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Howden Joinery Group (HWDN) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 4.1B GBX

HJ Howden Joinery Group HWDN · LSE
Price£7.99
Fair Value£9.92
Upside+24.2%
Quality95/100
Evidence: High Range £7.07 – £12.40

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from £9.49 to £9.92 (+4.5%) since Jun 23, 2026. Share price +9.0% over the past month.

Price vs Fair Value (12 months)

£9.07 £6.90 Fair Value £9.92 Jul 2025 Jun 2026

12‑month range £6.90 – £9.07 · fair‑value band £7.07 – £12.40 · the £7.99 price screens below the £9.92 fair value. As of Jun 24, 2026.

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Analysis

Howden Joinery Group (HWDN) currently trades at £7.99, while our model-based Fair Value estimate is £9.92 — implying the stock looks roughly 24.2% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Howden Joinery Group generated revenue of £2.4B at a net margin of 11.1%. Revenue grew 4.8% year over year. It earns a return on equity of 23.1%. Net debt stands at £968M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 2.4B GBX
Revenue growth (YoY) +4.8%
Net margin 11.1%
Return on equity 23.1%
Free cash flow 342M GBX FY2025
P/E ratio 15.4
More key figures
Operating margin 16.0%
EPS (TTM) £0.4900
Dividend yield 2.9%
EPS growth (YoY) +9.2%
Net debt 968M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Howden Joinery Group Plc supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland. The company's product portfolio includes cabinet, worktops, sinks and taps, flooring, appliances, and handles; internal and external doors, such as fire doors, flooring, stair parts, and general joinery items; and cooking, cleaning, and cooling appliances. The company was formerly known as Galiform Plc and changed its name to Howden Joinery Group Plc in September 2010. Howden Joinery Group Plc was incorporated in 1987 and is based in London, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Howden Joinery Group reported revenue of £2.4B in FY2025 versus £2.1B in FY2021, a compound +3.7%/yr. Reported net income was £268M in FY2025, compounding −3.9%/yr from FY2021.

Revenue +3.7%/yr
FY21 £2.1B
FY22 £2.3B
FY23 £2.3B
FY24 £2.3B
FY25 £2.4B
Net income −3.9%/yr
FY21 £315M
FY22 £374M
FY23 £255M
FY24 £249M
FY25 £268M

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Frequently asked questions

Is Howden Joinery Group (HWDN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £9.92 versus a price of £7.99 — about +24% (undervalued). Model-based estimate, not financial advice.
What is the fair value of HWDN?
Our 21-model fair value for Howden Joinery Group is £9.92 (as of Jun 24, 2026), built from audited fundamentals. The current price is £7.99.
What is the quality score of HWDN?
Howden Joinery Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Howden Joinery Group (HWDN)?
Howden Joinery Group reported trailing-twelve-month revenue of about £2.4B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of HWDN?
The net profit margin of Howden Joinery Group is about 11.1%, meaning it keeps roughly 11.1% of revenue as net income. Based on the latest reported figures.
Does Howden Joinery Group pay a dividend?
Howden Joinery Group currently shows a dividend yield of about 2.93% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.