Added to YB: 2025-10-14
Pitch date: 2025-10-11
HWDN.L [bullish]
Howden Joinery Group Plc
Author Info
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Company Info
Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.
Market Cap
GBP 4.4B
Pitch Price
N/A
Price Target
12.00 (+48%)
Dividend
3.25%
EV/EBITDA
9.68
P/E
17.82
EV/Sales
2.03
Sector
Trading Companies and Distributors
Category
growth
Show full summary:
Howden Joinery: Depot Autonomy, Vertical Control Create Moat
HWDN.L: UK kitchen supplier w/ 870+ depot network serving tradespeople exclusively. Powerful moat via network effects, low switching costs, entrepreneurial culture. Path to 1,000 depots, upmarket expansion, adjacent products. France reset underway. Base case £12 vs £8.74 current price (~37% upside).
Read full article (2 min)