Balance Sheet Persimmon Plc

Equities

PSN

GB0006825383

Homebuilding

Market Closed - London S.E. Other stock markets 16:35:16 17/09/2024 BST			5-day change	1st Jan Change
1,676.50 ^GBX	+1.36%		+4.13%	+20.70%

09-16	Dollar softens as market weighs Fed rate options	AN
09-16	Legal & General to Soon Announce Buyer for Unit Cala Group	MT

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Published financial data: PERSIMMON PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	3.65B	3.33B	3.61B	3.82B	2.77B
Total Revenues	3.65B	3.33B	3.61B	3.82B	2.77B
Cost of Goods Sold, Total	2.52B	2.43B	2.53B	2.95B	1.98B
Gross Profit	1.13B	894M	1.08B	868M	795M
Selling General & Admin Expenses, Total	107M	115M	129M	150M	174M
Other Operating Expenses	-6.8M	-5.4M	-4.2M	-5M	-4.4M
Other Operating Expenses, Total	101M	109M	125M	145M	170M
Operating Income	1.03B	785M	959M	722M	625M
Interest Expense, Total	-9.1M	-8.6M	-3.6M	-4.1M	-14.8M
Interest And Investment Income	17.8M	7.2M	9.2M	7.1M	12.3M
Net Interest Expenses	8.7M	-1.4M	5.6M	3M	-2.5M
EBT, Excl. Unusual Items	1.04B	784M	965M	725M	623M
Gain (Loss) On Sale Of Assets	2M	-	2.2M	5.3M	4.2M
Other Unusual Items	-	-	-	-	-275M
EBT, Incl. Unusual Items	1.04B	784M	967M	731M	352M
Income Tax Expense	192M	145M	180M	170M	96.4M
Earnings From Continuing Operations	849M	638M	787M	561M	255M
Net Income to Company	849M	638M	787M	561M	255M
Net Income - (IS)	849M	638M	787M	561M	255M
Net Income to Common Incl Extra Items	849M	638M	787M	561M	255M
Net Income to Common Excl. Extra Items	849M	638M	787M	561M	255M
Per Share Items
Net EPS - Basic	2.67	2	2.47	1.76	0.8
Basic EPS - Continuing Operations	2.67	2	2.47	1.76	0.8
Basic Weighted Average Shares Outstanding	318M	319M	319M	319M	319M
Net EPS - Diluted	2.66	2	2.46	1.74	0.8
Diluted EPS - Continuing Operations	2.66	2	2.46	1.74	0.8
Diluted Weighted Average Shares Outstanding	319M	320M	320M	322M	321M
Normalized Basic EPS	2.04	1.54	1.89	1.42	1.22
Normalized Diluted EPS	2.04	1.53	1.88	1.41	1.21
Dividend Per Share	1.1	2.35	2.35	0.6	0.6
Payout Ratio	88.1	54.93	95.22	133.71	100
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	1.04B	799M	974M	738M	644M
EBITA	1.03B	785M	959M	722M	625M
EBIT	1.03B	785M	959M	722M	625M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	18.45	18.55	18.58	23.22	27.4
Current Domestic Taxes	188M	142M	173M	165M	94M
Total Current Taxes	188M	142M	173M	165M	94M
Deferred Domestic Taxes	3.5M	3.3M	6.7M	5M	2.4M
Total Deferred Taxes	3.5M	3.3M	6.7M	5M	2.4M
Normalized Net Income	649M	490M	603M	453M	389M
Non-Cash Pension Expense	-1.8M	-600K	-100K	-2.2M	-6.8M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Stock-Based Comp., Other (Total)	3.7M	6.4M	6.4M	9M	4.5M
Total Stock-Based Compensation	3.7M	6.4M	6.4M	9M	4.5M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	844M	1.23B	1.25B	862M	420M
Total Cash And Short Term Investments	844M	1.23B	1.25B	862M	420M
Accounts Receivable, Total	50M	67.2M	97.8M	161M	159M
Other Receivables	11.9M	35.6M	47.4M	39.7M	-
Total Receivables	61.9M	103M	145M	200M	159M
Inventory	3.16B	2.9B	2.92B	3.46B	3.7B
Prepaid Expenses	6M	6.6M	10M	21.6M	27.9M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	4.07B	4.24B	4.32B	4.55B	4.31B
Gross Property Plant And Equipment	178M	196M	206M	235M	265M
Accumulated Depreciation	-96.2M	-105M	-107M	-116M	-124M
Net Property Plant And Equipment	82M	90.4M	99M	119M	140M
Long-term Investments	2.1M	2.1M	300K	300K	1M
Goodwill	126M	122M	116M	113M	105M
Other Intangibles, Total	60M	60M	60M	60M	60M
Accounts Receivable Long-Term	59.2M	41.7M	35.7M	29.1M	27.2M
Deferred Tax Assets Long-Term	6.6M	7.7M	9.7M	10.5M	11.5M
Other Long-Term Assets, Total	84.7M	54.6M	149M	156M	134M
Total Assets	4.49B	4.62B	4.79B	5.03B	4.79B
Liabilities
Accounts Payable, Total	224M	206M	227M	369M	313M
Accrued Expenses, Total	372M	331M	288M	256M	238M
Current Income Taxes Payable	79M	-	-	-	100K
Unearned Revenue Current, Total	4M	47.8M	25.8M	-	-
Other Current Liabilities	318M	290M	344M	467M	398M
Total Current Liabilities	996M	875M	885M	1.09B	949M
Long-Term Leases	8.9M	9.6M	8.8M	10.9M	12.9M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	25.2M	22.9M	54.6M	72.1M	64.9M
Other Non Current Liabilities	201M	198M	218M	420M	343M
Total Liabilities	1.23B	1.1B	1.17B	1.59B	1.37B
Common Stock, Total	31.9M	31.9M	31.9M	31.9M	31.9M
Additional Paid In Capital	19.2M	22.3M	24.9M	25.6M	25.6M
Retained Earnings	2.69B	2.95B	3.06B	2.87B	2.85B
Comprehensive Income and Other	513M	513M	513M	513M	513M
Total Common Equity	3.26B	3.52B	3.63B	3.44B	3.42B
Total Equity	3.26B	3.52B	3.63B	3.44B	3.42B
Total Liabilities And Equity	4.49B	4.62B	4.79B	5.03B	4.79B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	319M	319M	319M	319M	319M
ECS Total Common Shares Outstanding	319M	319M	319M	319M	319M
Book Value / Share	10.22	11.03	11.36	10.77	10.71
Tangible Book Value	3.07B	3.34B	3.45B	3.27B	3.25B
Tangible Book Value Per Share	9.64	10.46	10.81	10.23	10.19
Total Debt	8.9M	9.6M	8.8M	10.9M	12.9M
Net Debt	-835M	-1.22B	-1.24B	-851M	-407M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-77.6M	-50.6M	-149M	-156M	-127M
Debt Equivalent Oper. Leases	-	-	-	-	-
Equity Method Investments, Total	2.1M	2.1M	300K	300K	1M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.94B	1.72B	1.8B	2.09B	2.1B
Inventories - Work In Process, Total	1.09B	1.09B	1.05B	1.26B	1.43B
Inventories - Finished Goods, Total	124M	87.6M	68.4M	107M	166M
Land - (BS)	45.6M	49.2M	50.1M	54.6M	60.2M
Machinery, Total	133M	147M	156M	180M	204M
Full Time Employees	5.28K	5.22K	5.2K	5.55K	4.82K
Accumulated Allowance for Doubtful Accounts (Supple)	2.1M	2M	2M	2M	2.2M
Order Backlog	1.36B	1.69B	1.62B	1.04B	1.06B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	849M	638M	787M	561M	255M
Depreciation & Amortization - CF	13.3M	14.1M	14.5M	15.8M	18.7M
Depreciation & Amortization, Total	13.3M	14.1M	14.5M	15.8M	18.7M
(Gain) Loss From Sale Of Asset	-	-	-	-	-1.6M
Asset Writedown & Restructuring Costs	7.3M	4.3M	6.2M	6.6M	7.6M
Stock-Based Compensation (CF)	3.7M	6.4M	6.4M	9M	4.5M
Other Operating Activities, Total	22.5M	-16.4M	-16.5M	269M	11.3M
Change In Accounts Receivable	6.3M	-45.8M	-59.5M	-81.1M	37.5M
Change In Inventories	-87.7M	265M	-9.8M	-532M	-235M
Change In Accounts Payable	-226M	-117M	37.4M	141M	-234M
Change in Other Net Operating Assets	31.4M	16.4M	18.9M	13.3M	5.7M
Cash from Operations	620M	766M	785M	402M	-130M
Capital Expenditure	-27.5M	-18.9M	-20.9M	-30.5M	-36.4M
Sale of Property, Plant, and Equipment	700K	800K	900K	900K	1M
Cash Acquisitions	-	-	-	-200K	-
Investment in Marketable and Equity Securities, Total	900K	-	1.8M	-	-700K
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-	-6.8M
Cash from Investing	-25.9M	-18.1M	-18.2M	-29.8M	-42.9M
Long-Term Debt Repaid, Total	-3.8M	-3.6M	-3.3M	-3.3M	-3M
Total Debt Repaid	-3.8M	-3.6M	-3.3M	-3.3M	-3M
Issuance of Common Stock	3.9M	3.1M	2.6M	700K	-
Repurchase of Common Stock	-	-	-	-700K	-1.2M
Common Dividends Paid	-748M	-351M	-750M	-750M	-255M
Common & Preferred Stock Dividends Paid	-748M	-351M	-750M	-750M	-255M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-50.6M	-6M	-3.8M	-4.1M	-9.2M
Cash from Financing	-798M	-357M	-754M	-758M	-269M
Net Change in Cash	-204M	390M	12.5M	-385M	-442M
Supplemental Items
Cash Interest Paid	4.2M	4.1M	3.7M	3.3M	4.3M
Cash Income Tax Paid (Refund)	160M	228M	186M	164M	71.6M
Levered Free Cash Flow	443M	579M	542M	40.64M	22.34M
Unlevered Free Cash Flow	449M	585M	545M	43.2M	31.59M
Change In Net Working Capital	185M	-92.5M	54.7M	403M	346M
Net Debt Issued / Repaid	-3.8M	-3.6M	-3.3M	-3.3M	-3M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	14.09	10.77	12.73	9.19	7.96
Return on Total Capital	19.93	14.44	16.74	12.75	11.35
Return On Equity %	26.31	18.84	22.04	15.88	7.45
Return on Common Equity	26.31	18.84	22.04	15.88	7.45
Margin Analysis
Gross Profit Margin %	30.98	26.87	30.02	22.73	28.67
SG&A Margin	2.94	3.44	3.57	3.93	6.29
EBITDA Margin %	28.59	24.02	26.96	19.35	23.22
EBITA Margin %	28.23	23.59	26.56	18.93	22.54
EBIT Margin %	28.23	23.59	26.56	18.93	22.54
Income From Continuing Operations Margin %	23.26	19.18	21.8	14.7	9.21
Net Income Margin %	23.26	19.18	21.8	14.7	9.21
Net Avail. For Common Margin %	23.26	19.18	21.8	14.7	9.21
Normalized Net Income Margin	17.79	14.72	16.7	11.88	14.03
Levered Free Cash Flow Margin	12.13	17.41	15.02	1.06	0.81
Unlevered Free Cash Flow Margin	12.29	17.57	15.09	1.13	1.14
Asset Turnover
Asset Turnover	0.8	0.73	0.77	0.78	0.56
Fixed Assets Turnover	52.13	38.61	38.13	35.07	21.41
Receivables Turnover (Average Receivables)	58.86	56.8	43.76	29.53	16.43
Inventory Turnover (Average Inventory)	0.81	0.8	0.87	0.92	0.55
Short Term Liquidity
Current Ratio	4.08	4.85	4.88	4.17	4.54
Quick Ratio	0.91	1.53	1.57	0.97	0.61
Operating Cash Flow to Current Liabilities	0.62	0.88	0.89	0.37	-0.14
Days Sales Outstanding (Average Receivables)	6.2	6.44	8.34	12.36	22.21
Days Outstanding Inventory (Average Inventory)	450.42	455.5	420.51	395.14	660.96
Average Days Payable Outstanding	32.29	36.17	31.09	31.15	56.11
Cash Conversion Cycle (Average Days)	424.34	425.77	397.77	376.35	627.06
Long Term Solvency
Total Debt/Equity	0.27	0.27	0.24	0.32	0.38
Total Debt / Total Capital	0.27	0.27	0.24	0.32	0.38
LT Debt/Equity	0.27	0.27	0.24	0.32	0.38
Long-Term Debt / Total Capital	0.27	0.27	0.24	0.32	0.38
Total Liabilities / Total Assets	27.42	23.9	24.35	31.68	28.6
EBIT / Interest Expense	113.2	91.3	266.39	176.2	42.24
EBITDA / Interest Expense	114.66	92.94	270.42	180.05	43.5
(EBITDA - Capex) / Interest Expense	111.64	90.74	264.61	172.61	41.04
Total Debt / EBITDA	0.01	0.01	0.01	0.01	0.02
Net Debt / EBITDA	-0.8	-1.53	-1.27	-1.15	-0.63
Total Debt / (EBITDA - Capex)	0.01	0.01	0.01	0.02	0.02
Net Debt / (EBITDA - Capex)	-0.82	-1.57	-1.3	-1.2	-0.67
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.36	-8.8	8.48	5.69	-27.32
Gross Profit, 1 Yr. Growth %	-4.17	-20.9	21.18	-19.96	-8.35
EBITDA, 1 Yr. Growth %	-4.55	-23.39	21.79	-24.17	-12.79
EBITA, 1 Yr. Growth %	-4.89	-23.77	22.13	-24.67	-13.47
EBIT, 1 Yr. Growth %	-4.89	-23.77	22.13	-24.67	-13.47
Earnings From Cont. Operations, 1 Yr. Growth %	-4.24	-24.79	23.31	-28.73	-54.47
Net Income, 1 Yr. Growth %	-4.24