Helical (HLCL) AI Stock Analysis

• Market Cap: £226.32M
• Dividend Yield: 2.71%
• Average Volume (3M): 136.38K
• Price to Earnings (P/E): 9.0
• Beta (1Y): 1.20
• Revenue Growth: -14.09%
• EPS Growth: N/A
• Country: UK
• Employees: 27
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 0.02
• Shares Outstanding: 123,335,200
• 10 Day Avg. Volume: 68,429
• 30 Day Avg. Volume: 136,377
• PEG Ratio: -0.08
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 7.57
• P/FCF Ratio: 218.84
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £226.50
• Price Target Upside: 22.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: 198.00p ▲(7.38% Upside)

Helical's overall stock score reflects mixed financial performance and bearish technical indicators, partially offset by a potentially undervalued stock and positive corporate developments. The company's strategic focus on high-demand areas and sustainability could drive future growth, but financial volatility remains a concern.

Positive Factors

Strategic Partnerships

Strategic partnerships provide a steady pipeline for development projects, ensuring long-term growth and diversification of revenue streams.

Sustainable Building Solutions

Emphasizing sustainability aligns with industry trends and regulatory demands, enhancing market appeal and competitive positioning.

Stable Income Base

Long-term leases ensure predictable cash flows, supporting financial stability and reducing revenue volatility over time.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities and weather economic downturns.

Volatile Revenue

Inconsistent revenue impacts financial predictability, complicating planning and investment strategies, and may deter risk-averse investors.

Erratic Cash Flow

Erratic cash flow can hinder the company's ability to fund operations and growth initiatives consistently, affecting long-term financial health.

Helical Business Overview & Revenue Model

Company Description

Helical (HLCL) is a real estate investment and development company based in the United Kingdom, specializing in high-quality commercial properties. The company operates primarily in the office, retail, and mixed-use sectors, focusing on creating sustainable and innovative spaces that meet the evolving needs of businesses and communities. Helical is known for its commitment to design excellence and sustainability, with a portfolio that includes both newly developed properties and existing assets undergoing refurbishment.

How the Company Makes Money

Helical generates revenue through a combination of property development, investment, and management activities. The company earns money by developing commercial properties and leasing them to tenants, which provides a steady stream of rental income. Additionally, Helical engages in the sale of developed properties, capitalizing on market demand and improving asset values to realize profits. Key revenue streams include rental income from commercial leases, proceeds from property sales, and fees associated with property management services. Strategic partnerships with local governments, contractors, and real estate agencies also contribute to Helical's success by enabling access to prime development sites and enhancing project delivery efficiency.

Helical Financial Statement Overview

Summary

Helical's financial performance is mixed, with volatile revenue and profitability, high leverage, and inconsistent cash flow. Despite a strong equity base, these factors present potential risks.

Income Statement

Helical's income statement reveals a volatile performance with fluctuating revenue and profitability over the years. Recent data shows a significant drop in total revenue and a negative EBIT in 2024, although there was a recovery in 2025. Gross profit margins have been inconsistent, reflecting challenges in maintaining cost efficiency.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, indicating significant leverage, though it has been reduced in the latest year. The equity ratio is relatively healthy, suggesting a stable financial base despite the fluctuations in total assets over the years.

Cash Flow

Cash flow analysis highlights erratic free cash flow performance, with significant fluctuations in operating cash flow and free cash flow generation over the years. The company has faced challenges in maintaining stable cash flow, which may impact its ability to fund operations consistently.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	30.58M	31.96M	37.84M	54.41M	96.82M	30.77M
Gross Profit	7.07M	16.57M	23.39M	40.88M	88.71M	26.71M
EBITDA	8.45M	36.27M	-179.52M	-52.65M	87.01M	35.38M
Net Income	25.08M	27.95M	-189.81M	-51.75M	88.89M	17.88M
Balance Sheet
Total Assets	593.89M	624.91M	657.87M	872.86M	1.14B	1.02B
Cash, Cash Equivalents and Short-Term Investments	30.29M	71.33M	28.63M	41.43M	24.83M	81.57M
Total Debt	150.21M	175.54M	231.91M	232.95M	403.56M	344.27M
Total Liabilities	171.10M	198.82M	256.79M	264.18M	448.09M	412.86M
Stockholders Equity	422.78M	426.09M	401.07M	608.67M	687.04M	608.16M
Cash Flow
Free Cash Flow	-3.89M	1.10M	11.66M	219.00K	2.96M	3.85M
Operating Cash Flow	-3.85M	1.44M	12.27M	767.00K	3.03M	4.00M
Investing Cash Flow	13.91M	105.98M	-20.70M	192.25M	-174.37M	99.62M
Financing Cash Flow	-45.90M	-59.55M	-19.53M	-185.58M	45.70M	-23.76M

Helical Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 184.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:HLCL, the sentiment is Negative. The current price of 184.4 is below the 20-day moving average (MA) of 190.27, below the 50-day MA of 199.81, and below the 200-day MA of 208.72, indicating a bearish trend. The MACD of -4.33 indicates Positive momentum. The RSI at 35.64 is Neutral, neither overbought nor oversold. The STOCH value of 13.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:HLCL.

Helical Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FOXT	78 Outperform	£170.33M	11.31	11.42%	2.06%	10.84%	113.75%
TPFG	76 Outperform	£330.24M	20.83	10.87%	3.67%	97.27%	25.80%
MTVW	74 Outperform	£348.96M	15.94	5.35%	5.87%	-6.52%	-20.26%
LSL	71 Outperform	£266.88M	15.48	―	3.55%	20.46%	―
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
HLCL	55 Neutral	£226.32M	9.02	6.07%	2.71%	-14.09%	―

Helical Corporate Events

Helical PLC Enhances Shareholder Alignment with New Share Incentive Plan

Helical PLC announced the allocation of 15,666 ordinary shares to its directors, PDMRs, and employees under its Share Incentive Plan, with contributions matched by the company at a 2:1 ratio. This move reflects Helical’s commitment to aligning the interests of its leadership and workforce with the company’s performance, potentially enhancing motivation and retention within the organization.

Helical PLC Sees Growth in London Office Market Amid Strategic Developments

Helical PLC reported its half-year results, highlighting significant construction activity and strategic developments in central London. The company is optimistic about the London office market, driven by strong demand for premium office space and limited supply, which is expected to boost rental growth. Helical’s ongoing projects, such as 10 King William Street and Brettenham House, are anticipated to set new rental benchmarks. The company is also pursuing student accommodation projects and aims to maximize shareholder returns through joint ventures and equity-light structures. Despite a slight decrease in investment property valuations, Helical’s development portfolio value increased, reflecting its strategic focus on high-demand areas.

Helical PLC to Announce Half-Year Results on 26 November 2025

Helical PLC has announced that it will release its half-year results for the period ending 30 September 2025 on 26 November 2025. The company will conduct an in-person presentation for analysts, which will also be available via webcast, allowing broader access and engagement from stakeholders. This announcement highlights Helical’s commitment to transparency and stakeholder engagement, potentially impacting its market perception positively.

Helical PLC Reports Robust Development Progress and Sustainability Achievements

Helical PLC reported significant progress in its development projects, with construction advancing on three major office sites set for completion in 2026. The company is also preparing for future projects, including a student accommodation scheme in Southwark and an office development in Paddington. Despite macroeconomic uncertainties, Helical is optimistic about strong rental growth and increased investor interest in the office sector, which could enhance shareholder returns. The company continues to prioritize sustainability, achieving high ratings and certifications for its projects.