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Bovis Homes Group

DB:44B
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.
44B
DB
£2B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Bovis Homes Group PLC, together with its subsidiaries, operates as a builder of homes in the United Kingdom. The last earnings update was 65 days ago. More info.


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44B Share Price and Events
7 Day Returns
-1.3%
DB:44B
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
10.9%
DB:44B
2.9%
DE Consumer Durables
8.8%
DE Market
44B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bovis Homes Group (44B) -1.3% -4.4% 19.1% 10.9% 43.4% 30.6%
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
  • 44B outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • 44B outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
44B
Industry
5yr Volatility vs Market

Value

 Is Bovis Homes Group 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 Bovis Homes Group 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 Bovis Homes Group.

DB:44B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in GBP £ 1.0001393333333
Payout Ratio Company Filings (2019-06-30) 5224.5%
Discount Rate (Cost of Equity) See below 7.1%
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:44B
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%) (1.34%))
1.039
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.039 * 6.65%)
7.14%

Discounted Cash Flow Calculation for DB:44B using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Bovis Homes Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:44B Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= £1 / (7.14% - 0.23%)
£20.01
DB:44B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:44B represents 1.176x of LSE:BVS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.176x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 14.47 x 1.176
€17.01
Value per share (EUR) From above. €17.01
Current discount Discount to share price of €13.23
= -1 x (€13.23 - €17.01) / €17.01
22.2%

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

Current Discount
Amount off the current price Bovis Homes Group is available for.
Intrinsic value
22%
Share price is €13.23 vs Future cash flow value of €17.01
Current Discount Checks
For Bovis Homes Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bovis Homes Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bovis Homes Group'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 Bovis Homes Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bovis Homes Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:44B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £1.09
LSE:BVS Share Price ** LSE (2019-11-14) in GBP £11.25
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 Bovis Homes Group.

DB:44B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 11.25 ÷ 1.09

10.29x

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

  • Bovis Homes Group is good value based on earnings compared to the DE Consumer Durables industry average.
  • Bovis Homes Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bovis Homes Group's expected growth come at a high price?
Raw Data
DB:44B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
6.7%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:44B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.29x ÷ 6.7%

1.53x

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

  • Bovis Homes Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bovis Homes Group's assets?
Raw Data
DB:44B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £7.99
LSE:BVS Share Price * LSE (2019-11-14) in GBP £11.25
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:44B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 11.25 ÷ 7.99

1.41x

* Primary Listing of Bovis Homes Group.

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

  • Bovis Homes Group is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Bovis Homes Group'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. Bovis Homes Group 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.

Future Performance

 How is Bovis Homes Group expected to perform in the next 1 to 3 years based on estimates from 10 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
6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bovis Homes Group expected to grow at an attractive rate?
  • Bovis Homes Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bovis Homes Group's earnings growth is positive but not above the Germany market average.
  • Bovis Homes Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:44B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:44B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 6.7%
DB:44B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2%
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:44B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:44B Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1,142 141 170 6
2020-12-31 1,118 163 162 6
2019-12-31 1,095 179 149 10
2019-11-14
DB:44B Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 1,102 252 147
2019-03-31 1,081 191 142
2018-12-31 1,061 131 137
2018-09-30 1,047 129 121
2018-06-30 1,033 127 105
2018-03-31 1,030 141 98
2017-12-31 1,028 156 91
2017-09-30 1,049 95 99
2017-06-30 1,070 34 106
2017-03-31 1,062 48 114
2016-12-31 1,055 62 121
2016-09-30 1,032 85 127

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bovis Homes Group's earnings are expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
  • Bovis Homes Group's revenue is expected to grow by 2% 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:44B 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 10 Analyst Estimates (S&P Global) See Below

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

DB:44B Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.29 1.31 1.24 4.00
2020-12-31 1.20 1.28 1.04 7.00
2019-12-31 1.11 1.16 1.05 9.00
2019-11-14
DB:44B Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 1.09
2019-03-31 1.05
2018-12-31 1.02
2018-09-30 0.90
2018-06-30 0.78
2018-03-31 0.73
2017-12-31 0.68
2017-09-30 0.74
2017-06-30 0.79
2017-03-31 0.85
2016-12-31 0.90
2016-09-30 0.95

*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.
  • Bovis Homes Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bovis Homes Group'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.
Bovis Homes Group 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.

Past Performance

  How has Bovis Homes Group 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 Bovis Homes Group'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.
  • Bovis Homes Group's year on year earnings growth rate has been positive over the past 5 years.
  • Bovis Homes Group's 1-year earnings growth exceeds its 5-year average (39% vs 4.3%)
  • Bovis Homes Group's earnings growth has exceeded the DE Consumer Durables industry average in the past year (39% vs -21.1%).
Earnings and Revenue History
Bovis Homes Group'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 Bovis Homes Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:44B 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 1,101.52 146.65 55.33
2019-03-31 1,081.46 141.61 55.97
2018-12-31 1,061.40 136.57 56.61
2018-09-30 1,047.03 121.02 55.92
2018-06-30 1,032.66 105.46 55.22
2018-03-31 1,030.44 98.38 56.01
2017-12-31 1,028.22 91.30 56.80
2017-09-30 1,049.01 98.87 55.33
2017-06-30 1,069.80 106.45 53.86
2017-03-31 1,062.30 113.65 51.32
2016-12-31 1,054.80 120.85 48.79
2016-09-30 1,031.70 127.37 53.72
2016-06-30 1,008.60 133.90 58.65
2016-03-31 977.55 130.95 63.66
2015-12-31 946.50 128.01 68.67
2015-09-30 892.26 118.81 66.68
2015-06-30 838.01 109.61 64.69
2015-03-31 823.69 107.41 62.11
2014-12-31 809.37 105.21 59.52
2014-09-30 751.51 94.74 56.94
2014-06-30 693.65 84.28 54.36
2014-03-31 624.82 72.17 50.99
2013-12-31 556.00 60.07 47.62
2013-09-30 497.84 51.58 45.22
2013-06-30 439.67 43.09 42.83
2013-03-31 432.60 41.64 41.53
2012-12-31 425.53 40.19 40.24

*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.
  • Bovis Homes Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bovis Homes Group used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Bovis Homes Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bovis Homes Group'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.
Bovis Homes Group 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.

Health

 How is Bovis Homes Group'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 Bovis Homes Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bovis Homes Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bovis Homes Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bovis Homes Group'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 4.1190879206851E+17x 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 Bovis Homes Group Company Filings, last reported 4 months ago.

DB:44B Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,073.79 0.00 102.40
2019-03-31 1,073.79 0.00 102.40
2018-12-31 1,061.07 36.40 163.22
2018-09-30 1,061.07 36.40 163.22
2018-06-30 1,061.27 35.81 78.60
2018-03-31 1,061.27 35.81 78.60
2017-12-31 1,056.58 25.21 170.06
2017-09-30 1,056.58 25.21 170.06
2017-06-30 1,014.11 84.95 76.39
2017-03-31 1,014.11 84.95 76.39
2016-12-31 1,015.93 0.00 38.55
2016-09-30 1,015.93 0.00 38.55
2016-06-30 965.05 25.00 17.42
2016-03-31 965.05 25.00 17.42
2015-12-31 957.76 2.00 31.99
2015-09-30 957.76 2.00 31.99
2015-06-30 894.61 86.98 28.18
2015-03-31 894.61 86.98 28.18
2014-12-31 879.12 47.01 52.26
2014-09-30 879.12 47.01 52.26
2014-06-30 835.40 102.03 56.71
2014-03-31 835.40 102.03 56.71
2013-12-31 810.26 30.06 12.03
2013-09-30 810.26 30.06 12.03
2013-06-30 770.22 60.10 11.71
2013-03-31 770.22 60.10 11.71
2012-12-31 758.85 5.61 31.52
  • Bovis Homes Group's level of debt (0%) 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 (12.1% vs 0% today).
  • Debt is well covered by operating cash flow (7.0884124860021E+18%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 30.9x coverage).
X
Financial health checks
We assess Bovis Homes Group'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. Bovis Homes Group 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.

Dividends

 What is Bovis Homes Group'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
5.07%
Current annual income from Bovis Homes Group dividends. Estimated to be 8.89% next year.
If you bought €2,000 of Bovis Homes Group shares you are expected to receive €101 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?
  • Bovis Homes Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Bovis Homes Group's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Upcoming dividend payment

Purchase Bovis Homes Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:44B 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 10 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:44B Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.88 1.00
2022-12-31 0.83 1.00
2021-12-31 0.94 8.00
2020-12-31 1.03 10.00
2019-12-31 1.05 10.00
2019-11-14
DB:44B Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-04-08 0.570 5.320
2019-02-28 0.570 5.108
2018-03-01 0.475 4.440
2017-09-07 0.475 4.230
2017-05-02 0.450 4.696
2016-08-15 0.413 4.916
2016-03-22 0.400 4.681
2016-02-22 0.400 4.361
2015-03-23 0.460 4.547
2015-02-23 0.460 4.806
2014-02-24 0.135 1.645
2013-08-19 0.100 1.274
2013-03-22 0.090 1.174
2013-02-25 0.090 1.353
2012-08-20 0.065 1.196
2012-03-27 0.050 1.091
2012-02-27 0.050 0.988
2011-04-05 0.030 0.697
2011-03-14 0.030 0.675
2010-03-08 0.000 0.000
2010-03-01 0.000 0.000
2009-08-24 0.000 0.000
2009-01-09 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, Bovis Homes Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Bovis Homes Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Bovis Homes Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Bovis Homes Group'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 Bovis Homes Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bovis Homes Group 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.

Management

 What is the CEO of Bovis Homes Group'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.
CEO
Greg Fitzgerald
COMPENSATION £2,180,000
AGE 55
TENURE AS CEO 2.6 years
CEO Bio

Mr. Gerald Fitzgerald, also known as Greg, has been the Chief Executive Officer and Director of Bovis Homes Group PLC since April 18, 2017. Mr. Fitzgerald serves as Vice Chairman of the Board at Bovis Homes Group PLC. He served as the Chairman of the Executive Board and Member of Executive Board of Galliford Try plc until December 31, 2015. Mr. Fitzgerald served as the Chief Executive Officer of Galliford Try plc from July 1, 2005 to October 1, 2015. Mr. Fitzgerald served as Managing Director for House building division since 2003 and Chairman - housebuilding business - south west of Galliford Try PLC. He co-founded Linden South West Limited in 1992 and served as its Managing Director since 1997. He serves as Non-executive Chairman of Ardent Hire Solutions Limited and Baker Estates Limited. He served as Non Executive Chairman of Galliford Try plc from December 31, 2015 to November 11, 2016 and also served as its Executive Chairman since October 21, 2014 until December 31, 2015. Mr. Fitzgerald served as a Non-Executive Director of Galliford Try Plc since December 31, 2015 November 11, 2016 and served as its Executive Director since July 1, 2003 until December 31, 2015. Mr. Fitzgerald served as a Non Executive Director at National House Building Council (NHBC) since June 2010 until July 2016. He was a founder and later Managing Director of Midas Homes, which was acquired by Galliford Try Plc in 1997. As Chief Executive, he transformed Galliford Try Plc from a building contractor into a well-respected house building and construction business, which included the acquisition of Linden Homes in 2007. His Skills: Leadership and strategic focus in house building and construction industry, business growth and value creation.

CEO Compensation
  • Greg's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Greg's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Bovis Homes Group management team in years:

9.1
Average Tenure
55
Average Age
  • The average tenure for the Bovis Homes Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Greg Fitzgerald

TITLE
Vice Chairman of the Board & CEO
COMPENSATION
£2M
AGE
55
TENURE
2.6 yrs

Earl Sibley

TITLE
Group Finance Director & Executive Director
COMPENSATION
£682K
AGE
47
TENURE
4.6 yrs

Susie Bell

TITLE
Head of Investor Relations

Kevin Wilkins

TITLE
Group Marketing Director
AGE
53
TENURE
14.3 yrs

Andrew Apps

TITLE
Managing Director of Retirement Living
AGE
64

Brian Johnson

TITLE
Managing Director of South Midlands Region
AGE
71
TENURE
13.8 yrs

Terence Hyldon

TITLE
Managing Director of Northern Region
AGE
65
TENURE
13.7 yrs

Darrell White

TITLE
Divisional Chairman of West Division
AGE
47
TENURE
1.8 yrs

James Watson

TITLE
Divisional Chairman of East Division
AGE
46
TENURE
1.8 yrs

Martin Trevor Palmer

TITLE
Group Company Secretary
AGE
60
TENURE
17.9 yrs
Board of Directors Tenure

Average tenure and age of the Bovis Homes Group board of directors in years:

3
Average Tenure
58
Average Age
  • The tenure for the Bovis Homes Group board of directors is about average.
Board of Directors

Ian Tyler

TITLE
Non-Executive Chairman
COMPENSATION
£170K
AGE
59
TENURE
6 yrs

Greg Fitzgerald

TITLE
Vice Chairman of the Board & CEO
COMPENSATION
£2M
AGE
55

Earl Sibley

TITLE
Group Finance Director & Executive Director
COMPENSATION
£682K
AGE
47
TENURE
4.6 yrs

Ralph Findlay

TITLE
Senior Independent Director
COMPENSATION
£64K
AGE
58
TENURE
1.5 yrs

Nigel Keen

TITLE
Independent Non-Executive Director
COMPENSATION
£54K
AGE
57
TENURE
3 yrs

Chris Browne

TITLE
Independent Non-Executive Director
COMPENSATION
£49K
AGE
59
TENURE
5.2 yrs

Mike Stansfield

TITLE
Independent Non-Executive Director
COMPENSATION
£49K
AGE
63
TENURE
2 yrs

Katherine Innes Ker

TITLE
Independent Non-Executive Director
COMPENSATION
£11K
AGE
58
TENURE
1.1 yrs

John Altham

TITLE
Director of Bovis Homes
AGE
55
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Nov 18 Buy Gerald Fitzgerald Individual 29. Nov 18 29. Nov 18 15,616 €10.02 €156,408
X
Management checks
We assess Bovis Homes Group'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. Bovis Homes Group 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.

News

Simply Wall St News

Company Info

Description

Bovis Homes Group PLC, together with its subsidiaries, operates as a builder of homes in the United Kingdom. The company offers two-bed to five-bed family homes. As of December 31, 2018, it had a consented land bank of 17,328 plots. The company was founded in 1885 and is headquartered in West Malling, the United Kingdom.

Details
Name: Bovis Homes Group PLC
44B
Exchange: DB
Founded: 1885
£1,946,571,658
147,947,925
Website: http://www.bovishomesgroup.co.uk
Address: Bovis Homes Group PLC
11 Tower View,
Kings Hill,
West Malling,
Kent, ME19 4UY,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE BVS Ordinary Shares London Stock Exchange GB GBP 09. Dec 1997
OTCPK BVHM.F Ordinary Shares Pink Sheets LLC US USD 09. Dec 1997
DB 44B Ordinary Shares Deutsche Boerse AG DE EUR 09. Dec 1997
BATS-CHIXE BVSL Ordinary Shares BATS 'Chi-X Europe' GB GBP 09. Dec 1997
Number of employees
Current staff
Staff numbers
1,227
Bovis Homes Group employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:06
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/07
Last earnings filing: 2019/09/10
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.