Persimmon Plc·Consumer Cyclical

Persimmon Plc is my preferred UK housebuilder, offering a higher-quality, lower-risk profile amid current sector volatility. PSN's in-house supply chain and focus on affordable housing position it to benefit from Labour's ambitious 1.5 million homes target. FY25 results showed strong volume, revenue, and margin improvements, with further operating margin gains expected in FY26E and beyond.

UK housebuilder shares have fallen to valuation levels not seen since the aftermath of Liz Truss's disastrous 2022 mini-budget, as soaring gilt yields raise fresh fears about the mortgage market, according to analysts at Jefferies. The investment bank says the sector is trading at price-to-net tangible asset value (P/NTAV – a standard measure comparing a company's share price to the value of its physical assets) levels comparable to late 2022, when mortgage rates surged by 3-4 percentage points and the housing market seized up.

Persimmon Plc (PSMMY) Q4 2025 Earnings Call Transcript

Persimmon PLC (LSE:PSN) shares jumped 10% to top the FTSE 100 on Tuesday morning as the housebuilder reported a solid set of results and expressed confidence about the current year. With completed sales up 12% to 11,905 homes in 2025, and average selling prices up 4%, underlying operating profits climbed 17% to £472 million.

The house builder's pretax profit rose for the year on higher home sales, but failed to meet consensus.

Persimmon PLC (LSE:PSN) reported a 13% in increase in profit for last year and an accelerated sales rate at the start of the new year despite uncertainty over the impact of the Iran conflict on customer sentiment. The dividend was held at 60p per share and there was no share buyback.
Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; executive housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services. Persimmon Plc was founded in 1972 and is headquartered in York, the United Kingdom.
Consumer Cyclical
Residential Construction
4,731
2012-08-17
1.45