- Bellway’s first-half revenue was GBP1.43 billion, aligning with market expectations.
- The company’s adjusted pre-tax profit stood at GBP150.2 million, while the regular pre-tax profit was GBP140.8 million.
- An increased interim dividend of 21.0p per share was announced, compared to 16.0p in the previous year.
- Adjusted operating profit was slightly below estimates, coming in at GBP156.6 million compared to the expected GBP160.5 million.
- Bellway plans to deliver at least 8,500 homes in the current financial year, an increase from 7,654 homes delivered by July 2024.
- The company anticipates the full-year average selling price to be around £310,000.
- Bellway expects the underlying operating margin to near 11.0%, up from 10.0% in the previous year.
- The company has a strong forward order book and work-in-progress, ensuring it is on track to meet its home delivery targets.
- The leadership is confident about leveraging operational strengths and a robust land bank to capitalize on positive UK housebuilding trends.
- Current market analyst recommendations for Bellway include 13 buys and 4 holds, with no sell recommendations.
A look at Bellway PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Analysts reviewing Bellway PLC‘s Smartkarma Smart Scores see a promising long-term outlook for the company. With a strong value score of 4, Bellway PLC is perceived as having solid fundamentals relative to its market price. While its dividend score of 3 indicates moderate dividend potential, its growth, resilience, and momentum scores all stand at 3, suggesting a balanced performance across these critical dimensions. Bellway PLC, a holding company known for building residential houses, particularly focusing on starter homes in England, Wales, and Scotland, appears to have a well-rounded profile that could bode well for its future prospects.
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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