{"id":2453182,"date":"2022-12-08T15:38:48","date_gmt":"2022-12-08T20:38:48","guid":{"rendered":"https:\/\/www.valuewalk.com\/?p=2453182"},"modified":"2022-12-08T15:38:48","modified_gmt":"2022-12-08T20:38:48","slug":"balfour-beatty-revenue-and-profit-expected-higher-buybacks-to-continue-into-2023","status":"publish","type":"post","link":"https:\/\/www.valuewalk.com\/balfour-beatty-revenue-and-profit-expected-higher-buybacks-to-continue-into-2023\/","title":{"rendered":"Balfour Beatty \u2013 Revenue And Profit Expected Higher, Buybacks To Continue Into 2023"},"content":{"rendered":"<p><a href=\"https:\/\/www.valuewalk.com\/ftse-350-look-ahead-phoenix-bhp-balfour-persimmon-and-more\/\">Balfour Beatty<\/a> plc (LON:BBY)\u2019s full year revenue is expected to be around 5% ahead of last year, which came in at \u00a38.3bn. That was largely driven by positive changes in exchange rates.<\/p>\n<p>The year-end order book is also expected to be around 5% ahead of the prior year\u2019s figure of \u00a316.1bn. Again, that increase is largely driven by changes in exchange rates.<\/p>\n\n\t<!-- Begin Mailigen Signup Form -->\n\t<script type=\"text\/javascript\">\n\t\tif (typeof jQuery == 'undefined') {\n\t\t\tdocument.write('<scr' + 'ipt type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/jquery.js\"><\/scr' + 'ipt>');\n\t\t}\n\t<\/script>\n\t<script language=\"javascript\" type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/scripts.js\"><\/script>\n\t<script language=\"javascript\" type=\"text\/javascript\" src=\"https:\/\/list.mailigen.com\/js\/subscribe2.js\"><\/script>\n\t<div id=\"MG-placeholder\">\n\t<style>.first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important}\n\n\tform.ebook-styles .error,\n\tform.ebook-styles #error {\n\t\tcolor:#d00;\n\t}\n\tform.ebook-styles .formfields h1,\n\tform.ebook-styles .formfields #mg-logo,\n\tform.ebook-styles .formfields #mg-footer {\n\t\tdisplay: none;\n\t}\n\tform.ebook-styles .formfields {\n\t\tfont-size: 12px;\n\t}\n\tform.ebook-styles .formfields p {\n\t\tmargin: 4px 0;\n\t}\n\t<\/style>\n<div style=\"background:#eee;display:block;overflow:hidden;margin-bottom:24px;padding:40px;\">\n<div class=\"two-thirds first\">\n<p style=\"font-size:22px;margin:0 0 10px;\">Get The Full Series in PDF<\/p>\n\t<p style=\"line-height:1.4;margin-bottom:0;\">Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.<\/p>\n\t<form action=\"https:\/\/valuewalk.us4.list-manage.com\/subscribe\/post?u=c3eb7a1d092fc854772c834e0&amp;id=f6f5bdb8b5\" method=\"post\" id=\"mc-embedded-subscribe-form\" name=\"mc-embedded-subscribe-form\" class=\"validate\" target=\"_blank\" novalidate>\n <div id=\"mc_embed_signup_scroll\">\n \n\t\t\t\t<div class=\"af-element mc-field-group \">\n\t\t\t\t\t<div class=\"af-textWrap c1\"><input type=\"email\" value=\"\" placeholder='Email Address' name=\"EMAIL\" class=\"required af-element email\" id=\"mce-EMAIL\"><\/div>\n\t\t\t\t\t<div class=\"af-clear\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"af-element buttonContainer\">\n\t\t\t\t\t<input type=\"submit\" value=\"Subscribe\" name=\"subscribe\" id=\"mc-embedded-subscribe\" class=\"button\">\n\t\t\t\t<\/div>\n \n \n\t<div id=\"mce-responses\" class=\"clear\">\n\t\t<div class=\"response\" id=\"mce-error-response\" style=\"display:none\"><\/div>\n\t\t<div class=\"response\" id=\"mce-success-response\" style=\"display:none\"><\/div>\n\t<\/div>    <!-- real people should not fill this in and expect good things - do not remove this or risk form bot signups-->\n    <div style=\"position: absolute; left: -5000px;\" aria-hidden=\"true\"><input type=\"text\" name=\"b_c3eb7a1d092fc854772c834e0_f6f5bdb8b5\" tabindex=\"-1\" value=\"\"><\/div>\n    \n    <\/div>\n\t<\/form>\n\t<script type='text\/javascript' src='\/\/s3.amazonaws.com\/downloads.mailchimp.com\/js\/mc-validate.js'><\/script><script type='text\/javascript'>(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true);<\/script>\n<\/div>\n<div class=\"one-third\">\n<img decoding=\"async\" src=\"https:\/\/www.valuewalk.com\/wp-content\/uploads\/2017\/06\/Warren-Buffet-Charlie-Munger-ValueWalk-compound-interest.jpg\" alt=\"Charlie Munger eBook\" style=\"width:100%; height:auto\">\n<\/div><\/div><\/div><!-- End Mailigen Signup Form -->\n<p style=\"text-align: center;\"><a href=\"https:\/\/valuewalkpremium.com\/q3-2022-hedge-fund-letters-database-maverick-south-point-coatue-exoduspoint-greenlight-third-point-carlson-and-much-more-updated-103\/\" target=\"_blank\"><em><strong>Q3 2022 hedge fund letters, conferences and more<\/strong><\/em><\/a><\/p>\n<div class=\"ca-widget\" data-token=\"db374bac7cf4\">&nbsp;<\/div>\n<p><script async=\"\" defer=\"\" src=\"https:\/\/secure.money.com\/embeds\/embedder.js?v=1\"><\/script><\/p>\n<p>Balfour now expects profit to be ahead of market expectations, due to positive net interest income and certain accounting measures which will significantly reduce the 2022 tax charge. Average monthly net cash is now forecast to be around \u00a3800m, ahead of the previous guidance of \u00a3740-\u00a3780m.<\/p>\n<p>Over \u00a3200m has been returned to investors over 2022, with the current buyback scheme set to complete in December. For 2023, distributions are expected to be broadly similar. From January, the group expects to continue buying back shares ahead of confirming a new buyback scheme with full year results in March.<\/p>\n<p>The shares rose 2.2% following the announcement.<\/p>\n<h2>Balfour Beatty's Earnings<strong><br \/>\n<\/strong><\/h2>\n<p>\u201cBalfour Beatty looks to be heading into the final stretch of the 2022 financial year in decent shape, both profit and <a href=\"https:\/\/www.valuewalk.com\/cash-flow-will-still-be-king-next-year\/\">cash flows<\/a> are expected to be higher giving management the confidence to continue buying back shares into 2023. That\u2019s a clear statement to the market that management still feel the shares offer good value, with them trading hands at 11 times forecast earnings.<\/p>\n<p>Both revenue and the order book are expected to rise around 5% by the year end, though its worth remembering favourable exchange rates are the main driving force which aren\u2019t an underlying, or ongoing, growth factor.<\/p>\n<p>Balfour saw a return to profitability for its UK Construction sector back at the half year mark and is continuing its strategy across the business of de-risking the order book. Around 90% of the UK order book is now in public sector projects, which offer significantly more resilience in a downturn.<\/p>\n<p>We were also pleased to hear the UK government committing to infrastructure investment in the recent Autumn statement, that should act as a long-term demand driver for Balfour.\u201d<\/p>\n<p><em><strong>Article by Matt Britzman, Equity Analyst at Hargreaves Lansdown<\/strong><\/em><\/p>\n ","protected":false},"excerpt":{"rendered":"<p>Balfour Beatty plc (LON:BBY)\u2019s full year revenue is expected to be around 5% ahead of last year, which came in &#8230; <a title=\"Balfour Beatty \u2013 Revenue And Profit Expected Higher, Buybacks To Continue Into 2023\" class=\"read-more\" href=\"https:\/\/www.valuewalk.com\/balfour-beatty-revenue-and-profit-expected-higher-buybacks-to-continue-into-2023\/\" aria-label=\"More on Balfour Beatty \u2013 Revenue And Profit Expected Higher, Buybacks To Continue Into 2023\">Read more<\/a><\/p>\n","protected":false},"author":22076,"featured_media":2452410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6640],"tags":[663430,654018],"states":[],"acf":[],"modified_by":"Umair Tariq","_links":{"self":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2453182"}],"collection":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/users\/22076"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/comments?post=2453182"}],"version-history":[{"count":0,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/posts\/2453182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media\/2452410"}],"wp:attachment":[{"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/media?parent=2453182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/categories?post=2453182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/tags?post=2453182"},{"taxonomy":"states","embeddable":true,"href":"https:\/\/www.valuewalk.com\/wp-json\/wp\/v2\/states?post=2453182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}