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Barratt Redrow plc (BTRW) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 4.1B GBX

BR Barratt Redrow plc BTRW · LSE
Price£2.93
Fair Value£2.49
Upside-15.1%
Quality40/100
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Expensive Growth
Thin margins · 3.6% net margin
Low debt · generates free cash flow
5.82% dividend yield
Trails peers (5/15)
Narrow moat 34/100
Evidence: High Range £1.87 – £3.11 Share as image

Fair value as of: Jul 19, 2026

From 25 valuation models · updated 21 days ago

Share price +18.5% over the past month.

Below-average quality, and screening another 15% overvalued on our models.

What matters now

  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from £1.87 (bear) to £3.11 (bull), base £2.49. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 40/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

£5.28 £2.19 Fair Value £2.49 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range £2.19 – £5.28 · fair‑value band £1.87 – £3.11 · the £2.93 price screens above the £2.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Barratt Redrow plc (BTRW) currently trades at £2.93, while our model-based Fair Value estimate is £2.49, implying the stock looks roughly 15.1% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Barratt Redrow plc generated revenue of £5.9B at a net margin of 3.6%. Revenue grew 15.4% year over year. It earns a return on equity of 2.8%. The balance sheet holds a net cash position of £714M. Fundamentals as of Jul 19, 2026

Our scenario range runs from £1.87 (bear case) to £3.11 (bull case); at £2.93, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. For context, the median of 10 Consumer Cyclical peers we cover trades at 44% fair-value upside, at -15%, BTRW screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF £1.00 £1.27 £1.68 80
Residual Income £3.97 £3.84 £3.10 76
ROIC Compounder £3.33 £3.77 £4.15 72
All 25 models by family
DCF Models
FCF DCF £1.00 £1.28 £1.71 38
Owner Earnings £2.26 £3.32 £4.97 31
5Y Revenue Exit £2.81 £4.83 £7.54 39
5Y EBITDA Exit £2.81 £4.82 £7.29 41
5Y P/E Exit £1.99 £3.24 £4.61 38
10Y Revenue Exit £2.04 £3.70 £6.18 36
10Y EBITDA Exit £2.14 £3.70 £5.99 37
10Y P/E Exit £1.62 £2.60 £3.91 35
Earnings-Based
Graham-Dodd £0.9100 £3.40 £4.60 54
Lynch FV £0.8200 £1.17 £1.52 50
PEG = 1.0 £0.8200 £1.17 £1.52 46
EPV £3.33 £3.77 £4.15 59
Dividend Discount
Gordon GGM £1.56 £3.12 £4.72 70
DDM Multi-Stage £1.56 £2.69 £3.29 61
Multiples
P/E Multiple £2.20 £2.93 £3.66 63
P/S Multiple £1.70 £2.26 £2.83 58
P/B Multiple £1.70 £2.26 £2.83 55
EV/EBIT £5.52 £7.18 £8.84 53
EV/EBITDA £4.13 £5.33 £6.52 54
EV/Revenue £3.90 £5.33 £6.76 43
Asset-Based
NCAV (Graham) £2.81 £3.77 £5.62 50
Growth DCF
Growth DCF £1.00 £1.27 £1.68 80
Economic Profit
Residual Income £3.97 £3.84 £3.10 76
ROIC Compounder £3.33 £3.77 £4.15 72
Growth Earnings
Growth-Adj P/E £1.56 £2.22 £2.89 68

Widest divergence: Asset-Based (£3.77) versus Earnings-Based (£1.17). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.9B GBX
Revenue growth (YoY) +15.4%
Net margin 3.6%
Return on equity 2.8%
Free cash flow 55.4M GBX FY2025
P/E ratio 19.6
More key figures
Operating margin 7.1%
EPS (TTM) £0.1500
Dividend yield 5.8%
EPS growth (YoY) +29.1%
Net cash 714M GBX FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 41 · Market factors (momentum, volatility) 39

Profitability 23
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company is also involved in the commercial development business, which includes offices, retail, leisure, industrial, and distribution properties under the Wilson Bowden Developments brand; and land development activities.

Full company description

Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company is also involved in the commercial development business, which includes offices, retail, leisure, industrial, and distribution properties under the Wilson Bowden Developments brand; and land development activities. In addition, it manufactures timber frames under the Oregon Timber Frame brand; and furniture under the BD Living brand. The company offers its homes under the Barratt Homes, David Wilson Homes, Redrow, and Barratt London brands. The company was formerly known as Barratt Developments plc and changed its name Barratt Redrow plc in October 2024. Barratt Redrow plc was founded in 1953 and is headquartered in Coalville, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Barratt Redrow plc reported revenue of £5.6B in FY2025 versus £4.8B in FY2021, a compound +3.8%/yr. Reported net income was £186M in FY2025, compounding −27.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
£5.6B
Latest YoY
+33.8%
Avg. growth/yr (3Y)
+1.9%
Avg. growth/yr (5Y)
+10.3%
Avg. growth/yr (39Y)
+6.7%
Revenue +3.8%/yr
FY21 £4.8B
FY22 £5.3B
FY23 £5.3B
FY24 £4.2B
FY25 £5.6B
Net income −27.1%/yr
FY21 £660M
FY22 £515M
FY23 £530M
FY24 £114M
FY25 £186M

BTRW screens 15% overvalued. Compare with D.R. Horton, Inc →

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Cite: Fair Value Calculator (2026). "Barratt Redrow plc Fair Value". https://www.fairvalue-calculator.com/stock/BTRW

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Residential Construction · 65 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 40 · Bottom 25%
Fair Value upside −15% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 3% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 15% · Top 25%
Dividend yield (TTM) 5.8% · Top 25%
Debt / equity 0.03× · Lower than 75% of peers

Valuation Multiples vs Residential Construction median · lower = cheaper

P/E (TTM) 19.6× · Pricier than 75% of peers
P/B 0.70× · Cheaper than median
P/S (TTM) 0.94× · Pricier than median
P/FCF 100.1× · Pricier than 75% of peers
EV/EBITDA 8.5× · Pricier than median
PEG 0.45× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 13 · sector 51
FUTURE 77 · sector 0
PAST 11 · sector 33
HEALTH 99 · sector 88
DIVIDEND 100 · sector 54

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Residential Construction stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
D.R. Horton, Inc DHI $149.39 $214.93 +44%
PulteGroup, Inc PHM $124.75 $193.56 +55%
Lennar Corporation LEN $83.89 $146.58 +75%
NVR, Inc NVR $6,479 $7,821 +21%
Toll Brothers, Inc TOL $150.76 $225.76 +50%
Taylor Morrison Home Corporation TMHC $72.13 $144.47 +100%
Installed Building Products, Inc IBP $228.65 $209.51 -8%
Meritage Homes Corporation MTH $73.83 $104.26 +41%
Champion Homes, Inc SKY $82.70 $75.12 -9%
Cavco Industries, Inc CVCO $569.16 $421.10 -26%

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Frequently asked questions

Is Barratt Redrow plc (BTRW) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of £2.49 versus a price of £2.93, about −15% (overvalued).
What is the fair value of BTRW?
Our model-based fair value for Barratt Redrow plc is £2.49 (as of Jul 19, 2026), built from audited fundamentals. The current price is £2.93.
What is the quality score of BTRW?
Barratt Redrow plc has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Barratt Redrow plc (BTRW)?
Barratt Redrow plc reported trailing-twelve-month revenue of about £5.9B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of BTRW?
The net profit margin of Barratt Redrow plc is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does Barratt Redrow plc pay a dividend?
Barratt Redrow plc currently shows a dividend yield of about 6.50% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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