Balfour Beatty (BBY)

Sector:

Construction and Building Materials

Index:

FTSE 250

510.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 523.50p
  • 52 Week Low: 378.20p
  • Currency: UK Pounds
  • Shares Issued: 502.45m
  • Volume: 1,367,669
  • Market Cap: £2,562.52m
  • RiskGrade: 123
  • Beta: 0.01

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Annualisation Factor 1.0 1.0 1.0 n/a 1.0
Dividend Yield 2.7% 3.5% 3.1% 3.4% 0.6%
           
Continuing Operations          
PE Ratio - Adjusted 10.4 8.9 7.1 8.8 61.4
PE Ratio - Diluted 13.5
10.6		 9.5
9.0		 7.3
7.2		 12.4
9.2		 61.4
98.1
PEG - Adjusted 0.6 n/a 0.1 0.0 n/a
PEG - Diluted n/a
0.6		 n/a
n/a		 0.1
0.1		 0.0
0.0		 n/a
n/a
Return on Capital Employed 15.45%
18.41%		 20.71%
21.48%		 21.12%
21.35%		 0.08%
0.16%		 5.58%
3.90%
Operating Margin 2.38%
2.98%		 3.00%
3.14%		 4.98%
5.02%		 0.56%
1.88%		 0.34%
0.08%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 10.4 8.9 7.1 873.9 61.4
PE Ratio - Diluted 13.5
10.6		 9.5
9.0		 7.3
7.2		 1,230.1
907.1		 61.4
98.1
PEG - Adjusted 0.6 n/a 0.0 n/a n/a
PEG - Diluted n/a
0.6		 n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Net Gearing (39.79%) (36.31%) (32.00%) (30.53%) (10.40%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Price/Book Value 296.2 24.6 9.6 6.5 8.4
Price/Tangible Book Value (2,369.5) 28.4 9.8 6.7 8.7
Price/ Cash Flow 8.9 6.5 12.3 4.9 6.8
Price/Revenue 0.29 0.23 0.27 23.73 0.25
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 1.54p 13.44p 35.13p 40.03p 32.31p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Continuing Operations          
Revenue 8,234.00 7,993.00 7,629.00 72.53 7,320.00
EBITDA 325.00
374.00		 354.00
365.00		 491.00
494.00		 1.50
2.46		 133.00
114.00
Depreciation (129.00)
(129.00)		 (114.00)
(114.00)		 (111.00)
(111.00)		 (1.10)
(1.10)		 (108.00)
(108.00)
Net Interest (41.00)
(41.00)		 (49.00)
(49.00)		 12.00
12.00		 (0.10)
(0.10)		 (15.00)
(15.00)
Profit Before Tax 214.00
263.00		 244.00
255.00		 287.00
290.00		 0.88
1.84		 48.00
29.00
           
Revenue per Share 1,580.42p 1,432.44p 1,246.57p 11.04p 1,065.50p
Pre-Tax Profit per Share 41.08p
50.48p		 43.73p
45.70p		 46.90p
47.39p		 0.13p
0.28p		 6.99p
4.22p
Market Capitalisation £ (Millions) 2,351.32 1,801.73 1,985.09 1,807.80 1,864.38
Enterprise Value (EV) £ (Millions) 3,226.32 2,463.73 2,422.09 2,208.80 2,223.38
EBITDA/EV 10.07%
11.59%		 14.37%
14.81%		 20.27%
20.40%		 0.07%
0.11%		 5.98%
5.13%
Operating Margin 2.38%
2.98%		 3.00%
3.14%		 4.98%
5.02%		 0.56%
1.88%		 0.34%
0.08%
Capital Employed £ (Millions) 1,651.00 1,415.00 1,302.00 1,198.00 1,129.00
Return on Capital Employed 15.45%
18.41%		 20.71%
21.48%		 21.12%
21.35%		 0.08%
0.16%		 5.58%
3.90%
Invested Equity Capital £ (Millions) 1,652.00 1,559.00 1,727.00 1,689.00 1,590.00
           
Earnings per Share - Basic 34.20p
43.57p		 35.30p
37.28p		 46.90p
47.55p		 21.30p
28.92p		 4.40p
2.77p
Earnings per Share - Diluted 33.70p
42.99p		 34.80p
36.75p		 46.30p
46.94p		 21.10p
28.61p		 4.40p
2.75p
Earnings per Share - Adjusted 43.60p 37.30p 47.50p 29.70p 4.40p
Earnings per Share Growth - Basic -3%
17%		 -25%
-22%		 120%
64%		 384%
946%		 -77%
-85%
Earnings per Share Growth - Diluted -3%
17%		 -25%
-22%		 119%
64%		 380%
939%		 -77%
-85%
Earnings per Share Growth - Adjusted 17% -22% 60% 575% -77%
PE Ratio - Diluted 13.5
10.6		 9.5
9.0		 7.3
7.2		 12.4
9.2		 61.4
98.1
PEG - Diluted n/a
0.6		 n/a
n/a		 0.1
0.1		 0.0
0.0		 n/a
n/a
Tax Rate 23.23% 26.18% n/a (173.33%) 180.00%
Dividend Cover 3.49
3.49		 3.24
3.24		 4.52
4.53		 3.30
3.21		 2.93
1.84
Interest Cover 6.22
7.41		 5.98
6.20		 8.55
8.63		 2.78
4.71		 1.91
1.55
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 34.20p
43.57p		 35.30p
37.28p		 46.90p
47.55p		 0.21p
0.29p		 4.40p
2.77p
Earnings per Share - Diluted 33.70p
42.99p		 34.80p
36.75p		 46.30p
46.94p		 0.21p
0.29p		 4.40p
2.75p
Earnings per Share - Adjusted 43.60p 37.30p 47.50p 0.30p 4.40p
Earnings per Share Growth - Basic -3%
17%		 -25%
-22%		 21,714%
16,189%		 -95%
-89%		 -77%
-85%
Earnings per Share Growth - Diluted -3%
17%		 -25%
-22%		 21,639%
16,150%		 -95%
-90%		 -77%
-85%
Earnings per Share Growth - Adjusted 17% -22% 15,744% -93% -77%
PE Ratio - Diluted 13.5
10.6		 9.5
9.0		 7.3
7.2		 1,230.1
907.1		 61.4
98.1
PEG - Diluted n/a
0.6		 n/a
n/a		 0.0
0.0		 n/a
n/a		 n/a
n/a
Dividend Cover 3.49
3.49		 3.24
3.24		 4.52
4.53		 0.03
0.03		 2.93
1.84
Return on Equity (ROE) 10.77%
13.74%		 12.64%
13.34%		 16.68%
16.85%		 0.08%
0.11%		 1.89%
1.19%
Operating Cash Flow per Share 50.86p 51.08p 27.45p 53.73p 39.88p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share 11.52p 28.67p 20.43p 0.31p 4.08p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 12.50p 11.50p 10.50p 9.00p 1.50p
Dividend per Share Growth 8.70% 9.52% 16.67% 500.00% (28.57%)
Dividend Yield 2.7% 3.5% 3.1% 3.4% 0.6%
Shareholders Funds 1,121.00 1,198.00 1,378.00 1,369.00 1,336.00
Net Borrowings £ (Millions) (446.00) (435.00) (441.00) (418.00) (139.00)
Net Asset Value per Share (inc. Intangibles) (0.19p) 11.65p 34.31p 38.97p 31.00p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Shareholders' Funds inc Intangibles 1,121.00 1,198.00 1,378.00 1,369.00 1,336.00
Net Borrowings £ (Millions) (446.00) (435.00) (441.00) (418.00) (139.00)
Net Gearing (39.79%) (36.31%) (32.00%) (30.53%) (10.40%)
Cash & Near Cash 1,558.00 1,414.00 1,179.00 1,033.00 792.00
Cash 138.98% 118.03% 85.56% 75.46% 59.28%
Gross Borrowings 1,112.00 979.00 738.00 615.00 653.00
Gross Gearing 99.20% 81.72% 53.56% 44.92% 48.88%
Borrowings Under 5 years 1,112.00 979.00 738.00 615.00 653.00
Under 5 years 99.20% 81.72% 53.56% 44.92% 48.88%
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 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Shareholders' Funds exc Intangibles (1.00) 65.00 210.00 256.00 213.00
Net Borrowings £ (Millions) (446.00) (435.00) (441.00) (418.00) (139.00)
Net Gearing 44,600.00% n/a n/a n/a (65.26%)
Cash & Near Cash 1,558.00 1,414.00 1,179.00 1,033.00 792.00
Cash (155,800.00%) 2,175.38% 561.43% 403.52% 371.83%
Gross Borrowings 1,112.00 979.00 738.00 615.00 653.00
Gross Gearing 111,200.00% 1,506.15% 351.43% 240.23% 306.57%
Borrowings Under 5 years 1,112.00 979.00 738.00 615.00 653.00
Under 5 years (111,200.00%) 1,506.15% 351.43% 240.23% 306.57%
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 31-Dec-24 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20
Quick Ratio 0.97 0.97 0.87 0.88 0.88
Current Ratio 1.02 1.01 0.91 0.93 0.93

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.

 

Top of Page