Financials Persimmon Plc OTC Markets

Equities

Market Closed - OTC Markets Other stock markets 09:58:21 2024-06-10 am EDT			5-day change	1st Jan Change
19.65 ^USD	+31.00%		0.00%	+30.56%

Jun. 20	UK Stocks-Factors to watch on June 20	RE
Jun. 14	Crest Nicholson spurns significantly undervalued Bellway bid	AN

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	8,526	8,819	9,111	3,885	4,436	4,308	-	-
Enterprise Value (EV) ¹	7,682	7,585	7,864	3,023	4,015	4,132	4,204	4,193
P/E ratio	10.1 x	13.9 x	11.6 x	6.98 x	17.5 x	16.8 x	13.3 x	11.1 x
Yield	8.72%	3.98%	8.23%	4.93%	-	4.55%	4.99%	5.37%
Capitalization / Revenue	2.34 x	2.65 x	2.52 x	1.02 x	1.6 x	1.53 x	1.37 x	1.26 x
EV / Revenue	2.1 x	2.28 x	2.18 x	0.79 x	1.45 x	1.46 x	1.34 x	1.22 x
EV / EBITDA	7.32 x	8.65 x	8.01 x	2.96 x	10.8 x	10.4 x	8.39 x	7.06 x
EV / FCF	13 x	10.2 x	10.3 x	8.13 x	-24.2 x	-311 x	36.9 x	17.8 x
FCF Yield	7.71%	9.84%	9.71%	12.3%	-4.14%	-0.32%	2.71%	5.63%
Price to Book	2.63 x	2.51 x	2.51 x	1.13 x	-	1.25 x	1.21 x	1.15 x
Nbr of stocks (in thousands)	316,346	318,728	318,996	319,218	319,333	319,595	-	-
Reference price ²	26.95	27.67	28.56	12.17	13.89	13.48	13.48	13.48
Announcement Date	2/27/20	3/3/21	3/2/22	3/1/23	3/12/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,649	3,328	3,610	3,816	2,773	2,822	3,134	3,428
EBITDA ¹	1,050	876.9	981.2	1,022	373.2	396.6	500.7	594.2
EBIT ¹	1,037	862.8	966.7	1,006	354.5	381.6	485	579.5
Operating Margin	28.41%	25.92%	26.77%	26.38%	12.78%	13.52%	15.47%	16.91%
Earnings before Tax (EBT) ¹	1,041	783.8	966.8	730.7	351.8	360.9	454.8	545
Net income ¹	848.8	638.4	787.2	561	255.4	254.3	319.9	386.7
Net margin	23.26%	19.18%	21.8%	14.7%	9.21%	9.01%	10.21%	11.28%
EPS ²	2.663	1.996	2.456	1.743	0.7950	0.8016	1.016	1.218
Free Cash Flow ¹	592.5	746.6	763.9	371.8	-166.2	-13.27	113.8	236
FCF margin	16.24%	22.43%	21.16%	9.74%	-5.99%	-0.47%	3.63%	6.89%
FCF Conversion (EBITDA)	56.43%	85.14%	77.85%	36.37%	-	-	22.73%	39.72%
FCF Conversion (Net income)	69.8%	116.95%	97.04%	66.27%	-	-	35.59%	61.04%
Dividend per Share ²	2.350	1.100	2.350	0.6000	-	0.6136	0.6729	0.7245
Announcement Date	2/27/20	3/3/21	3/2/22	3/1/23	3/12/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	844	1,234	1,247	862	420	176	105	115
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	593	747	764	372	-166	-13.3	114	236
ROE (net income / shareholders' equity)	26.3%	18.8%	22.1%	22%	7.45%	7.58%	9.51%	11%
ROA (Net income/ Total Assets)	18.6%	14%	16.9%	11.4%	5.2%	5.37%	6.95%	8.05%
Assets ¹	4,571	4,556	4,671	4,913	4,911	4,733	4,606	4,806
Book Value Per Share ²	10.20	11.00	11.40	10.80	-	10.80	11.10	11.70
Cash Flow per Share ²	1.940	2.390	2.450	1.250	-0.4000	-0.3000	1.130	1.150
Capex ¹	27.5	18.9	20.9	30.5	36.4	26.1	24.9	25.7
Capex / Sales	0.75%	0.57%	0.58%	0.8%	1.31%	0.92%	0.79%	0.75%
Announcement Date	2/27/20	3/3/21	3/2/22	3/1/23	3/12/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

13.48 GBP

Average target price

15.29 GBP

Spread / Average Target

+13.40%

	1st Jan change	Capi.
DR HORTON	-7.67%	46.25B
PULTEGROUP, INC.	+6.62%	23.15B
DAIWA HOUSE INDUSTRY CO., LTD.	-5.43%	16.28B
SEKISUI HOUSE, LTD.	+11.72%	14.31B
TOLL BROTHERS, INC.	+12.86%	11.87B
SUMITOMO FORESTRY CO., LTD.	+21.75%	6.75B
TAYLOR WIMPEY PLC	-3.33%	6.45B
THE BERKELEY GROUP HOLDINGS PLC	-1.41%	6.24B
SEKISUI CHEMICAL CO., LTD.	+8.41%	5.86B