Eric Schleien on Vistry Group: Mispriced Crown Jewel or Value Trap?

In this solo episode of The Intelligent Investing Podcast, Eric Schleien breaks down the case for why Vistry Group (LSE: VTY) may be one of the most mispriced stocks in the UK market right now — or possibly a classic value trap.

After issuing three profit warnings in late 2024, Vistry’s stock tanked over 60%. But the actual issues were contained within a legacy division the company is actively winding down. Meanwhile, its Partnerships business — a capital-light, 40%+ ROCE cash machine — continues to execute and grow, backed by massive UK government tailwinds.

In this deep-dive, Eric Schleien discusses:

• Vistry’s misunderstood dual business model

• What really caused the profit warnings

• The hidden strength of the Partnerships segment

• Labour’s UK housing policy and billions in new funding

• A compelling valuation with 3–4x return potential

• Why this could be the UK’s version of NVR

• What risks are real — and which ones the market is overreacting to

This episode is essential listening for anyone interested in value investing, behavioral mispricings, and the intersection of policy and capital allocation.

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🎧 Watch on YouTube:

• 🎬 Full Podcast Playlist: https://www.youtube.com/playlist?list=PLH7Zqn5JeEVEQM8rIf6y72p3kRuo-7Qy6

• 📺 Main Channel: https://www.youtube.com/@EricSchleien1

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📘 Read Eric’s Book: "Principles of Power: The Art & Wisdom of Value Investing" → https://amzn.to/3XPPY8y

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🔗 More from Eric Schleien:

• Website & Blog: https://ericschleien.com

• Full Podcast Archive: https://intelligentinvesting.podbean.com

• Twitter: https://twitter.com/EricSchleien