Professional
Added to YB: 2025-08-26
Pitch date: 2025-06-30
IBST.L [bullish]
Ibstock plc
-9.88%
current return
Author Info
No bio for this author
Company Info
Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom.
Market Cap
GBP 560.4M
Pitch Price
GBP 1.48
Price Target
N/A
Dividend
2.82%
EV/EBITDA
9.73
P/E
47.36
EV/Sales
1.93
Sector
Construction Materials
Category
turnaround
Palm Harbour Capital Portfolio Holding: Ibstock plc
IBST.L (holding update): Brick manufacturer facing temporary headwinds from pricing pressure, unfavorable mix & capacity ramp-up costs. 2025 EBITDA guidance cut from £90-93M to £77-82M despite improved trading in new-build residential. Operates in oligopolistic but cyclical market. Significant upside expected when housing normalizes.
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