View Financial HealthBellway 配当と自社株買い配当金 基準チェック /26Bellwayは配当を支払う会社で、現在の利回りは3.86%ですが、利益によって十分にカバーされています。次の支払い日は 1st July, 2026で、権利落ち日は21st May, 2026 。主要情報3.9%配当利回り2.5%バイバック利回り総株主利回り6.3%将来の配当利回り5.2%配当成長-2.5%次回配当支払日01 Jul 26配当落ち日21 May 26一株当たり配当金n/a配当性向54%最近の配当と自社株買いの更新Declared Dividend • May 20First half dividend of UK£0.23 announcedShareholders will receive a dividend of UK£0.23. Ex-date: 21st May 2026 Payment date: 1st July 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Nov 27Bellway p.l.c. Approves Final Dividend for 2025Bellway p.l.c. at its AGM held on 27 November 2025 approved to declare a final dividend of 49.0 pence per ordinary share for 2025.お知らせ • Mar 26Bellway p.l.c. Announces Interim Dividend for the Year Ending July 31, 2025, Payable July 1, 2025Bellway p.l.c. announced the interim dividend of 21.0 pence for the year ending July 31, 2025. It was was approved by the Board on 24 March 2025 and, in accordance with IAS 10 'Events after the Reporting Period', has not been included as a liability in these condensed consolidated interim financial statements. The interim dividend will be paid on Tuesday 1 July 2025 to all ordinary shareholders on the Register of Members on Friday 23 May 2025. The ex-dividend date is Thursday 22 May 2025.Declared Dividend • Oct 17Final dividend of UK£0.38 announcedShareholders will receive a dividend of UK£0.38. Ex-date: 28th November 2024 Payment date: 8th January 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Upcoming Dividend • May 16Upcoming dividend of UK£0.16 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%).Declared Dividend • Mar 28First half dividend of UK£0.16 announcedShareholders will receive a dividend of UK£0.16. Ex-date: 23rd May 2024 Payment date: 1st July 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but not covered by cash flows (258% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.すべての更新を表示Recent updatesDeclared Dividend • May 20First half dividend of UK£0.23 announcedShareholders will receive a dividend of UK£0.23. Ex-date: 21st May 2026 Payment date: 1st July 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 03Bellway p.l.c. Announces Announces Board and Committee ChangesBellway p.l.c. announced the appointment of Philip Harrison as an independent Non-Executive Director of the Company with effect from July 1, 2026. He will also be appointed as a member of the Audit, Nomination, and Remuneration Committees with effect from the same date. Philip will become Chair of the Audit Committee ahead of Ian McHoul retiring from the Board at this year's AGM in November. Philip has extensive finance leadership and strategy experience across several sectors, including construction. He has been Chief Financial Officer at Balfour Beatty plc for more than ten years and will step down from their Board on May 7, 2026. Prior to this he spent three years as Group Finance Director at both Hogg Robinson Group plc and VT Group plc. He was a Non-Executive Director at Dowlais Group plc from February 2023 to February 2026 where he was Chair of the Audit Committee and a member of the Remuneration and Nomination Committees. Ian McHoul will retire from the Board at this year's AGM in November after a nine-year tenure and significant contribution as Chair of the Audit Committee.お知らせ • Nov 27Bellway p.l.c. Approves Final Dividend for 2025Bellway p.l.c. at its AGM held on 27 November 2025 approved to declare a final dividend of 49.0 pence per ordinary share for 2025.お知らせ • Oct 27+ 2 more updatesBellway p.l.c. to Report Q2, 2026 Results on Feb 10, 2026Bellway p.l.c. announced that they will report Q2, 2026 results on Feb 10, 2026お知らせ • Oct 14+ 1 more updateBellway p.l.c., Annual General Meeting, Nov 27, 2025Bellway p.l.c., Annual General Meeting, Nov 27, 2025.お知らせ • Aug 13Bellway p.l.c. Announces Management ChangesBellway p.l.c. announced the appointment of Gill Barr as an independent Non-Executive Director of the company with effect from 15 September 2025. Gill will also be appointed as a member of the Audit, Nomination, and Remuneration Committees with effect from the same date. Gill will become Chair of the Remuneration Committee in April 2026 when Jill Caseberry steps down from this role before retiring from the Board later in the year. Gill has extensive marketing, strategy and general management experience across a number of industries. She was Group Marketing Director of The Co-operative Group from 2011 to 2014 and was previously Marketing Director of John Lewis. Prior to this she spent seven years at Kingfisher Plc where she held a variety of senior marketing and business development roles. She is currently a Non-Executive Director at DFS Furniture plc where she is Chair of the Remuneration Committee and a member of the Audit, Nomination and Sustainability Committees. She has previously acted as a Non-Executive Director of PayPoint Plc, Wincanton plc, McCarthy & Stone plc, N Brown Group plc and Morgan Sindall Group Plc. In addition, the company announced the appointment of Phil Hope as Company Secretary, replacing Simon Scougall who was appointed Chief Commercial Officer on 1 August 2024. Phil joined Bellway 15 years ago and has held senior positions within the Group including that of Group Financial Controller and Finance Director and is now Finance Director and Company Secretary. Phil has significant corporate governance and listed company experience.お知らせ • Mar 26Bellway p.l.c. Announces Interim Dividend for the Year Ending July 31, 2025, Payable July 1, 2025Bellway p.l.c. announced the interim dividend of 21.0 pence for the year ending July 31, 2025. It was was approved by the Board on 24 March 2025 and, in accordance with IAS 10 'Events after the Reporting Period', has not been included as a liability in these condensed consolidated interim financial statements. The interim dividend will be paid on Tuesday 1 July 2025 to all ordinary shareholders on the Register of Members on Friday 23 May 2025. The ex-dividend date is Thursday 22 May 2025.お知らせ • Feb 11Bellway P.L.C. Provides Sales Guidance for the Year 2025Bellway p.l.c. provided sales guidance for the year 2025. For the year, the company remains on track to deliver full year volume output of at least 8,500 homes (31 July 2024 - 7,654 homes) with output weighted towards the first half.Buy Or Sell Opportunity • Nov 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to €32.20. The fair value is estimated to be €40.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 22% per annum over the same time period.Recent Insider Transactions • Oct 18Key Executive recently sold €1.1m worth of stockOn the 15th of October, Keith Adey sold around 27k shares on-market at roughly €39.10 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Keith's only on-market trade for the last 12 months.Declared Dividend • Oct 17Final dividend of UK£0.38 announcedShareholders will receive a dividend of UK£0.38. Ex-date: 28th November 2024 Payment date: 8th January 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Oct 16Bellway p.l.c., Annual General Meeting, Dec 12, 2024Bellway p.l.c., Annual General Meeting, Dec 12, 2024.Reported Earnings • Oct 15Full year 2024 earnings released: EPS: UK£1.10 (vs UK£2.98 in FY 2023)Full year 2024 results: EPS: UK£1.10 (down from UK£2.98 in FY 2023). Revenue: UK£2.38b (down 30% from FY 2023). Net income: UK£130.5m (down 64% from FY 2023). Profit margin: 5.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Oct 11Bellway P.L.C. Announces CFO ChangesBellway p.l.c. announced on 11 October 2024, the appointment of Shane Doherty as Chief Financial Officer. Shane Doherty, who was the Group Chief Financial Officer of Cairn Homes PLC ('Cairn') (a company trading on both the Euronext Dublin and the London Stock Exchange) until April 2024, will join Bellway on 2 December 2024 as Chief Financial Officer and be appointed as a member of the Board with effect from that date. Shane has significant experience in the housebuilding sector, having spent over four years at Cairn. Prior to this, he held a number of other senior finance roles across multiple sectors including as Chief Financial Officer at Morgan McKinley and European Finance Director at Flutter Entertainment PLC (formerly Paddy Power Betfair PLC). Shane qualified as a chartered accountant with PricewaterhouseCoopers in 2000. Further to the announcement on 21 May 2024, Bellway also announces that Keith Adey will be stepping down from his current role as Group Finance Director on 1 December 2024. Keith will remain on the Board and will continue to have an active role in the business as an executive director until 21 March 2025, which will include helping to oversee an orderly transition.お知らせ • Jul 11Bellway p.l.c. (LSE:BWY) submitted non-binding offer to acquire Crest Nicholson Holdings plc (LSE:CRST) for approximately £670 million.Bellway p.l.c. (LSE:BWY) submitted non-binding offer to acquire Crest Nicholson Holdings plc (LSE:CRST) for approximately £670 million on July 3, 2024. The consideration consists of common equity of Bellway p.l.c. at a ratio of 0.099 per common equity of Crest Nicholson Holdings plc. A total dividend at £0.04 per share will be paid by Bellway p.l.c. The Revised Proposal is subject to a number of pre-conditions, including completion of satisfactory due diligence. The Board of Crest Nicholson has confirmed to Bellway that the Revised Proposal is at a value that it would be minded to recommend unanimously to Crest Nicholson's shareholders. In order to enable satisfactory due diligence to take place, Bellway has requested, and the Board of Crest Nicholson and the Panel on Takeovers and Mergers consented to, an extension to the PUSU Deadline. Bellway is required, by no later than August 8, 2024 either to announce a firm intention to make an offer for Crest Nicholson under Rule 2.7 of the Code or to announce that it does not intend to make an offer for Crest Nicholson, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may only be extended with the agreement of Crest Nicholson and the Panel in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will ultimately be made for Crest Nicholson by Bellway, even if the pre-conditions are satisfied or waived. Bellway reserves the right to waive any pre-condition to the making of an offer. A further announcement will be made as and when appropriate. Robert Redshaw, Ram Anand, Robert Johnson and Irina Dzuteska of Citigroup Global Markets Limited and Heraclis Economides, Derek Shakespeare, Simon Hollingsworth and Oliver Hardy of Numis Securities Limited acted as financial advisor to Bellway. Robert Mayhew, Osman Akkaya, Stuart Jempson and Mark Gunalan of Barclays Bank PLC and Philip Yates, Sam Barnett, Will Soutar and Thomas Bective of Jefferies International Limited acted as financial advisor to Crest Nicholson Holdings.お知らせ • May 24+ 1 more updateBellway p.l.c. Announces Board and Executive ChangesBellway p.l.c. announced that Keith Adey, Group Finance Director, has advised the Board that, following a successful career that has spanned over 15 years with Bellway including over 12 years as Group Finance Director, and after much careful consideration, the time is right to step down from his role and from the Board. Keith intends to retire from full-time executive work once a successor has been appointed. A thorough recruitment process, led by the Nomination Committee with the support of external consultants, will now be undertaken. Throughout this process Keith will remain committed as Group Finance Director until an appropriate candidate has been appointed and a suitable handover has taken place which the Board expects to be early in 2025. The Company also announced that Simon Scougall will be appointed to join the Board in the newly created executive role of Chief Commercial Officer on 1 August 2024. Simon has held a number of senior positions within Bellway for over 13 years and is currently the Group General Counsel and Company Secretary and a member of the Group Executive Committee.お知らせ • May 23+ 1 more updateBellway p.l.c. to Report Fiscal Year 2025 Results on Oct 21, 2025Bellway p.l.c. announced that they will report fiscal year 2025 results on Oct 21, 2025Upcoming Dividend • May 16Upcoming dividend of UK£0.16 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%).お知らせ • May 01Bellway p.l.c. Appoints Cecily Davis as Independent Non-Executive Director and as Member of the Audit, Nomination, Sustainability and Remuneration Committees, Effect from 1 May 2024Bellway p.l.c. announced the appointment of Cecily Davis as an independent Non-Executive Director of the Company with effect from 1 May 2024. Cecily will also be appointed as a member of the Audit, Nomination, Sustainability and Remuneration Committees. Cecily has a wealth of senior executive experience of leadership and influencing, gained through her lengthy tenure as a senior partner with Fieldfisher and as current Co-Head of her firm's Africa Group. In addition, Cecily currently serves as a non-executive director on the board of Triple Point Social Housing REIT PLC, and has previously acted as non-executive director of both L&Q Group and Places for People.Declared Dividend • Mar 28First half dividend of UK£0.16 announcedShareholders will receive a dividend of UK£0.16. Ex-date: 23rd May 2024 Payment date: 1st July 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but not covered by cash flows (258% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 26First half 2024 earnings released: EPS: UK£0.71 (vs UK£1.87 in 1H 2023)First half 2024 results: EPS: UK£0.71 (down from UK£1.87 in 1H 2023). Revenue: UK£1.27b (down 30% from 1H 2023). Net income: UK£84.0m (down 64% from 1H 2023). Profit margin: 6.6% (down from 13% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year.Upcoming Dividend • Nov 24Upcoming dividend of UK£0.95 per share at 5.9% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 10 January 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.9%).お知らせ • Nov 06Bellway p.l.c., Annual General Meeting, Dec 15, 2023Bellway p.l.c., Annual General Meeting, Dec 15, 2023, at 08:30 Coordinated Universal Time. Location: Bellway p.l.c. Woolsington House, Woolsington New Castle Upon Tyne Tyne and Wear United Kingdom Agenda: To consider that the Company's audited financial statements for the financial year ended 31 July 2023 (the `Accounts') and the Directors'Report, the Strategic Report and the Auditor's Report on those Accounts and the auditable part of the Remuneration Report be received; to consider that the Remuneration Report, shown on pages 126 to 138 of the Annual Report and Accounts for the year ended 31 July 2023, be approved; to consider that a final dividend for the year ended 31 July 2023 of 95p per ordinary share, as recommended by the directors, be declared; to consider that Mr J Tutte be re-elected as a director of the Company; to consider that Mr J M Honeyman be re-elected as a director of the Company; to consider that Mr K D Adey be re-elected as a director of the Company; to consider that Ms J Caseberry be re-elected as a director of the Company; to consider that Mr I McHoul be re-elected as a director of the Company; and to consider other matters.Reported Earnings • Oct 18Full year 2023 earnings released: EPS: UK£2.98 (vs UK£1.97 in FY 2022)Full year 2023 results: EPS: UK£2.98 (up from UK£1.97 in FY 2022). Revenue: UK£3.41b (down 3.7% from FY 2022). Net income: UK£365.0m (up 51% from FY 2022). Profit margin: 11% (up from 6.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Oct 18Bellway p.l.c. Recommends Final Dividend for the Year Ended 31 July 2023, Payable on 10 January 2024The Board of Bellway p.l.c. recommended the final dividend is maintained at 95.0 pence per share (2022 - 95.0 pence) for the year ended 31 July 2023. The 2023 proposed final dividend is subject to approval by shareholders at the Annual General Meeting on 15 December 2023 and, in accordance with IAS 10 'Events after the Reporting Period', has not been included as a liability in these financial statements. The proposed final dividend, subject to shareholder approval, will be paid on 10 January 2024 to all ordinary shareholders on the Register of Members on 1 December 2023. The ex-dividend date is 30 November 2023.New Risk • Sep 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.06% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.06% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.2% net profit margin).お知らせ • Jul 29+ 1 more updateBellway p.l.c. to Report Fiscal Year 2024 Results on Oct 15, 2024Bellway p.l.c. announced that they will report fiscal year 2024 results on Oct 15, 2024Upcoming Dividend • May 18Upcoming dividend of UK£0.45 per share at 5.6% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 03 July 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%).Reported Earnings • Mar 29First half 2023 earnings released: EPS: UK£1.87 (vs UK£2.03 in 1H 2022)First half 2023 results: EPS: UK£1.87 (down from UK£2.03 in 1H 2022). Revenue: UK£1.81b (up 1.6% from 1H 2022). Net income: UK£230.0m (down 8.1% from 1H 2022). Profit margin: 13% (down from 14% in 1H 2022). Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Board Change • Jan 10Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Non-Executive Director Sarah Whitney was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Nov 24Upcoming dividend of UK£0.95 per shareEligible shareholders must have bought the stock before 01 December 2022. Payment date: 11 January 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.2%).お知らせ • Nov 18Bellway P.L.C. Announces Appointment of Jill Caseberry as Senior Independent Director and Chair of the Remuneration Committee with Effect from 1 January 2023Bellway p.l.c. announced a change to the other appointments of Jill Caseberry, a Non-Executive Director of the Company. Jill is also a Non-Executive Director of Bakkavor Group plc and has been appointed as Senior Independent Director and Chair of the Remuneration Committee with effect from 1 January 2023. Jill will step down from her role as designated workforce engagement Non-executive Director with effect from 1 January 2023.お知らせ • Nov 08Bellway p.l.c., Annual General Meeting, Dec 16, 2022Bellway p.l.c., Annual General Meeting, Dec 16, 2022, at 08:30 Coordinated Universal Time. Location: Bellway p.l.c., Woolsington House Woolsington, Newcastle Upon Tyne, NE13 8BF New Castle upon Tyne United Kingdom Agenda: To consider the Company's audited financial statements for the financial year ended 31 July 2022 (the `Accounts') and the Directors' Report, the Strategic Report and the Auditor's Report on those Accounts and the auditable part of the Remuneration Report be received (together the `Annual Report and Accounts'); to consider the Remuneration Report, shown on pages 106 to 118 of the Annual Report and Accounts for the year ended 31 July 2022; to approve a final dividend for the year ended 31 July 2022 of 95p per ordinary share, as recommended by the directors, be declared; to consider Mr J Tutte be elected as a director of the Company; to consider Mr J M Honeyman be re-elected as a director of the Company; to consider Mr K D Adey be re-elected as a director of the Company; to consider Ms J Caseberry be re-elected as a director of the Company; and to transact such other business matters.お知らせ • Oct 31Bellway p.l.c. Announces Director ChangesBellway p.l.c. announced that Denise Jagger, Senior Independent Non-Executive Director, will retire from the Board on 16th December 2022 after nine and a half years of service. Sarah Whitney, Non-Executive Director, will become Senior Independent Non-Executive Director.Reported Earnings • Oct 20Full year 2022 earnings released: EPS: UK£1.97 (vs UK£3.17 in FY 2021)Full year 2022 results: EPS: UK£1.97 (down from UK£3.17 in FY 2021). Revenue: UK£3.54b (up 13% from FY 2021). Net income: UK£242.6m (down 38% from FY 2021). Profit margin: 6.9% (down from 13% in FY 2021). Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year.お知らせ • Oct 18Bellway P.L.C. Recommends Final Dividend, Payable on 11 January 2023Bellway p.l.c. recommend a 15.2% increase in the final dividend to 95.0 pence per share (2021 - 82.5 pence, 2020 - 50.0 pence). This brings the total proposed dividend to 140.0 pence per share (2021 - 117.5p, 2020 - 50.0p), an increase of 19.1%. If approved, the overall dividend will be covered 3.0 times2,3 by underlying earnings (2021 - 3.0 times, 2020 - 4.1 times). The proposed final dividend, subject to shareholder approval, will be paid on 11 January 2023 to all ordinary shareholders on the Register of Members on 2 December 2022. The ex-dividend date is 1 December 2022. At the record date for the final dividend for the year ended 31 July 2021, shares were held by the Bellway Employee Share Trust (1992) (the 'Trust') on which dividends had been waived.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €18.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Durables industry in Germany. Total loss to shareholders of 45% over the past three years.お知らせ • Aug 17Bellway p.l.c. Appoints Sarah Whitney as Independent Non-Executive Director, Effective from September 1, 2022Bellway p.l.c. announced the appointment of Sarah Whitney as an independent Non-Executive Director of the company with effect from September 1, 2022. Sarah will also be appointed as a member of the Audit, Nomination and Remuneration Committees. Sarah has significant senior executive experience in the property sector and is currently a non-executive director and Chair of the Audit and Management Engagement Committees at JP Morgan Global Growth & Income plc, Chair of the Supervisory Board of BBGI Global Infrastructure S.A., a non-executive director and member of the Audit and Management Engagement Committees of Tritax EuroBox plc and a trustee and Chair of the Investment Committee of The Canal & River Trust.お知らせ • Jul 29+ 2 more updatesBellway p.l.c. to Report Fiscal Year 2023 Results on Oct 17, 2023Bellway p.l.c. announced that they will report fiscal year 2023 results on Oct 17, 2023Board Change • May 31High number of new directorsNon-Executive Chairman John Tutte was the last director to join the board, commencing their role in 2022.Upcoming Dividend • May 12Upcoming dividend of UK£0.45 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.9%).Board Change • Apr 27High number of new directorsNon-Executive Chairman John Tutte was the last director to join the board, commencing their role in 2022.Reported Earnings • Mar 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£229.2m from profit in 1H 2021). Profit margin: (down from 13% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 11%, compared to a 8.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Mar 29Bellway p.l.c. Announces Interim DividendBellway p.l.c. announced The interim dividend has been increased to 45.0 pence per share (2021 - 35.0 pence, 2020 - nil), a rise of 28.6% and the Board anticipates that the dividend cover will be 3 times underlying earnings for the full financial year. The Board intends to reduce dividend cover to around 2.5 times underlying earnings by 31 July 2024, a prudent and sustainable level, supported by strong investment returns and enhanced cash generation, arising in part, from increased investment in land over the past 18 months.Buying Opportunity • Mar 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be UK£43.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. Earnings per share has declined by 29% per annum over the last 3 years.Buying Opportunity • Feb 25Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be UK£43.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. Earnings per share has declined by 29% per annum over the last 3 years.Buying Opportunity • Feb 08Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be UK£42.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. Earnings per share has declined by 29% per annum over the last 3 years.Board Change • Dec 06Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Ian McHoul was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Dec 01Group CEO & Executive Director recently bought €126k worth of stockOn the 29th of November, Jason Honeyman bought around 3k shares on-market at roughly €37.31 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Jason has been a net seller over the last 12 months, reducing personal holdings by €38k.Upcoming Dividend • Nov 25Upcoming dividend of UK£0.82 per shareEligible shareholders must have bought the stock before 02 December 2021. Payment date: 12 January 2022. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.0%).Recent Insider Transactions • Oct 24Group CEO & Executive Director recently sold €164k worth of stockOn the 22nd of October, Jason Honeyman sold around 4k shares on-market at roughly €37.66 per share. This was the largest sale by an insider in the last 3 months. This was Jason's only on-market trade for the last 12 months.Reported Earnings • Oct 20Full year 2021 earnings released: EPS UK£3.17 (vs UK£1.57 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£3.12b (up 40% from FY 2020). Net income: UK£390.7m (up 102% from FY 2020). Profit margin: 13% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.Upcoming Dividend • May 13Upcoming dividend of UK£0.35 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 01 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.3%).Reported Earnings • Mar 25First half 2021 earnings released: EPS UK£1.86 (vs UK£1.94 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: UK£1.72b (up 12% from 1H 2020). Net income: UK£229.2m (down 4.2% from 1H 2020). Profit margin: 13% (down from 16% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Is New 90 Day High Low • Mar 05New 90-day high: €36.00The company is up 8.0% from its price of €33.18 on 04 December 2020. The German market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.94 per share.お知らせ • Feb 10Bellway p.l.c. to Report First Half, 2021 Results on Mar 24, 2021Bellway p.l.c. announced that they will report first half, 2021 results on Mar 24, 2021Analyst Estimate Surprise Post Earnings • Nov 16Revenue misses expectationsRevenue missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 19%, compared to a 4.6% growth forecast for the Consumer Durables industry in Germany.お知らせ • Nov 11Bellway p.l.c., Annual General Meeting, Dec 11, 2020Bellway p.l.c., Annual General Meeting, Dec 11, 2020, at 08:30 Coordinated Universal Time. Location: Woolsington House, Newcastle upon Tyne, NE13 8BF Woolsington United KingdomRecent Insider Transactions • Oct 30Independent Non-Executive Chairman recently bought €99k worth of stockOn the 28th of October, Paul Nigel Smith bought around 4k shares on-market at roughly €25.53 per share. This was the largest purchase by an insider in the last 3 months. Paul Nigel has been a buyer over the last 12 months, purchasing a net total of €185k worth in shares.Reported Earnings • Oct 21Full year earnings released - EPS €1.57Over the last 12 months the company has reported total profits of UK£192.9m, down 64% from the prior year. Total revenue was UK£2.23b over the last 12 months, down 31% from the prior year. Profit margins were 8.7%, which is lower than the 17% margin from last year. The decrease in margin was driven by lower revenue.Analyst Estimate Surprise Post Earnings • Oct 21Annual earnings released: Revenue misses expectationsAnnual revenue missed analyst estimates by 3.0% at UK£2.23b. Revenue is forecast to grow 18% over the next year, compared to a 4.0% growth forecast for the Consumer Durables industry in Germany.Is New 90 Day High Low • Sep 22New 90-day low: €24.87The company is down 14% from its price of €28.84 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.24 per share.お知らせ • Aug 12Bellway p.l.c. to Report Fiscal Year 2020 Results on Oct 20, 2020Bellway p.l.c. announced that they will report fiscal year 2020 results on Oct 20, 2020決済の安定と成長配当データの取得安定した配当: 41Bの配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 41Bの配当金支払額は過去10年間減少しています。配当利回り対市場Bellway 配当利回り対市場41B 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (41B)3.9%市場下位25% (DE)1.5%市場トップ25% (DE)4.5%業界平均 (Consumer Durables)5.6%アナリスト予想 (41B) (最長3年)5.2%注目すべき配当: 41Bの配当金 ( 3.86% ) はGerman市場の配当金支払者の下位 25% ( 1.54% ) よりも高くなっています。高配当: 41Bの配当金 ( 3.86% ) はGerman市場の配当金支払者の上位 25% ( 4.55% ) と比較すると低いです。株主への利益配当収益カバレッジ: 41Bの配当金は、合理的な 配当性向 ( 54.3% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 41Bは高い 現金配当性向 ( 114.5% ) のため、配当金の支払いはキャッシュフローで十分にカバーされていません。高配当企業の発掘7D1Y7D1Y7D1YDE 市場の強力な配当支払い企業。View Management企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 13:14終値2026/05/22 00:00収益2026/01/31年間収益2025/07/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Bellway p.l.c. 16 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。32 アナリスト機関Gavin JagoBarclaysRajesh PatkiBarclaysJonathan BellBarclays29 その他のアナリストを表示
Declared Dividend • May 20First half dividend of UK£0.23 announcedShareholders will receive a dividend of UK£0.23. Ex-date: 21st May 2026 Payment date: 1st July 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Nov 27Bellway p.l.c. Approves Final Dividend for 2025Bellway p.l.c. at its AGM held on 27 November 2025 approved to declare a final dividend of 49.0 pence per ordinary share for 2025.
お知らせ • Mar 26Bellway p.l.c. Announces Interim Dividend for the Year Ending July 31, 2025, Payable July 1, 2025Bellway p.l.c. announced the interim dividend of 21.0 pence for the year ending July 31, 2025. It was was approved by the Board on 24 March 2025 and, in accordance with IAS 10 'Events after the Reporting Period', has not been included as a liability in these condensed consolidated interim financial statements. The interim dividend will be paid on Tuesday 1 July 2025 to all ordinary shareholders on the Register of Members on Friday 23 May 2025. The ex-dividend date is Thursday 22 May 2025.
Declared Dividend • Oct 17Final dividend of UK£0.38 announcedShareholders will receive a dividend of UK£0.38. Ex-date: 28th November 2024 Payment date: 8th January 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • May 16Upcoming dividend of UK£0.16 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%).
Declared Dividend • Mar 28First half dividend of UK£0.16 announcedShareholders will receive a dividend of UK£0.16. Ex-date: 23rd May 2024 Payment date: 1st July 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but not covered by cash flows (258% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Declared Dividend • May 20First half dividend of UK£0.23 announcedShareholders will receive a dividend of UK£0.23. Ex-date: 21st May 2026 Payment date: 1st July 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but not covered by cash flows (114% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 03Bellway p.l.c. Announces Announces Board and Committee ChangesBellway p.l.c. announced the appointment of Philip Harrison as an independent Non-Executive Director of the Company with effect from July 1, 2026. He will also be appointed as a member of the Audit, Nomination, and Remuneration Committees with effect from the same date. Philip will become Chair of the Audit Committee ahead of Ian McHoul retiring from the Board at this year's AGM in November. Philip has extensive finance leadership and strategy experience across several sectors, including construction. He has been Chief Financial Officer at Balfour Beatty plc for more than ten years and will step down from their Board on May 7, 2026. Prior to this he spent three years as Group Finance Director at both Hogg Robinson Group plc and VT Group plc. He was a Non-Executive Director at Dowlais Group plc from February 2023 to February 2026 where he was Chair of the Audit Committee and a member of the Remuneration and Nomination Committees. Ian McHoul will retire from the Board at this year's AGM in November after a nine-year tenure and significant contribution as Chair of the Audit Committee.
お知らせ • Nov 27Bellway p.l.c. Approves Final Dividend for 2025Bellway p.l.c. at its AGM held on 27 November 2025 approved to declare a final dividend of 49.0 pence per ordinary share for 2025.
お知らせ • Oct 27+ 2 more updatesBellway p.l.c. to Report Q2, 2026 Results on Feb 10, 2026Bellway p.l.c. announced that they will report Q2, 2026 results on Feb 10, 2026
お知らせ • Oct 14+ 1 more updateBellway p.l.c., Annual General Meeting, Nov 27, 2025Bellway p.l.c., Annual General Meeting, Nov 27, 2025.
お知らせ • Aug 13Bellway p.l.c. Announces Management ChangesBellway p.l.c. announced the appointment of Gill Barr as an independent Non-Executive Director of the company with effect from 15 September 2025. Gill will also be appointed as a member of the Audit, Nomination, and Remuneration Committees with effect from the same date. Gill will become Chair of the Remuneration Committee in April 2026 when Jill Caseberry steps down from this role before retiring from the Board later in the year. Gill has extensive marketing, strategy and general management experience across a number of industries. She was Group Marketing Director of The Co-operative Group from 2011 to 2014 and was previously Marketing Director of John Lewis. Prior to this she spent seven years at Kingfisher Plc where she held a variety of senior marketing and business development roles. She is currently a Non-Executive Director at DFS Furniture plc where she is Chair of the Remuneration Committee and a member of the Audit, Nomination and Sustainability Committees. She has previously acted as a Non-Executive Director of PayPoint Plc, Wincanton plc, McCarthy & Stone plc, N Brown Group plc and Morgan Sindall Group Plc. In addition, the company announced the appointment of Phil Hope as Company Secretary, replacing Simon Scougall who was appointed Chief Commercial Officer on 1 August 2024. Phil joined Bellway 15 years ago and has held senior positions within the Group including that of Group Financial Controller and Finance Director and is now Finance Director and Company Secretary. Phil has significant corporate governance and listed company experience.
お知らせ • Mar 26Bellway p.l.c. Announces Interim Dividend for the Year Ending July 31, 2025, Payable July 1, 2025Bellway p.l.c. announced the interim dividend of 21.0 pence for the year ending July 31, 2025. It was was approved by the Board on 24 March 2025 and, in accordance with IAS 10 'Events after the Reporting Period', has not been included as a liability in these condensed consolidated interim financial statements. The interim dividend will be paid on Tuesday 1 July 2025 to all ordinary shareholders on the Register of Members on Friday 23 May 2025. The ex-dividend date is Thursday 22 May 2025.
お知らせ • Feb 11Bellway P.L.C. Provides Sales Guidance for the Year 2025Bellway p.l.c. provided sales guidance for the year 2025. For the year, the company remains on track to deliver full year volume output of at least 8,500 homes (31 July 2024 - 7,654 homes) with output weighted towards the first half.
Buy Or Sell Opportunity • Nov 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 1.8% to €32.20. The fair value is estimated to be €40.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 22% per annum over the same time period.
Recent Insider Transactions • Oct 18Key Executive recently sold €1.1m worth of stockOn the 15th of October, Keith Adey sold around 27k shares on-market at roughly €39.10 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Keith's only on-market trade for the last 12 months.
Declared Dividend • Oct 17Final dividend of UK£0.38 announcedShareholders will receive a dividend of UK£0.38. Ex-date: 28th November 2024 Payment date: 8th January 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 84% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 16Bellway p.l.c., Annual General Meeting, Dec 12, 2024Bellway p.l.c., Annual General Meeting, Dec 12, 2024.
Reported Earnings • Oct 15Full year 2024 earnings released: EPS: UK£1.10 (vs UK£2.98 in FY 2023)Full year 2024 results: EPS: UK£1.10 (down from UK£2.98 in FY 2023). Revenue: UK£2.38b (down 30% from FY 2023). Net income: UK£130.5m (down 64% from FY 2023). Profit margin: 5.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 11Bellway P.L.C. Announces CFO ChangesBellway p.l.c. announced on 11 October 2024, the appointment of Shane Doherty as Chief Financial Officer. Shane Doherty, who was the Group Chief Financial Officer of Cairn Homes PLC ('Cairn') (a company trading on both the Euronext Dublin and the London Stock Exchange) until April 2024, will join Bellway on 2 December 2024 as Chief Financial Officer and be appointed as a member of the Board with effect from that date. Shane has significant experience in the housebuilding sector, having spent over four years at Cairn. Prior to this, he held a number of other senior finance roles across multiple sectors including as Chief Financial Officer at Morgan McKinley and European Finance Director at Flutter Entertainment PLC (formerly Paddy Power Betfair PLC). Shane qualified as a chartered accountant with PricewaterhouseCoopers in 2000. Further to the announcement on 21 May 2024, Bellway also announces that Keith Adey will be stepping down from his current role as Group Finance Director on 1 December 2024. Keith will remain on the Board and will continue to have an active role in the business as an executive director until 21 March 2025, which will include helping to oversee an orderly transition.
お知らせ • Jul 11Bellway p.l.c. (LSE:BWY) submitted non-binding offer to acquire Crest Nicholson Holdings plc (LSE:CRST) for approximately £670 million.Bellway p.l.c. (LSE:BWY) submitted non-binding offer to acquire Crest Nicholson Holdings plc (LSE:CRST) for approximately £670 million on July 3, 2024. The consideration consists of common equity of Bellway p.l.c. at a ratio of 0.099 per common equity of Crest Nicholson Holdings plc. A total dividend at £0.04 per share will be paid by Bellway p.l.c. The Revised Proposal is subject to a number of pre-conditions, including completion of satisfactory due diligence. The Board of Crest Nicholson has confirmed to Bellway that the Revised Proposal is at a value that it would be minded to recommend unanimously to Crest Nicholson's shareholders. In order to enable satisfactory due diligence to take place, Bellway has requested, and the Board of Crest Nicholson and the Panel on Takeovers and Mergers consented to, an extension to the PUSU Deadline. Bellway is required, by no later than August 8, 2024 either to announce a firm intention to make an offer for Crest Nicholson under Rule 2.7 of the Code or to announce that it does not intend to make an offer for Crest Nicholson, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline may only be extended with the agreement of Crest Nicholson and the Panel in accordance with Rule 2.6(c) of the Code. There can be no certainty that a firm offer will ultimately be made for Crest Nicholson by Bellway, even if the pre-conditions are satisfied or waived. Bellway reserves the right to waive any pre-condition to the making of an offer. A further announcement will be made as and when appropriate. Robert Redshaw, Ram Anand, Robert Johnson and Irina Dzuteska of Citigroup Global Markets Limited and Heraclis Economides, Derek Shakespeare, Simon Hollingsworth and Oliver Hardy of Numis Securities Limited acted as financial advisor to Bellway. Robert Mayhew, Osman Akkaya, Stuart Jempson and Mark Gunalan of Barclays Bank PLC and Philip Yates, Sam Barnett, Will Soutar and Thomas Bective of Jefferies International Limited acted as financial advisor to Crest Nicholson Holdings.
お知らせ • May 24+ 1 more updateBellway p.l.c. Announces Board and Executive ChangesBellway p.l.c. announced that Keith Adey, Group Finance Director, has advised the Board that, following a successful career that has spanned over 15 years with Bellway including over 12 years as Group Finance Director, and after much careful consideration, the time is right to step down from his role and from the Board. Keith intends to retire from full-time executive work once a successor has been appointed. A thorough recruitment process, led by the Nomination Committee with the support of external consultants, will now be undertaken. Throughout this process Keith will remain committed as Group Finance Director until an appropriate candidate has been appointed and a suitable handover has taken place which the Board expects to be early in 2025. The Company also announced that Simon Scougall will be appointed to join the Board in the newly created executive role of Chief Commercial Officer on 1 August 2024. Simon has held a number of senior positions within Bellway for over 13 years and is currently the Group General Counsel and Company Secretary and a member of the Group Executive Committee.
お知らせ • May 23+ 1 more updateBellway p.l.c. to Report Fiscal Year 2025 Results on Oct 21, 2025Bellway p.l.c. announced that they will report fiscal year 2025 results on Oct 21, 2025
Upcoming Dividend • May 16Upcoming dividend of UK£0.16 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%).
お知らせ • May 01Bellway p.l.c. Appoints Cecily Davis as Independent Non-Executive Director and as Member of the Audit, Nomination, Sustainability and Remuneration Committees, Effect from 1 May 2024Bellway p.l.c. announced the appointment of Cecily Davis as an independent Non-Executive Director of the Company with effect from 1 May 2024. Cecily will also be appointed as a member of the Audit, Nomination, Sustainability and Remuneration Committees. Cecily has a wealth of senior executive experience of leadership and influencing, gained through her lengthy tenure as a senior partner with Fieldfisher and as current Co-Head of her firm's Africa Group. In addition, Cecily currently serves as a non-executive director on the board of Triple Point Social Housing REIT PLC, and has previously acted as non-executive director of both L&Q Group and Places for People.
Declared Dividend • Mar 28First half dividend of UK£0.16 announcedShareholders will receive a dividend of UK£0.16. Ex-date: 23rd May 2024 Payment date: 1st July 2024 Dividend yield will be 4.1%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but not covered by cash flows (258% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 50% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 26First half 2024 earnings released: EPS: UK£0.71 (vs UK£1.87 in 1H 2023)First half 2024 results: EPS: UK£0.71 (down from UK£1.87 in 1H 2023). Revenue: UK£1.27b (down 30% from 1H 2023). Net income: UK£84.0m (down 64% from 1H 2023). Profit margin: 6.6% (down from 13% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year.
Upcoming Dividend • Nov 24Upcoming dividend of UK£0.95 per share at 5.9% yieldEligible shareholders must have bought the stock before 30 November 2023. Payment date: 10 January 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.9%).
お知らせ • Nov 06Bellway p.l.c., Annual General Meeting, Dec 15, 2023Bellway p.l.c., Annual General Meeting, Dec 15, 2023, at 08:30 Coordinated Universal Time. Location: Bellway p.l.c. Woolsington House, Woolsington New Castle Upon Tyne Tyne and Wear United Kingdom Agenda: To consider that the Company's audited financial statements for the financial year ended 31 July 2023 (the `Accounts') and the Directors'Report, the Strategic Report and the Auditor's Report on those Accounts and the auditable part of the Remuneration Report be received; to consider that the Remuneration Report, shown on pages 126 to 138 of the Annual Report and Accounts for the year ended 31 July 2023, be approved; to consider that a final dividend for the year ended 31 July 2023 of 95p per ordinary share, as recommended by the directors, be declared; to consider that Mr J Tutte be re-elected as a director of the Company; to consider that Mr J M Honeyman be re-elected as a director of the Company; to consider that Mr K D Adey be re-elected as a director of the Company; to consider that Ms J Caseberry be re-elected as a director of the Company; to consider that Mr I McHoul be re-elected as a director of the Company; and to consider other matters.
Reported Earnings • Oct 18Full year 2023 earnings released: EPS: UK£2.98 (vs UK£1.97 in FY 2022)Full year 2023 results: EPS: UK£2.98 (up from UK£1.97 in FY 2022). Revenue: UK£3.41b (down 3.7% from FY 2022). Net income: UK£365.0m (up 51% from FY 2022). Profit margin: 11% (up from 6.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Oct 18Bellway p.l.c. Recommends Final Dividend for the Year Ended 31 July 2023, Payable on 10 January 2024The Board of Bellway p.l.c. recommended the final dividend is maintained at 95.0 pence per share (2022 - 95.0 pence) for the year ended 31 July 2023. The 2023 proposed final dividend is subject to approval by shareholders at the Annual General Meeting on 15 December 2023 and, in accordance with IAS 10 'Events after the Reporting Period', has not been included as a liability in these financial statements. The proposed final dividend, subject to shareholder approval, will be paid on 10 January 2024 to all ordinary shareholders on the Register of Members on 1 December 2023. The ex-dividend date is 30 November 2023.
New Risk • Sep 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.06% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.06% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.2% net profit margin).
お知らせ • Jul 29+ 1 more updateBellway p.l.c. to Report Fiscal Year 2024 Results on Oct 15, 2024Bellway p.l.c. announced that they will report fiscal year 2024 results on Oct 15, 2024
Upcoming Dividend • May 18Upcoming dividend of UK£0.45 per share at 5.6% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 03 July 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%).
Reported Earnings • Mar 29First half 2023 earnings released: EPS: UK£1.87 (vs UK£2.03 in 1H 2022)First half 2023 results: EPS: UK£1.87 (down from UK£2.03 in 1H 2022). Revenue: UK£1.81b (up 1.6% from 1H 2022). Net income: UK£230.0m (down 8.1% from 1H 2022). Profit margin: 13% (down from 14% in 1H 2022). Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Board Change • Jan 10Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Non-Executive Director Sarah Whitney was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Nov 24Upcoming dividend of UK£0.95 per shareEligible shareholders must have bought the stock before 01 December 2022. Payment date: 11 January 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 7.0%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.2%).
お知らせ • Nov 18Bellway P.L.C. Announces Appointment of Jill Caseberry as Senior Independent Director and Chair of the Remuneration Committee with Effect from 1 January 2023Bellway p.l.c. announced a change to the other appointments of Jill Caseberry, a Non-Executive Director of the Company. Jill is also a Non-Executive Director of Bakkavor Group plc and has been appointed as Senior Independent Director and Chair of the Remuneration Committee with effect from 1 January 2023. Jill will step down from her role as designated workforce engagement Non-executive Director with effect from 1 January 2023.
お知らせ • Nov 08Bellway p.l.c., Annual General Meeting, Dec 16, 2022Bellway p.l.c., Annual General Meeting, Dec 16, 2022, at 08:30 Coordinated Universal Time. Location: Bellway p.l.c., Woolsington House Woolsington, Newcastle Upon Tyne, NE13 8BF New Castle upon Tyne United Kingdom Agenda: To consider the Company's audited financial statements for the financial year ended 31 July 2022 (the `Accounts') and the Directors' Report, the Strategic Report and the Auditor's Report on those Accounts and the auditable part of the Remuneration Report be received (together the `Annual Report and Accounts'); to consider the Remuneration Report, shown on pages 106 to 118 of the Annual Report and Accounts for the year ended 31 July 2022; to approve a final dividend for the year ended 31 July 2022 of 95p per ordinary share, as recommended by the directors, be declared; to consider Mr J Tutte be elected as a director of the Company; to consider Mr J M Honeyman be re-elected as a director of the Company; to consider Mr K D Adey be re-elected as a director of the Company; to consider Ms J Caseberry be re-elected as a director of the Company; and to transact such other business matters.
お知らせ • Oct 31Bellway p.l.c. Announces Director ChangesBellway p.l.c. announced that Denise Jagger, Senior Independent Non-Executive Director, will retire from the Board on 16th December 2022 after nine and a half years of service. Sarah Whitney, Non-Executive Director, will become Senior Independent Non-Executive Director.
Reported Earnings • Oct 20Full year 2022 earnings released: EPS: UK£1.97 (vs UK£3.17 in FY 2021)Full year 2022 results: EPS: UK£1.97 (down from UK£3.17 in FY 2021). Revenue: UK£3.54b (up 13% from FY 2021). Net income: UK£242.6m (down 38% from FY 2021). Profit margin: 6.9% (down from 13% in FY 2021). Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year.
お知らせ • Oct 18Bellway P.L.C. Recommends Final Dividend, Payable on 11 January 2023Bellway p.l.c. recommend a 15.2% increase in the final dividend to 95.0 pence per share (2021 - 82.5 pence, 2020 - 50.0 pence). This brings the total proposed dividend to 140.0 pence per share (2021 - 117.5p, 2020 - 50.0p), an increase of 19.1%. If approved, the overall dividend will be covered 3.0 times2,3 by underlying earnings (2021 - 3.0 times, 2020 - 4.1 times). The proposed final dividend, subject to shareholder approval, will be paid on 11 January 2023 to all ordinary shareholders on the Register of Members on 2 December 2022. The ex-dividend date is 1 December 2022. At the record date for the final dividend for the year ended 31 July 2021, shares were held by the Bellway Employee Share Trust (1992) (the 'Trust') on which dividends had been waived.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €18.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Consumer Durables industry in Germany. Total loss to shareholders of 45% over the past three years.
お知らせ • Aug 17Bellway p.l.c. Appoints Sarah Whitney as Independent Non-Executive Director, Effective from September 1, 2022Bellway p.l.c. announced the appointment of Sarah Whitney as an independent Non-Executive Director of the company with effect from September 1, 2022. Sarah will also be appointed as a member of the Audit, Nomination and Remuneration Committees. Sarah has significant senior executive experience in the property sector and is currently a non-executive director and Chair of the Audit and Management Engagement Committees at JP Morgan Global Growth & Income plc, Chair of the Supervisory Board of BBGI Global Infrastructure S.A., a non-executive director and member of the Audit and Management Engagement Committees of Tritax EuroBox plc and a trustee and Chair of the Investment Committee of The Canal & River Trust.
お知らせ • Jul 29+ 2 more updatesBellway p.l.c. to Report Fiscal Year 2023 Results on Oct 17, 2023Bellway p.l.c. announced that they will report fiscal year 2023 results on Oct 17, 2023
Board Change • May 31High number of new directorsNon-Executive Chairman John Tutte was the last director to join the board, commencing their role in 2022.
Upcoming Dividend • May 12Upcoming dividend of UK£0.45 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 01 July 2022. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.9%).
Board Change • Apr 27High number of new directorsNon-Executive Chairman John Tutte was the last director to join the board, commencing their role in 2022.
Reported Earnings • Mar 30First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down UK£229.2m from profit in 1H 2021). Profit margin: (down from 13% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 11%, compared to a 8.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 29Bellway p.l.c. Announces Interim DividendBellway p.l.c. announced The interim dividend has been increased to 45.0 pence per share (2021 - 35.0 pence, 2020 - nil), a rise of 28.6% and the Board anticipates that the dividend cover will be 3 times underlying earnings for the full financial year. The Board intends to reduce dividend cover to around 2.5 times underlying earnings by 31 July 2024, a prudent and sustainable level, supported by strong investment returns and enhanced cash generation, arising in part, from increased investment in land over the past 18 months.
Buying Opportunity • Mar 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be UK£43.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. Earnings per share has declined by 29% per annum over the last 3 years.
Buying Opportunity • Feb 25Now 26% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be UK£43.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. Earnings per share has declined by 29% per annum over the last 3 years.
Buying Opportunity • Feb 08Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be UK£42.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. Earnings per share has declined by 29% per annum over the last 3 years.
Board Change • Dec 06Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Ian McHoul was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Dec 01Group CEO & Executive Director recently bought €126k worth of stockOn the 29th of November, Jason Honeyman bought around 3k shares on-market at roughly €37.31 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Jason has been a net seller over the last 12 months, reducing personal holdings by €38k.
Upcoming Dividend • Nov 25Upcoming dividend of UK£0.82 per shareEligible shareholders must have bought the stock before 02 December 2021. Payment date: 12 January 2022. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.0%).
Recent Insider Transactions • Oct 24Group CEO & Executive Director recently sold €164k worth of stockOn the 22nd of October, Jason Honeyman sold around 4k shares on-market at roughly €37.66 per share. This was the largest sale by an insider in the last 3 months. This was Jason's only on-market trade for the last 12 months.
Reported Earnings • Oct 20Full year 2021 earnings released: EPS UK£3.17 (vs UK£1.57 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: UK£3.12b (up 40% from FY 2020). Net income: UK£390.7m (up 102% from FY 2020). Profit margin: 13% (up from 8.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
Upcoming Dividend • May 13Upcoming dividend of UK£0.35 per shareEligible shareholders must have bought the stock before 20 May 2021. Payment date: 01 July 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.3%).
Reported Earnings • Mar 25First half 2021 earnings released: EPS UK£1.86 (vs UK£1.94 in 1H 2020)The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: UK£1.72b (up 12% from 1H 2020). Net income: UK£229.2m (down 4.2% from 1H 2020). Profit margin: 13% (down from 16% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Is New 90 Day High Low • Mar 05New 90-day high: €36.00The company is up 8.0% from its price of €33.18 on 04 December 2020. The German market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Consumer Durables industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.94 per share.
お知らせ • Feb 10Bellway p.l.c. to Report First Half, 2021 Results on Mar 24, 2021Bellway p.l.c. announced that they will report first half, 2021 results on Mar 24, 2021
Analyst Estimate Surprise Post Earnings • Nov 16Revenue misses expectationsRevenue missed analyst estimates by 3.0%. Over the next year, revenue is forecast to grow 19%, compared to a 4.6% growth forecast for the Consumer Durables industry in Germany.
お知らせ • Nov 11Bellway p.l.c., Annual General Meeting, Dec 11, 2020Bellway p.l.c., Annual General Meeting, Dec 11, 2020, at 08:30 Coordinated Universal Time. Location: Woolsington House, Newcastle upon Tyne, NE13 8BF Woolsington United Kingdom
Recent Insider Transactions • Oct 30Independent Non-Executive Chairman recently bought €99k worth of stockOn the 28th of October, Paul Nigel Smith bought around 4k shares on-market at roughly €25.53 per share. This was the largest purchase by an insider in the last 3 months. Paul Nigel has been a buyer over the last 12 months, purchasing a net total of €185k worth in shares.
Reported Earnings • Oct 21Full year earnings released - EPS €1.57Over the last 12 months the company has reported total profits of UK£192.9m, down 64% from the prior year. Total revenue was UK£2.23b over the last 12 months, down 31% from the prior year. Profit margins were 8.7%, which is lower than the 17% margin from last year. The decrease in margin was driven by lower revenue.
Analyst Estimate Surprise Post Earnings • Oct 21Annual earnings released: Revenue misses expectationsAnnual revenue missed analyst estimates by 3.0% at UK£2.23b. Revenue is forecast to grow 18% over the next year, compared to a 4.0% growth forecast for the Consumer Durables industry in Germany.
Is New 90 Day High Low • Sep 22New 90-day low: €24.87The company is down 14% from its price of €28.84 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.24 per share.
お知らせ • Aug 12Bellway p.l.c. to Report Fiscal Year 2020 Results on Oct 20, 2020Bellway p.l.c. announced that they will report fiscal year 2020 results on Oct 20, 2020