Company Valuation: Hammerson plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,447 1,188 1,411 1,373 1,750 2,205 - -
Change - -17.88% 18.77% -2.73% 27.46% 26.03% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,629 3,656 3,649
Change - -10.59% -6.26% -20.67% 43.64% 16.35% 0.75% -0.19%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 10.5x 10.4x 9.89x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.93x 0.88x 0.83x
PEG - 0.1x 0.4x -0x -0x -0.5x 197.9x 1.75x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 7.99x 7.26x 7x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 13.1x 12x 11.6x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 19.1x 17.5x 16.1x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 19x 17.2x 16.1x
EV / FCF -22.2x 88x 140x - 142x 60.2x 40.5x 29.5x
FCF Yield -4.51% 1.14% 0.72% - 0.7% 1.66% 2.47% 3.39%
Dividend per Share 2 0.04 0.02 0.15 0.1563 0.165 0.1833 0.1957 0.2046
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.85% 5.18% 5.41%
EPS 2 -0.98 -0.33 -0.1 -1.06 0.46 0.3615 0.3617 0.3821
Distribution rate -4.08% -6.06% -150% -14.7% 35.9% 50.7% 54.1% 53.5%
Net sales 1 241.6 215.2 208.4 189 230.9 276.1 303.6 315.1
EBITDA 1 146.4 166.4 166 136.9 144.2 190.3 209.1 226.6
EBIT 1 154.3 159.4 163 133.8 144.6 190.5 212 226.4
Net income 1 -429.1 -164.2 -51.4 -526.3 232.1 197.1 210.7 222.7
Net Debt 1 1,819 1,732 1,326 799 1,370 1,424 1,451 1,444
Reference price 2 3.280 2.380 2.840 2.796 3.300 3.780 3.780 3.780
Nbr of stocks (in thousands) 4,41,130 4,99,228 4,96,906 4,90,939 5,30,184 5,83,323 - -
Announcement Date 04/03/22 09/03/23 29/02/24 26/02/25 25/02/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.27x15.9x16.18x5.21% 5.9TCr
16.89x23.5x28.16x3.41% 1.77TCr
8.95x12.47x15.27x5.35% 1.74TCr
20.21x16.85x24.19x4.99% 1.5TCr
10.21x13.82x16.43x5.08% 1.3TCr
8.37x21.19x28.67x3.03% 1.02TCr
27.76x10.95x17.26x3.91% 1.01TCr
15.67x12.06x18.75x6.14% 967.82Cr
34.78x7.55x12.21x5.39% 932.05Cr
Average 20.35x 14.92x 19.68x 4.72% 1.79TCr
Weighted average by Cap. 25.46x 15.59x 18.94x 4.85%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield