Added to YB: 2025-03-28
Pitch date: 2025-03-27
BWY.L [neutral]
Bellway p.l.c.
+13.02%
current return
Author Info
Valuing Dutchman is a value investor specializing in European family owned businesses and worldwide Deep Value. Full time investor since 2010, Investment writer since 2011 and co-founder Chess Capital fund. Sign up for the newsletter.
Company Info
Bellway p.l.c., together with its subsidiaries, engages in the homebuilding business in the United Kingdom.
Market Cap
GBP 3.0B
Pitch Price
GBP 23.06
Price Target
N/A
Dividend
2.36%
EV/EBITDA
11.55
P/E
20.36
EV/Sales
1.18
Sector
Household Durables
Category
value
Bellway: return to start
BWY.L (buy below GBP 24): UK homebuilder w/ strong land bank (5yr supply, many w/ permits). Housing shortage & inflation beneficial. Rev +12.3%, completions +11.9%, op profit +16.6% vs weak base. Focus on standardized homes (80%) & new timber factory for margin boost. Positive outlook w/ low debt, strong pipeline. Buy below £24.
Read full article (3 min)