Added to YB: 2026-08-11
Pitch date: 2026-08-08
BTRW.L [bullish]
Barratt Redrow plc
-2.11%
current return
Author Info
No bio for this author
Company Info
Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company is also involved in the commercial development business, which includes offices, retail, leisure, industrial, and distribution properties under the Wilson Bowden Developments brand; and land development activities.
Market Cap
GBP 4.5B
Pitch Price
GBP 3.22
Price Target
N/A
Dividend
5.44%
EV/EBITDA
7.45
P/E
21.87
EV/Sales
0.74
Sector
Household Durables
Category
value
Barratt Redrow (BTRW LN) – The rebuilding project
BTRW.L: UK housebuilder added June, trading ~11x P/E, <0.6x P/NAV, discount to Brexit/COVID/Truss lows. Net cash £772m fortress balance sheet. FY26 17,667 completions, 8% margins. £400m returns FY27 (£386m buybacks) post-activist. Superior UK demographics, concentrated rational sector. Catalysts (rate cuts to 3% by 2028, housing recovery) 2yrs+ out; flat profits till FY28. Call option on recovery.
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