Henry Boot (LON:BOOT) Announces Earnings Results

Henry Boot (LON:BOOT) posted its earnings results on Tuesday. The company reported GBX 15.90 earnings per share for the quarter, Digital Look Earnings reports. Henry Boot had a return on equity of 6.25% and a net margin of 7.47%.

Here are the key takeaways from Henry Boot’s conference call:

• Hallam Land delivered a standout year with a record 3,957 plots sold, average gross profit ~£11k–£11.4k per plot, stronger planning outcomes (c.11,000 plots submitted and ~4,200 consents) and a large landbank of ~106k plots that management values as >£1bn gross profit potential over time.
• Stonebridge materially underperformed in 2025 (185 completions vs 240–250 budget), drove an operating loss due to planning delays, build cost overruns and slow outlets; management has replaced senior staff and implemented a reset aiming for a small profit and 200–220 completions in 2026.
• The Origin industrial JV and wider development pipeline are scaling well—>700k sq ft completed/committed with lettings ahead of plan, and near-term marquee projects (Golden Valley, Freeport 36, Duxford AvTech) supporting an expected rise in committed developments to ~£150m (group share).
• Balance sheet remains conservative with NAV ~312p per share and all land held at cost, but net debt rose to £108m with gearing ~20% (slightly above target); management expects H2-weighted disposals to reduce gearing and held the final dividend flat.
• Group efficiency measures (Future Ways of Working) reduced central headcount by 23% and cut central overheads by ~20% in 2025, and management will refresh medium‑term capital‑employed and return targets in 2026 following a borrowing reclassification.

Henry Boot Trading Up 0.4%

LON:BOOT opened at GBX 174.73 on Tuesday. The stock has a market capitalization of £234.44 million, a price-to-earnings ratio of 9.24, a PEG ratio of -11.97 and a beta of 0.32. Henry Boot has a 52 week low of GBX 170 and a 52 week high of GBX 249.50. The company has a quick ratio of 0.84, a current ratio of 2.29 and a debt-to-equity ratio of 23.83. The firm has a 50 day moving average of GBX 195.90 and a 200 day moving average of GBX 212.19.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price objective on Henry Boot from GBX 337 to GBX 326 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 295.

Henry Boot Company Profile

Henry Boot is one of the UK’s leading land, property development, home building and construction businesses – and we’ve been transforming land and spaces since 1886. Listed on the London Stock Exchange since 1919, we’re renowned for quality, expertise, delivery and a partnership approach across the group – which comprises, Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant and Road Link.

Operating across the UK, and employing over 500 people, we focus on three key markets: urban development, industrial and logistics and residential.