Persimmon Plc

LSE:PSN Stock Report

Market Cap: UK£3.6b

Persimmon Future Growth

Future criteria checks 2/6

Persimmon is forecast to grow earnings and revenue by 10.8% and 5% per annum respectively. EPS is expected to grow by 10.9% per annum. Return on equity is forecast to be 10.3% in 3 years.

Key information

10.8%

Earnings growth rate

10.89%

EPS growth rate

Consumer Durables earnings growth9.2%
Revenue growth rate5.0%
Future return on equity10.32%
Analyst coverage

Good

Last updated10 Sep 2026

Recent future growth updates

Recent updates

Narrative Update • Jul 08

PSN: Biggleswade Site And 2026 Completions Should Support Premium Earnings Multiple

Persimmon's analyst price target has been trimmed, with recent moves from banks such as Berenberg, Citi, JPMorgan and Morgan Stanley collectively pointing to a reset in fair value to about £16.94 from £18.00. This reflects analysts moderating revenue growth and valuation multiples while allowing for slightly stronger profit margins.
Narrative Update • Jun 23

PSN: Forward Order Book And Biggleswade Development Will Support Returns

Persimmon's analyst fair value estimate has been reduced from £13.97 to £13.42, in line with a series of lower Street price targets around £1,280 to £1,430. Analysts are factoring in slightly softer revenue growth, marginally tighter profit margins and a modestly lower future P/E assumption.
Narrative Update • Jun 05

PSN: Forward Order Book And 2026 Completions Guidance Will Support Returns

Analysts have trimmed their price target on Persimmon to £1,390 from £1,610, reflecting slightly lower fair value, earnings, and margin assumptions in their updated models. Analyst Commentary Recent commentary on Persimmon points to a more balanced stance, with the latest target cut following an earlier upward adjustment to £1,610.
Narrative Update • May 19

PSN: Strong Order Book And 2026 Completions Should Support Premium Earnings Multiple

Analysts have trimmed their fair value estimate for Persimmon slightly to £18.00, reflecting updated assumptions for revenue growth, margins and discount rate, while still applying a higher future P/E multiple in light of recent price target adjustments from the Street. Analyst Commentary Recent Street research on Persimmon has been mixed, with some cautious updates and a few more constructive views on the stock's potential.
Analysis Article • May 14

When Should You Buy Persimmon Plc (LON:PSN)?

Persimmon Plc ( LON:PSN ), is not the largest company out there, but it saw significant share price movement during...
Narrative Update • Apr 21

PSN: Forward Order Book And Higher Future P E Multiple Will Support Returns

Analysts have trimmed Persimmon's fair value estimate and lowered the average price target by £2.20 to reflect slightly softer assumptions on revenue growth and profit margins, even as recent Street research points to a modest uplift in target prices from £16.00 to £16.10 and from £14.80 to £15.14, along with a higher assumed future P/E multiple. Analyst Commentary Recent Street research on Persimmon offers a mix of cautious tweaks and incremental optimism around valuation, providing a more nuanced picture of how expectations are being reset.
Narrative Update • Apr 06

PSN: Forward Order Book Progress Will Support Future Completion Volumes

Analysts have lifted Persimmon's price target slightly, with recent moves such as Morgan Stanley's increase to £16.10 and Barclays' to £15.14, supported by modestly lower fair value estimates and small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research on Persimmon points to a mixed but generally constructive view, with several price targets adjusted in a tight range and one downgrade adding a more cautious voice.
Narrative Update • Mar 23

PSN: Forward Order Book And Lower Discount Rate Will Support Upside Potential

Narrative Update The updated analyst price target for Persimmon moves slightly higher to about £16.10 from roughly £16.28, as analysts factor in more cautious revenue growth and profit margin assumptions, partly balanced by modestly higher P/E expectations and recent target lifts from several banks. Analyst Commentary Recent research on Persimmon shows a mix of cautious and constructive views, with modest target changes and at least one downgrade shaping how the market is thinking about valuation, execution and future growth potential.
Narrative Update • Mar 09

PSN: Recent Rating Split And Lower Discount Rate Will Support Upside Potential

Analysts have nudged their target on Persimmon slightly higher, with small improvements in fair value estimates and a modestly lower discount rate supporting the recent £1,514 price target update, while keeping overall growth and margin assumptions broadly unchanged. Analyst Commentary Recent research on Persimmon has been mixed, with some bullish analysts nudging price targets higher while at least one bearish analyst has shifted to a more cautious stance.
Narrative Update • Feb 22

PSN: Mixed Rating Shifts And Modest Assumption Tweaks Will Shape Share Price Resilience

Analysts have nudged their fair value estimate for Persimmon slightly higher to £16.26, reflecting small adjustments to assumptions on discount rate, revenue growth and future P/E. The revised estimate also factors in recent Street research, including a modest price target increase from Citi and a downgrade from Deutsche Bank.
Narrative Update • Feb 07

PSN: Higher Future P/E Assumptions Will Support Share Price Resilience

Narrative Update on Persimmon Analysts have nudged their fair value estimate for Persimmon higher to £16.23 from £16.14, citing refreshed assumptions on discount rates, revenue growth, profit margins and future P/E that collectively support a slightly richer price target despite a recent downgrade and only a modest target increase of 2 GBp from Citi. Analyst Commentary Recent commentary on Persimmon has been mixed, with one downgrade offset by a small target lift.
Analysis Article • Jan 29

At UK£14.50, Is Persimmon Plc (LON:PSN) Worth Looking At Closely?

Persimmon Plc ( LON:PSN ), might not be a large cap stock, but it saw a significant share price rise of 26% in the past...
Narrative Update • Jan 23

PSN: Higher P/E Assumptions And Revenue Outlook Will Support Future Upside

Analysts have raised their fair value estimate for Persimmon to approximately £16.14 from about £15.76, citing revised assumptions for revenue growth, discount rate and future P/E that align with recent price target changes and rating actions on the stock. Analyst Commentary Recent research on Persimmon has been mixed, with valuation work and rating actions pointing to both upside potential and execution risks.
Narrative Update • Jan 09

PSN: Contract Discipline And Higher P/E Assumptions Will Support Future Upside

Analysts have nudged their fair value estimate for Persimmon up from £14.63 to about £15.76, citing slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E, as they refine their models following recent sector research. Analyst Commentary Recent research on a peer in a different sector highlights how markets can react strongly to contract news and changing expectations, which is useful context when thinking about Persimmon's refined fair value range.
Analysis Article • Jan 08

Persimmon Plc (LON:PSN) Doing What It Can To Lift Shares

With a median price-to-earnings (or "P/E") ratio of close to 17x in the United Kingdom, you could be forgiven for...
Narrative Update • Dec 26

PSN: Strong Balance Sheet And Cash Focus Will Support Premium Earnings Multiple

Analysts have nudged their fair value estimate for Persimmon modestly higher from £17.87 to £18.15. This reflects a slightly richer future earnings multiple, despite tempering assumptions for revenue growth and profit margins alongside a higher discount rate.
Analysis Article • Dec 09

Persimmon (LON:PSN) Will Be Looking To Turn Around Its Returns

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Narrative Update • Nov 28

PSN: Upcoming Contract Wins And Margin Stability Will Support Measured Performance

Analysts have modestly increased their fair value estimate for Persimmon to $14.63, citing improved revenue growth projections and ongoing margin stability based on recent industry research. Analyst Commentary Recent analyst coverage highlights both optimistic and cautious perspectives regarding Persimmon's future performance.
Analysis Article • Nov 20

Are Investors Undervaluing Persimmon Plc (LON:PSN) By 47%?

Key Insights The projected fair value for Persimmon is UK£22.86 based on 2 Stage Free Cash Flow to Equity Persimmon is...
Narrative Update • Nov 13

PSN: Future Housing Demand Will Drive Market Share And Earnings Stability

Persimmon's analyst price target was reduced from £14.50 to £13.00, as analysts cite a softer outlook on profit margins and discount rate adjustments, despite stable revenue growth projections. Analyst Commentary Recent analyst updates reflect a cautious but balanced outlook for Persimmon, with valuation adjustments reflecting both stable growth expectations and concerns about profitability.
Analysis Article • Oct 05

Is It Time To Consider Buying Persimmon Plc (LON:PSN)?

Persimmon Plc ( LON:PSN ), might not be a large cap stock, but it saw a decent share price growth of 12% on the LSE...
Narrative Update • Sep 04

UK Housing Demand Will Fuel Future Market Expansion

Analysts remain split on Persimmon, with bullish sentiment driven by new site openings and an improved operating outlook balancing persistent near-term concerns over affordability and margins, resulting in an unchanged consensus price target of £14.92. Analyst Commentary Bullish analysts raise targets and recommendations due to Persimmon's continued success in opening new sites and increasing the number of active sites, which supports growth expectations.
User avatar
New Narrative • Mar 16

Vertical Integration And Brand Diversification Will Strengthen Future Margins

Strong land investment strategy and brand diversification support growth, high margins, and capture different market segments, driving future revenue and operational efficiency.

Earnings and Revenue Growth Forecasts

LSE:PSN - Analysts future estimates and past financials data (GBP Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20284,37437431929417
12/31/20274,11532627528119
12/31/20263,9583219611919
6/30/20263,976306-155-129N/A
3/31/20263,863296-83-50N/A
12/31/20253,751286-1130N/A
9/30/20253,569271-2221N/A
6/30/20253,387256-3312N/A
3/31/20253,2942621048N/A
12/31/20243,2012675385N/A
9/30/20243,05126269100N/A
6/30/20242,90125686115N/A
3/31/20242,837256-40-7N/A
12/31/20232,773255-166-130N/A
9/30/20233,044293-1621N/A
6/30/20233,316331134171N/A
3/31/20233,566446253287N/A
12/31/20223,816561372402N/A
9/30/20223,637648296324N/A
6/30/20223,458736220246N/A
3/31/20223,534762492515N/A
12/31/20213,611787764785N/A
9/30/20213,7957901,0021,021N/A
6/30/20213,9797921,2401,258N/A
3/31/20213,6537159931,012N/A
12/31/20203,328638747766N/A
9/30/20203,207657550572N/A
6/30/20203,086675354378N/A
3/31/20203,368762N/A499N/A
12/31/20193,649849N/A620N/A
9/30/20193,653864N/A607N/A
6/30/20193,656879N/A593N/A
3/31/20193,697883N/A624N/A
12/31/20183,738886N/A654N/A
9/30/20183,709862N/AN/AN/A
6/30/20183,680837N/A829N/A
3/31/20183,639812N/A827N/A
12/31/20173,598787N/A824N/A
9/30/20173,499749N/AN/AN/A
6/30/20173,401711N/A755N/A
3/31/20173,269668N/A726N/A
12/31/20163,137625N/A698N/A
9/30/20163,098597N/A618N/A
6/30/20163,059568N/A538N/A
3/31/20162,980545N/A516N/A
12/31/20152,902522N/A494N/A
9/30/20152,805484N/A480N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSN's forecast earnings growth (10.8% per year) is above the savings rate (3.6%).

Earnings vs Market: PSN's earnings (10.8% per year) are forecast to grow slower than the UK market (11.4% per year).

High Growth Earnings: PSN's earnings are forecast to grow, but not significantly.

Revenue vs Market: PSN's revenue (5% per year) is forecast to grow faster than the UK market (3.7% per year).

High Growth Revenue: PSN's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PSN's Return on Equity is forecast to be low in 3 years time (10.3%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 17:41
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Persimmon Plc is covered by 36 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rajesh PatkiBarclays
Emily BiddulphBarclays
Jonathan BellBarclays