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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 0.5x - 0.6x | 0.6x |
Historical Pb Multiple | 0.5x - 0.8x | 0.6x |
Fair Value | £4.15 - £4.59 | £4.37 |
Upside | -0.9% - 9.6% | 4.4% |
Benchmarks | - | Full Ticker |
Helical plc | - | LSE:HLCL |
Great Portland Estates Plc | - | LSE:GPE |
Derwent London Plc | - | LSE:DLN |
Regional REIT Limited | - | LSE:RGL |
Big Yellow Group Plc | - | LSE:BYG |
Workspace Group Plc | - | LSE:WKP |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
HLCL | GPE | DLN | RGL | BYG | WKP | |||
LSE:HLCL | LSE:GPE | LSE:DLN | LSE:RGL | LSE:BYG | LSE:WKP | |||
Historical Net Income Growth | ||||||||
5Y CAGR | -6.3% | 17.5% | -16.4% | NM- | 16.9% | -40.4% | ||
3Y CAGR | -32.0% | -11.5% | -22.8% | NM- | -33.8% | -64.8% | ||
Latest Twelve Months | 114.7% | 137.7% | 166.0% | 41.4% | -15.8% | 102.8% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -64.9% | -90.6% | -30.4% | -32.8% | 165.1% | -40.7% | ||
Prior Fiscal Year | -501.6% | -292.6% | -177.8% | -73.4% | 120.1% | -104.4% | ||
Latest Fiscal Year | 83.9% | 114.3% | 41.5% | -43.5% | 98.7% | 2.9% | ||
Latest Twelve Months | 83.9% | 114.3% | 85.1% | -43.5% | 98.7% | 2.9% | ||
Return on Equity | ||||||||
5 Year Average Margin | -5.3% | -4.7% | -2.2% | -8.4% | 15.4% | -3.9% | ||
Prior Fiscal Year | -37.6% | -17.6% | -12.6% | -19.0% | 10.4% | -11.5% | ||
Latest Twelve Months | 6.8% | 6.5% | 6.8% | -12.0% | 8.1% | 0.4% | ||
Next Fiscal Year | 1.6% | 1.6% | 3.1% | 6.3% | 4.5% | 4.1% | ||
Two Fiscal Years Forward | 1.8% | 2.2% | 3.2% | 6.7% | 4.7% | 4.2% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 8.2x | 12.5x | 6.9x | 2.2x | 8.8x | 4.3x | ||
Price / LTM EPS | 9.8x | 10.9x | 8.1x | -5.1x | 8.9x | 147.0x | ||
Price / Book | 0.6x | 0.6x | 0.5x | 0.6x | 0.7x | 0.5x | ||
Price / Fwd Book | 0.6x | 0.6x | 0.5x | 0.6x | 0.7x | 0.5x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 0.5x | 0.6x | 0.7x | |||||
Historical P/B Ratio | 0.5x | 0.6x | 0.8x | |||||
Selected P/B Multiple | 0.5x | 0.6x | 0.6x | |||||
(x) Book Value | 1,502 | 1,502 | 1,502 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | HLCL | GPE | DLN | RGL | BYG | WKP | |
Value of Common Equity | 273 | 1,287 | 1,954 | 202 | 1,814 | 805 | |
(/) Shares Outstanding | 123.3 | 403.3 | 112.3 | 162.1 | 195.9 | 192.3 | |
Implied Stock Price | 2.21 | 3.19 | 17.40 | 1.25 | 9.26 | 4.19 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 2.21 | 3.19 | 17.40 | 1.25 | 9.26 | 4.19 | |
Trading Currency | GBP | GBP | GBP | GBP | GBP | GBP | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |