LEG IMMOBILIEN SE (LEG.DE) Stock Fundamental Analysis
FRA:LEG - Deutsche Boerse Ag - DE000LEG1110 - Common Stock - Currency: EUR
We assign a fundamental rating of 3 out of 10 to LEG. LEG was compared to 73 industry peers in the Real Estate Management & Development industry. LEG has a medium profitability rating, but doesn't score so well on its financial health evaluation. LEG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year LEG was profitable.
LEG had a positive operating cash flow in the past year.
LEG had positive earnings in 4 of the past 5 years.
Each year in the past 5 years LEG had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.34%, LEG is in line with its industry, outperforming 54.79% of the companies in the same industry.
LEG has a Return On Equity (0.90%) which is in line with its industry peers.
With a Return On Invested Capital value of 1.88%, LEG perfoms like the industry average, outperforming 57.53% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for LEG is below the industry average of 3.86%.
The last Return On Invested Capital (1.88%) for LEG is above the 3 year average (1.76%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 0.9% | ||
| ROIC | 1.88% |
ROA(3y)-2.23%
ROA(5y)2.11%
ROE(3y)-5.85%
ROE(5y)4.04%
ROIC(3y)1.76%
ROIC(5y)1.7%
1.3 Margins
Looking at the Profit Margin, with a value of 5.06%, LEG is in the better half of the industry, outperforming 63.01% of the companies in the same industry.
LEG's Profit Margin has declined in the last couple of years.
LEG has a better Operating Margin (44.53%) than 72.60% of its industry peers.
LEG's Operating Margin has declined in the last couple of years.
LEG has a Gross Margin (48.60%) which is in line with its industry peers.
LEG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.53% | ||
| PM (TTM) | 5.06% | ||
| GM | 48.6% |
OM growth 3Y-4.69%
OM growth 5Y-2.56%
PM growth 3Y-69.54%
PM growth 5Y-45.04%
GM growth 3Y-4.06%
GM growth 5Y-2.36%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LEG is destroying value.
The number of shares outstanding for LEG has been increased compared to 1 year ago.
Compared to 5 years ago, LEG has more shares outstanding
The debt/assets ratio for LEG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.79, we must say that LEG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.79, LEG is in line with its industry, outperforming 41.10% of the companies in the same industry.
LEG has a debt to FCF ratio of 23.27. This is a negative value and a sign of low solvency as LEG would need 23.27 years to pay back of all of its debts.
LEG's Debt to FCF ratio of 23.27 is fine compared to the rest of the industry. LEG outperforms 60.27% of its industry peers.
LEG has a Debt/Equity ratio of 1.06. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.06, LEG is doing worse than 65.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 23.27 | ||
| Altman-Z | 0.79 |
ROIC/WACC0.58
WACC3.22%
2.3 Liquidity
LEG has a Current Ratio of 0.47. This is a bad value and indicates that LEG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of LEG (0.47) is worse than 75.34% of its industry peers.
LEG has a Quick Ratio of 0.47. This is a bad value and indicates that LEG is not financially healthy enough and could expect problems in meeting its short term obligations.
LEG has a worse Quick ratio (0.46) than 61.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
LEG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.75%.
The Earnings Per Share has been decreasing by -3.40% on average over the past years.
The Revenue has been growing slightly by 5.03% in the past year.
The Revenue has been growing by 10.00% on average over the past years. This is quite good.
EPS 1Y (TTM)-6.75%
EPS 3Y23.02%
EPS 5Y-3.4%
EPS Q2Q%28.75%
Revenue 1Y (TTM)5.03%
Revenue growth 3Y10.71%
Revenue growth 5Y10%
Sales Q2Q%2.28%
3.2 Future
The Earnings Per Share is expected to grow by 9.33% on average over the next years. This is quite good.
Based on estimates for the next years, LEG will show a quite strong growth in Revenue. The Revenue will grow by 12.32% on average per year.
EPS Next Y14.8%
EPS Next 2Y8.58%
EPS Next 3Y9.33%
EPS Next 5YN/A
Revenue Next Year34.34%
Revenue Next 2Y20.26%
Revenue Next 3Y12.32%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.10, LEG is valued correctly.
Based on the Price/Earnings ratio, LEG is valued a bit cheaper than 76.71% of the companies in the same industry.
When comparing the Price/Earnings ratio of LEG to the average of the S&P500 Index (26.38), we can say LEG is valued slightly cheaper.
The Price/Forward Earnings ratio is 12.28, which indicates a correct valuation of LEG.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LEG indicates a somewhat cheap valuation: LEG is cheaper than 72.60% of the companies listed in the same industry.
LEG is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 12.28 |
4.2 Price Multiples
61.64% of the companies in the same industry are more expensive than LEG, based on the Enterprise Value to EBITDA ratio.
LEG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. LEG is cheaper than 68.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.19 | ||
| EV/EBITDA | 24.81 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.95
PEG (5Y)N/A
EPS Next 2Y8.58%
EPS Next 3Y9.33%
5. Dividend
5.1 Amount
LEG has a Yearly Dividend Yield of 3.61%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 7.51, LEG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, LEG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
5.2 History
The dividend of LEG decreases each year by -9.38%.
Dividend Growth(5Y)-9.38%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
LEG pays out 232.12% of its income as dividend. This is not a sustainable payout ratio.
DP232.12%
EPS Next 2Y8.58%
EPS Next 3Y9.33%
FRA:LEG (6/5/2025, 5:36:15 PM)
74
-0.15 (-0.2%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners64.56%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.51B
Analysts73.33
Price Target90.97 (22.93%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.61% |
Yearly Dividend2.06
Dividend Growth(5Y)-9.38%
DP232.12%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.42%
Min EPS beat(2)-32.58%
Max EPS beat(2)39.41%
EPS beat(4)1
Avg EPS beat(4)-7.83%
Min EPS beat(4)-32.58%
Max EPS beat(4)39.41%
EPS beat(8)2
Avg EPS beat(8)-4.64%
EPS beat(12)3
Avg EPS beat(12)-35.86%
EPS beat(16)3
Avg EPS beat(16)-40.16%
Revenue beat(2)0
Avg Revenue beat(2)-6.2%
Min Revenue beat(2)-6.68%
Max Revenue beat(2)-5.73%
Revenue beat(4)2
Avg Revenue beat(4)17.09%
Min Revenue beat(4)-6.68%
Max Revenue beat(4)42.79%
Revenue beat(8)3
Avg Revenue beat(8)6.3%
Revenue beat(12)7
Avg Revenue beat(12)17.24%
Revenue beat(16)11
Avg Revenue beat(16)17.6%
PT rev (1m)0.25%
PT rev (3m)-10.1%
EPS NQ rev (1m)-4.39%
EPS NQ rev (3m)-1.71%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.64%
Revenue NQ rev (1m)-23.13%
Revenue NQ rev (3m)-10.01%
Revenue NY rev (1m)13.25%
Revenue NY rev (3m)26.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.1 | ||
| Fwd PE | 12.28 | ||
| P/S | 4.23 | ||
| P/FCF | 13.19 | ||
| P/OCF | 12.62 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 24.81 |
EPS(TTM)5.25
EY7.09%
EPS(NY)6.03
Fwd EY8.14%
FCF(TTM)5.61
FCFY7.58%
OCF(TTM)5.86
OCFY7.92%
SpS17.5
BVpS98.99
TBVpS98.9
PEG (NY)0.95
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 0.9% | ||
| ROCE | 3.35% | ||
| ROIC | 1.88% | ||
| ROICexc | 1.92% | ||
| ROICexgc | 1.92% | ||
| OM | 44.53% | ||
| PM (TTM) | 5.06% | ||
| GM | 48.6% | ||
| FCFM | 32.05% |
ROA(3y)-2.23%
ROA(5y)2.11%
ROE(3y)-5.85%
ROE(5y)4.04%
ROIC(3y)1.76%
ROIC(5y)1.7%
ROICexc(3y)1.79%
ROICexc(5y)1.74%
ROICexgc(3y)1.79%
ROICexgc(5y)1.75%
ROCE(3y)3.13%
ROCE(5y)3.03%
ROICexcg growth 3Y6.99%
ROICexcg growth 5Y-0.28%
ROICexc growth 3Y7.57%
ROICexc growth 5Y-0.05%
OM growth 3Y-4.69%
OM growth 5Y-2.56%
PM growth 3Y-69.54%
PM growth 5Y-45.04%
GM growth 3Y-4.06%
GM growth 5Y-2.36%
F-Score8
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 23.27 | ||
| Debt/EBITDA | 12.95 | ||
| Cap/Depr | 87.44% | ||
| Cap/Sales | 1.44% | ||
| Interest Coverage | 3.63 | ||
| Cash Conversion | 72.52% | ||
| Profit Quality | 632.88% | ||
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | 0.79 |
F-Score8
WACC3.22%
ROIC/WACC0.58
Cap/Depr(3y)67.45%
Cap/Depr(5y)56.65%
Cap/Sales(3y)3.16%
Cap/Sales(5y)2.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.75%
EPS 3Y23.02%
EPS 5Y-3.4%
EPS Q2Q%28.75%
EPS Next Y14.8%
EPS Next 2Y8.58%
EPS Next 3Y9.33%
EPS Next 5YN/A
Revenue 1Y (TTM)5.03%
Revenue growth 3Y10.71%
Revenue growth 5Y10%
Sales Q2Q%2.28%
Revenue Next Year34.34%
Revenue Next 2Y20.26%
Revenue Next 3Y12.32%
Revenue Next 5YN/A
EBIT growth 1Y1.01%
EBIT growth 3Y5.52%
EBIT growth 5Y7.18%
EBIT Next Year10.61%
EBIT Next 3Y5.28%
EBIT Next 5YN/A
FCF growth 1Y-3.4%
FCF growth 3Y6.85%
FCF growth 5Y6.25%
OCF growth 1Y-2.55%
OCF growth 3Y7.26%
OCF growth 5Y6.53%