Professional
Added to YB: 2024-04-22
Pitch date: 2024-04-19
VTY.L [bullish]
Vistry Group PLC
-44.67%
current return
Author Info
No bio for this author
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 11.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.88
P/E
57.55
EV/Sales
0.66
Sector
Household Durables
Category
value
Longriver Partners Fund Portfolio Holding: Vistry Group PLC
VTY.L: Vistry to return £1B surplus capital (25% of MCap) as it sells legacy landbank into Partnership projects. Acton Gardens brownfield redevelopment a success. New wood frame homes to save costs & reduce carbon. Emulating asset-light NVR model but with differences. Planning challenges remain but Partnerships could help unlock supply. 40% ROCE target looks achievable on strong demand, faster turnover, scale. Trades at book with attractive capital return prospects.
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