Added to YB: 2024-07-15
Pitch date: 2024-07-12
PSN.L [neutral]
Persimmon Plc
-21.23%
current return
Author Info
No bio for this author
Company Info
Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name.
Market Cap
GBP 3.5B
Pitch Price
GBP 13.56
Price Target
N/A
Dividend
5.48%
EV/EBITDA
7.10
P/E
12.40
EV/Sales
0.91
Sector
Household Durables
Category
growth
3 FTSE housebuilding stocks on my radar - Persimmon Plc
PSN.L: UK homebuilder on track for 10-10.5k completions in 2024. Q1: 1,027 homes, 6% higher private sales rate, 18% up in forward sales to £1.14B. Avg selling price +6% to £283k. 82.5k land plots, £145M land spend. 263 outlets (+28). Expect H2 build cost deflation & price stability. Risks: UK housing market volatility, interest rates.
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