Company Valuation: Hammerson

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 2,224 - -
Change - -17.88% 18.77% -2.73% 27.46% 27.09% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,665 3,697 3,688
Change - -10.59% -6.26% -20.67% 43.64% 17.49% 0.86% -0.23%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 8.55x 10.8x 10.3x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.93x 0.88x 0.83x
PEG - 0.1x 0.4x -0x -0x -2.81x -0.5x 2.62x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 8.05x 7.32x 7.06x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 13.3x 12.2x 11.7x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 19.3x 17.7x 16.3x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 19.3x 17.5x 16.4x
EV / FCF - - - - - - 40,982,997x 29,840,077x
FCF Yield - - - - - - 0% 0%
Dividend per Share 2 0.04 0.02 0.15 0.1563 0.165 0.1834 0.1946 0.2041
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.81% 5.11% 5.35%
EPS 2 -0.98 -0.33 -0.1 -1.06 0.46 0.446 0.3544 0.3684
Distribution rate -4.08% -6.06% -150% -14.7% 35.9% 41.1% 54.9% 55.4%
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 1 154.3 159.4 163 133.8 144.6 190.1 210.8 225.2
Net income 1 -429.1 -164.2 -51.4 -526.3 232.1 249.8 207.4 216.9
Net Debt 1 1,819 1,732 1,326 799 1,370 1,441 1,473 1,465
Reference price 2 3.280 2.380 2.840 2.796 3.300 3.812 3.812 3.812
Nbr of stocks (in thousands) 441,130 499,228 496,906 490,939 530,184 583,323 - -
Announcement Date 3/4/22 3/9/23 2/29/24 2/26/25 2/25/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.22x15.97x16.21x5.18% 59.56B
17.07x23.68x28.62x3.38% 17.67B
9.39x12.53x15.35x5.31% 17.23B
20.63x17.08x24.32x4.89% 15.22B
10.48x13.88x16.51x5.08% 12.84B
9.48x21.66x29.3x2.93% 10.4B
28.26x11.2x17.59x3.84% 10.33B
15.54x12x18.66x6.19% 9.52B
26.96x7.23x11.38x5.95% 8.44B
Average 19.78x 15.03x 19.77x 4.75% 17.91B
Weighted average by Cap. 25.27x 15.76x 19.09x 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