- Vistry Group anticipates its adjusted pretax profit for the financial year to be around GBP 350 million, compared to a previous estimate of GBP 434.4 million.
- The company expects to complete over 18,000 homes, aligning with an estimate of 18,053 homes.
- Issues affecting financial projections are restricted to the South Division, where management changes are being enacted.
- The South Division underestimated the full-life cost projections for 9 out of 46 developments by approximately 10%.
- The adjustment for revised development cost assumptions is expected to reduce profit before tax by around GBP 80 million in FY24, GBP 30 million in FY25, and GBP 5 million in FY26.
- Despite the financial adjustments, the group remains committed to its GBP 130 million share buyback program.
- Market analysis indicates 9 buy recommendations, 5 hold recommendations, and 2 sell recommendations for Vistry Group.
“`
A look at Vistry Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Vistry Group‘s long-term outlook appears overall positive. The company scores well in several key factors including Momentum, Value, Growth, and Resilience, indicating a strong position in the market. With a solid momentum score of 4, Vistry Group shows promising potential for future growth and performance.
Furthermore, Vistry Group‘s resilience score of 3 suggests a stable foundation to weather economic downturns, while its value and growth scores of 3 demonstrate a good balance between the company’s current worth and its potential for expansion. However, the company’s dividend score of 1 indicates a lower performance in terms of delivering dividends to its investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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