SEGRO PLC ORD GBP0.10
Symbol: SGRO
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Company
Business Summary
SEGRO plc is a real estate investment trust. The Company is an owner, asset manager and developer of warehousing and industrial property. The Company's segments include Greater London, Thames Valley, National Logistics, Northern Europe, Southern Europe, and Central Europe. It owns or manages 9.9 million square meters of space (106 million square feet), serving customers from a range of industry sectors. Its properties are located in and around major cities and at transportation hubs in the United Kingdom and in seven other European countries. Its portfolio includes warehouses and light industrial buildings, including data centers and for logistics operations. These are concentrated in the United Kingdom, France, Germany, and Italy. The remainder of the portfolio is located in other European countries, including Poland, Spain, the Netherlands, and the Czech Republic. Its properties are used by various sectors, including transport and logistics and retail (physical and online).
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, SEGRO plc revenues increased 12% to £749M. Net loss decreased 87% to £253M. Revenues reflect Greater London segment increase of 9% to £221M, United Kingdom (Country) segment increase of 11% to £407M. Lower net loss reflects Net Operating Income (NOI) Group increase of 12% to £462M, Valuation surplus on investment property decrease of 67% to £647M (expense).
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 749.00 | 669.00 | 546.00 | 431.70 | 432.50 | 369.00 |
Gross profit | 588.00 | 455.00 | 406.00 | 327.40 | 308.60 | 292.50 |
Operating Profit/Loss | -181.00 | -1,694.00 | 4,477.00 | 1,490.10 | 930.80 | 1,167.00 |
Profit Before Tax | -263.00 | -1,967.00 | 4,355.00 | 1,464.10 | 902.00 | 1,099.10 |
Profit After Tax | -253.00 | -1,930.00 | 4,067.00 | 1,429.10 | 860.60 | 1,066.10 |
Equity Holders of Parent Company | -253.00 | -1,927.00 | 4,060.00 | 1,426.90 | 857.90 | 1,062.60 |
Minority Interest | NIL | 3.00 | -7.00 | 9.70 | -2.70 | -3.50 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 16,699.00 | 16,920.00 | 17,432.00 | 12,240.80 | 9,774.70 | 8,910.00 |
Total Current Assets | 607.00 | 428.00 | 351.00 | 425.70 | 308.00 | 258.60 |
Total Assets | 17,306.00 | 17,348.00 | 17,783.00 | 12,666.50 | 10,082.70 | 9,168.60 |
Total Liabilities | 6,402.00 | 5,975.00 | 4,347.00 | 2,995.40 | 2,405.10 | 2,604.60 |
Total Net Assets | 10,904.00 | 11,373.00 | 13,436.00 | 9,671.10 | 7,677.60 | 6,564.00 |
Shareholders Funds | 10,904.00 | 11,373.00 | 13,436.00 | 9,659.20 | 7,677.60 | 6,564.00 |
Minority Interests | NIL | 3.00 | -7.00 | 9.70 | -2.70 | -3.50 |
Total Equity | 10,904.00 | 11,373.00 | 13,436.00 | 9,671.10 | 7,677.60 | 6,564.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy7 |
Buy7 |
Neutral6 |
Sell0 |
Strong Sell1 |
---|---|---|---|---|---|
Brokers | 7 | 7 | 6 | 0 | 1 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £692.66mn | £760.20mn | £839.71mn |
Pre-tax-Profit | £601.08mn | £696.54mn | £699.11mn |
EPS | £0.35p | £0.37p | £0.39p |
EPS Growth | 5.86% | 7.38% | 5.98% |
P/E | 24.31 | 22.65 | 21.34 |
PEG Ratio | 4.15 | 3.07 | 3.57 |
Dividend | 29.74p | 31.80p | 33.49p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
18th Apr 2024 | Jefferies | Reiteration | 840p | 0p | 1042p | Buy |
11th Apr 2024 | Shore Capital | Reiteration | 862p | 0p | 0p | Buy |
10th Apr 2024 | JP Morgan Cazenove | Reiteration | 861p | 0p | 0p | Overweight |
3rd Apr 2024 | Barclays | Upgrade | 879p | 0p | 0p | Overweight |
21st Mar 2024 | HSBC | Upgrade | 889p | 0p | 964p | Buy |
28th Feb 2024 | Shore Capital | Reiteration | 845p | 0p | 0p | Buy |
22nd Feb 2024 | Berenberg Bank | Reiteration | 871p | 863p | 940p | Hold |
16th Feb 2024 | Shore Capital | Reiteration | 849p | 0p | 0p | Buy |
8th Feb 2024 | Berenberg Bank | Reiteration | 847p | 0p | 863p | Hold |
18th Aug 2023 | Shore Capital | Reiteration | 703p | 0p | 0p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
25 Apr 2024 | 17:25 | 842.199 | 1,650 | Sell |
25 Apr 2024 | 17:18 | 839.287 | 4,434 | Sell |
25 Apr 2024 | 17:18 | 843.4 | 9,054 | Buy |
25 Apr 2024 | 17:16 | 840.637 | 2,221 | Sell |
25 Apr 2024 | 17:13 | 845.211 | 558 | Buy |
25 Apr 2024 | 17:11 | 850.205 | 3,932 | Buy |
25 Apr 2024 | 17:07 | 841.389 | 211 | Sell |
25 Apr 2024 | 17:05 | 851.937 | 111 | Buy |
25 Apr 2024 | 17:04 | 852.465 | 989 | Buy |
25 Apr 2024 | 17:04 | 842.368 | 6,300 | Sell |
25 Apr 2024 | 17:03 | 850.49 | 1,703 | Buy |
25 Apr 2024 | 17:03 | 843.394 | 1,175 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.