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Redrow

DB:1HO1
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1HO1
DB
£2B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Redrow plc focuses on housebuilding activities in the United Kingdom. The last earnings update was 70 days ago. More info.


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1HO1 Share Price and Events
7 Day Returns
3.6%
DB:1HO1
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
13.2%
DB:1HO1
2.9%
DE Consumer Durables
8.8%
DE Market
1HO1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Redrow (1HO1) 3.6% 2.1% 25% 13.2% - -
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • 1HO1 outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • 1HO1 outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
1HO1
Industry
5yr Volatility vs Market

1HO1 Value

 Is Redrow undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Redrow to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Redrow.

DB:1HO1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1HO1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 19%) (3.68%))
0.892
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.892 * 6.65%)
6.16%

Discounted Cash Flow Calculation for DB:1HO1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Redrow is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:1HO1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.16%)
2020 169.41 Analyst x3 159.58
2021 267.41 Analyst x3 237.28
2022 229.00 Analyst x1 191.41
2023 223.55 Est @ -2.38% 176.01
2024 219.99 Est @ -1.6% 163.15
2025 217.68 Est @ -1.05% 152.07
2026 216.23 Est @ -0.67% 142.30
2027 215.37 Est @ -0.4% 133.51
2028 214.92 Est @ -0.21% 125.50
2029 214.75 Est @ -0.08% 118.12
Present value of next 10 years cash flows £1,598.00
DB:1HO1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £214.75 × (1 + 0.23%) ÷ (6.16% – 0.23%)
£3,628.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £3,628.56 ÷ (1 + 6.16%)10
£1,995.89
DB:1HO1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,598.00 + £1,995.89
£3,593.89
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £3,593.89 / 343.08
£10.48
DB:1HO1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1HO1 represents 1.14354x of LSE:RDW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.14354x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 10.48 x 1.14354
€11.98
Value per share (EUR) From above. €11.98
Current discount Discount to share price of €7.25
= -1 x (€7.25 - €11.98) / €11.98
39.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Redrow is available for.
Intrinsic value
39%
Share price is €7.25 vs Future cash flow value of €11.98
Current Discount Checks
For Redrow to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Redrow's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Redrow's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Redrow's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Redrow's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1HO1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.92
LSE:RDW Share Price ** LSE (2019-11-14) in GBP £6.34
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Redrow.

DB:1HO1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:RDW Share Price ÷ EPS (both in GBP)

= 6.34 ÷ 0.92

6.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Redrow is good value based on earnings compared to the DE Consumer Durables industry average.
  • Redrow is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Redrow's expected growth come at a high price?
Raw Data
DB:1HO1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
2%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:1HO1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.86x ÷ 2%

3.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Redrow is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Redrow's assets?
Raw Data
DB:1HO1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £4.62
LSE:RDW Share Price * LSE (2019-11-14) in GBP £6.34
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:1HO1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:RDW Share Price ÷ Book Value per Share (both in GBP)

= 6.34 ÷ 4.62

1.37x

* Primary Listing of Redrow.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Redrow is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Redrow's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Redrow has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

1HO1 Future Performance

 How is Redrow expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Redrow expected to grow at an attractive rate?
  • Redrow's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Redrow's earnings growth is positive but not above the Germany market average.
  • Redrow's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1HO1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1HO1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 2%
DB:1HO1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 2.6%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1HO1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1HO1 Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 2,365 357 359 1
2022-06-30 2,273 294 349 8
2021-06-30 2,217 338 341 12
2020-06-30 2,147 187 334 13
2019-11-14
DB:1HO1 Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 2,112 292 329
2019-03-31 2,056 268 322
2018-12-31 2,000 243 315
2018-09-30 1,960 221 312
2018-06-30 1,920 198 308
2018-03-31 1,866 143 296
2017-12-31 1,811 87 284
2017-09-30 1,736 108 269
2017-06-30 1,660 128 253
2017-03-31 1,589 154 241
2016-12-31 1,518 180 229
2016-09-30 1,450 129 215

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Redrow's earnings are expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
  • Redrow's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1HO1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Redrow Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1HO1 Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 1.00 1.00 1.00 1.00
2022-06-30 0.96 1.02 0.77 7.00
2021-06-30 0.93 1.00 0.74 10.00
2020-06-30 0.92 0.97 0.78 11.00
2019-11-14
DB:1HO1 Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.92
2019-03-31 0.92
2018-12-31 0.92
2018-09-30 0.91
2018-06-30 0.90
2018-03-31 0.86
2017-12-31 0.83
2017-09-30 0.78
2017-06-30 0.74
2017-03-31 0.70
2016-12-31 0.67
2016-09-30 0.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Redrow is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Redrow's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Redrow has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

1HO1 Past Performance

  How has Redrow performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Redrow's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Redrow has delivered over 20% year on year earnings growth in the past 5 years.
  • Redrow's 1-year earnings growth is less than its 5-year average (6.8% vs 20.4%)
  • Redrow's earnings growth has exceeded the DE Consumer Durables industry average in the past year (6.8% vs -21.1%).
Earnings and Revenue History
Redrow's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Redrow Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1HO1 Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,112.00 329.00 93.00
2019-03-31 2,056.00 322.00 91.50
2018-12-31 2,000.00 315.00 90.00
2018-09-30 1,960.00 311.50 88.50
2018-06-30 1,920.00 308.00 87.00
2018-03-31 1,865.50 296.00 86.00
2017-12-31 1,811.00 284.00 85.00
2017-09-30 1,735.50 268.50 84.00
2017-06-30 1,660.00 253.00 83.00
2017-03-31 1,589.00 241.00 80.50
2016-12-31 1,518.00 229.00 78.00
2016-09-30 1,450.00 214.50 75.50
2016-06-30 1,382.00 200.00 73.00
2016-03-31 1,287.50 186.50 70.00
2015-12-31 1,193.00 173.00 67.00
2015-09-30 1,171.50 167.50 64.00
2015-06-30 1,150.00 162.00 61.00
2015-03-31 1,105.50 150.80 58.20
2014-12-31 1,061.00 139.60 55.40
2014-09-30 962.50 121.30 52.70
2014-06-30 864.00 103.00 50.00
2014-03-31 787.40 88.00 47.55
2013-12-31 710.80 73.00 45.10
2013-09-30 657.80 63.05 42.80
2013-06-30 604.80 53.10 40.50
2013-03-31 553.95 44.80 38.30
2012-12-31 503.10 36.50 36.10

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Redrow has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Redrow used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Redrow has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Redrow's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Redrow has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

1HO1 Health

 How is Redrow's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Redrow's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Redrow is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Redrow's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Redrow's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 31.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Redrow Company Filings, last reported 4 months ago.

DB:1HO1 Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,585.00 80.00 204.00
2019-03-31 1,585.00 80.00 204.00
2018-12-31 1,560.00 1.00 102.00
2018-09-30 1,560.00 1.00 102.00
2018-06-30 1,483.00 5.00 68.00
2018-03-31 1,483.00 5.00 68.00
2017-12-31 1,343.00 84.00 49.00
2017-09-30 1,343.00 84.00 49.00
2017-06-30 1,235.00 135.00 62.00
2017-03-31 1,235.00 135.00 62.00
2016-12-31 1,099.00 109.00 53.00
2016-09-30 1,099.00 109.00 53.00
2016-06-30 1,041.00 274.00 135.00
2016-03-31 1,041.00 274.00 135.00
2015-12-31 909.00 261.00 78.00
2015-09-30 909.00 261.00 78.00
2015-06-30 849.00 210.00 56.00
2015-03-31 849.00 210.00 56.00
2014-12-31 767.30 173.10 33.10
2014-09-30 767.30 173.10 33.10
2014-06-30 696.00 227.00 55.00
2014-03-31 696.00 227.00 55.00
2013-12-31 638.10 208.40 59.40
2013-09-30 638.10 208.40 59.40
2013-06-30 609.20 130.00 39.00
2013-03-31 609.20 130.00 39.00
2012-12-31 576.20 120.00 54.80
  • Redrow's level of debt (5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.5% vs 5% today).
  • Debt is well covered by operating cash flow (365%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 82.2x coverage).
X
Financial health checks
We assess Redrow's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Redrow has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

1HO1 Dividends

 What is Redrow's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.81%
Current annual income from Redrow dividends. Estimated to be 6.04% next year.
If you bought €2,000 of Redrow shares you are expected to receive €96 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Redrow's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Redrow's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1HO1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1HO1 Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-06-30 0.64 1.00
2022-06-30 0.40 9.00
2021-06-30 0.43 14.00
2020-06-30 0.31 15.00
2019-11-14
DB:1HO1 Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-09-05 0.305 4.949
2019-02-06 0.305 5.211
2018-09-06 0.294 5.228
2018-09-04 0.294 4.893
2017-09-05 0.231 3.704
2017-02-08 0.126 2.197
2016-09-06 0.126 2.895
2016-02-09 0.084 2.144
2015-09-08 0.084 1.773
2015-09-07 0.084 1.649
2015-02-11 0.042 0.978
2014-09-02 0.042 1.435
2014-09-01 0.042 1.430
2014-02-27 0.021 0.725
2013-09-19 0.011 0.353
2013-09-18 0.011 0.421
2010-09-09 0.000 0.000
2009-12-31 0.000 0.000
2009-09-10 0.000 0.000
2009-09-09 0.000 0.000
2009-02-24 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Redrow has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Redrow only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Redrow's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Redrow's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Redrow afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Redrow has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

1HO1 Management

 What is the CEO of Redrow's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Redrow has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Redrow management team in years:

8.8
Average Tenure
59
Average Age
  • The average tenure for the Redrow management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Tutte

TITLE
Executive Chairman
COMPENSATION
£2M
AGE
63

Barbara Richmond

TITLE
Group Finance Director & Executive Director
COMPENSATION
£1M
AGE
59
TENURE
9.8 yrs

Matthew Brennan-Pratt

TITLE
COO & Director
COMPENSATION
£380K
AGE
44
TENURE
0.6 yrs

Graham Cope

TITLE
Head of Legal & Company Secretary
AGE
55
TENURE
17 yrs

Will Heath

TITLE
Group Development Director
TENURE
7.8 yrs

Dave Bexon

TITLE
Group Sales & Marketing Director
TENURE
5.4 yrs

Karen Jones

TITLE
Group Human Resources Director

David Campbell-Kelly

TITLE
Chairman of Northern Region
AGE
61
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure and age of the Redrow board of directors in years:

1.6
Average Tenure
60
Average Age
  • The average tenure for the Redrow board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Tutte

TITLE
Executive Chairman
COMPENSATION
£2M
AGE
63
TENURE
0.6 yrs

Barbara Richmond

TITLE
Group Finance Director & Executive Director
COMPENSATION
£1M
AGE
59
TENURE
9.8 yrs

Matthew Brennan-Pratt

TITLE
COO & Director
COMPENSATION
£380K
AGE
44
TENURE
0.6 yrs

Nick Hewson

TITLE
Senior Independent Director
COMPENSATION
£72K
AGE
61
TENURE
1 yrs

Vanda Murray

TITLE
Non-Executive Director
COMPENSATION
£61K
AGE
58
TENURE
2.3 yrs

Mike Lyons

TITLE
Non-Executive Director
COMPENSATION
£65K
AGE
69
TENURE
4.8 yrs

Nicky Dulieu

TITLE
Non-Executive Director
Who owns this company?
Recent Insider Trading
  • Redrow individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Sep 19 Sell Barbara Richmond Individual 13. Sep 19 13. Sep 19 -50,000 €7.07 €-353,323
X
Management checks
We assess Redrow's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Redrow has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

1HO1 News

Simply Wall St News

1HO1 Company Info

Description

Redrow plc focuses on housebuilding activities in the United Kingdom. The company acquires land; and develops residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom.

Details
Name: Redrow plc
1HO1
Exchange: DB
Founded: 1974
£2,543,837,879
343,076,663
Website: http://www.redrowplc.co.uk
Address: Redrow plc
Redrow House,
St. David's Park,
Flintshire,
Clwyd, CH5 3RX,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE RDW New Ordinary Shares London Stock Exchange GB GBP 03. Jun 1994
DB 1HO1 New Ordinary Shares Deutsche Boerse AG DE EUR 03. Jun 1994
Number of employees
Current staff
Staff numbers
2,325
Redrow employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:29
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/09/05
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.