Bovis Homes (BVS)

Company name:	Bovis Homes Group Plc
Company Description:	Bovis Homes is a builder of residential and retirement homes. Bovis is different from a number of other housebuilders in that each region has its own professional teams covering key disciplines, including land buying, legal, architecture, town planning, construction, engineering, sales, marketing and finance
EPIC:	BVS	Trading Currency:	GBX
Market Sector:	F25F	ISIN:	GB0001859296
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://www.bovishomes.com/	Description:	ORD 50P
Industry Sector:	HOUSEHOLD GOODS & HOME CONSTRUCTION

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
1,312.00	0.0 [0.00]	1,311.00	1,312.00	-	-	-	-
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
2,856.79	217.74	0.07	101.60	102.00	12.91	7.77	1,401.00 - 996.50

Bovis Homes Key Figures

(at previous day's close)
Market Cap.	2,856.79	m
Shares In Issue	217.74	m
Prev. Close	1,312.00
PE Ratio	12.91
Dividend Yield	7.77	%
EPS - basic	101.60	p
Dividend PS	102.00	p
Dividend Cover	1.00
Cash Flow PS	60.01	p
Return On Equity (ROE)	12.87	%
Operating Margin	15.83	%
PEG Factor	0.26
EPS Growth Rate	49.41	%
Dividends PS Growth Rate	114.74	%
Net Debt	357.91	m
Gross Gearing	33.00	%
Quick Assets	229.71	m
Net Working Capital	1,248.33	m
Intangibles / Fixed Assets	3.21	%
Turnover PS	487.45	p
Pre-Tax Profit PS	77.19	p
Retained Profit PS	3.17	p
Cash PS	75.59	p
Net Cash PS	-62.92	p
Net Tangible Asset Value PS *	486.81	p
Net Asset Value PS	487.30	p
Spread	1.00 (0.08%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Bovis Homes Balance Sheet

Share Price Performance

Sorry No Data Available

Share Price Chart (5 years)

Bovis Homes Historic Returns

Sorry No Data Available

Bovis Homes Key Management Ratios

Bovis Homes Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	7.45
PE Ratio	12.91
Tobin's Q Ratio	1.80
Tobin's Q Ratio (excl. intangibles)	1.80
Dividend Yield	7.77	%
Market-to-Book Ratio	2.69
Price-to-Pre-Tax Profit PS	17.00
Price-to-Retained Profit PS	413.73
Price-to-Cash Flow PS	21.86
Price-to-Sales PS	2.69
Price-to-Net Tangible Asset Value PS	2.70
Price-to-Cash PS	17.36
Net Working Capital PS	573.31
Price Pct to Working Capital PS	2.29	%
Earnings Yield	7.74	%
Average PE	11.34
Years in average	5
PE to PE average	113.85	%

Bovis Homes Financial Ratios

(Leverage Ratios)
Debt Ratio	17.23	%
Debt-to-Equity Ratio	0.21
Debt-to-Equity Ratio (excl. Intgbl)	0.21
Debt-to-Equity Market Value	0.08
Net Gearing	22.60	%
Net Gearing (excl. Intangibles)	22.62	%
Gross Gearing	33.00	%
Gross Gearing (excl. Intangibles)	33.02	%
Gearing Under 1 Year	19.05	%
Gearing Under 1 Year (excl. Intgbl)	19.06	%
Assets/Equity	1.49
Cash/Equity	15.51
(Liquidity Ratios)
Net Working Capital to Total Assets	78.83	%
Current Ratio	5.14
Quick Ratio (Acid Test)	0.76
Liquidity Ratio	0.55
Cash & Equiv/Current Assets	10.62	%
(Solvency Ratios)
Enterprise Value	2,913.09	m
CFO/Sales	0.12
CFO/Attributable Profit	0.96
CFO/Assets	0.08
CFO/Debt	0.25
Total Debt/Equity Market Value	0.18
Total Debt/Sales	0.49
Total Debt/Pre-Tax Profit	3.11
Total Debt	522.51	m
Total Debt/Net Current Assets	0.42	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	4.09	%
5 yr Compound Earnings Growth	5.27	%
10 yr Compound Earnings Growth	43.21	%
Earn drops > 5% in 10yrs	5

Beta (60-Mnth)	Beta (36-Mnth)
0.0729	-0.1030

Bovis Homes Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	13.11	%
Return On Assets (ROA)	8.62	%
Net Profit Margin	12.87	%
Assets Turnover	0.67
Return On Equity (ROE)	12.87	%
Return On Investment (ROI)	11.11	%
Dividend Payout Ratio	100.39	%
Plowback Ratio	-0.39	%
Growth from Plowback Ratio	-0.05	%
Net Income Of Revenues	0.65	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.00
Fixed Assets Turnover	45.10
Current Assets Turnover	0.68
Net Working Capital Turnover
Inventory Turnover	0.80
(Other Operating Ratios)
Total Assets-to-Sales	1.49
Debtors-to-Sales	6.72	%
Debt Collection Period	24.52	Days

Bovis Homes Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
10 Dec 2019	Interim	GBX	41.00	31/12/2018	31/12/2019	24/12/2019	27/12/2019	29/05/2020	-
10 Sep 2019	Interim	GBX	20.50	31/12/2018	31/12/2019	26/09/2019	27/09/2019	22/11/2019	-
28 Feb 2019	Final	GBX	38.00	31/12/2017	31/12/2018	28/03/2019	29/03/2019	24/05/2019	102.00
06 Sep 2018	Special	GBX	45.00	31/12/2017	31/12/2018	27/09/2018	28/09/2018	23/11/2018	-
06 Sep 2018	Interim	GBX	19.00	31/12/2017	31/12/2018	27/09/2018	28/09/2018	23/11/2018	-
01 Mar 2018	Final	GBX	32.50	31/12/2016	31/12/2017	02/04/2018	03/04/2018	25/05/2018	47.50
07 Sep 2017	Interim	GBX	15.00	31/12/2016	31/12/2017	21/09/2017	22/09/2017	17/11/2017	-
20 Feb 2017	Final	GBX	30.00	31/12/2015	31/12/2016	23/03/2017	24/03/2017	19/05/2017	45.00
15 Aug 2016	Interim	GBX	15.00	31/12/2015	31/12/2016	22/09/2016	23/09/2016	18/11/2016	-
22 Feb 2016	Final	GBX	26.30	31/12/2014	31/12/2015	24/03/2016	29/03/2016	20/05/2016	40.00
17 Aug 2015	Interim	GBX	13.70	31/12/2014	31/12/2015	24/09/2015	25/09/2015	20/11/2015	-
23 Feb 2015	Final	GBX	23.00	31/12/2013	31/12/2014	26/03/2015	27/03/2015	22/05/2015	35.00
18 Aug 2014	Interim	GBX	12.00	31/12/2013	31/12/2014	24/09/2014	26/09/2014	21/11/2014	-
24 Feb 2014	Final	GBX	9.50	31/12/2012	31/12/2013	26/03/2014	28/03/2014	23/05/2014	13.50
19 Aug 2013	Interim	GBX	4.00	31/12/2012	31/12/2013	25/09/2013	27/09/2013	22/11/2013	-
25 Feb 2013	Final	GBX	6.00	31/12/2011	31/12/2012	27/03/2013	02/04/2013	24/05/2013	9.00
20 Aug 2012	Interim	GBX	3.00	31/12/2011	31/12/2012	26/09/2012	28/09/2012	23/11/2012	-
27 Feb 2012	Final	GBX	3.50	31/12/2010	31/12/2011	28/03/2012	30/03/2012	25/05/2012	5.00
30 Aug 2011	Interim	GBX	1.50	30/12/2010	30/06/2011	28/09/2011	30/09/2011	25/11/2011	-
08 Mar 2010	Final	GBX	-	31/12/2008	31/12/2009	-	-	-	-
09 Mar 2009	Final	GBX	-	31/12/2007	31/12/2008	-	-	-	5.00
26 Aug 2008	Interim	GBX	5.00	30/12/2007	30/06/2008	24/09/2008	26/09/2008	21/11/2008	-
26 Aug 2008	Interim	GBX	5.00	30/12/2007	30/06/2008	24/09/2008	26/09/2008	21/11/2008	5.00
16 Mar 2008	Final	GBX	17.50	31/12/2006	31/12/2007	26/03/2008	28/03/2008	23/05/2008	35.00
10 Sep 2007	Interim	GBX	17.50	30/12/2006	30/06/2007	26/09/2007	28/09/2007	23/11/2007	-
12 Mar 2007	Final	GBX	20.00	31/12/2005	31/12/2006	28/03/2007	30/03/2007	25/05/2007	30.00
11 Sep 2006	Interim	GBX	10.00	30/12/2005	30/06/2006	27/09/2006	29/09/2006	24/11/2006	-
13 Mar 2006	Final	GBX	16.70	31/12/2004	31/12/2005	29/03/2006	31/03/2006	26/05/2006	25.00
13 Sep 2005	Interim	GBX	8.30	30/12/2004	30/06/2005	28/09/2005	30/09/2005	25/11/2005	-
14 Mar 2005	Final	GBX	13.60	31/12/2003	31/12/2004	27/03/2005	29/03/2005	20/05/2005	20.00
06 Sep 2004	Interim	GBX	6.40	30/12/2003	30/06/2004	27/10/2004	29/10/2004	26/11/2004	-
08 Mar 2004	Final	GBX	11.10	31/12/2002	31/12/2003	21/04/2004	23/04/2004	21/05/2004	16.40
08 Sep 2003	Interim	GBX	5.30	30/12/2002	30/06/2003	22/10/2003	24/10/2003	21/11/2003	-
10 Mar 2003	Final	GBX	9.40	31/12/2001	31/12/2002	23/04/2003	25/04/2003	23/05/2003	14.00
09 Sep 2002	Interim	GBX	4.60	30/12/2001	30/06/2002	23/10/2002	25/10/2002	22/11/2002	-
11 Mar 2002	Final	GBX	8.50	31/12/2000	31/12/2001	24/04/2002	26/04/2002	24/05/2002	12.70
10 Sep 2001	Interim	GBX	4.20	30/12/2000	30/06/2001	24/10/2001	26/10/2001	23/11/2001	-
12 Mar 2001	Final	GBX	7.80	31/12/1999	31/12/2000	25/04/2001	27/04/2001	25/05/2001	11.70
11 Sep 2000	Interim	GBX	3.90	30/12/1999	30/06/2000	02/10/2000	06/10/2000	24/11/2000	-
13 Mar 2000	Final	GBX	7.20	31/12/1998	31/12/1999	17/04/2000	25/04/2000	26/05/2000	10.80
13 Sep 1999	Interim	GBX	3.60	30/12/1998	30/06/1999	04/10/1999	08/10/1999	26/11/1999	-
15 Mar 1999	Final	GBX	6.70	31/12/1997	31/12/1998	19/04/1999	23/04/1999	28/05/1999	10.00
17 Sep 1998	Interim	GBX	3.30	30/12/1997	30/06/1998	05/10/1998	09/10/1998	27/11/1998	-

Bovis Homes Fundamentals

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
turnover	946.50	100.00%	1,054.80	100.00%	1,028.22	100.00%	1,061.40	100.00%	m
pre tax profit	160.06	16.91%	154.71	14.67%	114.00	11.09%	168.07	15.83%	m
attributable profit	128.01	13.52%	120.85	11.46%	91.30	8.88%	136.57	12.87%	m
retained profit	78.77	8.32%	65.44	6.20%	30.87	3.00%	6.91	0.65%	m
eps - basic (p)	95.40		90.10		68.00		101.60
eps - diluted (p)	95.20		90.00		67.80		101.50
dividends per share	40.00		45.00		47.50		102.00

Bovis Homes Balance Sheet

	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)


	31 Dec 2015 (GBP)		31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)
ASSETS
fixed assets	13.98	0.92%	11.87	0.73%	2.60	0.16%	2.18	0.14%	m
intangibles	-	-%	-	-%	-	-%	1.08	0.07%	m
fixed investments	51.41	3.39%	36.59	2.24%	10.83	0.68%	30.37	1.92%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	1,318.52	87.00%	1,449.17	88.89%	1,321.95	83.44%	1,320.23	83.37%	m
debtors	98.17	6.48%	92.71	5.69%	77.52	4.89%	65.12	4.11%	m
cash & securities	33.44	2.21%	40.00	2.45%	171.48	10.82%	164.60	10.39%	m

TOTAL	1,515.52	100%	1,630.33	100%	1,584.38	100%	1,583.58	100%	m

LIABILITIES
creditors - short	385.13	25.41%	444.38	27.26%	408.12	25.76%	301.61	19.05%	m
creditors - long	172.63	11.39%	170.01	10.43%	119.68	7.55%	220.90	13.95%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	557.76	36.80%	614.40	37.69%	527.80	33.31%	522.51	33.00%	m

EQUITY
ord cap, reserves	957.76	63.20%	1,015.93	62.31%	1,056.58	66.69%	1,061.07	67.00%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	957.76	63.20%	1,015.93	62.31%	1,056.58	66.69%	1,061.07	67.00%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Bovis Homes Cash Flow Statement

	31 Dec 2015 (GBP)	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)
Operating CF	76.90	61.81	156.14	130.68	m
Pre-Financing CF	75.72	63.21	168.30	110.64	m
Retained CF	-20.27	6.56	131.51	-6.85	m

Bovis Homes Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Goldman Sachs International	Market Maker(MME)	Broker/Dealer	GSCO	GSILGB2X
Investec Bank Plc	Market Maker(MME)	Broker/Dealer	INV.	IHCSGB21002
HSBC Bank plc	Market Maker(MME)	Broker/Dealer	HSBC	JCAPGB2L
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC