Bellway PLC
BWY: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| GBX 8,119.00 | Bbzc | Bswdyxtl |
Profit Margin Headwinds Are Abating for Bellway as UK House Prices Return to Growth in 2024
Business Strategy and Outlook
Bellway is the fourth-largest residential property developer in the UK market by revenue and annual home completions, and operates under a vertically integrated business model typical of the UK industry. Volume growth and consequent market share gains are the group’s current focus in creating value for shareholders. To support this growth, Bellway invested in its land bank at an unprecedented level over the fiscal 2021 - fiscal 2022 period. Build quality is a strategic focus for the group, evidenced by the consistent award of a 5-star House Builder Rating from the UK’s Home Builders Federation since 2017.