GFRD galiford Try, looks like an ideal time to climb aboard. the disparity index looks fantastic on this one.
Fundys to back it up with aswel..........
Forward P/E of just over 9 going into 2012 looks too cheap imo.
Galliford Try PLC
FORECASTS 2011 2012
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Panmure Gordon
14-07-11 BUY 36.20 31.60 16.00 60.00 53.00 20.00
The Royal Bank of Scotland NV
14-07-11 BUY 35.23 30.73 16.00 60.04 52.96 22.00
Peel Hunt
13-07-11 BUY 34.75 30.16 16.00 60.01 53.56 22.00
Arbuthnot Securities
05-07-11 BUY 36.00 31.70 16.00 60.00 52.60 22.00
Numis Securities Ltd
05-05-11 BUY 36.00 31.10 16.00 58.00 51.00 22.00
2011 2012
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Consensus 35.63 31.08 16.00 59.72 52.73 21.55
1 Month Change 0.03 0.05 0.00 0.07 0.02 0.39
3 Month Change 5.06 3.79 2.18 0.45 -0.25 4.42
GROWTH
2010 (A) 2011 (E) 2012 (E)
Norm. EPS -67.64% 67.93% 69.69%
DPS -40.95% 46.79% 34.68%
INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)
EBITDA 30.60m 40.72m 70.59m
EBIT 27.30m m m
Dividend Yield 2.21% 3.25% 4.38%
Dividend Cover 1.70x 1.94x 2.45x
PER 26.62x 15.85x 9.34x
PEG -0.39f 0.23f 0.13f
Net Asset Value PS 368.12p 590.17p 617.82p