FY22 was a robust year for Foxtons with revenue up 11%, but the short-term outlook is less certain for recessionary reasons. However, the outlook remains encouraging with the new CEO on the cusp of announcing a growth-oriented operational review. 65% of revenue is now generated from the resilient Lettings and Financial Services divisions, a proportion that is likely to increase over time. Our ‘base’ case valuation gives a value of 53p/share, but ignores the potential of M&A expansion in particul ....
07 Feb 2023
Foxtons Group - Growth-oriented review poised to be announced
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Foxtons Group - Growth-oriented review poised to be announced
Foxtons Group Plc (FOXT:LON) | 53.7 0 0.0% | Mkt Cap: 161.8m
- Published:
07 Feb 2023 -
Author:
Andy Murphy -
Pages:
5
FY22 was a robust year for Foxtons with revenue up 11%, but the short-term outlook is less certain for recessionary reasons. However, the outlook remains encouraging with the new CEO on the cusp of announcing a growth-oriented operational review. 65% of revenue is now generated from the resilient Lettings and Financial Services divisions, a proportion that is likely to increase over time. Our ‘base’ case valuation gives a value of 53p/share, but ignores the potential of M&A expansion in particul ....