Loading...
HMSO logo

Hammerson PlcLSE:HMSO Stock Report

Market Cap UK£1.7b
Share Price
UK£3.30
UK£3.61
8.6% undervalued intrinsic discount
1Y27.8%
7D-1.9%
Portfolio Value
View

Hammerson Plc

LSE:HMSO Stock Report

Market Cap: UK£1.7b

Hammerson (HMSO) Stock Overview

Hammerson Plc is the largest UK-listed, pure-play owner and manager of prime retail and leisure anchored city destinations across the UK, France and Ireland. More details

HMSO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends2/6

HMSO Community Fair Values

Create Narrative

See what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.

Hammerson Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hammerson
Historical stock prices
Current Share PriceUK£3.30
52 Week HighUK£3.74
52 Week LowUK£2.47
Beta1.81
1 Month Change8.70%
3 Month Change-7.98%
1 Year Change27.81%
3 Year Change27.02%
5 Year Change-12.12%
Change since IPO-98.71%

Recent News & Updates

Recent updates

HMSO: Rating Upgrades And Dividend Outlook Will Shape Balanced Repricing Prospects

The updated analyst price target for Hammerson rises by £0.03, with analysts attributing the change to slightly higher revenue growth assumptions, a modestly lower discount rate, and a small adjustment to the future P/E multiple. Analyst Commentary Recent research points to a cluster of higher price targets and rating upgrades for Hammerson, with analysts updating their models around revenue expectations, discount rates, and the future P/E multiple applied to the shares.

HMSO: Positive Rating Upgrades And Dividend Outlook Will Drive Bullish Repricing

Hammerson's updated analyst price target has edged to around £3.58, with analysts pointing to refined fair value estimates and a slightly lower assumed future P/E multiple, supported by recent upgrades and price target increases from several banks. Analyst Commentary Recent research points to more constructive sentiment around Hammerson, with several banks revisiting their assumptions on fair value, sector positioning and risk scenarios.

HMSO: Upgraded Ratings And Higher Future P/E Will Drive Bullish Repricing

Hammerson's analyst price target has edged higher to £3.59 from £3.47, as analysts factor in updated assumptions for slightly stronger revenue growth, a modestly higher discount rate, and a revised future P/E of about 14.45x, partly reflected in recent target lifts and upgrades from several banks. Analyst Commentary Recent research updates point to a cluster of upgraded ratings and higher price targets, as analysts refresh their models for Hammerson and the wider European property group.

HMSO: Future P/E Assumptions And Execution Will Shape Balanced Risk Profile

Analysts have nudged their fair value estimate for Hammerson higher, with the updated price target rising from about £3.34 to roughly £3.47, citing revised assumptions around growth, margins and future P/E multiples following recent upgrades and target increases from the Street. Analyst Commentary Recent research updates point to a slightly more constructive tone around Hammerson, with the latest work fine tuning assumptions on growth, margins and future P/E multiples rather than ripping up the core investment case.

HMSO: Revenue And Margin Execution Will Shape Fairly Balanced Risk Profile

Analysts have lifted their Hammerson price targets by £0.04, citing updated assumptions around revenue growth, profit margin, and a slightly lower discount rate in their models. Analyst Commentary Recent research points to a more constructive stance on Hammerson, with price targets adjusted to reflect updated revenue and margin assumptions, as well as changes in discount rates used in valuation models.

HMSO: Rental Guidance And Earnings Path Will Frame Balanced Risk Profile

Analysts have nudged their fair value estimate for Hammerson higher to £3.34 from £3.31, citing recent price target increases and upgrades that reflect updated assumptions on the discount rate, revenue growth, profit margins and future P/E. Analyst Commentary Recent research updates point to a more refined view of Hammerson, with analysts adjusting their work to reflect changes in assumptions around discount rates, revenue growth, profit margins and future P/E levels.

HMSO: Medium Term Rental Guidance And EPRA Earnings Will Shape Risk Reward

Analysts have nudged their price target on Hammerson slightly higher to £3.31 from £3.30. This reflects small adjustments to assumptions around discount rate, fair value and future P/E, while revenue growth and profit margin expectations remain broadly unchanged.

HMSO: Medium Term Guidance And Rental Income Outlook Will Define Risk Reward

Analysts have nudged their fair value estimate for Hammerson slightly higher to £3.30 from about £3.27, citing small adjustments to discount rate assumptions and a modestly higher future P/E multiple in their models. What's in the News Hammerson issued financial guidance for 2026 and 2027, indicating that management expects the full effect of past repositionings and acquisitions to be reflected in these years.

HMSO: Medium-Term Earnings Guidance Will Shape Future Risk-Reward Balance

Analysts have raised their price target on Hammerson by approximately £0.07, citing slightly faster expected revenue growth and a modestly higher future price to earnings multiple, which is partly offset by a marginally lower profit margin and discount rate. What's in the News Hammerson issued new financial guidance for 2026 and 2027, expecting further growth as benefits from recent repositionings and acquisitions feed through, supporting a medium term EPRA EPS compound annual growth rate target of 8 to 10% (Key Developments).

HMSO: Revenue Momentum And Leadership Change Will Influence Medium-Term Prospects

Analysts have raised their price target for Hammerson slightly, increasing it from £3.19 to £3.20. This adjustment is based on stronger revenue growth projections, even though a modest decrease in expected profit margin has been noted.

HMSO: Earnings Outlook And Lower Discount Rate Will Shape 2025 Performance

Analysts have raised their price target for Hammerson from £3.04 to £3.19, citing improved revenue growth projections and a slightly higher expected profit margin as key drivers for the increase. What's in the News Hammerson Plc updated its earnings guidance for fiscal year 2025 and now expects earnings to be around £101 million (Key Developments).

HMSO: Share Buybacks And New Leadership Will Shape Asset Unlocking Path

Analysts have raised their price target for Hammerson slightly. The estimated fair value has increased from £3.03 to £3.04 per share, reflecting updated assessments of discount rates and future profitability metrics.

Urban Redevelopment And Mixed-Use Repositioning Will Unlock Key Assets

Hammerson’s analyst price target was recently revised down from £4.21 to £3.85, as analysts cited shifting revenue growth expectations and updated fair value calculations in their rationale. Analyst Commentary Recent revisions to Hammerson’s price target have prompted discussion among market observers, with attention on the company’s valuation, growth prospects, and operational execution.
User avatar

Urban Redevelopment And Mixed-Use Repositioning Will Unlock Key Assets

Repositioning into mixed-use assets, experiential retail, and data-driven leasing is increasing occupancy, rental income, and diversifying revenue sources for resilient growth.

Growth Investors: Industry Analysts Just Upgraded Their Hammerson plc (LON:HMSO) Revenue Forecasts By 24%

Aug 12
Growth Investors: Industry Analysts Just Upgraded Their Hammerson plc (LON:HMSO) Revenue Forecasts By 24%

The Hammerson plc (LON:HMSO) Analysts Have Been Trimming Their Sales Forecasts

Jul 29
The Hammerson plc (LON:HMSO) Analysts Have Been Trimming Their Sales Forecasts

Shareholder Returns

HMSOGB Retail REITsGB Market
7D-1.9%-1.7%0.4%
1Y27.8%13.4%19.5%

Return vs Industry: HMSO exceeded the UK Retail REITs industry which returned 15.3% over the past year.

Return vs Market: HMSO exceeded the UK Market which returned 19.6% over the past year.

Price Volatility

Is HMSO's price volatile compared to industry and market?
HMSO volatility
HMSO Average Weekly Movement5.1%
Retail REITs Industry Average Movement3.2%
Market Average Movement5.6%
10% most volatile stocks in GB Market11.4%
10% least volatile stocks in GB Market3.1%

Stable Share Price: HMSO has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: HMSO's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1942124Rob Wilkinsonwww.hammerson.com

Hammerson Plc is the largest UK-listed, pure-play owner and manager of prime retail and leisure anchored city destinations across the UK, France and Ireland. We own, manage and invest in landmark city destinations integrating retail, leisure and community hubs to meet evolving customer and occupier needs while delivering sustainable long-term growth for our stakeholders. Our 10 city locations rank in the top 20 of all retail venues across our geographies and in the top 1% where retail spend is concentrated.

Hammerson Plc Fundamentals Summary

How do Hammerson's earnings and revenue compare to its market cap?
HMSO fundamental statistics
Market capUK£1.75b
Earnings (TTM)UK£232.10m
Revenue (TTM)UK£264.30m
7.5x
P/E Ratio
6.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HMSO income statement (TTM)
RevenueUK£264.30m
Cost of RevenueUK£81.80m
Gross ProfitUK£182.50m
Other Expenses-UK£49.60m
EarningsUK£232.10m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 12, 2026

Earnings per share (EPS)0.44
Gross Margin69.05%
Net Profit Margin87.82%
Debt/Equity Ratio75.4%

How did HMSO perform over the long term?

See historical performance and comparison

Dividends

5.0%
Current Dividend Yield
77%
Payout Ratio

Does HMSO pay a reliable dividends?

See HMSO dividend history and benchmarks
When do you need to buy HMSO by to receive an upcoming dividend?
Hammerson dividend dates
Ex Dividend DateMar 26 2026
Dividend Pay DateMay 08 2026
Days until Ex dividend40 days
Days until Dividend pay date3 days

Does HMSO pay a reliable dividends?

See HMSO dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/05 07:22
End of Day Share Price 2026/05/01 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hammerson Plc is covered by 26 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kyle RollinsonArqaam Capital Research Offshore S.A.L.
Eleanor FrewBarclays
Paul MayBarclays