Professional
Added to YB: 2025-03-07
Pitch date: 2025-01-30
VTY.L [bullish]
Vistry Group PLC
+2.99%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
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 5.99
Price Target
23.84 (+287%)
Dividend
N/A
EV/EBITDA
7.88
P/E
57.55
EV/Sales
0.66
Sector
Household Durables
Category
turnaround
Greenhaven Road Capital Main Fund New Position: Vistry Group PLC
VTY.L (new position): UK homebuilder transitioning to capital-light affordable housing model. 3 profit warnings drove 50% share drop. £1B excess cash expected from exiting traditional business. Trading below tangible book value, 7x fwd earnings. Medium-term guidance: £800M op earnings, 22K units, 12% margin. 4x+ upside potential with execution. Risk: UK market unfamiliarity.
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