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 1,957 - -
Change - -17.88% 18.77% -2.73% 27.46% 11.87% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,321 3,355 3,376
Change - -10.59% -6.26% -20.67% 43.64% 6.47% 1.02% 0.62%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 11.4x 8.97x 8.78x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.89x 0.84x 0.8x
PEG - 0.1x 0.4x -0x -0x -0.4x 0.3x 4.22x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 7.21x 6.77x 6.53x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 12.2x 11.6x 11.3x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 18.6x 17.2x 16.4x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 18.8x 17.7x 17.1x
EV / FCF -22.2x 88x 140x - 142x 474x 671x 1,125x
FCF Yield -4.51% 1.14% 0.72% - 0.7% 0.21% 0.15% 0.09%
Dividend per Share 2 0.04 0.02 0.15 0.1563 0.165 0.1818 0.1933 0.2002
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.92% 5.24% 5.42%
EPS 2 -0.98 -0.33 -0.1 -1.06 0.46 0.3236 0.4118 0.4204
Distribution rate -4.08% -6.06% -150% -14.7% 35.9% 56.2% 46.9% 47.6%
Net sales 1 241.6 215.2 208.4 189 230.9 271.6 289.1 299.5
EBITDA 1 146.4 166.4 166 136.9 144.2 179 194.6 205.4
EBIT 1 154.3 159.4 163 133.8 144.6 176.6 189.6 197.8
Net income 1 -429.1 -164.2 -51.4 -526.3 232.1 188.7 216.6 223.2
Net Debt 1 1,819 1,732 1,326 799 1,370 1,364 1,398 1,419
Reference price 2 3.280 2.380 2.840 2.796 3.300 3.692 3.692 3.692
Nbr of stocks (in thousands) 441,130 499,228 496,906 490,939 530,184 530,161 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.28x15.62x16.23x5.19% 58.78B
9.14x12.84x15.92x5.33% 16.94B
11.06x23.47x26.21x3.73% 15.74B
19.75x16.78x24.61x5.02% 14.7B
10.43x13.56x16.27x5.29% 12.13B
8.1x22.76x30.67x2.74% 10.92B
32.55x11.58x18.27x3.62% 10.83B
16.26x12.43x19.41x6.01% 9.81B
30.05x7.6x12.56x5.18% 9.69B
Average 19.74x 15.18x 20.02x 4.68% 17.73B
Weighted average by Cap. 25.10x 15.58x 19.06x 4.83%

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