St. Modwen Properties
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St. Modwen Properties PLC invests in, develops, operates, and manages residential and commercial properties in the United Kingdom. The last earnings update was 16 days ago. More info.
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SMP Share Price and Events
7 Day Returns
1 Year Returns
SMP Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| St. Modwen Properties (SMP) | -1.9% | -2.4% | 2.6% | 0.8% | 51.8% | 10.7% |
| GB Real Estate | -1% | 2% | -2.2% | -15.7% | -19.5% | -8.2% |
| GB Market | 0.3% | 1.9% | 0.4% | -1.9% | 11.4% | 6.7% |
1 Year Return vs Industry and Market
- SMP outperformed the Real Estate industry which returned -15.7% over the past year.
- SMP outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -1.9% over the past year.
SMP Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
St. Modwen Properties
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for St. Modwen Properties.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 1 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.6% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 6.7% |
| Real Estate Unlevered Beta | Simply Wall St/ S&P Global | 1.05 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.05 (1 + (1- 19%) (39.26%)) |
1.257 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.26 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.257 * 6.65%) |
9.59% |
Discounted Cash Flow Calculation for LSE:SMP using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for St. Modwen Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (GBP, Millions) | Source |
Present Value Discounted (@ 9.59%) |
|
|---|---|---|---|
| 2020 | 54.94 | Analyst x2 | 50.13 |
| 2021 | 107.34 | Analyst x1 | 89.38 |
| 2022 | 144.50 | Est @ 34.62% | 109.80 |
| 2023 | 180.05 | Est @ 24.6% | 124.84 |
| 2024 | 211.72 | Est @ 17.59% | 133.95 |
| 2025 | 238.57 | Est @ 12.68% | 137.73 |
| 2026 | 260.62 | Est @ 9.24% | 137.30 |
| 2027 | 278.45 | Est @ 6.84% | 133.86 |
| 2028 | 292.80 | Est @ 5.16% | 128.44 |
| 2029 | 304.45 | Est @ 3.98% | 121.87 |
| Present value of next 10 years cash flows | £1,167.30 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= £304.45 × (1 + 1.23%) ÷ (9.59% – 1.23%) |
£3,685.95 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= £3,685.95 ÷ (1 + 9.59%)10 |
£1,475.43 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= £1,167.30 + £1,475.43 |
£2,642.72 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £2,642.72 / 222.11 |
£11.9 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £11.90 |
| Current discount | Discount to share price of
£4.15
= -1 x (£4.15 - £11.90) / £11.90 |
65.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- St. Modwen Properties's share price is below the future cash flow value, and at a moderate discount (> 20%).
- St. Modwen Properties's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for St. Modwen Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
St. Modwen Properties's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-05-31) in GBP | £0.28 |
| LSE:SMP Share Price ** | LSE (2019-07-18) in GBP | £4.15 |
| United Kingdom of Great Britain and Northern Ireland Real Estate Industry PE Ratio | Median Figure of 29 Publicly-Listed Real Estate Companies | 12.05x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 791 Publicly-Listed Companies | 16.52x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of St. Modwen Properties.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:SMP Share Price ÷ EPS (both in GBP) = 4.15 ÷ 0.28 |
14.7x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- St. Modwen Properties is overvalued based on earnings compared to the GB Real Estate industry average.
- St. Modwen Properties is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
St. Modwen Properties's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.7x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts |
16%per year |
| United Kingdom of Great Britain and Northern Ireland Real Estate Industry PEG Ratio | Median Figure of 16 Publicly-Listed Real Estate Companies | 1.4x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 572 Publicly-Listed Companies | 1.43x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.7x ÷ 16% |
0.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- St. Modwen Properties is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
St. Modwen Properties's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-05-31) in GBP | £4.76 |
| LSE:SMP Share Price * | LSE (2019-07-18) in GBP | £4.15 |
| United Kingdom of Great Britain and Northern Ireland Real Estate Industry PB Ratio | Median Figure of 36 Publicly-Listed Real Estate Companies | 1x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,377 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:SMP Share Price ÷ Book Value per Share (both in GBP) = 4.15 ÷ 4.76 |
0.87x |
* Primary Listing of St. Modwen Properties.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- St. Modwen Properties is good value based on assets compared to the GB Real Estate industry average.
Value checks
We assess St. Modwen Properties's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check) St. Modwen Properties has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
SMP Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- St. Modwen Properties's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- St. Modwen Properties's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- St. Modwen Properties's revenues are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:SMP Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts | 16% |
| LSE:SMP Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts | -81.6% |
| United Kingdom of Great Britain and Northern Ireland Real Estate Industry Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United Kingdom of Great Britain and Northern Ireland Real Estate Industry Revenue Growth Rate | Market Cap Weighted Average | -6% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 11% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 4.8% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-11-30 | 46 | 66 | 97 | 1 |
| 2020-11-30 | 39 | 53 | 84 | 1 |
| 2019-11-30 | 36 | 45 | 76 | 1 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-05-31 | 395 | 15 | 63 |
| 2019-02-28 | 415 | -2 | 61 |
| 2018-11-30 | 435 | -19 | 60 |
| 2018-08-31 | 409 | 19 | 57 |
| 2018-05-31 | 381 | 56 | 54 |
| 2018-02-28 | 351 | 36 | 57 |
| 2017-11-30 | 321 | 15 | 60 |
| 2017-08-31 | 300 | -24 | 57 |
| 2017-05-31 | 279 | -63 | 54 |
| 2017-02-28 | 284 | -25 | 54 |
| 2016-11-30 | 288 | 13 | 53 |
| 2016-08-31 | 300 | 1 | 64 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
All data from St. Modwen Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-11-30 | 0.44 | 0.44 | 0.44 | 1.00 |
| 2020-11-30 | 0.39 | 0.40 | 0.38 | 2.00 |
| 2019-11-30 | 0.34 | 0.34 | 0.34 | 2.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2019-05-31 | 0.28 |
| 2019-02-28 | 0.28 |
| 2018-11-30 | 0.27 |
| 2018-08-31 | 0.26 |
| 2018-05-31 | 0.24 |
| 2018-02-28 | 0.26 |
| 2017-11-30 | 0.27 |
| 2017-08-31 | 0.26 |
| 2017-05-31 | 0.24 |
| 2017-02-28 | 0.24 |
| 2016-11-30 | 0.24 |
| 2016-08-31 | 0.29 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- St. Modwen Properties is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess St. Modwen Properties's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
St. Modwen Properties has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
SMP Past Performance
How has St. Modwen Properties performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- St. Modwen Properties's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- St. Modwen Properties's 1-year earnings growth exceeds its 5-year average (17% vs -25.3%)
- St. Modwen Properties's earnings growth has exceeded the GB Real Estate industry average in the past year (17% vs -1%).
Earnings and Revenue History
All data from St. Modwen Properties Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-05-31 | 394.70 | 62.70 | 46.20 | |
| 2019-02-28 | 414.95 | 61.45 | 44.70 | |
| 2018-11-30 | 435.20 | 60.20 | 43.20 | |
| 2018-08-31 | 408.70 | 56.90 | 40.80 | |
| 2018-05-31 | 380.90 | 53.60 | 38.40 | |
| 2018-02-28 | 350.75 | 56.60 | 37.85 | |
| 2017-11-30 | 320.60 | 59.60 | 37.30 | |
| 2017-08-31 | 299.95 | 56.85 | 35.20 | |
| 2017-05-31 | 279.30 | 54.10 | 33.10 | |
| 2017-02-28 | 283.50 | 53.75 | 33.00 | |
| 2016-11-30 | 287.70 | 53.40 | 32.90 | |
| 2016-08-31 | 299.60 | 64.00 | 31.50 | |
| 2016-05-31 | 311.50 | 74.60 | 30.10 | |
| 2016-02-29 | 299.50 | 145.50 | 27.65 | |
| 2015-11-30 | 287.50 | 216.40 | 25.20 | |
| 2015-08-31 | 290.85 | 229.55 | 24.55 | |
| 2015-05-31 | 294.20 | 242.70 | 23.90 | |
| 2015-02-28 | 280.35 | 180.65 | 23.05 | |
| 2014-11-30 | 266.50 | 118.60 | 22.20 | |
| 2014-08-31 | 244.75 | 99.60 | 21.30 | |
| 2014-05-31 | 207.40 | 83.00 | 20.30 | |
| 2014-02-28 | 184.25 | 77.55 | 19.80 | |
| 2013-11-30 | 161.10 | 72.10 | 19.30 | |
| 2013-08-31 | 181.05 | 59.55 | 18.95 | |
| 2013-05-31 | 201.00 | 47.00 | 18.60 | |
| 2013-02-28 | 210.05 | 44.85 | 18.05 | |
| 2012-11-30 | 219.10 | 42.70 | 17.50 | |
| 2012-08-31 | 174.65 | 43.05 | 16.55 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- St. Modwen Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- St. Modwen Properties used its assets less efficiently than the GB Real Estate industry average last year based on Return on Assets.
- St. Modwen Properties has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess St. Modwen Properties's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
St. Modwen Properties has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
SMP Health
How is St. Modwen Properties's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up St. Modwen Properties's finances.
The net worth of a company is the difference between its assets and liabilities.
- St. Modwen Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- St. Modwen Properties's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from St. Modwen Properties Company Filings, last reported 1 month ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-05-31 | 1,063.80 | 353.10 | 32.70 |
| 2019-02-28 | 1,063.80 | 353.10 | 32.70 |
| 2018-11-30 | 1,050.30 | 311.10 | 38.90 |
| 2018-08-31 | 1,050.30 | 311.10 | 38.90 |
| 2018-05-31 | 1,016.70 | 368.00 | 2.00 |
| 2018-02-28 | 1,016.70 | 368.00 | 2.00 |
| 2017-11-30 | 1,006.00 | 439.70 | 0.50 |
| 2017-08-31 | 1,006.00 | 439.70 | 0.50 |
| 2017-05-31 | 979.70 | 572.50 | 8.80 |
| 2017-02-28 | 979.70 | 572.50 | 8.80 |
| 2016-11-30 | 962.10 | 479.40 | 4.20 |
| 2016-08-31 | 962.10 | 479.40 | 4.20 |
| 2016-05-31 | 939.40 | 465.70 | 4.50 |
| 2016-02-29 | 939.40 | 465.70 | 4.50 |
| 2015-11-30 | 921.50 | 459.80 | 4.80 |
| 2015-08-31 | 921.50 | 459.80 | 4.80 |
| 2015-05-31 | 876.70 | 401.10 | 4.00 |
| 2015-02-28 | 876.70 | 401.10 | 4.00 |
| 2014-11-30 | 724.00 | 349.30 | 3.20 |
| 2014-08-31 | 736.50 | 349.30 | 6.50 |
| 2014-05-31 | 663.90 | 375.00 | 7.10 |
| 2014-02-28 | 663.90 | 375.00 | 7.10 |
| 2013-11-30 | 627.00 | 360.90 | 7.40 |
| 2013-08-31 | 627.00 | 360.90 | 7.40 |
| 2013-05-31 | 590.80 | 334.10 | 8.90 |
| 2013-02-28 | 590.80 | 334.10 | 8.90 |
| 2012-11-30 | 513.70 | 394.40 | 8.90 |
| 2012-08-31 | 513.70 | 394.40 | 8.90 |
- St. Modwen Properties's level of debt (33.2%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (56.4% vs 33.2% today).
- Debt is not well covered by operating cash flow (4.1%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.5x coverage).
Financial health checks
We assess St. Modwen Properties's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) St. Modwen Properties has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
SMP Dividends
What is St. Modwen Properties's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
£2,000 of
St. Modwen Properties
shares you are expected to receive
£34
in your first year as a dividend.
Dividend Amount
- St. Modwen Properties's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.94%).
- St. Modwen Properties's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.46%).
Upcoming dividend payment
Purchase St. Modwen Properties before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 1 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Real Estate Industry Average Dividend Yield | Market Cap Weighted Average of 27 Stocks | 3.3% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 706 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 1.9% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-11-30 | 0.13 | 4.00 |
| 2020-11-30 | 0.10 | 5.00 |
| 2019-11-30 | 0.08 | 5.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-26 | 0.071 | 1.701 |
| 2019-02-05 | 0.071 | 1.777 |
| 2018-03-08 | 0.063 | 1.590 |
| 2017-03-29 | 0.060 | 1.619 |
| 2016-08-01 | 0.058 | 1.951 |
| 2016-02-18 | 0.058 | 1.930 |
| 2016-02-02 | 0.058 | 1.685 |
| 2015-04-14 | 0.046 | 1.053 |
| 2014-02-04 | 0.040 | 1.027 |
| 2014-02-03 | 0.040 | 1.044 |
| 2013-07-02 | 3.750 | 112.403 |
| 2013-02-05 | 0.036 | 1.346 |
| 2012-02-07 | 0.033 | 1.785 |
| 2011-02-07 | 0.040 | 2.785 |
| 2011-02-04 | 0.040 | 2.372 |
| 2010-07-05 | 0.020 | 1.202 |
| 2010-06-15 | 0.020 | 1.124 |
| 2010-02-08 | 0.000 | 0.000 |
| 2009-11-30 | 0.000 | 0.000 |
| 2009-07-06 | 0.000 | 0.000 |
| 2009-02-26 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- St. Modwen Properties has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but St. Modwen Properties only paid a dividend in the past 9 years.
Income/ dividend checks
We assess St. Modwen Properties's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can St. Modwen Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) St. Modwen Properties has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
SMP Management
CEO
| COMPENSATION | £2,434,000 |
| AGE | 47 |
| TENURE AS CEO | 2.6 years |
CEO Bio
Mr. Mark Christopher Allan has been Chief Executive Officer and Director at St Modwen Properties since December 1, 2016. Mr. Allan served as Chief Executive at The Unite Group plc since 2006. He moved to Unite in 1999 from KPMG and held a number of financial and commercial roles in the business, including Chief Financial Officer from 2003 to 2006. He is qualified Chartered Accountant and a Member of the Royal Institution of Chartered Surveyors. He is Trustee Director on the non-executive board of Anchor Trust.
CEO Compensation
- Mark's compensation has been consistent with company performance over the past year, both up more than 20%.
- Mark's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the St. Modwen Properties management team in years:
- The tenure for the St. Modwen Properties management team is about average.
Management Team
Mark Allan
CEO & Director
£2M
47
2.6 yrs
Rob Hudson
CFO & Executive Director
£961K
45
3.8 yrs
Andrew Eames
General Counsel & Company Secretary
1.7 yrs
Kathryn Edwards
Interim Head of Corporate Communications
Jane Saint
Group HR Director
2.5 yrs
Dave Smith
Managing Director of St. Modwen Homes
3.7 yrs
Rebecca Cooke
Head of Internal Audit
2.6 yrs
David Binks
Head of Leasing
1.2 yrs
Rob Flavell
Head of Major Projects of Midlands & North
0.8 yrs
Ian Romano
Head of Commercial of Midlands & North
0.8 yrs
Board of Directors Tenure
Average tenure and age of the St. Modwen Properties board of directors in years:
- The average tenure for the St. Modwen Properties board of directors is less than 3 years, this suggests a new board.
Board of Directors
Danuta Gray
Non-executive Chairman
£28K
61
0.3 yrs
Mark Allan
CEO & Director
£2M
47
2.6 yrs
Rob Hudson
CFO & Executive Director
£961K
45
3.8 yrs
Ian Bull
Senior Independent Director
£61K
58
1.3 yrs
Jenefer Greenwood
Independent Non-Executive Director
£52K
61
2.1 yrs
Simon Clarke
Non-Executive Director
£46K
53
14.8 yrs
Jamie Hopkins
Non-Executive Director
£34K
51
1.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by St. Modwen Properties individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. May 19 | Buy | Mark Allan | Individual | 13. May 19 | 13. May 19 | 36,178 | £4.13 | £149,234 | ||
| 11. Apr 19 | Buy | Robert Hudson | Individual | 10. Apr 19 | 10. Apr 19 | 22,270 | £4.04 | £89,996 | ||
Management checks
We assess St. Modwen Properties's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) St. Modwen Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
SMP News
Simply Wall St News
Was St. Modwen Properties PLC's (LON:SMP) Earnings Growth Better Than The Industry's?
Modwen Properties Commentary On SMP's Past Performance SMP's trailing twelve-month earnings (from 31 May 2019) of UK£63m has jumped 17% compared to the previous year. … Modwen Properties has experienced some company-specific growth. … Modwen Properties to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for SMP’s future growth?
Simply Wall St - – Full articleRead This Before Judging St. Modwen Properties PLC's (LON:SMP) ROE
Modwen Properties How Do I Calculate Return On Equity? … Modwen Properties: 5.8% = UK£60m ÷ UK£1.1b (Based on the trailing twelve months to November 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Modwen Properties does have some debt, with debt to equity of just 0.30, we wouldn't say debt is excessive.
Simply Wall St - – Full articleSt. Modwen Properties PLC (LON:SMP) Has Attractive Fundamentals
By this I mean, I look at stocks holistically, from their financial health to their future outlook. … Modwen Properties PLC (LON:SMP), it is a company that has been able to sustain great financial health, trading at an attractive share price. … Also, relative to the rest of GB companies with similar levels of earnings, SMP's share price is trading below the group's average.
Simply Wall St - – Full articleIs St. Modwen Properties PLC's (LON:SMP) High P/E Ratio A Problem For Investors?
Modwen Properties PLC's (LON:SMP) P/E ratio to inform your assessment of the investment opportunity. … Modwen Properties's P/E ratio is 15.74. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for St.
Simply Wall St - – Full articleHow Much Are St. Modwen Properties PLC (LON:SMP) Insiders Spending On Buying Shares?
Modwen Properties Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when CEO & Director Mark Allan bought UK£149k worth of shares at a price of UK£4.13 per share. … Modwen Properties insiders bought shares last year, they didn't sell. … Modwen Properties Have Bought Stock Recently Over the last three months, we've seen significant insider buying at St.
Simply Wall St - – Full articleDo Investors Have Good Reason To Be Wary Of St. Modwen Properties PLC's (LON:SMP) 1.7% Dividend Yield?
Modwen Properties PLC (LON:SMP) be an attractive dividend share to own for the long haul? … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … Modwen Properties's dividend prospects, even though it has been paying dividends for the last nine years and offers a 1.7% yield.
Simply Wall St - – Full articleUpdate: St. Modwen Properties (LON:SMP) Stock Gained 38% In The Last Three Years
Modwen Properties PLC (LON:SMP) shareholders have seen the share price rise 38% over three years, well in excess of the market return (16%, not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the three years of share price growth, St.
Simply Wall St - – Full articleHow St. Modwen Properties PLC's (LON:SMP) Earnings Growth Stacks Up Against The Industry
Modwen Properties PLC (LON:SMP) released its most recent earnings update (30 November 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Modwen Properties performed requires a benchmark rather than trying to assess a standalone number at one point in time. … SMP's trailing twelve-month earnings (from 30 November 2018) of UK£60m has
Simply Wall St - – Full articleWhat Are Analysts Saying About St. Modwen Properties PLC's (LON:SMP) Earnings Trend?
The most recent earnings update St. … Modwen Properties PLC's (LON:SMP) released in November 2018a
Simply Wall St - – Full articleA Holistic Look At St. Modwen Properties PLC (LON:SMP)
Modwen Properties PLC (LON:SMP) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Modwen Properties here
Simply Wall St - – Full articleSMP Company Info
Description
St. Modwen Properties PLC invests in, develops, operates, and manages residential and commercial properties in the United Kingdom. It develops land for residential, employment, leisure, retail, and education purposes, as well as uses green infrastructure and community facilities; and industrial and logistics projects. The company also builds houses; rents properties; and provides asset management and financing services. It owns a land bank of 6,000 developable acres. The company was founded in 1986 and is headquartered in Birmingham, the United Kingdom.
Details
| Name: | St. Modwen Properties PLC |
| SMP | |
| Exchange: | LSE |
| Founded: | 1986 |
| £921,756,226 | |
| 222,109,934 | |
| Website: | http://www.stmodwen.co.uk |
| Address: |
St. Modwen Properties PLC Park Point, 17 High Street, Birmingham, West Midlands, B31 2UQ, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | SMP | Ordinary Shares | London Stock Exchange | GB | GBP | 02. Jan 1992 | |
| OTCPK | STMW.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1992 | |
| BATS-CHIXE | SMPL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 02. Jan 1992 |
Number of employees
Current staff
Industry
| Real Estate Development | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 20:35 |
| End of day share price update: | 2019/07/18 00:00 |
| Last estimates confirmation: | 2019/07/15 |
| Last earnings filing: | 2019/07/02 |
| Last earnings reported: | 2019/05/31 |
| Last annual earnings reported: | 2018/11/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
