Barratt Redrow released a trading update for the 17-week period from June 29 to Oct. 25. Guidance for volumes was maintained, but the forward order book implies average selling prices will be down meaningfully year over year.
The current share price implies undemanding medium-term earnings growth, which we think Barratt Redrow is well placed to exceed.
The prior goldilocks cycle inflated homebuilder margins and ROICs; any recovery is likely to be gradual and not as profitable.
Metric | BTRW | BWY | TW. |
|---|---|---|---|
Price/Earnings (Normalized) | 12.36 | 12.17 | 11.36 |
Price/Book Value | 0.59 | 0.73 | 0.69 |
Price/Sales | 0.78 | 0.85 | 0.75 |
Price/Cash Flow | 13.11 | 12.53 | 12.03 |
Metric | BTRW | BWY | TW. |
|---|---|---|---|
Quick Ratio | 0.70 | 0.38 | 0.44 |
Current Ratio | 5.03 | 5.08 | 4.99 |
Interest Coverage | 4.88 | 8.13 | 9.60 |
Metric | BTRW | BWY | TW. |
|---|---|---|---|
Return on Assets (Normalized) | 3.28% | 4.27% | 4.22% |
Return on Equity (Normalized) | 4.76% | 6.19% | 6.16% |
Return on Invested Capital (Normalized) | 5.19% | 6.46% | 6.49% |
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
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| Lennar Corp Class A LEN | LOCK|#^p#qh | LOCK|MDt | $21B | |||
| NVR Inc NVR | LOCK|#lTl@%ls | LOCK|#<Ny> | $16B | |||
| Sekisui House Ltd SKHSF | — | LOCK|V& | $15B | |||
| Sekisui House Ltd ADR SKHSY | — | LOCK|!Xv | $15B | |||
| Toll Brothers Inc TOL | LOCK|rR@%wf | LOCK|<#q | $14B | |||
| Barratt Redrow PLC ADR BTDPY | — | LOCK|&P% | $6B | |||
| Barratt Redrow PLC BTDPF | — | LOCK|@r | $6B |
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