| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
SGRO Overview
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property.
SEGRO Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£12.21 |
| 52 Week High | UK£8.64 |
| 52 Week Low | UK£13.11 |
| Beta | 0.51 |
| 1 Month Change | -4.80% |
| 3 Month Change | 10.40% |
| 1 Year Change | 27.91% |
| 3 Year Change | 90.11% |
| 5 Year Change | 168.12% |
| Change since IPO | -50.59% |
Recent News & Updates
Shareholder Returns
| SGRO | GB REITs | GB Market | |
|---|---|---|---|
| 7D | -2.4% | 0.5% | 1.6% |
| 1Y | 27.9% | 31.0% | 21.7% |
Return vs Industry: SGRO underperformed the UK REITs industry which returned 35.1% over the past year.
Return vs Market: SGRO exceeded the UK Market which returned 24.1% over the past year.
Price Volatility
| SGRO volatility | |
|---|---|
| SGRO Beta | 0.51 |
| Industry Beta | 0.84 |
| Market Beta | 1 |
Stable Share Price: SGRO is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SGRO's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1920 | 355 | David John Sleath | https://www.segro.com |
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.
SEGRO Fundamentals Summary
| SGRO fundamental statistics | |
|---|---|
| Market Cap | UK£14.67b |
| Earnings (TTM) | UK£2.53b |
| Revenue (TTM) | UK£479.70m |
5.8x
P/E Ratio30.6x
P/S RatioIs SGRO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SGRO income statement (TTM) | |
|---|---|
| Revenue | UK£479.70m |
| Cost of Revenue | UK£124.30m |
| Gross Profit | UK£355.40m |
| Expenses | -UK£2.17b |
| Earnings | UK£2.53b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 18, 2022
| Earnings per share (EPS) | 2.10 |
| Gross Margin | 74.09% |
| Net Profit Margin | 526.98% |
| Debt/Equity Ratio | 21.8% |
How did SGRO perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield73%
Payout RatioValuation
Is SEGRO undervalued compared to its fair value and its price relative to the market?
5.8x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SGRO (£12.21) is trading above our estimate of fair value (£8.63)
Significantly Below Fair Value: SGRO is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SGRO is good value based on its PE Ratio (5.8x) compared to the UK REITs industry average (14.9x).
PE vs Market: SGRO is good value based on its PE Ratio (5.8x) compared to the UK market (23.4x).
Price to Earnings Growth Ratio
PEG Ratio: SGRO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SGRO is overvalued based on its PB Ratio (1.4x) compared to the GB REITs industry average (0.9x).
Future Growth
How is SEGRO forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
-27.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SGRO's earnings are forecast to decline over the next 3 years (-27.1% per year).
Earnings vs Market: SGRO's earnings are forecast to decline over the next 3 years (-27.1% per year).
High Growth Earnings: SGRO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SGRO's revenue (9.8% per year) is forecast to grow faster than the UK market (5.9% per year).
High Growth Revenue: SGRO's revenue (9.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SGRO's Return on Equity is forecast to be low in 3 years time (4.5%).
Past Performance
How has SEGRO performed over the past 5 years?
23.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SGRO has a large one-off gain of £2.0B impacting its June 30 2021 financial results.
Growing Profit Margin: SGRO's current net profit margins are higher than last year .
Past Earnings Growth Analysis
Earnings Trend: SGRO's earnings have grown significantly by 23.2% per year over the past 5 years.
Accelerating Growth: SGRO's earnings growth over the past year (272.8%) exceeds its 5-year average (23.2% per year).
Earnings vs Industry: SGRO earnings growth over the past year (272.8%) exceeded the REITs industry 46.5%.
Return on Equity
High ROE: SGRO's Return on Equity (23.5%) is considered high.
Financial Health
How is SEGRO's financial position?
Financial Position Analysis
Short Term Liabilities: SGRO's short term assets (£304.0M) do not cover its short term liabilities (£524.0M).
Long Term Liabilities: SGRO's short term assets (£304.0M) do not cover its long term liabilities (£2.6B).
Debt to Equity History and Analysis
Debt Level: SGRO's debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: SGRO's debt to equity ratio has reduced from 47.6% to 21.8% over the past 5 years.
Debt Coverage: SGRO's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: SGRO's interest payments on its debt are well covered by EBIT (3x coverage).
Balance Sheet
Dividend
What is SEGRO current dividend yield, its reliability and sustainability?
1.85%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SGRO's dividend (1.85%) is higher than the bottom 25% of dividend payers in the UK market (1.34%).
High Dividend: SGRO's dividend (1.85%) is low compared to the top 25% of dividend payers in the UK market (3.93%).
Stability and Growth of Payments
Stable Dividend: SGRO's dividends per share have been stable in the past 10 years.
Growing Dividend: SGRO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.8%), SGRO's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SGRO's dividends in 3 years are forecast to be covered by earnings (84.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.8yrs
Average management tenure
CEO
David John Sleath (60 yo)
10.42yrs
Tenure
UK£3,752,000
Compensation
Mr. David John Rivers Sleath has been the Chief Executive Officer at SEGRO Plc since April 28, 2011. Mr. Sleath serves as Non-Executive Director of Electrocomponents plc since June 1, 2019 and serves as it...
CEO Compensation Analysis
Compensation vs Market: David John's total compensation ($USD5.14M) is above average for companies of similar size in the UK market ($USD3.77M).
Compensation vs Earnings: David John's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SGRO's management team is seasoned and experienced (9.8 years average tenure).
Board Members
Experienced Board: SGRO's board of directors are considered experienced (3.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SGRO 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
SEGRO Plc's employee growth, exchange listings and data sources
Key Information
- Name: SEGRO Plc
- Ticker: SGRO
- Exchange: LSE
- Founded: 1920
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: UK£14.673b
- Shares outstanding: 1.20b
- Website: https://www.segro.com
Number of Employees
Location
- SEGRO Plc
- Cunard House
- 15 Regent Street
- London
- East Lothian
- SW1Y 4LR
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 21:16 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.