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Howden Joinery Group Plc (HWDN.L)

Consumer Cyclical Out of favour

Howden Joinery is the UK's leading trade-only supplier of kitchens and joinery, acting as the essential middleman between manufacturers and local builders.

£7.88
≈ 788p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Howden Joinery Group Plc a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Strong brand loyalty among professional builders. Worth weighing: Highly dependent on the health of the UK housing market. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price-16.2%
52-week range-8% past year
£7.88
Low £7.13High £9.81
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Howden Joinery Group Plc
£838-16%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Howden Joinery Group Plc actually fallen?

−31%

Over the last 2 years of daily prices, Howden Joinery Group Plc fell as much as −31% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£4.32B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
2.12M
Day range: The lowest and highest price the shares traded at during the latest day.
£7.80 – £7.94
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£7.13 – £9.81
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
16.1
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
2.8%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.30
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.30
Calm
Wild
Bumpier than the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▼ -2% past week · ▼ -8% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Dominance in the UK trade market and potential international growth.

The bear case

A prolonged downturn in the UK housing sector.

What does Howden Joinery Group Plc do?

Howden operates a massive network of local depots where trade professionals pick up kitchens, flooring, and joinery products for their renovation projects. Selling these goods directly to builders, who then install them for homeowners, is what drives the earnings. The health of the UK housing market is what to track, because people renovate their kitchens far more readily when they feel confident about the economy and their property values.

VQGMI
Factor profile

On our factor screen it looks strongest on quality and income, and weakest on momentum.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 41Quality: How profitable and financially healthy the company is (higher = stronger). 65Growth: How fast revenue and earnings are growing (higher = faster). 40Momentum: How the share price has been trending recently (higher = stronger recent run). 24Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 59
Quick checks
What's strong
  • Strong brand loyalty among professional builders
  • High profit margins compared to general retailers
  • Efficient business model focused on trade-only sales
What to watch
  • Momentum screens low (24/100)
  • Economic slowdowns reducing household spending on home improvements
  • Rising interest rates making home renovations less affordable
  • Supply chain disruptions affecting product availability

What do Howden Joinery Group Plc's numbers mean?

P/E
15.9
This shows how much you are paying for every pound of the company's annual profit; a lower number can sometimes suggest a company is cheaper relative to its earnings.
Around the middle of the 104 Consumer Cyclical shares we cover
Gross margin
62.4%
This indicates that for every pound of sales, the company keeps over 60 pence after paying for the raw materials, showing they have strong control over their costs.
Higher than most of the 122 Consumer Cyclical shares we cover
Return on equity
23.1%
This measures how efficiently the company uses the money invested by shareholders to generate profit, with a higher percentage generally being a sign of a well-run business.
Around the middle of the 103 Consumer Cyclical shares we cover
Beta
1.3
This number tells us that the share price tends to be more sensitive to market swings than the average company, moving up or down more sharply when the wider market changes.

Does Howden Joinery Group Plc pay a dividend?

Yes - Howden Joinery Group Plc currently pays a dividend of about 2.8% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

What do the numbers say about Howden Joinery Group Plc's dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield2.8%The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratio45%The share of profit paid out as dividends. A lower figure leaves headroom; near or above 100% means most or all of the profit is going out as dividends.
Dividend cover2.2×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

When does Howden Joinery Group Plc report earnings, and how did recent quarters go?

Howden Joinery Group Plc is next scheduled to report on about 2027-02-25 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

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What are the scenarios for Howden Joinery Group Plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£9£8£7today · £8▲ Bull · £8• Base · £8▼ Bear · £7in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+5% to +10%A sudden boost in home renovation activity.
Base
-2% to +2%Steady demand from local trade professionals.
Bear
-5% to -10%Higher interest rates cooling the housing market.

What are the pros and cons of Howden Joinery Group Plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Strong brand loyalty among professional builders
  • High profit margins compared to general retailers
  • Efficient business model focused on trade-only sales
The catch3
  • Highly dependent on the health of the UK housing market
  • Sensitive to fluctuations in raw material costs
  • Share price can be volatile due to its high beta
Key risks3
  • Economic slowdowns reducing household spending on home improvements
  • Rising interest rates making home renovations less affordable
  • Supply chain disruptions affecting product availability
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.