LEG IMMOBILIEN SE (LEG.DE) Stock Fundamental Analysis
FRA:LEG - Deutsche Boerse Ag - DE000LEG1110 - Common Stock - Currency: EUR
LEG gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 71 industry peers in the Real Estate Management & Development industry. LEG may be in some trouble as it scores bad on both profitability and health. LEG has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year LEG was profitable.
LEG had a positive operating cash flow in the past year.
In multiple years LEG reported negative net income over the last 5 years.
LEG had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
LEG has a Return On Assets of -2.98%. This is comparable to the rest of the industry: LEG outperforms 49.30% of its industry peers.
LEG has a Return On Equity (-8.03%) which is in line with its industry peers.
LEG has a Return On Invested Capital (1.50%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for LEG is below the industry average of 4.65%.
The last Return On Invested Capital (1.50%) for LEG is above the 3 year average (1.33%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.98% | ||
| ROE | -8.03% | ||
| ROIC | 1.5% |
ROA(3y)0.44%
ROA(5y)3.31%
ROE(3y)0.28%
ROE(5y)6.63%
ROIC(3y)1.33%
ROIC(5y)1.4%
1.3 Margins
The Operating Margin of LEG (44.13%) is better than 76.06% of its industry peers.
In the last couple of years the Operating Margin of LEG has declined.
LEG's Gross Margin of 47.60% is in line compared to the rest of the industry. LEG outperforms 59.15% of its industry peers.
In the last couple of years the Gross Margin of LEG has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.13% | ||
| PM (TTM) | N/A | ||
| GM | 47.6% |
OM growth 3Y-3.91%
OM growth 5Y-2.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.37%
GM growth 5Y-3.02%
2. Health
2.1 Basic Checks
LEG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
LEG has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
Based on the Altman-Z score of 0.74, 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 0.74, LEG is in line with its industry, outperforming 53.52% of the companies in the same industry.
LEG has a debt to FCF ratio of 23.80. This is a negative value and a sign of low solvency as LEG would need 23.80 years to pay back of all of its debts.
LEG has a better Debt to FCF ratio (23.80) than 67.61% of its industry peers.
LEG has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
LEG has a Debt to Equity ratio (1.09) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 23.8 | ||
| Altman-Z | 0.74 |
ROIC/WACC0.53
WACC2.85%
2.3 Liquidity
LEG has a Current Ratio of 0.48. This is a bad value and indicates that LEG is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.48, LEG is doing worse than 66.20% of the companies in the same industry.
LEG has a Quick Ratio of 0.48. 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 Quick ratio of 0.47. This is comparable to the rest of the industry: LEG outperforms 42.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.47 |
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%.
Measured over the past years, LEG shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.40% on average per year.
EPS 1Y (TTM)-6.75%
EPS 3Y23.02%
EPS 5Y-3.4%
EPS Q2Q%28.75%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.28%
3.2 Future
The Earnings Per Share is expected to grow by 8.69% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.85% on average over the next years.
EPS Next Y15.54%
EPS Next 2Y8.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.83%
Revenue Next 2Y4.85%
Revenue Next 3YN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.43, LEG is valued correctly.
LEG's Price/Earnings ratio is rather cheap when compared to the industry. LEG is cheaper than 80.28% of the companies in the same industry.
When comparing the Price/Earnings ratio of LEG to the average of the S&P500 Index (28.89), we can say LEG is valued rather cheaply.
LEG is valuated reasonably with a Price/Forward Earnings ratio of 10.76.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LEG indicates a somewhat cheap valuation: LEG is cheaper than 77.46% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of LEG to the average of the S&P500 Index (21.98), we can say LEG is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.43 | ||
| Fwd PE | 10.76 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LEG indicates a somewhat cheap valuation: LEG is cheaper than 71.83% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, LEG is valued a bit cheaper than the industry average as 74.65% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.81 | ||
| EV/EBITDA | 24.67 |
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)0.8
PEG (5Y)N/A
EPS Next 2Y8.69%
EPS Next 3YN/A
5. Dividend
5.1 Amount
LEG has a Yearly Dividend Yield of 4.01%, which is a nice return.
In the last 3 months the price of LEG has falen by -20.48%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
LEG's Dividend Yield is a higher than the industry average which is at 7.28.
Compared to an average S&P500 Dividend Yield of 2.39, LEG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of LEG are negative and hence is the payout ratio. LEG will probably not be able to sustain this dividend level.
DP-26.07%
EPS Next 2Y8.69%
EPS Next 3YN/A
FRA:LEG (3/27/2025, 10:41:47 AM)
65.28
+0.58 (+0.9%)
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 Cap4.86B
Analysts77.5
Price Target101.19 (55.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.01% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP-26.07%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.8%
Min EPS beat(2)-32.58%
Max EPS beat(2)-9.03%
EPS beat(4)1
Avg EPS beat(4)-10.15%
Min EPS beat(4)-32.58%
Max EPS beat(4)30.12%
EPS beat(8)1
Avg EPS beat(8)-29.9%
EPS beat(12)2
Avg EPS beat(12)-49.29%
EPS beat(16)3
Avg EPS beat(16)-31.64%
Revenue beat(2)1
Avg Revenue beat(2)16.12%
Min Revenue beat(2)-5.73%
Max Revenue beat(2)37.97%
Revenue beat(4)2
Avg Revenue beat(4)16.94%
Min Revenue beat(4)-7.26%
Max Revenue beat(4)42.79%
Revenue beat(8)4
Avg Revenue beat(8)11.64%
Revenue beat(12)8
Avg Revenue beat(12)21.27%
Revenue beat(16)12
Avg Revenue beat(16)20.24%
PT rev (1m)0%
PT rev (3m)1.43%
EPS NQ rev (1m)2.57%
EPS NQ rev (3m)7.6%
EPS NY rev (1m)0%
EPS NY rev (3m)1.67%
Revenue NQ rev (1m)1.9%
Revenue NQ rev (3m)2%
Revenue NY rev (1m)3.22%
Revenue NY rev (3m)-3.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.43 | ||
| Fwd PE | 10.76 | ||
| P/S | 3.84 | ||
| P/FCF | 11.81 | ||
| P/OCF | 11.36 | ||
| P/B | 0.66 | ||
| P/tB | 0.67 | ||
| EV/EBITDA | 24.67 |
EPS(TTM)5.25
EY8.04%
EPS(NY)6.07
Fwd EY9.29%
FCF(TTM)5.53
FCFY8.47%
OCF(TTM)5.74
OCFY8.8%
SpS17
BVpS98.21
TBVpS98.16
PEG (NY)0.8
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.98% | ||
| ROE | -8.03% | ||
| ROCE | 3.21% | ||
| ROIC | 1.5% | ||
| ROICexc | 1.54% | ||
| ROICexgc | 1.54% | ||
| OM | 44.13% | ||
| PM (TTM) | N/A | ||
| GM | 47.6% | ||
| FCFM | 32.53% |
ROA(3y)0.44%
ROA(5y)3.31%
ROE(3y)0.28%
ROE(5y)6.63%
ROIC(3y)1.33%
ROIC(5y)1.4%
ROICexc(3y)1.36%
ROICexc(5y)1.43%
ROICexgc(3y)1.37%
ROICexgc(5y)1.44%
ROCE(3y)2.84%
ROCE(5y)2.99%
ROICexcg growth 3Y-0.67%
ROICexcg growth 5Y-4.46%
ROICexc growth 3Y-0.44%
ROICexc growth 5Y-4.3%
OM growth 3Y-3.91%
OM growth 5Y-2.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.37%
GM growth 5Y-3.02%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 23.8 | ||
| Debt/EBITDA | 13.89 | ||
| Cap/Depr | 105.96% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 3.55 | ||
| Cash Conversion | 74.57% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 0.74 |
F-Score6
WACC2.85%
ROIC/WACC0.53
Cap/Depr(3y)59.11%
Cap/Depr(5y)51.14%
Cap/Sales(3y)3.07%
Cap/Sales(5y)2.44%
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 Y15.54%
EPS Next 2Y8.69%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.28%
Revenue Next Year6.83%
Revenue Next 2Y4.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-2.43%
EBIT growth 3Y8.54%
EBIT growth 5Y7.84%
EBIT Next Year60.22%
EBIT Next 3Y20.31%
EBIT Next 5YN/A
FCF growth 1Y46.24%
FCF growth 3Y11.67%
FCF growth 5Y8.96%
OCF growth 1Y20.37%
OCF growth 3Y11.16%
OCF growth 5Y9.19%