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 1,944 - -
Change - -17.88% 18.77% -2.73% 27.46% 11.09% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,338 3,368 3,386
Change - -10.59% -6.26% -20.67% 43.64% 7.02% 0.89% 0.55%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 10.6x 8.84x 8.58x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.88x 0.83x 0.78x
PEG - 0.1x 0.4x -0x -0x -0.4x 0.4x 2.83x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 7.14x 6.75x 6.52x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 12.3x 11.7x 11.4x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 18.6x 17.2x 16.5x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 19.1x 17.7x 17.1x
EV / FCF -22.2x 88x 140x - 142x -114x 67.3x 66.8x
FCF Yield -4.51% 1.14% 0.72% - 0.7% -0.88% 1.49% 1.5%
Dividend per Share 2 0.04 0.02 0.15 0.1563 0.165 0.1823 0.1947 0.1996
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.97% 5.31% 5.44%
EPS 2 -0.98 -0.33 -0.1 -1.06 0.46 0.3459 0.4146 0.4272
Distribution rate -4.08% -6.06% -150% -14.7% 35.9% 52.7% 47% 46.7%
Net sales 1 241.6 215.2 208.4 189 230.9 272.2 287.9 298.3
EBITDA 1 146.4 166.4 166 136.9 144.2 179.2 195.8 205.5
EBIT 1 154.3 159.4 163 133.8 144.6 174.6 190.7 198.2
Net income 1 -429.1 -164.2 -51.4 -526.3 232.1 197.1 217.6 225.6
Net Debt 1 1,819 1,732 1,326 799 1,370 1,395 1,424 1,443
Reference price 2 3.280 2.380 2.840 2.796 3.300 3.666 3.666 3.666
Nbr of stocks (in thousands) 4,41,130 4,99,228 4,96,906 4,90,939 5,30,184 5,30,161 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
42.02x16.06x16.65x4.99% 6.12TCr
9.5x12.71x15.86x5.24% 1.72TCr
13.39x24.54x28.91x3.35% 1.77TCr
20.16x17.02x25.34x4.91% 1.5TCr
11.1x13.87x16.62x5.08% 1.26TCr
32.21x11.62x18.33x3.6% 1.09TCr
8.11x22.77x30.83x2.75% 1.08TCr
15.84x12.31x19.26x6.1% 964.1Cr
24.7x7.32x12x5.66% 887.73Cr
Average 19.67x 15.36x 20.42x 4.63% 1.82TCr
Weighted average by Cap. 25.77x 16.00x 19.63x 4.7%

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