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Henry Boot PLC (GB:BOOT)
LSE:BOOT

Henry Boot (BOOT) AI Stock Analysis

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GB

Henry Boot

(LSE:BOOT)

Rating:70Outperform
Price Target:
239.00p
▲(10.65%Upside)
Henry Boot's overall stock score is bolstered by a strong balance sheet and positive corporate events, which demonstrate effective strategic execution. While financial performance shows some revenue and cash flow challenges, the company's valuation and technical indicators provide a stable outlook.

Henry Boot (BOOT) vs. iShares MSCI United Kingdom ETF (EWC)

Henry Boot Business Overview & Revenue Model

Company DescriptionHenry Boot PLC is a UK-based property development and construction company. Founded in 1886, the company operates across three core segments: property investment and development, land development, and construction. It engages in acquiring, developing, and selling properties and land, as well as providing construction services to a wide range of clients. The company is known for its strategic land promotion, commercial development projects, and building contracting services, mainly within the United Kingdom.
How the Company Makes MoneyHenry Boot PLC generates revenue primarily through its three core business segments: property investment and development, land development, and construction. In property investment and development, the company earns income by developing commercial and residential properties, which are then sold or leased to generate returns. The land development segment involves acquiring strategic land sites, obtaining planning permissions, and selling the enhanced land value to developers, thus realizing profits. The construction segment contributes to revenue through contracting services, where the company undertakes various building and infrastructure projects for clients. Key revenue streams include property sales, rental income, land sales, and construction service fees. Strategic partnerships and collaborations with local authorities, private developers, and other stakeholders also play a significant role in supporting the company's earnings.

Henry Boot Financial Statement Overview

Summary
Henry Boot demonstrates a solid balance sheet with effective equity utilization and manageable leverage, contributing to its financial stability. However, challenges in revenue and profit growth pose potential risks to future earnings. Cash flow improvements are evident, but historical volatility requires attention.
Income Statement
65
Positive
Henry Boot's income statement reveals a mixed financial performance. The gross profit margin has slightly decreased from the previous period, indicating some pressure on cost management. Meanwhile, the net profit margin also saw a decline, reflecting lower profitability. Revenue growth rate is negative, suggesting challenges in generating sales compared to the previous year. Despite these declines, EBIT and EBITDA margins remain relatively stable, showing operational efficiency. Overall, the company faces some revenue and profit pressures but maintains decent operational margins.
Balance Sheet
70
Positive
The balance sheet of Henry Boot shows a robust equity position with a favorable debt-to-equity ratio, indicating prudent financial leverage. The return on equity remains solid, suggesting effective use of shareholders' funds. The equity ratio is healthy, underscoring stability in asset financing through equity. Overall, the balance sheet reflects a strong financial foundation with manageable debt levels and effective equity utilization.
Cash Flow
55
Neutral
The cash flow statement presents a mixed picture. There is a significant improvement in free cash flow compared to the previous year, which is positive for liquidity. However, the operating cash flow to net income ratio indicates inconsistencies in cash generation relative to earnings. The free cash flow to net income ratio highlights improvement, yet historical volatility suggests potential risks. Overall, while there are promising signs of improved cash management, past fluctuations indicate areas for cautious monitoring.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
328.38M359.40M341.42M230.60M222.41M
Gross Profit
74.54M76.77M81.59M55.55M40.44M
EBIT
34.22M40.20M40.08M16.01M7.67M
EBITDA
44.78M48.88M43.87M31.80M21.25M
Net Income Common Stockholders
23.33M26.30M33.32M28.16M11.92M
Balance SheetCash, Cash Equivalents and Short-Term Investments
16.76M13.03M17.40M11.12M42.13M
Total Assets
623.64M594.40M578.30M508.89M454.62M
Total Debt
79.45M90.79M66.03M51.66M15.13M
Net Debt
62.68M77.76M48.63M40.54M-27.00M
Total Liabilities
198.49M184.28M184.02M153.61M141.13M
Stockholders Equity
422.25M405.40M388.32M349.84M309.80M
Cash FlowFree Cash Flow
24.08M-15.49M-15.30M-43.70M14.16M
Operating Cash Flow
25.57M-3.40M-8.87M-36.68M17.57M
Investing Cash Flow
2.00M-9.90M12.13M-24.97M-10.51M
Financing Cash Flow
-23.84M8.94M3.03M30.64M-7.24M

Henry Boot Technical Analysis

Technical Analysis Sentiment
Positive
Last Price216.00
Price Trends
50DMA
215.13
Positive
100DMA
207.70
Positive
200DMA
214.09
Positive
Market Momentum
MACD
0.15
Positive
RSI
48.75
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BOOT, the sentiment is Positive. The current price of 216 is below the 20-day moving average (MA) of 216.60, above the 50-day MA of 215.13, and above the 200-day MA of 214.09, indicating a neutral trend. The MACD of 0.15 indicates Positive momentum. The RSI at 48.75 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BOOT.

Henry Boot Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBLSL
74
Outperform
£307.39M17.7922.40%3.62%20.46%
71
Outperform
£353.82M31.3011.02%2.16%146.76%-24.48%
70
Outperform
£288.92M12.395.64%4.28%-8.63%-11.48%
68
Neutral
£261.19M86.131.05%6.72%
GBCLI
66
Neutral
£260.70M-10.93%8.17%2.15%62.54%
61
Neutral
$2.84B10.850.42%9.90%5.94%-21.26%
48
Neutral
£268.17M9.606.76%1.37%-21.11%47.28%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:BOOT
Henry Boot
216.00
13.30
6.56%
GB:TPFG
The Property Franchise
550.00
122.56
28.67%
GB:LSL
LSL Property Services
300.00
-11.28
-3.62%
GB:SREI
Schroder Real Estate ate ate Investment
54.00
11.89
28.24%
GB:CLI
CLS Holdings
66.10
-20.67
-23.82%
GB:HLCL
Helical
222.50
-11.96
-5.10%

Henry Boot Corporate Events

M&A TransactionsBusiness Operations and Strategy
Henry Boot Completes £9.5m Sale of Logistics Site TWO45
Positive
Jun 9, 2025

Henry Boot’s property investment and development arm, HBD, has completed the £9.5 million sale of the TWO45 logistics site in Lancashire to a European real estate developer. This transaction marks the successful execution of their business plan, achieving a 25% annual internal rate of return. The site, acquired in 2021, saw significant rental income growth and secured planning consent for a larger, environmentally sustainable industrial unit, enhancing the company’s market positioning in the industrial and logistics sector.

Executive/Board ChangesBusiness Operations and Strategy
Henry Boot Announces Leadership Change at Hallam Land
Neutral
Jun 5, 2025

Henry Boot announced that Nick Duckworth will step down as Managing Director of Hallam Land, its land promotion business, at the end of the year. Duckworth, who has been with the company since 1992 and became Managing Director in 2016, has significantly contributed to the growth of Hallam Land, expanding its land bank to over 100,000 residential plots. His departure marks a transition period for the company, as it seeks a successor to continue its strategic focus on accelerating projects and planning applications to meet housing demands.

Regulatory Filings and Compliance
Henry Boot PLC Updates Shareholders on Voting Rights
Neutral
Jun 2, 2025

Henry Boot PLC has announced that the total number of ordinary shares in issue is now 134,026,296, which also represents the total number of voting rights in the company. This update is significant for shareholders as it provides the denominator for calculating their interest in the company, in compliance with the FCA’s Disclosure and Transparency Rules.

Shareholder MeetingsDividendsFinancial Disclosures
Henry Boot PLC Successfully Passes All Resolutions at AGM
Positive
May 22, 2025

Henry Boot PLC, a company involved in various sectors, held its Annual General Meeting (AGM) on May 22, 2025, where all proposed resolutions were passed. The resolutions included the approval of financial statements, the declaration of a final dividend, the reappointment of directors and auditors, and the authorization of share allotments and market purchases. These decisions reflect the company’s stable governance and strategic planning, potentially reinforcing investor confidence and supporting its market position.

Business Operations and StrategyFinancial Disclosures
Henry Boot Reports Strong Start to 2025 Amid Robust Demand
Positive
May 22, 2025

Henry Boot PLC has reported a promising start to the year, with strong demand for its prime residential land and industrial and logistics spaces. The company has completed or exchanged a significant number of plots, reflecting stability in the residential land market and benefiting from recent changes in the National Planning Policy Framework. Despite global economic uncertainties, Henry Boot remains on track to meet its targets, supported by a robust balance sheet and favorable market conditions. The company is progressing with key transactions and developments, including a major innovation and technology project in Cheltenham, and is well-positioned to achieve its strategic objectives.

Regulatory Filings and Compliance
Henry Boot PLC Announces Total Voting Rights Update
Neutral
May 1, 2025

Henry Boot PLC, a company listed on the stock exchange, has announced that the total number of ordinary shares in issue is 134,023,138, which also represents the total number of voting rights. This information is crucial for shareholders as it serves as the denominator for calculating their interest in the company according to the FCA’s Disclosure and Transparency Rules.

Executive/Board ChangesBusiness Operations and Strategy
Henry Boot Executives Acquire Shares Under Annual Bonus Plan
Positive
Apr 29, 2025

Henry Boot PLC has announced transactions involving its CEO, Timothy Andrew Roberts, and CFO, Darren Louis Littlewood, who have both purchased ordinary shares as part of their 2024 Annual Bonus awards. These transactions, conducted on the London Stock Exchange, signify the executives’ continued confidence in the company’s growth and stability, potentially impacting stakeholder perceptions positively.

Executive/Board ChangesBusiness Operations and Strategy
Henry Boot PLC Grants LTIP Options to Executive Directors
Neutral
Apr 24, 2025

Henry Boot PLC, a company listed on the London Stock Exchange, has announced the grant of nil-cost options over ordinary shares to its Executive Directors and Persons Discharging Managerial Responsibilities (PDMRs) under its Long Term Incentive Plan 2015. These options, which align with the Directors’ Remuneration Policy approved at the 2024 Annual General Meeting, are set to vest in April 2028 and are contingent upon meeting performance criteria related to the company’s earnings per share, return on average capital employed, total shareholder return, greenhouse gas emissions reduction, and improvements in senior management gender balance.

Shareholder MeetingsFinancial DisclosuresRegulatory Filings and Compliance
Henry Boot PLC Releases 2024 Annual Report and AGM Notice
Neutral
Apr 17, 2025

Henry Boot PLC has released its 2024 Annual Report and Financial Statements, along with the Notice of its upcoming Annual General Meeting (AGM) scheduled for 22 May 2025. The documents are available on the company’s website and will be mailed to shareholders who prefer paper copies. This announcement ensures transparency and compliance with financial reporting obligations, reinforcing the company’s commitment to shareholder engagement and regulatory adherence.

Business Operations and Strategy
Henry Boot Secures Planning Consent and Land Sale in Nottinghamshire
Positive
Apr 10, 2025

Henry Boot’s land promotion and planning business, Hallam Land, has secured outline planning permission for 300 homes in Nottinghamshire and has agreed to sell the land to Harron Homes, with the transaction expected to complete in 2026. This achievement highlights the company’s strategic positioning in the UK’s evolving planning system, with Hallam planning to submit 10,000 plots in the next year to meet housing demands and generate shareholder returns.

Regulatory Filings and Compliance
Henry Boot PLC Director Sells Significant Shareholding
Neutral
Apr 1, 2025

Henry Boot PLC announced that Jonathan James Sykes, a Non-executive Director, sold 240,000 non-beneficial Ordinary Shares at 205 pence each, totaling £492,000. This transaction affects Sykes’s total shareholding, which now stands at 20,162,155 Ordinary Shares and 6,843 Preference Shares. The sale was conducted on the London Stock Exchange and is part of regulatory disclosures under the EU Market Abuse Regulation, reflecting the company’s transparency in financial dealings.

Regulatory Filings and Compliance
Henry Boot PLC Updates Total Voting Rights and Shares
Neutral
Apr 1, 2025

Henry Boot PLC has announced that the total number of ordinary shares in issue is now 134,017,549, with an equal number of voting rights. This update is significant for shareholders as it affects the calculations needed to notify changes in their interests under the FCA’s Disclosure and Transparency Rules.

DividendsBusiness Operations and StrategyFinancial Disclosures
Henry Boot PLC Reports Resilient 2024 Performance and Strategic Growth Initiatives
Positive
Mar 25, 2025

Henry Boot PLC reported resilient performance for 2024, with a strong second half leading to results in line with expectations. The company completed nearly £350 million in land and property sales, with a significant increase in land promotion activities and a 5% dividend rise. Strategic moves included increasing ownership of Stonebridge Homes and forming the Origin JV to boost industrial development. Despite a slight revenue dip due to construction turnover, the company maintained a solid balance sheet and is well-positioned for market recovery and future growth.

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.