- Persimmon’s forward sales have reached £2.79 billion, marking a 15% increase compared to the previous year.
- The company is on track for the full fiscal year and has performed in line with market expectations during the period.
- The average selling price for private sales in the order book is approximately £295,150, a slight increase from £291,514 recorded in June.
- Sales rates have risen to 0.76 net private sales per outlet per week, or 0.63 when excluding bulk sales, showing a 3% year-on-year increase.
- Persimmon plans to continue investing in future capabilities through 2026, leveraging its robust financial position despite an anticipated short-term increase in financing costs.
- The company is progressing well with its fire safety remediation efforts and expects to complete most of the necessary works within the next two years.
- 83% of this year’s forecasted private deliveries have already been exchanged or completed, reflecting strong operational performance.
- Persimmon forecasts a year-end cash balance ranging between £0 and £200 million.
- Investor analyst ratings include 15 buys, 4 holds, and no sells, indicating favorable market sentiment.
A look at Persimmon PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| 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
Based on the Smartkarma Smart Scores, Persimmon PLC seems to have a positive long-term outlook. With strong scores in Value and Dividend at 4 out of 5, the company is viewed favorably in terms of its financial health and ability to provide returns to shareholders. However, its Growth, Resilience, and Momentum scores at 3 suggest there may be some areas for improvement in terms of future expansion, adaptability to challenges, and market momentum.
Persimmon PLC, a company specializing in designing, building, and developing residential housing, operates across multiple regions in the UK. With a widespread presence in Yorkshire, the North East, North West, Scotland, Midlands, and other areas, Persimmon PLC plays a significant role in the housing industry. Its well-rounded Smart Scores indicate a solid foundation for the company’s overall performance, with room for potential growth and enhancement in certain aspects.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
