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Highlights
- Brickability Group PLC (LSE:BRCK) is one of the prominent players in the construction materials distribution space.
- The company has been focusing on its strategic decision to diversify and expand product portfolio and end-use markets.
- In FY23, the company posted 30% year-on-year growth in its revenue.
FTSE AIM 100 index listed Brickability Group PLC (LSE:BRCK) is one of the prominent players in the construction materials distribution space.
Following its strategic decision to diversify and expand product portfolio and end-use markets, the firm has been focusing on scaling up its business and expand the client base on the back of three acquisition deals completed during FY23. The firm is planning for expansion of its Distribution division, using the recently purchased property to allow opening of new branches for its U Plastics business as well as a warehouse for HBS NE.
Notably, the firm has integrated Modular Clay Products acquired in May 2022 as well as E.T. Clay and Heritage Clay Tile acquired in September 2022. The two properties have made significant contributions in FY23.
During the fiscal year 2023, the company posted a year-on-year growth of about 30% in its revenue. Its earnings per share witnessed a YoY growth of about 110.5%. On the profitability front, BRCK's gross profit grew to £112.9 million during the reporting period, marking a 30% year-on-year surge.
For FY23, the company has registered 5.3% year-on-year growth in total dividend paid. It has announced to pay a final dividend of 2.15 pence per share on 21 September 2023, with an ex-dividend date of 24 August 2023.
Top ten shareholders
Around 66.43% of the total shareholdings of the firm are held by its top ten shareholders. While Octopus Investments Limited owns the maximum number of shares with around 18.04% shareholding, Liontrust Investment Partners LLP holds 10.54% stake.
Stock Price Performance
The company’s stock has declined by approximately 12.15% in the last one month. Its price has declined by nearly 29.32% over the last six months. The stock’s 52-week low and 52-week high price stand at GBX 47.00 and GBX 84.00, respectively.
Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 11 September 2023. The reference data in this report has been partly sourced from EODHD/Others.