Bellway (BWY)

Sector:

Household Goods

Index:

FTSE 250

3,417.00p
   
  • Change Today:
    -23.00p
  • 52 Week High: 3,712.00
  • 52 Week Low: 2,060.00
  • Currency: UK Pounds
  • Shares Issued: 123.40m
  • Volume: 17,716
  • Market Cap: £4,216.55m
  • RiskGrade: 188

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Jul-20 31-Jul-19 31-Jul-18 31-Jul-17 31-Jul-16
Annualisation Factor 1.0 1.0 1.0 1.0 1.0
Dividend Yield 2.0% 5.1% 4.9% 3.8% 5.2%
           
Continuing Operations          
PE Ratio - Adjusted 16.3 6.8 6.9 8.6 6.7
PE Ratio - Diluted 16.3
13.3
6.8
6.8
6.9
6.9
8.6
8.6
6.4
6.7
PEG - Adjusted n/a 2.3 0.5 0.5 0.2
PEG - Diluted n/a
n/a
1.7
1.7
0.5
0.5
0.7
0.5
0.2
0.2
Return on Capital Employed 8.21%
10.12%
23.16%
23.16%
25.58%
25.57%
25.74%
25.74%
26.79%
25.88%
Operating Margin 11.19%
13.80%
21.00%
21.00%
22.07%
22.07%
22.34%
22.34%
22.73%
21.96%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.3 6.8 6.9 8.6 6.7
PE Ratio - Diluted 16.3
13.3
6.8
6.8
6.9
6.9
8.6
8.6
6.4
6.7
PEG - Adjusted n/a 2.3 0.5 0.5 0.2
PEG - Diluted n/a
n/a
1.7
1.7
0.5
0.5
0.7
0.5
0.2
0.2

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Jul-20 31-Jul-19 31-Jul-18 31-Jul-17 31-Jul-16
Net Gearing (0.05%) n/a n/a (0.73%) (1.42%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Jul-20 31-Jul-19 31-Jul-18 31-Jul-17 31-Jul-16
Price/Book Value 1.0 1.3 1.4 1.8 1.4
Price/Tangible Book Value 1.0 1.3 1.4 1.8 1.4
Price/ Cash Flow (54.2) 12.5 14.1 25.5 15.8
Price/Revenue 1.41 1.14 1.21 1.53 1.15
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 2,430.09p 2,374.71p 2,082.68p 1,788.68p 1,523.36p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Jul-20 31-Jul-19 31-Jul-18 31-Jul-17 31-Jul-16
Continuing Operations          
Revenue 2,225.40 3,213.20 2,957.66 2,558.56 2,240.65
EBITDA 255.40
313.50
680.70
680.70
651.02
650.94
571.55
571.55
509.31
492.01
Depreciation (6.30)
(6.30)
(5.80)
(5.80)
1.86
1.86
n/a
n/a
n/a
n/a
Net Interest (13.40)
(13.40)
(14.40)
(14.40)
(13.61)
(13.61)
(11.24)
(11.24)
(11.14)
(11.14)
Profit Before Tax 236.70
294.80
662.60
662.60
641.06
640.99
560.72
560.72
497.87
480.56
           
Revenue per Share 1,806.26p 2,612.09p 2,408.93p 2,088.42p 1,828.23p
Pre-Tax Profit per Share 192.12p
239.28p
538.64p
538.64p
522.12p
522.06p
457.69p
457.69p
406.23p
392.11p
Market Capitalisation £ (Millions) 3,140.39 3,658.09 3,592.81 3,917.26 2,571.50
Enterprise Value (EV) £ (Millions) 3,190.39 3,658.09 3,592.81 3,947.26 2,604.00
EBITDA/EV 8.01%
9.83%
18.61%
18.61%
18.12%
18.12%
14.48%
14.48%
19.56%
18.89%
Operating Margin 11.19%
13.80%
21.00%
21.00%
22.07%
22.07%
22.34%
22.34%
22.73%
21.96%
Capital Employed £ (Millions) 3,046.60 2,923.40 2,559.64 2,222.03 1,899.81
Return on Capital Employed 8.21%
10.12%
23.16%
23.16%
25.58%
25.57%
25.74%
25.74%
26.79%
25.88%
Invested Equity Capital £ (Millions) 2,996.60 2,923.40 2,559.64 2,192.10 1,867.39
           
Earnings per Share - Basic 156.60p
192.52p
437.80p
437.84p
423.40p
423.39p
370.60p
370.63p
328.70p
314.62p
Earnings per Share - Diluted 156.10p
191.92p
436.40p
436.43p
421.60p
421.57p
369.00p
369.01p
328.00p
313.87p
Earnings per Share - Adjusted 156.60p 437.80p 423.40p 370.60p 314.60p
Earnings per Share Growth - Basic -64%
-56%
3%
3%
14%
14%
13%
18%
42%
36%
Earnings per Share Growth - Diluted -64%
-56%
4%
4%
14%
14%
12%
18%
42%
36%
Earnings per Share Growth - Adjusted -64% 3% 14% 18% 39%
PE Ratio - Diluted 16.3
13.3
6.8
6.8
6.9
6.9
8.6
8.6
6.4
6.7
PEG - Diluted n/a
n/a
1.7
1.7
0.5
0.5
0.7
0.5
0.2
0.2
Tax Rate 18.58% 18.77% 18.95% 19.04% 19.06%
Dividend Cover 3.13
3.85
2.91
2.91
2.96
2.96
3.04
3.04
2.91
2.91
Interest Cover 18.40
22.68
45.17
45.17
45.95
45.95
45.89
45.89
41.39
39.99
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 156.60p
192.52p
437.80p
437.84p
423.40p
423.39p
370.60p
370.62p
328.70p
314.62p
Earnings per Share - Diluted 156.10p
191.92p
436.40p
436.43p
421.60p
421.57p
369.00p
369.01p
328.00p
313.88p
Earnings per Share - Adjusted 156.60p 437.80p 423.40p 370.60p 314.60p
Earnings per Share Growth - Basic -64%
-56%
3%
3%
14%
14%
13%
18%
42%
36%
Earnings per Share Growth - Diluted -64%
-56%
4%
4%
14%
14%
12%
18%
42%
36%
Earnings per Share Growth - Adjusted -64% 3% 14% 18% 39%
PE Ratio - Diluted 16.3
13.3
6.8
6.8
6.9
6.9
8.6
8.6
6.4
6.7
PEG - Diluted n/a
n/a
1.7
1.7
0.5
0.5
0.7
0.5
0.2
0.2
Dividend Cover 3.13
3.85
2.91
2.91
2.96
2.96
3.04
3.04
2.91
2.91
Return on Equity (ROE) 6.44%
7.92%
18.42%
18.42%
20.31%
20.31%
20.71%
20.71%
21.58%
20.65%
Operating Cash Flow per Share (46.99p) 237.29p 206.87p 124.98p 132.75p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (121.59p) 83.08p 43.19p (10.61p) 14.26p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 50.00p 150.40p 143.00p 122.00p 108.00p
Dividend per Share Growth (66.76%) 5.17% 17.21% 12.96% 40.26%
Dividend Yield 2.0% 5.1% 4.9% 3.8% 5.2%
Shareholders Funds 2,994.00 2,921.20 2,557.10 2,191.41 1,867.08
Net Borrowings £ (Millions) (1.40) (201.20) (98.99) (15.97) (26.47)
Net Asset Value per Share (inc. Intangibles) 2,430.09p 2,374.71p 2,082.68p 1,788.74p 1,523.42p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Jul-20 31-Jul-19 31-Jul-18 31-Jul-17 31-Jul-16
Shareholders' Funds inc Intangibles 2,994.00 2,921.20 2,557.10 2,191.41 1,867.08
Net Borrowings £ (Millions) (1.40) (201.20) (98.99) (15.97) (26.47)
Net Gearing (0.05%) n/a n/a (0.73%) (1.42%)
Cash & Near Cash 51.40 201.20 98.99 45.97 58.97
Cash 1.72% 6.89% 3.87% 2.10% 3.16%
Gross Borrowings 50.00 n/a n/a 30.00 32.50
Gross Gearing 1.67% n/a n/a 1.37% 1.74%
Borrowings Under 5 years 50.00 n/a n/a 30.00 32.50
Under 5 years 1.67% n/a n/a 1.37% 1.74%
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-20 31-Jul-19 31-Jul-18 31-Jul-17 31-Jul-16
Shareholders' Funds exc Intangibles 2,994.00 2,921.20 2,557.10 2,191.41 1,867.08
Net Borrowings £ (Millions) (1.40) (201.20) (98.99) (15.97) (26.47)
Net Gearing (0.05%) n/a n/a (0.73%) (1.42%)
Cash & Near Cash 51.40 201.20 98.99 45.97 58.97
Cash 1.72% 6.89% 3.87% 2.10% 3.16%
Gross Borrowings 50.00 n/a n/a 30.00 32.50
Gross Gearing 1.67% n/a n/a 1.37% 1.74%
Borrowings Under 5 years 50.00 n/a n/a 30.00 32.50
Under 5 years 1.67% n/a n/a 1.37% 1.74%
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-20 31-Jul-19 31-Jul-18 31-Jul-17 31-Jul-16
Quick Ratio 0.13 0.38 0.24 0.16 0.18
Current Ratio 4.17 4.38 3.86 3.70 3.55

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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