KLEPIERRE (LI.PA)
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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
LI had positive earnings in the past year.
In the past year LI had a positive cash flow from operations.
LI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years LI had a positive operating cash flow.
1.2 Ratios
The Return On Assets of LI (0.96%) is better than 62.79% of its industry peers.
LI has a Return On Equity of 2.40%. This is in the better half of the industry: LI outperforms 67.44% of its industry peers.
LI's Return On Invested Capital of 3.96% is fine compared to the rest of the industry. LI outperforms 76.74% of its industry peers.
LI had an Average Return On Invested Capital over the past 3 years of 3.44%. This is in line with the industry average of 3.51%.
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%
1.3 Margins
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 Profit Margin of LI has declined.
LI's Operating Margin of 66.41% is in line compared to the rest of the industry. LI outperforms 46.51% of its industry peers.
LI's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 72.78%, LI perfoms like the industry average, outperforming 41.86% of the companies in the same industry.
In the last couple of years the Gross Margin of LI has remained more or less at the same level.
| 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%
2. Health
2.1 Basic Checks
LI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for LI remains at a similar level compared to 1 year ago.
Compared to 5 years ago, LI has less shares outstanding
LI has a better debt/assets ratio than last year.
2.2 Solvency
LI has an Altman-Z score of 0.79. This is a bad value and indicates that LI is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.79, LI perfoms like the industry average, outperforming 44.19% of the companies in the same industry.
LI has a debt to FCF ratio of 10.86. This is a negative value and a sign of low solvency as LI would need 10.86 years to pay back of all of its debts.
LI has a better Debt to FCF ratio (10.86) than 74.42% of its industry peers.
A Debt/Equity ratio of 0.79 indicates that LI is somewhat dependend on debt financing.
LI has a Debt to Equity ratio (0.79) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 10.86 | ||
| Altman-Z | 0.79 |
ROIC/WACC0.89
WACC4.44%
2.3 Liquidity
A Current Ratio of 0.39 indicates that LI may have some problems paying its short term obligations.
With a Current ratio value of 0.39, LI is not doing good in the industry: 62.79% of the companies in the same industry are doing better.
LI has a Quick Ratio of 0.39. This is a bad value and indicates that LI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.39, LI is in line with its industry, outperforming 41.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.39 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
LI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.40%.
Measured over the past 5 years, LI shows a small growth in Earnings Per Share. The EPS has been growing by 3.15% on average per year.
The Revenue has decreased by -0.59% in the past year.
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%
3.2 Future
Based on estimates for the next years, LI will show a small growth in Earnings Per Share. The EPS will grow by 3.07% on average per year.
Based on estimates for the next years, LI will show a small growth in Revenue. The Revenue will grow by 4.34% on average per year.
EPS Next Y4.61%
EPS Next 2Y3.04%
EPS Next 3Y2.87%
EPS Next 5Y3.07%
Revenue Next Year4.65%
Revenue Next 2Y3.47%
Revenue Next 3Y3.2%
Revenue Next 5Y4.34%
3.3 Evolution
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 10.25, the valuation of LI can be described as reasonable.
90.70% of the companies in the same industry are more expensive than LI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 24.41, LI is valued rather cheaply.
A Price/Forward Earnings ratio of 9.80 indicates a reasonable valuation of LI.
LI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LI is cheaper than 65.12% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.59, LI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.25 | ||
| Fwd PE | 9.8 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, LI is valued a bit cheaper than 67.44% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.74 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
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.
LI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.22
PEG (5Y)3.26
EPS Next 2Y3.04%
EPS Next 3Y2.87%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.14%, LI is a good candidate for dividend investing.
LI's Dividend Yield is a higher than the industry average which is at 7.37.
LI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.14% |
5.2 History
The dividend of LI decreases each year by -13.14%.
Dividend Growth(5Y)-13.14%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LI pays out 134.15% of its income as dividend. This is not a sustainable payout ratio.
DP134.15%
EPS Next 2Y3.04%
EPS Next 3Y2.87%
KLEPIERRE
EPA:LI (7/26/2024, 7:00:00 PM)
25.02
-0.04 (-0.16%)
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 Cap7.15B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.14% |
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)
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EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | 10.25 | ||
| Fwd PE | 9.8 | ||
| 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)2.22
PEG (5Y)3.26
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