Harworth (UK6A) AI Stock Analysis

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Harworth

(Frankfurt:UK6A)

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Positive Factors

Construction-Ready Development PipelineThe substantial construction-ready land bank provides a visible route to future monetisation through serviced land sales, development or partnerships. Its estimated GBP 600 million gross development value supports medium-term growth potential and reflects progress through planning and infrastructure stages.

Negative Factors

Volatile Revenue and Core Operating ProfitabilityThe sharp revenue decline and negative operating profit show that earnings remain dependent on development timing and are not consistently supported by recurring core operations. Lower and less predictable profitability can constrain reinvestment and make future results harder to forecast.

Harworth (UK6A) vs. iShares MSCI Germany ETF (EWG)

Market Cap: EUR 659.74M
Dividend Yield: 0.87%
Average Volume (3M): 585
Price to Earnings (P/E): -25.0
Beta (1Y): 0.39
Revenue Growth: -36.83%
EPS Growth: -147.42%
Country: Germany
Employees: 146
Sector: Real Estate
Sector Strength: 65
Industry: Real Estate - Development

Harworth Business Overview & Revenue Model

Company Description

Harworth Group plc specializes in land and property revitalization, with its operations concentrated across the North of England and the Midlands. The company's business model is structured around two main divisions: Income Generation and Capital Gro...

Harworth Earnings Call Summary

Earnings Call Date:Sep 09, 2026(Q2-2026)|% Change Since:21.42%|Next Earnings Date:Mar 23, 2027

Earnings Call SentimentPositive

The call was predominantly positive, with strong operational momentum, record construction-ready land capacity, progress on pre-lets and powered land transactions, robust liquidity, a 10% interim dividend increase and a strategic shift toward higher-returning industrial, logistics and powered land opportunities. These positives were partly offset by a -3.7% total accounting return, a GBP 14.9 million portfolio value loss, residential market weakness, development-cost inflation, lower first-half property sales and higher net debt during the investment phase.

Positive Updates

Strong Operational Momentum

Management described the first half as a period of strong operational momentum and disciplined delivery despite a challenging market backdrop, with continued progress across the industrial and logistics and powered land pipelines.

Negative Updates

Negative Total Accounting Return

Total accounting return was -3.7%, driven primarily by a reduction in EPRA NDV per share from GBP 224.4 pence at December 31, 2025 to GBP 214.8 pence.

Company Guidance

Harworth said its substantially construction-ready land bank has the potential for gross development value estimated at GBP 600 million over the next three to five years, with 3.8 million sq ft substantially construction-ready and a further 9.6 million sq ft in the medium-term pipeline. The company intends to exit the residential sector entirely, reallocate capital to industrial and logistics and powered land, increase its 0.8 gigawatt U.K. powered land pipeline to 1.9 gigawatts, and manage its investment portfolio toward a medium-term stabilized value in the order of GBP 500 million to GBP 600 million, alongside a 100% Grade A target. It is targeting low double digit total accounting returns in the long term and low double-digit total accounting returns in the longer term, while targeted cost savings will be published as soon as possible; if surplus capital is identified after material asset sales and assessment of future accretive capital deployment opportunities, the board will consider returning some or all of this surplus capital to shareholders.

Harworth Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

DE:UK6A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GB:LMP	78Outperform	GBP 4.58B	14.40	6.29%	6.69%	17.12%	-23.84%
GB:BLND	74Outperform	GBP 4.41B	9.33	7.73%	5.38%	15.13%	29.40%
GB:MTVW	70Outperform	GBP 343.11M	16.86	5.05%	6.07%	-0.42%	-13.35%
GB:SGRO	70Outperform	GBP 12.44B	42.76	2.46%	3.42%	6.58%	-52.02%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GB:BOOT	54Neutral	GBP 198.81M	16.82	2.93%	5.29%	-40.97%	-53.09%

* Real Estate Sector Average

Performance Comparison

DE:UK6A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
DE:UK6A	Harworth Group plc	2.42	0.59	32.39%
GB:BOOT	Henry Boot	148.50	-69.38	-31.84%
GB:BLND	British Land Company plc	429.40	53.19	14.14%
GB:LMP	LondonMetric Property	187.60	6.37	3.52%
GB:MTVW	Mountview Estates	8650.00	-493.20	-5.39%
GB:SGRO	Segro Plc (Reit)	922.00	227.10	32.68%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.

Harworth AI Stock Analysis