Persimmon PLC
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|>Py | LOCK|>Q& | LOCK|!!&>yJ< |
Persimmon Is Well Positioned Among UK Homebuilders Given Highest Exposure to First-Time Buyers
Business Strategy and Outlook
Persimmon is one of the UK’s largest homebuilders by revenue and dwelling completions, marketing homes under its three brands: Persimmon Homes, Charles Church, and Westbury Partnerships. Persimmon distinguishes itself from peers by operating in the lower-priced segment of the new-build market, targeting first-time buyers; Persimmon Homes' average selling price was 20% below the UK new-build national average in 2024. Charles Church is Persimmon’s premium brand, selling homes at average selling prices 50% above Persimmon Homes’. Westbury Partnerships develops affordable social housing that is sold to housing associations.
