Company Valuation: Bellway p.l.c.

Data adjusted to current consolidation scope
Fiscal Period: July 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,049 3,012 2,664 3,401 2,963 2,079 - -
Change - -25.6% -11.55% 27.64% -12.87% -29.83% - -
Enterprise Value (EV) 1 3,719 2,767 2,432 3,411 2,921 2,110 2,039 1,953
Change - -25.59% -12.1% 40.24% -14.37% -27.76% -3.35% -4.22%
P/E ratio 10.4x 12.5x 7.48x 26.3x 18.9x 10.1x 8.94x 7.67x
PBR 1.23x 0.9x 0.77x 0.98x 0.83x 0.58x 0.56x 0.54x
PEG - -0.3x 0.1x -0.4x 0.9x 0.3x 0.7x 0.5x
Capitalization / Revenue 1.3x 0.85x 0.78x 1.43x 1.06x 0.68x 0.65x 0.62x
EV / Revenue 1.19x 0.78x 0.71x 1.43x 1.05x 0.69x 0.64x 0.59x
EV / EBITDA 6.91x 4.2x 4.42x 14x 9.45x 6.43x 5.78x 4.9x
EV / EBIT 7x 4.24x 4.47x 14.3x 9.62x 6.5x 5.88x 4.97x
EV / FCF 8.66x 24.3x 10.4x -51x 13.9x 20.4x 9.66x 8.26x
FCF Yield 11.5% 4.12% 9.6% -1.96% 7.19% 4.9% 10.3% 12.1%
Dividend per Share 2 1.175 1.4 1.4 0.54 0.7 0.7503 0.8239 0.9635
Rate of return 3.58% 5.72% 6.32% 1.88% 2.81% 4.14% 4.55% 5.32%
EPS 2 3.158 1.962 2.963 1.09 1.318 1.793 2.026 2.363
Distribution rate 37.2% 71.4% 47.2% 49.5% 53.1% 41.9% 40.7% 40.8%
Net sales 1 3,122 3,537 3,407 2,380 2,783 3,065 3,176 3,337
EBITDA 1 538 659.3 549.9 243.2 309 328.3 352.6 398.7
EBIT 1 531.5 653.2 543.9 238.1 303.5 324.8 346.8 393.2
Net income 1 390.7 242.6 365 130.5 157.5 210.5 225.4 259.2
Net Debt 1 -330.3 -245.3 -232 10.5 -41.8 30.9 -39.72 -125.9
Reference price 2 32.82 24.46 22.16 28.66 24.90 18.11 18.11 18.11
Nbr of stocks (in thousands) 123,366 123,152 120,231 118,654 118,989 114,804 - -
Announcement Date 19/10/21 18/10/22 17/10/23 15/10/24 14/10/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.1x0.69x6.43x4.14% 2.78B
12.73x1.21x9.32x1.33% 38.2B
11.08x1.27x7.63x0.91% 21.15B
9.4x0.89x7.51x3.85% 17.68B
9.64x0.8x8.56x4.32% 13.86B
9.78x1.22x7.16x0.82% 11.76B
13.08x0.71x5.54x3.48% 5.83B
10.48x0.91x7.93x-.--% 5.16B
8.31x0.78x9.92x3.95% 4.86B
9.56x0.49x4.72x6.02% 4.53B
Average 10.42x 0.90x 7.47x 2.88% 12.58B
Weighted average by Cap. 10.95x 1.04x 8.06x 2.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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