Obermatt

Bellway

LSE:BWY · GB0000904986
Household DurablesLarge

360

81
EV / EBIT89
Price / Owner Earnings41
Owner Earnings Yield63
Dividend Yield73
Price/Sales50
EV / Gross Profit46
Price/Book75
Return on Capital43
Cash Return on Capital28
Return on Equity21
EBIT Margin63
Gross Profitability11
Cash Conversion28
Accruals51
Owner Earnings Margin45
Sales growth77
Profit Growth85
Long-Term EPS Growth57
Owner Earnings Growth63
Reinvestment10
Price momentum19
Debt load91
Refinancing88
Debt Payback64
Liquidity80
Analyst ratings48
Opinion Changes33
Price Target Upside84
Market mood53
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Bellway clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUK
IndustryHousehold Durables
SizeLarge
TypePublic Company
ExchangeLSE
Founded1978
Employees4
ISINGB0000904986
Last UpdateApr 2, 2026
Themes
Real Estate TechnologyHome ImprovementConstructionProperty Development

Description

Bellway p.l.c., together with its subsidiaries, engages in the homebuilding business in the United Kingdom. Business Strategy The company focuses on developing a sustainable housing model that emphasizes quality, safety, and customer experience. Th…

Analysis

Middle-of-the-road

Bellway p.l.c. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 13.0×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 0% a year, against analyst forecasts of 5%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
94
2023202420252026

All-time high

100

Dec 2024

All-time low

65

May 2024

Average rank

82

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
50
44
31
51
Price/Earnings
78
59
22
85
Price/Book
75
76
76
91
Dividend Yield
73
59
48
62
Value (overall)
82
55
52
76

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →