| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
BWY Overview
Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom.
Bellway Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£32.11 |
| 52 Week High | UK£22.45 |
| 52 Week Low | UK£37.56 |
| Beta | 1.45 |
| 1 Month Change | -5.78% |
| 3 Month Change | -1.68% |
| 1 Year Change | 29.84% |
| 3 Year Change | 15.59% |
| 5 Year Change | 35.71% |
| Change since IPO | 1,098.13% |
Recent News & Updates
Should You Investigate Bellway p.l.c. (LON:BWY) At UK£32.18?
While Bellway p.l.c. ( LON:BWY ) might not be the most widely known stock at the moment, it received a lot of attention...
Bellway's (LON:BWY) Upcoming Dividend Will Be Larger Than Last Year's
Bellway p.l.c. ( LON:BWY ) has announced that it will be increasing its dividend on the 12th of January to UK£0.82...
Returns On Capital Signal Tricky Times Ahead For Bellway (LON:BWY)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Shareholder Returns
| BWY | GB Consumer Durables | GB Market | |
|---|---|---|---|
| 7D | -4.2% | -2.6% | 0.2% |
| 1Y | 29.8% | 23.1% | 24.7% |
Return vs Industry: BWY exceeded the UK Consumer Durables industry which returned 19.5% over the past year.
Return vs Market: BWY exceeded the UK Market which returned 23.2% over the past year.
Price Volatility
| BWY volatility | |
|---|---|
| BWY Beta | 1.45 |
| Industry Beta | 1.56 |
| Market Beta | 1 |
Stable Share Price: BWY is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BWY's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1978 | 2,889 | Jason Honeyman | https://www.bellwayplc.co.uk |
Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom. The company builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway and Ashberry brands.
Bellway Fundamentals Summary
| BWY fundamental statistics | |
|---|---|
| Market Cap | UK£3.96b |
| Earnings (TTM) | UK£390.70m |
| Revenue (TTM) | UK£3.12b |
10.1x
P/E Ratio1.3x
P/S RatioIs BWY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| BWY income statement (TTM) | |
|---|---|
| Revenue | UK£3.12b |
| Cost of Revenue | UK£2.47b |
| Gross Profit | UK£652.30m |
| Expenses | UK£261.60m |
| Earnings | UK£390.70m |
Last Reported Earnings
Jul 31, 2021
Next Earnings Date
Mar 29, 2022
| Earnings per share (EPS) | 3.17 |
| Gross Margin | 20.89% |
| Net Profit Margin | 12.51% |
| Debt/Equity Ratio | 4.0% |
How did BWY perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield37%
Payout RatioDoes BWY pay a reliable dividends?
See BWY dividend history and benchmarks| Bellway dividend dates | |
|---|---|
| Ex Dividend Date | Dec 02 2021 |
| Dividend Pay Date | Jan 12 2022 |
| Days until Ex dividend | 37 days |
| Days until Dividend pay date | 78 days |
Does BWY pay a reliable dividends?
See BWY dividend history and benchmarksValuation
Is Bellway undervalued compared to its fair value and its price relative to the market?
18.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BWY (£32.11) is trading below our estimate of fair value (£39.33)
Significantly Below Fair Value: BWY is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BWY is good value based on its PE Ratio (10.1x) compared to the UK Consumer Durables industry average (13x).
PE vs Market: BWY is good value based on its PE Ratio (10.1x) compared to the UK market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: BWY is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: BWY is good value based on its PB Ratio (1.2x) compared to the GB Consumer Durables industry average (1.3x).
Future Growth
How is Bellway forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
9.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BWY's forecast earnings growth (9.1% per year) is above the savings rate (0.9%).
Earnings vs Market: BWY's earnings (9.1% per year) are forecast to grow slower than the UK market (12.8% per year).
High Growth Earnings: BWY's earnings are forecast to grow, but not significantly.
Revenue vs Market: BWY's revenue (5.6% per year) is forecast to grow faster than the UK market (5% per year).
High Growth Revenue: BWY's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BWY's Return on Equity is forecast to be low in 3 years time (12.4%).
Past Performance
How has Bellway performed over the past 5 years?
-8.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BWY has high quality earnings.
Growing Profit Margin: BWY's current net profit margins (12.5%) are higher than last year (8.7%).
Past Earnings Growth Analysis
Earnings Trend: BWY's earnings have declined by 8.3% per year over the past 5 years.
Accelerating Growth: BWY's earnings growth over the past year (102.5%) exceeds its 5-year average (-8.3% per year).
Earnings vs Industry: BWY earnings growth over the past year (102.5%) exceeded the Consumer Durables industry 50.7%.
Return on Equity
High ROE: BWY's Return on Equity (11.9%) is considered low.
Financial Health
How is Bellway's financial position?
Financial Position Analysis
Short Term Liabilities: BWY's short term assets (£4.6B) exceed its short term liabilities (£1.1B).
Long Term Liabilities: BWY's short term assets (£4.6B) exceed its long term liabilities (£316.9M).
Debt to Equity History and Analysis
Debt Level: BWY's debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: BWY's debt to equity ratio has increased from 1.8% to 4% over the past 5 years.
Debt Coverage: BWY's debt is well covered by operating cash flow (332.7%).
Interest Coverage: BWY's interest payments on its debt are well covered by EBIT (47.9x coverage).
Balance Sheet
Dividend
What is Bellway current dividend yield, its reliability and sustainability?
3.66%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: BWY's dividend (3.66%) is higher than the bottom 25% of dividend payers in the UK market (1.4%).
High Dividend: BWY's dividend (3.66%) is low compared to the top 25% of dividend payers in the UK market (4.06%).
Stability and Growth of Payments
Stable Dividend: BWY's dividend payments have been volatile in the past 10 years.
Growing Dividend: BWY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.1%), BWY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BWY's dividends in 3 years are forecast to be well covered by earnings (35.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average management tenure
CEO
Jason Honeyman
3.17yrs
Tenure
UK£1,090,665
Compensation
Mr. Jason M. Honeyman has been Group Chief Executive Officer of Bellway p.l.c. since August 1, 2018 and its Executive Director since September 1, 2017. Mr. Honeyman was the Chief Operating Officer of Bellw...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD1.50M) is below average for companies of similar size in the UK market ($USD2.22M).
Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BWY's management team is seasoned and experienced (5.7 years average tenure).
Board Members
Experienced Board: BWY's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BWY insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Bellway p.l.c.'s employee growth, exchange listings and data sources
Key Information
- Name: Bellway p.l.c.
- Ticker: BWY
- Exchange: LSE
- Founded: 1978
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: UK£3.962b
- Shares outstanding: 123.39m
- Website: https://www.bellwayplc.co.uk
Number of Employees
Location
- Bellway p.l.c.
- Woolsington House
- Woolsington
- Newcastle upon Tyne
- Tyne and Wear
- NE13 8BF
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/25 21:34 |
| End of Day Share Price | 2021/10/25 00:00 |
| Earnings | 2021/07/31 |
| Annual Earnings | 2021/07/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.