Hammerson
Market Cap
UK£2.4b
Last Updated
2019/10/16 20:47 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.
Snowflake
Fundamentals
Fair value with moderate growth potential.
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
Market Performance
7 Day Return
15.6%
HMSO
6.6%
GB REITs
1.9%
GB Market
1 Year Return
-29.8%
HMSO
7.1%
GB REITs
2.4%
GB Market
Return vs Industry: HMSO underperformed the UK REITs industry which returned 7.1% over the past year.
Return vs Market: HMSO underperformed the UK Market which returned 2.4% over the past year.
Shareholder returns
| HMSO | Industry | Market | |
|---|---|---|---|
| 7 Day | 15.6% | 6.6% | 1.9% |
| 30 Day | 15.5% | 8.0% | -1.1% |
| 90 Day | 12.9% | 7.5% | -1.8% |
| 1 Year | -23.1%-29.8% | 12.1%7.1% | 7.4%2.4% |
| 3 Year | -33.1%-44.7% | 27.6%9.5% | 18.2%3.7% |
| 5 Year | -32.5%-47.5% | 39.8%11.9% | 35.7%6.1% |
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
Undervalued: HMSO (£3.1) is trading below our estimate of fair value (£6.21)
Significantly Undervalued: 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
Low 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 (0.5x) compared to the GB REITs industry average (0.9x).
Next Steps
Future Growth
How is Hammerson forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
74.1%
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 (1.2%).
Earnings vs Market: HMSO is forecast to become profitable over the next 3 year, which is considered above average market growth.
High Growth Earnings: HMSO's loss is forecast to worsen by 0% next year.
Revenue vs Market: HMSO's revenue is expected to decline over the next 3 years (-4.3% per year).
High Growth Revenue: HMSO's revenue is forecast to decline over the next 3 years (-4.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: HMSO's Return on Equity is forecast to be low in 3 years time (6.6%).
Next Steps
Past Performance
How has Hammerson performed over the past 5 years?
-46.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: HMSO is unprofitable, and losses have increased over the past 5 years at a rate of -46% 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 (-16.8%).
Return on Equity
High ROE: HMSO has a negative Return on Equity (-12.9%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: HMSO is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: HMSO is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Hammerson's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: HMSO has a high level of physical assets or inventory.
Debt Coverage by Assets: HMSO's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: HMSO's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if HMSO has a sufficient allowance for bad loans.
Low Risk Liabilities: HMSO reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if HMSO has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HMSO has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if HMSO has an appropriate level of bad loans.
Next Steps
Dividend
What is Hammerson's current dividend yield, its reliability and sustainability?
8.35%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: HMSO's dividend (8.35%) is higher than the bottom 25% of dividend payers in the UK market (2%).
High Dividend: HMSO's dividend (8.35%) is in the top 25% of dividend payers in the UK market (5.42%)
Stable Dividend: HMSO's dividend payments have been volatile in the past 10 years.
Growing Dividend: HMSO's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (192.4%), 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 (88.6% payout ratio).
Next Steps
Management
What is the CEO of Hammerson's salary, the management and board of directors tenure and is there insider trading?
5.1yrs
Average management tenure
CEO
David Atkins (53yo)
10yrs
Tenure
UK£1,155,000
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 ($USD1.48M) is about average for companies of similar size in the UK market ($USD2.30M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.1yrs
Average Tenure
53yo
Average Age
Experienced Management: HMSO's management team is seasoned and experienced (5.1 years average tenure).
Board Age and Tenure
3.9yrs
Average Tenure
57yo
Average Age
Experienced Board: HMSO's board of directors are considered experienced (3.9 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO & Director |
| Shares | 17,000 |
| Max Price | UK£2.95 |
Ownership Breakdown
Management Team
Timon Drakesmith (53yo)
Executive Officer
- Tenure: 0yrs
- Compensation: UK£785.00k
Sarah Booth (52yo)
General Counsel & Company Secretary
- Tenure: 9.6yrs
Peter William Cole (60yo)
Consultant
- Tenure: 0.5yrs
- Compensation: UK£986.00k
Jean-Philippe Mouton (57yo)
Managing Director of France
- Tenure: 10.8yrs
- Compensation: UK£769.00k
David Atkins (53yo)
CEO & Director
- Tenure: 10yrs
- Compensation: UK£1.16m
Simon Travis
Group Investment Director & MD of Premium Outlets
- Tenure: 0yrs
Stephen Brown
Group Marketing & Communications Director
- Tenure: 1.8yrs
Howard Ebison
UK & Ireland Operations Director
- Tenure: 0.08yrs
Mark Duhig
Human Resources Director
- Tenure: 5.1yrs
James Lenton (44yo)
CFO & Director
- Tenure: 0.08yrs
Board Members
Adam Metz (58yo)
Non-Executive Director
- Tenure: 0.3yrs
Pierre Bruno Bouchut (64yo)
Non-Executive Director
- Tenure: 4.7yrs
- Compensation: UK£92.00k
David Tyler (66yo)
Independent Chairman of the Board
- Tenure: 6.4yrs
- Compensation: UK£343.00k
Gwyn Burr (56yo)
Senior Independent Director
- Tenure: 0.8yrs
- Compensation: UK£83.00k
David Atkins (53yo)
CEO & Director
- Tenure: 10yrs
- Compensation: UK£1.16m
Andrew Formica (48yo)
Non-Executive Director
- Tenure: 3.9yrs
- Compensation: UK£66.00k
Judy Gibbons (62yo)
Non-Executive Director
- Tenure: 8.4yrs
- Compensation: UK£73.00k
Carol Welch
Non-Executive Director
- Tenure: 0.6yrs
James Lenton (44yo)
CFO & Director
- Tenure: 0.08yrs
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£2.371b
- Shares outstanding: 764.79m
- 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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 20:47 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.