Professional
Added to YB: 2024-10-11
Pitch date: 2024-09-30
IBST.L [bullish]
Ibstock plc
-23.06%
current return
Author Info
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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 1.77
Price Target
N/A
Dividend
2.82%
EV/EBITDA
9.73
P/E
47.36
EV/Sales
1.93
Sector
Construction Materials
Category
turnaround
Show full summary:
Vulcan Value Partners Small Cap Review Portfolio Holding: Ibstock plc
IBST.L: UK's largest clay brick maker with pricing power due to supply shortage. Recent housing slowdown from high rates & weak economy, but poised for turnaround. Catalysts: new gov't focus on housing, BoE rate cuts, economic improvement. Well-positioned for housing market recovery.
Read full article (1 min)