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 2,044 - -
Change - -17.88% 18.77% -2.73% 27.46% 16.84% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,422 3,450 3,466
Change - -10.59% -6.26% -20.67% 43.64% 9.7% 0.81% 0.47%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 11.1x 9.32x 9.04x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.93x 0.88x 0.84x
PEG - 0.1x 0.4x -0x -0x -0.5x 0.5x 2.92x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 7.51x 7.1x 6.85x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 12.6x 12x 11.6x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 18.9x 17.5x 16.6x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 19.6x 18.1x 17.5x
EV / FCF -22.2x 88x 140x - 142x -117x 69x 68.3x
FCF Yield -4.51% 1.14% 0.72% - 0.7% -0.86% 1.45% 1.46%
Dividend per Share 2 0.04 0.02 0.15 0.1563 0.165 0.1823 0.1948 0.1997
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.73% 5.05% 5.18%
EPS 2 -0.98 -0.33 -0.1 -1.06 0.46 0.3467 0.4136 0.4264
Distribution rate -4.08% -6.06% -150% -14.7% 35.9% 52.6% 47.1% 46.8%
Net sales 1 241.6 215.2 208.4 189 230.9 272.2 287.9 298.3
EBITDA 1 146.4 166.4 166 136.9 144.2 180.9 196.7 208.3
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 -526.3 232.1 198.6 220.3 228.5
Net Debt 1 1,819 1,732 1,326 799 1,370 1,378 1,405 1,422
Reference price 2 3.280 2.380 2.840 2.796 3.300 3.856 3.856 3.856
Nbr of stocks (in thousands) 441,130 499,228 496,906 490,939 530,184 530,160 - -
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.($)
40.66x15.63x16.29x5.16% 59.19B
16.95x23.7x28.74x3.4% 17.46B
9.55x12.6x15.45x5.22% 17.48B
20.57x17.25x25.68x4.82% 15.44B
11.51x14.04x16.71x4.98% 13.07B
29.83x11.51x18.09x3.7% 10.74B
9.79x21.89x29.58x2.87% 10.51B
16.23x12.49x19.55x5.96% 9.93B
25.72x7.46x12.22x5.43% 9.24B
Average 20.09x 15.18x 20.26x 4.61% 18.12B
Weighted average by Cap. 25.51x 15.68x 19.40x 4.75%

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