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Hammerson Plc (HMSO) Fair Value & Analysis

Real Estate · GB · Market cap £1.8B

HP Hammerson Plc HMSO · LSE
Price£3.71
Fair Value£2.60
Upside-29.9%
Quality95/100
Evidence: High Range £1.95 – £2.60

Fair value as of: Jun 26, 2026

From 25 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from £3.40 to £2.60 (−23.5%) since Jun 24, 2026. Share price +7.3% over the past month.

Price vs Fair Value (12 months)

£3.75 £2.57 Fair Value £2.60 Jul 2025 Jun 2026

12‑month range £2.57 – £3.75 · fair‑value band £1.95 – £2.60 · the £3.71 price screens above the £2.60 fair value. As of Jun 26, 2026.

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Analysis

Hammerson Plc (HMSO) currently trades at £3.71, while our model-based Fair Value estimate is £2.60 — implying the stock looks roughly 29.9% overvalued today. We read business quality at 95/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Hammerson Plc generated revenue of £264M at a net margin of 87.8%. Revenue grew 26.5% year over year. It earns a return on equity of 11.9%. Net debt stands at £1.3B. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) £264M
Revenue growth (YoY) +26.5%
Net margin 87.8%
Return on equity 11.9%
Free cash flow £69.7M FY2025
P/E ratio 7.4
More key figures
Operating margin 40.7%
EPS (TTM) £0.4600
Dividend yield 4.9%
Net debt £1.3B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Hammerson Plc is the largest UK-listed, pure-play owner and manager of prime retail and leisure anchored city destinations across the UK, France and Ireland. We own, manage and invest in landmark city destinations integrating retail, leisure and community hubs to meet evolving customer and occupier needs while delivering sustainable long-term growth for our stakeholders. Our 10 city locations rank in the top 20 of all retail venues across our geographies and in the top 1% where retail spend is concentrated. Our catchment reach of 40 million people attracts 170 million visitors per annum, generating 3 billion Pounds of sales for our brand partners. Hammerson Plc was incorporated in 1942 in United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hammerson Plc reported revenue of £212M in FY2025 versus £128M in FY2021, a compound +13.5%/yr. Reported net income was £232M in FY2025.

Revenue +13.5%/yr
FY21 £128M
FY22 £131M
FY23 £128M
FY24 £117M
FY25 £212M
Net income
FY21 −£429M
FY22 −£164M
FY23 −£51.4M
FY24 −£526M
FY25 £232M

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Similar stocks

6 more REIT - Retail stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Simon Property Group SPG $216.74 $127.96 -41%
Realty Income Corporation O 1,055 MXN 582.86 MXN -45%
Unibail-Rodamco-Westfield SE UNBLF $117.90 $115.55 -2%
Kimco Realty Corporation KIM $25.19 $20.39 -19%
Scentre Group STGPF $2.65 $2.31 -13%
CapitaLand Integrated Commercial Trust (CICT or the Trust) CPAMF $1.86 $1.07 -42%

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Frequently asked questions

Is Hammerson Plc (HMSO) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £2.60 versus a price of £3.71 — about −30% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HMSO?
Our 21-model fair value for Hammerson Plc is £2.60 (as of Jun 26, 2026), built from audited fundamentals. The current price is £3.71.
What is the quality score of HMSO?
Hammerson Plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Hammerson Plc (HMSO)?
Hammerson Plc reported trailing-twelve-month revenue of about £264M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of HMSO?
The net profit margin of Hammerson Plc is about 87.8%, meaning it keeps roughly 87.8% of revenue as net income. Based on the latest reported figures.
Does Hammerson Plc pay a dividend?
Hammerson Plc currently shows a dividend yield of about 4.86% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.