PSN

Persimmon (PSN)

Company name:	Persimmon Plc
Company Description:	Develops, designs and builds a wide range of high quality homes throughout the UK with a focus on the middle-to-upper sector of the market
COD:	PSN	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	GB0006825383
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.persimmonhomes.com/	Description:	ORD 10P
Industry Sector:	HOUSEHOLD GOODS & HOME CONSTRUCTION

Price	Variação [%]	Bid	Offer	Abertura	MAX	MIN	Volume
1,350.00	-25.5 [-1.85]	1,343.00	1,344.50	1,375.00	1,432.50	1,334.50	2,768,922
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52 Semanas
4,310.58	319.30	0.25	246.80	360.00	5.47	26.67	2,930.00 - 1,320.50

Persimmon Key Figures

Key Figures
(at previous day's close)
Market Cap.	4,310.58	m
Shares In Issue	319.30	m
Prev. Close	1,375.50
PE Ratio	5.47
Dividend Yield	26.67	%
EPS - basic	246.80	p
Dividend PS	360.00	p
Dividend Cover	0.69
Cash Flow PS	245.79	p
Return On Equity (ROE)	21.71	%
Operating Margin	26.78	%
PEG Factor	0.24
EPS Growth Rate	23.22	%
Dividends PS Growth Rate	227.27	%
Dívida Líquida	-79.60	m
Gross Gearing	24.35	%
Quick Assets	1,447.80	m
Net Working Capital	3,483.30	m
Intangibles / Fixed Assets	41.44	%
Turnover PS	1,130.75	p
Pre-Tax Profit PS	302.79	p
Retained Profit PS	11.78	p
Cash PS	390.41	p
Net Cash PS	113.18	p
Net Tangible Asset Value PS *	1,080.36	p
Net Asset Value PS	1,135.35	p
Spread	1.50 (0.11%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Persimmon Balance Sheet

%1$s Balance Sheet

Share Price Performance

Share Price Performance
Sample Period ^†	MAX	MIN
1 Semana	1,456.00	1,320.50
4 Semanas	1,531.00	1,320.50
12 Semanas	1,914.50	1,320.50
1 Ano	2,930.00	1,320.50

Share Price Chart (5 years)

Persimmon Historic Returns

%1$s Historic Returns
Período ^†	Abertura	VAB	%	Abertura Média	Vol Diário Médio [m]	Volume [m]	VWAP
1 Semana	1,434.00	-84.00	-5.86	1,320.50	3.78		1,403.01
4 Semanas	1,504.50	-154.50	-10.27	1,320.50	1.96		1,444.15
12 Semanas	1,853.50	-503.50	-27.16	1,320.50	1.38		1,625.34
26 Semanas	2,281.00	-931.00	-40.82	1,320.50	1.31		1,868.72
1 Ano	2,820.00	-1,470.00	-52.13	1,320.50	1.13		2,142.18
3 Anos	2,111.00	-761.00	-36.05	1,320.50	1.23		2,420.54
5 Anos	2,472.00	-1,122.00	-45.39	1,320.50	1.28		2,394.57
† periods calculated are whole weeks rather than calendar months

Persimmon Key Management Ratios

DEEPER ANALYSIS

Persimmon Investment Ratios

%1$s Investment Ratios
(Market value analysis) at previous day's close
PQ Ratio	2.10
PE Ratio	5.47
Tobin's Q Ratio	0.92
Tobin's Q Ratio (excl. intangibles)	0.95
Dividend Yield	26.67	%
Market-to-Book Ratio	1.19
Price-to-Pre-Tax Profit PS	4.46
Price-to-Retained Profit PS	114.64
Price-to-Cash Flow PS	5.49
Price-to-Sales PS	1.19
Price-to-Net Tangible Asset Value PS	1.25
Price-to-Cash PS	3.46
Net Working Capital PS	1,090.91
Price Pct to Working Capital PS	1.24	%
Earnings Yield	18.28	%
Average PE	10.61
Years in average	5
PE to PE average	51.57	%

Persimmon Financial Ratios

%1$s Financial Ratios
(Leverage Ratios)
Debt Ratio	7.21	%
Debt-to-Equity Ratio	0.08
Debt-to-Equity Ratio (excl. Intgbl)	0.08
Debt-to-Equity Market Value	0.07
Net Gearing	-1.66	%
Net Gearing (excl. Intangibles)	-1.72	%
Gross Gearing	24.35	%
Gross Gearing (excl. Intangibles)	25.28	%
Gearing Under 1 Year	18.47	%
Gearing Under 1 Year (excl. Intgbl)	19.17	%
Assets/Equity	1.32
Cash/Equity	34.39
(Liquidity Ratios)
Net Working Capital to Total Assets	72.69	%
Current Ratio	4.94
Quick Ratio (Acid Test)	1.64
Liquidity Ratio	1.41
Cash & Equiv/Current Assets	28.54	%
(Solvency Ratios)
Enterprise Value	3,345.78	m
CFO/Sales	0.22
CFO/Attributable Profit	1.00
CFO/Assets	0.16
CFO/Debt	0.67
Total Debt/Equity Market Value	0.27
Total Debt/Sales	0.32
Total Debt/Pre-Tax Profit	1.21
Total Debt	1,167.00	m
Total Debt/Net Current Assets	0.34	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	15.93	%
Earn drops > 5% in 10yrs	4

Beta coefficients
Beta (60-Mnth)	Beta (36-Mnth)
0.2527	0.2552

Persimmon Operating Ratios

%1$s Operating Ratios
(Profitability Ratios)
Return On Capital Employed (ROCE)	24.75	%
Return On Assets (ROA)	16.72	%
Net Profit Margin	21.80	%
Assets Turnover	0.77
Return On Equity (ROE)	21.71	%
Return On Investment (ROI)	20.57	%
Dividend Payout Ratio	145.87	%
Plowback Ratio	-45.87	%
Growth from Plowback Ratio	-10.11	%
Net Income Of Revenues	1.04	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.01
Fixed Assets Turnover	9.65
Current Assets Turnover	0.83
Net Working Capital Turnover
Inventory Turnover	1.24
(Other Operating Ratios)
Total Assets-to-Sales	1.30
Debtors-to-Sales	5.04	%
Debt Collection Period	18.40	Dias

Persimmon Dividends

%1$s Dividends
Data	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
02 Mar 2022	Final	GBX	125.00	31/12/2020	31/12/2021	10/03/2022	11/03/2022	01/04/2022	360.00
18 Ago 2021	Interim	GBX	125.00	31/12/2020	31/12/2021	11/03/2021	12/03/2021	26/03/2021	-
18 Ago 2021	Interim	GBX	110.00	31/12/2020	31/12/2021	22/07/2021	23/07/2021	13/08/2021	-
10 Nov 2020	Interim	GBX	70.00	31/12/2019	31/12/2020	26/11/2020	27/11/2020	14/12/2020	110.00
18 Ago 2020	Interim	GBX	40.00	31/12/2019	31/12/2020	27/08/2020	28/08/2020	14/09/2020	-
26 Fev 2019	Final	GBX	110.00	31/12/2017	31/12/2018	13/06/2019	14/06/2019	02/07/2019	235.00
26 Fev 2019	Interim	GBX	125.00	31/12/2017	31/12/2018	07/03/2019	08/03/2019	29/03/2019	-
27 Fev 2018	Interim	GBX	125.00	31/12/2016	31/12/2017	08/03/2018	09/03/2018	29/03/2018	-
27 Fev 2018	Final	GBX	110.00	31/12/2016	31/12/2017	14/06/2018	15/06/2018	02/07/2018	235.00
27 Fev 2017	Interim	GBX	25.00	31/12/2015	31/12/2016	09/03/2017	10/03/2017	31/03/2017	-
27 Fev 2017	Interim	GBX	110.00	31/12/2015	31/12/2016	15/06/2017	16/06/2017	03/07/2017	135.00
23 Fev 2016	Interim	GBX	110.00	31/12/2014	31/12/2015	03/03/2016	04/03/2016	01/04/2016	110.00
28 Fev 2012	Final	GBX	6.00	31/12/2010	31/12/2011	09/05/2012	11/05/2012	15/06/2012	10.00
23 Ago 2011	Interim	GBX	4.00	31/12/2010	31/12/2011	02/11/2011	04/11/2011	13/12/2011	-
01 Mar 2011	Final	GBX	4.50	31/12/2009	31/12/2010	04/05/2011	06/05/2011	14/06/2011	7.50
24 Ago 2010	Interim	GBX	3.00	31/12/2009	31/12/2010	03/11/2010	05/11/2010	14/12/2010	-
03 Mar 2009	Final	GBX	-	31/12/2007	31/12/2008	03/03/2009	03/03/2009	03/03/2009	5.00
22 Ago 2008	Interim	GBX	5.00	30/12/2007	30/06/2008	03/09/2008	05/09/2008	17/10/2008	-
26 Fev 2008	Final	GBX	32.70	31/12/2006	31/12/2007	05/03/2008	07/03/2008	25/04/2008	51.20
21 Ago 2007	Interim	GBX	18.50	30/12/2006	30/06/2007	29/08/2007	31/08/2007	19/10/2007	-
25 Fev 2007	Final	GBX	32.70	31/12/2005	31/12/2006	07/03/2007	09/03/2007	20/04/2007	46.50
22 Ago 2006	Interim	GBX	13.80	30/12/2005	30/06/2006	30/08/2006	01/09/2006	20/10/2006	-
27 Fev 2006	Final	GBX	19.00	31/12/2004	31/12/2005	08/03/2006	10/03/2006	21/04/2006	31.00
23 Ago 2005	Interim	GBX	12.00	30/12/2004	30/06/2005	31/08/2005	02/09/2005	21/10/2005	-
28 Fev 2005	Final	GBX	18.40	31/12/2003	31/12/2004	09/03/2005	11/03/2005	22/04/2005	27.50
24 Ago 2004	Interim	GBX	9.10	30/12/2003	30/06/2004	01/09/2004	03/09/2004	22/10/2004	-
01 Mar 2004	Final	GBX	11.30	31/12/2002	31/12/2003	10/03/2004	12/03/2004	23/04/2004	18.30
26 Ago 2003	Interim	GBX	7.00	30/12/2002	30/06/2003	03/09/2003	05/09/2003	24/10/2003	-
03 Mar 2003	Final	GBX	10.40	31/12/2001	31/12/2002	12/03/2003	14/03/2003	25/04/2003	15.15
27 Ago 2002	Interim	GBX	4.75	30/12/2001	30/06/2002	04/09/2002	06/09/2002	25/10/2002	-
04 Mar 2002	Final	GBX	9.40	31/12/2000	31/12/2001	13/03/2002	15/03/2002	26/04/2002	13.70
28 Ago 2001	Interim	GBX	4.30	30/12/2000	30/06/2001	12/09/2001	14/09/2001	26/10/2001	-
01 Mar 2001	Final	GBX	8.50	31/12/1999	31/12/2000	07/03/2001	09/03/2001	27/04/2001	12.40
29 Ago 2000	Interim	GBX	3.90	30/12/1999	30/06/2000	11/09/2000	15/09/2000	27/10/2000	-
06 Mar 2000	Final	GBX	7.60	31/12/1998	31/12/1999	13/03/2000	17/03/2000	28/04/2000	11.10
31 Ago 1999	Interim	GBX	3.50	30/12/1998	30/06/1999	06/09/1999	10/09/1999	29/10/1999	-
08 Mar 1999	Final	GBX	7.10	31/12/1997	31/12/1998	15/03/1999	19/03/1999	30/04/1999	10.40
01 Set 1998	Interim	GBX	3.30	30/12/1997	30/06/1998	07/09/1998	11/09/1998	30/10/1998	-
09 Mar 1998	Final	GBX	6.80	31/12/1996	31/12/1997	16/03/1998	20/03/1998	30/04/1998	10.00

Persimmon Fundamentals

Profit and Loss Account
	31 Dez 2018 (GBP)		31 Dez 2019 (GBP)		31 Dez 2020 (GBP)		31 Dez 2021 (GBP)
turnover	3,737.60	100.00%	3,649.40	100.00%	3,328.30	100.00%	3,610.50	100.00%	m
pre tax profit	1,090.80	29.18%	1,040.80	28.52%	783.80	23.55%	966.80	26.78%	m
attributable profit	886.40	23.72%	848.80	23.26%	638.40	19.18%	787.20	21.80%	m
retained profit	154.10	4.12%	101.00	2.77%	287.70	8.64%	37.60	1.04%	m
eps - basic (p)	283.30		266.80		200.30		246.80
eps - diluted (p)	280.80		266.30		199.60		245.60
dividends per share	235.00		-		110.00		360.00

Persimmon Balance Sheet

Balance Sheet
	31 Dez 2018 (GBP)		31 Dez 2019 (GBP)		31 Dez 2020 (GBP)		31 Dez 2021 (GBP)


	31 Dez 2018 (GBP)		31 Dez 2019 (GBP)		31 Dez 2020 (GBP)		31 Dez 2021 (GBP)
ASSETS
fixed assets	58.00	1.25%	82.00	1.83%	90.40	1.96%	99.00	2.07%	m
intangibles	193.40	4.16%	186.10	4.15%	181.80	3.93%	175.60	3.66%	m
fixed investments	93.60	2.01%	79.70	1.78%	52.70	1.14%	149.10	3.11%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	3,059.50	65.77%	3,156.80	70.32%	2,901.30	62.76%	2,920.70	60.95%	m
debtors	199.10	4.28%	140.80	3.14%	162.80	3.52%	201.20	4.20%	m
cash & securities	1,048.10	22.53%	843.90	18.80%	1,234.10	26.69%	1,246.60	26.01%	m

TOTAL	4,651.70	100%	4,489.30	100%	4,623.10	100%	4,792.20	100%	m

LIABILITIES
creditors - short	1,123.90	24.16%	996.20	22.19%	874.70	18.92%	885.20	18.47%	m
creditors - long	333.30	7.17%	234.80	5.23%	230.00	4.98%	281.80	5.88%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	1,457.20	31.33%	1,231.00	27.42%	1,104.70	23.90%	1,167.00	24.35%	m

EQUITY
ord cap, reserves	3,194.50	68.67%	3,258.30	72.58%	3,518.40	76.10%	3,625.20	75.65%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	3,194.50	68.67%	3,258.30	72.58%	3,518.40	76.10%	3,625.20	75.65%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Persimmon Cash Flow Statement

%1$s Cash Flow Statement
	31 Dez 2018 (GBP)	31 Dez 2019 (GBP)	31 Dez 2020 (GBP)	31 Dez 2021 (GBP)
Operating CF	654.30	620.00	765.50	784.80	m
Pre-Financing CF	639.30	594.10	747.40	766.60	m
Retained CF	-254.60	-204.20	390.20	12.50	m

Persimmon Brokers

%1$s Brokers
Name	Activity	Type	Mnemonic	Code
Arbuthnot Securities Limited	Market Maker(MME)	Broker/Dealer	ARBT	ALESGB31MKT
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC