PERSIMMON ORD GBP0.10
Symbol: PSN
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Company
Business Summary
Persimmon Plc is a United Kingdom-based housebuilder serving local markets with 30 offices across the country and three off-site manufacturing facilities. The Company operates from 30 regional offices throughout the United Kingdom, trading under the brand names of Persimmon Homes, Charles Church, and Westbury Partnerships. The Company operates three off-site manufacturing facilities: Space4, Brickworks, and Tileworks. Its Persimmon Homes brand delivers a range of traditional family housing throughout the United Kingdom in places where customers wish to live and work. The Charles Church brand complements and differentiates itself from Persimmon by delivering higher-specification homes in locations across the United Kingdom. It builds homes under this brand tailored to local markets. Its Westbury Partnerships focuses on affordable social housing. The Space4 business operates an off-site manufacturing plant producing timber frames, insulated wall panels and roof cassettes.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Persimmon plc revenues decreased 27% to £2.77B. Net income decreased 54% to £255.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Operating expenses increase of 19% to £181.8M (expense), Imputed Interest on Deferred Land Payabl increase from £1.8M to £6M (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 2,773.20 | 3,815.80 | 3,610.50 | 3,328.30 | 3,649.40 | 3,737.60 |
Gross profit | 520.10 | 867.50 | 1,083.80 | 894.40 | 1,130.70 | 1,179.90 |
Operating Profit/Loss | 346.90 | 724.90 | 960.50 | 783.50 | 1,029.40 | 1,082.70 |
Profit Before Tax | 351.80 | 730.70 | 966.80 | 783.80 | 1,040.80 | 1,090.80 |
Profit After Tax | 255.40 | 561.00 | 787.20 | 638.40 | 848.80 | 886.40 |
Equity Holders of Parent Company | 255.40 | 561.00 | 787.20 | 638.40 | 848.80 | 886.40 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 479.60 | 487.70 | 469.70 | 378.30 | 420.70 | 436.00 |
Total Current Assets | 4,308.20 | 4,546.40 | 4,322.50 | 4,244.80 | 4,068.60 | 4,215.70 |
Total Assets | 4,787.80 | 5,034.10 | 4,792.20 | 4,623.10 | 4,489.30 | 4,651.70 |
Total Liabilities | 1,369.30 | 1,594.80 | 1,167.00 | 1,104.70 | 1,231.00 | 1,457.20 |
Total Net Assets | 3,418.50 | 3,439.30 | 3,625.20 | 3,518.40 | 3,258.30 | 3,194.50 |
Shareholders Funds | 3,418.50 | 3,439.30 | 3,625.20 | 3,518.40 | 3,258.30 | 3,194.50 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 3,418.50 | 3,439.30 | 3,625.20 | 3,518.40 | 3,258.30 | 3,194.50 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy2 |
Buy1 |
Neutral11 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 2 | 1 | 11 | 1 | 0 |
Consensus |
ConsensusNeutral |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £2,784.27mn | £3,083.26mn | £3,363.63mn |
Pre-tax-Profit | £392.34mn | £489.55mn | £592.39mn |
EPS | £0.85p | £1.07p | £1.31p |
EPS Growth | 2.61% | 26.71% | 22.26% |
P/E | 15.61 | 12.35 | 10.49 |
PEG Ratio | 5.99 | 0.46 | 0.47 |
Dividend | 61.88p | 66.51p | 72.11p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
4th Jul 2023 | JP Morgan Cazenove | DownGrade | 1031p | 1600p | 1090p | Neutral |
27th Jun 2023 | Barclays | Reiteration | 1045p | 0p | 1200p | Equal-weight |
22nd Jun 2023 | Jefferies | Reiteration | 1103p | 1396p | 1192p | Hold |
12th Jun 2023 | UBS | Reiteration | 1220p | 1230p | 1300p | Neutral |
12th May 2023 | Berenberg Bank | Reiteration | 1338p | 0p | 1400p | Hold |
27th Apr 2023 | Barclays | Reiteration | 1282p | 0p | 1300p | Equal-weight |
27th Apr 2023 | Berenberg Bank | Reiteration | 1282p | 1600p | 1400p | Hold |
13th Mar 2023 | Citigroup | Reiteration | 1223p | 0p | 0p | Sell |
8th Mar 2023 | Jefferies | Reiteration | 1278p | 1469p | 1396p | Hold |
1st Mar 2023 | Peel Hunt Limited | Reiteration | 1277p | 0p | 1190p | Hold |
Time & Sales
Sorry, sales information on this investment is not available at this time.