- Bellway paid a dividend per share of 54.0p, surpassing the estimate of 50.3p.
- Revenue reached GBP 2.38 billion, exceeding the forecast of GBP 2.34 billion.
- Adjusted operating profit recorded at GBP 238.1 million, above the expected GBP 231.8 million.
- Adjusted pretax profit was GBP 226.1 million, surpassing the predicted GBP 216.3 million.
- Gross profit was slightly below expectations at GBP 361.2 million, compared to an estimate of GBP 371.7 million.
- Adjusted gross profit was higher than anticipated at GBP 381.1 million versus the GBP 375.5 million estimate.
- Total plots in the land bank stand at 95,292.
- The company opened 80 new sales outlets during the year and expects to open around 50 new sales outlets in the coming year.
- Bellway aims to maintain the average number of sales outlets at around 245 in the financial year 2025.
- A continuation of low adjusted gearing levels is expected by the end of the current financial year.
- Volume output is expected to be weighted towards the first half of the financial year to support cash generation and ongoing land investment.
- Bellway plans to increase timber frame usage to around 30% of housing output by 2030 via its new ‘Bellway Home Space’ facility.
- The company faced challenging operating conditions but delivered a resilient performance.
- Customer demand increased in the second half of the year due to easing mortgage interest rates, boosting reservations.
- The improving trading conditions and strong outlet openings contributed to a healthy increase in the year-end order book.
- Bellway is well-positioned for a significant increase in volume output in the financial year 2025.
- Analysts’ ratings suggest 12 buys, 4 holds, and no sells.
“`
A look at Bellway PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Bellway PLC appears to have a positive long-term outlook. With strong scores in Value, Dividend, Resilience, and Momentum, the company is positioned well across various factors that impact its overall performance. These scores indicate that Bellway PLC is considered to have favorable attributes in terms of its valuation, dividend-paying capability, ability to weather market challenges, and its growth potential.
Bellway PLC, a holding company known for building residential houses in the UK, is focused on constructing homes suitable for first-time buyers. Its operations in England, Wales, and Scotland primarily involve the development of two and three-bedroom semi-detached houses, apartments, and terraced houses. With its solid Smart Scores across key areas, Bellway PLC seems to be in a robust position for long-term growth and stability in the housing market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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