Market Cap
UK£8.9b
Last Updated
2019/10/14 21:02 UTC
Data Sources
Company Financials +
Executive Summary
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property.
Snowflake
Fundamentals
Second-rate dividend payer and slightly overvalued.
Similar Companies
Share Price & News
How has SEGRO's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
0.9%
SGRO
3.3%
GB REITs
1.1%
GB Market
1 Year Return
36.5%
SGRO
7.9%
GB REITs
2.7%
GB Market
Return vs Industry: SGRO exceeded the UK REITs industry which returned 7.9% over the past year.
Return vs Market: SGRO exceeded the UK Market which returned 2.7% over the past year.
Shareholder returns
| SGRO | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 3.3% | 1.1% |
| 30 Day | 4.3% | 4.6% | -1.7% |
| 90 Day | 7.9% | 6.0% | -2.7% |
| 1 Year | 40.4%36.5% | 12.8%7.9% | 7.8%2.7% |
| 3 Year | 115.1%88.0% | 26.4%8.5% | 19.3%4.7% |
| 5 Year | 185.2%131.9% | 40.3%12.4% | 38.0%8.1% |
Price Volatility Vs. Market
How volatile is SEGRO's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
What Can We Expect From SEGRO Plc's (LON:SGRO) Earnings Over The Next Year?2 months ago | Simply Wall St
Is SEGRO Plc's (LON:SGRO) CEO Pay Fair?3 months ago | Simply Wall St
The SEGRO (LON:SGRO) Share Price Is Up 115% And Shareholders Are Boasting About ItValuation
Is SEGRO undervalued compared to its fair value and its price relative to the market?
9.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: SGRO (£8.09) is trading above our estimate of fair value (£5.97)
Significantly Undervalued: 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 (9.3x) compared to the REITs industry average (13.7x).
PE vs Market: SGRO is good value based on its PE Ratio (9.3x) compared to the UK market (16.4x).
Price to Earnings Growth Ratio
Low 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 (1.2x) compared to the GB REITs industry average (0.9x).
Next Steps
Future Growth
How is SEGRO forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
-12.3%
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 (-12.3% per year).
Earnings vs Market: SGRO's earnings are forecast to decline over the next 3 years (-12.3% per year).
High Growth Earnings: SGRO's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SGRO's revenue (8.4% per year) is forecast to grow faster than the UK market (3.8% per year).
High Growth Revenue: SGRO's revenue (8.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SGRO's Return on Equity is forecast to be low in 3 years time (5.6%).
Next Steps
Past Performance
How has SEGRO performed over the past 5 years?
13.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SGRO's earnings have grown by 13.6% per year over the past 5 years.
Accelerating Growth: SGRO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SGRO had negative earnings growth (-19.8%) over the past year, making it difficult to compare to the REITs industry average (-16.8%).
Return on Equity
High ROE: SGRO's Return on Equity (12.4%) is considered low.
Return on Assets
ROA vs Industry: SGRO has a higher Return on Assets than the REITs industry average last year.
Return on Capital Employed
ROCE Improving: SGRO's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is SEGRO's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SGRO has a low level of unsold assets or inventory.
Debt Coverage by Assets: SGRO's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: SGRO's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if SGRO has a sufficient allowance for bad loans.
Low Risk Liabilities: SGRO reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SGRO has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SGRO has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SGRO has an appropriate level of bad loans.
Next Steps
Dividend
What is SEGRO's current dividend yield, its reliability and sustainability?
2.32%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SGRO's dividend (2.32%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).
High Dividend: SGRO's dividend (2.32%) is low compared to the top 25% of dividend payers in the UK market (5.44%).
Stable Dividend: SGRO's dividend payments have been volatile in the past 10 years.
Growing Dividend: SGRO's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (60.6%), 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 (81.8% payout ratio).
Next Steps
Management
What is the CEO of SEGRO's salary, the management and board of directors tenure and is there insider trading?
7.9yrs
Average management tenure
CEO
David John Sleath (58yo)
8.5yrs
Tenure
UK£3,596,000
Compensation
Mr. David John Rivers Sleath has been the Chief Executive Officer at SEGRO Plc since April 28, 2011. Mr. Sleath served as Non-Executive Director of Electrocomponents plc since June 1, 2019 until September ...
CEO Compensation Analysis
Compensation vs. Market: David John's total compensation ($USD4.52M) is about average for companies of similar size in the UK market ($USD4.54M).
Compensation vs Earnings: David John's compensation has been consistent with company performance over the past year.
Management Age and Tenure
7.9yrs
Average Tenure
53.5yo
Average Age
Experienced Management: SGRO's management team is seasoned and experienced (7.9 years average tenure).
Board Age and Tenure
3.1yrs
Average Tenure
58yo
Average Age
Experienced Board: SGRO's board of directors are considered experienced (3.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors CFO & Executive Director |
| Shares | 110,000 |
| Max Price | UK£7.27 |
Ownership Breakdown
Management Team
Elizabeth Blease (52yo)
General Counsel & Group Company Secretary
- Tenure: 0yrs
David John Sleath (58yo)
CEO & Executive Director
- Tenure: 8.5yrs
- Compensation: UK£3.60m
Phil Redding (50yo)
Chief Investment Officer & Executive Director
- Tenure: 6.4yrs
- Compensation: UK£2.32m
Andy Gulliford (56yo)
COO & Executive Director
- Tenure: 6.4yrs
- Compensation: UK£2.32m
Soumen Das (42yo)
CFO & Executive Director
- Tenure: 2.8yrs
- Compensation: UK£1.78m
Liz Reilly (55yo)
Group Human Resouse Director
- Tenure: 0yrs
Nick Hughes
Director of Marketing & Communications
- Tenure: 6yrs
James Power
Director of Digital & Technology
- Tenure: 0yrs
Lizzie Humphreys
External Communications Manager
- Tenure: 0yrs
Claire Mogford
Head of Investor Relations
- Tenure: 0yrs
Board Members
Gerald Michael Corbett (68yo)
Independent Chairman of the Board
- Tenure: 3.5yrs
- Compensation: UK£250.00k
Christopher Fisher (65yo)
Independent Non Executive Director
- Tenure: 7yrs
- Compensation: UK£75.00k
David John Sleath (58yo)
CEO & Executive Director
- Tenure: 8.5yrs
- Compensation: UK£3.60m
Phil Redding (50yo)
Chief Investment Officer & Executive Director
- Tenure: 6.4yrs
- Compensation: UK£2.32m
Andy Gulliford (56yo)
COO & Executive Director
- Tenure: 6.4yrs
- Compensation: UK£2.32m
Mary Barnard
Independent Non-Executive Director
- Tenure: 0.6yrs
Martin Moore (62yo)
Senior Independent Non-Executive Director
- Tenure: 1.5yrs
- Compensation: UK£70.00k
Sue Clayton (61yo)
Independent Non-Executive Director
- Tenure: 1.3yrs
- Compensation: UK£35.00k
Soumen Das (42yo)
CFO & Executive Director
- Tenure: 2.8yrs
- Compensation: UK£1.78m
Carol Fairweather (58yo)
Independent Non Executive Director
- Tenure: 1.8yrs
- Compensation: UK£60.00k
Company Information
SEGRO Plc's company bio, 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£8.869b
- Shares outstanding: 1.10b
- Website: https://www.segro.com
Number of Employees
Location
- SEGRO Plc
- Cunard House
- 15 Regent Street
- London
- East Lothian
- SW1Y 4LR
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SEGX.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| SGRO | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| S4VC | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| SGROL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
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 7.8 million square metres of space (84 m ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 21:02 |
| End of Day Share Price | 2019/10/14 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.