# Howden Joinery Group Plc (HWDN.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Household Durables. Price 773p, market value 4.2 billionp.

## Valuation
- **P/E (trailing): 15.8×** (5-yr avg 1555.3×, 3-yr avg 1742.8×). Howden Joinery Group Plc trades at 15.8× trailing earnings, well below its own five-year average of 1555.3×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 13.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.54**. A PEG of 1.54 is in the range usually read as fairly priced for its growth.
- **Price / sales: 0.9×**. Each dollar of revenue is priced at 0.9×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 3.7×**. The shares trade at 3.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.0×**. Enterprise value is 5.0× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 14.8%** (5-yr avg 0.1%). Free cash flow equals 14.8% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.3%**. The inverse of the P/E: 6.3% of the price is earned each year.

## Profitability
- **Gross margin: 62.2%**. Howden Joinery Group Plc keeps 62.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 14.6%**. 14.6% of revenue is left after running the business.
- **Net margin: 11.1%**. 11.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 22.5%**. 22.5% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 34.4%**. Return on all capital, debt included, is 34.4%: comfortably above what that capital costs.
- **Return on assets: 22.0%**. Each dollar of assets produces 22.0% of profit.

## Growth
- **Revenue growth (1 yr): 4.1%** (3-yr 1.4%/yr, 5-yr 9.3%/yr). Revenue grew 4.1% over the last year, against 9.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 8.9%** (3-yr -9.5%/yr, 5-yr 14.4%/yr). Earnings per share rose 8.9%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): 10.2%/yr**. Free cash flow has compounded at 10.2% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.59**. Debt is 0.59 times equity, moderate leverage.
- **Net debt / EBITDA: 0.4×**. It would take 0.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 15.7×**. Operating profit covers interest 15.7× over, a safe margin.
- **Current ratio: 2.10** (quick 1.27). Current assets cover the next year's liabilities 2.10 times.
- **Altman Z-score: 4.68**. A Z-score of 4.68 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 2.84%** (0p per share, trailing). Howden Joinery Group Plc yields 2.84%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 44%** (37% of free cash flow). 44% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 3**. 3 straight years of increases.
- **Shareholder yield: 5.2%**. Dividends plus net buybacks return 5.2% of the market value a year.

## Price and momentum
- **Total return (1 yr): -7.4%** (YTD -6.9%, 3-mo 0.7%). The shares are down 7.4% over twelve months including dividends.
- **From 52-week high: -21.3%** (8.3% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 1.23** (volatility 27%). Beta of 1.23 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HWDN.L · Page: https://foliofundamentals.com/stocks/hwdn.l

Not investment advice.