Added to YB: 2025-07-11
Pitch date: 2025-05-23
HWDJY [bullish]
Howden Joinery Group Plc
-3.92%
current return
Author Info
No bio for this author
Company Info
Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.
Market Cap
GBP 4.4B
Pitch Price
GBP 8.49
Price Target
N/A
Dividend
3.25%
EV/EBITDA
9.68
P/E
17.82
EV/Sales
2.03
Sector
Trading Companies and Distributors
Category
growth
Howden Joinery Group Plc - $HWDJY
HWDJY: Vertically integrated kitchen supplier with 60% GM, 20% EBIT margins at mature depots. Strong UK market position (trade-only model) with recovery from cyclical lows (1.1m vs 1.5m normal installations). Upside from depot maturation, operational leverage, declining capex (peaked at 5% sales). 7.5% FCFE yield growing to 11% on normalized volumes. 17% 5Y IRR. Risks: UK macro, interest rates, margin pressure.
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