British Land
Market Cap
UK£4.8b
Last Updated
2021/04/19 19:31 UTC
Data Sources
Company Financials +
Executive Summary
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. More Details
Rewards
Risk Analysis
Snowflake Analysis
Second-rate dividend payer with moderate growth potential.
Similar Companies
Share Price & News
How has British Land's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BLND is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BLND's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
2.6%
BLND
1.9%
GB REITs
1.6%
GB Market
1 Year Return
32.5%
BLND
3.3%
GB REITs
23.4%
GB Market
Return vs Industry: BLND exceeded the UK REITs industry which returned 3.3% over the past year.
Return vs Market: BLND exceeded the UK Market which returned 23.4% over the past year.
Shareholder returns
| BLND | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 1.9% | 1.6% |
| 30 Day | 0.7% | 5.9% | 5.2% |
| 90 Day | 16.4% | 7.8% | 4.0% |
| 1 Year | 34.8%32.5% | 20.7%3.3% | 30.4%23.4% |
| 3 Year | -12.3%-21.5% | 4.8%0.9% | 17.3%2.6% |
| 5 Year | -9.0%-25.9% | 20.4%7.3% | 48.5%19.8% |
Long-Term Price Volatility Vs. Market
How volatile is British Land's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is British Land Company Plc (LON:BLND) Popular Amongst Institutions?1 month ago | Simply Wall St
British Land's(LON:BLND) Share Price Is Down 28% Over The Past Five Years.3 months ago | Simply Wall St
How Many British Land Company Plc (LON:BLND) Shares Do Institutions Own?Valuation
Is British Land undervalued compared to its fair value and its price relative to the market?
0.77x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: BLND (£5.16) is trading above our estimate of fair value (£4.37)
Significantly Below Fair Value: BLND is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BLND is unprofitable, so we can't compare its PE Ratio to the GB REITs industry average.
PE vs Market: BLND is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BLND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BLND is good value based on its PB Ratio (0.8x) compared to the GB REITs industry average (0.9x).
Future Growth
How is British Land forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
75.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).
Earnings vs Market: BLND is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: BLND's is expected to become profitable in the next 3 years.
Revenue vs Market: BLND's revenue is expected to decline over the next 3 years (-2.3% per year).
High Growth Revenue: BLND's revenue is forecast to decline over the next 3 years (-2.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BLND's Return on Equity is forecast to be low in 3 years time (4.2%).
Past Performance
How has British Land performed over the past 5 years?
-73.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLND is currently unprofitable.
Growing Profit Margin: BLND is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: BLND is unprofitable, and losses have increased over the past 5 years at a rate of 73.3% per year.
Accelerating Growth: Unable to compare BLND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: BLND is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (6.7%).
Return on Equity
High ROE: BLND has a negative Return on Equity (-22.53%), as it is currently unprofitable.
Financial Health
How is British Land's financial position?
Financial Position Analysis
Short Term Liabilities: BLND's short term assets (£317.0M) do not cover its short term liabilities (£452.0M).
Long Term Liabilities: BLND's short term assets (£317.0M) do not cover its long term liabilities (£3.5B).
Debt to Equity History and Analysis
Debt Level: BLND's debt to equity ratio (54.6%) is considered high.
Reducing Debt: BLND's debt to equity ratio has increased from 43.1% to 54.6% over the past 5 years.
Debt Coverage: BLND's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: BLND is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is British Land current dividend yield, its reliability and sustainability?
3.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BLND's dividend (3.26%) is higher than the bottom 25% of dividend payers in the UK market (1.34%).
High Dividend: BLND's dividend (3.26%) is low compared to the top 25% of dividend payers in the UK market (4.11%).
Stability and Growth of Payments
Stable Dividend: BLND's dividend payments have been volatile in the past 10 years.
Growing Dividend: BLND's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.7%), BLND's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BLND's dividends in 3 years are forecast to be covered by earnings (80.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Simon Carter (44 yo)
0.42
Tenure
UK£819,000
Compensation
Mr. Simon Carter, MA, ACA, had been Chief Financial Officer of British Land Company Plc from May 21, 2018 to November 18, 2020 and serves its Director since May 2018. He serves as Chief Executive Officer o...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD1.13M) is below average for companies of similar size in the UK market ($USD2.25M).
Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BLND's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
Experienced Board: BLND's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BLND insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
British Land Company Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: British Land Company Plc
- Ticker: BLND
- Exchange: LSE
- Founded: 1856
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: UK£4.778b
- Shares outstanding: 926.71m
- Website: https://www.britishland.com
Number of Employees
Location
- British Land Company Plc
- York House
- 45 Seymour Street
- London
- Greater London
- W1H 7LX
- United Kingdom
Listings
Biography
Our portfolio of high quality UK commercial property is focused on London Offices and Retail around the UK. We own or manage a portfolio valued at £13.7bn (British Land share: £10.3bn) as at 30 September 2...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 19:31 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.