Bellway p.l.c
Bellway p.l.c., together with its subsidiaries, engages in the homebuilding business in the United Kingdom. It builds and sells homes ranging from one-bedroom apartments to six-bedroom family homes, as well as provides homes to housing associations for social housing. It offers homes under Bellway, Ashberry, and Bellway London brands. The company was founded in 1946 and is headquartered in Newcas… Read more
Bellway p.l.c (41B) - Net Assets
Latest net assets as of January 2025: €3.52 Billion EUR
Based on the latest financial reports, Bellway p.l.c (41B) has net assets worth €3.52 Billion EUR as of January 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.08 Billion) and total liabilities (€1.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.52 Billion |
| % of Total Assets | 69.39% |
| Annual Growth Rate | 9.75% |
| 5-Year Change | 15.74% |
| 10-Year Change | 119.9% |
| Growth Volatility | 6.94 |
Bellway p.l.c - Net Assets Trend (2014–2024)
This chart illustrates how Bellway p.l.c's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bellway p.l.c (2014–2024)
The table below shows the annual net assets of Bellway p.l.c from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-07-31 | €3.47 Billion | +0.11% |
| 2023-07-31 | €3.46 Billion | +2.79% |
| 2022-07-31 | €3.37 Billion | +2.43% |
| 2021-07-31 | €3.29 Billion | +9.81% |
| 2020-07-31 | €2.99 Billion | +2.49% |
| 2019-07-31 | €2.92 Billion | +14.24% |
| 2018-07-31 | €2.56 Billion | +16.69% |
| 2017-07-31 | €2.19 Billion | +17.37% |
| 2016-07-31 | €1.87 Billion | +18.47% |
| 2015-07-31 | €1.58 Billion | +15.36% |
| 2014-07-31 | €1.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bellway p.l.c's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 179.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (July 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.25 Billion | 93.65% |
| Other Components | €220.10 Million | 6.35% |
| Total Equity | €3.47 Billion | 100.00% |
Bellway p.l.c Competitors by Market Cap
The table below lists competitors of Bellway p.l.c ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henan Zhongfu Industrial Co Ltd
SHG:600595
|
$3.24 Billion |
|
Legend Biotech Corp
NASDAQ:LEGN
|
$3.25 Billion |
|
Centerra Gold Inc
NYSE:CGAU
|
$3.25 Billion |
|
Guangzhou Great Power Energy&Technology Co Ltd
SHE:300438
|
$3.25 Billion |
|
Cencosud
SN:CENCOSUD
|
$3.24 Billion |
|
Enagás S.A
PINK:ENGGF
|
$3.24 Billion |
|
Xenon Pharmaceuticals Inc
NASDAQ:XENE
|
$3.24 Billion |
|
La Francaise Des Jeux Sa
PA:FDJ
|
$3.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bellway p.l.c's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,461,600,000 to 3,465,400,000, a change of 3,800,000 (0.1%).
- Net income of 130,500,000 contributed positively to equity growth.
- Dividend payments of 131,700,000 reduced retained earnings.
- Share repurchases of 34,900,000 reduced equity.
- New share issuances of 1,200,000 increased equity.
- Other factors increased equity by 38,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €130.50 Million | +3.77% |
| Dividends Paid | €131.70 Million | -3.8% |
| Share Repurchases | €34.90 Million | -1.01% |
| Share Issuances | €1.20 Million | +0.03% |
| Other Changes | €38.70 Million | +1.12% |
| Total Change | €- | 0.11% |
Book Value vs Market Value Analysis
This analysis compares Bellway p.l.c's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.50x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-07-31 | €17.85 | €26.80 | x |
| 2018-07-31 | €20.79 | €26.80 | x |
| 2019-07-31 | €23.72 | €26.80 | x |
| 2020-07-31 | €24.27 | €26.80 | x |
| 2021-07-31 | €26.64 | €26.80 | x |
| 2022-07-31 | €27.27 | €26.80 | x |
| 2023-07-31 | €28.71 | €26.80 | x |
| 2024-07-31 | €29.21 | €26.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bellway p.l.c utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.48%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.44x
- Recent ROE (3.77%) is below the historical average (13.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 14.01% | 12.89% | 0.76x | 1.44x | €54.81 Million |
| 2015 | 17.97% | 16.04% | 0.77x | 1.45x | €125.55 Million |
| 2016 | 21.58% | 17.98% | 0.82x | 1.46x | €216.19 Million |
| 2017 | 20.72% | 17.75% | 0.81x | 1.44x | €234.92 Million |
| 2018 | 20.33% | 17.58% | 0.83x | 1.39x | €264.19 Million |
| 2019 | 18.44% | 16.76% | 0.83x | 1.33x | €246.44 Million |
| 2020 | 6.44% | 8.67% | 0.54x | 1.36x | €-106.50 Million |
| 2021 | 11.88% | 12.51% | 0.67x | 1.42x | €61.92 Million |
| 2022 | 7.20% | 6.86% | 0.71x | 1.48x | €-94.18 Million |
| 2023 | 10.54% | 10.71% | 0.67x | 1.48x | €18.84 Million |
| 2024 | 3.77% | 5.48% | 0.48x | 1.44x | €-216.04 Million |
Industry Comparison
This section compares Bellway p.l.c's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $265,376,967,400
- Average return on equity (ROE) among peers: 12.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bellway p.l.c (41B) | €3.52 Billion | 14.01% | 0.44x | $3.24 Billion |
| Kaufman & Broad S.A (3GH) | $275.42 Million | 14.57% | 4.24x | $421.70 Million |
| HELMA Eigenheimbau Aktiengesellschaft (H5E) | $108.59 Million | 14.87% | 2.50x | $113.89K |
| HASEKO Corporation (HS6) | $394.37 Billion | 12.24% | 1.42x | $3.03 Billion |
| Iida Group Holdings Co. Ltd (IIO) | $930.56 Billion | 11.11% | 0.82x | $1.99 Billion |
| Meritage Homes Corporation (MEY) | $1.58 Billion | 9.09% | 1.06x | $3.68 Billion |