Stock Analysis Report

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Last Updated

2021/06/24 20:01 UTC

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Company Financials

Executive Summary

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). More Details

Snowflake Analysis

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 is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: HCFT's weekly volatility (3%) has been stable over the past year.

Market Performance

7 Day Return






GB Market

1 Year Return






GB Market

Return vs Industry: HCFT exceeded the UK REITs industry which returned -8.6% over the past year.

Return vs Market: HCFT exceeded the UK Market which returned 17.8% over the past year.

Shareholder returns

7 Day0%0.5%-0.7%
30 Day3.6%3.6%0.4%
90 Day16.3%9.1%6.0%
1 Year29.8%20.4%25.2%-7.6%25.0%19.3%
3 Year10.8%-9.0%2.6%3.9%14.1%1.0%
5 Year27.2%-5.0%25.2%19.5%46.8%19.1%

Long-Term 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


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 (£8.55) is trading below our estimate of fair value (£12.68)

Significantly Below Fair Value: HCFT is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: HCFT is unprofitable, so we can't compare its PE Ratio to the UK REITs industry average.

PE vs Market: HCFT 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 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 (0.8x) compared to the GB REITs industry average (0.9x).

Future Growth

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.

Past Performance

How has Highcroft Investments performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HCFT is currently unprofitable.

Growing Profit Margin: HCFT is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: HCFT is unprofitable, and losses have increased over the past 5 years at a rate of 37.5% per year.

Accelerating Growth: Unable to compare HCFT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HCFT is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (42%).

Return on Equity

High ROE: HCFT has a negative Return on Equity (-2.01%), as it is currently unprofitable.

Financial Health

How is Highcroft Investments's financial position?

Financial Position Analysis

Short Term Liabilities: HCFT's short term assets (£8.2M) exceed its short term liabilities (£2.7M).

Long Term Liabilities: HCFT's short term assets (£8.2M) do not cover its long term liabilities (£27.2M).

Debt to Equity History and Analysis

Debt Level: HCFT's debt to equity ratio (47.6%) is considered high.

Reducing Debt: HCFT's debt to equity ratio has increased from 21.7% to 47.6% over the past 5 years.

Debt Coverage: HCFT's debt is not well covered by operating cash flow (11.8%).

Interest Coverage: HCFT is unprofitable, therefore interest payments are not well covered by earnings.

Balance Sheet


What is Highcroft Investments's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HCFT's dividend (5.26%) is higher than the bottom 25% of dividend payers in the UK market (1.27%).

High Dividend: HCFT's dividend (5.26%) is in the top 25% of dividend payers in the UK market (4.04%)

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 (77.1%), 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.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Simon Gill (63 yo)





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 ($USD413.23K) is about average for companies of similar size in the UK market ($USD326.38K).

Compensation vs Earnings: Simon's compensation has increased whilst the company is unprofitable.

Board Members

Experienced Board: HCFT's board of directors are considered experienced (8.2 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.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Highcroft Investments Plc's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Highcroft Investments Plc
  • Ticker: HCFT
  • Exchange: LSE
  • Founded: NaN
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: UK£44.321m
  • Shares outstanding: 5.18m
  • Website:

Number of Employees


  • Highcroft Investments Plc
  • Thomas House
  • Langford Locks
  • Kidlington
  • East Lothian
  • OX5 1HR
  • United Kingdom



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 ba...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/24 20:01
End of Day Share Price2021/06/24 00:00
Annual Earnings2020/12/31

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.