Barratt Developments
Market Cap
UK£5.5b
Last Updated
2020/06/04 08:16 UTC
Data Sources
Company Financials +
Executive Summary
Barratt Developments PLC engages in the housebuilding and commercial development businesses in Great Britain.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and good value.
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
Stable Share Price: BDEV's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.1%
BDEV
5.6%
GB Consumer Durables
3.7%
GB Market
1 Year Return
-4.3%
BDEV
-1.6%
GB Consumer Durables
-9.5%
GB Market
Return vs Industry: BDEV underperformed the UK Consumer Durables industry which returned -1.6% over the past year.
Return vs Market: BDEV exceeded the UK Market which returned -9.5% over the past year.
Shareholder returns
| BDEV | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 5.6% | 3.7% |
| 30 Day | 3.9% | 3.4% | 10.8% |
| 90 Day | -26.6% | -22.9% | -5.0% |
| 1 Year | 1.8%-4.3% | 3.0%-1.6% | -5.1%-9.5% |
| 3 Year | 12.4%-8.9% | 9.1%-7.0% | -1.7%-13.7% |
| 5 Year | 20.1%-12.7% | 32.9%2.6% | 16.4%-9.7% |
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
17 hours ago | Simply Wall St
How Much Of Barratt Developments PLC (LON:BDEV) Do Institutions Own?1 week ago | Simply Wall St
How Many Barratt Developments PLC (LON:BDEV) Shares Have Insiders Sold, In The Last Year?3 weeks ago | Simply Wall St
At UK£4.79, Is Barratt Developments PLC (LON:BDEV) Worth Looking At Closely?Valuation
Is Barratt Developments undervalued compared to its fair value and its price relative to the market?
33.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BDEV (£5.38) is trading below our estimate of fair value (£8.02)
Significantly Below Fair Value: BDEV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BDEV is good value based on its PE Ratio (7.2x) compared to the Consumer Durables industry average (9.1x).
PE vs Market: BDEV is good value based on its PE Ratio (7.2x) compared to the UK market (15x).
Price to Earnings Growth Ratio
PEG Ratio: BDEV is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: BDEV is overvalued based on its PB Ratio (1.1x) compared to the GB Consumer Durables industry average (1.1x).
Next Steps
Future Growth
How is Barratt Developments forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
6.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDEV's forecast earnings growth (6.6% per year) is above the savings rate (1.2%).
Earnings vs Market: BDEV's earnings (6.6% per year) are forecast to grow slower than the UK market (20.9% per year).
High Growth Earnings: BDEV's earnings are forecast to grow, but not significantly.
Revenue vs Market: BDEV's revenue (7.2% per year) is forecast to grow faster than the UK market (3.5% per year).
High Growth Revenue: BDEV's revenue (7.2% 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 (11.5%).
Next Steps
Past Performance
How has Barratt Developments performed over the past 5 years?
11.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDEV has high quality earnings.
Growing Profit Margin: BDEV's current net profit margins (15.4%) are higher than last year (14.5%).
Past Earnings Growth Analysis
Earnings Trend: BDEV's earnings have grown by 11.9% per year over the past 5 years.
Accelerating Growth: BDEV's earnings growth over the past year (3.1%) is below its 5-year average (11.9% per year).
Earnings vs Industry: BDEV earnings growth over the past year (3.1%) exceeded the Consumer Durables industry -6.6%.
Return on Equity
High ROE: BDEV's Return on Equity (15.5%) is considered low.
Next Steps
Financial Health
How is Barratt Developments's financial position?
Financial Position Analysis
Short Term Liabilities: BDEV's short term assets (£5.8B) exceed its short term liabilities (£1.5B).
Long Term Liabilities: BDEV's short term assets (£5.8B) exceed its long term liabilities (£621.6M).
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 5.7% to 4.1% over the past 5 years.
Debt Coverage: BDEV's debt is well covered by operating cash flow (200.8%).
Interest Coverage: BDEV's interest payments on its debt are well covered by EBIT (30.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Barratt Developments's current dividend yield, its reliability and sustainability?
4.91%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BDEV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BDEV's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BDEV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BDEV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: BDEV is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BDEV's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.4yrs
Average management tenure
CEO
David Thomas (56yo)
4.92yrs
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 ($USD4.55M) is above average for companies of similar size in the UK market ($USD3.41M).
Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive & Executive Director | 4.92yrs | UK£3.61m | 0.099% £5.4m | |
| CFO & Executive Director | 3yrs | UK£1.20m | 0.0067% £364.4k | |
| COO, Deputy CEO & Executive Director | 18.92yrs | UK£2.92m | 0.045% £2.5m | |
| Group Design & Technical Director | no data | no data | no data | |
| Interim Head of Investor Relations | 1.75yrs | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Group Sales & Marketing Director | no data | no data | no data | |
| Group Human Resources Director | 7.83yrs | no data | no data | |
| Regional Managing Director of London & Southern | 14.42yrs | no data | no data | |
| Managing Director of Wilson Bowden Developments | no data | no data | no data |
6.4yrs
Average Tenure
56yo
Average Age
Experienced Management: BDEV's management team is seasoned and experienced (6.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive & Executive Director | 4.92yrs | UK£3.61m | 0.099% £5.4m | |
| CFO & Executive Director | 3yrs | UK£1.20m | 0.0067% £364.4k | |
| COO, Deputy CEO & Executive Director | 18.92yrs | UK£2.92m | 0.045% £2.5m | |
| Independent Non-Executive Chairman | 5.58yrs | UK£327.00k | 0.0076% £412.4k | |
| Senior Independent Director | 3.58yrs | UK£88.00k | 0.0059% £322.4k | |
| Independent Non-Executive Director | 7.5yrs | UK£62.00k | 0.00084% £45.8k | |
| Non-Executive Director | 3.92yrs | UK£74.00k | 0.00099% £54.0k | |
| Independent Non-Executive Director | 2.42yrs | UK£62.00k | no data |
4.8yrs
Average Tenure
59yo
Average Age
Experienced Board: BDEV's board of directors are considered experienced (4.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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£5.455b
- 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 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/04 08:16 |
| End of Day Share Price | 2020/06/03 00:00 |
| Earnings | 2019/12/31 |
| 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.