- Bellway’s dividend per share exceeded expectations, reaching 70.0p compared to the estimate of 66.0p.
- Revenue amounted to GBP2.78 billion, slightly above the expected GBP2.75 billion.
- Adjusted operating profit was reported at GBP303.5 million, surpassing the forecast of GBP298 million.
- Adjusted pretax profit stood at GBP289.1 million, over the projected GBP284.2 million.
- Gross profit came in at GBP419.4 million, lower than the expected GBP454.8 million; however, adjusted gross profit was GBP456.8 million.
- Adjusted earnings per share (EPS) were reported at 176.7p, exceeding the estimate of 167.7p.
- The company possesses a substantial land bank with a total of 95,704 plots.
- By fiscal year 2028, Bellway aims to increase home volume output to approximately 10,000 homes, enhancing capital efficiency and shareholder returns.
- The average selling price for fiscal year 2026 is anticipated to be around £320,000, slightly up from £316,412 in 2025.
- The operating margin is expected to remain steady, with projections of around 11.0% for FY26, compared to 10.9% in FY25.
- Investor sentiment remains positive with 12 buy recommendations, 6 holds, and no sells.
“`
A look at Bellway PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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 at Smartkarma have assessed Bellway PLC‘s long-term outlook using their Smart Scores system. The company received strong ratings in value and resilience, indicating favorable prospects in terms of its financial health and ability to weather economic challenges. Additionally, Bellway’s scores for growth and momentum suggest steady performance and potential for future expansion. While the dividend score is slightly lower, the overall outlook for Bellway PLC appears promising, especially considering its focus on building residential houses for first-time buyers across England, Wales, and Scotland.
Bellway p.l.c., a holding company with subsidiaries specializing in residential construction and related trading activities, has been evaluated positively based on Smartkarma’s Smart Scores. With a strong emphasis on value and resilience, coupled with decent scores in growth and momentum, Bellway PLC is positioned well for the long term. The company’s niche in building starter homes, including various housing options, reflects its market presence in key regions. These factors, alongside the company’s strategic focus on the residential segment, bode well for Bellway’s future performance and growth potential.
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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