St. Modwen Properties
Market Cap
UK£814.2m
Last Updated
2020/07/14 20:58 UTC
Data Sources
Company Financials +
Executive Summary
St. Modwen Properties PLC invests in, develops, operates, and manages residential and commercial properties in the United Kingdom.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has St. Modwen Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SMP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.7%
SMP
-2.0%
GB Real Estate
-0.7%
GB Market
1 Year Return
-12.4%
SMP
-14.7%
GB Real Estate
-15.7%
GB Market
Return vs Industry: SMP matched the UK Real Estate industry which returned -12.9% over the past year.
Return vs Market: SMP exceeded the UK Market which returned -14.9% over the past year.
Shareholder returns
| SMP | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | -2.0% | -0.7% |
| 30 Day | 9.6% | -0.6% | 0.6% |
| 90 Day | 0.5% | 11.5% | 11.3% |
| 1 Year | -11.6%-12.4% | -13.1%-14.7% | -11.7%-15.7% |
| 3 Year | 10.3%5.5% | -12.8%-20.1% | -4.3%-16.1% |
| 5 Year | -16.2%-22.6% | -0.5%-14.9% | 13.5%-11.9% |
Price Volatility Vs. Market
How volatile is St. Modwen Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall St
We Wouldn't Rely On St. Modwen Properties's (LON:SMP) Statutory Earnings As A Guide4 weeks ago | Simply Wall St
Estimating The Intrinsic Value Of St. Modwen Properties PLC (LON:SMP)1 month ago | Simply Wall St
Have Insiders Been Selling St. Modwen Properties PLC (LON:SMP) Shares This Year?Valuation
Is St. Modwen Properties undervalued compared to its fair value and its price relative to the market?
16.05x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SMP (£3.67) is trading above our estimate of fair value (£3.62)
Significantly Below Fair Value: SMP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SMP is poor value based on its PE Ratio (16.1x) compared to the GB Real Estate industry average (13.1x).
PE vs Market: SMP is poor value based on its PE Ratio (16.1x) compared to the UK market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: SMP is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: SMP is good value based on its PB Ratio (0.8x) compared to the GB Real Estate industry average (0.9x).
Next Steps
Future Growth
How is St. Modwen Properties forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
18.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMP's forecast earnings growth (18.3% per year) is above the savings rate (1.2%).
Earnings vs Market: SMP's earnings (18.3% per year) are forecast to grow slower than the UK market (21.6% per year).
High Growth Earnings: SMP's earnings are forecast to grow, but not significantly.
Revenue vs Market: SMP's revenue is expected to decline over the next 3 years (-81.2% per year).
High Growth Revenue: SMP's revenue is forecast to decline over the next 3 years (-81.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SMP's Return on Equity is forecast to be low in 3 years time (4.2%).
Next Steps
Past Performance
How has St. Modwen Properties performed over the past 5 years?
-32.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMP has a large one-off gain of £42.3M impacting its November 30 2019 financial results.
Growing Profit Margin: SMP's current net profit margins (11.8%) are lower than last year (13.8%).
Past Earnings Growth Analysis
Earnings Trend: SMP's earnings have declined by -32% per year over the past 5 years.
Accelerating Growth: SMP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SMP had negative earnings growth (-15.8%) over the past year, making it difficult to compare to the Real Estate industry average (-5.2%).
Return on Equity
High ROE: SMP's Return on Equity (4.6%) is considered low.
Next Steps
Financial Health
How is St. Modwen Properties's financial position?
Financial Position Analysis
Short Term Liabilities: SMP's short term assets (£569.0M) exceed its short term liabilities (£166.3M).
Long Term Liabilities: SMP's short term assets (£569.0M) exceed its long term liabilities (£404.6M).
Debt to Equity History and Analysis
Debt Level: SMP's debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: SMP's debt to equity ratio has reduced from 48.2% to 32.8% over the past 5 years.
Debt Coverage: SMP's debt is well covered by operating cash flow (20.9%).
Interest Coverage: SMP's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Next Steps
Dividend
What is St. Modwen Properties's current dividend yield, its reliability and sustainability?
2.85%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SMP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SMP'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 SMP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SMP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SMP is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SMP'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
Rob Hudson (46yo)
0.25
Tenure
UK£1,128,000
Compensation
Mr. Robert J. Hudson, also known as Rob, has been an Interim Chief Executive Officer at St. Modwen Properties Plc since April 2020 and serves as Chief Financial Officer. He served Chief Finance and Operati ...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD1.41M) is about average for companies of similar size in the UK market ($USD1.21M).
Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO | 0.25yr | UK£1.13m | 0.068% £553.5k | |
| General Counsel & Company Secretary | 2.67yrs | no data | no data | |
| Interim Head of Corporate Communications | no data | no data | no data | |
| Group HR Director | 3.5yrs | no data | no data | |
| Managing Director of St. Modwen Homes | 4.67yrs | no data | no data | |
| Head of Internal Audit | 3.58yrs | no data | no data | |
| Head of Leasing | 2.17yrs | no data | no data | |
| Head of Major Projects of Midlands & North | 1.83yrs | no data | no data | |
| Head of Commercial of Midlands & North | 1.83yrs | no data | no data | |
| Head of External Communications & Stakeholder Relations | no data | no data | no data | |
| Group Financial Controller & Treasurer | 4.17yrs | no data | no data | |
| PA to the Finance Director & Company Secretary | no data | no data | no data |
2.7yrs
Average Tenure
Experienced Management: SMP's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Interim CEO | 0.25yr | UK£1.13m | 0.068% £553.5k | |
| Independent Non-Executive Chairman | 1.33yrs | UK£170.00k | 0.0047% £38.5k | |
| Independent Non-Executive Director | 0.83yr | UK£10.00k | 0.0040% £33.0k | |
| Non-Independent Non-Executive Director | 15.75yrs | UK£47.00k | 1.22% £9.9m | |
| Independent Non-Executive Director | 3.08yrs | UK£56.00k | 0.0047% £37.9k | |
| Senior Independent Director | 2.33yrs | UK£65.00k | 0.016% £128.2k | |
| Independent Non-Executive Director | 2.33yrs | UK£47.00k | 0.0057% £46.1k |
2.3yrs
Average Tenure
57yo
Average Age
Experienced Board: SMP's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
St. Modwen Properties PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: St. Modwen Properties PLC
- Ticker: SMP
- Exchange: LSE
- Founded: 1986
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: UK£814.240m
- Shares outstanding: 222.17m
- Website: https://www.stmodwen.co.uk
Number of Employees
Location
- St. Modwen Properties PLC
- Park Point
- 17 High Street
- Birmingham
- West Midlands
- B31 2UQ
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SMP | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| SMPL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jan 1992 |
| STMW.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
Biography
St. Modwen Properties PLC invests in, develops, operates, and manages residential and commercial properties in the United Kingdom. It operates through Industrial & Logistics; St. Modwen Homes; and Strategic Land & Regeneration segments. The company is also involved in industrial and logistics; housebuilding; and strategic land and regeneration project activities. St. Modwen Properties PLC was founded in 1986 and is headquartered in Birmingham, the United Kingdom.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/14 20:58 |
| End of Day Share Price | 2020/07/14 00:00 |
| Earnings | 2019/11/30 |
| Annual Earnings | 2019/11/30 |
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.