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 2,219 - -
Change - -17.88% 18.77% -2.73% 27.46% 26.83% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,599 3,618 3,641
Change - -10.59% -6.26% -20.67% 43.64% 15.36% 0.55% 0.61%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 11x 9.2x 8.92x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.92x 0.87x 0.82x
PEG - 0.1x 0.4x -0x -0x -0.4x 0.5x 2.88x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 8.41x 7.83x 7.49x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 13.6x 12.8x 12.3x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 19.5x 17.9x 16.8x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 20.2x 18.4x 17.7x
EV / FCF -22.2x 88x 140x - 142x -123x 72.3x 71.8x
FCF Yield -4.51% 1.14% 0.72% - 0.7% -0.81% 1.38% 1.39%
Dividend per Share 2 0.04 0.02 0.15 0.1563 0.165 0.1809 0.1933 0.2022
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.75% 5.08% 5.32%
EPS 2 -0.98 -0.33 -0.1 -1.06 0.46 0.3467 0.4136 0.4264
Distribution rate -4.08% -6.06% -150% -14.7% 35.9% 52.2% 46.7% 47.4%
Net sales 1 241.6 215.2 208.4 189 230.9 263.8 283.4 296.2
EBITDA 1 146.4 166.4 166 136.9 144.2 184.5 202.5 216.9
EBIT 1 154.3 159.4 163 133.8 144.6 178.2 196.9 206.1
Net income 1 -429.1 -164.2 -51.4 -526.3 232.1 198.6 220.3 228.5
Net Debt 1 1,819 1,732 1,326 799 1,370 1,380 1,399 1,422
Reference price 2 3.280 2.380 2.840 2.796 3.300 3.804 3.804 3.804
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
40.29x15.54x16.2x5.2% 58.65B
17.19x24.29x28.74x3.35% 17.74B
9.61x12.64x15.5x5.18% 17.62B
20.57x17.25x25.68x4.82% 15.44B
11.5x14.04x16.7x4.99% 13.08B
29.63x11.46x17.99x3.72% 10.67B
9.89x22.04x29.79x2.84% 10.63B
16.23x12.49x19.55x5.96% 9.93B
27.21x7.28x11.71x5.89% 8.52B
Average 20.24x 15.23x 20.21x 4.66% 18.03B
Weighted average by Cap. 25.39x 15.76x 19.41x 4.78%

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