Bellway PLC

LSE:BWY UK Residential Construction
Market Cap
$31.69 Million
GBX260.48 Billion GBX
Market Cap Rank
#38325 Global
#534 in UK
Share Price
GBX2234.00
Change (1 day)
-0.27%
52-Week Range
GBX2166.00 - GBX2982.00
All Time High
GBX3524.73
Categories
Companies in UK Residential Construction
About

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 PLC (BWY) - Net Assets

Latest net assets as of July 2025: GBX3.56 Billion GBX

Based on the latest financial reports, Bellway PLC (BWY) has net assets worth GBX3.56 Billion GBX as of July 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX5.19 Billion) and total liabilities (GBX1.64 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 GBX3.56 Billion
% of Total Assets 68.46%
Annual Growth Rate 13.63%
5-Year Change 5.59%
10-Year Change 62.28%
Growth Volatility 13.43

Bellway PLC - Net Assets Trend (1986–2025)

This chart illustrates how Bellway PLC'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 PLC (1986–2025)

The table below shows the annual net assets of Bellway PLC from 1986 to 2025.

Year Net Assets Change
2025-07-31 GBX3.56 Billion +2.62%
2024-07-31 GBX3.47 Billion 0.00%
2024-07-30 GBX3.47 Billion +0.11%
2023-07-31 GBX3.46 Billion +2.79%
2022-07-31 GBX3.37 Billion +2.43%
2021-07-31 GBX3.29 Billion +9.81%
2020-07-31 GBX2.99 Billion +2.49%
2019-07-31 GBX2.92 Billion +14.24%
2018-07-31 GBX2.56 Billion +16.69%
2017-07-31 GBX2.19 Billion +17.37%
2016-07-31 GBX1.87 Billion +18.47%
2015-07-31 GBX1.58 Billion +15.36%
2014-07-31 GBX1.37 Billion +12.08%
2013-07-31 GBX1.22 Billion +7.56%
2012-07-31 GBX1.13 Billion +5.57%
2011-07-31 GBX1.07 Billion +3.72%
2010-07-31 GBX1.03 Billion +7.23%
2009-07-31 GBX965.01 Million -3.60%
2008-07-31 GBX1.00 Billion -3.35%
2007-07-31 GBX1.04 Billion +14.64%
2006-07-31 GBX903.50 Million +15.86%
2005-07-31 GBX779.83 Million +15.53%
2004-07-31 GBX674.99 Million +21.17%
2003-07-31 GBX557.05 Million +21.02%
2002-07-31 GBX460.30 Million +17.76%
2001-07-31 GBX390.89 Million +16.38%
2000-07-31 GBX335.87 Million +16.25%
1999-07-31 GBX288.93 Million +13.47%
1998-07-31 GBX254.64 Million +19.30%
1997-07-31 GBX213.45 Million +22.51%
1996-07-31 GBX174.23 Million +7.69%
1995-07-31 GBX161.79 Million +9.62%
1994-07-31 GBX147.60 Million +7.50%
1993-07-31 GBX137.31 Million +38.02%
1992-07-31 GBX99.49 Million +2.91%
1991-07-31 GBX96.67 Million +35.71%
1990-07-31 GBX71.23 Million +3.58%
1989-07-31 GBX68.77 Million +67.71%
1988-07-31 GBX41.01 Million +17.32%
1987-07-31 GBX34.95 Million +43.36%
1986-07-31 GBX24.38 Million --

Equity Component Analysis

This analysis shows how different components contribute to Bellway PLC'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 22642.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (July 2025)

Component Amount Percentage
Retained Earnings GBX3.34 Billion 93.80%
Common Stock GBX14.80 Million 0.42%
Other Comprehensive Income GBX22.10 Million 0.62%
Other Components GBX183.50 Million 5.16%
Total Equity GBX3.56 Billion 100.00%

Bellway PLC Competitors by Market Cap

The table below lists competitors of Bellway PLC ranked by their market capitalization.

Company Market Cap
MIZUHO FIN GROUP
MU:MZ8
 		$324.91K
RM RHEINER MAN
BE:RMO
 		$325.14K
74SW
PA:74SW
 		$325.46K
Formuepleje - Epikur KL
CO:FPKEPI
 		$325.91K
ALMAC Co. Ltd.
KQ:354320
 		$324.29K
SBM OFFSHORE - Dusseldorf Stock Exchang
DU:IHCB
 		$324.29K
SECOM Co Ltd
MU:XSC
 		$324.27K
CARETRUST REIT DL-01
F:7XC
 		$324.12K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bellway PLC's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 3,465,400,000 to 3,556,200,000, a change of 90,800,000 (2.6%).
  • Net income of 157,500,000 contributed positively to equity growth.
  • Dividend payments of 70,000,000 reduced retained earnings.
  • Share repurchases of 1,000,000 reduced equity.
  • Other comprehensive income increased equity by 1,500,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income GBX157.50 Million +4.43%
Dividends Paid GBX70.00 Million -1.97%
Share Repurchases GBX1.00 Million -0.03%
Other Comprehensive Income GBX1.50 Million +0.04%
Other Changes GBX2.80 Million +0.08%
Total Change GBX- 2.62%

Book Value vs Market Value Analysis

This analysis compares Bellway PLC'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: 75.09x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 3490.76x to 75.09x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1986-07-31 GBX0.64 GBX2234.00 x
1987-07-31 GBX0.74 GBX2234.00 x
1988-07-31 GBX0.73 GBX2234.00 x
1989-07-31 GBX0.87 GBX2234.00 x
1990-07-31 GBX0.91 GBX2234.00 x
1991-07-31 GBX1.17 GBX2234.00 x
1992-07-31 GBX0.97 GBX2234.00 x
1993-07-31 GBX1.34 GBX2234.00 x
1994-07-31 GBX1.31 GBX2234.00 x
1995-07-31 GBX1.45 GBX2234.00 x
1996-07-31 GBX1.56 GBX2234.00 x
1997-07-31 GBX1.88 GBX2234.00 x
1998-07-31 GBX2.18 GBX2234.00 x
1999-07-31 GBX2.48 GBX2234.00 x
2000-07-31 GBX2.92 GBX2234.00 x
2001-07-31 GBX3.38 GBX2234.00 x
2002-07-31 GBX4.07 GBX2234.00 x
2003-07-31 GBX4.93 GBX2234.00 x
2004-07-31 GBX5.92 GBX2234.00 x
2005-07-31 GBX6.89 GBX2234.00 x
2006-07-31 GBX7.90 GBX2234.00 x
2007-07-31 GBX8.99 GBX2234.00 x
2008-07-31 GBX8.72 GBX2234.00 x
2009-07-31 GBX8.37 GBX2234.00 x
2010-07-31 GBX8.54 GBX2234.00 x
2011-07-31 GBX8.86 GBX2234.00 x
2012-07-31 GBX9.33 GBX2234.00 x
2013-07-31 GBX9.98 GBX2234.00 x
2014-07-31 GBX11.16 GBX2234.00 x
2015-07-31 GBX12.84 GBX2234.00 x
2016-07-31 GBX15.20 GBX2234.00 x
2017-07-31 GBX17.81 GBX2234.00 x
2018-07-31 GBX20.74 GBX2234.00 x
2019-07-31 GBX23.67 GBX2234.00 x
2020-07-31 GBX24.22 GBX2234.00 x
2021-07-31 GBX26.58 GBX2234.00 x
2022-07-31 GBX27.24 GBX2234.00 x
2023-07-31 GBX28.10 GBX2234.00 x
2024-07-30 GBX28.96 GBX2234.00 x
2024-07-31 GBX28.96 GBX2234.00 x
2025-07-31 GBX29.75 GBX2234.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bellway PLC 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): 4.43%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.66%
  • • Asset Turnover: 0.54x
  • • Equity Multiplier: 1.46x
  • Recent ROE (4.43%) is below the historical average (13.41%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1986 13.31% 4.93% 1.45x 1.86x GBX806.00K
1987 13.69% 5.68% 1.55x 1.56x GBX1.29 Million
1988 21.63% 8.65% 1.20x 2.09x GBX4.77 Million
1989 22.72% 9.38% 1.05x 2.31x GBX6.20 Million
1990 13.97% 5.67% 1.18x 2.09x GBX2.03 Million
1991 7.93% 5.61% 0.76x 1.86x GBX-1.59 Million
1992 10.93% 6.68% 0.86x 1.90x GBX740.20K
1993 9.55% 7.61% 0.72x 1.75x GBX-528.90K
1994 14.78% 9.37% 0.80x 1.97x GBX6.10 Million
1995 16.13% 8.57% 0.91x 2.07x GBX8.70 Million
1996 14.01% 7.07% 0.93x 2.13x GBX6.19 Million
1997 17.70% 8.60% 1.01x 2.04x GBX14.89 Million
1998 17.92% 9.45% 0.97x 1.95x GBX18.59 Million
1999 17.56% 9.36% 0.94x 1.99x GBX20.32 Million
2000 19.61% 9.77% 1.10x 1.83x GBX30.36 Million
2001 19.05% 10.16% 1.01x 1.86x GBX33.58 Million
2002 19.10% 11.37% 0.90x 1.86x GBX41.87 Million
2003 21.28% 12.43% 0.96x 1.79x GBX62.85 Million
2004 21.31% 13.16% 0.92x 1.77x GBX76.33 Million
2005 19.13% 12.66% 0.83x 1.82x GBX71.17 Million
2006 17.24% 12.56% 0.83x 1.65x GBX65.39 Million
2007 16.09% 12.31% 0.83x 1.58x GBX63.13 Million
2008 2.70% 2.35% 0.68x 1.70x GBX-73.11 Million
2009 -2.84% -4.01% 0.51x 1.40x GBX-123.95 Million
2010 3.46% 4.66% 0.55x 1.35x GBX-67.67 Million
2011 4.68% 5.67% 0.60x 1.37x GBX-57.14 Million
2012 6.99% 7.89% 0.65x 1.37x GBX-34.06 Million
2013 8.91% 9.78% 0.67x 1.36x GBX-13.32 Million
2014 14.01% 12.89% 0.76x 1.44x GBX54.81 Million
2015 17.97% 16.04% 0.77x 1.45x GBX125.55 Million
2016 21.58% 17.98% 0.82x 1.46x GBX216.19 Million
2017 20.72% 17.75% 0.81x 1.44x GBX234.92 Million
2018 20.33% 17.58% 0.83x 1.39x GBX264.19 Million
2019 18.44% 16.76% 0.83x 1.33x GBX246.43 Million
2020 6.44% 8.67% 0.54x 1.36x GBX-106.50 Million
2021 11.88% 12.51% 0.67x 1.42x GBX61.92 Million
2022 7.20% 6.86% 0.71x 1.48x GBX-94.18 Million
2023 10.54% 10.71% 0.67x 1.48x GBX18.84 Million
2024 3.77% 5.48% 0.48x 1.44x GBX-216.04 Million
2024 3.77% 5.48% 0.48x 1.44x GBX-216.04 Million
2025 4.43% 5.66% 0.54x 1.46x GBX-198.12 Million

Industry Comparison

This section compares Bellway PLC's net assets metrics with peer companies in the Residential Construction industry.

Industry Context

  • Industry: Residential Construction
  • Average net assets among peers: $718,304,667
  • Average return on equity (ROE) among peers: 12.83%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Bellway PLC (BWY) GBX3.56 Billion 13.31% 0.46x $324.36K
The Berkeley Group Holdings plc (BKG) $654.42 Million 11.81% 0.37x $448.06K
Barratt Redrow plc (BTRW) $3.35 Billion 9.11% 0.53x $650.42K
Crest Nicholson Holdings plc (CRST) $-99.00 Million 0.00% 0.00x $50.59K
MJ Gleeson plc (GLE) $244.93 Million 13.83% 0.28x $26.99K
Springfield Properties Plc (SPR) $29.25 Million 13.90% 1.76x $19.14K
Watkin Jones PLC (WJG) $126.23 Million 28.36% 0.99x $8.93K