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Howden Joinery Group Plc HWDN.L

GB · London Stock Exchange · XLON · stock · Consumer Cyclical · website

Howden Joinery Group Plc statistics & valuation

Market cap£4.5B
P / E16.8×
P / S1.9×
P / B3.8×
P / FCF13.7×
Dividend yield2.59%
Net margin11.1%
Return on equity22.5%
FCF margin13.6%
Net debt£360.4M
Enterprise value USD$6.6B
Earnings yield EBIT/EV7.3%
Return on capital19.1%
Graham number -99.4%£4.90

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£4.90); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
16.10% 11.00% 10.70% 11.10% 2022202320242025
Gross margin (%)
60.90% 60.80% 61.60% 62.70% 2022202320242025
Operating margin (%)
17.90% 14.70% 14.60% 14.70% 2022202320242025
Return on equity (%)
42.90% 26.00% 22.10% 22.50% 2022202320242025
Shares outstanding
546.5M 546.5M 546.5M 546.5M 2022202320242025
Net debt (£)
£357.3M £401.7M £337.4M £360.4M 2022202320242025
Share buybacks (£)
£250.5M £50.0M £0 £100.2M 2022202320242025
Return on assets (%)
18.40% 12.30% 11.10% 11.40% 2022202320242025
Free cash flow margin (%)
11.00% 11.00% 12.00% 13.60% 2022202320242025
Debt / equity (×)
0.76× 0.70× 0.60× 0.59× 2022202320242025
EPS (£)
£0.66 £0.46 £0.45 £0.49 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Howden Joinery Group Plc trades at about 1678.6× earnings — near its 10-year norm (10-year range 1052.4×–1807.3×, median 1733.9×).

1052.4× 1807.3×

Shaded band = 10-year range (1052.4×–1807.3×); dot = today's 1678.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin62.7%61.6%60.8%60.9%
Operating margin14.7%14.6%14.7%17.9%
Net margin11.1%10.7%11.0%16.1%
FCF margin13.6%12.0%11.0%11.0%
Return on assets11.4%11.1%12.3%18.4%
Return on equity22.5%22.1%26.0%42.9%
Current ratio2.102.121.921.75

Computed from company filings · GB · as of 2025-12-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.