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Hansteen Holdings

LSE:HSTN
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HSTN
LSE
£388M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Hansteen Holdings PLC is a company which was incorporated in the United Kingdom and registered in England and Wales on 27 October 2005. The last earnings update was 24 days ago. More info.


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HSTN Share Price and Events
7 Day Returns
-3.9%
LSE:HSTN
-0.6%
GB REITs
1%
GB Market
1 Year Returns
-29.3%
LSE:HSTN
-4.8%
GB REITs
1.6%
GB Market
HSTN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hansteen Holdings (HSTN) -3.9% -4.5% 3.3% -29.3% -10.4% -15.5%
GB REITs -0.6% -1.7% 5% -4.8% -4.5% 5.8%
GB Market 1% 2.3% 8.6% 1.6% 14% 5.9%
1 Year Return vs Industry and Market
  • HSTN underperformed the REITs industry which returned -4.8% over the past year.
  • HSTN underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.6% over the past year.
Price Volatility
HSTN
Industry
5yr Volatility vs Market

Value

 Is Hansteen Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hansteen Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hansteen Holdings.

LSE:HSTN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:HSTN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.54
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.54 (1 + (1- 19%) (64.16%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.88 * 6.65%)
7.08%

Discounted Cash Flow Calculation for LSE:HSTN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hansteen Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

LSE:HSTN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.08%)
2019 3.30 Analyst x1 3.08
2020 22.84 Analyst x1 19.92
2021 24.14 Analyst x1 19.66
2022 25.17 Est @ 4.24% 19.14
2023 26.01 Est @ 3.33% 18.47
2024 26.71 Est @ 2.7% 17.72
2025 27.31 Est @ 2.26% 16.92
2026 27.84 Est @ 1.95% 16.11
2027 28.33 Est @ 1.73% 15.31
2028 28.77 Est @ 1.58% 14.52
Present value of next 10 years cash flows £160.85
LSE:HSTN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £28.77 × (1 + 1.23%) ÷ (7.08% – 1.23%)
£497.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £497.68 ÷ (1 + 7.08%)10
£251.12
LSE:HSTN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £160.85 + £251.12
£411.97
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £411.97 / 425.05
£0.97
LSE:HSTN Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.97
Current discount Discount to share price of £0.91
= -1 x (£0.91 - £0.97) / £0.97
5.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hansteen Holdings is available for.
Intrinsic value
6%
Share price is £0.913 vs Future cash flow value of £0.96922
Current Discount Checks
For Hansteen Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hansteen Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Hansteen Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hansteen Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hansteen Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:HSTN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.14
LSE:HSTN Share Price ** LSE (2019-04-18) in GBP £0.91
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 45 Publicly-Listed REITs Companies 10.88x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hansteen Holdings.

LSE:HSTN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:HSTN Share Price ÷ EPS (both in GBP)

= 0.91 ÷ 0.14

6.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hansteen Holdings is good value based on earnings compared to the GB REITs industry average.
  • Hansteen Holdings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Hansteen Holdings's expected growth come at a high price?
Raw Data
LSE:HSTN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-18.3%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 26 Publicly-Listed REITs Companies 0.06x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 563 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:HSTN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.33x ÷ -18.3%

-0.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hansteen Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hansteen Holdings's assets?
Raw Data
LSE:HSTN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.14
LSE:HSTN Share Price * LSE (2019-04-18) in GBP £0.91
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.9x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
LSE:HSTN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:HSTN Share Price ÷ Book Value per Share (both in GBP)

= 0.91 ÷ 1.14

0.8x

* Primary Listing of Hansteen Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hansteen Holdings is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess Hansteen Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Hansteen Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Hansteen Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-18.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hansteen Holdings expected to grow at an attractive rate?
  • Hansteen Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Hansteen Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Hansteen Holdings's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:HSTN Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:HSTN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -18.3%
LSE:HSTN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -1.1%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 19.8%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:HSTN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:HSTN Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 49 36 3
2020-12-31 47 33 3
2019-12-31 45 39 3
LSE:HSTN Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 52 0 60
2018-06-30 56 36 87
2018-03-31 58 41 79
2017-12-31 59 45 71
2017-09-30 57 48 54
2017-06-30 56 50 37
2017-03-31 51 49 42
2016-12-31 47 48 48
2016-09-30 61 38 66
2016-06-30 75 27 85
2016-03-31 90 29 117

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hansteen Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hansteen Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:HSTN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Hansteen Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:HSTN Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.08 0.08 0.08 1.00
2020-12-31 0.07 0.07 0.07 1.00
2019-12-31 0.09 0.09 0.09 1.00
LSE:HSTN Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.14
2018-06-30 0.16
2018-03-31 0.12
2017-12-31 0.10
2017-09-30 0.07
2017-06-30 0.05
2017-03-31 0.06
2016-12-31 0.06
2016-09-30 0.09
2016-06-30 0.12
2016-03-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hansteen Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hansteen Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hansteen Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Hansteen Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hansteen Holdings's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hansteen Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hansteen Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hansteen Holdings's 1-year earnings growth is negative, it can't be compared to the GB REITs industry average.
Earnings and Revenue History
Hansteen Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hansteen Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:HSTN Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 51.70 59.50 38.90
2018-06-30 56.40 87.10 39.80
2018-03-31 57.70 79.00 36.15
2017-12-31 59.00 70.90 32.50
2017-09-30 57.35 53.80 27.30
2017-06-30 55.70 36.70 22.10
2017-03-31 51.20 42.35 17.95
2016-12-31 46.70 48.00 13.80
2016-09-30 60.70 66.45 22.15
2016-06-30 74.70 84.90 30.50
2016-03-31 89.50 116.55 37.00
2015-12-31 104.30 148.20 43.50
2015-09-30 101.55 146.70 39.05
2015-06-30 98.80 145.20 34.60
2015-03-31 98.25 131.75 34.10
2014-12-31 97.70 118.30 33.60
2014-09-30 94.95 112.65 31.90
2014-06-30 92.20 107.00 30.20
2014-03-31 89.65 82.50 25.00
2013-12-31 87.10 58.00 19.80
2013-09-30 84.22 44.42 17.58
2013-06-30 81.34 30.84 15.37
2013-03-31 80.25 35.12 14.99
2012-12-31 79.16 39.41 14.60
2012-09-30 77.06 26.48 14.09
2012-06-30 74.96 13.55 13.57

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hansteen Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hansteen Holdings used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Hansteen Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hansteen Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hansteen Holdings has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Hansteen Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hansteen Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hansteen Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hansteen Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hansteen Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hansteen Holdings Company Filings, last reported 3 months ago.

LSE:HSTN Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 470.10 249.00 55.10
2018-06-30 439.40 263.70 38.50
2018-03-31 439.40 263.70 38.50
2017-12-31 557.50 296.60 71.20
2017-09-30 557.50 296.60 71.20
2017-06-30 1,095.00 372.30 726.90
2017-03-31 1,095.00 372.30 726.90
2016-12-31 924.20 820.90 82.50
2016-09-30 924.20 820.90 82.50
2016-06-30 864.60 620.80 44.20
2016-03-31 864.60 620.80 44.20
2015-12-31 806.70 543.80 63.40
2015-09-30 806.70 543.80 63.40
2015-06-30 693.40 498.50 102.00
2015-03-31 693.40 498.50 102.00
2014-12-31 676.40 532.20 110.30
2014-09-30 676.40 532.20 110.30
2014-06-30 636.00 534.40 85.30
2014-03-31 636.00 534.40 85.30
2013-12-31 555.00 498.00 57.80
2013-09-30 555.00 498.00 57.80
2013-06-30 530.10 467.96 94.72
2013-03-31 530.10 467.96 94.72
2012-12-31 516.36 454.03 118.92
2012-09-30 516.36 454.03 118.92
2012-06-30 505.25 450.55 141.33
  • Hansteen Holdings's level of debt (53%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (89.7% vs 53% today).
  • Debt is not well covered by operating cash flow (0.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Hansteen Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hansteen Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Hansteen Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.79%
Current annual income from Hansteen Holdings dividends. Estimated to be 5.58% next year.
If you bought £2,000 of Hansteen Holdings shares you are expected to receive £136 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hansteen Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.01%).
  • Hansteen Holdings's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.12%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:HSTN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 49 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:HSTN Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.05 3.00
2020-12-31 0.05 3.00
2019-12-31 0.05 5.00
LSE:HSTN Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.062 6.498
2018-03-20 0.061 6.008
2017-03-20 0.059 4.483
2016-04-28 0.053 4.807
2016-03-15 0.053 4.959
2015-04-24 0.050 4.309
2015-03-09 0.050 4.129
2014-10-06 0.049 4.541
2014-03-11 0.048 4.581
2013-09-12 0.046 4.325
2013-03-12 0.045 5.050
2012-03-28 0.040 5.237
2012-03-27 0.040 5.460
2011-03-23 0.042 5.355
2011-03-22 0.042 4.856
2010-08-31 0.028 3.645
2010-03-23 0.032 4.675
2009-12-31 0.032 4.019
2009-04-20 0.032 3.867

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hansteen Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Hansteen Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hansteen Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hansteen Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Hansteen Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Morgan Jones
COMPENSATION £1,452,000
AGE 61
TENURE AS CEO 13.5 years
CEO Bio

Mr. Morgan Lewis Jones is a Co-Founder of Hansteen Holdings plc and has been its Joint Chief Executive and Executive Director since October 27, 2005 and 2005 respectively. Mr. Jones served as the Founder Director and Joint Chief Executive at Ashtenne Holdings Ltd. from 1989 to May 18, 2005. Mr. Jones qualified as a Chartered Accountant with Touche Ross.

CEO Compensation
  • Morgan's compensation has increased by more than 20% in the past year.
  • Morgan's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Hansteen Holdings management team in years:

13.3
Average Tenure
61
Average Age
  • The average tenure for the Hansteen Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Morgan Jones

TITLE
Joint Chief Executive & Executive Director
COMPENSATION
£1M
AGE
61
TENURE
13.5 yrs

Ian Watson

TITLE
Joint Chief Executive & Executive Director
COMPENSATION
£1M
AGE
59
TENURE
13.5 yrs

Rick Lowes

TITLE
Finance Director & Executive Director
COMPENSATION
£998K
AGE
64
TENURE
13.3 yrs

Janine McDonald

TITLE
Director of Operations
TENURE
12.3 yrs

Ben Howlett

TITLE
Head of Financial Planning & Analysis

Marco Murray

TITLE
Company Secretary

Derek Heathwood

TITLE
Director of UK
TENURE
8.1 yrs

Paul Rodger

TITLE
Director of Europe
Board of Directors Tenure

Average tenure and age of the Hansteen Holdings board of directors in years:

8.5
Average Tenure
61
Average Age
  • The tenure for the Hansteen Holdings board of directors is about average.
Board of Directors

Mel Egglenton

TITLE
Non-Executive Chairman
COMPENSATION
£150K
TENURE
2.7 yrs

Morgan Jones

TITLE
Joint Chief Executive & Executive Director
COMPENSATION
£1M
AGE
61
TENURE
13.5 yrs

Ian Watson

TITLE
Joint Chief Executive & Executive Director
COMPENSATION
£1M
AGE
59
TENURE
13.5 yrs

Rick Lowes

TITLE
Finance Director & Executive Director
COMPENSATION
£998K
AGE
64
TENURE
8.5 yrs

David Rough

TITLE
Senior Independent Director
COMPENSATION
£56K
AGE
67

Jim Clarke

TITLE
Independent Non-Executive Director
AGE
58
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • Hansteen Holdings insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
27. Mar 19 Buy Melvyn Egglenton Individual 25. Mar 19 25. Mar 19 53,191 £0.94 £50,000
27. Mar 19 Sell Morgan Jones Individual 25. Mar 19 25. Mar 19 -3,752,039 £0.95 £-3,546,802
27. Mar 19 Sell Ian Watson Individual 25. Mar 19 25. Mar 19 -3,752,040 £0.95 £-3,546,803
27. Mar 19 Buy Jim Clarke Individual 26. Mar 19 26. Mar 19 30,906 £0.97 £29,849
27. Mar 19 Buy David Rough Individual 25. Mar 19 25. Mar 19 30,578 £0.95 £29,000
X
Management checks
We assess Hansteen Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hansteen Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why You Shouldn't Look At Hansteen Holdings PLC's (LON:HSTN) Bottom Line

Hansteen Holdings PLC is a UK£418m. … See our latest analysis for Hansteen Holdings. … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities

Simply Wall St -

Did You Manage To Avoid Hansteen Holdings's 28% Share Price Drop?

So while the Hansteen Holdings PLC (LON:HSTN) share price is down 28% in the last year, the total return to shareholders (which includes dividends) was 3.6%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the unfortunate twelve months during which the Hansteen Holdings share price fell, it actually saw its earnings per share (EPS) improve by 217%.

Simply Wall St -

Should You Be Excited About Hansteen Holdings PLC's (LON:HSTN) 20% Return On Equity?

To keep the lesson grounded in practicality, we'll use ROE to better understand Hansteen Holdings PLC (LON:HSTN). … That means that for every £1 worth of shareholders' equity, it generated £0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Worry About Hansteen Holdings PLC's (LON:HSTN) CEO Pay Cheque?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Morgan Jones's Compensation Compare With Similar Sized Companies. … Our data indicates that Hansteen Holdings PLC is worth UK£381m, and total annual CEO compensation is UK£1.5m.

Simply Wall St -

Investing In Property Through Hansteen Holdings PLC (LON:HSTN)

Hansteen Holdings PLC is a UK£396m. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent … FFO is a cleaner and more representative figure of how much HSTN actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation.

Simply Wall St -

The Hansteen Holdings PLC (LON:HSTN) Ownership Structure Could Be Important

In this article, I will take a quick look at Hansteen Holdings PLC’s (LON:HSTN) recent ownership structure – an unconventional investing subject, but an important one. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

One Metric To Rule Them All: Hansteen Holdings PLC (LON:HSTN)

Hansteen Holdings PLC is a UK£447.03m. … real estate investment trust (REIT) based in London, United Kingdom. … View out our latest analysis for Hansteen Holdings

Simply Wall St -

Is Hansteen Holdings PLC (LON:HSTN) A Smart Pick For Income Investors?

The stock currently pays out a dividend yield of 5.57%, and has a market cap of UK£444.55m. … 5 questions to ask before buying a dividend stock … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

Top Picks For Real Estate Dividend Rockstars

During these times, companies such as Hansteen Holdings and Mountview Estates generate high dividend income to shareholders. … Hansteen Holdings PLC (LSE:HSTN) HSTN has a great dividend yield of 6.17% and pays out 62.39% of its profit as dividends , with the expected payout in three years being 89.78%. … LSE:HSTN Historical Dividend Yield May 7th 18 Mountview Estates P.L.C.

Simply Wall St -

3 Days Left To Cash In On Hansteen Holdings PLC (LON:HSTN) Dividend, Should You Buy?

Check out our latest analysis for Hansteen Holdings 5 checks you should use to assess a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is its annual yield among the top 25% of dividend payers? … LSE:HSTN Historical Dividend Yield Apr 1st 18 How does Hansteen Holdings fare? … Next Steps: With this in mind, I definitely rank Hansteen Holdings as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio.

Simply Wall St -

Company Info

Description

Hansteen Holdings PLC is a company which was incorporated in the United Kingdom and registered in England and Wales on 27 October 2005. The Company is required to comply with the provisions of the Companies Act 2006. The address of the registered office is 1st Floor, Pegasus House, 37-43 Sackville Street, London W1S 3DL. The Group’s principal activity is investing in predominantly industrial properties in the United Kingdom.

Details
Name: Hansteen Holdings PLC
HSTN
Exchange: LSE
Founded: 2005
£388,073,037
425,052,615
Website: http://www.hansteen.co.uk
Address: Hansteen Holdings PLC
1st Floor, Pegasus House,
37-43 Sackville Street,
London,
East Lothian, W1S 3DL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HSTN Ordinary Shares London Stock Exchange GB GBP 29. Nov 2005
BATS-CHIXE HSTNL Ordinary Shares BATS 'Chi-X Europe' GB GBP 29. Nov 2005
Number of employees
Current staff
Staff numbers
49
Hansteen Holdings employees.
Industry
Industrial REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:58
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/03/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.