FR0000121964 - REIT

We assign a fundamental rating of **4** out of 10 to **LI**. **LI** was compared to 46 industry peers in the **Diversified REITs** industry. While **LI** is still in line with the averages on profitability rating, there are concerns on its financial health. **LI** is valued correctly, but it does not seem to be growing.

Of the past 5 years **LI** 4 years were profitable.

With a decent **Return On Equity** value of **2.40%**, **LI** is doing good in the industry, outperforming **67.44%** of the companies in the same industry.

Measured over the past 3 years, the **Average Return On Invested Capital** for **LI** is in line with the industry average of **3.40%**.

The 3 year average ROIC (**3.44%**) for **LI** is below the current ROIC(**3.96%**), indicating increased profibility in the last year.

Industry Rank | Sector Rank | ||
---|---|---|---|

ROA | 0.96% | ||

ROE | 2.4% | ||

ROIC | 3.96% |

ROA(3y)1.83%

ROA(5y)0.67%

ROE(3y)4.62%

ROE(5y)1.51%

ROIC(3y)3.44%

ROIC(5y)3.28%

Looking at the **Profit Margin**, with a value of **13.57%**, **LI** is in the better half of the industry, outperforming **69.77%** of the companies in the same industry.

In the last couple of years the **Operating Margin** of **LI** has remained more or less at the same level.

The **Gross Margin** of **LI** (**72.78%**) is comparable to the rest of the industry.

Industry Rank | Sector Rank | ||
---|---|---|---|

OM | 66.41% | ||

PM (TTM) | 13.57% | ||

GM | 72.78% |

OM growth 3Y3.66%

OM growth 5Y0.13%

PM growth 3YN/A

PM growth 5Y-24.35%

GM growth 3Y3.91%

GM growth 5Y-0.08%

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), **LI** is destroying value.

Compared to 1 year ago, **LI** has about the same amount of shares outstanding.

Compared to 5 years ago, **LI** has less shares outstanding

The debt/assets ratio for **LI** has been reduced compared to a year ago.

Based on the Altman-Z score of **0.80**, we must say that **LI** is in the distress zone and has some risk of bankruptcy.

The Debt to FCF ratio of **LI** is **10.86**, which is on the high side as it means it would take **LI**, **10.86** years of fcf income to pay off all of its debts.

Looking at the **Debt to FCF ratio**, with a value of **10.86**, **LI** is in the better half of the industry, outperforming **74.42%** of the companies in the same industry.

A Debt/Equity ratio of **0.79** indicates that **LI** is somewhat dependend on debt financing.

With a **Debt to Equity ratio** value of **0.79**, **LI** perfoms like the industry average, outperforming **51.16%** of the companies in the same industry.

Industry Rank | Sector Rank | ||
---|---|---|---|

Debt/Equity | 0.79 | ||

Debt/FCF | 10.86 | ||

Altman-Z | 0.8 |

ROIC/WACC0.9

WACC4.41%

A Current Ratio of **0.39** indicates that **LI** may have some problems paying its short term obligations.

A Quick Ratio of **0.39** indicates that **LI** may have some problems paying its short term obligations.

Industry Rank | Sector Rank | ||
---|---|---|---|

Current Ratio | 0.39 | ||

Quick Ratio | 0.39 |

The **Earnings Per Share** has been growing slightly by **3.15%** on average over the past years.

The **Revenue** has been decreasing by **-1.50%** on average over the past years.

EPS 1Y (TTM)-2.4%

EPS 3Y6.15%

EPS 5Y3.15%

EPS Q2Q%4.24%

Revenue 1Y (TTM)-0.59%

Revenue growth 3Y2.88%

Revenue growth 5Y-1.5%

Sales Q2Q%-6.18%

EPS Next Y4.61%

EPS Next 2Y3.04%

EPS Next 3Y2.87%

EPS Next 5Y2.94%

Revenue Next Year4.65%

Revenue Next 2Y3.47%

Revenue Next 3Y3.2%

Revenue Next 5Y4.21%

The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

The **Price/Earnings** ratio is **10.57**, which indicates a very decent valuation of **LI**.

Based on the **Price/Earnings** ratio, **LI** is valued cheaply inside the industry as 88.37% of the companies are valued more expensively.

A **Price/Forward Earnings** ratio of **10.11** indicates a reasonable valuation of **LI**.

Industry Rank | Sector Rank | ||
---|---|---|---|

PE | 10.57 | ||

Fwd PE | 10.11 |

Industry Rank | Sector Rank | ||
---|---|---|---|

P/FCF | 10.04 | ||

EV/EBITDA | N/A |

The high **PEG Ratio(NY)**, which compensates the Price/Earnings for growth, indicates **LI** does not grow enough to justify the current Price/Earnings ratio.

PEG (NY)2.29

PEG (5Y)3.36

EPS Next 2Y3.04%

EPS Next 3Y2.87%

Compared to an average industry **Dividend Yield** of **7.29**, **LI** pays a bit more dividend than its industry peers.

Compared to an average S&P500 **Dividend Yield** of **2.39**, **LI** pays a better dividend.

Industry Rank | Sector Rank | ||
---|---|---|---|

Dividend Yield | 6.83% |

The dividend of **LI** decreases each year by **-13.14%**.

Dividend Growth(5Y)-13.14%

Div Incr Years1

Div Non Decr Years1

DP134.15%

EPS Next 2Y3.04%

EPS Next 3Y2.87%

**KLEPIERRE**

EPA:LI (6/20/2024, 5:35:30 PM)

**25.8**

**+0.38 (+1.49%) **

Chartmill FA Rating

GICS SectorReal Estate

GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)

GICS IndustryDiversified REITs

Earnings (Last)

Earnings (Next)

Inst Owners

Inst Owner Change

Ins Owners

Ins Owner Change

Market Cap7.37B

Analysts

Price Target

Dividend

Industry Rank | Sector Rank | ||
---|---|---|---|

Dividend Yield | 6.83% |

Dividend Growth(5Y)

DP

Div Incr Years

Div Non Decr Years

Ex-Date

Surprises & Revisions

EPS beat(2)

Avg EPS beat(2)

Min EPS beat(2)

Max EPS beat(2)

EPS beat(4)

Avg EPS beat(4)

Min EPS beat(4)

Max EPS beat(4)

EPS beat(8)

Avg EPS beat(8)

EPS beat(12)

Avg EPS beat(12)

EPS beat(16)

Avg EPS beat(16)

Revenue beat(2)

Avg Revenue beat(2)

Min Revenue beat(2)

Max Revenue beat(2)

Revenue beat(4)

Avg Revenue beat(4)

Min Revenue beat(4)

Max Revenue beat(4)

Revenue beat(8)

Avg Revenue beat(8)

Revenue beat(12)

Avg Revenue beat(12)

Revenue beat(16)

Avg Revenue beat(16)

PT rev (1m)

PT rev (3m)

EPS NQ rev (1m)

EPS NQ rev (3m)

EPS NY rev (1m)

EPS NY rev (3m)

Revenue NQ rev (1m)

Revenue NQ rev (3m)

Revenue NY rev (1m)

Revenue NY rev (3m)

Valuation

Industry Rank | Sector Rank | ||
---|---|---|---|

PE | 10.57 | ||

Fwd PE | 10.11 | ||

P/S | |||

P/FCF | |||

P/OCF | |||

P/B | |||

P/tB | |||

EV/EBITDA |

EPS(TTM)

EY

EPS(NY)

Fwd EY

FCF(TTM)

FCFY

OCF(TTM)

OCFY

SpS

BVpS

TBVpS

PEG (NY)2.29

PEG (5Y)3.36

Profitability

Industry Rank | Sector Rank | ||
---|---|---|---|

ROA | 0.96% | ||

ROE | 2.4% | ||

ROCE | |||

ROIC | |||

ROICexc | |||

ROICexgc | |||

OM | 66.41% | ||

PM (TTM) | 13.57% | ||

GM | 72.78% | ||

FCFM |

ROA(3y)

ROA(5y)

ROE(3y)

ROE(5y)

ROIC(3y)

ROIC(5y)

ROICexc(3y)

ROICexc(5y)

ROICexgc(3y)

ROICexgc(5y)

ROCE(3y)

ROCE(5y)

ROICexcg growth 3Y

ROICexcg growth 5Y

ROICexc growth 3Y

ROICexc growth 5Y

OM growth 3Y

OM growth 5Y

PM growth 3Y

PM growth 5Y

GM growth 3Y

GM growth 5Y

F-Score

Asset Turnover0.07

Health

Industry Rank | Sector Rank | ||
---|---|---|---|

Debt/Equity | 0.79 | ||

Debt/FCF | |||

Debt/EBITDA | |||

Cap/Depr | |||

Cap/Sales | |||

Interest Coverage | |||

Cash Conversion | |||

Profit Quality | |||

Current Ratio | 0.39 | ||

Quick Ratio | 0.39 | ||

Altman-Z |

F-Score

WACC

ROIC/WACC

Cap/Depr(3y)

Cap/Depr(5y)

Cap/Sales(3y)

Cap/Sales(5y)

Profit Quality(3y)

Profit Quality(5y)

High Growth Momentum

Growth

EPS 1Y (TTM)-2.4%

EPS 3Y6.15%

EPS 5Y

EPS Q2Q%

EPS Next Y4.61%

EPS Next 2Y

EPS Next 3Y

EPS Next 5Y

Revenue 1Y (TTM)-0.59%

Revenue growth 3Y2.88%

Revenue growth 5Y

Sales Q2Q%

Revenue Next Year

Revenue Next 2Y

Revenue Next 3Y

Revenue Next 5Y

EBIT growth 1Y

EBIT growth 3Y

EBIT growth 5Y

EBIT Next Year

EBIT Next 3Y

EBIT Next 5Y

FCF growth 1Y

FCF growth 3Y

FCF growth 5Y

OCF growth 1Y

OCF growth 3Y

OCF growth 5Y