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Persimmon PLC PSN Stock Quote

| Rating as of

XLON: PSN

Last close prices updated as of Mar 24, 2023, 5:03 PM BST | GBX
  • Last Close 12
  • Sector Consumer Cyclical
  • Industry Residential Construction
  • Investment Style Mid Value
  • Day Range 1,192.84  –  1,216.38
  • Year Range 1,113.50  –  2,277.47
  • Market Cap 383.1881 Bil
  • Volume / Avg 1.3 Mil /  1.6 Mil
  • Price / Sales 1.01
  • Price / Book 1.11
  • Forward Div Yield 14.17%
  • Trailing Div Yield 0.09%

Morningstar‘s Stock Analysis PSN

Valuation
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Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

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Persimmon Earnings: Shares Remain Appealing Despite Bleak 2023 Outlook Amid Slowing Housing Market

Grant Slade Senior Equity Analyst

Analyst Note

| Grant Slade |

We were unsurprised by no-moat Persimmon’s performance in 2022, which benefitted from strong housing market conditions throughout the first nine months of 2022 representing the cyclical peak of the U.K. housing market cycle. Consequently, Persimmon’s full-year 2022 delivery of 14,868 home completions, underlying EBIT of GBP 1.0 billion, and EPS of GBP 2.42 broadly aligned with our forecasts. Robust average selling price, or ASP, growth in 2022, proved sufficient to largely offset soaring built cost inflation, with full-year EBIT margin easing a modest 80 basis points year on year to 27.2%.

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Key Statistics PSN

Company Profile PSN

Business Description

Persimmon is the U.K.’s second largest residential property developer by revenue and dwelling completions, marketing homes under its three brands: Persimmon Homes, Charles Church, and Westbury Partnerships. Persimmon largely caters to the lower-priced segment of the newbuild market, attracting more first-time homebuyers than any of its peer homebuilders. Aligning with the typical business model employed by U.K. homebuilders, Persimmon is a vertically integrated speculative homebuilder.

Contact
Persimmon House, Fulford
York, YO19 4FE, GBR
Industry Residential Construction
Employees 5,554

Related Articles PSN

FAQs for Persimmon PLC Stock

Yes. PSN has a forward dividend yield of 13.94%. See PSN’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

PSN’s market cap is 383.19 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

PSN’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

PSN’s price/sales is 1.03.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

PSN’s price/forward earnings is 8.42.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

PSN’s price/book is 1.11.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See PSN’s valuation ratios compared to the Market Index.

PSN’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare PSN’s historical performance against its industry peers and the overall market.