KLEPIERRE (LI.PA)
FR0000121964 - REIT
We assign a fundamental rating of 4 out of 10 to LI. LI was compared to 45 industry peers in the Diversified REITs industry. LI has a medium profitability rating, but doesn't score so well on its financial health evaluation. LI has a valuation in line with the averages, but it does not seem to be growing.
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.
In the past 5 years LI always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.20%, LI is doing good in the industry, outperforming 76.19% of the companies in the same industry.
LI has a better Return On Equity (8.42%) than 80.95% of its industry peers.
LI's Return On Invested Capital of 3.68% is fine compared to the rest of the industry. LI outperforms 66.67% 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 3.45%.
The last Return On Invested Capital (3.68%) for LI is above the 3 year average (3.44%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 8.42% | ||
| ROIC | 3.68% |
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
LI has a Profit Margin of 46.75%. This is in the better half of the industry: LI outperforms 76.19% of its industry peers.
In the last couple of years the Profit Margin of LI has declined.
With a Operating Margin value of 66.41%, LI perfoms like the industry average, outperforming 45.24% 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.
LI's Gross Margin of 72.65% is in line compared to the rest of the industry. LI outperforms 40.48% of its industry peers.
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) | 46.75% | ||
| GM | 72.65% |
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.
LI has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for LI has been reduced compared to 5 years ago.
LI has a better debt/assets ratio than last year.
2.2 Solvency
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.
Looking at the Altman-Z score, with a value of 0.80, LI is doing worse than 61.90% of the companies in the same industry.
The Debt to FCF ratio of LI is 10.82, which is on the high side as it means it would take LI, 10.82 years of fcf income to pay off all of its debts.
LI has a better Debt to FCF ratio (10.82) than 76.19% of its industry peers.
A Debt/Equity ratio of 0.99 indicates that LI is somewhat dependend on debt financing.
LI has a worse Debt to Equity ratio (0.99) than 73.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 10.82 | ||
| Altman-Z | 0.8 |
ROIC/WACC0.8
WACC4.59%
2.3 Liquidity
A Current Ratio of 0.52 indicates that LI may have some problems paying its short term obligations.
LI has a Current ratio (0.52) which is comparable to the rest of the industry.
A Quick Ratio of 0.52 indicates that LI may have some problems paying its short term obligations.
LI has a Quick ratio (0.52) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
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.
Looking at the last year, LI shows a small growth in Revenue. The Revenue has grown by 1.10% in the last 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%937.85%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y2.88%
Revenue growth 5Y-1.5%
Sales Q2Q%29%
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.
LI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.34% yearly.
EPS Next Y6.98%
EPS Next 2Y4.63%
EPS Next 3Y4.07%
EPS Next 5Y3.07%
Revenue Next Year5.08%
Revenue Next 2Y3.93%
Revenue Next 3Y3.44%
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
The Price/Earnings ratio is 11.84, which indicates a very decent valuation of LI.
69.05% of the companies in the same industry are more expensive than LI, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of LI to the average of the S&P500 Index (29.48), we can say LI is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.81, the valuation of LI can be described as reasonable.
The rest of the industry has a similar Price/Forward Earnings ratio as LI.
LI is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.84 | ||
| Fwd PE | 10.81 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as LI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.42 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
LI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of LI may justify a higher PE ratio.
PEG (NY)1.69
PEG (5Y)3.76
EPS Next 2Y4.63%
EPS Next 3Y4.07%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.32%, LI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.39, LI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.16, LI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.32% |
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 39.47% of its income as dividend. This is a sustainable payout ratio.
DP39.47%
EPS Next 2Y4.63%
EPS Next 3Y4.07%
KLEPIERRE
EPA:LI (12/6/2024, 7:00:00 PM)
28.88
+0.7 (+2.48%)
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 Cap8.25B
Analysts
Price Target
Short Float %
Short Ratio
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.32% |
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)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
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)
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 | 11.84 | ||
| Fwd PE | 10.81 | ||
| 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)1.69
PEG (5Y)3.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 8.42% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 66.41% | ||
| PM (TTM) | 46.75% | ||
| GM | 72.65% | ||
| 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 | 0.99 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| 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 Y6.98%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.1%
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