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Cheap as bricks (Updated)

Brickability Group bricks

With new housebuilding lagging even further behind government targets, this business supplying into major housebuilders still remains well placed to benefit as the UK gets back to work. The shares certainly look good value on several levels as our updated note here reveals. 


Background

Established in 1984, Brickability Group (LON:BRCK) distributes and installs quality building materials from major UK and European manufacturing partners.
It operates around three core product areas:
Bricks and Building Materials
Heating, Plumbing and Joinery.
Roofing Products and Services
Group revenue ror the year ending March 2019 was £163m

Divisions

Brick and Building Materials Division
Revenue March 2020 year: £143.9m - 77% of group turnover, 54% of EBITDA

The Brick Division is the fastest growing of three leading national specialist suppliers of facing bricks and…

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