Reported Earnings • Aug 09
First half 2026 earnings released: EPS: UK£0.37 (vs UK£0.31 in 1H 2025) First half 2026 results: EPS: UK£0.37 (up from UK£0.31 in 1H 2025). Revenue: UK£1.73b (up 15% from 1H 2025). Net income: UK£119.8m (up 20% from 1H 2025). Profit margin: 6.9% (up from 6.7% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 1% per year. Tillkännagivande • Aug 08
Persimmon plc Updates Production Guidance for the Full Year of 2026 Persimmon plc updated production guidance for the full year of 2026. For the year, The company expects to deliver around 12,500 completions for the full year, at the upper end of previous guidance. Tillkännagivande • Aug 07
Persimmon Plc Declares Interim Dividend for 2026, Payable on November 6, 2026 Persimmon Plc has declared an interim 2026 dividend of 20 pence per share, which will be payable on 6 November 2026, to shareholders on the register on 16 October 2026. Upcoming Dividend • Jun 11
Upcoming dividend of UK£0.40 per share Eligible shareholders must have bought the stock before 18 June 2026. Payment date: 10 July 2026. Payout ratio is a comfortable 67% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of British dividend payers (5.7%). In line with average of industry peers (5.6%). Board Change • May 21
High number of new directors Independent Non-Executive Director Anand Aithal was the last director to join the board, commencing their role in 2025. Tillkännagivande • Mar 24
Persimmon Plc, Annual General Meeting, Apr 30, 2026 Persimmon Plc, Annual General Meeting, Apr 30, 2026. Location: york racecourse, knavesmire road, york, yo23 1ex, United Kingdom Tillkännagivande • Mar 12
Persimmon Plc Provides Production Guidance for the Full Year of 2025 Persimmon Plc provides production guidance for the full year of 2025. For the period, the company based on the progress in forward order book and an anticipated increase in the delivery of affordable homes, the company targeting 11,000-11,500 completions in 2025. Tillkännagivande • Jan 16
Greykite European Real Estate Fund I, Scsp, managed by Greykite Investment Adviser Limited and Gatehouse Investment Management Limited acquired Portfolio of purpose-built single-family rental (SFR) homes from Persimmon Plc (LSE:PSN) for £60 million. Greykite European Real Estate Fund I, Scsp, managed by Greykite Investment Adviser Limited and Gatehouse Investment Management Limited acquired Portfolio of purpose-built single-family rental (SFR) homes from Persimmon Plc (LSE:PSN) for £60 million on January 15, 2025. A cash consideration of £60 million will be paid by Gatehouse Investment Management Limited, GREYKITE European Real Estate Fund and Greykite Investment Adviser Limited. As part of consideration, £60 million is paid towards assets of Portfolio of purpose-built single-family rental (SFR) homes. The acquisition includes the six-site portfolio totals more than 200 homes in strategic locations across the Midlands and South-West of England. The portfolio will be property managed by Ascend.
Greykite European Real Estate Fund I, Scsp, managed by Greykite Investment Adviser Limited and Gatehouse Investment Management Limited completed the acquisition of Portfolio of purpose-built single-family rental (SFR) homes from Persimmon Plc (LSE:PSN) on January 15, 2025. Tillkännagivande • Dec 12
Persimmon Plc, Annual General Meeting, May 01, 2025 Persimmon Plc, Annual General Meeting, May 01, 2025. Tillkännagivande • Dec 11
Persimmon Plc Announces Board Changes Persimmon Plc announce that Anand Aithal will join the Board as an Independent Non-Executive Director with effect from 1 January 2025. Anand will also join the Remuneration and Nomination Committees from the date he joins the Board. In addition, Nigel Mills has notified the Board of his intention to step down from the Board and as Senior Independent Director, at Persimmon's Annual General Meeting on 1 May 2025, after nine years of service. Annemarie Durbin, currently Independent Non-Executive Director and Chair of the Remuneration Committee, will be appointed as Senior Independent Director with effect from 1 May 2025 after Nigel retires. Anand has extensive board experience, currently holding Non-Executive Director roles at Saga Plc, Polar Capital Holdings Plc and Nationwide Building Society. He also serves on not-for-profit boards at the Association of Chartered Certified Accountants and the Institute for Government. Until very recently, Anand was the lead Non-Executive for the Cabinet Office. Anand has over thirty years of experience in financial, business and professional services and co-founded Amba Research, an outsourced data analytics and research business. Tillkännagivande • Oct 25
Persimmon plc Appoints Iain Mcpherson as Its New UK Managing Director On October 24, 2024, Persimmon Plc has named Iain McPherson as its new UK managing director. McPherson will take up the role in January. He will join from Sage Homes, where he currently serves as chief operating officer. Prior to his role at Sage he was chief executive of Countryside and managing director at Crest Nicholson. In his new role, McPherson will work with Persimmon’s team of regional chairs to continue to drive customer service improvements and business growth plans. The appointment follows Paul Hurst’s retirement at the end of this year after 28 years. Tillkännagivande • Jul 23
Persimmon plc Announces Board Changes Persimmon Plc announced appointment of Paula Bell as an Independent Non-Executive Director with effect from 1 September 2024. Paula will be appointed as Chair of the Audit & Risk Committee on 1 October 2024. Paula has extensive board experience both as an Executive and Non-Executive Director of large UK publicly listed organisations. Since 2016, Paula has held the position of Chief Financial & Operations Officer of Spirent Communications Plc, where shareholders recently approved a recommend offer from a strategic buyer. Paula has been a Non-Executive Director and Chair of the Audit and Risk Committee at Keller Group Plc since 2018 and was previously a Non-Executive Director and Chair of the Audit Committee at Laird Plc from 2013 to 2018. Prior to Spirent, Paula was Chief Financial Officer at John Menzies Plc and Group Financial Director at Ricardo Plc, as well as holding senior finance roles at BAA Plc, AWG Plc and Rolls Royce Group Plc. Paula has wide sector experience including construction, property and manufacturing environments. Shirine Khoury-Haq has notified the Board of her intention to step down as an Independent Non-Executive Director of the Company to focus on her role as Group Chief Executive at The Co-operative Group, with effect from 30 September 2024. Tillkännagivande • May 29
Persimmon Reportedly Eyes Cala Persimmon Plc (LSE:PSN) is considering making a GBP-1-billion (USD 1.28 billion/EUR 1.18 billion) takeover offer for local rival Cala Group (CALA Group (Holdings) Limited), which is owned by insurance and financial services provider Legal & General Group Plc (LON:LGEN), Sky News reported citing sources. The deadline for submitting bids is allegedly this week. According to insiders, cited by the media, Persimmon stands a big chance of winning the auction for Cala, whose homes have a considerably higher average sale price compared to those of Persimmon. Other potential bidders include local homebuilders Taylor Wimpey plc (LSE:TW.) and Avant Homes, according to analysts quoted by the media. Tillkännagivande • Apr 30
Shirine Khoury-Haq Steps Down as an Independent Non-Executive Director of Persimmon Plc with Effect from 30 September 2024 Persimmon Plc announced that Shirine Khoury-Haq has notified the Board of her intention to step down as an Independent Non-Executive Director of the Company, with effect from 30 September 2024, to focus on her role as Group Chief Executive at The Co-operative Group. The Board has initiated a process to appoint a new Independent Non-Executive Director and Chair of the Audit & Risk Committee. New Risk • Apr 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.2% net profit margin). Tillkännagivande • Mar 14
Persimmon Plc Proposes Final Dividend for the Year 2023, Payable on 12 July 2024 Persimmon Plc announced that the Board proposes a final dividend of GBP 40 per share to be paid on 12 July 2024 to shareholders on the register on 21 June 2024, following shareholder approval at the AGM. Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: UK£0.80 (vs UK£1.76 in FY 2022) Full year 2023 results: EPS: UK£0.80 (down from UK£1.76 in FY 2022). Revenue: UK£2.77b (down 27% from FY 2022). Net income: UK£255.4m (down 55% from FY 2022). Profit margin: 9.2% (down from 15% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 24% per year. Tillkännagivande • Jan 18
Persimmon Announces Executive Appointments Persimmon announced that Andy Hill was appointed to head up Persimmon Homes Cornwall and West Devon this month, taking the reins following a period as acting MD. He had joined Persimmon as regional production director for Wales and the South West in 2022, after moving from Tilia Homes, where he was a regional construction and SHEA director. As managing director of the Cornwall and West Devon business, he will be overseeing operations across the region, including live sites in Newquay, Truro, Helston, Falmouth, Liskeard, Okehampton and Plymouth. Tillkännagivande • Jan 11
Persimmon Plc, Annual General Meeting, Apr 25, 2024 Persimmon Plc, Annual General Meeting, Apr 25, 2024. Tillkännagivande • Jan 10
Persimmon Plc to Report Q2, 2024 Results on Aug 08, 2024 Persimmon Plc announced that they will report Q2, 2024 results on Aug 08, 2024 Upcoming Dividend • Oct 05
Upcoming dividend of UK£0.20 per share at 4.0% yield Eligible shareholders must have bought the stock before 12 October 2023. Payment date: 03 November 2023. Payout ratio is on the higher end at 77%, and the cash payout ratio is above 100%. Trailing yield: 4.0%. Lower than top quartile of British dividend payers (6.5%). Lower than average of industry peers (6.0%). Tillkännagivande • Sep 18
Persimmon Plc(LSE:PSN) dropped from FTSE 100 Index Persimmon Plc(LSE:PSN) dropped from FTSE 100 Index Reported Earnings • Aug 11
First half 2023 earnings released: EPS: UK£0.34 (vs UK£1.07 in 1H 2022) First half 2023 results: EPS: UK£0.34 (down from UK£1.07 in 1H 2022). Revenue: UK£1.19b (down 30% from 1H 2022). Net income: UK£109.7m (down 68% from 1H 2022). Profit margin: 9.2% (down from 20% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Jul 28
Jason Windsor, Chief Financial Officer Leaves Persimmon Plc, Jason Remains in His Role Until 1 September 2023 Jason Windsor, Chief Financial Officer, has informed the Board he will be leaving Persimmon Plc to become Chief Financial Officer at abrdn plc. Jason will remain in his role until 1 September 2023. Dean Finch, Group Chief Executive, will then assume interim responsibility for the finance function, supported by Mike Smith, Group Financial Controller. The Board is initiating a process to appoint a new Chief Financial Officer and will provide an update in due course. Upcoming Dividend • Apr 06
Upcoming dividend of UK£0.60 per share at 4.9% yield Eligible shareholders must have bought the stock before 13 April 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (5.7%). Reported Earnings • Mar 02
Full year 2022 earnings released Full year 2022 results: Revenue: UK£3.82b (up 5.7% from FY 2021). Net income: UK£561.0m (down 29% from FY 2021). Profit margin: 15% (down from 22% in FY 2021). Revenue is expected to fall by 7.3% p.a. on average during the next 3 years compared to a 1.3% decline forecast for the Consumer Durables industry in the United Kingdom. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shirine Khoury-Haq was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Nov 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be UK£15.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.8%. For the next 3 years, revenue is forecast to decline by 3.3% per annum. Earnings is also forecast to decline by 9.3% per annum over the same time period. Recent Insider Transactions • Oct 14
Chairman of the Board recently bought UK£253k worth of stock On the 6th of October, Roger Devlin bought around 20k shares on-market at roughly UK£12.64 per share. This transaction increased Roger's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Roger's only on-market trade for the last 12 months. Reported Earnings • Aug 18
First half 2022 earnings released: EPS: UK£1.07 (vs UK£1.23 in 1H 2021) First half 2022 results: EPS: UK£1.07 (down from UK£1.23 in 1H 2021). Revenue: UK£1.69b (down 8.3% from 1H 2021). Net income: UK£339.8m (down 13% from 1H 2021). Profit margin: 20% (down from 21% in 1H 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 11%, compared to a 13% growth forecast for the Consumer Durables industry in the United Kingdom. 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 3% per year. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to UK£18.54, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 20% over the past three years. Upcoming Dividend • Jun 09
Upcoming dividend of UK£1.10 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 08 July 2022. Trailing yield: 11%. Within top quartile of British dividend payers (4.8%). Higher than average of industry peers (7.2%). Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shirine Khoury-Haq was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: UK£2.47 (up from UK£2.00 in FY 2020). Revenue: UK£3.61b (up 8.5% from FY 2020). Net income: UK£787.2m (up 23% from FY 2020). Profit margin: 22% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.8%, compared to a 7.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jan 20
Independent Non-Executive Director recently bought UK£100k worth of stock On the 18th of January, Joanna Place bought around 4k shares on-market at roughly UK£25.59 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£130k more in shares than they have sold in the last 12 months. Executive Departure • Sep 03
Independent Non-Executive Director Rachel Kentleton has left the company On the 31st of August, Rachel Kentleton's tenure as Independent Non-Executive Director ended after 6.2 years in the role. As of June 2021, Rachel still personally held 3.93k shares (UK£117k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 15.42 years. Reported Earnings • Aug 22
First half 2021 earnings released: EPS UK£1.23 (vs UK£0.75 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£1.84b (up 55% from 1H 2020). Net income: UK£391.2m (up 65% from 1H 2020). Profit margin: 21% (up from 20% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Aug 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shirine Khoury-Haq was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 31
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Shirine Khoury-Haq was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jul 16
Upcoming dividend of UK£1.10 per share Eligible shareholders must have bought the stock before 22 July 2021. Payment date: 13 August 2021. Trailing yield: 7.8%. Within top quartile of British dividend payers (4.0%). Higher than average of industry peers (3.7%). Reported Earnings • Mar 28
Full year 2020 earnings released: EPS UK£2.00 (vs UK£2.67 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£3.33b (down 8.8% from FY 2019). Net income: UK£638.4m (down 25% from FY 2019). Profit margin: 19% (down from 23% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 04
New 90-day high: UK£29.23 The company is up 1.0% from its price of UK£28.95 on 04 December 2020. The British 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 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£32.36 per share. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS UK£2.00 (vs UK£2.67 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£3.33b (down 8.8% from FY 2019). Net income: UK£638.4m (down 25% from FY 2019). Profit margin: 19% (down from 23% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue beats expectations Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 5.9%, compared to a 25% growth forecast for the Consumer Durables industry in the United Kingdom. Recent Insider Transactions • Jan 20
Group Chief Executive & Director recently bought UK£50k worth of stock On the 18th of January, Dean Finch bought around 2k shares on-market at roughly UK£27.18 per share. This was the largest purchase by an insider in the last 3 months. This was Dean's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to UK£24.56, the stock is trading at a trailing P/E ratio of 11.6x, down from the previous P/E ratio of 13.7x. This compares to an average P/E of 18x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders over the past three years are 19%. 
