Shaftesbury Capital SHC.L
United KingdomReal Estate · REIT - RetailLondon Stock Exchange · GBP
1.72 GBP (+26.6%)
11 analysts
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Shaftesbury Capital is a British REIT that owns and manages a portfolio of shops, restaurants, and leisure venues in London's busiest West End districts, such as Covent Garden and Carnaby.
Listed on London Stock Exchange · Symbol SHC.L · LON: SHC · Currency GBP
Key points
from its scores- ✕Little or no dividend2.8
- ✕Poor share-price trend4.0
- ✕Little competitive advantage4.3
AI analysis
bottom line, main risk, context and newsThe discount to assets (P/B 0.61) and earnings growth are attractive, but high leverage and sensitivity to interest rates limit upside potential in the short term.
Shaftesbury Capital has a highly leveraged balance sheet (Net Debt/EBITDA of 6.06) and a low return on invested capital (ROIC 2.78), although its earnings growth is strong (27.7%) and it trades at a discount to assets (P/B 0.61). The rise in long-term interest rates is a headwind for the valuation of its assets and the cost of its debt.
High leverage (Net Debt/EBITDA of 6.06) in a rising interest rate environment, which makes debt refinancing more expensive and pressures the valuation of its real estate assets.
Context and risks
Shaftesbury Capital is a retail REIT with high leverage (Net Debt/EBITDA of 6.06). The rise in long-term interest rates in the UK and tighter financial conditions pressure its debt costs and asset valuations, a material risk for a long-duration real estate business.
Is Shaftesbury Capital stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 64% below the Real Estate median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 6.5 | 21.6 | −70% |
| EV / EBITDA | 28.5 | 18.5 | +54% |
| Price / book | 0.6 | 1.4 | −58% |
| Price / sales | 10.2 | 6.3 | +62% |
Sector: median of the 100 Real Estate companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.5 out of 10 (median for Real Estate: 4.9).
Average analyst target: 1.72 GBP, +26.6% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.5 (sector 5.5), Growth 6.5 (sector 5.7).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Real Estate medianValuation
- P/E
- 6.5
- Forward P/E
- 25.4
- EV / EBITDA
- 28.5
- Price / book
- 0.6
- Price / sales
- 10.2
- PEG
- 0.92
- Market cap
- 2.5B GBP
- Enterprise value
- 4.0B GBP
Profitability
- ROE
- 9.7%
- ROA
- 1.5%
- ROIC (approx.)
- 2.8%
- Gross margin
- 74.0%
- Operating margin
- 57.9%
- Net margin
- 156.7%
- Free cash flow
- 26.4M GBP
- FCF yield
- 1.1%
- Cash conversion
- 19%
Solvency
- Total debt
- 965.6M GBP
- Net debt
- 846.3M GBP
- Cash
- 119.3M GBP
- EBITDA
- 139.6M GBP
- Net debt / EBITDA
- 6.06
- Debt / equity
- 20.31
- Current ratio
- 0.73
- Quick ratio
- 0.66
Growth
- Revenue growth
- +4.3%
- Earnings growth
- +27.7%
- EPS (TTM)
- 0.21 GBP
- EPS (forward)
- 0.05 GBP
Dividend
- Dividend yield
- 2.9%
- Payout
- 19.2%
Risk and market
- Beta
- 0.96
- Analyst consensus
- Buy (11)
- Target price
- 1.72 GBP
Recent news
All SHC.L news →Compare it with its sector
All 100 in Real Estate →Frequently asked questions about Shaftesbury Capital
Is Shaftesbury Capital stock cheap or expensive?
On P/E and Price / book, it trades 64% below the Real Estate median on average. Valuation score: 4.5 out of 10 (median for Real Estate: 4.9). Average analyst target: 1.72 GBP, +26.6% versus the price. This is not investment advice.
What score does Shaftesbury Capital get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,825 of 2,130 (better than 14% of the companies analysed). Its strongest category is Growth (6.5) and its weakest, Dividend (2.8). Analysis of 08/10/2026.
What is Shaftesbury Capital's P/E ratio?
Its P/E is 6.5: the share price equals 6.5 times earnings per share over the last 12 months. The Real Estate median is 21.6. Based on the earnings analysts expect, the forward P/E is 25.4.
How much is Shaftesbury Capital worth on the stock market?
Its market capitalisation is 2.5B GBP.
Does Shaftesbury Capital pay a dividend?
Yes: its dividend yield is 2.94% and it pays out 19% of its earnings.
How has Shaftesbury Capital stock performed over the last year?
It has fallen 1.4% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 1.55 GBP. Past performance does not guarantee future results.
What do analysts think of Shaftesbury Capital?
11 analysts cover it; their average recommendation is “Buy” and their average target is 1.72 GBP (+26.6% versus the price). It is an estimate, not market data.