Hammerson Plc

JSE:HMN Stock Report

Market Cap: R31.7b

Hammerson Valuation

Is HMN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HMN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HMN (ZAR6.35) is trading above our estimate of fair value (ZAR3.35)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HMN?

Other financial metrics that can be useful for relative valuation.

HMN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.6x
Enterprise Value/EBITDA17.4x
PEG Ration/a

Price to Sales Ratio vs Peers

How does HMN's PS Ratio compare to its peers?

The above table shows the PS ratio for HMN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.5x
VKE Vukile Property Fund
4x-14.3%R15.3b
HYP Hyprop Investments
2.4x-6.0%R10.7b
CVW Castleview Property Fund
5.2xn/aR8.4b
RES Resilient REIT
2.4x-12.2%R14.3b
HMN Hammerson
5.6x-8.1%R1.3b

Price-To-Sales vs Peers: HMN is expensive based on its Price-To-Sales Ratio (5.6x) compared to the peer average (3.5x).

Price to Earnings Ratio vs Industry

How does HMN's PE Ratio compare vs other companies in the Global Retail REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.7%
 n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.7%
 n/an/an/a
No more companies

Price-To-Sales vs Industry: HMN is good value based on its Price-To-Sales Ratio (5.6x) compared to the Global Retail REITs industry average (5.8x).

Price to Sales Ratio vs Fair Ratio

What is HMN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HMN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.6x
Fair PS Ratio5x

Price-To-Sales vs Fair Ratio: HMN is expensive based on its Price-To-Sales Ratio (5.6x) compared to the estimated Fair Price-To-Sales Ratio (5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HMN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR6.35
R6.27
-1.2%
27.6%R8.73R3.30n/a14
Apr ’25R7.01
R6.32
-9.9%
27.6%R8.80R3.33n/a14
Mar ’25R6.15
R6.32
+2.8%
29.4%R8.96R3.15n/a14
Feb ’25R6.29
R6.28
-0.2%
27.8%R8.65R3.13n/a15
Jan ’25R6.80
R5.87
-13.7%
30.1%R8.55R3.09n/a15
Dec ’24R6.50
R5.80
-10.7%
31.6%R8.53R2.84n/a15
Nov ’24R5.07
R5.67
+11.8%
31.0%R8.31R2.77n/a18
Oct ’24R5.75
R5.88
+2.3%
30.9%R8.64R3.12n/a18
Sep ’24R5.66
R5.59
-1.2%
29.9%R8.41R2.80n/a18
Aug ’24R6.11
R5.48
-10.3%
29.4%R8.26R2.75n/a18
Jul ’24R5.99
R5.85
-2.3%
26.0%R8.58R3.58n/a18
Jun ’24R6.15
R5.96
-3.1%
25.7%R9.38R3.61n/a19
May ’24R6.49
R5.74
-11.6%
26.8%R8.97R3.45n/a19
Apr ’24R5.72
R5.35
-6.5%
29.9%R8.78R3.38R7.0119
Mar ’24R6.44
R5.20
-19.3%
29.8%R8.49R3.27R6.1519
Feb ’24R5.65
R4.89
-13.5%
26.1%R8.27R3.18R6.2919
Jan ’24R4.95
R4.75
-4.1%
26.3%R8.11R3.12R6.8019
Dec ’23R5.15
R4.65
-9.7%
27.5%R8.12R3.12R6.5019
Nov ’23R4.13
R4.31
+4.4%
31.5%R7.83R3.01R5.0717
Oct ’23R3.66
R4.68
+27.9%
35.3%R7.88R3.03R5.7517
Sep ’23R4.20
R5.34
+27.2%
33.5%R8.71R3.04R5.6617
Aug ’23R4.98
R5.25
+5.4%
35.6%R8.63R2.61R6.1117
Jul ’23R3.81
R6.10
+60.0%
20.1%R8.43R3.14R5.9917
Jun ’23R5.23
R6.17
+17.9%
19.2%R8.48R3.15R6.1517
May ’23R6.10
R6.33
+3.7%
17.8%R8.57R3.79R6.4916
Apr ’23R6.22
R6.10
-1.9%
17.1%R7.68R3.65R5.7215

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy PolicyLogos provided by Clearbit
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.