Investment Case

Five Year Summary

  2021 2020 2019 2018 2017
Unit sales 14,551 13,575 15,855 16,449 16,043
Housing revenue £3,449.7m £3,129.5m £3,420.1m £3,545.8m £3,422.3m
Average selling price £237,078 £230,534 £215,709 £215,563 £213,321
Profit from operations £966.7m £862.8m £1,036.7m £1,091.9m £966.1m
Profit before tax £973.0m £863.1m £1,048.1m £1,100.0m £977.1m
Basic earnings per share 248.7p 220.7p 269.1p 286.3p 258.6p
Diluted earnings per share 247.6p 219.9p 268.6p 283.7p 246.5p
Cash return/dividend per share 235.0p 110.0p 235.0p 235.0p 235.0p
Net assets per share 1,135.7p 1,102.7p 1,021.7p 1,006.0p 1,036.6p
Total shareholders' equity £3,625.2m £3,518.4m £3,258.3m £3,194.5m £3,201.6m
Return on capital eployed 35.8% 29.4% 37.0% 41.3% 40.3%

All figures stated before exceptional items, goodwill amortisation/impairment, legacy buildings provision and includes land creditors where applicable.

The UK housing market

Trends affecting our marketplace.

The UK housing market

KPIs

How we performed.

Key Performance Indicators

Our Business Model

How we create sustainable value.

Our Business Model