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 1,969 - -
Change - -17.88% 18.77% -2.73% 27.46% 12.54% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,356 3,386 3,405
Change - -10.59% -6.26% -20.67% 43.64% 7.59% 0.89% 0.56%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 11.5x 9.02x 8.84x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.9x 0.85x 0.8x
PEG - 0.1x 0.4x -0x -0x -0.4x 0.3x 4.25x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 7.23x 6.84x 6.6x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 12.3x 11.8x 11.4x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 18.7x 17.3x 16.6x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 19.2x 17.8x 17.2x
EV / FCF -22.2x 88x 140x - 142x 479x 677x 1,135x
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 0.1823 0.195 0.2004
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.91% 5.25% 5.39%
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% 56.3% 47.4% 47.7%
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 1 154.3 159.4 163 133.8 144.6 174.5 190.6 198
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 1,387 1,417 1,436
Reference price 2 3.280 2.380 2.840 2.796 3.300 3.714 3.714 3.714
Nbr of stocks (in thousands) 441,130 499,228 496,906 490,939 530,184 530,161 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.75x15.77x16.34x5.13% 59.47B
9.29x12.59x15.71x5.35% 16.92B
13.52x22.5x26.46x3.81% 15.6B
20.08x17x24.91x4.93% 14.98B
10.24x13.42x16.09x5.39% 11.93B
7.9x22.37x30.28x2.82% 10.59B
31.7x11.37x17.93x3.72% 10.55B
15.94x12.29x19.2x6.13% 9.64B
22.77x7.08x11.61x6.07% 8.28B
Average 19.13x 14.93x 19.84x 4.82% 17.55B
Weighted average by Cap. 25.16x 15.51x 19.03x 4.89%

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