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 1,972 - -
Change - -17.88% 18.77% -2.73% 27.46% 12.72% - -
Enterprise Value (EV) 1 3,266 2,920 2,738 2,172 3,119 3,336 3,370 3,391
Change - -10.59% -6.26% -20.67% 43.64% 6.94% 1.02% 0.62%
P/E -3.35x -7.21x -28.4x -2.64x 7.17x 11.5x 9.03x 8.85x
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 4.26x
Capitalization / Revenue 5.99x 5.52x 6.77x 7.26x 7.58x 7.26x 6.82x 6.58x
EV / Revenue 13.5x 13.6x 13.1x 11.5x 13.5x 12.3x 11.7x 11.3x
EV / EBITDA 22.3x 17.5x 16.5x 15.9x 21.6x 18.6x 17.3x 16.5x
EV / EBIT 21.2x 18.3x 16.8x 16.2x 21.6x 18.9x 17.8x 17.1x
EV / FCF -22.2x 88x 140x - 142x 477x 674x 1,130x
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 0.1818 0.1933 0.2002
Rate of return 1.22% 0.84% 5.28% 5.59% 5% 4.89% 5.2% 5.38%
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% 56.2% 46.9% 47.6%
Net sales 1 241.6 215.2 208.4 189 230.9 271.6 289.1 299.5
EBITDA 1 146.4 166.4 166 136.9 144.2 179 194.6 205.4
EBIT 1 154.3 159.4 163 133.8 144.6 176.6 189.6 197.8
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 1,364 1,398 1,419
Reference price 2 3.280 2.380 2.840 2.796 3.300 3.720 3.720 3.720
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.($)
40.45x15.69x16.27x5.17% 59.04B
9.2x12.59x15.43x5.36% 16.9B
13.53x22.51x26.48x3.81% 15.64B
20.16x17.01x24.95x4.91% 15.04B
10.16x13.36x16.08x5.43% 11.83B
7.95x22.47x30.42x2.8% 10.65B
31.39x11.29x17.82x3.76% 10.45B
16.13x12.37x19.33x6.06% 9.75B
22.96x7.11x11.65x6.02% 8.34B
Average 19.10x 14.93x 19.82x 4.81% 17.52B
Weighted average by Cap. 25.00x 15.49x 19.01x 4.9%

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