Added to YB: 2024-03-29
Pitch date: 2024-03-29
BOOT.L [bullish]
Henry Boot PLC
+35.56%
current return
Author Info
Roland Head is a private investor focusing on UK dividend stocks. Sign up for the newsletter.
Company Info
Henry Boot PLC engages in property investment and development, land promotion, and construction activities in the United Kingdom.
Market Cap
GBP 276.6M
Pitch Price
GBP 1.67
Price Target
N/A
Dividend
3.54%
EV/EBITDA
9.17
P/E
10.73
EV/Sales
1.00
Sector
Household Durables
Category
value
The Dividend Note – BOOT.L
BOOT.L: FY23 results - revenue +5%, profit -18%, NAV +3% to 300p. Dividend +10% despite higher debt from land investments & extended hB payment terms. 10yr avg 12.7% ROCE, £710m pipeline profit in land bank. Stonebridge homes +43%, £1.3bn commercial dev pipeline. 2024 profits H2-weighted, recovery seen 2025+. 40% discount to NAV attractive entry point for this well-run business, but low margins & cyclicality are risks.
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