LSE:SMP

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Executive Summary

St. Modwen Properties PLC invests in, develops, operates, and manages residential and commercial properties in the United Kingdom. More Details


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


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

4.3%

SMP

0.1%

GB Real Estate

1.1%

GB Market


1 Year Return

-27.7%

SMP

-17.6%

GB Real Estate

-15.4%

GB Market

Return vs Industry: SMP underperformed the UK Real Estate industry which returned -17.6% over the past year.

Return vs Market: SMP underperformed the UK Market which returned -15.4% over the past year.


Shareholder returns

SMPIndustryMarket
7 Day4.3%0.1%1.1%
30 Day-3.4%-3.5%-2.2%
90 Day-6.7%1.0%-3.0%
1 Year-27.5%-27.7%-16.5%-17.6%-12.2%-15.4%
3 Year-12.0%-15.6%-21.9%-27.6%-8.6%-19.5%
5 Year-20.1%-26.2%3.4%-10.9%16.0%-9.7%

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

Valuation

Is St. Modwen Properties undervalued compared to its fair value and its price relative to the market?

0.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SMP (£3.13) is trading above our estimate of fair value (£2.68)

Significantly Below Fair Value: SMP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SMP is unprofitable, so we can't compare its PE Ratio to the GB Real Estate industry average.

PE vs Market: SMP 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 SMP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SMP's PB Ratio (0.7x) is in line with the GB Real Estate industry average.


Next Steps

Future Growth

How is St. Modwen Properties forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

118.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: SMP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SMP's is expected to become profitable in the next 3 years.

Revenue vs Market: SMP's revenue is expected to decline over the next 3 years (-28.8% per year).

High Growth Revenue: SMP's revenue is forecast to decline over the next 3 years (-28.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SMP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has St. Modwen Properties performed over the past 5 years?

-46.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMP is currently unprofitable.

Growing Profit Margin: SMP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SMP is unprofitable, and losses have increased over the past 5 years at a rate of 46.2% per year.

Accelerating Growth: Unable to compare SMP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SMP is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-11.9%).


Return on Equity

High ROE: SMP has a negative Return on Equity (-11.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is St. Modwen Properties's financial position?


Financial Position Analysis

Short Term Liabilities: SMP's short term assets (£690.9M) exceed its short term liabilities (£140.5M).

Long Term Liabilities: SMP's short term assets (£690.9M) exceed its long term liabilities (£578.2M).


Debt to Equity History and Analysis

Debt Level: SMP's debt to equity ratio (58.3%) is considered high.

Reducing Debt: SMP's debt to equity ratio has increased from 40.9% to 58.3% over the past 5 years.

Debt Coverage: SMP's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SMP is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is St. Modwen Properties's current dividend yield, its reliability and sustainability?

0.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SMP's dividend (0.7%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: SMP's dividend (0.7%) is low compared to the top 25% of dividend payers in the UK market (5.28%).


Stability and Growth of Payments

Stable Dividend: SMP is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.

Growing Dividend: SMP is not paying a notable dividend for the UK market, therefore no need to check if payments are 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?

2.6yrs

Average management tenure


CEO

Rob Hudson (46 yo)

0.42

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 ($USD1.46M) is about average for companies of similar size in the UK market ($USD1.25M).

Compensation vs Earnings: Rob's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Robert Hudson
Interim CEO0.42yrUK£1.13m0.095%
£ 658.1k
Andrew Eames
General Counsel & Company Secretary2.83yrsno datano data
Kathryn Edwards
Interim Head of Corporate Communicationsno datano datano data
Remco Simon
Managing Director of Strategy & Corporate Developmentno datano datano data
Jane Saint
Group HR Director3.67yrsno datano data
Dave Smith
Managing Director of St. Modwen Homes4.83yrsno datano data
Rebecca Cooke
Head of Internal Audit3.75yrsno datano data
David Binks
Head of Leasing2.33yrsno datano data
Rob Flavell
Head of Major Projects of Midlands & North2yrsno datano data
Ian Romano
Head of Commercial of Midlands & North2yrsno datano data
Tom Gough
Head of External Communications & Stakeholder Relationsno datano datano data
Simon Redfern
Group Financial Controller & Treasurerno datano datano data

2.6yrs

Average Tenure

Experienced Management: SMP's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Hudson
Interim CEO0.42yrUK£1.13m0.095%
£ 658.1k
Danuta Gray
Independent Non-Executive Chairman1.5yrsUK£170.00k0.0085%
£ 59.1k
Sarah Whitney
Independent Non-Executive Director1yrUK£10.00k0.0092%
£ 63.9k
Simon Clarke
Non-Independent Non-Executive Director15.92yrsUK£47.00k1.22%
£ 8.5m
Jenefer Greenwood
Independent Non-Executive Director3.25yrsUK£56.00k0.0047%
£ 32.4k
Ian Bull
Senior Independent Director2.5yrsUK£65.00k0.016%
£ 109.6k
Jameson Hopkins
Independent Non-Executive Director2.5yrsUK£47.00k0.0056%
£ 39.3k

2.5yrs

Average Tenure

57yo

Average Age

Experienced Board: SMP's board of directors are not considered experienced ( 2.5 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: SMP 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£695.706m
  • Shares outstanding: 222.27m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMPLSE (London Stock Exchange)YesOrdinary SharesGBGBPJan 1992
SMPLBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJan 1992
STMW.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 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 Strategi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 21:33
End of Day Share Price2020/09/30 00:00
Earnings2020/05/31
Annual Earnings2019/11/30


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.