Added to YB: 2026-08-28
Pitch date: 2026-08-25
WJG.L [bullish]
Watkin Jones Plc
+1.12%
current return
Author Info
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Company Info
Watkin Jones Plc engages in the development and the management of properties for residential occupation in the United Kingdom.
Market Cap
GBP 42.9M
Pitch Price
GBP 0.18
Price Target
43.20 (+23900%)
Dividend
N/A
EV/EBITDA
49.09
P/E
-5.21
EV/Sales
0.05
Sector
Real Estate Management and Development
Category
turnaround
67m of Cash, 45m Market Cap – my kind of Net-Net - Watkin Jones Plc
WJG.L: Watkin Jones trades at a £43m market cap versus £61m net cash and £114.5m tangible book value, effectively assigning negative value to its land, pipeline and management platform. Gross margins have recovered from 8.4% in FY23 to 14.2% at HY26, while diversified activities now exceed 40% of revenue. A re-rating to 0.9x tangible book implies 140% upside, but further remediation costs or cash erosion could eliminate the margin of safety.
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