Highcroft Investments PLC is a Real Estate Investment Trust with a premium listing on the main market of the London Stock Exchange (Stock Code: HCFT).
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Established dividend payer and fair value.
Share Price & News
How has Highcroft Investments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HCFT's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HCFT underperformed the UK REITs industry which returned -21.2% over the past year.
Return vs Market: HCFT underperformed the UK Market which returned -15.2% over the past year.
Price Volatility Vs. Market
How volatile is Highcroft Investments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs Highcroft Investments Plc's (LON:HCFT) CEO Salary Justified?
2 months ago | Simply Wall StCould The Highcroft Investments Plc (LON:HCFT) Ownership Structure Tell Us Something Useful?
3 months ago | Simply Wall StIs Highcroft Investments Plc's (LON:HCFT) CEO Paid At A Competitive Rate?
Is Highcroft Investments undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HCFT (£6.45) is trading below our estimate of fair value (£10.75)
Significantly Below Fair Value: HCFT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HCFT is poor value based on its PE Ratio (28.9x) compared to the REITs industry average (13x).
PE vs Market: HCFT is poor value based on its PE Ratio (28.9x) compared to the UK market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HCFT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HCFT is good value based on its PB Ratio (0.5x) compared to the GB REITs industry average (0.7x).
How is Highcroft Investments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Highcroft Investments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Highcroft Investments is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Highcroft Investments competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Highcroft Investments performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HCFT has a large one-off loss of £2.8M impacting its December 31 2019 financial results.
Growing Profit Margin: HCFT's current net profit margins (19.8%) are lower than last year (97.7%).
Past Earnings Growth Analysis
Earnings Trend: HCFT's earnings have declined by -13.6% per year over the past 5 years.
Accelerating Growth: HCFT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HCFT had negative earnings growth (-76.6%) over the past year, making it difficult to compare to the REITs industry average (-22.4%).
Return on Equity
High ROE: HCFT's Return on Equity (1.9%) is considered low.
How is Highcroft Investments's financial position?
Financial Position Analysis
Short Term Liabilities: HCFT's short term assets (£2.7M) do not cover its short term liabilities (£6.5M).
Long Term Liabilities: HCFT's short term assets (£2.7M) do not cover its long term liabilities (£22.2M).
Debt to Equity History and Analysis
Debt Level: HCFT's debt to equity ratio (43.1%) is considered high.
Reducing Debt: HCFT's debt to equity ratio has increased from 8.6% to 43.1% over the past 5 years.
Debt Coverage: HCFT's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: HCFT's interest payments on its debt are well covered by EBIT (5.7x coverage).
What is Highcroft Investments's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HCFT's dividend (7.44%) is higher than the bottom 25% of dividend payers in the UK market (2.04%).
High Dividend: HCFT's dividend (7.44%) is in the top 25% of dividend payers in the UK market (5.85%)
Stability and Growth of Payments
Stable Dividend: HCFT's dividends per share have been stable in the past 10 years.
Growing Dividend: HCFT's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.5%), HCFT's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Simon Gill (62yo)
Mr. Simon Gill, BSc FRICS, has been the Chief Executive at Highcroft Investments plc since August 2013. Mr. Gill served as the Property Director at Highcroft Investments from April 1, 2013 to July 31, 2013 ...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD264.48K) is about average for companies of similar size in the UK market ($USD336.47K).
Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.
|CEO & Director||6.75yrs||UK£217.10k||0.083% £27.8k|
|Finance Director||9.83yrs||UK£185.54k||0.19% £61.8k|
|Executive Director||23.67yrs||UK£59.62k||1.73% £577.1k|
|Independent Non-Executive Chairman||2.33yrs||UK£40.00k||no data|
|Senior Independent Director||5yrs||UK£31.50k||no data|
Experienced Board: HCFT's board of directors are considered experienced (7.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Highcroft Investments Plc's company bio, employee growth, exchange listings and data sources
- Name: Highcroft Investments Plc
- Ticker: HCFT
- Exchange: LSE
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: UK£33.380m
- Shares outstanding: 5.18m
- Website: https://www.highcroftplc.com
Number of Employees
- Highcroft Investments Plc
- Thomas House
- Langford Locks
- East Lothian
- OX5 1HR
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HCFT||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Jan 1992|
Highcroft Investments PLC is a Real Estate Investment Trust with a premium listing on the main market of the London Stock Exchange (Stock Code: HCFT). The group owns a portfolio of commercial properties based in England and Wales. Highcroft aims to deliver sustainable income and capital growth for its shareholders through accretive asset management initiatives and the recycling of capital.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/25 20:58|
|End of Day Share Price||2020/05/22 00:00|
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.