Added to YB: 2025-01-29
Pitch date: 2024-12-31
BKG.L [bullish]
The Berkeley Group Holdings plc
-2.93%
current return
Author Info
No bio for this author
Company Info
The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development and ancillary activities in the United Kingdom.
Market Cap
GBP 3.6B
Pitch Price
GBP 38.88
Price Target
N/A
Dividend
1.82%
EV/EBITDA
6.00
P/E
9.88
EV/Sales
1.23
Sector
Household Durables
Category
value
Third Avenue Real Estate Value Fund Portfolio Holding: The Berkeley Group Holdings plc
BKG.L: Premier UK residential developer, 10% of London new builds. 10x P/E, 1.1x P/B (15-yr low). Net cash, 50k+ home land bank. 10%+ annual net worth growth. Well-managed, insider-owned. Expanding to PRS. Buybacks & dividends. Expect rerating as UK rates stabilize. Run-off value upside.
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