Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Hammerson plc is a leading British real estate investment trust (REIT) specializing in the ownership, development, and management of prime retail and leisure-anchored city destinations across the UK, France, and Ireland. Founded in 1942, the company focuses on high-profile shopping centers and mixed-use properties that integrate retail, leisure, and community spaces, serving a catchment of 40 million people and attracting 170 million annual visitors. Its portfolio, valued at approximately £2.6-2.7 billion as of late 2024, includes landmark sites such as Brent Cross Shopping Centre and Bull Ring in the UK, Dundrum Town Centre and Ilac Centre in Ireland, and Les 3 Fontaines and O'Parinor in France. Hammerson plc engages in property development, buying and selling real estate, renting, and management services, emphasizing sustainable growth through flagship urban destinations that rank among the top retail venues in their regions.
£3.74
+£0.02 (+0.48%)
EOD Jul 3, 2026
40.66% operating margin is above average. ROIC at 2.39%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 78.5% YoY with margins expanding 17.0pp.
Negative free cash flow of -£468M. The business is consuming cash, not generating it.
8.2x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£208M
▲ +78.5% YoY
Net Income (TTM)
£233M
▲ +144.2% YoY
Op. Margin
40.66%
▲ +17.0pp YoY
ROIC
2.39%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-£468M
▼ -211.9% YoY
Op. Cash Flow (TTM)
£102M
▲ +1606.7% YoY
Net Debt
£1.31B
Cash & Equiv.
£329M
3Y CAGR: +18.3%
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At a P/E of 8.2, A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Hammerson scores 62/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Hammerson scores 62 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 40.7% operating margin and a 2.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Hammerson pays a regular dividend of about £0.15 per share per year (typically in quarterly installments), a yield of roughly 4.0% at the current price. That is a payout ratio of about 32.3% of earnings, so the dividend is amply covered by earnings. Hammerson has grown the dividend at roughly 31.7% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For HMSO.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh HMSO.XLON's valuation and scores 62/100 on quality (solid). It also yields about 4.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.