olivLaw · European equity research
Coventry Building Society CVBP.L
United Kingdom · London Stock Exchange · Vertical: Listed companies from United Kingdom
Coventry Building Society is a UK mutual focused on high-quality prime residential mortgage lending and savings for its members. In 2025 it grew sharply through the acquisition of The Co-operative Bank, which changes its scale and risk profile, with loans to customers of 72.9 billion pounds at year end.
At the close of 05 Nov 2026, Coventry Building Society (CVBP.L) stock was 165.25 GBP (+0.00% on the day), with 52-week range 165.00–165.25 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- unavailable
- Bollinger (20, 2)
- unavailable – unavailable
- SMA 50 / 200
- unavailable / unavailable
- MACD (12, 26, 9)
- unavailable / unavailable
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | unavailable | −0.6% | unavailable | — |
| 3 months | unavailable | −4.2% | unavailable | — |
| 6 months | unavailable | +4.3% | unavailable | — |
| Year to date | unavailable | +7.5% | unavailable | — |
| 1 year | unavailable | +9.9% | unavailable | +6.7% |
| 3 years | unavailable | +49.8% | unavailable | +24.8% |
| 5 years | unavailable | +42.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable | unavailable |
| Revenue YoY | unavailable | unavailable | unavailable | unavailable |
| Net income | 286.2 m | 351.1 m | 247.0 m | 812.0 m |
| Net income YoY | unavailable | +22.7% | −29.6% | +228.7% |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | unavailable | unavailable |
| Free cash flow | 2.2 bn | 577.6 m | -967.0 m | -749.0 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 11.9 bn GBP
- Financial debt
- unavailable GBP
- Net debt
- unavailable GBP
- Equity
- 4.3 bn GBP
- Total assets
- 88.2 bn GBP
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 20.5%
- ROA
- 1.1%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Income statement · GBP
Balance sheet · GBP
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 7.8 bn | 8.6 bn | 9.9 bn | 11.9 bn | esef· 04 Mar 2026verified |
| Property, plant & equipment, net | 63.2 m | 51.0 m | 47.0 m | 101.0 m | esef· 04 Mar 2026verified |
| Intangibles (excl. goodwill) | 43.3 m | 49.6 m | 55.0 m | 269.0 m | esef· 04 Mar 2026verified |
| Total assets | 58.9 bn | 62.5 bn | 64.0 bn | 88.2 bn | esef· 04 Mar 2026verified |
| Total liabilities | 55.9 bn | 59.2 bn | 60.4 bn | 84.0 bn | esef· 04 Mar 2026verified |
| Equity | 2.9 bn | 3.2 bn | 3.6 bn | 4.3 bn | esef· 04 Mar 2026verified |
Cash flow · GBP
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | 2.3 bn | 600.4 m | -941.0 m | -681.0 m | esef· 04 Mar 2026verified |
| Capex | 26.7 m | 22.8 m | 26.0 m | 68.0 m | esef· 04 Mar 2026verified |
| Free cash flow | 2.2 bn ≈ | 577.6 m ≈ | -967.0 m ≈ | -749.0 m ≈ | esef· 04 Mar 2026derived |
| Investing cash flow | -999.0 m | 25.8 m | 1.0 bn | 2.4 bn | esef· 04 Mar 2026verified |
| Financing cash flow | -138.9 m | 140.7 m | 1.4 bn | 402.0 m | esef· 04 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 1 of at least 6
- score weight coverage: 6.2% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Key indicators
Coverage and freshness
Score by group
6% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 1 of at least 6; score weight coverage: 6.2% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | unavailable | unavailable | — |
| FCF conversion · Quality | -92.2% | 0 (on a fixed band) | 100% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | unavailable | unavailable | — |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial0/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
COVENTRY BUILDING SOCIETY (CVBP.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: ROE 20.5%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 1 of at least 6; score weight coverage: 6.2% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- FCF conversion: -92.2%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net margin, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, Current ratio, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 40 companies
Multiples and returns vs the median
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1- and 3-year price returns: for CVBP.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Coventry Building Society is a UK mutual focused on high-quality prime residential mortgage lending and savings for its members. In 2025 it grew sharply through the acquisition of The Co-operative Bank, which changes its scale and risk profile, with loans to customers of 72.9 billion pounds at year end 1.
SWOT
Strengths
Weaknesses
Opportunities
Risks
- Integration riskmedium
Integrating The Co-operative Bank could delay synergies or cause operational problems while the risk framework is still being consolidated 1.
- Capital riskhigh
The unified IRB model is expected to be submitted at the end of 2027, and the final output could change risk-weighted assets and capital ratios 1.
- Mortgage credit riskmedium
Rising arrears, though still low, could affect portfolio quality if the economy weakens 1.
- Funding riskmedium
Dependence on deposits and wholesale funding could become costly if access to capital markets narrows 1.
- Conduct and compliance risklow
Customer relationships and compliance with consumer protection rules could create reputational losses if errors occur 1.
Investment thesis
What would need to be true (bull case)
- High mortgage book quality and solid liquidity provide a stable base for growth 1.
- Greater scale after the acquisition and a higher savings market share could support higher earnings if integration succeeds 1.
- Repayment of Bank of England scheme funding could lower funding costs in the coming years 1.
What to watch
- Evolution of the CET 1 ratio after Basel 3.1 is applied2027
- Submission of the unified Group IRB modelend of 2027
- Trend in mortgage arrears over the next three months2026
- Progress of The Co-operative Bank integration and synergies2026
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The group lends mainly on owner-occupied and buy-to-let mortgages with low loan-to-value ratios, distributed largely through mortgage intermediaries. Funding comes mainly from retail and business deposits, which stood at 71.7 billion pounds at the end of 2025, supplemented by wholesale funding 1. The acquisition of the Bank, completed on 1 January 2025, added current account and deposit balances and widened the regionally diverse mortgage book 1.
Segments
Mortgages
Mortgage lending is the main engine of the business. Most new lending is on owner-occupied homes, and the group continued to support first-time buyers, with over 9,600 loans advanced in 2025 1.
Savings and deposits
Retail and business deposits are the funding base of the group. With the Bank acquisition, the group took on current accounts and commercial deposits, and its overall savings market share rose to 3.5 percent 1.
Unsecured and business lending
The group also acquired unsecured credit card assets and business and commercial loans, a large part of which relate to PFI and housing association exposures. This portfolio is small relative to the mortgage book 1.
Market context
The group operates in the UK mortgage and savings market, where it has long been a regionally diverse mutual. The Bank acquisition greatly increased its scale, and its overall savings market share rose to 3.5 percent from 2.7 percent in 2024 1. Its market position still depends on economic conditions, market pricing and funding conditions 1.
Sector lending grew in 2025 with more lending in higher LTV segments, and the group took a measured approach given new business margins and the acquisition 1. Asset quality remains high, with arrears very low compared with the industry average 1.
Trends
- Integration of The Co-operative Bankmixed
The Bank acquisition added scale, loans and funding, but it also brings the task of integrating a separate risk model and systems. The group's risk framework is already being unified across the whole group 1.
- Transition to Basel 3.1headwind
Basel 3.1 RWA floors are expected to phase in from 2027 and could reduce the reported CET 1 ratio by increasing risk-weighted assets 1. The group estimates a pro-forma ratio of 20.1 percent after removal of the IRB scalar 1.
- Repayment of Term Funding Scheme drawingstailwind
During 2025 the group repaid most of its drawings under the Bank of England scheme, reducing reliance on wholesale funding 1. Continued repayment could affect funding costs in later years 1.
- Pressure on mortgage marginsmixed
Competition for mortgages and the path of funding costs could compress margins. The group describes a measured approach that could limit volumes if margins remain thin 1.
Competitive position
Coventry competes with other mutual societies and with the large UK banks in mortgages and savings. Its position is strengthened by the expanded scale after the Bank acquisition, but the market remains dominated by players with broader access to funding 1. Rivalry on margins and deposits could shape the evolution of its market share 1.
- Nationwide Building Society
The largest UK building society, active in the same mortgage and savings markets, and cited in the source for its regional house price index.
- Major UK commercial banks
Large banks competing for residential mortgages and retail deposits, with broader access to funding.
- Other UK building societies
Regional and national societies serving the same member and mortgage segment.
- Digital banks and challenger lenders
New savings and account providers that can attract deposits through rate offers and digital experience.
News & filings
In the press
- Fotbal: Jack Grealish, indisponibil pentru meciul lui Everton cu Coventry City, din Premier LeagueAgerpres · 05 Nov 2026 · RO
- Coventry fan, 14, hands himself in after Bradley Lowery taunt in SunderlandAl Jazeera English · 02 Nov 2026 · EN
- Coventry investigate footage of fan taunting SunderlandCNA (Channel NewsAsia) · 01 Nov 2026 · EN
- Coventry win leaves Man United on brink of Premier League relegation zoneAl Jazeera English · 31 Oct 2026 · EN
- Tottenham's agonising wait for a Premier League win ends with Coventry victoryCNA (Channel NewsAsia) · 19 Oct 2026 · EN
- Fotbal: Coventry City, la prima victorie acasă în Premier League după 25 de aniAgerpres · 13 Oct 2026 · RO
- Coventry savour first home Premier League win in 25 yearsCNA (Channel NewsAsia) · 12 Oct 2026 · EN
- IOC President Kirsty Coventry impressed by accommodations at Asian GamesThe Japan Times · 20 Sept 2026 · EN
- Games-IOC chief Coventry gives thumbs-up to Asian Games accommodation despite criticismCNA (Channel NewsAsia) · 20 Sept 2026 · EN
- Lampard's Coventry earn landmark first Premier League win in 25 yearsCNA (Channel NewsAsia) · 19 Sept 2026 · EN
- Nottingham - Coventry 0-1! Prima victorie în Premier League pentru formația lui Lampard - Sport.roSurge — Google News · 19 Sept 2026 · RO
- Coventry City - Newcastle United Statistici: Fotbal Scoruri & Rezultate - EurosportSurge — Google News · 18 Sept 2026 · RO
- Lampard stays upbeat as pointless, goalless Coventry search for lift-offCNA (Channel NewsAsia) · 17 Sept 2026 · EN
- Haaland heads Man City to the top of Premier League with win over CoventryAl Jazeera — World · 05 Sept 2026 · EN
- Arsenal rout Coventry 3-0 to begin Premier League title defence in styleAl Jazeera English · 21 Aug 2026 · EN
- Arsenal vs Coventry LIVE: Premier LeagueAl Jazeera English · 21 Aug 2026 · EN
- Arsenal vs Coventry: Premier League – prediction, lineups, teamsAl Jazeera English · 20 Aug 2026 · EN
- Coventry Cathedral glass engraving damaged in set-up for music eventThe Guardian World · 01 Jul 2026 · RO
- Arsenal to begin Premier League title defence against promoted CoventryAl Jazeera English · 19 Jun 2026 · EN
- IOC chief Coventry stirs social media storm over athlete payment commentsAl Jazeera English · 28 May 2026 · EN
Annual reports (ESEF)
- Annual report 202504 Mar 2026
- Annual report 202318 Mar 2024
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Coventry Building Society · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.