Berkeley Group Holdings
Market Cap
UK£5.1b
Last Updated
2020/05/30 11:22 UTC
Data Sources
Company Financials +
Executive Summary
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Berkeley Group Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BKG's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.4%
BKG
5.9%
GB Consumer Durables
2.5%
GB Market
1 Year Return
17.1%
BKG
-5.1%
GB Consumer Durables
-12.4%
GB Market
Return vs Industry: BKG exceeded the UK Consumer Durables industry which returned -5.1% over the past year.
Return vs Market: BKG exceeded the UK Market which returned -12.4% over the past year.
Shareholder returns
| BKG | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | 5.9% | 2.5% |
| 30 Day | -2.1% | -3.9% | 2.8% |
| 90 Day | -13.9% | -26.6% | -7.2% |
| 1 Year | 21.3%17.1% | -0.8%-5.1% | -8.2%-12.4% |
| 3 Year | 38.2%28.2% | 2.6%-12.6% | -5.9%-17.5% |
| 5 Year | 62.0%33.2% | 29.3%-0.6% | 12.5%-12.9% |
Price Volatility Vs. Market
How volatile is Berkeley Group Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Does Berkeley Group Holdings (LON:BKG) Have A Healthy Balance Sheet?1 week ago | Simply Wall St
Why The Berkeley Group Holdings plc’s (LON:BKG) Return On Capital Employed Is Impressive3 weeks ago | Simply Wall St
When Should You Buy The Berkeley Group Holdings plc (LON:BKG)?Valuation
Is Berkeley Group Holdings undervalued compared to its fair value and its price relative to the market?
9.94x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BKG (£40.95) is trading above our estimate of fair value (£39.59)
Significantly Below Fair Value: BKG is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BKG is poor value based on its PE Ratio (9.9x) compared to the Consumer Durables industry average (8.7x).
PE vs Market: BKG is good value based on its PE Ratio (9.9x) compared to the UK market (14.7x).
Price to Earnings Growth Ratio
PEG Ratio: BKG is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: BKG is overvalued based on its PB Ratio (1.7x) compared to the GB Consumer Durables industry average (1x).
Next Steps
Future Growth
How is Berkeley Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
3.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BKG's forecast earnings growth (3.8% per year) is above the savings rate (1.2%).
Earnings vs Market: BKG's earnings (3.8% per year) are forecast to grow slower than the UK market (20.3% per year).
High Growth Earnings: BKG's earnings are forecast to grow, but not significantly.
Revenue vs Market: BKG's revenue (5.1% per year) is forecast to grow faster than the UK market (3.7% per year).
High Growth Revenue: BKG's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BKG's Return on Equity is forecast to be low in 3 years time (11.5%).
Next Steps
Past Performance
How has Berkeley Group Holdings performed over the past 5 years?
11.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKG has high quality earnings.
Growing Profit Margin: BKG's current net profit margins (23.5%) are lower than last year (24.1%).
Past Earnings Growth Analysis
Earnings Trend: BKG's earnings have grown by 11.6% per year over the past 5 years.
Accelerating Growth: BKG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BKG had negative earnings growth (-22.9%) over the past year, making it difficult to compare to the Consumer Durables industry average (-6.6%).
Return on Equity
High ROE: BKG's Return on Equity (17.3%) is considered low.
Next Steps
Financial Health
How is Berkeley Group Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: BKG's short term assets (£4.7B) exceed its short term liabilities (£1.6B).
Long Term Liabilities: BKG's short term assets (£4.7B) exceed its long term liabilities (£418.1M).
Debt to Equity History and Analysis
Debt Level: BKG's debt to equity ratio (9.8%) is considered satisfactory.
Reducing Debt: BKG's debt to equity ratio has increased from 0.3% to 9.8% over the past 5 years.
Debt Coverage: BKG's debt is well covered by operating cash flow (91.6%).
Interest Coverage: BKG earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Berkeley Group Holdings's current dividend yield, its reliability and sustainability?
2.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BKG's dividend (2.92%) is higher than the bottom 25% of dividend payers in the UK market (2.04%).
High Dividend: BKG's dividend (2.92%) is low compared to the top 25% of dividend payers in the UK market (5.67%).
Stability and Growth of Payments
Stable Dividend: BKG has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BKG's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29%), BKG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BKG's dividends in 3 years are forecast to be covered by earnings (63.7% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Rob Perrins (54yo)
10.67yrs
Tenure
UK£7,809,000
Compensation
Mr. Rob C. Perrins, BSC (Hons), FCA, has been Chief Executive of The Berkeley Group Holdings plc since September 9, 2009. Mr. Perrins served as Managing Director of The Berkeley Group Holdings plc since Se ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD9.64M) is above average for companies of similar size in the UK market ($USD3.36M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Group Executive Chairman | 10.67yrs | UK£8.26m | 1.34% £68.5m | |
| CEO & Executive Director | 10.67yrs | UK£7.81m | 0.92% £47.2m | |
| Group Finance Director & Executive Director | 5.08yrs | UK£3.19m | 0.13% £6.9m | |
| Executive Director | 10.67yrs | UK£3.15m | 0.23% £11.8m | |
| Executive Director | 9.67yrs | UK£4.96m | 0.23% £11.6m | |
| Executive Director | no data | UK£2.28m | 0.039% £2.0m | |
| Executive Director | no data | UK£2.29m | 0.041% £2.1m | |
| Managing Director of St William. | no data | no data | no data | |
| Company Secretary | 2yrs | no data | no data | |
| Managing Director of Berkeley Homes Southern | no data | no data | no data |
3.8yrs
Average Tenure
54yo
Average Age
Experienced Management: BKG's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Group Executive Chairman | 10.67yrs | UK£8.26m | 1.34% £68.5m | |
| CEO & Executive Director | 10.67yrs | UK£7.81m | 0.92% £47.2m | |
| Group Finance Director & Executive Director | 5.08yrs | UK£3.19m | 0.13% £6.9m | |
| Executive Director | 10.67yrs | UK£3.15m | 0.23% £11.8m | |
| Executive Director | 9.67yrs | UK£4.96m | 0.23% £11.6m | |
| Executive Director | no data | UK£2.28m | 0.039% £2.0m | |
| Executive Director | no data | UK£2.29m | 0.041% £2.1m | |
| Independent Non-Executive Director | 12.58yrs | UK£80.00k | 0.0055% £282.2k | |
| Deputy Chairman & Senior Independent Director | 2.08yrs | UK£119.50k | 0.0075% £385.3k | |
| Independent Non-Executive Director | 6.42yrs | UK£79.00k | 0.0024% £122.6k |
10.2yrs
Average Tenure
60yo
Average Age
Experienced Board: BKG's board of directors are seasoned and experienced ( 10.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BKG 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
The Berkeley Group Holdings plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: The Berkeley Group Holdings plc
- Ticker: BKG
- Exchange: LSE
- Founded: 1976
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: UK£5.130b
- Shares outstanding: 125.28m
- Website: https://www.berkeleygroup.co.uk
Number of Employees
Location
- The Berkeley Group Holdings plc
- Berkeley House
- 19 Portsmouth Road
- Cobham
- Surrey
- KT11 1JG
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BKG | LSE (London Stock Exchange) | Yes | New Ordinary Shares | GB | GBP | Jan 1992 |
| 42BA | DB (Deutsche Boerse AG) | Yes | New Ordinary Shares | DE | EUR | Jan 1992 |
| BKGL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Ordinary Shares | GB | GBP | Jan 1992 |
| BKG N | BMV (Bolsa Mexicana de Valores) | Yes | New Ordinary Shares | MX | MXN | Jan 1992 |
| BKGF.F | OTCPK (Pink Sheets LLC) | Units | US | USD | Apr 2005 | |
| BKGF.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2008 |
Biography
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. It operates under the Berkeley, St Edward, St George, St James, St Joseph, St William, Berkeley First, Berkeley Commercial, Berkeley Partnership, and Berkeley Modular brands. The company was founded in 1976 and is headquartered in Cobham, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/30 11:22 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2019/10/31 |
| Annual Earnings | 2019/04/30 |
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.