BELLWAY P.L.C. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,782 GBX | +1.09% |
|
+3.50% | +8.33% |
| Jun. 05 | Berenberg raises Taylor Wimpey to 'buy' | AN |
| May. 21 | Bellway Names First Chief Commercial Officer; Finance Director Plans 2025 Exit | MT |
Valuation
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,656 | 3,139 | 4,049 | 3,012 | 2,664 | 3,265 | - | - |
| Enterprise Value (EV) 1 | 3,455 | 3,138 | 3,719 | 2,767 | 2,432 | 3,062 | 3,062 | 2,997 |
| P/E ratio | 6.81 x | 16.3 x | 10.4 x | 12.5 x | 7.48 x | 24.4 x | 17.8 x | 13.3 x |
| Yield | 5.06% | 1.96% | 3.58% | 5.72% | 6.32% | 1.74% | 2.25% | 2.98% |
| Capitalization / Revenue | 1.14 x | 1.41 x | 1.3 x | 0.85 x | 0.78 x | 1.46 x | 1.29 x | 1.14 x |
| EV / Revenue | 1.08 x | 1.41 x | 1.19 x | 0.78 x | 0.71 x | 1.37 x | 1.21 x | 1.05 x |
| EV / EBITDA | 5.08 x | 9.57 x | 6.91 x | 4.2 x | 4.42 x | 13.7 x | 10.8 x | 8.1 x |
| EV / FCF | 12 x | -47.4 x | 8.66 x | 24.3 x | 10.4 x | 339 x | 21.3 x | 25.7 x |
| FCF Yield | 8.3% | -2.11% | 11.5% | 4.12% | 9.6% | 0.29% | 4.69% | 3.89% |
| Price to Book | 1.25 x | 1.05 x | 1.23 x | 0.9 x | 0.77 x | 0.96 x | 0.93 x | 0.9 x |
| Nbr of stocks (in thousands) | 123,113 | 123,288 | 123,366 | 123,152 | 120,231 | 118,649 | - | - |
| Reference price 2 | 29.70 | 25.46 | 32.82 | 24.46 | 22.16 | 27.52 | 27.52 | 27.52 |
| Announcement Date | 10/15/19 | 10/20/20 | 10/19/21 | 10/18/22 | 10/17/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,213 | 2,225 | 3,122 | 3,537 | 3,407 | 2,234 | 2,533 | 2,865 |
| EBITDA 1 | 680.7 | 328 | 538 | 659.3 | 549.9 | 223.6 | 282.9 | 370 |
| EBIT 1 | 674.9 | 321.7 | 531.5 | 653.2 | 543.9 | 214 | 276 | 359 |
| Operating Margin | 21% | 14.46% | 17.02% | 18.47% | 15.97% | 9.58% | 10.9% | 12.53% |
| Earnings before Tax (EBT) 1 | 662.6 | 236.7 | 479 | 309 | 483 | 179.8 | 257.2 | 328.5 |
| Net income 1 | 538.6 | 192.9 | 390.7 | 242.6 | 365 | 132 | 180.9 | 238.6 |
| Net margin | 16.76% | 8.67% | 12.51% | 6.86% | 10.71% | 5.91% | 7.14% | 8.33% |
| EPS 2 | 4.364 | 1.561 | 3.158 | 1.962 | 2.963 | 1.126 | 1.545 | 2.070 |
| Free Cash Flow 1 | 286.8 | -66.2 | 429.2 | 114.1 | 233.5 | 9.028 | 143.8 | 116.7 |
| FCF margin | 8.93% | -2.97% | 13.75% | 3.23% | 6.85% | 0.4% | 5.68% | 4.07% |
| FCF Conversion (EBITDA) | 42.14% | - | 79.78% | 17.31% | 42.46% | 4.04% | 50.81% | 31.54% |
| FCF Conversion (Net income) | 53.25% | - | 109.85% | 47.03% | 63.97% | 6.84% | 79.47% | 48.91% |
| Dividend per Share 2 | 1.504 | 0.5000 | 1.175 | 1.400 | 1.400 | 0.4777 | 0.6191 | 0.8195 |
| Announcement Date | 10/15/19 | 10/20/20 | 10/19/21 | 10/18/22 | 10/17/23 | - | - | - |
1GBP in Million2GBP
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 2020 S1 |
|---|---|
| Net sales 1 | 1,541 |
| EBITDA | - |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income | - |
| Net margin | - |
| EPS | - |
| Dividend per Share | - |
| Announcement Date | 3/25/20 |
1GBP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 201 | 1.4 | 330 | 245 | 232 | 203 | 203 | 268 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 287 | -66.2 | 429 | 114 | 234 | 9.03 | 144 | 117 |
| ROE (net income / shareholders' equity) | 19.7% | 6.52% | 12.4% | 15.4% | 11.7% | 4.05% | 5.27% | 6.98% |
| ROA (Net income/ Total Assets) | 14.5% | 4.84% | 8.92% | 10.7% | 7.96% | 2.82% | 3.82% | 4.84% |
| Assets 1 | 3,717 | 3,987 | 4,380 | 2,260 | 4,583 | 4,678 | 4,730 | 4,933 |
| Book Value Per Share 2 | 23.70 | 24.30 | 26.60 | 27.30 | 28.70 | 28.60 | 29.50 | 30.60 |
| Cash Flow per Share 2 | 2.370 | -0.4700 | 3.500 | 0.9300 | 1.920 | 1.220 | 2.390 | - |
| Capex 1 | 5.13 | 8.3 | 3.3 | 0.5 | 2.7 | 3.63 | 4.25 | 5.67 |
| Capex / Sales | 0.16% | 0.37% | 0.11% | 0.01% | 0.08% | 0.16% | 0.17% | 0.2% |
| Announcement Date | 10/15/19 | 10/20/20 | 10/19/21 | 10/18/22 | 10/17/23 | - | - | - |
1GBP in Million2GBP
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
27.52
GBP
Average target price
30.31
GBP
Spread / Average Target
+10.15%
EPS Revisions
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +7.63% | 4.17B | |
| -4.20% | 48.11B | |
| +11.66% | 24.31B | |
| -3.18% | 17.14B | |
| +17.18% | 14.61B | |
| +17.24% | 12.34B | |
| +31.00% | 7.27B | |
| +11.99% | 7.13B | |
| +3.20% | 6.84B | |
| -9.70% | 6.29B |
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