olivLaw · European equity research
Hammerson PLC HMSO.L
United Kingdom · London Stock Exchange · Vertical: Listed companies from United Kingdom
At the close of 05 Nov 2026, Hammerson PLC (HMSO.L) stock was 3.59 GBP (−0.83% on the day), with market capitalisation 1.8 bn GBP, P/E 7.8 on diluted EPS of 0.46 GBP over the last 12 months, dividend yield 4.46%, beta 0.76, 52-week range 2.89–3.86 GBP.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 59.9
- strong (55–70)
- Bollinger (20, 2)
- 3.26 – 3.69
- in the upper half of the band · %B 0.78 · band width 12.3%
- SMA 50 / 200
- 3.47 / 3.47
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.05 / 0.03
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | +7.4% | −0.6% | +8.1 pp | — |
| 3 months | −4.4% | −4.2% | −0.2 pp | — |
| 6 months | +7.7% | +4.3% | +3.4 pp | — |
| Year to date | +8.8% | +7.5% | +1.3 pp | — |
| 1 year | +16.9% | +9.9% | +6.9 pp | +5.8% |
| 3 years | +49.7% | +49.8% | −0.2 pp | +26.3% |
| 5 years | +5.6% | +42.8% | −37.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 1-quarter history (min 7.2, median 7.2, max 7.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 134.3 m | 121.1 m | 211.4 m |
| Revenue YoY | unavailable | −9.8% | +74.6% |
| Net income | -51.4 m | -526.3 m | 232.1 m |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | -0.10 | -1.06 | 0.46 |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | -38.3% | -434.6% | 109.8% |
| Free cash flow | unavailable | unavailable | unavailable |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 328.5 m GBP
- Financial debt
- 1.6 bn GBP
- Net debt
- 1.2 bn GBP
- Equity
- 2.1 bn GBP
- Total assets
- 3.9 bn GBP
- Debt / equity
- 0.75x
- Current ratio
- 1.63x
- ROE
- 11.9%
- ROA
- 6.3%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 134.3 m | 121.1 m | 211.4 m | esef· 07 Apr 2026verified |
| Operating income | 26.2 m | 23.2 m | 83.6 m | esef· 07 Apr 2026verified |
| Interest expense | 71.3 m | 95.4 m | 63.1 m | esef· 07 Apr 2026verified |
| Pre-tax income | -65.5 m | -42.3 m | 233.1 m | esef· 07 Apr 2026verified |
| Income tax | 700.0 k | 2.5 m | 600.0 k | esef· 07 Apr 2026verified |
| Net income | -51.4 m | -526.3 m | 232.1 m | esef· 07 Apr 2026verified |
| Diluted EPS | -0.10 | -1.06 | 0.46 | esef· 07 Apr 2026verified |
| Dividend per share | 0.07 | 0.17 | 0.16 | esef· 07 Apr 2026verified |
Balance sheet · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 472.3 m | 737.9 m | 328.5 m | esef· 07 Apr 2026verified |
| Receivables | 74.1 m | 87.6 m | 90.8 m | esef· 07 Apr 2026verified |
| Current assets | 553.8 m | 827.7 m | 441.7 m | esef· 07 Apr 2026verified |
| Property, plant & equipment, net | 900.0 k | 400.0 k | 400.0 k | esef· 07 Apr 2026verified |
| Total assets | 4.3 bn | 3.5 bn | 3.9 bn | esef· 07 Apr 2026verified |
| Accounts payable | 129.8 m | 109.3 m | 164.6 m | esef· 07 Apr 2026verified |
| Short-term debt | 108.6 m | 337.8 m | 104.3 m | esef· 07 Apr 2026verified |
| Long-term debt | 1.5 bn | 1.1 bn | 1.5 bn | esef· 07 Apr 2026verified |
| Current liabilities | 241.1 m | 450.1 m | 271.3 m | esef· 07 Apr 2026verified |
| Total liabilities | 1.9 bn | 1.7 bn | 1.8 bn | esef· 07 Apr 2026verified |
| Equity | 2.5 bn | 1.8 bn | 2.1 bn | esef· 07 Apr 2026verified |
| Shares outstanding at year end | 499.0 m | 496.5 m | 504.6 m | esef· 07 Apr 2026derived |
Cash flow · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 38.3 m | 4.5 m | 96.9 m | esef· 07 Apr 2026verified |
| Investing cash flow | 261.3 m | 475.0 m | -537.0 m | esef· 07 Apr 2026verified |
| Financing cash flow | -45.0 m | -211.8 m | 28.0 m | esef· 07 Apr 2026verified |
| Dividends paid | 29.9 m | 82.6 m | 75.0 m | esef· 07 Apr 2026verified |
| Share repurchases | 0 | 3.4 m | 5.2 m | esef· 07 Apr 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 1.8 bn GBP
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 2.8% | 17 (vs peers) | 24% |
| Net margin · Quality | 109.8% | 100 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 1.3x | 0 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 1.6x | 69 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | 7.8x | 89 (vs peers) | 24% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 4.4% | 63 (on a fixed band) | 14% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet28/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality48/100 · 2/3 factors with a value
- Returns· partial63/100 · 1/2 factors with a value
- Valuation· partial89/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
HAMMERSON PLC (HMSO.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 211.4 m GBP in 2025; YoY growth 74.6%; net margin 109.8%; ROE 11.9%.
The estimated value range is 3.37–4.96 GBP per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 4.17 GBP, the price of 3.59 GBP leaves a potential of 16.1% (value / price − 1) and a margin of safety of 13.9% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 109.8%
- P/E (TTM): 7.8x
What contradicts it
- ROIC: 2.8%
- Interest coverage: 1.3x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, FCF yield, Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| HMSO.LHammerson PLC | 1.8 bn | 7.8 | 11.9% | 109.8% | +74.6% | +10% / +33% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
1- and 3-year price returns: for HMSO.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (GBP)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 2.36 Total return -30% · Per year -30% | 4.15 Total return 21% · Per year 21% | 6.22 Total return 79% · Per year 79% |
| 3 years | 2.80 Total return -9% · Per year -3% | 5.49 Total return 71% · Per year 19% | 8.96 Total return 172% · Per year 40% |
| 5 years | 3.32 Total return 16% · Per year 3% | 7.26 Total return 137% · Per year 19% | 12.90 Total return 305% · Per year 32% |
- Exit P/E± 1.37
- Net margin± 0.96
- Annual revenue growth± 0.72
- Annual dilution± 0.08
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202507 Apr 2026
- Annual report 202408 Jan 2026
- Annual report 202407 Apr 2026
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.