BARRATT DEVELOPMENTS ORD GBP0.10
Symbol: BDEV
Whilst we endeavour to price investments on a real-time streaming or 15 min delayed basis, some prices may be as at close of business from the previous working day.
Invest in this share within an ISA, JISA, SIPP or Investment Account
Charts
Company
Business Summary
Barratt Developments PLC is engaged in housebuilding and commercial development. The Company’s business is acquiring land, obtaining planning consents and building homes. Its three consumer brands, Barratt Homes, David Wilson Homes, and Barratt London offers a variety of properties across the United Kingdom. It also has a commercial business, Wilson Bowden creating spaces from industrial and office buildings to retail and leisure. Barratt Homes focuses on providing homes for first time buyers and families, offering a range of properties across England, Scotland, and Wales. David Wilson Homes is engaged in building family homes. Barratt London is a residential developer and its portfolio in London is diverse and ranges from apartments and penthouses in Westminster to riverside communities in Fulham, and complex, mixed-use regeneration schemes in Hendon. Wilson Bowden Developments is its commercial development arm focused on retail, leisure, office, industrial, and mixed-use schemes.
Financial Summary
BRIEF: For the six months ended 31 December 2023, Barratt Developments P L C revenues decreased 34% to £1.85B. Net income decreased 82% to £68.8M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Commercial Development segment income decrease of 80% to £97.8M. Dividend per share decreased from £0.10 to £0.04.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
30/06/2023 |
30/06/2022 |
30/06/2021 |
30/06/2020 |
30/06/2019 |
30/06/2018 |
---|---|---|---|---|---|---|
Total Revenue | 5,321.40 | 5,267.90 | 4,811.70 | 3,419.20 | 4,763.10 | 4,874.80 |
Gross profit | 1,130.40 | 1,308.10 | 1,069.10 | 731.10 | 1,087.40 | 1,015.90 |
Operating Profit/Loss | 683.70 | 642.30 | 811.50 | 493.40 | 899.40 | 862.60 |
Profit Before Tax | 705.10 | 642.30 | 812.20 | 491.80 | 909.80 | 835.50 |
Profit After Tax | 530.30 | 515.20 | 660.10 | 402.70 | 739.40 | 671.50 |
Equity Holders of Parent Company | 530.30 | 515.10 | 659.80 | 399.70 | 740.00 | 671.70 |
Minority Interest | 0.50 | 0.70 | 0.80 | -1.60 | 7.50 | 7.70 |
Balance Sheet - All values are in GBP (M).
Year Ending |
30/06/2023 |
30/06/2022 |
30/06/2021 |
30/06/2020 |
30/06/2019 |
30/06/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 1,283.70 | 1,319.50 | 1,129.90 | 1,130.60 | 1,180.10 | 1,202.80 |
Total Current Assets | 6,720.30 | 6,891.20 | 6,343.70 | 5,733.70 | 6,007.40 | 5,726.20 |
Total Assets | 8,004.00 | 8,210.70 | 7,473.60 | 6,864.30 | 7,187.50 | 6,929.00 |
Total Liabilities | 2,407.60 | 2,579.40 | 2,021.50 | 2,024.00 | 2,318.50 | 2,331.30 |
Total Net Assets | 5,596.40 | 5,631.30 | 5,452.10 | 4,840.30 | 4,869.00 | 4,597.70 |
Shareholders Funds | 5,595.90 | 5,630.50 | 5,451.00 | 4,838.90 | 4,862.10 | 4,590.20 |
Minority Interests | 0.50 | 0.70 | 0.80 | -1.60 | 7.50 | 7.70 |
Total Equity | 5,596.40 | 5,631.30 | 5,452.10 | 4,840.30 | 4,869.00 | 4,597.70 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy2 |
Buy3 |
Neutral5 |
Sell2 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 2 | 3 | 5 | 2 | 0 |
Consensus |
ConsensusNeutral |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £4,131.97mn | £4,604.14mn | £5,089.97mn |
Pre-tax-Profit | £360.71mn | £471.32mn | £602.01mn |
EPS | £0.26p | £0.32p | £0.40p |
EPS Growth | -60.98% | 23.06% | 24.80% |
P/E | 17.52 | 14.23 | 11.41 |
PEG Ratio | -0.29 | 0.62 | 0.46 |
Dividend | 14.95p | 19.32p | 24.37p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
12th Apr 2024 | JP Morgan Cazenove | Upgrade | 460p | 370p | 560p | Overweight |
9th Feb 2024 | Citigroup | Upgrade | 487p | 0p | 615p | Buy |
7th Feb 2024 | Berenberg Bank | Reiteration | 501p | 0p | 488p | Hold |
14th Dec 2023 | Citigroup | DownGrade | 562p | 0p | 571p | Neutral |
11th Sep 2023 | Berenberg Bank | Reiteration | 442p | 552p | 495p | Hold |
7th Sep 2023 | Barclays | Reiteration | 437p | 460p | 464p | Overweight |
18th Jul 2023 | JP Morgan Cazenove | Reiteration | 424p | 390p | 370p | Neutral |
14th Jul 2023 | Deutsche | Reiteration | 412p | 466p | 392p | Hold |
4th Jul 2023 | JP Morgan Cazenove | Reiteration | 420p | 430p | 390p | Neutral |
3rd Jul 2023 | Barclays | Reiteration | 417p | 0p | 570p | Overweight |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
18 Apr 2024 | 08:35 | 447.8 | 179 | Buy |
18 Apr 2024 | 08:35 | 447.8 | 174 | Buy |
18 Apr 2024 | 08:33 | 448 | 12 | Sell |
18 Apr 2024 | 08:33 | 448.2 | 55 | Buy |
18 Apr 2024 | 08:32 | 448.2 | 1 | Buy |
18 Apr 2024 | 08:32 | 448 | 73 | Unknown |
18 Apr 2024 | 08:31 | 447.3 | 10 | Sell |
18 Apr 2024 | 08:30 | 448 | 97 | Buy |
18 Apr 2024 | 08:30 | 447.7 | 225 | Buy |
18 Apr 2024 | 08:30 | 447.3 | 2 | Sell |
18 Apr 2024 | 08:30 | 447.5 | 11 | Unknown |
18 Apr 2024 | 08:30 | 447.3 | 15 | Sell |
18 Apr 2024 | 08:29 | 447.3 | 3 | Sell |
18 Apr 2024 | 08:29 | 447.3 | 7 | Sell |
18 Apr 2024 | 08:25 | 447.8 | 281 | Buy |
18 Apr 2024 | 08:24 | 447.9 | 40 | Buy |
18 Apr 2024 | 08:23 | 447.7 | 11 | Sell |
18 Apr 2024 | 08:23 | 448 | 1 | Buy |
18 Apr 2024 | 08:22 | 447.7 | 1,111 | Sell |
18 Apr 2024 | 08:22 | 447.9 | 447 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.