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 2,187 - -
Change - -17.88% 18.77% -2.73% 27.46% 25.03% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,612 3,639 3,632
Change - -10.59% -6.26% -20.67% 43.64% 15.78% 0.75% -0.19%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 10.4x 10.4x 9.81x
PBR 0.53x 0.45x 0.57x 0.76x 0.79x 0.92x 0.87x 0.83x
PEG - 0.1x 0.4x -0x -0x -0.5x 197.9x 1.74x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 7.92x 7.21x 6.94x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 13.1x 12x 11.5x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 19x 17.4x 16x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 19x 17.2x 16x
EV / FCF -22.2x 88x 140x - 142x 59.9x 40.3x 29.4x
FCF Yield -4.51% 1.14% 0.72% - 0.7% 1.67% 2.48% 3.4%
Dividend per Share 2 0.04 0.02 0.15 0.1563 0.165 0.1833 0.1957 0.2046
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.89% 5.22% 5.46%
EPS 2 -0.98 -0.33 -0.1 -1.06 0.46 0.3615 0.3617 0.3821
Distribution rate -4.08% -6.06% -150% -14.7% 35.9% 50.7% 54.1% 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 1 154.3 159.4 163 133.8 144.6 190.5 212 226.4
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 3.750 3.750 3.750
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.($)
40.64x16x16.28x5.17% 59.58B
16.88x23.5x28.15x3.42% 17.67B
8.95x12.47x15.29x5.35% 17.39B
20.04x16.76x24.06x5.03% 14.89B
10.14x13.76x16.36x5.11% 12.91B
27.87x11.04x17.41x3.89% 10.19B
8.35x21.16x28.63x3.03% 10.18B
15.48x11.97x18.61x6.22% 9.55B
32.19x7.52x12.26x5.44% 9.22B
Average 20.06x 14.91x 19.67x 4.74% 17.95B
Weighted average by Cap. 25.49x 15.62x 18.95x 4.84%

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