Shaftesbury
Market Cap
UK£1.6b
Last Updated
2020/07/04 20:56 UTC
Data Sources
Company Financials +
Executive Summary
Shaftesbury is a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and overvalued.
Similar Companies
Share Price & News
How has Shaftesbury's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SHB's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.9%
SHB
1.1%
GB REITs
0.1%
GB Market
1 Year Return
-34.3%
SHB
-15.4%
GB REITs
-15.3%
GB Market
Return vs Industry: SHB underperformed the UK REITs industry which returned -15.4% over the past year.
Return vs Market: SHB underperformed the UK Market which returned -15.3% over the past year.
Shareholder returns
| SHB | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | 1.1% | 0.1% |
| 30 Day | -20.0% | -6.0% | -2.7% |
| 90 Day | -10.1% | 10.2% | 16.9% |
| 1 Year | -33.6%-34.3% | -12.6%-15.4% | -11.4%-15.3% |
| 3 Year | -42.7%-45.3% | -2.3%-14.1% | -3.4%-15.2% |
| 5 Year | -33.8%-38.9% | -2.6%-20.3% | 15.4%-10.3% |
Price Volatility Vs. Market
How volatile is Shaftesbury's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
How Much Are Shaftesbury PLC (LON:SHB) Insiders Spending On Buying Shares?1 month ago | Simply Wall St
If You Had Bought Shaftesbury (LON:SHB) Stock Three Years Ago, You'd Be Sitting On A 46% Loss, Today2 months ago | Simply Wall St
Should You Worry About Shaftesbury PLC's (LON:SHB) CEO Pay Cheque?Valuation
Is Shaftesbury undervalued compared to its fair value and its price relative to the market?
0.61x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: SHB (£5.32) is trading above our estimate of fair value (£3.06)
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 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 good value based on its PB Ratio (0.6x) compared to the GB REITs industry average (0.7x).
Next Steps
Future Growth
How is Shaftesbury forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
108.9%
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 (1.2%).
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 (8.1% per year) is forecast to grow faster than the UK market (3.4% per year).
High Growth Revenue: SHB's revenue (8.1% 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 (2.3%).
Next Steps
Past Performance
How has Shaftesbury performed over the past 5 years?
-43.9%
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 -43.9% 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 (-9%).
Return on Equity
High ROE: SHB has a negative Return on Equity (-11.16%), as it is currently unprofitable.
Next Steps
Financial Health
How is Shaftesbury's financial position?
Financial Position Analysis
Short Term Liabilities: SHB's short term assets (£204.2M) exceed its short term liabilities (£30.8M).
Long Term Liabilities: SHB's short term assets (£204.2M) do not cover its long term liabilities (£1.1B).
Debt to Equity History and Analysis
Debt Level: SHB's debt to equity ratio (40.9%) is considered high.
Reducing Debt: SHB's debt to equity ratio has increased from 34.5% to 40.9% over the past 5 years.
Debt Coverage: SHB's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: SHB is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Shaftesbury current dividend yield, its reliability and sustainability?
1.84%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SHB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SHB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SHB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SHB's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SHB is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SHB's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Brian Bickell (66yo)
8.75yrs
Tenure
UK£1,083,000
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 1, 2011 and its E ...
CEO Compensation Analysis
Compensation vs Market: Brian's total compensation ($USD1.35M) is about average for companies of similar size in the UK market ($USD1.86M).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8.75yrs | UK£1.08m | 0.42% £6.9m | |
| Finance Director & Executive Director | 8.5yrs | UK£793.00k | 0.062% £1.0m | |
| Property Director & Executive Director | 22.75yrs | UK£794.00k | 0.30% £4.9m | |
| Property Director & Executive Director | 22.75yrs | UK£806.00k | 0.37% £6.0m | |
| Head of Group Marketing & Communications | no data | no data | no data | |
| Head of Residential | 4.58yrs | no data | no data | |
| Head of Retail | 2.67yrs | no data | no data | |
| Head of Public Realm | 2.42yrs | no data | no data | |
| Head of Sustainability | 0.17yr | no data | no data | |
| Group Financial Controller | 2.5yrs | no data | no data |
2.7yrs
Average Tenure
60.5yo
Average Age
Experienced Management: SHB's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8.75yrs | UK£1.08m | 0.42% £6.9m | |
| Finance Director & Executive Director | 8.5yrs | UK£793.00k | 0.062% £1.0m | |
| Property Director & Executive Director | 22.75yrs | UK£794.00k | 0.30% £4.9m | |
| Property Director & Executive Director | 22.75yrs | UK£806.00k | 0.37% £6.0m | |
| Independent Non-Executive Director | 7.75yrs | UK£67.00k | 0.0053% £86.1k | |
| Senior Independent Director | 1.5yrs | UK£63.00k | 0.0039% £63.8k | |
| Independent Non-Executive Chairman | 3.75yrs | UK£225.00k | 0.015% £239.2k | |
| Non-Executive Director | 1.5yrs | UK£43.00k | no data | |
| Independent Non-Executive Director | 7.75yrs | UK£67.00k | 0.020% £319.0k |
7.8yrs
Average Tenure
61yo
Average Age
Experienced Board: SHB's board of directors are considered experienced (7.8 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
Shaftesbury PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Shaftesbury PLC
- Ticker: SHB
- Exchange: LSE
- Founded: 1986
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: UK£1.631b
- Shares outstanding: 306.80m
- Website: https://www.shaftesbury.co.uk
Number of Employees
Location
- Shaftesbury PLC
- 22 Ganton Street
- Carnaby
- London
- East Lothian
- W1F 7FD
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SHB | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| OVW | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| SHAB.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
| SHBL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
Biography
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 15.2 acres, the portfolio comprises 607 restaurants, cafés, pubs and shops, extending to 1.1 million sq. ft., 0.4 million sq. ft. of offices and 616 apartments. All our properties are close to the main West End Underground stations, and within ten minutes' walk of the two West End transport hubs for the Elizabeth Line, at Tottenham Court Road and Bond Street. In addition, we have a 50% interest in the Longmartin joint venture, which has a long leasehold interest, extending to 1.9 acres, in St Martin's Courtyard in Covent Garden. We have a strong balance sheet with conservative leverage.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/04 20:56 |
| End of Day Share Price | 2020/07/03 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/09/30 |
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.