Report

Update: Continuing to deliver

Safestyle UK’s model continues to deliver outperformance in a growing market. Good progress has been achieved in H1 and we expect the company to at least match our existing FY14 estimates. Investor sentiment has cooled towards housing market exposure in recent months but we believe the RMI sector has good momentum. A 4.9% yield and 11.4x P/E ratio offer good growth and income value.
Underlying
Safestyle UK

Safestyle UK is engaged in the sale, manufacture and installation of replacement of Polyvinyl Chloride Un-plasticised (PVCu) windows and doors for the U.K. homeowner market. Co.'s segment includes the sale, design, manufacture, installation and maintenance of domestic, double-glazed, replacement windows and doors. As of Dec 31 2016, Co. had 36 sales branches and 12 installation depots throughout U.K. Co.'s Eco Diamond™ product ranges comprised of Eco Diamond Windows, Eco Diamond UOVC Doors, Eco Diamond Bi-Fold Doors, Eco Diamond Conservatories, and Eco Diamond Garden Doors.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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