Barratt Redrow PLC
BTRW: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ^?# | LOCK|MB | LOCK|bvYJyfT |
Moving to Multiples-Based Terminal Value for UK Homebuilders; All Fair Values Lowered
We are moving to a price/tangible net asset value multiple-based terminal value for the UK homebuilders. This better reflects our view on the midcycle returns each company can generate and the realizable value of the landbanks.
