LSE:BOOT

Stock Analysis Report

Executive Summary

Henry Boot PLC invests in, develops, and trades in properties in the United Kingdom.

Snowflake

Fundamentals

Flawless balance sheet, undervalued and pays a dividend.


Similar Companies

Share Price & News

How has Henry Boot's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

LSE:BOOT

-1.8%

GB Consumer Durables

-1.7%

GB Market


1 Year Return

-13.1%

LSE:BOOT

-8.5%

GB Consumer Durables

-5.7%

GB Market

BOOT underperformed the Consumer Durables industry which returned -8.5% over the past year.

BOOT underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.8% over the past year.


Share holder returns

BOOTIndustryMarket
7 Day-1.1%-1.8%-1.7%
30 Day-3.7%-4.5%-4.6%
90 Day-9.3%-7.4%-3.2%
1 Year-10.3%-13.1%-2.0%-8.5%-1.3%-5.7%
3 Year31.9%20.6%41.7%19.1%17.8%4.0%
5 Year34.5%16.3%94.2%48.1%26.9%0.2%

Price Volatility Vs. Market

How volatile is Henry Boot's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Henry Boot undervalued based on future cash flows and its price relative to the stock market?

45%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Henry Boot's share price is below the future cash flow value, and at a moderate discount (> 20%).

Henry Boot's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Henry Boot is good value based on earnings compared to the GB Consumer Durables industry average.

Henry Boot is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.


Price Based on Expected Growth

Henry Boot is poor value based on expected growth next year.


Price Based on Value of Assets

Henry Boot is good value based on assets compared to the GB Consumer Durables industry average.


Next Steps

Future Growth

How is Henry Boot expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

4.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Henry Boot's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Henry Boot's earnings are expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).

Henry Boot's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.

Henry Boot's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.

Henry Boot's earnings growth is expected to exceed the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Henry Boot is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Henry Boot performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Henry Boot has delivered over 20% year on year earnings growth in the past 5 years.

Henry Boot's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Henry Boot's 1-year earnings growth is negative, it can't be compared to the GB Consumer Durables industry average.


Return on Equity

Henry Boot has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Henry Boot used its assets less efficiently than the GB Consumer Durables industry average last year based on Return on Assets.


Return on Capital Employed

Henry Boot has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Henry Boot's financial position?


Financial Position Analysis

Henry Boot is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Henry Boot's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Henry Boot's level of debt (8.6%) 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 (26.6% vs 8.6% today).

Debt is well covered by operating cash flow (41.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 43.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 10.3x debt.


Next Steps

Dividend

What is Henry Boot's current dividend yield, its reliability and sustainability?

4.48%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Henry Boot's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.09%).

Henry Boot's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.76%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).


Next Steps

Management

What is the CEO of Henry Boot's salary, the management and board of directors tenure and is there insider trading?

9.6yrs

Average management tenure


CEO

John Sutcliffe (59yo)

3.6yrs

Tenure

UK£1,262,000

Compensation

Mr. John T. Sutcliffe, BA, ACA, has been Chief Executive of Henry Boot PLC since January 1, 2016. Mr. Sutcliffe has been Chairman and Group Chief Executive Officer of Henry Boot Construction Limited since  ...


CEO Compensation Analysis

John's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

John's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

9.6yrs

Average Tenure

55.5yo

Average Age

The average tenure for the Henry Boot management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

3.6yrs

Average Tenure

57yo

Average Age

The tenure for the Henry Boot board of directors is about average.


Insider Trading

Henry Boot individual insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyUK£63,00024 Jun 19
Henry Boot Plc, Employee Benefit Trust
EntityCompany
Shares25,000
Max PriceUK£2.52
BuyUK£9,36520 Jun 19
Darren Littlewood
EntityIndividual
Role
Group Finance Director & Executive Director
Member of the Board of Directors
Shares3,748
Max PriceUK£2.50
BuyUK£62,50018 Jun 19
Henry Boot Plc, Employee Benefit Trust
EntityCompany
Shares25,000
Max PriceUK£2.50
BuyUK£75,45007 Jun 19
Henry Boot Plc, Employee Benefit Trust
EntityCompany
Shares30,000
Max PriceUK£2.52
SellUK£75,42007 Jun 19
John Sutcliffe
EntityIndividual
Role
CEO & Executive Director
Member of the Board of Directors
Shares30,000
Max PriceUK£2.51
SellUK£581,62509 Apr 19
Jonathan Sykes
EntityIndividual
Role
Member of the Board of Directors
Shares225,000
Max PriceUK£2.59
BuyUK£5,18021 Jan 19
Gerald Jennings
EntityIndividual
Role
Member of the Board of Directors
Shares2,000
Max PriceUK£2.59
BuyUK£5,95418 Dec 18
Darren Littlewood
EntityIndividual
Role
Group Finance Director & Executive Director
Member of the Board of Directors
Shares2,500
Max PriceUK£2.38
BuyUK£6,10317 Dec 18
Darren Littlewood
EntityIndividual
Role
Group Finance Director & Executive Director
Member of the Board of Directors
Shares2,500
Max PriceUK£2.44
BuyUK£14,15704 Oct 18
Darren Littlewood
EntityIndividual
Role
Group Finance Director & Executive Director
Member of the Board of Directors
Shares5,000
Max PriceUK£2.83
BuyUK£7,23002 Oct 18
Darren Littlewood
EntityIndividual
Role
Group Finance Director & Executive Director
Member of the Board of Directors
Shares2,500
Max PriceUK£2.89
BuyUK£144,50025 Sep 18
Henry Boot Plc, Employee Benefit Trust
EntityCompany
Shares50,000
Max PriceUK£2.89
BuyUK£22,73921 Sep 18
Darren Littlewood
EntityIndividual
Role
Group Finance Director & Executive Director
Member of the Board of Directors
Shares7,794
Max PriceUK£2.92
BuyUK£58,00011 Sep 18
Henry Boot Plc, Employee Benefit Trust
EntityCompany
Shares20,000
Max PriceUK£2.90
BuyUK£139,91028 Aug 18
Henry Boot Plc, Employee Benefit Trust
EntityCompany
Shares50,000
Max PriceUK£2.80

Ownership Breakdown


Management Team

  • Nick Duckworth (51yo)

    Managing Director of Hallam Land Management Limited

    • Tenure: 3.6yrs
  • David Anderson (52yo)

    Managing Director of Henry Boot Developments Limited

    • Tenure: 14.1yrs
  • John Sutcliffe (59yo)

    CEO & Executive Director

    • Tenure: 3.6yrs
    • Compensation: £1.26m
  • Darren Littlewood

    Group Finance Director & Executive Director

    • Tenure: 3.7yrs
    • Compensation: £607.00k
  • Amy Oakley

    Head of Legal and Commercial & Company Secretary

  • Darren Stubbs (49yo)

    Managing Director of Stonebridge Homes Limited

    • Tenure: 9.6yrs
  • Rachel White

    Head of Human Resources

  • Simon Carr (61yo)

    Managing Director of Henry Boot Construction Limited

    • Tenure: 9.9yrs
  • Richard Grafton

    Head of Policy & Compliance

  • Giles Boot (59yo)

    Managing Director of Banner Plant Limited

    • Tenure: 19.6yrs

Board Members

  • John Sutcliffe (59yo)

    CEO & Executive Director

    • Tenure: 12.8yrs
    • Compensation: £1.26m
  • Jamie Boot (67yo)

    Chairman of the Board

    • Tenure: 3.6yrs
    • Compensation: £85.00k
  • Jonathan Sykes (54yo)

    Non-Independent Non-Executive Director

    • Tenure: 8.4yrs
    • Compensation: £45.00k
  • Joanne Lake (55yo)

    Deputy Chairman

    • Tenure: 3.6yrs
    • Compensation: £45.00k
  • Darren Littlewood

    Group Finance Director & Executive Director

    • Tenure: 3.6yrs
    • Compensation: £607.00k
  • Peter Mawson

    Senior Independent Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: £45.00k
  • Gerald Jennings

    Independent Non-Executive Director

    • Tenure: 3.8yrs
    • Compensation: £45.00k

Company Information

Henry Boot PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Henry Boot PLC
  • Ticker: BOOT
  • Exchange: LSE
  • Founded: 1886
  • Industry: homebuilding
  • Sector: consumer durables
  • Market Cap: UK£311.999m
  • Shares outstanding: 132.77m
  • Website: Click here

Number of Employees


Location

  • Henry Boot PLC
  • Banner Cross Hall
  • Ecclesall Road South
  • Sheffield
  • South Yorkshire
  • S11 9PD
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOOTLSE (London Stock Exchange)YesOrdinary SharesGBGBPMay 1992
0KHBST (Boerse-Stuttgart)YesOrdinary SharesDEEURMay 1992

Biography

Henry Boot PLC invests in, develops, and trades in properties in the United Kingdom. It operates through Property Investment and Development, Land Promotion, and Construction segments. The company develops ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 20:38
End of Day Share Price2019/08/16 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.