Howden Joinery Group (WKN: 884600)
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Eröffnet am: | 17.01.17 15:07 | von: Juglans | Anzahl Beiträge: | 3 |
Neuester Beitrag: | 24.04.21 22:55 | von: Katjamzqca | Leser gesamt: | 8.045 |
Forum: | Hot-Stocks | Leser heute: | 2 | |
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Is this a once-in-a-lifetime opportunity to buy these bargain basement stocks?
Half year results for kitchen manufacturer Howdens Joinery (LSE: HWDN) released in July saw year-on-year revenue rise 9.5% and pre-tax profits jump a whopping 26%. Positive forward guidance from management also set the basis for a fifth straight year of earnings and dividend growth. Surely this means shares are rocketing.
But, with fears mounting over the health of the housing market shares are instead down a full 31% since January. This means shares now trade at a positively bargain-basement forward price/earnings ratio of 12.7 with the added bonus of a healthy 2.9% yielding dividend. This is the cheapest shares have been since 2012, so is it a great time for investors to begin or enlarge an existing position?
Considerable room for growth
I think it may. One large reason is that Howdens is far and away the market leader in supplying kitchens for new homes. The company has no retail outlets and instead works solely with builders from 629 depots across the UK. And while the housing market may have shown some signs of slowing since the EU Referendum, demand for new homes still far exceeds supply. This is clear in the Exchequer's promise in his Autumn Statement to continue supporting home buying through tax breaks and a promised £3.7bn for new home construction. This will undoubtedly be a huge boon to Howdens in the coming years.
And, even without government support, Howdens still sees considerable room for growth in the UK. The company believes it has space to bring total depots to 800 in the coming years. Combined with expansion into France and surrounding Western European countries, there is significant growth potential for Howdens.
With net cash of £182m at the end of June, solid growth prospects and high margins, Howdens is looking like a steal to me at 12 times forward earnings.
Basics zum Unternehmen:
http://www.howdenjoinerygroupplc.com/investors/...factsheet/index.asp
Wachstumswert; eKGV17~10
Frankfurt, 02. Mai (Reuters) - Ein Umsatzanstieg ermuntert Anleger zum Einstieg bei Howden Joinery. Die Aktien des britischen Küchen-Herstellers, der seine Produkte auch in Deutschland anbietet, stiegen am Mittwoch um bis zu 5,9 Prozent und waren mit 508,2 Pence so teuer wie zuletzt vor dem Brexit-Votum im Juni 2016.
In den drei Monaten zu Ende April stiegen die Erlöse den Angaben zufolge um fast 15 Prozent. Einen absoluten Betrag nannte Howden Joinery nicht. Das Wachstum werde vom Ausbau der Marktanteile getrieben, betonten die Analysten der Investmentbank Liberum. Sie bekräftigten ihre Kaufempfehlung für Howden-Titel. (Reporter: Hakan Ersen, unter Mitarbeit von Rahul B. Bei Rückfragen wenden Sie sich bitte an die Redaktionsleitung unter den Telefonnummern 069 - 7565 1236 oder 030 - 2888 5168.)
https://de.reuters.com/article/mrkte-howden-joinery-idDEL8N1S92Z7