Added to YB: 2025-12-26
Pitch date: 2025-12-23
VTY.L [bullish]
Vistry Group PLC
+1.06%
current return
Author Info
8th Wonder Capital is a German generalist retail investor with an interest in long-term capital compounding (hence the reference to Albert Einstein relating to compound interest as the 8th wonder of the world). Sign up for the newsletter.
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 6.20
Price Target
21.84 (+251%)
Dividend
N/A
EV/EBITDA
7.78
P/E
57.22
EV/Sales
0.65
Sector
Household Durables
Category
turnaround
Vistry: Breaking the (Land)Bank
VTY.L: Transitioning from distressed builder (~4x forward EBIT, 0.6x book) to capital-light Partnerships model; targeting £1B capital release from landbank unwind (50% of market cap) for buybacks at 40% discount to book; pre-sells 70% volume to Housing Associations, reducing market risk; 'Strategic Partner Plus' status for £39B gov't housing programme; targeting 40% ROCE vs current ~10%; risks include execution delays & internal controls post-£165M South Division accounting errors.
Read full article (27 min)