Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Bellway plc is a prominent residential property developer and housebuilder headquartered in Newcastle upon Tyne, England. Founded in 1946 by the Bell family as a local housebuilding operation, it has evolved into one of the UK's largest volume housebuilders, delivering over 100,000 homes across England, Scotland, and Wales through 20 operating divisions. The company constructs a diverse range of properties, from one-bedroom apartments to six-bedroom family homes, under brands including Bellway, Ashberry, and Bellway London, while also supplying homes to housing associations for social housing. Bellway plc emphasizes quality and customer satisfaction, achieving a 5-star rating in the Home Builders Federation survey for nine consecutive years, with over 90% of customers recommending it. Employing nearly 3,000 people directly and supporting thousands more via subcontractors, it focuses on sustainable practices through its Bellway4Good initiative. As a FTSE 250 constituent, Bellway plc plays a vital role in addressing UK housing demand, leveraging a substantial land bank to navigate market cycles in the residential construction sector.
£19.69
+£0.13 (+0.66%)
EOD Jul 3, 2026
Operating margin is thin at 8.94%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 30.1% YoY. Margins deteriorated 5.9pp alongside, both lines moving the wrong way.
Free cash flow declined 129% versus the prior year, cash generation momentum has weakened. ROIC dropped from 10.72% to 4.19%, capital efficiency is deteriorating.
18.1x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£2.38B
▼ -30.1% YoY
Net Income (TTM)
£131M
▼ -64.2% YoY
Op. Margin
8.94%
▼ -5.9pp YoY
ROIC
4.19%
▼ -6.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-£67M
▼ -128.7% YoY
Op. Cash Flow (TTM)
£34M
▼ -87.2% YoY
Net Debt
£25M
Cash & Equiv.
£120M
3Y CAGR: -8.7%
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At a P/E of 18.1, A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Bellway scores 19/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.6%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Bellway scores 19 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 8.9% operating margin and a 4.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Bellway pays a regular dividend of about £1.11 per share per year (typically in quarterly installments), a yield of roughly 5.6% at the current price. That is a payout ratio of about 100.9% of earnings, so the dividend is stretched at this level. Bellway has grown the dividend at roughly 7.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For BWY.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh BWY.XLON's valuation and scores 19/100 on quality (lower-quality). It also yields about 5.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.