Watkin Jones PLC (GB:WJG)
LSE:WJG
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Watkin Jones
(LSE:WJG)
Select Model
Select Model
Rating:46Neutral
Price Target:
22.50 p
▼(-19.21% Downside)
Action:ReiteratedDate:12/18/25
Watkin Jones is currently facing significant financial and valuation challenges, with declining revenues, profitability, and liquidity issues being the most significant factors. Technical analysis indicates a bearish trend, further impacting the stock's outlook.
Positive Factors
Forward-sale / forward-funding model
Watkin Jones' forward-sale/forward-funding model creates contracted exit routes and revenue visibility by securing institutional buyer commitments before or during construction. This structurally limits inventory risk, supports project financing and stabilizes cashflow timing versus speculative development.
Negative Factors
Material revenue decline
A steep year-on-year revenue contraction materially reduces scale and weakens the firm's ability to leverage fixed-cost capabilities. Sustained top-line decline indicates pipeline, pre-sale or demand challenges that erode bargaining power with institutional buyers and contractors over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Forward-sale / forward-funding model
Watkin Jones' forward-sale/forward-funding model creates contracted exit routes and revenue visibility by securing institutional buyer commitments before or during construction. This structurally limits inventory risk, supports project financing and stabilizes cashflow timing versus speculative development.
Read all positive factors
Watkin Jones (WJG) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£59.07M
Dividend YieldN/A
Average Volume (3M)703.71K
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth-22.78%
EPS Growth-543.24%
CountryUK
Employees600
SectorConsumer Cyclical
Sector Strength84
IndustryResidential Construction
Share Statistics
EPS (TTM)N/A
Shares Outstanding256,831,420
10 Day Avg. Volume513,156
30 Day Avg. Volume703,712
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.70
Price to Sales (P/S)0.31
P/FCF Ratio-6.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.02
Revenue Forecast (FY)£305.47M
Watkin Jones Business Overview & Revenue Model
Company Description
Watkin Jones (WJG) is a leading UK-based property development and construction company, primarily focused on the purpose-built student accommodation (PBSA) and residential sectors. Established in 1791, the company specializes in the design, develo...
How the Company Makes Money
WJG makes money primarily through a development-led model where it originates and delivers residential living schemes (most notably PBSA) that are typically sold on a forward-sale/forward-funding basis to institutional investors. Under this struct...
Watkin Jones Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 279.84M | 362.37M | 413.24M | 407.08M | 430.21M |
| Gross Profit | 19.38M | 33.81M | 34.86M | 67.07M | 84.78M |
| EBITDA | 2.74M | 10.83M | -32.27M | 32.80M | 66.03M |
| Net Income | -8.41M | 1.90M | -32.55M | 13.41M | 41.93M |
Balance Sheet | |||||
| Total Assets | 312.44M | 331.89M | 371.52M | 386.96M | 430.62M |
| Cash, Cash Equivalents and Short-Term Investments | 80.40M | 96.91M | 72.56M | 110.84M | 136.29M |
| Total Debt | 43.56M | 54.36M | 73.72M | 77.39M | 141.21M |
| Total Liabilities | 187.44M | 199.30M | 241.51M | 210.01M | 245.81M |
| Stockholders Equity | 124.99M | 132.59M | 130.00M | 176.95M | 184.81M |
Cash Flow | |||||
| Free Cash Flow | -14.25M | 30.10M | -32.05M | -27.52M | 61.25M |
| Operating Cash Flow | -14.12M | 30.22M | -31.50M | -26.86M | 61.46M |
| Investing Cash Flow | 8.80M | 16.74M | 14.98M | 11.58M | -147.00K |
| Financing Cash Flow | -11.25M | -22.43M | -21.89M | -10.17M | -59.53M |
Watkin Jones Technical Analysis
Negative
27.85
Price Trends
28.71
Negative
28.60
Negative
28.68
Negative
Market Momentum
-0.92
Negative
36.15
Neutral
21.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WJG, the sentiment is Negative. The current price of 27.85 is above the 20-day moving average (MA) of 26.04, below the 50-day MA of 28.71, and below the 200-day MA of 28.68, indicating a bearish trend. The MACD of -0.92 indicates Negative momentum. The RSI at 36.15 is Neutral, neither overbought nor oversold. The STOCH value of 21.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:WJG.
Watkin Jones Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £3.05B | 5.48 | 10.20% | 6.38% | -6.44% | -0.03% | |
67 Neutral | £3.59B | 13.20 | 2.73% | 4.73% | 28.95% | 43.50% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | £1.05B | 15.19 | 4.20% | ― | -4.38% | 100.09% | |
51 Neutral | £138.84M | 47.38 | 5.23% | 2.38% | 8.34% | -13.44% | |
46 Neutral | £59.07M | -2.83 | -6.53% | ― | -22.78% | -543.24% | |
40 Underperform | £157.37M | 192.98 | 0.30% | 1.79% | -1.20% | ― |
* Consumer Cyclical Sector Average
GB:WJG
Watkin Jones
23.10
-8.20
-26.20%
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Watkin Jones Corporate Events
Business Operations and StrategyFinancial Disclosures
Watkin Jones Holds Profit Steady Amid Lower Revenue and Builds Pipeline for Stronger H2
Positive
Apr 29, 2026
Watkin Jones reported that for the half year to 31 March 2026 it delivered strong operational performance, with in-build schemes achieving guided margins and operating profit expected to be broadly in line with the prior year despite lower revenue...
Regulatory Filings and Compliance
Watkin Jones Confirms Total Voting Rights and Share Capital Structure
Neutral
Apr 1, 2026
Watkin Jones plc has confirmed that as of 31 March 2026 its issued share capital comprises 256,831,410 ordinary shares, with no shares held in treasury. This establishes the total number of voting rights at 256,831,410, providing shareholders with...
Executive/Board Changes
Watkin Jones Grants Long-Term Incentive Share Awards to CEO and CFO
Neutral
Feb 27, 2026
Watkin Jones has granted nominal-cost share awards under its 2018 Long Term Incentive Plan to chief executive Alex Pease and chief financial officer Simon Jones, covering 2,310,305 and 1,902,604 ordinary shares respectively. The awards carry a nom...
Business Operations and StrategyShareholder Meetings
Watkin Jones Shareholders Approve All Resolutions at Annual General Meeting
Positive
Feb 4, 2026
Watkin Jones plc announced that all resolutions proposed at its latest Annual General Meeting were duly passed, confirming shareholder support for the company’s current governance, strategic direction and board proposals. The outcome reinfor...
Delistings and Listing ChangesRegulatory Filings and Compliance
Watkin Jones Seeks Blocklisting of Shares for Restricted Award Plan
Neutral
Feb 3, 2026
Watkin Jones has applied to the London Stock Exchange for a blocklisting of 410,000 ordinary shares of 1 penny each to be used for allocations under its restricted share award plan. The new shares, expected to be admitted around 4 February 2026 an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.