| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
SHB Stock Overview
Shaftesbury is a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End.
Rewards
Risk Analysis
No risks detected for SHB from our risk checks.
Shaftesbury Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£6.51 |
| 52 Week High | UK£6.75 |
| 52 Week Low | UK£5.09 |
| Beta | 0.87 |
| 1 Month Change | 11.57% |
| 3 Month Change | 4.41% |
| 1 Year Change | 17.83% |
| 3 Year Change | -22.73% |
| 5 Year Change | -25.85% |
| Change since IPO | 985.01% |
Recent News & Updates
Shareholder Returns
| SHB | GB REITs | GB Market | |
|---|---|---|---|
| 7D | 5.3% | 1.1% | -1.0% |
| 1Y | 17.8% | 23.0% | 8.3% |
Return vs Industry: SHB underperformed the UK REITs industry which returned 23% over the past year.
Return vs Market: SHB exceeded the UK Market which returned 8.3% over the past year.
Price Volatility
| SHB volatility | |
|---|---|
| SHB Average Weekly Movement | 3.2% |
| REITs Industry Average Movement | 2.6% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.6% |
| 10% least volatile stocks in GB Market | 2.5% |
Stable Share Price: SHB is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SHB's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 54 | Brian Bickell | https://www.shaftesbury.co.uk |
Shaftesbury is a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End. Focused on food, beverage, retail and leisure, our portfolio is clustered mainly in Carnaby, Seven Dials and Chinatown, but also includes substantial ownerships in East and West Covent Garden, Soho and Fitzrovia. Extending to 16 acres, the portfolio comprises 611 restaurants, cafés, pubs and shops, extending to 1.1 million sq.
Shaftesbury Fundamentals Summary
| SHB fundamental statistics | |
|---|---|
| Market Cap | UK£2.50b |
| Earnings (TTM) | -UK£194.90m |
| Revenue (TTM) | UK£112.70m |
22.2x
P/S Ratio-12.8x
P/E RatioIs SHB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SHB income statement (TTM) | |
|---|---|
| Revenue | UK£112.70m |
| Cost of Revenue | UK£30.30m |
| Gross Profit | UK£82.40m |
| Expenses | UK£277.30m |
| Earnings | -UK£194.90m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.51 |
| Gross Margin | 73.11% |
| Net Profit Margin | -172.94% |
| Debt/Equity Ratio | 40.1% |
How did SHB perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield104%
Payout RatioValuation
Is Shaftesbury undervalued compared to its fair value and its price relative to the market?
1.05x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SHB (£6.51) is trading above our estimate of fair value (£5.78)
Significantly Below Fair Value: SHB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SHB is unprofitable, so we can't compare its PE Ratio to the UK REITs industry average.
PE vs Market: SHB 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 SHB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SHB is overvalued based on its PB Ratio (1.1x) compared to the GB REITs industry average (0.9x).
Future Growth
How is Shaftesbury forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
71.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SHB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).
Earnings vs Market: SHB is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SHB's is expected to become profitable in the next 3 years.
Revenue vs Market: SHB's revenue (7.2% per year) is forecast to grow faster than the UK market (4.8% per year).
High Growth Revenue: SHB's revenue (7.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SHB's Return on Equity is forecast to be low in 3 years time (2.1%).
Past Performance
How has Shaftesbury performed over the past 5 years?
-65.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SHB is currently unprofitable.
Growing Profit Margin: SHB is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SHB is unprofitable, and losses have increased over the past 5 years at a rate of 65.2% per year.
Accelerating Growth: Unable to compare SHB's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SHB is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (150.1%).
Return on Equity
High ROE: SHB has a negative Return on Equity (-8.21%), as it is currently unprofitable.
Financial Health
How is Shaftesbury's financial position?
Financial Position Analysis
Short Term Liabilities: SHB's short term assets (£255.7M) exceed its short term liabilities (£31.6M).
Long Term Liabilities: SHB's short term assets (£255.7M) do not cover its long term liabilities (£952.3M).
Debt to Equity History and Analysis
Debt Level: SHB's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: SHB's debt to equity ratio has increased from 36.7% to 40.1% over the past 5 years.
Debt Coverage: SHB's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: SHB's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Dividend
What is Shaftesbury current dividend yield, its reliability and sustainability?
0.98%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SHB's dividend (0.98%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.41%).
High Dividend: SHB's dividend (0.98%) is low compared to the top 25% of dividend payers in the UK market (4.06%).
Stability and Growth of Payments
Stable Dividend: SHB's dividend payments have been volatile in the past 10 years.
Growing Dividend: SHB's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (104.5%), SHB's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SHB's dividends in 3 years are not forecast to be well covered by earnings (190.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.2yrs
Average management tenure
CEO
Brian Bickell (67 yo)
10.25yrs
Tenure
UK£1,253,000
Compensation
Mr. Brian Bickell, FCA serves as Director at Shaftesbury Chinatown PLC. He is Director of Shaftesbury Carnaby PLC. He has been the Chief Executive Officer of Shaftesbury Plc since October 01, 2011 and its...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD1.71M) is about average for companies of similar size in the UK market ($USD1.80M).
Compensation vs Earnings: Brian's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: SHB's management team is considered experienced (4.2 years average tenure).
Board Members
Experienced Board: SHB's board of directors are considered experienced (7.3 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Shaftesbury PLC's employee growth, exchange listings and data sources
Key Information
- Name: Shaftesbury PLC
- Ticker: SHB
- Exchange: LSE
- Founded: 1986
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: UK£2.498b
- Shares outstanding: 383.69m
- Website: https://www.shaftesbury.co.uk
Number of Employees
Location
- Shaftesbury PLC
- 22 Ganton Street
- Carnaby
- London
- East Lothian
- W1F 7FD
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 21:11 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/09/30 |
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.