Financials Taylor Wimpey plc OTC Markets

Equities

TWODY

US8774091024

Homebuilding

Market Closed - OTC Markets Other stock markets 13:39:13 2024-06-21 EDT			5-day change	1st Jan Change
18.17 ^USD	-2.01%		-3.85%	-2.19%

06-20	Harworth nets GBP19.6 million from sale to Taylor Wimpey	AN
06-20	Harworth Group Sells UK Serviced Land Parcel to Taylor Wimpey for GBP20 Million	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	6,316	6,025	6,386	3,581	5,188	5,097	-	-
Enterprise Value (EV) ¹	5,771	5,306	5,549	2,717	4,510	4,542	4,570	4,551
P/E ratio	9.39 x	26.3 x	11.5 x	5.65 x	14.9 x	17.4 x	13.7 x	12.2 x
Yield	9.63%	2.5%	4.72%	9.25%	6.51%	6.55%	6.65%	6.63%
Capitalization / Revenue	1.45 x	2.16 x	1.49 x	0.81 x	1.48 x	1.51 x	1.37 x	1.27 x
EV / Revenue	1.33 x	1.9 x	1.29 x	0.61 x	1.28 x	1.35 x	1.23 x	1.13 x
EV / EBITDA	6.74 x	17.2 x	6.57 x	2.95 x	9.39 x	10.6 x	8.41 x	7.29 x
EV / FCF	11.6 x	-17.2 x	13 x	5.72 x	36.8 x	24.6 x	20.4 x	15.5 x
FCF Yield	8.62%	-5.83%	7.7%	17.5%	2.72%	4.06%	4.9%	6.46%
Price to Book	1.92 x	1.5 x	1.48 x	0.8 x	1.16 x	1.14 x	1.13 x	1.1 x
Nbr of stocks (in thousands)	3,265,976	3,634,083	3,638,465	3,522,899	3,527,875	3,539,371	-	-
Reference price ²	1.934	1.658	1.755	1.016	1.470	1.440	1.440	1.440
Announcement Date	2/26/20	3/2/21	3/3/22	3/2/23	2/28/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	4,341	2,790	4,285	4,420	3,514	3,366	3,724	4,026
EBITDA ¹	856	309	844.2	922	480.5	429.8	543.5	623.9
EBIT ¹	842.5	292.4	828.6	907.5	467.8	415.2	528	610.1
Operating Margin	19.41%	10.48%	19.34%	20.53%	13.31%	12.34%	14.18%	15.15%
Earnings before Tax (EBT) ¹	835.9	264.4	679.6	827.9	473.8	411.3	516.5	574.9
Net income ¹	673.9	217	555.5	643.6	349	291.7	368.2	418
Net margin	15.52%	7.78%	12.96%	14.56%	9.93%	8.67%	9.89%	10.38%
EPS ²	0.2060	0.0630	0.1530	0.1800	0.0990	0.0829	0.1049	0.1184
Free Cash Flow ¹	497.4	-309.2	427.3	475.4	122.7	184.6	224.1	293.8
FCF margin	11.46%	-11.08%	9.97%	10.76%	3.49%	5.48%	6.02%	7.3%
FCF Conversion (EBITDA)	58.11%	-	50.62%	51.56%	25.54%	42.94%	41.24%	47.09%
FCF Conversion (Net income)	73.81%	-	76.92%	73.87%	35.16%	63.28%	60.88%	70.28%
Dividend per Share ²	0.1863	0.0414	0.0828	0.0940	0.0958	0.0943	0.0958	0.0955
Announcement Date	2/26/20	3/2/21	3/3/22	3/2/23	2/28/24	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2021 S1	2021 S2	2022 S1
Net sales ¹	2,609	2,196	2,089	2,077
EBITDA	-	-	-	-
EBIT ¹	530.4	424	404.6	424.6
Operating Margin	20.33%	19.31%	19.37%	20.44%
Earnings before Tax (EBT) ¹	-	-	-	334.5
Net income ¹	-	235.8	319.7	260.7
Net margin	-	10.74%	15.31%	12.55%
EPS ²	-	-	-	0.0720
Dividend per Share ²	-	-	-	0.0462
Announcement Date	2/26/20	8/4/21	3/3/22	8/3/22

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	546	719	837	864	678	555	526	546
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	497	-309	427	475	123	185	224	294
ROE (net income / shareholders' equity)	20.3%	5.93%	13.3%	14.6%	7.73%	6.59%	8.32%	9.59%
ROA (Net income/ Total Assets)	12.9%	3.97%	9.27%	10.1%	5.48%	4.71%	5.98%	6.6%
Assets ¹	5,216	5,463	5,994	6,361	6,368	6,196	6,159	6,335
Book Value Per Share ²	1.010	1.100	1.180	1.270	1.270	1.270	1.270	1.310
Cash Flow per Share ²	0.1600	-0.0900	0.1200	0.1300	0.0400	0.0700	0.0700	0.0900
Capex ¹	12.6	8	4.6	2.1	6.9	8.39	8.39	8.39
Capex / Sales	0.29%	0.29%	0.11%	0.05%	0.2%	0.25%	0.23%	0.21%
Announcement Date	2/26/20	3/2/21	3/3/22	3/2/23	2/28/24	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Taylor Wimpey plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.44 GBP

Average target price

1.582 GBP

Spread / Average Target

+9.89%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Other Homebuilding

	1st Jan change	Capi.
DR HORTON	-6.31%	46.89B
PULTEGROUP, INC.	+8.09%	23.47B
DAIWA HOUSE INDUSTRY CO., LTD.	-7.40%	15.86B
SEKISUI HOUSE, LTD.	+9.32%	13.91B
TOLL BROTHERS, INC.	+13.94%	12.02B
SUMITOMO FORESTRY CO., LTD.	+21.75%	6.56B
THE BERKELEY GROUP HOLDINGS PLC	+0.90%	6.32B
BARRATT DEVELOPMENTS PLC	-15.71%	5.8B
SEKISUI CHEMICAL CO., LTD.	+7.72%	5.73B

Other Homebuilding