Snowflake Score | |
---|---|
Valuation | 0/6 |
Future Growth | 0/6 |
Past Performance | 1/6 |
Financial Health | 2/6 |
Dividends | 2/6 |
MCKS Stock Overview
McKay Securities Plc is a commercial property investment company with Real Estate Investment Trust (REIT) status, listed on the main market of the London Stock Exchange.
McKay Securities Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | UK£2.81 |
52 Week High | UK£3.08 |
52 Week Low | UK£2.08 |
Beta | 0.67 |
1 Month Change | -6.02% |
3 Month Change | 24.34% |
1 Year Change | 23.25% |
3 Year Change | 16.12% |
5 Year Change | 22.44% |
Change since IPO | 201.07% |
Recent News & Updates
Shareholder Returns
MCKS | GB REITs | GB Market | |
---|---|---|---|
7D | -0.4% | 2.0% | 0.8% |
1Y | 23.2% | -0.8% | -5.0% |
Return vs Industry: MCKS exceeded the UK REITs industry which returned -1.4% over the past year.
Return vs Market: MCKS exceeded the UK Market which returned -5.2% over the past year.
Price Volatility
MCKS volatility | |
---|---|
MCKS Average Weekly Movement | 9.4% |
REITs Industry Average Movement | 3.6% |
Market Average Movement | 6.1% |
10% most volatile stocks in GB Market | 11.6% |
10% least volatile stocks in GB Market | 3.2% |
Stable Share Price: MCKS is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MCKS's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of UK stocks.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
1946 | 18 | Simon Perkins | https://www.mckaysecurities.plc.uk |
McKay Securities Plc is a commercial property investment company with Real Estate Investment Trust (REIT) status, listed on the main market of the London Stock Exchange. It specialises in the development and refurbishment of office, industrial and logistics buildings within proven markets of South East England and London. The portfolio at 30 September 2020 comprised 33 properties, valued at £438.95m, located in established areas, predominantly along the M4 corridor, where McKay has deep expertise, with a focus on growing satellite towns benefitting from strong connectively to London and robust demand amongst leading occupiers.
McKay Securities Fundamentals Summary
MCKS fundamental statistics | |
---|---|
Market Cap | UK£256.89m |
Earnings (TTM) | UK£14.01m |
Revenue (TTM) | UK£27.26m |
18.3x
P/E Ratio9.4x
P/S RatioIs MCKS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
MCKS income statement (TTM) | |
---|---|
Revenue | UK£27.26m |
Cost of Revenue | UK£6.68m |
Gross Profit | UK£20.59m |
Other Expenses | UK£6.58m |
Earnings | UK£14.01m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
Earnings per share (EPS) | 0.15 |
Gross Margin | 75.51% |
Net Profit Margin | 51.39% |
Debt/Equity Ratio | 52.0% |
How did MCKS perform over the long term?
See historical performance and comparisonDividends
3.0%
Current Dividend Yield139%
Payout RatioValuation
Is McKay Securities undervalued compared to its fair value and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
18.34x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MCKS (£2.81) is trading above our estimate of fair value (£1.69)
Significantly Below Fair Value: MCKS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MCKS is poor value based on its PE Ratio (18.3x) compared to the UK REITs industry average (9.4x).
PE vs Market: MCKS is poor value based on its PE Ratio (18.3x) compared to the UK market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: MCKS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MCKS's PB Ratio (0.9x) is in line with the GB REITs industry average.
Future Growth
How is McKay Securities forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-12.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MCKS's earnings are forecast to decline over the next 3 years (-12.5% per year).
Earnings vs Market: MCKS's earnings are forecast to decline over the next 3 years (-12.5% per year).
High Growth Earnings: MCKS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MCKS's revenue is expected to decline over the next 3 years (-5.7% per year).
High Growth Revenue: MCKS's revenue is forecast to decline over the next 3 years (-5.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MCKS's Return on Equity is forecast to be high in 3 years time
Past Performance
How has McKay Securities performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-40.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCKS has a large one-off gain of £5.1M impacting its September 30 2021 financial results.
Growing Profit Margin: MCKS became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MCKS's earnings have declined by 40.8% per year over the past 5 years.
Accelerating Growth: MCKS has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MCKS has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (129.6%).
Return on Equity
High ROE: MCKS's Return on Equity (4.7%) is considered low.
Financial Health
How is McKay Securities's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: MCKS's short term assets (£21.4M) exceed its short term liabilities (£11.5M).
Long Term Liabilities: MCKS's short term assets (£21.4M) do not cover its long term liabilities (£159.3M).
Debt to Equity History and Analysis
Debt Level: MCKS's net debt to equity ratio (50.9%) is considered high.
Reducing Debt: MCKS's debt to equity ratio has reduced from 61.4% to 52% over the past 5 years.
Debt Coverage: MCKS's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: MCKS's interest payments on its debt are not well covered by EBIT (2.8x coverage).
Balance Sheet
Dividend
What is McKay Securities's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.99%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MCKS's dividend (2.99%) is higher than the bottom 25% of dividend payers in the UK market (1.78%).
High Dividend: MCKS's dividend (2.99%) is low compared to the top 25% of dividend payers in the UK market (4.81%).
Stability and Growth of Payments
Stable Dividend: MCKS's dividend payments have been volatile in the past 10 years.
Growing Dividend: MCKS's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (139.2%), MCKS's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (138.5%), MCKS's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
9.7yrs
Average management tenure
CEO
Simon Perkins (56 yo)
19.33yrs
Tenure
UK£703,000
Compensation
Mr. Simon C. Perkins, BSc (Hons), M.R.I.C.S., has been the Chief Executive Officer and Managing Director of McKay Securities PLC since January 2003 and its Executive Director since April 2001. Mr. Perkins...
CEO Compensation Analysis
Compensation vs Market: Simon's total compensation ($USD865.41K) is about average for companies of similar size in the UK market ($USD958.90K).
Compensation vs Earnings: Simon's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: MCKS's management team is seasoned and experienced (9.7 years average tenure).
Board Members
Experienced Board: MCKS's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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
McKay Securities Plc's employee growth, exchange listings and data sources
Key Information
- Name: McKay Securities Plc
- Ticker: MCKS
- Exchange: LSE
- Founded: 1946
- Industry: Office REITs
- Sector: Real Estate
- Implied Market Cap: UK£256.885m
- Shares outstanding: 91.42m
- Website: https://www.mckaysecurities.plc.uk
Number of Employees
Location
- McKay Securities Plc
- 20 Greyfriars Road
- Reading
- East Lothian
- RG1 1NL
- United Kingdom
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/05/09 00:00 |
End of Day Share Price | 2022/05/06 00:00 |
Earnings | 2021/09/30 |
Annual Earnings | 2021/03/31 |
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.