Bellway p.l.c., together with its subsidiaries, engages in the home building business in the United Kingdom.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£34.40|
|52 Week High||UK£20.59|
|52 Week Low||UK£37.56|
|1 Month Change||1.03%|
|3 Month Change||2.11%|
|1 Year Change||49.31%|
|3 Year Change||15.55%|
|5 Year Change||43.33%|
|Change since IPO||1,183.58%|
Recent News & Updates
Returns On Capital Signal Tricky Times Ahead For Bellway (LON:BWY)
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Calculating The Fair Value Of Bellway p.l.c. (LON:BWY)
Does the August share price for Bellway p.l.c. ( LON:BWY ) reflect what it's really worth? Today, we will estimate the...
Is There Now An Opportunity In Bellway p.l.c. (LON:BWY)?
Bellway p.l.c. ( LON:BWY ), is not the largest company out there, but it received a lot of attention from a substantial...
Be Wary Of Bellway (LON:BWY) And Its Returns On Capital
What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
A Look At The Fair Value Of Bellway p.l.c. (LON:BWY)
Today we will run through one way of estimating the intrinsic value of Bellway p.l.c. ( LON:BWY ) by projecting its...
|BWY||GB Consumer Durables||GB Market|
Return vs Industry: BWY exceeded the UK Consumer Durables industry which returned 36% over the past year.
Return vs Market: BWY exceeded the UK Market which returned 19.4% over the past year.
Stable Share Price: BWY is less volatile than 75% 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
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|
Is BWY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BWY income statement (TTM)|
|Cost of Revenue||UK£1.99b|
Last Reported Earnings
Jan 31, 2021
Next Earnings Date
Oct 19, 2021
|Earnings per share (EPS)||1.48|
|Net Profit Margin||7.60%|
How did BWY perform over the long term?See historical performance and comparison
2.0%Current Dividend Yield
Is Bellway undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BWY (£34.4) is trading above our estimate of fair value (£30.59)
Significantly Below Fair Value: BWY is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BWY is poor value based on its PE Ratio (23.2x) compared to the UK Consumer Durables industry average (16.1x).
PE vs Market: BWY is good value based on its PE Ratio (23.2x) compared to the UK market (23.8x).
Price to Earnings Growth Ratio
PEG Ratio: BWY is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: BWY is good value based on its PB Ratio (1.3x) compared to the GB Consumer Durables industry average (1.6x).
How is Bellway forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BWY's forecast earnings growth (12% per year) is above the savings rate (0.9%).
Earnings vs Market: BWY's earnings (12% per year) are forecast to grow slower than the UK market (13.3% per year).
High Growth Earnings: BWY's earnings are forecast to grow, but not significantly.
Revenue vs Market: BWY's revenue (5.8% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: BWY's revenue (5.8% 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 (12.6%).
How has Bellway performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BWY has a large one-off loss of £85.0M impacting its January 31 2021 financial results.
Growing Profit Margin: BWY's current net profit margins (7.6%) are lower than last year (16%).
Past Earnings Growth Analysis
Earnings Trend: BWY's earnings have declined by 4.3% per year over the past 5 years.
Accelerating Growth: BWY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BWY had negative earnings growth (-64.9%) over the past year, making it difficult to compare to the Consumer Durables industry average (5.5%).
Return on Equity
High ROE: BWY's Return on Equity (5.8%) is considered low.
How is Bellway's financial position?
Financial Position Analysis
Short Term Liabilities: BWY's short term assets (£4.1B) exceed its short term liabilities (£955.7M).
Long Term Liabilities: BWY's short term assets (£4.1B) exceed its long term liabilities (£93.7M).
Debt to Equity History and Analysis
Debt Level: BWY is debt free.
Reducing Debt: BWY has no debt compared to 5 years ago when its debt to equity ratio was 5.8%.
Debt Coverage: BWY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: BWY has no debt, therefore coverage of interest payments is not a concern.
What is Bellway current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BWY's dividend (2.03%) is higher than the bottom 25% of dividend payers in the UK market (1.32%).
High Dividend: BWY's dividend (2.03%) is low compared to the top 25% of dividend payers in the UK market (3.94%).
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 reasonable payout ratio (57.3%), BWY's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BWY's dividends in 3 years are forecast to be well covered by earnings (34.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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 ($USD1.50M) is below average for companies of similar size in the UK market ($USD2.21M).
Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.
Experienced Management: BWY's management team is seasoned and experienced (5.6 years average tenure).
Experienced Board: BWY's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Bellway p.l.c.'s employee growth, exchange listings and data sources
- Name: Bellway p.l.c.
- Ticker: BWY
- Exchange: LSE
- Founded: 1978
- Industry: Homebuilding
- Sector: Consumer Durables
- Market Cap: UK£4.244b
- Shares outstanding: 123.37m
- Website: https://www.bellwayplc.co.uk
Number of Employees
- Bellway p.l.c.
- Woolsington House
- Newcastle upon Tyne
- Tyne and Wear
- NE13 8BF
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/17 22:26|
|End of Day Share Price||2021/09/17 00:00|
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.