Henry Boot Valuation

Is BOOT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BOOT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BOOT (£2.22) is trading below our estimate of fair value (£2.92)

Significantly Below Fair Value: BOOT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BOOT?

Key metric: As BOOT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BOOT. This is calculated by dividing BOOT's market cap by their current earnings.
What is BOOT's PE Ratio?
PE Ratio	26.2x
Earnings	UK£11.31m
Market Cap	UK£296.68m

BOOT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.4x
Enterprise Value/EBITDA	17.8x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

How does BOOT's PE Ratio compare to its peers?

The above table shows the PE ratio for BOOT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	12.5x
GLE MJ Gleeson	15.6x	15.0%	UK£301.2m
SPR Springfield Properties	14.1x	19.6%	UK£106.3m
CRN Cairn Homes	11.9x	5.5%	UK£1.1b
VTY Vistry Group	8.3x	13.3%	UK£2.1b
BOOT Henry Boot	26.2x	25.5%	UK£296.7m

Price-To-Earnings vs Peers: BOOT is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the peer average (12.5x).

Price to Earnings Ratio vs Industry

How does BOOT's PE Ratio compare vs other companies in the European Consumer Durables Industry?

5 Companies	Price / Earnings	Estimated Growth	Market Cap

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: BOOT is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the European Consumer Durables industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is BOOT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BOOT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	26.2x
Fair PE Ratio	19.5x

Price-To-Earnings vs Fair Ratio: BOOT is expensive based on its Price-To-Earnings Ratio (26.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BOOT forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	UK£2.22	UK£3.38 +52.4%	21.9%	UK£4.40	UK£2.65	n/a	3
Nov ’25	UK£2.28	UK£3.38 +48.4%	21.9%	UK£4.40	UK£2.65	n/a	3
Oct ’25	UK£2.28	UK£3.38 +48.4%	21.9%	UK£4.40	UK£2.65	n/a	3
Sep ’25	UK£2.24	UK£3.38 +51.0%	21.9%	UK£4.40	UK£2.65	n/a	3
Aug ’25	UK£2.28	UK£3.38 +48.4%	21.9%	UK£4.40	UK£2.65	n/a	3
Jul ’25	UK£2.06	UK£3.38 +64.2%	21.9%	UK£4.40	UK£2.65	n/a	3
Jun ’25	UK£2.02	UK£3.38 +67.5%	21.9%	UK£4.40	UK£2.65	n/a	3
May ’25	UK£1.87	UK£3.38 +80.9%	21.9%	UK£4.40	UK£2.65	n/a	3
Apr ’25	UK£1.80	UK£3.38 +88.0%	21.9%	UK£4.40	UK£2.65	n/a	3
Mar ’25	UK£1.86	UK£3.38 +81.9%	21.9%	UK£4.40	UK£2.65	n/a	3
Feb ’25	UK£1.85	UK£3.38 +82.9%	21.9%	UK£4.40	UK£2.65	n/a	3
Jan ’25	UK£2.08	UK£3.38 +62.7%	21.9%	UK£4.40	UK£2.65	n/a	3
Dec ’24	UK£1.95	UK£3.38 +74.0%	21.9%	UK£4.40	UK£2.65	n/a	3
Nov ’24	UK£1.73	UK£3.38 +95.6%	21.9%	UK£4.40	UK£2.65	UK£2.28	3
Oct ’24	UK£1.96	UK£3.38 +72.6%	21.9%	UK£4.40	UK£2.65	UK£2.28	3
Sep ’24	UK£2.06	UK£3.38 +64.2%	21.9%	UK£4.40	UK£2.65	UK£2.24	3
Aug ’24	UK£2.17	UK£3.38 +55.9%	21.9%	UK£4.40	UK£2.65	UK£2.28	3
Jul ’24	UK£2.10	UK£3.38 +61.1%	21.9%	UK£4.40	UK£2.65	UK£2.06	3
Jun ’24	UK£2.40	UK£3.38 +41.0%	21.9%	UK£4.40	UK£2.65	UK£2.02	3
May ’24	UK£2.39	UK£3.38 +41.6%	21.9%	UK£4.40	UK£2.65	UK£1.87	3
Apr ’24	UK£2.23	UK£3.38 +51.7%	21.9%	UK£4.40	UK£2.65	UK£1.80	3
Mar ’24	UK£2.27	UK£3.48 +53.5%	18.7%	UK£4.40	UK£2.95	UK£1.86	3
Feb ’24	UK£2.40	UK£3.48 +45.1%	18.7%	UK£4.40	UK£2.95	UK£1.85	3
Jan ’24	UK£2.35	UK£3.88 +65.2%	11.0%	UK£4.40	UK£3.35	UK£2.08	3
Dec ’23	UK£2.33	UK£3.88 +66.7%	11.0%	UK£4.40	UK£3.35	UK£1.95	3
Nov ’23	UK£2.40	UK£3.88 +61.8%	11.0%	UK£4.40	UK£3.35	UK£1.73	3

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.