- Bellway completed 4,577 homes in the first half of the year, marking a 12% increase compared to the previous year.
- The company’s order book stands at £1.31 billion, which is a 30% increase from the previous year.
- The average selling price of a home is approximately £310,000, reflecting a slight increase of 0.4% year-on-year.
- Housing revenue for Bellway is reported to be £1.42 billion.
- Bellway forecasts completing at least 8,500 homes for the year.
- The company expects the adjusted operating margin to remain steady at around 11%.
- As of January 31, Bellway has a net debt of £8.0 million.
- The company reaffirms its guidance to deliver a full-year volume output of at least 8,500 homes by July 2024.
- Full-year average selling prices are predicted to be around £310,000, slightly higher than the previous year’s £307,909.
- The underlying operating margin for the full year is expected to approach 11% compared to 10% the previous year.
- Analyst ratings for Bellway include 12 buys and 5 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
Based on the Smartkarma Smart Scores, Bellway PLC appears to have a positive long-term outlook. With a strong value score of 4, the company is seen as offering good value for investors. While the dividend, growth, resilience, and momentum scores are all at a moderate 3, indicating stability and potential for steady performance.
Bellway PLC, a holding company known for building residential houses in the UK, seems to be well positioned for the future. The company focuses on constructing homes for first-time buyers, including various types of properties such as semi-detached houses and apartments. Operating primarily in England, Wales, and Scotland, Bellway PLC presents a reliable choice for investors looking for exposure to the residential 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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