Henry Boot PLC (GB:BOOT)
LSE:BOOT
Want to see GB:BOOT full AI Analyst Report?
Top Page
Henry Boot
(LSE:BOOT)
Select Model
Select Model
Rating:54Neutral
Price Target:
194.00 p
▼(-12.61% Downside)
Action:Reiterated
Date:03/26/26
The score is held back primarily by weak cash flow in 2025 (negative operating and free cash flow) and bearish technicals (price below all key moving averages with negative MACD). These risks are partly offset by a very conservative balance sheet and a reasonable valuation with a supportive dividend yield.
Positive Factors
Conservative balance sheet / very low leverage
Extremely low leverage and substantial equity give Henry Boot durable financial flexibility to fund development pipelines, absorb timing mismatches in project cash flows and withstand market cycles. This conservatism reduces refinancing risk, supports dividend capacity and preserves optionality over the next several months.
Negative Factors
Negative operating and free cash flow in 2025
Material cash outflows in 2025 highlight uneven cash conversion typical of property cycles but pose a structural risk: negative OCF and FCF constrain the group's ability to self-fund development, raise liquidity pressure, limit discretionary spend and increase reliance on asset disposals or external financing over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
Extremely low leverage and substantial equity give Henry Boot durable financial flexibility to fund development pipelines, absorb timing mismatches in project cash flows and withstand market cycles. This conservatism reduces refinancing risk, supports dividend capacity and preserves optionality over the next several months.
Read all positive factors
Henry Boot (BOOT) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£217.48M
Dividend Yield3.01%
Average Volume (3M)120.33K
Price to Earnings (P/E)5.0
Beta (1Y)0.30
Revenue Growth-23.40%
EPS Growth-7.92%
CountryUK
Employees531
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)0.16
Shares Outstanding134,511,830
10 Day Avg. Volume86,200
30 Day Avg. Volume120,335
Financial Highlights & Ratios
PEG Ratio-2.38
Price to Book (P/B)0.71
Price to Sales (P/S)1.20
P/FCF Ratio-10.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£222.50Price Target Upside0.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.11
Revenue Forecast (FY)£252.64M
Henry Boot Business Overview & Revenue Model
Company Description
Henry Boot PLC engages in property investment and development, land promotion, and construction activities in the United Kingdom. The company operates through three segments: Property Investment and Development, Land Promotion, and Construction. I...
How the Company Makes Money
Henry Boot makes money primarily through a mix of property-related activities and construction services. A key earnings driver is property development: the group acquires or controls sites, secures planning and advances projects, then generates re...
Henry Boot Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 251.55M | 328.38M | 359.40M | 341.42M | 230.60M |
| Gross Profit | 65.81M | 74.54M | 76.77M | 81.59M | 55.55M |
| EBITDA | 25.53M | 44.78M | 48.88M | 43.87M | 31.80M |
| Net Income | 21.52M | 23.33M | 26.30M | 33.32M | 28.16M |
Balance Sheet | |||||
| Total Assets | 654.37M | 623.64M | 594.40M | 578.30M | 508.89M |
| Cash, Cash Equivalents and Short-Term Investments | 8.40M | 16.76M | 13.03M | 17.40M | 11.12M |
| Total Debt | 116.42M | 79.45M | 90.79M | 66.03M | 51.66M |
| Total Liabilities | 234.23M | 198.49M | 184.28M | 184.02M | 153.61M |
| Stockholders Equity | 422.67M | 422.25M | 405.40M | 388.32M | 349.84M |
Cash Flow | |||||
| Free Cash Flow | -30.15M | 24.08M | -15.49M | -15.30M | -43.70M |
| Operating Cash Flow | -28.77M | 25.57M | -3.40M | -8.87M | -36.68M |
| Investing Cash Flow | 5.38M | 2.00M | -9.90M | 24.55M | -24.97M |
| Financing Cash Flow | 15.02M | -23.84M | 8.94M | 3.03M | 30.64M |
Henry Boot Technical Analysis
Neutral
222.00
Price Trends
171.08
Negative
184.39
Negative
199.66
Negative
Market Momentum
-3.67
Negative
51.10
Neutral
48.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BOOT, the sentiment is Neutral. The current price of 222 is above the 20-day moving average (MA) of 163.74, above the 50-day MA of 171.08, and above the 200-day MA of 199.66, indicating a neutral trend. The MACD of -3.67 indicates Negative momentum. The RSI at 51.10 is Neutral, neither overbought nor oversold. The STOCH value of 48.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:BOOT.
Henry Boot Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | £32.90M | 54.66 | 4.33% | 7.14% | -41.22% | ― | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
54 Neutral | £217.48M | 4.99 | 5.16% | 3.01% | -23.40% | -7.92% | |
51 Neutral | £232.21M | 35.14 | 5.91% | 2.71% | 4.03% | -79.67% | |
47 Neutral | £190.36M | -4.76 | -6.67% | 6.64% | -8.03% | 46.33% | |
47 Neutral | £409.75M | -614.87 | 1.36% | 1.01% | -29.69% | -83.49% | |
46 Neutral | £49.67M | -9.68 | -4.75% | 3.94% | 4.77% | -1540.79% |
* Real Estate Sector Average
GB:BOOT
Henry Boot
167.00
-40.99
-19.71%
GB:CLI
CLS Holdings
48.05
-9.71
-16.81%
GB:HWG
Harworth
125.20
-46.26
-26.98%
GB:HLCL
Helical
193.60
-33.19
-14.63%
GB:PCA
Palace Capital
168.50
-39.63
-19.04%
GB:TOWN
Town Centre Securities
112.00
-21.01
-15.80%
Henry Boot Corporate Events
Regulatory Filings and Compliance
Henry Boot Updates Share Capital After Incentive Scheme Issuances
Neutral
Apr 1, 2026
Henry Boot PLC has issued and allotted a total of 452,579 new ordinary shares under its 2020 Sharesave Plan and 2020 Company Share Option Plan between mid-September 2025 and the end of March 2026. These shares have been admitted to trading on the ...
Business Operations and StrategyDividendsFinancial Disclosures
Henry Boot posts resilient 2025 results on record land sales and strategic reshaping
Positive
Mar 24, 2026
Henry Boot reported a resilient 2025 performance despite economic uncertainty, with total land and property sales rising to £356m and strong demand from housebuilders for its residential sites. Revenue dipped slightly to £307.0m and prof...
Business Operations and StrategyM&A Transactions
Henry Boot Sells Warminster Retail Asset for £8.6m to Recycle Capital
Positive
Mar 5, 2026
Henry Boot’s development arm HBD focuses on a £1.3 billion pipeline of residential, industrial and logistics, and urban schemes, supported by an investment portfolio with improving environmental credentials and complementary operations ...
Regulatory Filings and Compliance
Henry Boot Updates Market on Total Voting Rights
Neutral
Mar 2, 2026
Henry Boot PLC has confirmed that its total number of ordinary shares in issue now stands at 134,459,463, with an identical total of 134,459,463 voting rights attached to those shares. This updated capital and voting rights figure serves as the re...
Business Operations and Strategy
Henry Boot Wins Consent for 1,000-Home Scheme in Ashford
Positive
Feb 12, 2026
Henry Boot’s Hallam Land business has secured outline planning consent on appeal for 1,000 homes in Ashford, Kent, a scheme that also includes affordable housing, self-build plots, a local centre, a primary school, flexible office space and ...
Regulatory Filings and Compliance
Henry Boot Confirms Total Shares and Voting Rights in Issue
Neutral
Feb 2, 2026
Henry Boot PLC has confirmed that it has 134,446,188 ordinary shares in issue, which corresponds to an identical number of voting rights. This updated share capital and voting rights figure provides the reference denominator for shareholders to as...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Henry Boot Posts Resilient 2025 but Warns on 2026 Profits Amid Subdued Markets
Negative
Jan 29, 2026
Henry Boot reported a resilient trading performance for 2025 despite subdued UK property markets and macroeconomic uncertainty, with strong demand for its high-quality residential land and profits expected to be broadly in line with market consens...
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.