Barratt Developments (BDEV)

Sector:

Household Goods

Index:

FTSE 100

478.70p
   
  • Change Today:
      18.40p
  • 52 Week High: 566.40p
  • 52 Week Low: 392.30p
  • Currency: UK Pounds
  • Shares Issued: 974.59m
  • Volume: 5,117,786
  • Market Cap: £4,665.37m
  • RiskGrade: 174

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 8.1% 8.1% 4.2% 0.0% 5.1%
           
Continuing Operations          
PE Ratio - Adjusted 6.1 5.5 9.5 12.6 7.8
PE Ratio - Diluted 7.9
8.5		 9.2
5.6		 10.9
9.9		 12.7
12.4		 7.9
7.9
PEG - Adjusted n/a 0.4 0.1 n/a 0.8
PEG - Diluted 1.3
n/a		 n/a
0.3		 0.2
0.1		 n/a
n/a		 0.8
0.8
Return on Capital Employed 13.44%
13.44%		 12.80%
20.69%		 0.18%
0.19%		 12.13%
12.45%		 21.55%
21.55%
Operating Margin 13.29%
13.29%		 12.27%
20.02%		 16.86%
18.56%		 14.43%
14.84%		 18.88%
18.88%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.1 5.5 937.0 12.6 7.8
PE Ratio - Diluted 7.9
8.5		 9.2
5.6		 1,076.1
984.2		 12.7
12.3		 7.9
7.9
PEG - Adjusted n/a 0.0 n/a n/a 0.0
PEG - Diluted 1.3
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.0
0.0

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Net Gearing (18.22%) (19.51%) (23.35%) (5.26%) (15.60%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Price/Book Value 0.9 1.0 1.6 1.3 1.5
Price/Tangible Book Value 0.9 1.0 1.6 1.3 1.5
Price/ Cash Flow 8.9 11.2 6.5 (41.6) 16.0
Price/Revenue 0.77 0.88 145.48 1.47 1.21
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 456.55p 448.90p 447.29p 387.94p 392.00p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
Revenue 5,321.40 5,267.90 48.57 3,419.20 4,763.10
EBITDA 736.30
736.30		 670.10
1,078.30		 8.20
9.03		 520.70
534.60		 910.70
910.70
Depreciation (28.90)
(28.90)		 (23.50)
(23.50)		 (0.01)
(0.01)		 (27.30)
(27.30)		 (11.30)
(11.30)
Net Interest (11.10)
(11.10)		 (27.60)
(27.60)		 (0.27)
(0.27)		 (29.90)
(29.90)		 (28.80)
(28.80)
Profit Before Tax 705.10
705.10		 642.30
1,054.80		 8.20
9.03		 491.80
505.70		 909.80
909.80
           
Revenue per Share 534.12p 517.12p 4.78p 337.23p 471.41p
Pre-Tax Profit per Share 70.77p
70.77p		 63.05p
103.54p		 0.81p
0.89p		 48.51p
49.88p		 90.04p
90.04p
Market Capitalisation £ (Millions) 4,029.91 4,677.20 7,079.44 5,049.76 5,823.26
Enterprise Value (EV) £ (Millions) 4,248.41 4,921.70 7,325.44 5,415.26 6,199.76
EBITDA/EV 17.33%
17.33%		 13.62%
21.91%		 0.11%
0.12%		 9.62%
9.87%		 14.69%
14.69%
Operating Margin 13.29%
13.29%		 12.27%
20.02%		 16.86%
18.56%		 14.43%
14.84%		 18.88%
18.88%
Capital Employed £ (Millions) 5,329.60 5,232.10 4,801.10 4,301.20 4,356.10
Return on Capital Employed 13.44%
13.44%		 12.80%
20.69%		 0.18%
0.19%		 12.13%
12.45%		 21.55%
21.55%
Invested Equity Capital £ (Millions) 6,127.30 6,035.20 5,459.90 4,841.30 4,879.70
           
Earnings per Share - Basic 53.20p
49.28p		 50.60p
82.96p		 64.90p
70.97p		 39.40p
40.54p		 73.20p
73.24p
Earnings per Share - Diluted 52.60p
48.87p		 49.80p
81.96p		 64.00p
69.97p		 38.90p
39.97p		 72.30p
72.25p
Earnings per Share - Adjusted 67.30p 83.00p 73.50p 39.40p 73.20p
Earnings per Share Growth - Basic 5%
-41%		 -22%
17%		 65%
75%		 -46%
-45%		 10%
10%
Earnings per Share Growth - Diluted 6%
-40%		 -22%
17%		 64%
75%		 -46%
-45%		 10%
10%
Earnings per Share Growth - Adjusted -19% 13% 86% -46% 10%
PE Ratio - Diluted 7.9
8.5		 9.2
5.6		 10.9
9.9		 12.7
12.4		 7.9
7.9
PEG - Diluted 1.3
n/a		 n/a
0.3		 0.2
0.1		 n/a
n/a		 0.8
0.8
Tax Rate 25.10% 20.53% 19.39% 19.22% 19.57%
Dividend Cover 2.00
1.46		 2.25
2.25		 2.50
2.41		 n/a
n/a		 2.52
2.52
Interest Cover 21.20
21.20		 22.34
36.04		 30.01
32.93		 15.05
15.45		 26.34
26.34
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 53.20p
49.28p		 50.60p
82.96p		 0.66p
0.72p		 39.40p
40.79p		 73.20p
73.24p
Earnings per Share - Diluted 52.60p
48.87p		 49.80p
81.96p		 0.65p
0.71p		 38.90p
40.23p		 72.30p
72.25p
Earnings per Share - Adjusted 67.30p 83.00p 0.74p 39.40p 73.20p
Earnings per Share Growth - Basic 5%
-41%		 7,624%
11,481%		 -98%
-98%		 -46%
-44%		 230%
231%
Earnings per Share Growth - Diluted 6%
-40%		 7,609%
11,504%		 -98%
-98%		 -46%
-44%		 229%
229%
Earnings per Share Growth - Adjusted -19% 11,087% -98% -46% 230%
PE Ratio - Diluted 7.9
8.5		 9.2
5.6		 1,076.1
984.2		 12.7
12.3		 7.9
7.9
PEG - Diluted 1.3
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a		 0.0
0.0
Dividend Cover 2.00
1.46		 2.25
2.25		 0.03
0.02		 n/a
n/a		 2.52
2.52
Return on Equity (ROE) 8.65%
8.01%		 8.53%
14.00%		 0.12%
0.13%		 8.26%
8.54%		 15.16%
15.16%
Operating Cash Flow per Share 46.72p 40.99p 106.48p (11.93p) 35.76p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (7.00p) (17.98p) 0.89p (50.91p) (3.98p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 33.70p 36.90p 29.40p n/a 29.10p
Dividend per Share Growth (8.67%) 25.51% n/a n/a 9.81%
Dividend Yield 8.1% 8.1% 4.2% 0.0% 5.1%
Shareholders Funds 5,595.90 5,630.50 5,451.00 4,838.90 4,862.10
Net Borrowings £ (Millions) (1,019.50) (1,098.30) (1,272.60) (254.30) (758.30)
Net Asset Value per Share (inc. Intangibles) 456.50p 448.83p 447.18p 387.80p 391.32p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds inc Intangibles 5,595.90 5,630.50 5,451.00 4,838.90 4,862.10
Net Borrowings £ (Millions) (1,019.50) (1,098.30) (1,272.60) (254.30) (758.30)
Net Gearing (18.22%) (19.51%) (23.35%) (5.26%) (15.60%)
Cash & Near Cash 1,269.10 1,352.70 1,518.60 619.80 1,136.00
Cash 22.68% 24.02% 27.86% 12.81% 23.36%
Gross Borrowings 249.60 254.40 246.00 365.50 377.70
Gross Gearing 4.46% 4.52% 4.51% 7.55% 7.77%
Borrowings Under 5 years 249.60 254.40 246.00 365.50 377.70
Under 5 years 4.46% 4.52% 4.51% 7.55% 7.77%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds exc Intangibles 4,548.10 4,572.20 4,545.10 3,931.90 3,953.90
Net Borrowings £ (Millions) (1,019.50) (1,098.30) (1,272.60) (254.30) (758.30)
Net Gearing (22.42%) (24.02%) (28.00%) (6.47%) (19.18%)
Cash & Near Cash 1,269.10 1,352.70 1,518.60 619.80 1,136.00
Cash 27.90% 29.59% 33.41% 15.76% 28.73%
Gross Borrowings 249.60 254.40 246.00 365.50 377.70
Gross Gearing 5.49% 5.56% 5.41% 9.30% 9.55%
Borrowings Under 5 years 249.60 254.40 246.00 365.50 377.70
Under 5 years 5.49% 5.56% 5.41% 9.30% 9.55%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Quick Ratio 1.02 0.94 1.14 0.48 0.73
Current Ratio 4.62 4.04 4.27 3.91 3.32

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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