Added to YB: 2026-10-02
Pitch date: 2026-09-28
BWY.L [bullish]
Bellway p.l.c.
-6.95%
current return
Author Info
No bio for this author
Company Info
Bellway p.l.c., together with its subsidiaries, engages in the homebuilding business in the United Kingdom.
Market Cap
GBP 2.5B
Pitch Price
GBP 22.74
Price Target
N/A
Dividend
3.25%
EV/EBITDA
8.28
P/E
16.82
EV/Sales
0.89
Sector
Household Durables
Category
value
The Monday Morning Briefing: Micron and Nike Earnings on Deck - Bellway p.l.c.
BWY.L (update): Bellway trades at £21.08, or 0.67x tangible book near a 21-year low, 11x estimated FY26 earnings and a 33% discount to liquidation value, while yielding 3.6%. Cheaper land, an improving first-half gross margin and buybacks support recovery value before a housing bottom is clear. The risks are 5%+ gilt yields, slow planning consents and £506 million of unpaid cladding provisions.
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