HMSO

HammersonLSE:HMSO Stock Report

Market Cap

UK£1.4b

7D

1.1%

1Y

99.7%

Updated

23 Sep, 2021

Data

Company Financials +
HMSO fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends1/6

HMSO Overview

At Hammerson, we create vibrant, continually evolving spaces, in and around major cities, where people and brands want to be.

Hammerson Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hammerson
Historical stock prices
Current Share PriceUK£0.33
52 Week HighUK£0.14
52 Week LowUK£0.45
Beta2.21
1 Month Change-1.83%
3 Month Change-15.49%
1 Year Change99.70%
3 Year Change-98.57%
5 Year Change-98.86%
Change since IPO-98.70%

Recent News & Updates

Shareholder Returns

HMSOGB REITsGB Market
7D1.1%1.4%0.6%
1Y99.7%36.4%23.1%

Return vs Industry: HMSO exceeded the UK REITs industry which returned 36.4% over the past year.

Return vs Market: HMSO exceeded the UK Market which returned 23.1% over the past year.

Price Volatility

Is HMSO's price volatile compared to industry and market?
HMSO volatility
HMSO Beta2.21
Industry Beta0.84
Market Beta1

Stable Share Price: HMSO is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HMSO's weekly volatility has decreased from 11% to 6% over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008518Rita-Rose Gagnehttps://www.hammerson.com

At Hammerson, we create vibrant, continually evolving spaces, in and around major 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. We own and operate high-quality flagship destinations and have investments in premium outlets in selected European countries and have a City Quarters strategy to evolve our portfolio beyond retail.

Hammerson Fundamentals Summary

How do Hammerson's earnings and revenue compare to its market cap?
HMSO fundamental statistics
Market CapUK£1.41b
Earnings (TTM)-UK£953.20m
Revenue (TTM)UK£263.30m

5.3x

P/S Ratio

-1.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HMSO income statement (TTM)
RevenueUK£263.30m
Cost of RevenueUK£73.50m
Gross ProfitUK£189.80m
ExpensesUK£1.14b
Earnings-UK£953.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.23
Gross Margin72.09%
Net Profit Margin-362.02%
Debt/Equity Ratio74.2%

How did HMSO perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

-23%

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 DateOct 28 2021
Dividend Pay DateDec 07 2021
Days until Ex dividend34 days
Days until Dividend pay date74 days

Does HMSO pay a reliable dividends?

See HMSO dividend history and benchmarks

Valuation

Is Hammerson undervalued compared to its fair value and its price relative to the market?

43.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HMSO (£0.33) is trading below our estimate of fair value (£0.59)

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 UK 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 (0.5x) compared to the GB REITs industry average (0.9x).


Future Growth

How is Hammerson forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

74.9%

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 (0.9%).

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 (-2.9% per year).

High Growth Revenue: HMSO's revenue is forecast to decline over the next 3 years (-2.9% 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 (3.4%).


Past Performance

How has Hammerson performed over the past 5 years?

-69.1%

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 69.1% 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 (46.5%).


Return on Equity

High ROE: HMSO has a negative Return on Equity (-34.02%), as it is currently unprofitable.


Financial Health

How is Hammerson's financial position?


Financial Position Analysis

Short Term Liabilities: HMSO's short term assets (£630.6M) exceed its short term liabilities (£170.2M).

Long Term Liabilities: HMSO's short term assets (£630.6M) do not cover its long term liabilities (£2.2B).


Debt to Equity History and Analysis

Debt Level: HMSO's debt to equity ratio (74.2%) is considered high.

Reducing Debt: HMSO's debt to equity ratio has increased from 61.2% to 74.2% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: HMSO has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HMSO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Hammerson current dividend yield, its reliability and sustainability?

1.20%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 23 2021Ex Dividend DateOct 28 2021Dividend Pay DateDec 07 202140 days from Ex DividendBuy in the next 34 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: HMSO's dividend (1.2%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.36%).

High Dividend: HMSO's dividend (1.2%) is low compared to the top 25% of dividend payers in the UK market (3.95%).


Stability and Growth of Payments

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: HMSO is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: HMSO's dividends in 3 years are forecast to be covered by earnings (67% payout ratio).


Next Steps

Management

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

1.5yrs

Average management tenure


CEO

Rita-Rose Gagne

0.83

Tenure

UK£708,000

Compensation

Ms. Rita-Rose Gagne serves as Chief Executive Officer of Hammerson Plc since November 02, 2020 and has been its Director since November 02, 2020. She served as President of Growth Markets at Ivanhoé Cambri...


CEO Compensation Analysis

Compensation vs Market: Rita-Rose's total compensation ($USD972.37K) is about average for companies of similar size in the UK market ($USD1.34M).

Compensation vs Earnings: Insufficient data to compare Rita-Rose's compensation with company performance.


Leadership Team

Experienced Management: HMSO's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: HMSO's board of directors are not considered experienced ( 1.3 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 been substantially diluted in the past year, with total shares outstanding growing by 2647.5%.


Top Shareholders

Company Information

Hammerson plc's 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£1.414b
  • Shares outstanding: 4.20b
  • Website: https://www.hammerson.com

Number of Employees


Location

  • Hammerson plc
  • Kings Place
  • 90 York Way
  • London
  • East Lothian
  • N1 9GE
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 17:48
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
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.