5 Best Undervalued UK Stocks to Buy Now

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In this article, we discuss the 5 best undervalued UK stocks to buy now. If you want to read about some more undervalued UK stocks, go directly to 10 Best Undervalued UK Stocks to Buy Now.

5. Redrow plc (LSE:RDW.L)

PE Ratio: 8.26

Redrow plc (LSE:RDW.L) focuses on house building activities in the United Kingdom. It is involved in acquiring land; and develops and sells residential housing properties. Redrow plc was founded in 1974 and is based in Flintshire, the United Kingdom. Harrow estates PLC, Redrow Homes, Redrow Regeneration and Image Lines Limited are subsidiaries of Redrow plc. On 26 August 2022, Redrow plc (LSE:RDW.L) revealed that it had acquired an eight-acre site in Oldham borough, with full planning permission for up to 77 new homes. The site acquisition represents a fifth in recent years for Redrow in Oldham.  

Redrow plc (LSE:RDW.L) expects annual revenue to be around GBP 2.1 billion in 2022, roughly in line with financial year 2022 expectations. Its operating margin is expected to be 18%, down from 19.3% a year prior. The previous Redrow plc dividend was 22p. There are typically 2 dividends per year, and the dividend cover is approximately 6.4.

Redrow plc (LSE:RDW.L) was founded by Steve Morgan. In 1978, the company expanded into building contracting. In 1980, Redrow achieved its first million-pound contract. In 1982, the Redrow Homes development subsidiary was formed. 

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