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 2,201 - -
Change - -17.88% 18.77% -2.73% 27.46% 25.83% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,626 3,653 3,646
Change - -10.59% -6.26% -20.67% 43.64% 16.23% 0.75% -0.19%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 10.4x 10.4x 9.88x
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 7.97x 7.25x 6.99x
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 19x 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 60.1x 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% 4.86% 5.19% 5.42%
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 3.774 3.774 3.774
Nbr of stocks (in thousands) 441,130 499,228 496,906 490,939 530,184 583,323 - -
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.($)
39.43x15.69x15.96x5.33% 57.8B
16.95x23.65x28.33x3.4% 17.62B
8.47x12.17x14.91x5.66% 16.35B
19.95x16.71x23.99x5.07% 14.82B
9.85x13.53x16.09x5.26% 12.48B
27.59x10.89x17.17x3.93% 10.08B
7.95x20.47x27.7x3.19% 9.64B
15.06x12.03x18.7x6.18% 9.62B
35.09x7.53x12.1x5.62% 8.94B
Average 20.04x 14.74x 19.44x 4.85% 17.48B
Weighted average by Cap. 25.09x 15.44x 18.75x 4.96%

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