Empiric Student Property Future Growth

Future criteria checks 4/6

Empiric Student Property is forecast to grow earnings and revenue by 22.6% and 8.5% per annum respectively while EPS is expected to grow by 21.4% per annum.

Key information

22.6%

Earnings growth rate

21.4%

EPS growth rate

Residential REITs earnings growth	29.8%
Revenue growth rate	8.5%
Future return on equity	n/a
Analyst coverage	Low
Last updated	12 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BATS-CHIXE:ESPL - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	101	94	34	59	2
12/31/2025	95	89	32	52	2
12/31/2024	86	63	30	45	2
6/30/2024	82	54	40	42	N/A
3/31/2024	81	54	41	43	N/A
12/31/2023	81	53	42	44	N/A
9/30/2023	80	38	41	43	N/A
6/30/2023	79	22	40	42	N/A
3/31/2023	76	45	41	43	N/A
12/31/2022	73	68	42	44	N/A
9/30/2022	69	80	42	44	N/A
6/30/2022	66	93	42	43	N/A
3/31/2022	61	61	42	43	N/A
12/31/2021	56	29	42	42	N/A
9/30/2021	54	13	31	31	N/A
6/30/2021	51	-3	20	20	N/A
3/31/2021	55	-13	18	19	N/A
12/31/2020	59	-24	17	17	N/A
9/30/2020	64	-6	27	28	N/A
6/30/2020	69	12	37	38	N/A
3/31/2020	70	33	39	39	N/A
12/31/2019	71	55	40	41	N/A
9/30/2019	70	51	41	41	N/A
6/30/2019	69	47	41	42	N/A
3/31/2019	66	44	46	47	N/A
12/31/2018	64	40	52	52	N/A
9/30/2018	61	34	39	40	N/A
6/30/2018	58	28	27	27	N/A
3/31/2018	55	24	N/A	24	N/A
12/31/2017	51	21	N/A	21	N/A
6/30/2017	44	31	N/A	21	N/A
3/31/2017	38	31	N/A	22	N/A
12/31/2016	32	31	N/A	23	N/A
6/30/2016	22	28	N/A	7	N/A
6/30/2015	6	10	N/A	3	N/A
12/31/2014	4	4	N/A	3	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ESPL's forecast earnings growth (22.6% per year) is above the savings rate (2.1%).

Earnings vs Market: ESPL's earnings (22.6% per year) are forecast to grow faster than the UK market (14.7% per year).

High Growth Earnings: ESPL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ESPL's revenue (8.5% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: ESPL's revenue (8.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ESPL's Return on Equity is forecast to be high in 3 years time

Empiric Student Property Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Empiric Student Property plc Revises Revenue Guidance for the Year 2022

Recent updates

Empiric Student Property plc Declares an Interim Dividend in Respect of the Quarter Ended 30 September 2024, Payable on December 6, 2024

Empiric Student Property plc Declares Interim Dividend in Respect of the Quarter Ended 30 June 2024, Payable on 20 September 2024

Empiric Student Property Plc to Report First Half, 2024 Results on Aug 15, 2024

Empiric Student Property plc Provides Dividend Guidance for the Full Year 2024

Fourth quarter dividend of UK£0.0088 announced

Empiric Student Property plc Declares Interim Dividend for the Quarter Ended 31 March 2024, Payable on 28 June 2024

Full year 2023 earnings released: EPS: UK£0.088 (vs UK£0.11 in FY 2022)

Empiric Student Property Plc, Annual General Meeting, May 22, 2024

Empiric Student Property plc Appoints Lisa Hibberd as Company Secretary

Fourth quarter dividend of UK£0.0094 announced

Full year 2023 earnings released: EPS: UK£0.088 (vs UK£0.11 in FY 2022)

Empiric Student Property plc Declares Interim Dividend in Respect of the Quarter Ended 31 December 2023, Payable on 19 April 2024

New minor risk - Financial data availability

Now 22% overvalued after recent price rise

Empiric Student Property Plc to Report Fiscal Year 2023 Results on Mar 14, 2024

Empiric Student Property plc to Declare an Interim Dividend in Respect of the Quarter Ended 30 September 2023, Payable on 01 December 2023

Empiric Student Property Appoints Joanne Pollard as Chief Operating Officer

New minor risk - Profit margin trend

First half 2023 earnings released: EPS: UK£0.041 (vs UK£0.12 in 1H 2022)

Empiric Student Property plc Declares an Interim Dividend in Respect of the Quarter Ended 30 June 2023, Payable on 22 September 2023

Empiric Student Property Plc to Report First Half, 2023 Results on Aug 17, 2023

Far East Orchard Limited (SGX:O10) completed the acquisition of Emily Davies House from Empiric Student Property plc (LSE:ESP).

Empiric Student Property plc Declares Interim Dividend for the Quarter Ended 31 March 2023, Payable on 23 June 2023

Full year 2022 earnings released: EPS: UK£0.11 (vs UK£0.048 in FY 2021)

Now 20% undervalued

Empiric Student Property plc to Report Fiscal Year 2022 Results on Mar 16, 2023

Far East Orchard Limited (SGX:O10) agreed to acquire Emily Davies House from Empiric Student Property plc (LSE:ESP) for £13.9 million.

Empiric Student Property plc Declares Interim Dividend in Respect of the Quarter Ended 30 September 2022, Payable on 25 November 2022; Provides Dividend Guidance for the Financial Year to 31 December 2022

First half 2022 earnings released

Empiric Student Property plc Revises Revenue Guidance for the Year 2022

Empiric Student Property plc Declares Interim Dividend for the Quarter Ended 30 June 2022, Payable on September 2, 2022

Empiric Student Property plc Appoints Donald Grant as Chief Financial & Sustainability Officer Designate and Executive Director

Empiric Student Property plc Announces Appointment of Clair Preston-Beer as Non-Executive Director, effective from July 1, 2022

Empiric Student Property plc Declares Interim Dividend for the Quarter Ended March 31, 2022, Payable on June 24, 2022

Empiric Student Property plc Announces Management Changes

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Empiric Student Property plc, Annual General Meeting, May 23, 2022

Empiric Student Property plc to Declare an Interim Dividend for the Quarter Ended 31 December 2021, Payable on 25 March 2022; Provides Dividend Guidance for the Financial Year 2022

Empiric Student Property plc (LSE:ESP) acquired STUDENT ACCOMMODATION ASSET IN BRISTOL from McLaren Property Limited for £19 million.

Empiric Student Property plc to Report Fiscal Year 2021 Results on Mar 03, 2022

Upcoming dividend of UK£0.025 per share

Senior Independent Non-Executive Director Aubyn James Prower has left the company

First half 2021 earnings released: EPS UK£0.012 (vs UK£0.024 loss in 1H 2020)

An unknown buyer acquired a non-core property in Exeter from Empiric Student Property plc (LSE:ESP) for £11.1 million.

CEO & Director recently sold UK£84k worth of stock

Full year 2020 earnings released: UK£0.04 loss per share (vs UK£0.091 profit in FY 2019)

Empiric Student Property plc, Annual General Meeting, May 25, 2021

Empiric Student Property plc to Report Fiscal Year 2020 Results on Mar 17, 2021

New 90-day low: UK£0.69

New 90-day high: UK£0.75

Empiric Student Property plc Appoints Duncan Garrood as Chief Executive Officer, Effective from September 28, 2020

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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