Bellway/£BWY

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About Bellway

Bellway is a residential property development company based in the United Kingdom. It focuses on designing, building, and selling a variety of homes across the country, catering to both private buyers and housing associations. The company operates through several regional divisions, allowing it to maintain a broad geographic presence throughout the UK. Founded in 1946, Bellway has established a reputation for constructing high-quality homes, with an emphasis on both urban and suburban areas. Its strategic approach includes leveraging local expertise to navigate the complexities of regional markets while adhering to standardised building practices to ensure efficiency and consistency.
Ticker
£BWY
Primary listing
LSE
Employees
2,719

Bellway Metrics

BasicAdvanced
£2.4B
15.98
£1.32
1.22
£0.72
3.43%

What the Analysts think about Bellway

Analyst ratings (Buy, Hold, Sell) for Bellway stock.
Analyst projections of the future price of Bellway stock.

Bulls say / Bears say

Bellway exceeded its own volume target, completing 9,695 homes, up 10.8%, while expected underlying operating profit rose 5.4% to about £320m. That is a solid result despite subdued trading for much of the year. (Bellway)
Cash generation strengthened sharply, taking Bellway from £41.8m of net cash to £157.7m and reducing adjusted gearing to below 5%. This gives it room to keep investing selectively and fund a further £50m buyback after the existing £150m programme. (Bellway, Financial News)
Berenberg upgraded Bellway to Buy and raised its price target to 2,400p, arguing that valuation, balance-sheet strength and capital returns are attractive even in a weak market. This suggests the shares may already discount much of the near-term housing pain. (Financial News)
Future sales visibility has weakened: the forward order book fell to 4,206 homes worth £1.20bn from 5,307 homes worth £1.52bn. The fall came alongside lower private reservation rates, so the strong completion number may overstate the strength of the year ahead. (Bellway, Housing Today)
Profit quality is under pressure: the expected operating margin fell to about 10% from 10.9% because more homes were sold through lower-margin bulk transactions. If private demand remains weak, Bellway may need to rely more heavily on this less profitable route to maintain volumes. (Financial News, Bellway)
Higher mortgage rates have cooled customer demand, while energy-driven increases in materials costs and supplier surcharges threaten further pressure. Bellway has warned that this combination could create a prolonged period of softer demand and renewed build-cost inflation. (Reuters, Bellway)
Data summarised monthly by Lightyear AI. Last updated on 28 Sept 2026.

Bellway Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Bellway Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Bellway

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