Helical PLC (GB:HLCL)
LSE:HLCL
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Helical
(LSE:HLCL)
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Rating:51Neutral
Price Target:
195.00 p
▲(4.28% Upside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by solid balance-sheet strength but offset by weak and volatile cash flow versus earnings and inconsistent profitability. Technicals are mildly supportive, while valuation is a headwind due to the elevated P/E despite a modest dividend yield.
Positive Factors
Balance-sheet strength
A very low debt load versus a large equity base gives Helical durable financial flexibility: it can finance development cycles, absorb cyclical property market shocks, and pursue opportunistic acquisitions or repositionings without immediate reliance on external lenders.
Negative Factors
Weak cash conversion
Very low operating and free cash flow versus reported profit undermines the firm's ability to fund capex, pay distributions, or recycle capital internally. Over time this forces reliance on asset disposals or external funding, increasing execution and refinancing risk for development plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
A very low debt load versus a large equity base gives Helical durable financial flexibility: it can finance development cycles, absorb cyclical property market shocks, and pursue opportunistic acquisitions or repositionings without immediate reliance on external lenders.
Read all positive factors
Helical (HLCL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£230.04M
Dividend Yield2.71%
Average Volume (3M)136.38K
Price to Earnings (P/E)41.3
Beta (1Y)0.95
Revenue Growth4.03%
EPS Growth-79.67%
CountryUK
Employees27
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding122,668,274
10 Day Avg. Volume68,429
30 Day Avg. Volume136,377
Financial Highlights & Ratios
PEG Ratio-0.47
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 Target
£243.00Price Target Upside29.95% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)£18.40M
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...
How the Company Makes Money
Helical generates revenue through a combination of property development, investment income, and asset management. The company develops commercial office spaces, which are sold or leased to tenants, generating steady income through leases and rents...
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 | 37.84M | 54.41M | 96.82M |
| Gross Profit | 17.56M | 16.57M | 23.39M | 40.88M | 88.71M |
| EBITDA | 12.81M | 36.27M | -179.52M | -52.65M | 87.01M |
| Net Income | 5.67M | 27.95M | -189.81M | -51.75M | 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
187.00
Price Trends
188.45
Positive
189.99
Positive
194.06
Negative
Market Momentum
0.34
Negative
53.98
Neutral
44.91
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 187 is below the 20-day moving average (MA) of 188.51, below the 50-day MA of 188.45, and below the 200-day MA of 194.06, indicating a neutral trend. The MACD of 0.34 indicates Negative momentum. The RSI at 53.98 is Neutral, neither overbought nor oversold. The STOCH value of 44.91 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | £350.91M | 17.24 | 5.35% | 5.88% | -0.42% | -13.35% | |
71 Outperform | £1.54B | 7.84 | 12.69% | 5.71% | 12.54% | 29.71% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | £1.21B | 9.49 | 6.53% | 3.62% | -23.35% | 20.53% | |
61 Neutral | £49.32M | 11.68 | 3.61% | 3.92% | -4.65% | -36.18% | |
56 Neutral | £153.35M | -27.70 | -2.38% | ― | ― | ― | |
51 Neutral | £230.04M | 41.25 | 1.34% | 2.71% | 4.03% | -79.67% |
* Real Estate Sector Average
GB:HLCL
Helical
191.00
-40.67
-17.56%
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Helical Corporate Events
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...
Business Operations and StrategyM&A Transactions
Helical and Orion Complete Low-Carbon City Office Redevelopment and £333m Sale
Positive
May 14, 2026
Helical and Orion Capital Managers have completed a 195,000 sq ft repositioning of 100 New Bridge Street in the City of London, transforming the landmark office asset with a new façade, extra net internal area and expansive terracing overlook...
Business Operations and Strategy
Helical Nears Full Occupancy at Old Street’s The Bower with New Mobility Tenant
Positive
Apr 29, 2026
Helical has signed a new lease for 10,022 sq ft of fitted space at The Bower campus in Old Street, letting the third floor of The Tower to a multinational mobility company that is scheduled to move in this June. Together with a further 21,970 sq f...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Helical Advances London Office Pipeline as Lettings and Funding Bolster Momentum
Positive
Apr 22, 2026
Helical reported strong trading momentum between October 2025 and April 2026, driven by progress across its London development pipeline and solid leasing activity at The Bower in EC1, where new lettings and regears are set to lift occupancy to 96....
Other
Helical Director Increases Stake with £44,700 Share Purchase
Positive
Mar 26, 2026
Helical plc has disclosed a share purchase by independent non-executive director Robert Fowlds, who acquired 25,000 ordinary 1p shares in the company on 26 March 2026 on the London Stock Exchange. The transaction was executed at a price of £1...
Business Operations and StrategyExecutive/Board Changes
Helical appoints Robert Fowlds as new independent chair amid governance reshuffle
Positive
Mar 25, 2026
Helical PLC has announced that Richard Cotton will step down as Board Chair, Nominations Committee Chair and Director at the end of April, after overseeing the company’s 2024 strategic repositioning and the appointment of its current executi...
Business Operations and Strategy
Helical Awards 16,452 Shares Under Employee Incentive Plan
Neutral
Mar 5, 2026
Helical PLC has granted a total of 16,452 ordinary shares under its Share Incentive Plan, using contributions from directors, senior managers and employees that are matched by the company on a two-for-one basis. The shares were awarded at a price ...
Business Operations and StrategyPrivate Placements and Financing
Helical JV Strikes £200m Forward Funding Deal for Southwark Student Scheme
Positive
Feb 27, 2026
Helical plc, in joint venture with Places for London, has agreed a forward funding sale of its Southwark over-station purpose-built student accommodation project to a Places for London-owned vehicle, valuing the 429-studio scheme at more than ...
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.