Persimmon (OHP0) AI Stock Analysis
Persimmon
(Frankfurt:OHP0)
No summary available
Persimmon (OHP0) vs. iShares MSCI Germany ETF (EWG)
- Market Cap
- EUR 5.35B
- Dividend Yield
- 4.84%
- Average Volume (3M)
- ―
- Price to Earnings (P/E)
- 13.1
- Beta (1Y)
- 0.78
- Revenue Growth
- 13.46%
- EPS Growth
- 14.89%
- Country
- Germany
- Employees
- 4,675
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Residential Construction
Persimmon Business Overview & Revenue Model
Company Description
Persimmon Plc operates as a prominent residential property developer throughout the United Kingdom, inclusive of its subsidiary companies. The firm offers a varied portfolio of housing, encompassing family residences marketed under the Persimmon Home...
Persimmon Earnings Call Summary
The call presents a decidedly positive operational story: clear volume-led growth (completions +13%), higher operating profit (+10%) and stronger order book and land/pipeline positions. These positives are tempered by meaningful near-term margin headwinds from embedded build-cost inflation, incentives, remediation liabilities (GBP 206m) and a short-term sales softening. Management retains a strong balance sheet, medium-term targets (20% operating margin and improved ROCE) and active mitigation plans (self-help cost savings, vertical integration, new house types), and reiterates guidance for c.12,500 homes in 2026. Overall the positives around growth, cash/land position and strategic progress outweigh the near-term cost and execution risks.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Guidance reiterated that, assuming stable market conditions, Persimmon expects to deliver around 12,500 homes in FY26 (the top end of prior guidance) with underlying PBT broadly in line with consensus and year‑end net cash in line with previous guidance; adjusted gearing was 18% at 30 June (including land creditors) and could be around 20% at year‑end. Key H1 metrics underpinning that view include 5,189 completions (+13%), private completions 4,261 (+7%), average outlets 273, net private weekly sales 205 (+7%), a private sales rate (incl. bulk) of 0.75 (5‑week rate 0.72 incl. bulk, 0.59 excl.), a £1.9bn total forward order book (private book £1.3bn, up 5%, ~8% sold for the year; affordable order book £600m fully secured), underlying PBT £170m (+3%), underlying operating profit £189m (+10%) with a 12.8% operating margin, housing revenue ~£1.5bn, gross profit £267m (gross margin 18%), underlying EPS 38p (+3%), ROCE 11.3% (+10%), net debt £165m, PX stock £168m, £1bn committed bank facilities, owned/controlled land bank ~81,000 plots (strategic/promoter land ~93,000 plots), 6,123 detailed planning plots secured in H1 (118% of completions), and remediation items: closing provision £206m, H1 remediation spend £24m (total >£200m to date) with c.£100m planned this year; management also flags an embedded cost headwind of c.£40–50m over 18 months (half already identified to be mitigated) and reiterates medium‑term ambitions of a 20% operating margin and improved ROCE.
Persimmon Peers Comparison
Overall Rating
PHM69Neutral
LEN65Neutral
DHI64Neutral
MTH62Neutral
KBH56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| PHM | 69Neutral | $22.96B | 13.27 | 13.80% | 0.83% | -9.35% | -27.96% |
| LEN | 65Neutral | $20.65B | 16.43 | 6.03% | 2.30% | -8.01% | -47.77% |
| DHI | 64Neutral | $40.84B | 14.38 | 12.22% | 1.23% | -3.52% | -12.68% |
| MTH | 62Neutral | $4.20B | 14.49 | 5.84% | 2.90% | -14.89% | -41.01% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| KBH | 56Neutral | $2.91B | 13.21 | 5.93% | 2.09% | -20.80% | -50.30% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DE:OHP0 | Persimmon Plc Unsponsored ADR | 30.00 | 3.75 | 14.27% | |
| DHI | D.R. Horton Inc | 152.93 | 9.07 | 6.30% | |
| KBH | KB Home | 50.66 | -9.19 | -15.35% | |
| LEN | Lennar Corporation | 91.02 | -27.96 | -23.50% | |
| MTH | Meritage Homes Corp | 69.01 | 5.49 | 8.64% | |
| PHM | Pultegroup | 131.29 | 12.66 | 10.67% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.