Howden Joinery Group/£HWDN
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Howden Joinery Group
Howden Joinery Group is a British company specializing in the design, manufacture, and sale of kitchens and joinery products. The company's core business involves providing products to trade professionals, particularly targeting builders who serve homeowners. Its product range includes kitchen cabinets, appliances, work surfaces, sinks, and related accessories. Founded in 1995 and headquartered in London, Howden primarily operates in the United Kingdom, with expanding presence in France and Belgium. A competitive strength of Howden is its exclusive trade-only model, which fosters loyalty among professional builders by offering trade discounts and support.
- Ticker
- £HWDN
- Sector
- Industrials
- Primary listing
- LSE
- Employees
- 12,000
- Headquarters
- London, United Kingdom
HWDN Metrics
BasicAdvanced
£4.3B
16.10
£0.49
1.30
£0.22
2.78%
Price and volume
Market cap
£4.3B
Beta
1.3
52-week high
£9.81
52-week low
£7.13
Average daily volume
1.4M
Dividend rate
£0.22
Financial strength
Current ratio
1.933
Quick ratio
1.148
Long term debt to equity
0.535
Total debt to equity
0.624
Dividend payout ratio (TTM)
44.46%
Interest coverage (TTM)
14.37%
Profitability
EBITDA (TTM)
410.8
Gross margin (TTM)
62.72%
Net profit margin (TTM)
10.86%
Operating margin (TTM)
14.25%
Effective tax rate (TTM)
22.53%
Revenue per employee (TTM)
£200,000
Management effectiveness
Return on assets (TTM)
9.42%
Return on equity (TTM)
23.94%
Valuation
Price to earnings (TTM)
16.102
Price to revenue (TTM)
1.742
Price to book
3.75
Price to tangible book (TTM)
3.96
Price to free cash flow (TTM)
13.288
Free cash flow yield (TTM)
7.53%
Free cash flow per share (TTM)
0.592
Dividend yield (TTM)
2.78%
Growth
Revenue change (TTM)
4.15%
Earnings per share change (TTM)
5.55%
3-year revenue growth (CAGR)
1.66%
10-year revenue growth (CAGR)
6.83%
3-year earnings per share growth (CAGR)
-7.72%
10-year earnings per share growth (CAGR)
5.25%
3-year dividend per share growth (CAGR)
2.05%
10-year dividend per share growth (CAGR)
7.78%
What the Analysts think about HWDN
Analyst ratings (Buy, Hold, Sell) for Howden Joinery Group stock.
Analyst projections of the future price of Howden Joinery Group stock.
Bulls say / Bears say
Howdens grew first-half sales by 3.3%, or 3.7% after adjusting for one fewer trading day, while underlying profit before tax rose 4.3%. Gross margin widened to 62.8%, showing that pricing, productivity and sourcing gains are protecting profitability in a difficult market. (Howden Joinery Group, Alliance News)
Howdens still has room to grow its dense depot network, with management seeing scope for about 1,000 UK sites and planning around 25 openings in 2026. International sales also grew strongly in the first half, while Ireland is expanding and offers a market that management says suits its trade-only, in-stock model. (Howden Joinery Group, Howden Joinery Group)
The £390m DIY Kitchens acquisition adds a fast-growing online, direct-to-consumer channel alongside Howdens' core trade business. Berenberg said the deal should broaden the customer base without cannibalising the trade-only model and raise underlying earnings estimates across the forecast period. (LSE.co.uk, Howden Joinery Group)
Management is planning for a broadly flat UK kitchen market in 2026, with volumes likely to be slightly lower. Because kitchens are discretionary purchases, weaker consumer confidence, renovation spending or housing activity could quickly pressure same-depot sales and profit. (Alliance News, Investors' Chronicle)
Howdens now expects about £40m of inflationary cost headwinds in 2026, £10m more than previously guided, partly because of Middle East-related pressure on commodities, labour and property. The group must offset this through price rises and productivity without damaging volumes or its industry-leading margin. (Howden Joinery Group, Howden Joinery Group)
The DIY Kitchens deal brings execution and financing risk as Howdens moves into a consumer-facing channel it previously avoided. The acquisition already produced £6.4m of first-half costs and adds about £9m of expected annual net interest, while management must also integrate the business without distracting from the core estate. (Howden Joinery Group, LSE.co.uk)
Data summarised monthly by Lightyear AI. Last updated on 28 Sept 2026.
HWDN Financial Performance
Revenues and expenses
HWDN Earnings Performance
Company profitability
Upcoming events
Funds containing HWDN
AllEURUSDGBP
Fund name | Fund size | £HWDN weighting |
|---|---|---|
iShares STOXX Europe 600 Retail€EXH8 | €11M | 6.80% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.36% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.36% |
iShares STOXX Europe Mid 200€EXSD | €610M | 0.31% |
Vanguard FTSE 100£VUKG | £1.9B | 0.16% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.