Taylor Wimpey PLC
TW.: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 694.00 | Gwft | Zsjmmsmys |
Imminent Housing Downturn Spells a Challenging 2023 for Taylor Wimpey, but Its Shares Still Appeal
Taylor Wimpey updated the market on its late 2022 performance and, in effect, pre-announced its full-year 2022 result. Home completions of 14,154, including joint ventures, broadly aligned with our full-year expectations. However, with Taylor Wimpey’s average selling price of about GBP 313,000 tracking marginally above our prior forecast, we lift our full-year 2022 EBIT forecast by 1.6% to GBP 935 million, inclusive of joint venture profits.