Estimating The Intrinsic Value Of Persimmon Plc (LON:PSN)
Jul 05
U.K. (FTSE) Consumer Durables Industry Analysis
UpdatedJul 20, 2024
DataAggregated Company Financials
Companies23
- 7D0.4%
- 3M15.0%
- 1Y24.9%
- YTD9.0%
Over the last 7 days, the Consumer Durables industry has risen 1.9%, driven by gains from Persimmon of 2.7%. This takes the industry's 12 month performance to a gain of 26%. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the U.K. Consumer Durables Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 20 Jul 2024 | UK£34.1b | UK£25.5b | UK£2.0b | 14.3x | 16.9x | 1.3x |
| Mon, 17 Jun 2024 | UK£32.7b | UK£25.6b | UK£2.0b | 13.7x | 16.1x | 1.3x |
| Wed, 15 May 2024 | UK£32.9b | UK£25.7b | UK£2.1b | 14.5x | 15.9x | 1.3x |
| Fri, 12 Apr 2024 | UK£29.9b | UK£25.8b | UK£2.1b | 13.3x | 14.2x | 1.2x |
| Sun, 10 Mar 2024 | UK£31.1b | UK£26.4b | UK£2.3b | 12.3x | 13.5x | 1.2x |
| Tue, 06 Feb 2024 | UK£31.4b | UK£28.1b | UK£2.9b | 11x | 10.7x | 1.1x |
| Thu, 04 Jan 2024 | UK£32.1b | UK£29.6b | UK£2.9b | 10x | 11.1x | 1.1x |
| Sat, 02 Dec 2023 | UK£29.9b | UK£29.6b | UK£2.9b | 8.9x | 10.4x | 1x |
| Mon, 30 Oct 2023 | UK£25.6b | UK£31.2b | UK£2.8b | 7.9x | 9.2x | 0.8x |
| Wed, 27 Sep 2023 | UK£28.9b | UK£31.4b | UK£2.7b | 9x | 10.8x | 0.9x |
| Fri, 25 Aug 2023 | UK£26.5b | UK£31.3b | UK£2.7b | 8.1x | 9.7x | 0.8x |
| Sun, 23 Jul 2023 | UK£29.1b | UK£32.2b | UK£3.0b | 9x | 9.5x | 0.9x |
| Tue, 20 Jun 2023 | UK£27.5b | UK£32.1b | UK£3.1b | 9.8x | 9x | 0.9x |
| Thu, 18 May 2023 | UK£30.8b | UK£32.2b | UK£3.0b | 10.1x | 10.2x | 1x |
| Sat, 15 Apr 2023 | UK£30.3b | UK£32.2b | UK£3.0b | 11.6x | 10x | 0.9x |
| Mon, 13 Mar 2023 | UK£28.7b | UK£31.7b | UK£3.1b | 11.1x | 9.4x | 0.9x |
| Wed, 08 Feb 2023 | UK£30.5b | UK£30.5b | UK£3.1b | 10.8x | 9.7x | 1x |
| Fri, 06 Jan 2023 | UK£28.3b | UK£30.4b | UK£3.1b | 9.9x | 9.1x | 0.9x |
| Sun, 04 Dec 2022 | UK£26.8b | UK£30.2b | UK£3.1b | 9.2x | 8.6x | 0.9x |
| Tue, 01 Nov 2022 | UK£24.8b | UK£31.0b | UK£3.1b | 7.7x | 8x | 0.8x |
| Thu, 29 Sep 2022 | UK£24.1b | UK£30.8b | UK£3.3b | 7.3x | 7.4x | 0.8x |
| Sat, 27 Aug 2022 | UK£28.4b | UK£29.4b | UK£3.5b | 8.4x | 8.1x | 1x |
| Mon, 25 Jul 2022 | UK£32.8b | UK£29.6b | UK£3.5b | 9.8x | 9.3x | 1.1x |
| Wed, 22 Jun 2022 | UK£30.8b | UK£29.5b | UK£3.5b | 9.6x | 8.7x | 1x |
| Fri, 20 May 2022 | UK£32.6b | UK£29.5b | UK£3.8b | 10x | 8.6x | 1.1x |
| Sun, 17 Apr 2022 | UK£34.6b | UK£29.5b | UK£3.8b | 9.9x | 9.1x | 1.2x |
| Tue, 15 Mar 2022 | UK£36.7b | UK£29.4b | UK£3.8b | 10.6x | 9.7x | 1.2x |
| Thu, 10 Feb 2022 | UK£40.2b | UK£29.7b | UK£3.6b | 12.7x | 11.1x | 1.4x |
| Sat, 08 Jan 2022 | UK£45.6b | UK£29.7b | UK£3.6b | 13.5x | 12.6x | 1.5x |
| Mon, 06 Dec 2021 | UK£44.5b | UK£29.4b | UK£3.6b | 13.3x | 12.5x | 1.5x |
| Wed, 03 Nov 2021 | UK£42.6b | UK£28.6b | UK£3.5b | 13.9x | 12.3x | 1.5x |
| Fri, 01 Oct 2021 | UK£43.6b | UK£27.9b | UK£3.3b | 14.2x | 13.4x | 1.6x |
| Sun, 29 Aug 2021 | UK£49.0b | UK£27.2b | UK£3.0b | 21.2x | 16.4x | 1.8x |
Price to Earnings Ratio
16.1x
Current Industry PE
- Investors are optimistic on the British Consumer Durables industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.9x which is higher than its 3-year average PE of 11.2x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Consumer Durables industry have declined 12% per year over the last three years,
- Revenues have also declined 2.1% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the U.K. Consumer Discretionary industry?
| GB Market | -1.19% | |
| Consumer Discretionary | -0.65% | |
| Consumer Durables | 0.43% | |
| Household Appliances | 9.13% | |
| Consumer Electronics | 1.77% | |
| Housewares and Specialties | 0.45% | |
| Homebuilding | 0.38% | |
| Home Furnishings | -3.22% | |
Industry PE
- Investors are most optimistic about the Homebuilding industry which is trading above its 3-year average PE ratio of 10.7x.
- Analysts are expecting annual earnings growth of 11.2%, which is higher than its past year's earnings decline of 21.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Consumer Electronics industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 40% per year.
- In contrast, the Home Furnishings industry is expected to see its earnings decline by 14% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BKG Berkeley Group Holdings | UK£49.24 | 1.5% +UK£78.2m | 13.5% | PE13.1x | |
| PSN Persimmon | UK£15.18 | 1.4% +UK£68.7m | 29.8% | PE19x | |
| BWY Bellway | UK£27.18 | 2.1% +UK£66.5m | 22.2% | PE14.7x | |
| CRN Cairn Homes | UK£1.61 | 2.9% +UK£28.9m | 68.1% | PE14.3x | |
| SRAD Stelrad Group | UK£1.32 | 9.1% +UK£14.0m | 4.4% | PE10.9x |
