Berkeley Group Holdings (The) (BKG)

Sector:

Household Goods

Index:

FTSE 100

3,958.00p
   
  • Change Today:
    -124.00p
  • 52 Week High: 5,357.61p
  • 52 Week Low: 3,670.00p
  • Currency: UK Pounds
  • Shares Issued: 109.64m
  • Volume: 279,555
  • Market Cap: £4,339.48m
  • RiskGrade: 234

Berkeley Group delivers solid FY results amid 'exceptionally volatile' period

By Iain Gilbert

Date: Wednesday 22 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Property developer and housebuilder Berkeley Group said on Wednesday that full-year pre-tax profits and earnings per share had both improved in the twelve months ended 30 April, reflecting the "stability" of its "uniquely long-term operating model" throughout an "exceptionally volatile" period.
Berkeley posted a 6.4% rise in pre-tax profits to £551.5m, a 23.1% surge in basic earnings per share to 417.8p, and a single percentage point increase in pre-tax return on equity to 17.5%. Revenues were up 6.6% at £2.38bn on the sale of 3,760 homes, compared to 2,825 in the prior year.

The FTSE 100-listed firm stated that the value of its underlying reservations was up 25% year-on-year and slightly ahead of pre-Covid levels, with cost inflation absorbed by sales prices.

Berkeley also highlighted that the value of its land holdings had shot up by £1.37m to £8.25m, with the net asset value of its portfolio rising by £2.06 per share to £28.18, but noted its net cash balance had fallen by £859.0m to £269.0m.

"An increase to profits forecasts for the next three years and strong hints of even greater cash returns to shareholders are failing to move shares in high-end housebuilder Berkeley," said AJ Bell's investment director Russ Mould. "Investors are focusing instead on rising interest rates, falling consumer confidence and fears of a recession, especially as acquisitions, dividends, and buybacks are whittling down the FTSE 100 firm's net cash pile."

Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BKG Market Data

Currency UK Pounds
Share Price 3,958.00p
Change Today -124.00p
% Change -3.04 %
52 Week High 5,357.61p
52 Week Low 3,670.00p
Volume 279,555
Shares Issued 109.64m
Market Cap £4,339.48m
RiskGrade 234

BKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.25% above the market average30.25% above the market average30.25% above the market average30.25% above the market average30.25% above the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average
Price Trend
15.82% below the market average15.82% below the market average15.82% below the market average15.82% below the market average15.82% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income
61.07% above the market average61.07% above the market average61.07% above the market average61.07% above the market average61.07% above the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Growth
57.21% below the market average57.21% below the market average57.21% below the market average57.21% below the market average57.21% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average

What The Brokers Say

Strong Buy 8
Buy 4
Neutral 3
Sell 0
Strong Sell 1
Total 16
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BKG Dividends

  Latest Previous
  Interim 2nd Interim
Ex-Div 18-Aug-22 04-Mar-21
Paid 09-Sep-22 19-Mar-21
Amount 21.25p 9.13p

Trades for 17-Aug-2022

Time Volume / Share Price
16:45 4,020 @ 3,966.00p
16:35 116,951 @ 3,958.00p
16:29 1 @ 3,969.00p
16:29 3 @ 3,969.00p
16:29 24 @ 3,968.00p

BKG Key Personnel

CEO Robert C G Perrins
Finance Director Richard Stearn

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