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Watkin Jones
(LSE:WJG)
Select Model
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Rating:44Neutral
Price Target:
15.00 p
▼(-13.59% Downside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by weak financial performance—declining revenue, losses, and especially negative operating/free cash flow—combined with bearish technicals as the stock trades below all key moving averages with negative MACD. Valuation provides limited offset because the negative P/E reflects unprofitability and no dividend yield is available to support the investment case.
Positive Factors
Institutional capital partnerships support scalable development
Institutional funding and forward-sale structures can reduce WJG’s need to retain development capital, supporting repeat project delivery and limiting direct exposure to asset ownership. This model links growth to established PBSA and BTR investor demand.
Negative Factors
Declining revenue indicates weaker operating momentum
Falling revenue suggests weaker project throughput, delayed completions or softer development activity. If sustained, lower turnover can reduce operating leverage, constrain investment capacity and make it harder to absorb fixed corporate and delivery costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Institutional capital partnerships support scalable development
Institutional funding and forward-sale structures can reduce WJG’s need to retain development capital, supporting repeat project delivery and limiting direct exposure to asset ownership. This model links growth to established PBSA and BTR investor demand.
Read all positive factors
Watkin Jones (WJG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£40.95M
Dividend Yield9.32%
Average Volume (3M)1.64M
Price to Earnings (P/E)―
Beta (1Y)1.46
Revenue Growth-20.73%
EPS Growth-2133.33%
CountryUK
Employees609
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)-0.03
Shares Outstanding256,926,480
10 Day Avg. Volume3,674,788
30 Day Avg. Volume1,642,923
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.70
Price to Sales (P/S)0.31
P/FCF Ratio-6.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)£221.10M
Watkin Jones Business Overview & Revenue Model
Company Description
Watkin Jones Plc, a company established in 1791, is headquartered in London, UK, and specializes in developing and managing residential properties across the United Kingdom. Its operations are divided into key segments: Student Accommodation, Buil...
How the Company Makes Money
Watkin Jones makes money primarily through (1) development income from delivering PBSA and BTR projects and (2) recurring fees from operating and managing assets on behalf of owners. Development income is generated when WJG originates a site, secu...
Watkin Jones Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 250.83M | 279.84M | 362.37M | 413.24M | 407.08M | 430.21M |
| Gross Profit | 14.31M | 19.38M | 33.81M | 34.86M | 67.07M | 84.78M |
| EBITDA | -2.21M | 2.74M | 10.83M | -32.27M | 32.80M | 66.03M |
| Net Income | -8.61M | -8.41M | 1.90M | -32.55M | 13.41M | 41.93M |
Balance Sheet | ||||||
| Total Assets | 289.72M | 312.44M | 331.89M | 371.52M | 386.96M | 430.62M |
| Cash, Cash Equivalents and Short-Term Investments | 67.06M | 80.40M | 96.91M | 72.56M | 110.84M | 136.29M |
| Total Debt | 35.96M | 43.56M | 54.36M | 73.72M | 77.39M | 141.21M |
| Total Liabilities | 165.03M | 187.44M | 199.30M | 241.51M | 210.01M | 245.81M |
| Stockholders Equity | 124.68M | 124.99M | 132.59M | 130.00M | 176.95M | 184.81M |
Cash Flow | ||||||
| Free Cash Flow | -14.08M | -14.25M | 30.10M | -32.05M | -27.52M | 61.25M |
| Operating Cash Flow | -13.96M | -14.12M | 30.22M | -31.50M | -26.86M | 61.46M |
| Investing Cash Flow | 10.38M | 8.80M | 16.74M | 14.98M | 11.58M | -147.00K |
| Financing Cash Flow | -16.18M | -11.25M | -22.43M | -21.89M | -10.17M | -59.53M |
Watkin Jones Technical Analysis
Negative
17.36
Price Trends
17.85
Negative
19.55
Negative
24.06
Negative
Market Momentum
-0.56
Positive
38.20
Neutral
30.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WJG, the sentiment is Negative. The current price of 17.36 is above the 20-day moving average (MA) of 17.04, below the 50-day MA of 17.85, and below the 200-day MA of 24.06, indicating a bearish trend. The MACD of -0.56 indicates Positive momentum. The RSI at 38.20 is Neutral, neither overbought nor oversold. The STOCH value of 30.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:WJG.
Watkin Jones Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £2.99B | 9.83 | 8.79% | 6.88% | -4.15% | -10.86% | |
66 Neutral | £820.42M | 6.31 | 4.20% | 7.03% | -4.38% | 100.09% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
51 Neutral | £144.67M | 10.22 | 4.67% | 4.44% | 8.34% | -13.44% | |
46 Neutral | £148.15M | -4.91 | -4.32% | 5.37% | -8.41% | 58.66% | |
45 Neutral | £3.95B | 18.46 | 2.73% | 5.99% | 28.95% | 43.50% | |
44 Neutral | £40.95M | -4.77 | -6.89% | 9.32% | -20.73% | -2133.33% |
* Consumer Cyclical Sector Average
GB:WJG
Watkin Jones
16.04
-14.66
-47.75%
GB:BTRW
Barratt Redrow
285.50
-64.57
-18.45%
GB:BKG
The Berkeley Group Holdings
3,284.00
-358.00
-9.83%
GB:VTY
Vistry Group
268.20
-321.00
-54.48%
GB:CRST
Crest Nicholson Holdings
57.70
-91.64
-61.36%
GB:GLE
MJ Gleeson PLC
247.50
-70.12
-22.08%
Watkin Jones Corporate Events
Other
Watkin Jones Chair Increases Stake with Share Purchase
Positive
Aug 28, 2026
Watkin Jones has disclosed that its Non-Executive Chair, Alan Giddins, has purchased 177,000 ordinary shares in the company at a price of 16.86 pence per share. Following the transaction, Giddins’ total holding has risen to 1,205,000 shares,...
Business Operations and StrategyFinancial Disclosures
Watkin Jones Flags Flat FY26 Profit but Strong Cash and Build-to-Rent Completions
Neutral
Aug 28, 2026
Watkin Jones reports that it has executed effectively against commercial objectives in FY26, focusing on cash discipline and operational delivery despite geopolitical uncertainty and weaker transactional liquidity. The Group recently completed two...
Business Operations and StrategyFinancial Disclosures
Watkin Jones secures £60m in new contracts as it navigates challenging real estate markets
Neutral
Jul 30, 2026
Watkin Jones reported continued operational delivery in its third quarter to 30 June 2026, maintaining margins on in-build projects while prioritising cost and cash management through measures such as early procurement to counter inflationary pres...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Watkin Jones Grants Sharesave Options and Discloses CEO Award
Positive
Jul 13, 2026
Watkin Jones plc, a U.K. real estate developer and manager, uses share-based schemes to align employees and executives with shareholder value while complying with market disclosure rules. The group’s position in the property sector makes suc...
Regulatory Filings and Compliance
Watkin Jones Confirms Total Voting Rights at End of June 2026
Neutral
Jul 1, 2026
Watkin Jones plc has confirmed that as of 30 June 2026 its issued share capital comprises 256,926,493 ordinary shares of £0.01 each, with no shares held in treasury. This establishes the company’s total voting rights at 256,926,493, pro...
Regulatory Filings and Compliance
Watkin Jones Updates Registered Office Address in London
Neutral
Jun 1, 2026
Watkin Jones plc has changed its registered office address from 12 Soho Square, London W1D 3QF to Fourth Floor, Sicilian House, 21 Southampton Row, London WC1B 5HA, effective 1 June 2026. The move is a formal administrative change to the company&#...
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.