Published on 29 Mar 2024 on Simply Wall St. via Yahoo Finance
Are Poor Financial Prospects Dragging Down Persimmon Plc (LON:PSN Stock?
Persimmon (LON:PSN) has had a rough three months with its share price down 5.3%. To decide if this trend could continue, we decided to look at its weak fundamentals as they shape the long-term market trends. In this article, we decided to focus on Persimmon's ROE.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.
View our latest analysis for Persimmon