Barratt Developments
Market Cap
UK£6.6b
Last Updated
2019/10/23 20:34 UTC
Data Sources
Company Financials +
Executive Summary
Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain.
Snowflake
Fundamentals
Flawless balance sheet, good value and pays a dividend.
Similar Companies
Share Price & News
How has Barratt Developments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-3.6%
BDEV
-0.4%
GB Consumer Durables
0.7%
GB Market
1 Year Return
31.5%
BDEV
17.1%
GB Consumer Durables
3.6%
GB Market
Return vs Industry: BDEV exceeded the UK Consumer Durables industry which returned 17.1% over the past year.
Return vs Market: BDEV exceeded the UK Market which returned 3.6% over the past year.
Shareholder returns
| BDEV | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.6% | -0.4% | 0.7% |
| 30 Day | 0.9% | 4.5% | -0.5% |
| 90 Day | -0.4% | 7.0% | -1.8% |
| 1 Year | 42.2%31.5% | 25.4%17.1% | 9.1%3.6% |
| 3 Year | 80.6%37.1% | 67.6%39.0% | 19.3%4.2% |
| 5 Year | 122.6%57.6% | 125.2%68.3% | 35.7%4.8% |
Price Volatility Vs. Market
How volatile is Barratt Developments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Barratt Developments PLC's (LON:BDEV) ROE Of 15% Impressive?2 weeks ago | Simply Wall St
Barratt Developments PLC (LON:BDEV) Looks Like A Good Stock, And It's Going Ex-Dividend Soon3 weeks ago | Simply Wall St
Barratt Developments PLC (LON:BDEV): Has Recent Earnings Growth Beaten Long-Term Trend?Valuation
Is Barratt Developments undervalued compared to its fair value and its price relative to the market?
19.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BDEV (£6.53) is trading below our estimate of fair value (£8.09)
Significantly Below Fair Value: BDEV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BDEV is good value based on its PE Ratio (8.9x) compared to the Consumer Durables industry average (10.4x).
PE vs Market: BDEV is good value based on its PE Ratio (8.9x) compared to the UK market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: BDEV is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: BDEV is good value based on its PB Ratio (1.4x) compared to the GB Consumer Durables industry average (1.4x).
Next Steps
Future Growth
How is Barratt Developments forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
2.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDEV's forecast earnings growth (2.6% per year) is above the savings rate (1.2%).
Earnings vs Market: BDEV's earnings (2.6% per year) are forecast to grow slower than the UK market (12.3% per year).
High Growth Earnings: BDEV's earnings are forecast to grow, but not significantly.
Revenue vs Market: BDEV's revenue (2.9% per year) is forecast to grow slower than the UK market (4% per year).
High Growth Revenue: BDEV's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BDEV's Return on Equity is forecast to be low in 3 years time (14.9%).
Next Steps
Past Performance
How has Barratt Developments performed over the past 5 years?
14.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BDEV's earnings have grown by 14.5% per year over the past 5 years.
Accelerating Growth: BDEV's earnings growth over the past year (10.2%) is below its 5-year average (14.5% per year).
Earnings vs Industry: BDEV earnings growth over the past year (10.2%) exceeded the Consumer Durables industry 5%.
Return on Equity
High ROE: BDEV's Return on Equity (15.2%) is considered low.
Return on Assets
ROA vs Industry: BDEV has a higher Return on Assets than the Consumer Durables industry average last year.
Return on Capital Employed
ROCE Improving: BDEV has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Barratt Developments's financial position?
Financial Position Analysis
Short Term Liabilities: BDEV's short term assets (£6.0B) exceeds its short term liabilities (£1.7B)
Long Term Liabilities: BDEV's short term assets (6.0B) exceeds its long term liabilities (631.1M)
Debt to Equity History and Analysis
Debt Level: BDEV's debt to equity ratio (4.1%) is considered satisfactory
Reducing Debt: BDEV's debt to equity ratio has reduced from 6.6% to 4.1% over the past 5 years.
Debt Coverage: BDEV's debt is well covered by operating cash flow (180.7%).
Interest Coverage: BDEV's interest payments on its debt are well covered by EBIT (29.4x coverage).
Balance Sheet
Inventory Level: BDEV has a high level of physical assets or inventory.
Debt Coverage by Assets: BDEV's debt is covered by short term assets (assets are 30x debt).
Next Steps
Dividend
What is Barratt Developments's current dividend yield, its reliability and sustainability?
7.11%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: BDEV's dividend (7.11%) is higher than the bottom 25% of dividend payers in the UK market (2%).
High Dividend: BDEV's dividend (7.11%) is in the top 25% of dividend payers in the UK market (5.33%)
Stable Dividend: Whilst dividend payments have been stable, BDEV has been paying a dividend for less than 10 years.
Growing Dividend: BDEV's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.7%), BDEV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BDEV's dividends in 3 years are forecast to be covered by earnings (62.8% payout ratio).
Next Steps
Management
What is the CEO of Barratt Developments's salary, the management and board of directors tenure and is there insider trading?
7.2yrs
Average management tenure
CEO
David Thomas (56yo)
4.3yrs
Tenure
UK£3,613,000
Compensation
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 t ...
CEO Compensation Analysis
Compensation vs. Market: David's total compensation ($USD4.66M) is about average for companies of similar size in the UK market ($USD3.59M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
Management Age and Tenure
7.2yrs
Average Tenure
56yo
Average Age
Experienced Management: BDEV's management team is seasoned and experienced (7.2 years average tenure).
Board Age and Tenure
4.1yrs
Average Tenure
59yo
Average Age
Experienced Board: BDEV's board of directors are considered experienced (4.1 years average tenure).
Insider Trading
Insider Buying: BDEV insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer Group Chief Executive & Executive Director |
| Shares | 500,000 |
| Max Price | UK£6.60 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO & Executive Director |
| Shares | 10,000 |
| Max Price | UK£4.37 |
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 10,000 |
| Max Price | UK£4.80 |
Ownership Breakdown
Management Team
Nick Richardson (56yo)
Managing Director of Wilson Bowden Developments
- Tenure: 0yrs
Steven Boyes (59yo)
COO, Deputy CEO & Executive Director
- Tenure: 18.3yrs
- Compensation: UK£2.92m
Jeremy Hipkiss
Group Sales & Marketing Director
- Tenure: 0yrs
Gary Ennis (50yo)
Regional Managing Director of London & Southern
- Tenure: 13.8yrs
David Thomas (56yo)
Group Chief Executive & Executive Director
- Tenure: 4.3yrs
- Compensation: UK£3.61m
Rob Tansey
Group Human Resources Director
- Tenure: 7.2yrs
Michael Finn
Group Design & Technical Director
- Tenure: 0yrs
Chloé Barnes
Head of Investor Relations
- Tenure: 0yrs
Tim Collins
Head of Corporate Communications
- Tenure: 0yrs
Jessica White
CFO & Executive Director
- Tenure: 2.3yrs
- Compensation: UK£1.20m
Board Members
John Allan (70yo)
Non-Executive Chairman
- Tenure: 4.9yrs
- Compensation: UK£327.00k
Richard Akers (58yo)
Senior Independent Director
- Tenure: 2.9yrs
- Compensation: UK£88.00k
Steven Boyes (59yo)
COO, Deputy CEO & Executive Director
- Tenure: 18.3yrs
- Compensation: UK£2.92m
Nina Bibby
Non-Executive Director
- Tenure: 6.8yrs
- Compensation: UK£62.00k
Jock Lennox (63yo)
Non-Executive Director
- Tenure: 3.3yrs
- Compensation: UK£74.00k
David Thomas (56yo)
Group Chief Executive & Executive Director
- Tenure: 4.3yrs
- Compensation: UK£3.61m
Sharon White
Independent Non-Executive Director
- Tenure: 1.8yrs
- Compensation: UK£62.00k
Jessica White
CFO & Executive Director
- Tenure: 2.3yrs
- Compensation: UK£1.20m
Company Information
Barratt Developments PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Barratt Developments PLC
- Ticker: BDEV
- Exchange: LSE
- Founded: 1958
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: UK£6.604b
- Shares outstanding: 1.01b
- Website: https://www.barrattdevelopments.co.uk
Number of Employees
Location
- Barratt Developments PLC
- Barratt House
- Cartwright Way
- Coalville
- Leicestershire
- LE67 1UF
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BTDP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| BDEV | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| 3BA | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| BDEVL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| BTDP.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Apr 2011 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 20:34 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.