Helical PLC (GB:HLCL)
LSE:HLCL
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Helical
(LSE:HLCL)
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Rating:52Neutral
Price Target:
197.00 p
▲(5.35% Upside)
Action:Reiterated
Date:03/26/26
The score is held back mainly by weak cash flow conversion and volatile, contracting financial performance, plus bearish technicals with the share price below key moving averages. Partially offsetting this are positive project/funding corporate developments and a moderate dividend, though the P/E remains high.
Positive Factors
Improved leverage / balance sheet
A lower debt-to-equity (~0.41) and sizeable equity base improve financial flexibility for multi-year property development cycles. Reduced leverage lowers refinancing risk and supports access to project finance, enabling Helical to pursue development and recycling strategies with greater resilience.
Negative Factors
Weak cash generation
Severely reduced operating and free cash flow constrains reinvestment and makes the capital recycling model more reliant on asset disposals or external funding. Persistent weak cash conversion increases refinancing and liquidity risk and may limit the company's ability to fund developments or sustain distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage / balance sheet
A lower debt-to-equity (~0.41) and sizeable equity base improve financial flexibility for multi-year property development cycles. Reduced leverage lowers refinancing risk and supports access to project finance, enabling Helical to pursue development and recycling strategies with greater resilience.
Read all positive factors
Helical (HLCL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£228.04M
Dividend Yield2.71%
Average Volume (3M)136.38K
Price to Earnings (P/E)35.1
Beta (1Y)0.96
Revenue Growth-14.09%
EPS GrowthN/A
CountryUK
Employees27
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.20
Shares Outstanding123,335,200
10 Day Avg. Volume68,429
30 Day Avg. Volume136,377
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.57
Price to Sales (P/S)7.57
P/FCF Ratio218.84
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)0.08
Revenue Forecast (FY)£19.15M
Helical Business Overview & Revenue Model
Company Description
Helical plc engages in the investment, rental, and development of real estate properties in the United Kingdom. The company's property portfolio includes mixed use commercial/residential projects and offices. It is also involved in the office refu...
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
56
Neutral
Balance Sheet
64
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.58M | 31.96M | 37.84M | 54.41M | 96.82M | 30.77M |
| Gross Profit | 15.74M | 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
Negative
187.00
Price Trends
186.96
Negative
189.90
Negative
197.59
Negative
Market Momentum
-0.97
Positive
44.08
Neutral
28.38
Neutral
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 187 is below the 20-day moving average (MA) of 187.03, above the 50-day MA of 186.96, and below the 200-day MA of 197.59, indicating a bearish trend. The MACD of -0.97 indicates Positive momentum. The RSI at 44.08 is Neutral, neither overbought nor oversold. The STOCH value of 28.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | £1.56B | 4.93 | 12.27% | 5.71% | 4.79% | 37.75% | |
68 Neutral | £347.01M | 8.24 | 5.35% | 5.88% | -6.52% | -20.26% | |
67 Neutral | £1.13B | -18.96 | 6.53% | 3.62% | -23.35% | 20.53% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | £49.32M | 11.84 | 6.10% | 3.92% | -4.65% | -36.18% | |
56 Neutral | £158.86M | 114.91 | -2.38% | ― | ― | ― | |
52 Neutral | £228.04M | 35.14 | 5.91% | 2.71% | -14.09% | ― |
* Real Estate Sector Average
GB:HLCL
Helical
181.80
-47.92
-20.86%
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GB:PSDL
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GB:SRE
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99.15
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12.87%
Helical Corporate Events
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 ...
Business Operations and StrategyPrivate Placements and Financing
Helical and Places for London Secure £220m Loan for Paddington Overstation Office Scheme
Positive
Feb 12, 2026
Helical and Places for London, Transport for London’s property arm, have secured a £220 million development loan from PIMCO Prime Real Estate to fund the acquisition and delivery of the Paddington Over Station Development, a 235,000 sq ...
Business Operations and StrategyFinancial Disclosures
Helical Sets Date for Full-Year 2026 Results and Analyst Presentation
Neutral
Feb 10, 2026
Helical plc has scheduled the release of its full-year results for the financial year ended 31 March 2026, with the announcement set for Friday, 22 May 2026. The company will host an in-person presentation for analysts at 9:00 a.m. on the same day...
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.