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Barratt Developments

Current Price 498.00p Bid 497.70p Ask 498.10p Change 0.69%
Last Updated: 13/07/2024 12:16. Prices delayed by at least 15 minutes.
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Company Overview

Barratt Developments is the nation's leading housebuilder, creating great new places to live throughout Britain. Our business is acquiring land, obtaining planning consents and building the highest quality homes in places people aspire to live. This is supported by our expertise in land, design, construction and sales and marketing. Our vision is to lead the future of housebuilding by putting customers at the heart of everything we do.

Financial Highlights Year Ended 30/06/2023

Revenue
£5,321.40m
Operating Profit/Loss
£707.40m
Dividend yield (%)
8.10
Total dividend for year
n/ap
Dividend cover
2.00
P/E Ratio
6.20

Key Personnel

Mr Mike Scott
CFO & Executive Director
Mr Steven J Boyes
Chief Operating Officer
Ms Tina Bains
Company Secretary
Mr David Thomas
Group Chief Executive
Mr Chris Weston
Independent Non-Executive Director
Mr Jasi Halai
Independent Non-Executive Director
Mr Nigel Webb
Independent Non-Executive Director
Ms Katie Bickerstaffe
Independent Non-Executive Director
Mr Caroline Silver
Non-Executive Director
Mr Jock Fyfe Lennox
Non-Executive Director

Stock Details

EPIC
BDEVL
ISIN
GB0000811801
Shares in Issue
1,002.29m
Market cap
£4,991.38m

Analyst Views (1)

Strong Buy
 
0%
Buy
 
100.00%
Hold
 
0%
Sell
 
0%
Strong Sell
 
0%
This information is provided by Web Financial Group (UK) Limited. It is subject to change without notice and doesn't reflect the views held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
498.00p
Bid Price
497.70p
Ask Price
498.10p
Volume
604,480
Change Today
3.40p
% Change Today
0.69%
Open
500.80p
Previous Close
498.00p
Intraday High
502.60p
Intraday Low
492.00p
52 Week High
566.60p
52 Week Low
391.30p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

News

London close: Stocks rise as investors look to US data 10/07/2024 15:01:01 Annual profits at Barratt set to beat expectations 10/07/2024 07:00:52 UK housebuilders surge on Labour victory 05/07/2024 07:49:37 London close: Stocks mixed as UK inflation slows to BoE target 19/06/2024 15:25:42 Regulator launches formal probe into Barratt-Redrow tie-up 14/06/2024 10:15:27 Asda submits plans to redevelop store, build 1,500 homes in NW London 13/05/2024 11:14:51 JPMorgan 'repositioning for a recovery' as it upgrades host of housebuilders 12/04/2024 07:49:32 London close: Stocks finish mixed after Reckitt compo blow 15/03/2024 15:07:58 UK's CMA to seek views on Barratt's £2.5bn Redrow takeover 15/03/2024 07:21:24 London close: Stocks fall as investors look to US data 26/02/2024 15:11:41 UK housebuilders face CMA probe over info sharing, home quality 26/02/2024 07:52:17 London close: Stocks rise as UK inflation holds steady 14/02/2024 15:23:18 London close: Stocks slip as Barratt, Redrow announce merger 07/02/2024 15:00:49 Barratt, Redrow agree £2.5bn merger 07/02/2024 07:02:59 Morgan Stanley double upgrades Persimmon to 'overweight' 19/01/2024 09:46:55 Jefferies downgrades Crest Nicholson, ups Persimmon 16/01/2024 11:49:31 Barratt Developments sees 10% drop in reservation rates in Q1 18/10/2023 07:06:36 Berenberg cuts Barratt Developments's target price due to lower estimates for margins 11/09/2023 10:52:24 Barratt FY profits fall, no buyback as rising mortgage costs bite 06/09/2023 07:03:06 Barratt set to meet profit forecasts as completions slip 13/07/2023 07:04:43

Income Statement

Year End Date
30 Jun 2023
30 Jun 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
5,321.40
5,267.90
Operating Profit/Loss
707.40
646.60
Net Interest
-11.10
-27.60
Pre-Tax Profit
705.10
642.30
Profit After Tax from continuing operations
530.30
515.20
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
530.30
515.20
Attributable to:
Equity Holders of Parent Company
530.30
515.10
Minority Interests
n/a
0.10
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
30 Jun 2023
30 Jun 2022
Basic
53.20p
50.60p
Diluted
52.60p
49.80p
Adjusted
67.30p
83.00p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
30 Jun 2023
30 Jun 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
103.20
76.80
Intangible Assets
1,047.80
1,058.30
Investment Properties
n/a
n/a
Investments
129.80
177.90
Other Financial Assets
n/a
n/a
Other Non-Current Assets
2.90
6.50
Current Assets
Inventories
5,238.00
5,291.60
Trade & Other Receivables
182.10
237.00
Cash at Bank & In Hand
1,269.10
1,352.70
Current Asset Investments
n/a
n/a
Other Current Assets
31.10
9.90
Other Assets
n/a
n/a
Total Assets
8,004.00
8,210.70

Liabilities

Year End Date
30 Jun 2023
30 Jun 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
16.50
27.80
Other Current Liabilities
1,437.90
1,679.80
Total Current Liabilities
1,454.40
1,707.60
Non-Current Liabilities
Borrowings
233.10
226.60
Provisions
531.40
404.70
Other Non-Current Liabilities
188.70
240.50
Total Non-Current Liabilities
953.20
871.80
Other Liabilities
n/a
n/a
Total Liabilities
2,407.60
2,579.40

Net Assets

Year End Date
30 Jun 2023
30 Jun 2022
 
£ (M)
£ (M)
Net Assets
5,596.40
5,631.30

Capital & Reserves

Year End Date
30 Jun 2023
30 Jun 2022
 
£ (M)
£ (M)
Share Capital
97.40
102.20
Share Premium Account
253.50
253.40
Other Reserves
1,113.80
1,109.00
Retained Earnings
4,131.20
4,165.90
Shareholders Funds
5,595.90
5,630.50
Minority Interests/Other Equity
0.50
0.80
Total Equity
5,596.40
5,631.30

Dividend History

Type
Ex-Dividend Date
Payment Date
Payment
Interim
11 Apr 2024
17 May 2024
4.40p
Final
28 Sep 2023
03 Nov 2023
23.50p
Interim
06 Apr 2023
18 May 2023
10.20p
Final
29 Sep 2022
04 Nov 2022
25.70p
Interim
07 Apr 2022
18 May 2022
11.20p
Final
30 Sep 2021
09 Nov 2021
21.90p
Interim
15 Apr 2021
10 May 2021
7.50p
Final
10 Oct 2019
05 Nov 2019
19.50p
Final
10 Oct 2019
05 Nov 2019
19.50p
Interim
11 Apr 2019
07 May 2019
9.60p
Special
11 Oct 2018
06 Nov 2018
17.30p
Final
11 Oct 2018
06 Nov 2018
17.90p
Interim
19 Apr 2018
18 May 2018
8.60p
Special
26 Oct 2017
20 Nov 2017
17.30p
Final
26 Oct 2017
20 Nov 2017
17.10p
Interim
20 Apr 2017
19 May 2017
7.30p
Special
27 Oct 2016
21 Nov 2016
12.40p
Final
27 Oct 2016
21 Nov 2016
12.30p
Interim
28 Apr 2016
20 May 2016
6.00p
Final
29 Oct 2015
20 Nov 2015
10.30p
Final
29 Oct 2015
20 Nov 2015
10.30p
Interim
23 Apr 2015
20 May 2015
4.80p
Final
30 Oct 2014
20 Nov 2014
7.10p
Final
30 Oct 2014
20 Nov 2014
7.10p
Interim
16 Apr 2014
20 May 2014
3.20p
Interim
16 Apr 2014
20 May 2014
3.20p
Final
23 Oct 2013
20 Nov 2013
2.50p
Final
23 Oct 2013
20 Nov 2013
2.50p

Dividend Metrics

Year End Date
30 Jun 2023
30 Jun 2022
Dividend growth
-8.67%
25.51%
Dividend yield
8.10%
8.10%
Dividend cover
2.00
2.25


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