Brickability has had a positive if inauspicious start to life on the quoted market; standing 9% above the issue price but distinctly lagging its Brick peers over the same period (average +40%) and its wider Materials & Merchants peers (+29%). However, post-trading update and Election, Brickability has more than held its own. As a consequence, the relative rating offers outstanding value for investors. On a 2020E basis Brickability sells on a c30% discount to the peer average EV/EBITDA and even c ....
16 Jan 2020
Cenkos: Brickability Group Plc -- Value gap opportunity
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Cenkos: Brickability Group Plc -- Value gap opportunity
Brickability Group PLC (BRCK:LON) | 67.0 -0.4 (-0.9%) | Mkt Cap: 214.1m
- Published:
16 Jan 2020 -
Author:
Cavendish Research -
Pages:
9
Brickability has had a positive if inauspicious start to life on the quoted market; standing 9% above the issue price but distinctly lagging its Brick peers over the same period (average +40%) and its wider Materials & Merchants peers (+29%). However, post-trading update and Election, Brickability has more than held its own. As a consequence, the relative rating offers outstanding value for investors. On a 2020E basis Brickability sells on a c30% discount to the peer average EV/EBITDA and even c ....