Professional
Added to YB: 2024-09-25
Pitch date: 2024-09-24
VTY.L [bullish]
Vistry Group PLC
-53.3%
current return
Author Info
No bio for this author
Company Info
Vistry Group PLC, together with its subsidiaries, provides housing solutions in the United Kingdom. It offers single family housing model.
Market Cap
GBP 2.0B
Pitch Price
GBP 13.20
Price Target
34.00 (+452%)
Dividend
N/A
EV/EBITDA
7.88
P/E
57.55
EV/Sales
0.66
Sector
Household Durables
Category
value
Vistry Group (VTY.L)
Vistry (VTY.L): UK homebuilder transitioning to asset-light partnerships model. 60-70% presold homes, 2-3x higher returns. Exiting traditional segment to release £1.3B cash, £1B for buybacks. 40%+ ROCE, £800M EBIT by 2025 (P/E <4x). H1 2024: £1.97B rev (+11% YoY), £227.3M adj. op. profit (+10% YoY). Risks: execution, gov funding delays, competition. Catalysts: transition progress, higher returns, gov support.
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