLC (LON:BDEV) released its earnings update. … as a 6.2% rise in profits is expected in the upcoming year, … the higher past 5-year average growth rate of 26%
Simply Wall St - – Full articleWhy Barratt Developments PLC’s (LON:BDEV) Return On Capital Employed Is Impressive
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleHave Insiders Been Buying Barratt Developments PLC (LON:BDEV) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So before you buy or sell Barratt Developments PLC (LON:BDEV), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Barratt Developments.
Simply Wall St - – Full articleHow To Take Advantage Of Barratt Developments PLC (LON:BDEV) In A Bear Market
High quality stocks such as Barratt Developments PLC has fared well over time in a fickle stock market, which is why I want to bring it into light amongst all the chaos. … View our latest analysis for Barratt Developments. … Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain
Simply Wall St - – Full articleWhy Barratt Developments PLC’s (LON:BDEV) Cash Is A Factor You Need To Consider
I will take you through Barratt Developments’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Barratt Developments’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of Barratt Developments’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability
Simply Wall St - – Full articleBDEV Company Info
Map
Description
Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain. It acquires and develops land; plans, designs, and constructs residential properties, including apartments, penthouses, and communities; and develops and sells homes. The company offers homes under the Barratt Homes, David Wilson Homes, and Barratt London brands. It is also involved in the commercial development activities under the Wilson Bowden Developments brand. The company was founded in 1958 and is headquartered in Coalville, the United Kingdom.
Details
| Name: | Barratt Developments PLC |
| BDEV | |
| Exchange: | LSE |
| Founded: | 1958 |
| £5,711,136,959 | |
| 1,013,331,611 | |
| Website: | http://www.barrattdevelopments.co.uk |
| Address: |
Barratt Developments PLC Barratt House, Cartwright Way, Coalville, Leicestershire, LE67 1UF, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | BDEV | Ordinary Shares | London Stock Exchange | GB | GBP | 02. Jan 1992 | |
| OTCPK | BTDP.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| DB | 3BA | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1992 | |
| BATS-CHIXE | BDEVL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 02. Jan 1992 | |
| OTCPK | BTDP.Y | ADR | Pink Sheets LLC | US | USD | 06. Apr 2011 |
Number of employees
Current staff
Industry
| Homebuilding | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/17 20:35 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/11 |
| Last earnings filing: | 2019/02/06 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
