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St. Modwen Properties

OTCPK:STMW.F
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
STMW.F
OTCPK
£911M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

St. Modwen Properties PLC invests in, develops, operates, and manages residential and commercial properties in the United Kingdom. The last earnings update was 63 days ago. More info.


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STMW.F Share Price and Events
7 Day Returns
0%
OTCPK:STMW.F
1.6%
US Real Estate
1.2%
US Market
1 Year Returns
-
OTCPK:STMW.F
-7.1%
US Real Estate
8.5%
US Market
STMW.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
St. Modwen Properties (STMW.F) 0% 0% 0% - - -
US Real Estate 1.6% 4.6% 9.4% -7.1% 26.2% 12.2%
US Market 1.2% 3.8% 10% 8.5% 41.1% 47.2%
1 Year Return vs Industry and Market
  • No trading data on STMW.F.
  • No trading data on STMW.F.
Price Volatility
STMW.F
Industry
5yr Volatility vs Market

STMW.F Value

 Is St. Modwen Properties undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for St. Modwen Properties.

OTCPK:STMW.F Discounted Cash Flow Data Sources
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 11.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:STMW.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.22
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.222 (1 + (1- 19%) (34.46%))
1.378
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.378 * 6.65%)
11.89%

Discounted Cash Flow Calculation for OTCPK:STMW.F 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.

OTCPK:STMW.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 11.89%)
2019 70.84 Analyst x1 63.31
2020 55.39 Analyst x2 44.24
2021 107.12 Analyst x1 76.47
2022 151.55 Est @ 41.48% 96.69
2023 196.79 Est @ 29.85% 112.21
2024 239.52 Est @ 21.72% 122.06
2025 277.89 Est @ 16.02% 126.56
2026 311.33 Est @ 12.03% 126.72
2027 340.10 Est @ 9.24% 123.72
2028 364.89 Est @ 7.29% 118.63
Present value of next 10 years cash flows £1,010.62
OTCPK:STMW.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £364.89 × (1 + 2.73%) ÷ (11.89% – 2.73%)
£4,091.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £4,091.84 ÷ (1 + 11.89%)10
£1,330.36
OTCPK:STMW.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,010.62 + £1,330.36
£2,340.98
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2,340.98 / 222.03
£10.54
OTCPK:STMW.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:STMW.F represents 1.30329x of LSE:SMP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.30329x
Value per Share
(Listing Adjusted, USD)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 10.54 x 1.30329
$13.74
Value per share (USD) From above. $13.74
Current discount Discount to share price of $5.35
= -1 x ($5.35 - $13.74) / $13.74
61.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price St. Modwen Properties is available for.
Intrinsic value
>50%
Share price is $5.35 vs Future cash flow value of $13.74
Current Discount Checks
For St. Modwen Properties to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
OTCPK:STMW.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in GBP £0.27
LSE:SMP Share Price ** LSE (2019-01-30) in GBP £4.11
United States of America Real Estate Industry PE Ratio Median Figure of 28 Publicly-Listed Real Estate Companies 17.13x
United States of America Market PE Ratio Median Figure of 3,075 Publicly-Listed Companies 18.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of St. Modwen Properties.

OTCPK:STMW.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:SMP Share Price ÷ EPS (both in GBP)

= 4.11 ÷ 0.27

15.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • St. Modwen Properties is good value based on earnings compared to the US Real Estate industry average.
  • St. Modwen Properties is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does St. Modwen Properties's expected growth come at a high price?
Raw Data
OTCPK:STMW.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
14.8%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 1.84x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.61x

*Line of best fit is calculated by linear regression .

OTCPK:STMW.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.14x ÷ 14.8%

1.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • St. Modwen Properties is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on St. Modwen Properties's assets?
Raw Data
OTCPK:STMW.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in GBP £4.70
LSE:SMP Share Price * LSE (2019-01-30) in GBP £4.11
United States of America Real Estate Industry PB Ratio Median Figure of 54 Publicly-Listed Real Estate Companies 1.57x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
OTCPK:STMW.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:SMP Share Price ÷ Book Value per Share (both in GBP)

= 4.11 ÷ 4.70

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 US Real Estate industry average.
X
Value checks
We assess St. Modwen Properties's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. 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.

STMW.F Future Performance

 How is St. Modwen Properties expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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!
Annual Growth Rate
14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is St. Modwen Properties expected to grow at an attractive rate?
  • St. Modwen Properties's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • St. Modwen Properties's earnings growth is expected to exceed the United States of America market average.
  • St. Modwen Properties's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:STMW.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:STMW.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 14.8%
OTCPK:STMW.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -83.6%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
Raw Data
OTCPK:STMW.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:STMW.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-11-30 46 63 100 1
2020-11-30 39 50 89 1
2019-11-30 36 43 84 1
OTCPK:STMW.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-11-30 435 -19 60
2018-08-31 407 19 57
2018-05-31 378 56 54
2018-02-28 348 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
2016-05-31 312 -11 75
2016-02-29 300 -27 146

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • St. Modwen Properties's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
  • St. Modwen Properties's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:STMW.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months 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 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:STMW.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-11-30 0.45 0.45 0.45 1.00
2020-11-30 0.40 0.40 0.40 1.00
2019-11-30 0.38 0.38 0.38 1.00
OTCPK:STMW.F Past Financials Data
Date (Data in GBP Millions) EPS *
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
2016-05-31 0.34
2016-02-29 0.66

*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%).
X
Future performance checks
We assess St. Modwen Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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.

STMW.F 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
Below we compare St. Modwen Properties's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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 (1% vs -18.1%)
  • St. Modwen Properties's earnings growth has exceeded the US Real Estate industry average in the past year (1% vs -13.8%).
Earnings and Revenue History
St. Modwen Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from St. Modwen Properties Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:STMW.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 435.20 60.20 43.20
2018-08-31 407.40 56.90 40.80
2018-05-31 377.60 53.60 38.40
2018-02-28 348.10 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
2012-05-31 130.20 43.40 15.60

*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 US Real Estate industry average last year based on Return on Assets.
  • St. Modwen Properties has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess St. Modwen Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.

STMW.F 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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of St. Modwen Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x 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.
Raw Data

All data from St. Modwen Properties Company Filings, last reported 5 months ago.

OTCPK:STMW.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 1,050.30 314.10 38.90
2018-08-31 1,050.30 314.10 38.90
2018-05-31 1,016.70 373.20 2.00
2018-02-28 1,016.70 373.20 2.00
2017-11-30 1,006.00 496.70 0.50
2017-08-31 1,006.00 496.70 0.50
2017-05-31 979.70 628.70 8.80
2017-02-28 979.70 628.70 8.80
2016-11-30 962.10 536.20 4.20
2016-08-31 962.10 536.20 4.20
2016-05-31 939.40 522.50 4.50
2016-02-29 939.40 522.50 4.50
2015-11-30 921.50 514.90 4.80
2015-08-31 921.50 514.90 4.80
2015-05-31 876.70 401.10 4.00
2015-02-28 876.70 401.10 4.00
2014-11-30 724.00 371.90 3.20
2014-08-31 736.50 353.20 6.50
2014-05-31 663.90 375.00 7.10
2014-02-28 663.90 375.00 7.10
2013-11-30 627.00 364.80 7.40
2013-08-31 627.00 364.80 7.40
2013-05-31 590.80 334.10 8.90
2013-02-28 590.80 334.10 8.90
2012-11-30 513.70 398.30 8.90
2012-08-31 513.70 398.30 8.90
2012-05-31 500.10 381.80 11.80
  • St. Modwen Properties's level of debt (29.9%) 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 (58.2% vs 29.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess St. Modwen Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. St. Modwen Properties has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

STMW.F 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
Dividend payments
1.73%
Current annual income from St. Modwen Properties dividends. Estimated to be 2.46% next year.
If you bought $2,000 of St. Modwen Properties shares you are expected to receive $35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • St. Modwen Properties's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • St. Modwen Properties's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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.
Raw Data
OTCPK:STMW.F Annualized Past and Future Dividends
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 States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:STMW.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-11-30 0.13 4.00
2020-11-30 0.10 4.00
2019-11-30 0.08 4.00
OTCPK:STMW.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-02-26 0.071 1.750
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

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.
Current Payout to shareholders
What portion of St. Modwen Properties's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (2x coverage).
X
Income/ dividend checks
We assess St. Modwen Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. St. Modwen Properties has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

STMW.F Management

 What is the CEO of St. Modwen Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Allan
COMPENSATION £2,434,000
AGE 46
TENURE AS CEO 2.3 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.
  • Mark's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the St. Modwen Properties management team in years:

2.3
Average Tenure
  • The tenure for the St. Modwen Properties management team is about average.
Management Team

Mark Allan

TITLE
CEO & Director
COMPENSATION
£2M
AGE
46
TENURE
2.3 yrs

Rob Hudson

TITLE
CFO & Executive Director
COMPENSATION
£961K
AGE
44
TENURE
3.6 yrs

Andrew Eames

TITLE
General Counsel & Company Secretary
TENURE
1.4 yrs

Kathryn Edwards

TITLE
Interim Head of Corporate Communications

Jane Saint

TITLE
Group HR Director
TENURE
2.3 yrs

Dave Smith

TITLE
Managing Director of St. Modwen Homes
TENURE
3.4 yrs

Rebecca Cooke

TITLE
Head of Internal Audit
TENURE
2.3 yrs

David Binks

TITLE
Head of Leasing
TENURE
0.9 yrs

Rob Flavell

TITLE
Head of Major Projects of Midlands & North
TENURE
0.6 yrs

Ian Romano

TITLE
Head of Commercial of Midlands & North
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the St. Modwen Properties board of directors in years:

1.8
Average Tenure
52
Average Age
  • 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

TITLE
Non-executive Chairman
COMPENSATION
£28K
AGE
60
TENURE
0.1 yrs

Mark Allan

TITLE
CEO & Director
COMPENSATION
£2M
AGE
46
TENURE
2.3 yrs

Rob Hudson

TITLE
CFO & Executive Director
COMPENSATION
£961K
AGE
44
TENURE
3.6 yrs

Ian Bull

TITLE
Senior Independent Director
COMPENSATION
£61K
AGE
57
TENURE
1.1 yrs

Jenefer Greenwood

TITLE
Independent Non-Executive Director
COMPENSATION
£52K
AGE
60
TENURE
1.8 yrs

Simon Clarke

TITLE
Non-Executive Director
COMPENSATION
£46K
AGE
52
TENURE
14.5 yrs

Jamie Hopkins

TITLE
Non-Executive Director
COMPENSATION
£34K
AGE
50
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by St. Modwen Properties insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Apr 19 Buy Robert Hudson Individual 10. Apr 19 10. Apr 19 22,270 $5.29 $117,761
X
Management checks
We assess St. Modwen Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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.

STMW.F News

Simply Wall St News

STMW.F 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
STMW.F
Exchange: OTCPK
Founded: 1986
£1,177,979,729
222,031,244
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
Staff numbers
599
St. Modwen Properties employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/30 01:11
End of day share price update: 2019/01/30 00:00
Last estimates confirmation: 2019/04/23
Last earnings filing: 2019/02/26
Last earnings reported: 2018/11/30
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.