Upcoming Dividend • Mar 30
Upcoming dividend of UK£0.014 per share at 2.8% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of British dividend payers (6.0%). In line with average of industry peers (3.0%). Reported Earnings • Mar 09
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: UK£0.067 (up from UK£0.046 in FY 2021). Revenue: UK£1.40b (up 13% from FY 2021). Net income: UK£112.5m (up 43% from FY 2021). Profit margin: 8.1% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 1.5%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Feb 08
Breedon Group plc to Report Fiscal Year 2022 Results on Mar 08, 2023 Breedon Group plc announced that they will report fiscal year 2022 results at 7:00 AM, Coordinated Universal Time on Mar 08, 2023 Board Change • Oct 31
High number of new directors Independent Non-Executive Director Pauline Lafferty was the last director to join the board, commencing their role in 2021. Price Target Changed • Aug 01
Price target decreased to UK£0.94 Down from UK£1.02, the current price target is an average from 10 analysts. New target price is 36% above last closing price of UK£0.69. Stock is down 35% over the past year. The company is forecast to post earnings per share of UK£0.063 for next year compared to UK£0.046 last year. Reported Earnings • Jul 28
First half 2022 earnings released: EPS: UK£0.029 (vs UK£0.014 in 1H 2021) First half 2022 results: EPS: UK£0.029 (up from UK£0.014 in 1H 2021). Revenue: UK£671.1m (up 12% from 1H 2021). Net income: UK£49.2m (up 107% from 1H 2021). Profit margin: 7.3% (up from 4.0% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.4%, compared to a 4.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 27
Price target decreased to UK£0.99 Down from UK£1.08, the current price target is an average from 10 analysts. New target price is 41% above last closing price of UK£0.70. Stock is down 36% over the past year. The company is forecast to post earnings per share of UK£0.062 for next year compared to UK£0.046 last year. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Pauline Lafferty was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 14
Upcoming dividend of UK£0.011 per share Eligible shareholders must have bought the stock before 21 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (3.7%). Reported Earnings • Mar 10
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: UK£0.046 (up from UK£0.02 in FY 2020). Revenue: UK£1.23b (up 33% from FY 2020). Net income: UK£78.5m (up 134% from FY 2020). Profit margin: 6.4% (up from 3.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 4.9%, compared to a 21% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Executive Departure • Aug 04
Independent Non-Executive Director Mansura Mannings has left the company On the 31st of July, Mansura Mannings' tenure as Independent Non-Executive Director ended after 1.7 years in the role. We don't have any record of a personal shareholding under Mansura's name. Mansura is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.00 years. Major Estimate Revision • Jul 29
Consensus EPS estimates increase to UK£0.046 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from UK£1.10b to UK£1.17b. EPS estimate increased from UK£0.04 to UK£0.046 per share. Net income forecast to grow 15% next year vs 46% growth forecast for Basic Materials industry in the United Kingdom. Consensus price target up from UK£1.11 to UK£1.18. Share price was steady at UK£1.09 over the past week. Reported Earnings • Jul 24
First half 2021 earnings released: EPS UK£0.014 (vs UK£0.008 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£600.9m (up 79% from 1H 2020). Net income: UK£23.8m (up UK£37.6m from 1H 2020). Profit margin: 4.0% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Price Target Changed • Jun 15
Price target increased to UK£1.06 Up from UK£0.98, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of UK£1.08. Stock is up 44% over the past year. Major Estimate Revision • Mar 24
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from UK£0.047 to UK£0.041 per share. Revenue forecast steady at UK£1.09b. Net income forecast to grow 88% next year vs 88% growth forecast for Basic Materials industry in the United Kingdom. Consensus price target broadly unchanged at UK£0.99. Share price was steady at UK£0.89 over the past week. Reported Earnings • Mar 11
Full year 2020 earnings released: EPS UK£0.02 (vs UK£0.046 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: UK£928.7m (flat on FY 2019). Net income: UK£33.6m (down 57% from FY 2019). Profit margin: 3.6% (down from 8.4% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 11
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 16%, compared to a 11% growth forecast for the Basic Materials industry in the United Kingdom. Is New 90 Day High Low • Feb 22
New 90-day high: UK£0.93 The company is up 12% from its price of UK£0.83 on 24 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.25 per share. Recent Insider Transactions • Jan 26
Chief Financial Officer recently bought UK£65k worth of stock On the 22nd of January, James Brotherton bought around 75k shares on-market at roughly UK£0.87 per share. This was the largest purchase by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Is New 90 Day High Low • Dec 17
New 90-day high: UK£0.88 The company is up 15% from its price of UK£0.76 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Basic Materials industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.03 per share. Is New 90 Day High Low • Nov 20
New 90-day high: UK£0.84 The company is up 4.0% from its price of UK£0.81 on 21 August 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.86 per share. Is New 90 Day High Low • Oct 27
New 90-day low: UK£0.70 The company is down 12% from its price of UK£0.79 on 29 July 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.94 per share. Major Estimate Revision • Oct 12
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from UK£0.018 to UK£0.02. Revenue estimate for the same period was approximately flat at UK£874.9m. Net income is expected to grow by 65% next year compared to 65% growth forecast for the Basic Materials industry in the United Kingdom. The consensus price target of UK£0.98 was unchanged from the last update. Share price is up 4.0% to UK£0.73 over the past week. Is New 90 Day High Low • Sep 30
New 90-day low: UK£0.71 The company is down 8.0% from its price of UK£0.77 on 02 July 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£0.90 per share.