Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

2,696.00p
   
  • Change Today:
    -32.00p
  • 52 Week High: 2,860.00
  • 52 Week Low: 1,921.00
  • Currency: UK Pounds
  • Shares Issued: 118.97m
  • Volume: 141,177
  • Market Cap: £3,207.50m
  • RiskGrade: 188

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20 30-Jul-20
Annualisation Factor 1.0 1.0 n/a 365.0 1.0
Dividend Yield 6.3% 5.7% 3.6% 2.0% 1.9%
           
Continuing Operations          
PE Ratio - Adjusted 6.8 5.8 9.4 16.3 16.5
PE Ratio - Diluted 7.5
6.6		 12.5
5.8		 10.4
9.4		 16.3
13.3		 16.5
12.7
PEG - Adjusted n/a 0.3 0.1 n/a n/a
PEG - Diluted 0.1
n/a		 n/a
0.3		 0.1
0.1		 n/a
n/a		 n/a
n/a
Return on Capital Employed 12.59%
13.83%		 8.15%
17.01%		 0.14%
0.16%		 2,996.34%
3,692.41%		 8.21%
10.12%
Operating Margin 14.79%
16.25%		 9.00%
18.79%		 15.36%
17.02%		 11.19%
13.80%		 11.19%
13.80%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 6.8 5.8 926.6 0.0 16.5
PE Ratio - Diluted 7.5
6.6		 12.5
5.8		 1,029.6
929.6		 0.0
0.0		 16.5
12.7
PEG - Adjusted n/a 0.0 n/a 0.0 n/a
PEG - Diluted 0.1
n/a		 0.0
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20 30-Jul-20
Net Gearing (6.70%) (7.28%) (10.05%) (0.05%) (0.05%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20 30-Jul-20
Price/Book Value 0.8 0.9 1.2 1.0 1.1
Price/Tangible Book Value 0.8 0.9 1.2 1.0 1.1
Price/ Cash Flow 11.5 67.0 9.4 (54.2) (54.9)
Price/Revenue 0.80 0.85 128.40 n/a 1.43
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 2,823.64p 2,732.99p 2,666.37p 2,430.09p 2,430.09p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20 30-Jul-20
Continuing Operations          
Revenue 3,406.00 3,536.80 31.52 812,270.96 2,225.40
EBITDA 509.90
559.50		 324.40
670.60		 4.91
5.43		 93,221.00
114,427.50		 255.40
313.50
Depreciation (6.00)
(6.00)		 (6.10)
(6.10)		 (0.07)
(0.07)		 (2,299.50)
(2,299.50)		 (6.30)
(6.30)
Net Interest (20.90)
(20.90)		 (14.10)
(14.10)		 (0.11)
(0.11)		 (4,891.00)
(4,891.00)		 (13.40)
(13.40)
Profit Before Tax 483.00
532.60		 304.20
650.40		 4.84
5.36		 86,395.50
107,602.00		 236.70
294.80
           
Revenue per Share 2,778.29p 2,870.14p 25.56p 659,282.98p 1,806.26p
Pre-Tax Profit per Share 393.99p
434.44p		 246.86p
527.80p		 3.92p
4.34p		 70,123.25p
87,335.59p		 192.12p
239.28p
Market Capitalisation £ (Millions) 2,736.45 2,948.87 4,049.86 3,140.39 3,183.56
Enterprise Value (EV) £ (Millions) 2,866.45 3,078.87 4,179.86 3,190.39 3,233.56
EBITDA/EV 17.79%
19.52%		 10.54%
21.78%		 0.12%
0.13%		 2,921.93%
3,586.63%		 7.90%
9.70%
Operating Margin 14.79%
16.25%		 9.00%
18.79%		 15.36%
17.02%		 11.19%
13.80%		 11.19%
13.80%
Capital Employed £ (Millions) 4,001.30 3,907.50 3,515.00 3,046.60 3,046.60
Return on Capital Employed 12.59%
13.83%		 8.15%
17.01%		 0.14%
0.16%		 2,996.34%
3,692.41%		 8.21%
10.12%
Invested Equity Capital £ (Millions) 3,871.30 3,777.50 3,385.00 2,996.60 2,996.60
           
Earnings per Share - Basic 297.70p
338.19p		 196.90p
420.77p		 316.90p
350.92p		 156.60p
192.52p		 156.60p
203.72p
Earnings per Share - Diluted 296.30p
336.54p		 196.20p
419.35p		 315.80p
349.75p		 156.10p
191.92p		 156.10p
203.08p
Earnings per Share - Adjusted 328.10p 420.80p 350.90p 156.60p 156.60p
Earnings per Share Growth - Basic 51%
-20%		 -38%
20%		 102%
82%		 n/a
-6%		 -64%
-54%
Earnings per Share Growth - Diluted 51%
-20%		 -38%
20%		 102%
82%		 n/a
-6%		 -64%
-54%
Earnings per Share Growth - Adjusted -22% 20% 124% n/a -64%
PE Ratio - Diluted 7.5
6.6		 12.5
5.8		 10.4
9.4		 16.3
13.3		 16.5
12.7
PEG - Diluted 0.1
n/a		 n/a
0.3		 0.1
0.1		 n/a
n/a		 n/a
n/a
Tax Rate 24.43% 20.25% 18.84% 18.58% 18.58%
Dividend Cover 2.34
2.42		 3.01
3.01		 2.99
2.99		 3.13
3.85		 3.13
4.07
Interest Cover 16.68
18.29		 20.38
42.43		 41.94
46.37		 18.40
22.68		 18.40
22.68
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 297.70p
338.19p		 196.90p
420.77p		 3.20p
3.54p		 57,159.00p
70,271.38p		 156.60p
203.72p
Earnings per Share - Diluted 296.30p
336.54p		 196.20p
419.35p		 3.19p
3.53p		 56,976.50p
70,049.50p		 156.10p
203.08p
Earnings per Share - Adjusted 328.10p 420.80p 3.54p 57,159.00p 156.60p
Earnings per Share Growth - Basic 51%
-20%		 6,055%
11,779%		 -100%
-100%		 36,400%
34,393%		 -64%
-54%
Earnings per Share Growth - Diluted 51%
-20%		 6,055%
11,778%		 -100%
-100%		 36,400%
34,393%		 -64%
-54%
Earnings per Share Growth - Adjusted -22% 11,780% -100% 36,400% -64%
PE Ratio - Diluted 7.5
6.6		 12.5
5.8		 1,029.6
929.6		 0.0
0.0		 16.5
12.7
PEG - Diluted 0.1
n/a		 0.0
0.0		 n/a
n/a		 0.0
0.0		 n/a
n/a
Dividend Cover 2.34
2.42		 3.01
3.01		 0.03
0.03		 1,143.18
1,405.43		 3.13
4.07
Return on Equity (ROE) 9.43%
10.71%		 6.42%
13.73%		 0.12%
0.13%		 2,349.61%
2,889.21%		 6.44%
8.38%
Operating Cash Flow per Share 192.67p 36.52p 350.75p (46.99p) (46.99p)
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (10.85p) (68.98p) 3.35p (44,378.81p) (121.59p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 140.00p 140.00p 117.50p 50.00p 50.00p
Dividend per Share Growth n/a 19.15% 135.00% n/a (66.76%)
Dividend Yield 6.3% 5.7% 3.6% 2.0% 1.9%
Shareholders Funds 3,461.60 3,367.80 3,287.80 2,994.00 2,994.00
Net Borrowings £ (Millions) (232.00) (245.30) (330.30) (1.40) (1.40)
Net Asset Value per Share (inc. Intangibles) 2,823.64p 2,732.99p 2,666.37p 2,430.09p 2,430.09p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20 30-Jul-20
Shareholders' Funds inc Intangibles 3,461.60 3,367.80 3,287.80 2,994.00 2,994.00
Net Borrowings £ (Millions) (232.00) (245.30) (330.30) (1.40) (1.40)
Net Gearing (6.70%) (7.28%) (10.05%) (0.05%) (0.05%)
Cash & Near Cash 362.00 375.30 460.30 51.40 51.40
Cash 10.46% 11.14% 14.00% 1.72% 1.72%
Gross Borrowings 130.00 130.00 130.00 50.00 50.00
Gross Gearing 3.76% 3.86% 3.95% 1.67% 1.67%
Borrowings Under 5 years 130.00 130.00 130.00 50.00 50.00
Under 5 years 3.76% 3.86% 3.95% 1.67% 1.67%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20 30-Jul-20
Shareholders' Funds exc Intangibles 3,461.60 3,367.80 3,287.80 2,994.00 2,994.00
Net Borrowings £ (Millions) (232.00) (245.30) (330.30) (1.40) (1.40)
Net Gearing (6.70%) (7.28%) (10.05%) (0.05%) (0.05%)
Cash & Near Cash 362.00 375.30 460.30 51.40 51.40
Cash 10.46% 11.14% 14.00% 1.72% 1.72%
Gross Borrowings 130.00 130.00 130.00 50.00 50.00
Gross Gearing 3.76% 3.86% 3.95% 1.67% 1.67%
Borrowings Under 5 years 130.00 130.00 130.00 50.00 50.00
Under 5 years 3.76% 3.86% 3.95% 1.67% 1.67%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Jul-23 31-Jul-22 31-Jul-21 31-Jul-20 30-Jul-20
Quick Ratio 0.46 0.50 0.51 0.13 0.13
Current Ratio 5.01 5.06 4.27 4.17 4.17

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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