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Helical
(LSE:HLCL)
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Rating:51Neutral
Price Target:
199.00 p
▼(-0.50% Downside)
Action:Reiterated
Date:07/21/26
The score is held back primarily by weak recent cash-flow conversion and a volatile earnings profile, despite strong solvency from a low-debt balance sheet. Technicals are mildly supportive with price above key moving averages, while valuation remains balanced between a high P/E and an attractive dividend yield.
Positive Factors
Very low leverage
The exceptionally low debt burden provides a substantial capital cushion and financial flexibility. It should reduce refinancing risk, preserve capacity to fund operations, and help the company withstand volatility in property earnings.
Negative Factors
Weak cash conversion
The large gap between reported earnings and cash generation raises concerns about earnings quality and the timing of cash realisation. Persistently weak conversion could restrict reinvestment, dividends, and internally funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
The exceptionally low debt burden provides a substantial capital cushion and financial flexibility. It should reduce refinancing risk, preserve capacity to fund operations, and help the company withstand volatility in property earnings.
Read all positive factors
Helical (HLCL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£228.79M
Dividend Yield6.38%
Average Volume (3M)175.91K
Price to Earnings (P/E)41.2
Beta (1Y)1.08
Revenue Growth4.03%
EPS Growth-79.67%
CountryUK
Employees24
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding115,345,590
10 Day Avg. Volume66,823
30 Day Avg. Volume175,915
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)0.50
Price to Sales (P/S)6.46
P/FCF Ratio858.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.09
Revenue Forecast (FY)£19.57M
Helical Business Overview & Revenue Model
Company Description
Helical plc is a United Kingdom-based company engaged in the acquisition, development, and leasing of real estate assets. Its property portfolio is diverse, featuring both mixed-use developments that combine commercial and residential spaces, as w...
Helical Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
70
Positive
Cash Flow
36
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 33.25M | 31.96M | 39.91M | 49.85M | 51.15M |
| Gross Profit | 17.05M | 13.92M | 22.44M | 34.71M | 33.10M |
| EBITDA | 12.81M | 38.42M | -179.52M | -52.65M | 87.01M |
| Net Income | 5.67M | 27.95M | -189.81M | -64.51M | 88.89M |
Balance Sheet | |||||
| Total Assets | 625.56M | 624.91M | 657.87M | 872.86M | 1.14B |
| Cash, Cash Equivalents and Short-Term Investments | 32.96M | 71.33M | 28.63M | 41.43M | 24.83M |
| Total Debt | 175.27M | 175.54M | 231.91M | 232.95M | 403.56M |
| Total Liabilities | 200.20M | 198.82M | 256.79M | 264.18M | 448.09M |
| Stockholders Equity | 425.36M | 426.09M | 401.07M | 608.67M | 687.04M |
Cash Flow | |||||
| Free Cash Flow | 250.00K | 1.10M | 11.66M | 219.00K | 2.96M |
| Operating Cash Flow | 293.00K | 1.44M | 12.27M | 767.00K | 3.03M |
| Investing Cash Flow | -36.57M | 105.98M | -20.70M | 192.25M | -174.37M |
| Financing Cash Flow | -7.26M | -59.55M | -19.53M | -185.58M | 45.70M |
Helical Technical Analysis
Positive
200.00
Price Trends
197.69
Positive
192.31
Positive
190.63
Positive
Market Momentum
0.14
Positive
50.81
Neutral
22.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HLCL, the sentiment is Positive. The current price of 200 is below the 20-day moving average (MA) of 201.25, above the 50-day MA of 197.69, and above the 200-day MA of 190.63, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 50.81 is Neutral, neither overbought nor oversold. The STOCH value of 22.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:HLCL.
Helical Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £1.52B | 7.47 | 12.69% | 5.93% | 12.54% | 29.71% | |
71 Outperform | £1.26B | 9.57 | 6.53% | 3.39% | -23.35% | 20.53% | |
71 Outperform | £341.16M | 16.95 | 5.05% | 5.93% | -0.42% | -13.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | £50.18M | 11.88 | 3.61% | 7.59% | -4.65% | -36.18% | |
51 Neutral | £228.79M | 41.15 | 1.34% | 6.38% | 4.03% | -79.67% | |
47 Neutral | £133.22M | -26.16 | -2.38% | 0.12% | ― | ― |
* Real Estate Sector Average
GB:HLCL
Helical
200.00
-7.89
-3.79%
GB:GRI
Grainger
171.00
-10.34
-5.70%
GB:MTVW
Mountview Estates
8,850.00
-411.02
-4.44%
GB:PNS
Panther Securities
290.00
20.76
7.71%
GB:PSDL
Phoenix Spree Deutschland Ltd
157.00
2.79
1.81%
GB:SRE
Sirius Real Estate
94.40
2.38
2.59%
Helical Corporate Events
Business Operations and StrategyStock Buyback
Helical Tightens Capital Structure with Treasury Share Buyback
Positive
Aug 17, 2026
Helical plc has continued its previously announced share buyback programme, repurchasing 375,000 ordinary shares between 10 and 14 August 2026 at prices between 207p and 210p. The shares, bought via broker Peel Hunt at a volume-weighted average pr...
Business Operations and StrategyStock Buyback
Helical PLC Buys Back 200,000 Shares for Treasury Under Ongoing Programme
Positive
Aug 10, 2026
Helical PLC has repurchased 200,000 of its 1.05p ordinary shares on the London Stock Exchange between 3 and 7 August 2026 at prices between 200p and 203p, with a volume-weighted average price of 202.25p. The company intends to hold these shares in...
Business Operations and StrategyExecutive/Board Changes
Helical awards dividend-linked share incentives to directors and staff
Positive
Aug 3, 2026
Helical plc has granted ordinary shares to directors, senior managers and employees under its Share Incentive Plan, using a reference price of 199p per share and distributing the awards through the plan’s Dividend Share element. The latest a...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helical Expands Share Buyback, Boosting Treasury Holdings
Positive
Aug 3, 2026
Helical plc has continued its previously announced share buyback programme, repurchasing 160,000 ordinary shares between 27 July and 31 July 2026 at prices ranging from 196p to 202p and a volume-weighted average price of 199.25p. The company inten...
Regulatory Filings and Compliance
Helical Updates Market on Total Voting Rights and Share Capital
Neutral
Aug 3, 2026
Helical plc has reported that as of 31 July 2026 it had 117,481,200 ordinary 1p shares in issue, of which 1,385,611 are held in treasury, leaving 116,095,589 voting rights in the market. The disclosure, made in line with FCA transparency rules, pr...
Business Operations and StrategyStock Buyback
Helical Boosts Treasury Stock With Latest Share Buyback
Positive
Jul 27, 2026
Helical PLC has repurchased 239,738 ordinary shares between 20 July and 24 July 2026 through Peel Hunt LLP as part of its ongoing share buyback programme launched in early June. The shares were bought at prices between 195p and 198p, with a volume...
Business Operations and Strategy
Helical Completes £12m Capital Return and Resets Voting Share Base
Neutral
Jul 21, 2026
Helical PLC has proceeded with a previously announced £12 million return of capital via a B Share Scheme, confirming that redemption of the newly created B Shares will take place today. The cash proceeds from this redemption are scheduled to ...
Business Operations and StrategyDelistings and Listing Changes
Helical Executes B Share Capital Return and Share Consolidation
Neutral
Jul 20, 2026
Helical PLC has completed the issue of 122,320,093 B shares and implemented a share consolidation, with the resulting new ordinary shares admitted today to the London Stock Exchange’s Main Market and the Equity Shares (Commercial Companies) ...
Business Operations and StrategyStock BuybackShareholder MeetingsStock Split
Helical Wins Shareholder Backing for Capital Resolutions and Minor Share Issue
Neutral
Jul 16, 2026
Helical plc shareholders have approved all resolutions at the company’s 2026 General Meeting, including new Articles of Association, the issuance of B shares, a share consolidation, and authorities to allot new ordinary shares and disapply p...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsShareholder Meetings
Helical wins strong shareholder backing at 2026 AGM
Positive
Jul 16, 2026
Helical shareholders endorsed all resolutions at the 2026 annual general meeting, including the approval of the annual report, directors’ remuneration report and a final dividend of 1.00 pence per share. Investors also backed the appointment...
Business Operations and Strategy
Helical lifts Bower occupancy with new Audio Network lease
Positive
Jul 16, 2026
Helical has agreed an 11-year lease with Audio Network Limited for the 12th floor of The Tower at The Bower, EC1, covering 9,572 sq ft, with a tenant break option at year six. The global music company, which specialises in creating and licensing o...
Business Operations and StrategyStock BuybackFinancial Disclosures
Helical boosts London lettings, advances pipeline and returns capital to shareholders
Positive
Jul 16, 2026
Helical has reported a strong start to its financial year, driven by robust letting activity at The Bower, where around 32,000 sq ft of space has been let and about 50,000 sq ft re-geared, lifting occupancy to 96.6% and adding £2.4m of contra...
Business Operations and StrategyExecutive/Board Changes
Helical Grants Deferred Share Awards to Executive Directors Under 2018 Bonus Scheme
Positive
Jul 15, 2026
Helical PLC has granted deferred share awards to Executive Directors Matthew Bonning-Snook and James Moss under its 2018 Annual Bonus Scheme, in respect of bonuses for the year to 31 March 2026. The nil-cost options, granted over ordinary shares a...
Business Operations and StrategyStock Buyback
Helical PLC Adds 110,000 Shares to Treasury in Ongoing Buyback
Positive
Jul 13, 2026
Helical PLC has repurchased 110,000 ordinary shares between 6 and 10 July 2026 through Peel Hunt LLP as part of its previously announced share buyback programme. The shares, acquired at a volume-weighted average price of 198.34 pence, will be held...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helical PLC Increases Treasury Stock with Share Buyback
Positive
Jul 6, 2026
Helical PLC has repurchased 120,000 of its 1p ordinary shares on the London Stock Exchange between 29 June and 3 July 2026, at prices ranging from 190.70p to 201.00p and a volume-weighted average price of 192.86p. The company intends to hold these...
Regulatory Filings and Compliance
Helical Updates Market on Total Voting Rights and Share Capital
Neutral
Jul 1, 2026
Helical plc has reported that as of 30 June 2026 it had 123,355,197 ordinary 1p shares in issue, of which 890,167 are held in treasury, resulting in 122,465,030 voting rights in the company. This disclosure, made in line with the FCA’s Discl...
Business Operations and StrategyShareholder Meetings
Helical Details £17m Capital Return and Share Consolidation Plan
Positive
Jun 30, 2026
Helical PLC, a London-focused office property developer and investor, is leveraging profits from recent asset disposals to return surplus capital to shareholders. The company continues to pursue a strategy of recycling gains from major sales while...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helical boosts treasury stock with June share buyback
Positive
Jun 29, 2026
Helical PLC has repurchased 193,055 of its 1p ordinary shares on the London Stock Exchange between 20 and 26 June 2026 at prices ranging from 185p to 191.4p, with a volume-weighted average price of 188.23p. The company plans to hold these shares i...
Business Operations and StrategyStock Buyback
Helical repurchases 336,054 shares under ongoing buyback programme
Positive
Jun 22, 2026
Helical plc has continued its share buyback activity, repurchasing 336,054 ordinary shares between 13 and 19 June 2026 at prices ranging from 190.00p to 192.60p, with a volume-weighted average of 191.32p. The company intends to hold these shares i...
Financial DisclosuresShareholder Meetings
Helical Publishes 2026 Annual Report and Plans £12m Capital Return
Positive
Jun 17, 2026
Helical PLC has published its Annual Report and Accounts for the year ended 31 March 2026 and confirmed that its 2026 Annual General Meeting will take place on 16 July 2026 at its London registered office. The report, AGM notice and related materi...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Helical repurchases 350,871 shares for treasury under June buyback programme
Positive
Jun 15, 2026
Helical plc has repurchased 350,871 of its 1p ordinary shares on the London Stock Exchange between 8 and 12 June 2026, paying prices between 182p and 187p per share and a volume-weighted average price of 185.15p. The company intends to hold all of...
Business Operations and StrategyFinancial Disclosures
Helical Lifts Bower Occupancy with 60,000 sq ft of New and Regeared Leases
Positive
Jun 10, 2026
Helical has secured significant leasing progress at The Bower, completing regears and a new letting across six floors totalling about 60,000 sq ft with two major occupiers, Fin and Fresha. Fin has signed reversionary leases on the eighth and ninth...
Business Operations and StrategyStock Buyback
Helical launches £5m share buyback to return surplus capital
Positive
Jun 8, 2026
Helical plc has launched a share buyback programme of up to £5 million in ordinary shares, commencing immediately and running until completion or 30 September 2026, whichever is earlier. The company has appointed Peel Hunt LLP to execute the ...
Business Operations and StrategyExecutive/Board Changes
Helical Aligns Leadership Incentives with Long-Term Performance via New Share Awards
Positive
Jun 3, 2026
Helical plc has granted new equity-based incentives to its senior leadership under its 2024 Performance Share Plan, awarding nil-cost options over hundreds of thousands of shares to executive directors and PDMRs, which will vest in June 2029 subje...
Business Operations and StrategyDividendsFinancial DisclosuresM&A Transactions
Helical banks New Bridge Street sale to fund capital return and London office push
Neutral
May 22, 2026
Helical reported a busy year to 31 March 2026, advancing a 700,000 sq ft office development pipeline and securing key lettings at The Bower in EC1, while progressing major London schemes including 100 New Bridge Street, Brettenham House, 10 King W...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.