Main source of income: Residential construction

TOP 3 markets:

1. United Kingdom: approx. 90%
2. Ireland: approx. 5%
3. Other European markets: approx. 5%

Bellway p.l.c. is mainly active in residential construction, with the majority of revenues coming from the sale of residential properties in the United Kingdom. The British market is the dominant market for Bellway, highlighting the company's strategic focus on the domestic market.

Ireland and other European markets also contribute to revenues, but to a significantly lesser extent. These markets offer potential for future growth, especially if Bellway aims to further expand its presence outside the United Kingdom.

Production Sites: United Kingdom

Bellway p.l.c. is a British construction company specializing in residential property construction. The company produces its products, namely residential houses, mainly in the United Kingdom. Bellway operates through various regional divisions distributed throughout the UK to efficiently serve local demand.

Revenue Growth: 8.2% (2024) Profit Margin: 15.5% (2024)

Bellway p.l.c. pursues a growth strategy based on expanding its residential construction portfolio. The company plans to intensify its construction activities in emerging regions of the UK to capitalize on the increasing demand for housing.

Another focus is on improving operational efficiency through investments in modern construction technologies and sustainable building practices. This is intended not only to shorten construction times but also to further strengthen profit margins.

In addition, Bellway is relying on strategic land acquisitions to secure long-term growth opportunities. This strategy is supported by a solid financial foundation that enables the company to react flexibly to market changes and invest in new projects.

Main raw materials: Wood, steel, concrete, bricks

Main importing countries: Sweden, Germany, China, Poland

Bellway p.l.c., a leading British residential construction company, imports various raw materials that are crucial for the construction of residential properties. Wood is mainly imported from Sweden, as it is sustainably produced there and of high quality. Steel and concrete, which are important for the structural integrity of the buildings, often come from Germany, where they are produced in large quantities and with high precision.

Bricks, another essential building material, are often sourced from Poland, as the country has a strong brick industry. Additionally, Bellway also imports certain specialized building materials and components from China that are needed for specific construction requirements.

The selection of importing countries is based on the quality of the materials, costs, and the reliability of the supply chains.

Market share in the British residential construction sector: Approximately 5% (2024, estimate) Gross margin: 22% (2024) Return on Equity (ROE): 11% (2024)

Bellway p.l.c. is one of the leading residential construction companies in the United Kingdom. The company's competitive advantage lies in its established market position and its ability to offer high-quality residential projects at competitive prices. The 22% gross margin indicates that Bellway is able to effectively manage its costs while remaining profitable.

Another advantage is the geographic diversification within the United Kingdom, allowing Bellway to benefit from regional growth opportunities. The 11% return on equity suggests that the company efficiently utilizes its equity return, which can be considered solid compared to some competitors.

Overall, Bellway has a moderate competitive advantage supported by its market position, operational efficiency, and geographic diversification. However, the market remains competitive, and Bellway must continuously invest in innovation and customer satisfaction to maintain its position.

Institutional Investor Share: approx. 70% (estimate based on 2023 data)

Insider Buys/Sells: No significant transactions known (2025)

The institutional investor share at Bellway p.l.c. traditionally stands at around 70%, indicating the trust of large investors in the company's long-term stability and growth potential. These investors include pension funds, investment funds, and other institutional investors.

In 2025, no significant insider transactions are known, suggesting a stable assessment of the company's value by management. This can be interpreted as a sign that management does not expect drastic changes in the company's value.

Market share of Bellway p.l.c.: Estimated around 6% (2025)

Main competitors and their market shares:

1. Barratt Developments plc: around 10%
2. Persimmon plc: around 9%
3. Taylor Wimpey plc: around 8%
4. Berkeley Group Holdings plc: around 7%
5. Bellway p.l.c.: around 6%
6. Redrow plc: around 5%
7. Crest Nicholson Holdings plc: around 4%
8. Bovis Homes Group plc: around 3%

Moat of Bellway p.l.c.:

Bellway p.l.c. has a moderate moat, mainly based on its established market presence and the ability to deliver high-quality residential projects. The company benefits from strong brand recognition and a solid network of suppliers and partners.

However, compared to its competitors, Bellway does not have a significant technological or cost advantage that could be considered a strong moat. Companies like Barratt Developments and Persimmon have larger market shares and benefit from economies of scale, giving them a competitive edge.

Competition in the British construction industry is intense, and many of the major players have similar business models and market strategies. Therefore, Bellway's moat is not particularly pronounced compared to others, but sufficient to operate successfully in a competitive environment.

Revenue Growth: 8.2% (2024) Profit Growth: 6.5% (2024) Market Share in the UK: 10% (2024)

Bellway p.l.c. recorded solid revenue growth of 8.2% in 2024, indicating robust demand in the British housing market. The 6.5% profit growth demonstrates the company's ability to increase profitability despite rising construction costs.

The company holds a stable market share of around 10% in the UK, signaling a strong market position. This position allows Bellway to benefit from the ongoing demand for housing, especially in an environment where housing remains scarce in the UK.

Additionally, Bellway has invested in expanding its land bank and sustainable construction practices in recent years. These strategic investments could further strengthen the company's future growth potential.

Overall, Bellway p.l.c. could be an attractive investment for investors interested in a stable and growth-oriented company in the British housing sector.

Dividend Yield: 4.5% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

Bellway p.l.c. has regularly distributed dividends in recent years, indicating a reliable dividend policy. The dividend yield of 4.5% in 2025 shows that the company aims to provide its shareholders with an attractive return.

The reliability of dividend payment is supported by Bellway's solid financial performance and stable market position. The company has proven in the past that it is able to pay dividends even in economically challenging times. Analysts expect Bellway to continue its dividend policy unless significant negative market changes occur.