Added to YB: 2026-07-13
Pitch date: 2026-07-09
BOOT.L [bullish]
Henry Boot PLC
+4.64%
current return
Author Info
Price to Tangible Bruce is a deep value investor. Buying what most investors don't like across global public markets. Sign up for the newsletter.
Company Info
Henry Boot PLC, together with its subsidiaries, engages in the home building business in the United Kingdom.
Market Cap
GBP 212.2M
Pitch Price
GBP 1.51
Price Target
4.50 (+185%)
Dividend
4.97%
EV/EBITDA
9.68
P/E
10.19
EV/Sales
1.26
Sector
Household Durables
Category
value
A net-net that’s even cheaper on look-through value - $BOOT.L
BOOT.L: UK land promoter/developer at 158p vs 312p NAV (49% discount), net-net (NCAV 165p), land held at cost w/ mgmt-disclosed £181-256m hidden uplift (+43-61% NAV). Catalysts: record Hallam land sales, Stonebridge recovery, £1bn Golden Valley build. 45% family-owned, 5% yield. Risks: 26% gearing, lumpy H2-weighted earnings, new CEO. Base 280p (76%), upside 400-450p (~3x), fair value 300p (~90%).
Read full article (6 min)