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Vistry Group

BATS-CHIXE:BVSL
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BVSL
BATS-CHIXE
£2B
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

Vistry Group PLC, together with its subsidiaries, operates as a builder of homes in the United Kingdom. The last earnings update was 125 days ago. More info.


Add to Portfolio Compare Print
BVSL Share Price and Events
7 Day Returns
0%
BATS-CHIXE:BVSL
0.2%
GB Consumer Durables
-0.2%
GB Market
1 Year Returns
38.2%
BATS-CHIXE:BVSL
28.9%
GB Consumer Durables
11.7%
GB Market
BVSL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vistry Group (BVSL) 0% -4.1% 5.2% 38.2% 57.5% 67.8%
GB Consumer Durables 0.2% 9.7% 14.7% 28.9% 38.4% 87.2%
GB Market -0.2% 4.8% 6.8% 11.7% 4.9% 11.9%
1 Year Return vs Industry and Market
  • BVSL outperformed the Consumer Durables industry which returned 28.9% over the past year.
  • BVSL outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 11.7% over the past year.
Price Volatility
BVSL
Industry
5yr Volatility vs Market

Value

 Is Vistry 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 Vistry 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 Vistry Group.

BATS-CHIXE:BVSL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:BVSL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.78 (1 + (1- 19%) (1.15%))
0.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.857 * 6.07%)
5.73%

Discounted Cash Flow Calculation for BATS-CHIXE:BVSL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vistry Group 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.

BATS-CHIXE:BVSL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 5.73%)
2020 170.00 Analyst x1 160.78
2021 175.25 Est @ 3.09% 156.76
2022 261.00 Analyst x1 220.81
2023 267.05 Est @ 2.32% 213.68
2024 271.81 Est @ 1.78% 205.69
2025 275.64 Est @ 1.41% 197.28
2026 278.79 Est @ 1.14% 188.72
2027 281.47 Est @ 0.96% 180.20
2028 283.80 Est @ 0.83% 171.84
2029 285.91 Est @ 0.74% 163.73
Present value of next 10 years cash flows £1,859.00
BATS-CHIXE:BVSL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £285.91 × (1 + 0.53%) ÷ (5.73% – 0.53%)
£5,524.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £5,524.36 ÷ (1 + 5.73%)10
£3,163.62
BATS-CHIXE:BVSL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,859.00 + £3,163.62
£5,022.62
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £5,022.62 / 153.60
£32.7
BATS-CHIXE:BVSL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:BVSL represents 0.9712x of LSE:VTY
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9712x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 32.70 x 0.9712
£31.76
Value per share (GBP) From above. £31.76
Current discount Discount to share price of £12.48
= -1 x (£12.48 - £31.76) / £31.76
60.7%

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

Current Discount
Amount off the current price Vistry Group is available for.
Intrinsic value
>50%
Share price is £12.48 vs Future cash flow value of £31.76
Current Discount Checks
For Vistry Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vistry Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Vistry Group's share price is below the future cash flow value, and 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 Vistry Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vistry Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:BVSL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £1.05
LSE:VTY Share Price ** LSE (2020-01-06) in GBP £12.85
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 11.69x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 753 Publicly-Listed Companies 18.31x

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

** Primary Listing of Vistry Group.

BATS-CHIXE:BVSL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 12.85 ÷ 1.05

12.2x

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

  • Vistry Group is overvalued based on earnings compared to the GB Consumer Durables industry average.
  • Vistry Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Vistry Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:BVSL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
24.8%per year
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 21 Publicly-Listed Consumer Durables Companies 1.71x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 556 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:BVSL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.2x ÷ 24.8%

0.49x

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

  • Vistry Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Vistry Group's assets?
Raw Data
BATS-CHIXE:BVSL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £7.69
LSE:VTY Share Price * LSE (2020-01-06) in GBP £12.85
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 1.65x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,315 Publicly-Listed Companies 1.62x
BATS-CHIXE:BVSL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.85 ÷ 7.69

1.67x

* Primary Listing of Vistry Group.

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

  • Vistry Group is overvalued based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess Vistry 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. Vistry 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 Vistry Group expected to perform in the next 1 to 3 years based on estimates from 7 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
24.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vistry Group expected to grow at an attractive rate?
  • Vistry Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Vistry Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Vistry Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:BVSL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:BVSL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 24.8%
BATS-CHIXE:BVSL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 25.6%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
BATS-CHIXE:BVSL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:BVSL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,824 405 391 1
2022-12-31 2,662 327 356 2
2021-12-31 2,599 332 326 6
2020-12-31 2,526 241 283 7
2020-01-13
2019-12-31 1,090 187 146 10
BATS-CHIXE:BVSL 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
  • Vistry Group's earnings are expected to grow significantly at over 20% yearly.
  • Vistry Group's revenue is expected to grow significantly at over 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
BATS-CHIXE:BVSL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Vistry Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BVSL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.70 1.70 1.70 1.00
2022-12-31 1.61 1.61 1.61 1.00
2021-12-31 1.44 1.50 1.31 6.00
2020-12-31 1.25 1.36 1.18 7.00
2020-01-13
2019-12-31 1.06 1.14 0.95 8.00
BATS-CHIXE:BVSL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 1.05
2019-03-31 1.02
2018-12-31 0.98
2018-09-30 0.87
2018-06-30 0.75
2018-03-31 0.71
2017-12-31 0.66
2017-09-30 0.71
2017-06-30 0.76
2017-03-31 0.82
2016-12-31 0.87
2016-09-30 0.91

*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.
  • Vistry Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Vistry 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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
Vistry Group has a total score of 5/6, 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 Vistry 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 Vistry 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.
  • Vistry Group's year on year earnings growth rate has been positive over the past 5 years.
  • Vistry Group's 1-year earnings growth exceeds its 5-year average (39% vs 4.3%)
  • Vistry Group's earnings growth has exceeded the GB Consumer Durables industry average in the past year (39% vs 4.4%).
Earnings and Revenue History
Vistry 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 Vistry Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:BVSL 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

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vistry Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vistry Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vistry 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 Vistry Group Company Filings, last reported 6 months ago.

BATS-CHIXE:BVSL 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
  • Vistry 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 Vistry 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. Vistry 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 Vistry 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
4.61%
Current annual income from Vistry Group dividends. Estimated to be 6.32% next year.
If you bought £2,000 of Vistry Group shares you are expected to receive £92 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?
  • Vistry Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.86%).
  • Vistry Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (4.88%).
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
BATS-CHIXE:BVSL 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 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 679 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:BVSL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.85 1.00
2022-12-31 0.79 2.00
2021-12-31 0.86 10.00
2020-12-31 0.77 11.00
2020-01-13
2019-12-31 1.02 10.00
BATS-CHIXE:BVSL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-12-10 0.592 4.591
2019-04-08 0.549 5.256
2019-02-28 0.549 5.107
2018-03-01 0.458 4.439
2017-09-07 0.458 4.229
2017-05-02 0.433 4.696
2016-08-15 0.398 4.916
2016-03-22 0.385 4.681
2016-02-22 0.385 4.361
2015-03-23 0.443 4.548
2015-02-23 0.443 4.807
2014-02-24 0.130 1.645
2013-08-19 0.096 1.274
2013-03-22 0.087 1.174
2013-02-25 0.087 1.353
2012-08-20 0.063 1.196
2012-03-27 0.048 1.092
2012-02-27 0.048 0.989
2011-04-05 0.029 0.697
2011-03-14 0.029 0.675
2010-03-08 0.000 0.000
2010-03-01 0.000 0.000
2009-08-24 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, Vistry Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Vistry Group only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Vistry 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 (1.9x coverage).
X
Income/ dividend checks
We assess Vistry Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Vistry Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vistry Group has a total score of 3/6, 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 Vistry 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 2.8 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 United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

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

13.8
Average Tenure
55
Average Age
  • The average tenure for the Vistry 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
2.8 yrs

Earl Sibley

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

Susie Bell

TITLE
Head of Investor Relations

Kevin Wilkins

TITLE
Group Marketing Director
AGE
53
TENURE
14.5 yrs

Andrew Apps

TITLE
Managing Director of Retirement Living
AGE
64

Brian Johnson

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

Terence Hyldon

TITLE
Managing Director of Northern Region
AGE
65
TENURE
13.8 yrs

Darrell White

TITLE
Divisional Chairman of West Division
AGE
47
TENURE
2 yrs

Martin Trevor Palmer

TITLE
Group Company Secretary
AGE
60
TENURE
18.1 yrs

Keith Carnegie

TITLE
Chief Executive Officer of Partnerships Housing
AGE
49
Board of Directors Tenure

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

3.2
Average Tenure
58
Average Age
  • The tenure for the Vistry Group board of directors is about average.
Board of Directors

Ian Tyler

TITLE
Non-Executive Chairman
COMPENSATION
£170K
AGE
59
TENURE
6.2 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
4.8 yrs

Ralph Findlay

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

Nigel Keen

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

Chris Browne

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

Mike Stansfield

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

Katherine Innes Ker

TITLE
Independent Non-Executive Director
COMPENSATION
£11K
AGE
58
TENURE
1.3 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 (£)
X
Management checks
We assess Vistry 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. Vistry 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

Vistry 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 formerly known as Bovis Homes Group PLC and changed its name to Vistry Group PLC in January 2020. Vistry Group PLC was founded in 1885 and is headquartered in West Malling, the United Kingdom.

Details
Name: Vistry Group PLC
BVSL
Exchange: BATS-CHIXE
Founded: 1885
£1,949,226,942
153,603,384
Website: http://www.vistrygroup.co.uk
Address: Vistry 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 VTY 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
Vistry Group employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/13 19:41
End of day share price update: 2020/01/06 00:00
Last estimates confirmation: 2020/01/13
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.