Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Hammerson

BATS-CHIXE:HMSOL
Snowflake Description

Established dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HMSOL
BATS-CHIXE
£413M
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

We create vibrant, continually evolving spaces, in and around thriving cities, where people and brands want to be. The last earnings update was 18 days ago. More info.


Add to Portfolio Compare Print
  • Hammerson has significant price volatility in the past 3 months.
HMSOL Share Price and Events
7 Day Returns
-37.1%
BATS-CHIXE:HMSOL
-4.2%
GB REITs
-2.2%
GB Market
1 Year Returns
-84.3%
BATS-CHIXE:HMSOL
-24.4%
GB REITs
-25.9%
GB Market
HMSOL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hammerson (HMSOL) -37.1% -71.3% -82.6% -84.3% -90.8% -92.3%
GB REITs -4.2% -26.5% -32.1% -24.4% -23.4% -30%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • HMSOL underperformed the REITs industry which returned -24.4% over the past year.
  • HMSOL underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
HMSOL
Industry
5yr Volatility vs Market

HMSOL Value

 Is Hammerson 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 Hammerson 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 Hammerson.

BATS-CHIXE:HMSOL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:HMSOL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.452 (1 + (1- 19%) (636.69%))
0.64
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for BATS-CHIXE:HMSOL using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

BATS-CHIXE:HMSOL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:HMSOL represents 0.99369x of LSE:HMSO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99369x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 3.07 x 0.99369
£3.05
Value per share (GBP) From above. £3.05
Current discount Discount to share price of £0.54
= -1 x (£0.54 - £3.05) / £3.05
82.4%

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

Current Discount
Amount off the current price Hammerson is available for.
Intrinsic value
>50%
Share price is £0.54 vs Future cash flow value of £3.05
Current Discount Checks
For Hammerson to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hammerson's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hammerson'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 Hammerson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hammerson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:HMSOL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in GBP £-0.75
LSE:HMSO Share Price ** LSE (2020-04-03) in GBP £0.54
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.58x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

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

** Primary Listing of Hammerson.

BATS-CHIXE:HMSOL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 0.54 ÷ -0.75

-0.72x

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

  • Hammerson is loss making, we can't compare its value to the GB REITs industry average.
  • Hammerson is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Hammerson's expected growth come at a high price?
Raw Data
BATS-CHIXE:HMSOL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
74.2%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.67x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Hammerson, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hammerson's assets?
Raw Data
BATS-CHIXE:HMSOL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in GBP £5.72
LSE:HMSO Share Price * LSE (2020-04-03) in GBP £0.54
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.73x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
BATS-CHIXE:HMSOL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.54 ÷ 5.72

0.09x

* Primary Listing of Hammerson.

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

  • Hammerson is good value based on assets compared to the GB REITs industry average.
X
Value checks
We assess Hammerson'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 REITs 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 REITs industry average (and greater than 0)? (1 check)
  5. Hammerson has a total score of 3/6, 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.

HMSOL Future Performance

 How is Hammerson expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

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
74.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hammerson expected to grow at an attractive rate?
  • Hammerson's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Hammerson's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Hammerson'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
Raw Data
BATS-CHIXE:HMSOL Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:HMSOL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 74.2%
BATS-CHIXE:HMSOL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts -8.2%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 24.1%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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
BATS-CHIXE:HMSOL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:HMSOL Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 263 132 2
2023-12-31 260 128 2
2022-12-31 246 168 53 4
2021-12-31 294 168 -171 8
2020-12-31 296 179 -960 8
2020-04-04
BATS-CHIXE:HMSOL Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-12-31 371 167 -576
2019-06-30 450 105 -644
2019-03-31 455 110 -456
2018-12-31 390 115 -175
2018-09-30 463 93 -56
2018-06-30 466 118 157
2018-03-31 473 129 273
2017-12-31 480 139 388
2017-09-30 483 155 415
2017-06-30 486 170 442
2017-03-31 473 175 380

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hammerson's earnings are expected to grow significantly at over 20% yearly.
  • Hammerson'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
BATS-CHIXE:HMSOL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Hammerson Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:HMSOL Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.18 0.18 0.18 1.00
2021-12-31 -0.04 0.27 -0.71 7.00
2020-12-31 -0.67 0.27 -1.85 7.00
2020-04-04
BATS-CHIXE:HMSOL Past Financials Data
Date (Data in GBP Millions) EPS *
2019-12-31 -0.75
2019-06-30 -0.83
2019-03-31 -0.58
2018-12-31 -0.22
2018-09-30 -0.07
2018-06-30 0.20
2018-03-31 0.34
2017-12-31 0.49
2017-09-30 0.52
2017-06-30 0.56
2017-03-31 0.48

*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.
  • Hammerson is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hammerson'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 Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. 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)
  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.
Hammerson has a total score of 3/6, 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.

HMSOL Past Performance

  How has Hammerson 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 Hammerson's growth in the last year to its industry (REITs).
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.
  • Hammerson does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Hammerson's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hammerson's 1-year growth to the GB REITs industry average as it is not currently profitable.
Earnings and Revenue History
Hammerson'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 Hammerson Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:HMSOL Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 371.20 -575.70 71.00
2019-06-30 450.40 -643.60 71.10
2019-03-31 455.05 -455.85 70.35
2018-12-31 390.20 -174.70 68.30
2018-09-30 462.60 -55.55 70.20
2018-06-30 465.50 157.00 70.80
2018-03-31 472.50 272.70 72.50
2017-12-31 479.50 388.40 74.20
2017-09-30 482.75 415.15 70.60
2017-06-30 486.00 441.90 67.00
2017-03-31 473.20 379.60 60.65
2016-12-31 460.40 317.30 54.30
2016-09-30 438.50 440.25 51.80
2016-06-30 416.60 563.20 49.30
2016-03-31 405.90 645.00 48.70
2015-12-31 395.20 726.80 48.10
2015-09-30 393.20 695.25 48.15
2015-06-30 391.20 663.70 48.20
2015-03-31 376.05 681.40 48.55
2014-12-31 360.90 699.10 48.90
2014-09-30 355.45 652.50 47.25
2014-06-30 350.00 605.90 45.60
2014-03-31 353.45 468.95 47.10
2013-12-31 356.90 332.00 48.60
2013-09-30 360.10 248.50 42.55
2013-06-30 363.30 165.00 36.50

*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.
  • It is difficult to establish if Hammerson has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Hammerson has efficiently used its assets last year compared to the GB REITs industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hammerson improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Hammerson'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 REITs 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.
Hammerson has a total score of 0/6, 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.

HMSOL Health

 How is Hammerson'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 Hammerson's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hammerson is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hammerson's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hammerson'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 not covered by short term assets, assets are 0.2x 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 Hammerson Company Filings, last reported 3 months ago.

BATS-CHIXE:HMSOL Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,377.20 2,579.70 28.90
2019-06-30 4,993.90 3,206.80 67.40
2019-03-31 4,993.90 3,206.80 67.40
2018-12-31 5,432.90 3,124.70 31.20
2018-09-30 5,432.90 3,124.70 31.20
2018-06-30 5,956.00 3,369.40 30.30
2018-03-31 5,956.00 3,369.40 30.30
2017-12-31 6,037.50 3,453.00 205.90
2017-09-30 6,037.50 3,453.00 205.90
2017-06-30 6,085.80 3,789.90 52.10
2017-03-31 6,085.80 3,789.90 52.10
2016-12-31 5,857.00 3,496.30 74.10
2016-09-30 5,857.00 3,496.30 74.10
2016-06-30 5,761.30 3,526.20 173.50
2016-03-31 5,761.30 3,526.20 173.50
2015-12-31 5,586.30 3,028.10 36.90
2015-09-30 5,586.30 3,028.10 36.90
2015-06-30 5,258.20 2,255.70 23.60
2015-03-31 5,258.20 2,255.70 23.60
2014-12-31 5,045.10 2,287.10 28.50
2014-09-30 5,045.10 2,287.10 28.50
2014-06-30 4,397.60 2,376.30 27.50
2014-03-31 4,397.60 2,376.30 27.50
2013-12-31 4,136.60 2,264.00 15.70
2013-09-30 4,136.60 2,264.00 15.70
2013-06-30 3,968.60 2,279.80 62.00
  • Hammerson's level of debt (58.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45.3% vs 58.9% today).
  • Debt is not well covered by operating cash flow (6.5%, less than 20% of total debt).
  • Hammerson is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Hammerson'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. Hammerson has a total score of 1/6, 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.

HMSOL Dividends

 What is Hammerson'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
48.03%
Current annual income from Hammerson dividends. Estimated to be 25.7% next year.
If you bought £2,000 of Hammerson shares you are expected to receive £961 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?
  • Hammerson's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.66%).
  • Hammerson's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.42%).
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
BATS-CHIXE:HMSOL 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 11 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:HMSOL Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.14 2.00
2023-12-31 0.14 2.00
2022-12-31 0.11 10.00
2021-12-31 0.15 17.00
2020-12-31 0.14 17.00
2020-04-04
BATS-CHIXE:HMSOL Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-17 0.259 30.872
2020-02-25 0.259 14.656
2019-02-25 0.259 9.259
2018-07-24 0.259 6.280
2018-02-26 0.255 4.869
2017-07-26 0.246 4.674
2017-02-20 0.240 4.108
2016-09-02 0.229 4.086
2016-03-07 0.223 3.963
2016-02-15 0.223 4.025
2015-03-16 0.204 3.245
2015-02-16 0.204 3.047
2014-07-24 0.196 3.207
2014-03-14 0.191 3.307
2014-02-17 0.191 3.341
2013-07-29 0.183 3.583
2013-03-01 0.177 3.451
2012-03-19 0.166 3.650
2012-02-24 0.166 4.079
2011-03-14 0.160 3.861
2011-02-21 0.160 3.484
2010-03-15 0.155 3.951
2010-02-22 0.155 3.946

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hammerson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Hammerson's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Hammerson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hammerson has a total score of 5/6, see the detailed checks below.


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

HMSOL Management

 What is the CEO of Hammerson'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
David Atkins
COMPENSATION £1,465,000
AGE 53
TENURE AS CEO 10.5 years
CEO Bio

Mr. David John Atkins, BSc, MRICS, has been Chief Executive Officer of Hammerson PLC since October 1, 2009 and served as its Managing Director of UK Retail since January 1, 2007. Mr. Atkins served as the President of Revo (formerly-British Council of Shopping Centres). He served as Head of Retail - UK of Hammerson plc since 2005 and took responsibility for all of the Group's UK retail properties. He joined Hammerson in 1998 to focus on strategic planning and corporate acquisitions. He served as Chairman of the European Public Real Estate Association (EPRA). He served as Director of Retail Parks, following Hammerson's acquisition of Grantchester Holdings. since 2002. Mr. Atkins began his career with DTZ where he worked on major retail and office investment acquisitions and disposals for clients including the BP Pension Fund, Glaxo Smithkline and a number of private overseas investors. He has been an Independent Non-Executive Director of Whitbread PLC since January 01, 2017. Mr. Atkins has been an Executive Director of Hammerson plc since January 1, 2007 and its Director of UK since 2005. He serves as a Member of Advisory Board at Revo (formerly-British Council of Shopping Centres). He was a member of the British Property Federation. He holds graduating from Reading University.

CEO Compensation
  • David's compensation has increased whilst company is loss making.
  • David'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 and age of the Hammerson management team in years:

2.3
Average Tenure
53
Average Age
  • The tenure for the Hammerson management team is about average.
Management Team

David Atkins

TITLE
CEO & Director
COMPENSATION
£1M
AGE
53
TENURE
10.5 yrs

James Lenton

TITLE
CFO & Director
COMPENSATION
£538K
AGE
44
TENURE
0.5 yrs

Howard Ebison

TITLE
UK & Ireland Operations Director
TENURE
0.6 yrs

Simon Travis

TITLE
Group Investment Director & MD of Premium Outlets

Alice Darwall

TITLE
General Counsel & Company Secretary
TENURE
0.1 yrs

Stephen Brown

TITLE
Group Marketing & Communications Director
TENURE
2.3 yrs

Mark Duhig

TITLE
Human Resources Director
TENURE
5.6 yrs

Jean-Philippe Mouton

TITLE
Managing Director of France
COMPENSATION
£745K
AGE
57
TENURE
11.3 yrs

Louise Ellison

TITLE
Group Head of Sustainability
TENURE
6.6 yrs

Simon Betty

TITLE
Managing Director of City Quarters & Developments Concept
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Hammerson board of directors in years:

2.8
Average Tenure
57
Average Age
  • The average tenure for the Hammerson board of directors is less than 3 years, this suggests a new board.
Board of Directors

David Tyler

TITLE
Independent Chairman of the Board
COMPENSATION
£346K
AGE
66
TENURE
6.9 yrs

David Atkins

TITLE
CEO & Director
COMPENSATION
£1M
AGE
53
TENURE
13.3 yrs

James Lenton

TITLE
CFO & Director
COMPENSATION
£538K
AGE
44
TENURE
0.6 yrs

Gwyn Burr

TITLE
Senior Independent Director
COMPENSATION
£91K
AGE
56
TENURE
1.3 yrs

Pierre Bruno Bouchut

TITLE
Non-Executive Director
COMPENSATION
£89K
AGE
64
TENURE
5.2 yrs

Andrew Formica

TITLE
Non-Executive Director
COMPENSATION
£67K
AGE
48
TENURE
4.4 yrs

Judy Gibbons

TITLE
Non-Executive Director
COMPENSATION
£73K
AGE
62
TENURE
8.9 yrs

Carol Welch

TITLE
Non-Executive Director
COMPENSATION
£55K
AGE
49
TENURE
1.1 yrs

Adam Metz

TITLE
Non-Executive Director
COMPENSATION
£94K
AGE
58
TENURE
0.8 yrs

Méka Brunel

TITLE
Non-Executive Director
COMPENSATION
£7K
AGE
63
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hammerson individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
10. Mar 20 Buy David Tyler Individual 09. Mar 20 09. Mar 20 50,000 £1.71 £85,430
09. Mar 20 Buy Adam Metz Individual 06. Mar 20 06. Mar 20 25,000 £1.83 £45,750
05. Mar 20 Buy Adam Metz Individual 04. Mar 20 04. Mar 20 20,000 £1.99 £39,800
14. May 19 Buy David Atkins Individual 14. May 19 14. May 19 17,000 £2.95 £50,167
X
Management checks
We assess Hammerson'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. Hammerson 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.

HMSOL News

Simply Wall St News

HMSOL Company Info

Description

We create vibrant, continually evolving spaces, in and around thriving cities, where people and brands want to be. We seek to deliver value for all our stakeholders and to create a positive and sustainable impact for generations to come.

Details
Name: Hammerson plc
HMSOL
Exchange: BATS-CHIXE
Founded: 2008
£412,570,959
765,153,856
Website: http://www.hammerson.com
Address: Hammerson plc
Kings Place,
90 York Way,
London,
East Lothian, N1 9GE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE HMSO Ordinary Shares London Stock Exchange GB GBP 02. Jan 1992
OTCPK HMSN.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB H2V Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
JSE HMN Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 02. Jan 1992
BATS-CHIXE HMSOL Ordinary Shares BATS 'Chi-X Europe' GB GBP 02. Jan 1992
Number of employees
Current staff
Staff numbers
553
Hammerson employees.
Industry
Retail REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 21:16
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/17
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.