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 2,007 - -
Change - -17.88% 18.77% -2.73% 27.46% 14.69% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,431 3,458 3,451
Change - -10.59% -6.26% -20.67% 43.64% 9.99% 0.79% -0.2%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 9.51x 10.2x 9x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.85x 0.8x 0.76x
PEG - 0.1x 0.4x -0x -0x -0.4x -1.43x 0.7x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 7.27x 6.61x 6.37x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 12.4x 11.4x 11x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 18x 16.5x 15.2x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 18x 16.3x 15.2x
EV / FCF -22.2x 88x 140x - 142x 56.9x 38.3x 27.9x
FCF Yield -4.51% 1.14% 0.72% - 0.7% 1.76% 2.61% 3.58%
Dividend per Share 2 0.04 0.02 0.15 0.1563 0.165 0.1842 0.1962 0.2046
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 5.35% 5.7% 5.95%
EPS 2 -0.98 -0.33 -0.1 -1.06 0.46 0.3615 0.3358 0.3821
Distribution rate -4.08% -6.06% -150% -14.7% 35.9% 51% 58.4% 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 1 154.3 159.4 163 133.8 144.6 190.9 211.6 226.4
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 3.440 3.440 3.440
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.($)
39.41x15.31x15.82x5.48% 56.12B
16.46x23.17x27.76x3.5% 17.08B
8.07x11.94x14.62x5.94% 15.58B
17.91x16.33x23.47x5.27% 14.32B
9.29x13.33x15.88x5.38% 12.2B
26.98x10.79x16.97x3.99% 9.94B
7.69x20.19x27.31x3.23% 9.43B
14.58x11.77x18.5x6.47% 9.23B
34.99x7.52x12.08x5.63% 8.91B
Average 19.49x 14.48x 19.16x 4.99% 16.98B
Weighted average by Cap. 24.71x 15.12x 18.48x 5.11%

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

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