Hammerson (HMSO)

Sector:

Property Investment Trusts

Index:

FTSE 250

28.30p
   
  • Change Today:
    -0.20p
  • 52 Week High: 29.78
  • 52 Week Low: 20.90
  • Currency: UK Pounds
  • Shares Issued: 4,989.26m
  • Volume: 3,652,078
  • Market Cap: £1,411.96m
  • RiskGrade: 385

Dividend Data

  31-Dec-2331-Dec-2231-Dec-2131-Dec-2031-Dec-19
Interim Dividend0.72p0.20p0.20p0.20p11.10p
Final Dividend0.78pn/a0.20p0.20pn/a
Total Dividend1.50p0.20p0.40p0.40p11.10p
For more dividend details, click here

Fundamentals - based on IFRS

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Income Statement 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 134.30 131.40 137.20 145.80 246.20
Operating Profit/(Loss) (30.60) (52.40) (142.90) (635.60) 924.20
Net Interest (36.10) (63.00) (97.90) (72.20) (81.00)
Profit Before Tax (50.70) (164.00) (408.00) (1,736.30) (779.30)
Profit After Tax (51.40) (164.20) (409.30) (1,736.80) (781.20)
Discontinued Operations          
Profit After Tax n/a n/a (19.80) 1.90 n/a
PROFIT FOR THE PERIOD (51.40) (164.20) (429.10) (1,734.90) (781.20)
Attributable to:          
Equity Holders of Parent Company (51.40) (164.20) (429.10) (1,734.80) (781.20)
Minority Interests n/a n/a n/a (0.10) n/a
           
Continuing EPS          
Earnings per Share - Basic (1.00p) (3.30p) (8.30p) (62.50p) (46.60p)
Earnings per Share - Diluted (1.00p) (3.30p) (8.30p) (62.50p) (46.60p)
Earnings per Share - Adjusted 2.30p 2.10p 1.30p 1.30p 12.80p
Continuing and Discontinued EPS          
Earnings per Share - Basic (1.00p) (3.30p) (8.70p) (62.40p) (46.60p)
Earnings per Share - Diluted (1.00p) (3.30p) (8.70p) (62.40p) (46.60p)
Earnings per Share - Adjusted 2.30p 2.10p 1.30p 1.30p 12.80p
           
Dividend per Share 1.50p 0.20p 0.40p 0.40p 11.10p
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Balance Sheet 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Assets          
Non-Current Assets          
Property, Plant & Equipment 4.80 10.90 5.20 9.00 13.30
Intangible Assets n/a n/a n/a n/a n/a
Investment Properties 1,396.20 1,461.00 1,561.40 2,152.80 2,098.70
Investments 2,317.00 2,649.30 2,708.30 3,121.70 4,521.60
Other Financial Assets n/a 7.00 18.60 6.60 31.60
Other Non-Current Assets 56.00 58.60 73.80 63.40 37.70
  3,774.00 4,186.80 4,367.30 5,353.50 6,702.90
Current Assets          
Inventories n/a n/a n/a n/a n/a
Trade & Other Receivables 74.10 85.90 84.80 105.90 96.30
Cash at Bank & in Hand 472.30 218.80 315.10 409.50 28.20
Current Asset Investments n/a n/a n/a n/a n/a
Other Current Assets 7.40 44.90 146.70 37.40 22.30
  553.80 349.60 546.60 552.80 146.80
           
Other Assets n/a n/a n/a n/a 465.70
Total Assets 4,327.80 4,536.40 4,913.90 5,906.30 7,315.40
           
Liabilities          
Current Liabilities          
Borrowings 108.70 0.20 n/a 115.00 n/a
Other Current Liabilities 132.40 184.90 180.00 208.60 199.10
  241.10 185.10 180.00 323.60 199.10
           
Net Current Assets cn/a cn/a cn/a cn/a cn/a
           
Non-Current Liabilities          
Borrowings 1,553.20 1,684.50 1,871.20 2,185.50 2,541.80
Provisions 0.40 0.40 0.40 0.40 0.40
Other Non-Current Liabilities 70.50 80.00 116.30 187.90 177.20
  1,624.10 1,764.90 1,987.90 2,373.80 2,719.40
           
Other Liabilities n/a n/a n/a n/a 19.70
Total Liabilities 1,865.20 1,950.00 2,167.90 2,697.40 2,938.20
           
Net Assets 2,462.60 2,586.40 2,746.00 3,208.90 4,377.20
           
Capital & Reserves          
Share Capital 250.10 250.10 221.00 202.90 191.60
Share Premium Account 1,563.70 1,563.70 1,593.20 1,611.90 1,266.00
Other Reserves 99.10 126.60 688.20 731.00 486.20
Retained Earnings 549.70 646.00 243.50 663.00 2,433.20
Shareholders Funds 2,462.60 2,586.40 2,745.90 3,208.80 4,377.00
           
Minority Interests/Other Equity n/a n/a 0.10 0.10 0.20
Total Equity 2,462.60 2,586.40 2,746.00 3,208.90 4,377.20
Cash Flow 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Cash Flow From Operating Activities 38.30 69.60 (80.00) (82.40) 167.10
Returns On Investment & Servicing of Finance fn/a fn/a fn/a fn/a fn/a
Taxation Paid fn/a fn/a fn/a fn/a fn/a
Net Cash Flow from Investing Activities 261.30 154.10 (11.40) 253.10 426.60
Acquisitions & Disposals gn/a gn/a gn/a gn/a gn/a
Dividends Paid fn/a fn/a fn/a fn/a fn/a
Management of Liquid Resources cn/a cn/a cn/a cn/a cn/a
Net Cash Flow from Financing Activities (45.00) (322.70) (363.70) 207.50 (593.70)
Net Increase/Decrease In Cash 254.60 (99.00) (455.10) 378.20 n/a
Ratios - based on IFRS 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
PE Ratio - Adjusted 12.3 11.3 25.2 19.1 11.0
PEG - Adjusted 1.2 0.2 n/a n/a n/a
Earnings per Share Growth - Adjusted 10% 62% n/a -90% -58%
Dividend Cover 1.53 10.50 3.25 3.25 1.15
Revenue per Share 2.70p 2.66p 0.028p 5.25p 14.69p
Pre-Tax Profit per Share (1.02p) (3.32p) (0.084p) (62.47p) (46.49p)
Operating Margin (22.78%) (39.88%) (104.15%) (435.94%) 375.39%
Return on Capital Employed n/a n/a n/a n/a n/a
Continuing & Discontinued Operations          
PE Ratio - Adjusted 12.3 11.3 2,499.6 19.1 11.0
PEG - Adjusted 1.2 0.0 n/a n/a n/a
Earnings per Share Growth - Adjusted 10% 15,903% -99% -90% -58%
Dividend Cover 1.53 10.50 0.03 3.25 1.15
           
Dividend Yield 5.3% 0.8% 1.2% 1.6% 7.9%
Dividend per Share Growth 650.00% (50.00%) n/a (96.40%) (57.14%)
Operating Cash Flow per Share 0.77p 1.41p (1.63p) (2.96p) 9.97p
Cash Incr/Decr per Share 5.12p (2.00p) (0.093p) 13.61p n/a
Net Asset Value per Share (exc. Intangibles) 49.53p 52.37p 55.84p 115.46p 261.14p
Net Gearing 48.31% 56.68% 56.67% 58.93% 57.43%

Key

* GAAP

a. Includes discontinued activities

b. Including assets due in more than one year

c. Not disclosed under IFRS

d. Total fixed assets

e. Includes borrowings

f. Included in cash flow from operating activities under IFRS

g. Included in net cash from investing activities under IFRS

h. Pre-tax

i. Capital expenditure

j. Based on operating cash flow before tax

k. Issue of ordinary shares

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Forecast figures based on normalised accounts.

 

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