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Barratt Redrow
(LSE:BTRW)
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Select Model
Rating:68Neutral
Price Target:
331.00 p
▲(3.21% Upside)
Action:Reiterated
Date:09/29/26
The score is driven primarily by solid financial resilience from very low leverage and improving operating momentum, but held back by still-compressed profitability and volatile cash flow. Technically, the stock is in an uptrend but looks near overbought. Valuation is reasonable rather than compelling, and the earnings call was supportive on volumes/synergies but tempered by margin headwinds and sizeable remediation commitments.
Positive Factors
Conservative Balance Sheet
Very low leverage gives Barratt Redrow financial flexibility through the housing cycle and reduces exposure to refinancing pressure. A sizable equity base and improved net cash position also support continued investment, resilience, and disciplined capital allocation.
Negative Factors
Margin Compression
Lower pricing power and persistent build-cost inflation are compressing development margins, directly reducing profit earned on each completed home. If this persists, recovery in volumes may translate into weaker returns and limit the benefit of operating scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Very low leverage gives Barratt Redrow financial flexibility through the housing cycle and reduces exposure to refinancing pressure. A sizable equity base and improved net cash position also support continued investment, resilience, and disciplined capital allocation.
Read all positive factors
Barratt Redrow (BTRW) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£4.60B
Dividend Yield1.78%
Average Volume (3M)6.36M
Price to Earnings (P/E)19.6
Beta (1Y)1.35
Revenue Growth8.55%
EPS Growth26.47%
CountryUK
Employees7,717
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)0.17
Shares Outstanding1,373,429,300
10 Day Avg. Volume5,136,589
30 Day Avg. Volume6,361,810
Financial Highlights & Ratios
PEG Ratio0.77
Price to Book (P/B)0.51
Price to Sales (P/S)0.66
P/FCF Ratio8.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£327.38Price Target Upside2.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)0.23
Revenue Forecast (FY)£6.14B
Barratt Redrow Business Overview & Revenue Model
Company Description
Operating as a prominent housebuilder in the United Kingdom, Barratt Redrow plc manages the full spectrum of property development. This includes acquiring and preparing land, then planning, designing, and constructing various residential offerings...
How the Company Makes Money
Barratt Redrow primarily makes money by developing and selling newly built residential properties. Its core revenue stream is the sale of completed homes: the company acquires or controls land (including strategic land options), secures planning p...
Barratt Redrow Earnings Call Summary
Earnings Call Date:Sep 16, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 10, 2027
Earnings Call Sentiment Positive
The call was cautiously positive. Management emphasized resilient completions, completed Redrow integration, confirmed cost synergies, strong liquidity, encouraging multi-brand trading, and a 6% increase in forward sales. However, these strengths were balanced by lower profit and margins, underlying price deflation, build cost inflation, substantial building safety obligations, affordability pressures, planning delays, and reduced outlet guidance. The highlights modestly outweighed the lowlights because management maintained FY 2027 completion guidance and reported stable or improving current trading.Positive Updates
Resilient Full-Year Performance
Barratt Redrow delivered a solid operational and financial performance despite challenging market conditions, with overall performance in line with expectations.
Negative Updates
Adjusted PBT Declined
Adjusted PBT was GBP 572.8 million, lower than the prior year because of higher net interest costs and lower joint venture profits.
Read all updates
Q4-2026 Updates
Positive
Negative
Resilient Full-Year Performance
Barratt Redrow delivered a solid operational and financial performance despite challenging market conditions, with overall performance in line with expectations.
Read all positive updates
Company Guidance
For FY 2027, Barratt Redrow expects total completions of between 17,500 and 17,900, affordable volumes to return to around 20% of completions, joint venture completions to increase slightly to around 600 units, average outlets to be stable at approximately 405, build cost inflation of 3%-4%, administrative expenses of approximately GBP 360 million, legacy property remediation spending of approximately GBP 300 million, settling line creditors of GBP 340 million, and year-end net cash of between GBP 400 million and GBP 500 million; it is guiding towards land approvals of between 6,000 and 8,000 plots, but only if it sees sufficiently attractive opportunities, expects an annual profit and loss synergy contribution of approximately GBP 95 million, and expects 18 synergy sales outlets in FY 2027, with the balance of 15 becoming active in FY 2028.Barratt Redrow Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
82
Very Positive
Cash Flow
58
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.05B | 5.58B | 4.17B | 5.32B | 5.27B |
| Gross Profit | 867.70M | 860.70M | 509.50M | 974.90M | 899.90M |
| EBITDA | 625.10M | 363.00M | 255.00M | 888.50M | 672.60M |
| Net Income | 243.20M | 186.40M | 114.10M | 530.30M | 515.10M |
Balance Sheet | |||||
| Total Assets | 11.12B | 11.55B | 7.88B | 8.00B | 8.21B |
| Cash, Cash Equivalents and Short-Term Investments | 970.90M | 969.60M | 1.07B | 1.27B | 1.35B |
| Total Debt | 247.60M | 255.20M | 242.80M | 249.60M | 254.40M |
| Total Liabilities | 3.34B | 3.68B | 2.44B | 2.41B | 2.58B |
| Stockholders Equity | 7.78B | 7.87B | 5.44B | 5.60B | 5.63B |
Cash Flow | |||||
| Free Cash Flow | 445.90M | 55.40M | 89.00M | 442.40M | 387.70M |
| Operating Cash Flow | 458.10M | 73.50M | 96.20M | 465.50M | 417.60M |
| Investing Cash Flow | -80.30M | 151.60M | 12.00M | 55.40M | -222.40M |
| Financing Cash Flow | -376.50M | -320.80M | -308.60M | -590.60M | -378.40M |
Barratt Redrow Technical Analysis
Positive
320.70
Price Trends
308.90
Positive
298.13
Positive
299.15
Positive
Market Momentum
5.18
Negative
51.25
Neutral
73.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BTRW, the sentiment is Positive. The current price of 320.7 is above the 20-day moving average (MA) of 311.10, above the 50-day MA of 308.90, and above the 200-day MA of 299.15, indicating a bullish trend. The MACD of 5.18 indicates Negative momentum. The RSI at 51.25 is Neutral, neither overbought nor oversold. The STOCH value of 73.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BTRW.
Barratt Redrow Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £2.93B | 11.70 | 5.99% | 4.89% | 9.47% | 193.33% | |
68 Neutral | £4.60B | 19.62 | 3.13% | 1.78% | 8.55% | 26.47% | |
68 Neutral | £3.18B | 10.59 | 8.79% | 6.88% | -4.15% | -10.86% | |
66 Neutral | £4.24B | 13.91 | 8.45% | 4.54% | 17.38% | 18.92% | |
64 Neutral | £2.51B | 13.54 | 5.49% | 3.18% | 13.63% | 26.37% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | £876.56M | -1.75 | -16.57% | 7.03% | -7.99% | -5071.71% |
* Consumer Cyclical Sector Average
GB:BTRW
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Barratt Redrow Corporate Events
Business Operations and StrategyStock Buyback
Barratt Redrow Tightens Share Base With Ongoing £386m Buyback
Positive
Oct 12, 2026
Barratt Redrow plc has continued executing its previously announced £386 million share repurchase programme, buying back and cancelling roughly 3.35 million ordinary shares between 5 and 9 October 2026 via on-exchange transactions with Barcla...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Barratt Redrow Files 2026 Annual Report and Sets Date for AGM
Neutral
Oct 6, 2026
Barratt Redrow PLC has published its 2026 Annual Report and Accounts for the 52-week period ended 28 June 2026, along with the Notice of its upcoming Annual General Meeting and related shareholder documents, including proposed amendments to its Pe...
Executive/Board ChangesRegulatory Filings and Compliance
Barratt Redrow Grants £2.5m Share Award to New CEO Dean Banks
Positive
Oct 6, 2026
Barratt Redrow has granted its newly appointed chief executive, Dean Banks, a conditional recruitment award over 820,995 ordinary shares, valued at £2.526 million, to compensate for incentives forfeited on leaving his previous employer. The a...
Business Operations and StrategyStock Buyback
Barratt Redrow Advances £386m Buyback, Cuts Share Count to 1.38bn
Positive
Oct 5, 2026
Barratt Redrow has continued executing its previously announced £386 million share repurchase programme, buying 1,869,355 ordinary shares for cancellation between 28 September and 2 October 2026 via on-exchange transactions with Barclays on t...
Regulatory Filings and Compliance
Barratt Redrow Confirms Total Voting Rights and Share Capital Structure
Neutral
Oct 1, 2026
Barratt Redrow PLC reported that, as of 30 September 2026, its issued share capital stands at 1,385,021,442 ordinary shares of 10 pence each, with an equivalent number of voting rights attached. None of these shares are held in treasury, meaning t...
Business Operations and StrategyStock Buyback
Barratt Redrow Advances £386m Buyback with Further Share Cancellations
Positive
Sep 28, 2026
Barratt Redrow has continued executing its previously announced £386 million share buyback, repurchasing and cancelling around 2.34 million ordinary shares between 21 and 25 September 2026 via Barclays on the London Stock Exchange. The compan...
Business Operations and StrategyStock Buyback
Barratt Redrow Cancels Over 25 Million Shares Under Ongoing Buyback
Positive
Sep 28, 2026
Barratt Redrow has continued to execute its £386 million share repurchase programme, buying a total of 2,336,977 ordinary shares for cancellation between 21 and 25 September 2026 through on-exchange transactions with Barclays on the London St...
DividendsShareholder Meetings
Barratt Redrow Confirms Timetable for FY26 Final Dividend
Positive
Sep 21, 2026
Barratt Redrow PLC has confirmed the timetable for its proposed final dividend following its FY26 results announcement. Subject to approval at the 2026 Annual General Meeting, the company plans to pay a final dividend of 1.0 pence per ordinary sha...
Business Operations and StrategyStock Buyback
Barratt Redrow Advances £386m Share Buyback, Cuts Share Count
Positive
Sep 21, 2026
Barratt Redrow plc has continued executing its previously announced £386 million share repurchase programme, buying and cancelling 2,670,000 ordinary shares of 10 pence each between 14 and 18 September 2026 through on-exchange transactions wi...
Regulatory Filings and Compliance
Barratt Redrow Director Katie Bickerstaffe Buys Shares in UK Housebuilder
Positive
Sep 17, 2026
Barratt Redrow plc has disclosed a share transaction by non-executive director Katie Bickerstaffe, in line with UK Market Abuse Regulation requirements. Bickerstaffe purchased 6,526 ordinary shares at a price of £3.048 per share on 16 Septemb...
Business Operations and StrategyStock BuybackDividendsFinancial DisclosuresM&A Transactions
Barratt Redrow posts solid results as Redrow integration drives synergies
Positive
Sep 16, 2026
Barratt Redrow plc reported 52-week results showing solid operational momentum despite a tough housing market, with total home completions rising 5.0% to 17,667 and revenue up 6.6% to £6.06bn. Statutory profit before tax jumped to £363.5...
Business Operations and StrategyStock Buyback
Barratt Redrow Cancels Shares as £386m Buyback Progresses
Positive
Sep 14, 2026
Barratt Redrow has continued executing its previously announced £386 million share repurchase programme, buying back ordinary shares of 10 pence each on the London Stock Exchange between 7 and 11 September 2026. All shares acquired during thi...
Business Operations and StrategyStock Buyback
Barratt Redrow Advances £386m Share Buyback, Cuts Share Count
Positive
Sep 7, 2026
Barratt Redrow plc has continued executing its previously announced £386 million share repurchase programme, buying 1,872,000 ordinary shares between 1 and 4 September 2026 on the London Stock Exchange for cancellation. These purchases, condu...
Regulatory Filings and Compliance
Barratt Redrow Confirms Total Voting Rights at Nearly 1.4 Billion Shares
Neutral
Sep 1, 2026
Barratt Redrow PLC reported that, as of 31 August 2026, it had an issued share capital of 1,395,705,881 ordinary shares of 10p each, all carrying voting rights and with none held in treasury. This figure sets the official total number of voting ri...
Business Operations and StrategyStock Buyback
Barratt Redrow Cancels 15.6 Million Shares as Buyback Progresses
Positive
Aug 28, 2026
Barratt Redrow has continued executing its £386 million share repurchase programme, buying 2.06 million ordinary shares for cancellation between 24 and 28 August 2026 via on-exchange trades with Barclays on the London Stock Exchange. These pu...
Regulatory Filings and Compliance
Barratt Redrow Corrects Director Shareholding Disclosure for Katie Bickerstaffe
Neutral
Aug 25, 2026
Barratt Redrow plc has corrected an earlier disclosure regarding a share purchase by non-executive director Katie Bickerstaffe, a transaction that falls under mandatory reporting of director dealings on the London market. The revised filing confir...
Business Operations and StrategyStock Buyback
Barratt Redrow Advances £386m Share Buyback, Cuts Share Count
Positive
Aug 24, 2026
Barratt Redrow plc has continued executing its £386 million share repurchase programme, buying back ordinary shares of 10 pence each from Barclays Bank plc between 17 and 21 August 2026 as on-exchange transactions on the London Stock Exchange...
Stock Buyback
Barratt Redrow Advances £386m Buyback, Cuts Share Count to 1.40bn
Positive
Aug 17, 2026
Barratt Redrow has continued executing its previously announced £386 million share repurchase programme, buying back and cancelling 2,056,345 ordinary shares between 10 and 14 August 2026 via on-exchange transactions with Barclays Bank on the...
Business Operations and StrategyStock Buyback
Barratt Redrow Advances £386m Buyback, Shrinks Share Base to 1.4bn
Positive
Aug 10, 2026
Barratt Redrow has continued executing its £386 million share repurchase programme, buying and cancelling 2,071,531 ordinary shares between 3 and 7 August 2026 in on-exchange transactions with Barclays on the London Stock Exchange. The purcha...
Regulatory Filings and Compliance
Barratt Redrow Updates Market on Total Voting Rights
Neutral
Aug 3, 2026
Barratt Redrow PLC has confirmed that, as of 31 July 2026, its issued share capital stands at 1,404,461,263 ordinary shares of 10p each, with an equivalent number of voting rights attached and no shares held in treasury. This disclosure clarifies ...
Business Operations and StrategyStock Buyback
Barratt Redrow Advances £386m Buyback, Cuts Share Count to 1.40bn
Positive
Aug 3, 2026
Barratt Redrow has continued executing its £386 million share repurchase programme, buying 2.75 million ordinary shares for cancellation on the London Stock Exchange between 27 and 31 July 2026. The purchases, conducted via Barclays as princi...
Business Operations and StrategyStock Buyback
Barratt Redrow Continues £386m Buyback, Cuts Share Count and Voting Base
Positive
Jul 27, 2026
Barratt Redrow plc has continued executing its previously announced £386 million share repurchase programme, buying back 2,755,000 ordinary shares of 10 pence each between 20 and 24 July 2026. These purchases, conducted as on-exchange transac...
Regulatory Filings and Compliance
Barratt Redrow Non-Executive Director Increases Shareholding
Positive
Jul 22, 2026
Barratt Redrow plc has disclosed that non-executive director Geeta Nanda purchased 1,701 ordinary shares in the company at a price of £2.94 per share on 22 July 2026. The transaction, executed on the London Stock Exchange and reported under U...
Business Operations and StrategyStock Buyback
Barratt Redrow Launches £386m Buyback, Cuts Share Count
Positive
Jul 20, 2026
Barratt Redrow plc has begun executing a £386 million share repurchase programme announced on 15 July 2026, buying back 1,653,000 ordinary shares of 10 pence each for cancellation between 15 and 17 July through on-exchange transactions with B...
Business Operations and StrategyStock Buyback
Barratt Redrow Launches £386m Share Buyback to Cut Capital and Boost Returns
Positive
Jul 15, 2026
Barratt Redrow PLC has launched a substantial share buyback programme, authorising the repurchase of up to £386 million of its ordinary shares by 2 July 2027. The company has appointed Barclays Bank PLC to manage a first tranche of up to ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Barratt Redrow Boosts Shareholder Returns After Solid Year in Tough UK Housing Market
Positive
Jul 15, 2026
Barratt Redrow reported a solid trading performance for FY26 in a tough housing market, completing 17,667 homes and delivering adjusted profit before tax in line with expectations. Operational discipline, reduced land spend and cost controls helpe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.