Hammerson
Market Cap
UK£589.2m
Last Updated
2020/04/07 22:54 UTC
Data Sources
Company Financials +
Executive Summary
We create vibrant, continually evolving spaces, in and around thriving cities, where people and brands want to be.
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and fair value.
Similar Companies
Share Price & News
How has Hammerson's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HMSO's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.5%
HMSO
1.5%
GB REITs
1.7%
GB Market
1 Year Return
-76.6%
HMSO
-17.9%
GB REITs
-21.8%
GB Market
Return vs Industry: HMSO underperformed the UK REITs industry which returned -24.4% over the past year.
Return vs Market: HMSO underperformed the UK Market which returned -25.9% over the past year.
Shareholder returns
| HMSO | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | 1.5% | 1.7% |
| 30 Day | -57.8% | -17.8% | -12.0% |
| 90 Day | -73.1% | -25.7% | -25.3% |
| 1 Year | -75.4%-76.6% | -14.7%-17.9% | -17.9%-21.8% |
| 3 Year | -84.5%-86.9% | -6.3%-18.5% | -11.8%-22.8% |
| 5 Year | -85.9%-88.8% | -6.4%-23.9% | 0.1%-22.4% |
Price Volatility Vs. Market
How volatile is Hammerson's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Why Did Hammerson plc's (LON:HMSO) Insiders Sell Their Own Shares?1 year ago | Simply Wall St
Is It The Right Time To Buy Hammerson plc (LON:HMSO)?1 year ago | Simply Wall St
Hammerson plc's (LON:HMSO) Poor Growth Outlook Brings ConcernsValuation
Is Hammerson undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HMSO (£0.54) is trading below our estimate of fair value (£3.07)
Significantly Below Fair Value: HMSO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HMSO is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: HMSO 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 HMSO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HMSO is good value based on its PB Ratio (0.1x) compared to the GB REITs industry average (0.7x).
Next Steps
Future Growth
How is Hammerson forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
74.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HMSO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).
Earnings vs Market: HMSO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: HMSO's is expected to become profitable in the next 3 years.
Revenue vs Market: HMSO's revenue is expected to decline over the next 3 years (-8.2% per year).
High Growth Revenue: HMSO's revenue is forecast to decline over the next 3 years (-8.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HMSO's Return on Equity is forecast to be low in 3 years time (4.5%).
Next Steps
Past Performance
How has Hammerson performed over the past 5 years?
-56.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HMSO is currently unprofitable.
Growing Profit Margin: HMSO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: HMSO is unprofitable, and losses have increased over the past 5 years at a rate of -56.9% per year.
Accelerating Growth: Unable to compare HMSO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HMSO is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-21.6%).
Return on Equity
High ROE: HMSO has a negative Return on Equity (-13.15%), as it is currently unprofitable.
Next Steps
Financial Health
How is Hammerson's financial position?
Financial Position Analysis
Short Term Liabilities: HMSO's short term assets (£612.5M) exceed its short term liabilities (£218.8M).
Long Term Liabilities: HMSO's short term assets (£612.5M) do not cover its long term liabilities (£2.7B).
Debt to Equity History and Analysis
Debt Level: HMSO's debt to equity ratio (58.9%) is considered high.
Reducing Debt: HMSO's debt to equity ratio has increased from 45.3% to 58.9% over the past 5 years.
Debt Coverage: HMSO's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: HMSO is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Hammerson's current dividend yield, its reliability and sustainability?
33.64%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HMSO's dividend (48.03%) is higher than the bottom 25% of dividend payers in the UK market (2.66%).
High Dividend: HMSO's dividend (48.03%) is in the top 25% of dividend payers in the UK market (7.4%)
Stability and Growth of Payments
Stable Dividend: HMSO's dividends per share have been stable in the past 10 years.
Growing Dividend: HMSO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (164.2%), HMSO's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HMSO's dividends in 3 years are forecast to be covered by earnings (62.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
David Atkins (53yo)
10.5s
Tenure
UK£1,465,000
Compensation
Mr. David John Atkins, BSc, MRICS, has been Chief Executive Officer of Hammerson PLC since October 1, 2009 and served as its Managing Director of UK Retail since January 1, 2007. Mr. Atkins served as the P ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD1.79M) is above average for companies of similar size in the UK market ($USD1.01M).
Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.5yrs | UK£1.47m | 0.11% £637.2k | |
| CFO & Director | 0.58yr | UK£538.05k | no data | |
| UK & Ireland Operations Director | 0.58yr | no data | no data | |
| Group Investment Director & MD of Premium Outlets | no data | no data | no data | |
| General Counsel & Company Secretary | 0.083yr | no data | no data | |
| Group Marketing & Communications Director | 2.33yrs | no data | no data | |
| Human Resources Director | 5.58yrs | no data | no data | |
| Managing Director of France | 11.25yrs | UK£745.00k | 0.059% £348.7k | |
| Group Head of Sustainability | 6.58yrs | no data | no data | |
| Managing Director of City Quarters & Developments Concept | 0.17yr | no data | no data |
2.3yrs
Average Tenure
53yo
Average Age
Experienced Management: HMSO's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.5yrs | UK£1.47m | 0.11% £637.2k | |
| CFO & Director | 0.58yr | UK£538.05k | no data | |
| Non-Executive Director | 0.75yr | UK£94.00k | 0.012% £71.6k | |
| Non-Executive Director | 5.17yrs | UK£89.00k | 0.0027% £15.6k | |
| Independent Chairman of the Board | 6.92yrs | UK£346.00k | 0.017% £98.1k | |
| Senior Independent Director | 1.25yrs | UK£91.00k | 0.00068% £4.0k | |
| Non-Executive Director | 0.33yr | UK£7.00k | no data | |
| Non-Executive Director | 4.42yrs | UK£67.00k | 0.0057% £33.9k | |
| Non-Executive Director | 8.92yrs | UK£73.00k | 0.00054% £3.2k | |
| Non-Executive Director | 1.08yrs | UK£55.00k | 0.00098% £5.8k |
2.8yrs
Average Tenure
57yo
Average Age
Experienced Board: HMSO's board of directors are not considered experienced ( 2.8 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: HMSO 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
Hammerson plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hammerson plc
- Ticker: HMSO
- Exchange: LSE
- Founded: 2008
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: UK£589.168m
- Shares outstanding: 765.15m
- Website: https://www.hammerson.com
Number of Employees
Location
- Hammerson plc
- Kings Place
- 90 York Way
- London
- East Lothian
- N1 9GE
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HMSN.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| HMSO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| H2V | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| HMSOL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| HMN | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Jan 1992 |
Biography
We create vibrant, continually evolving spaces, in and around thriving cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 22:54 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.