KLEPIERRE (LI.PA)

FR0000121964 - REIT

24  +0.08 (+0.33%)

Fundamental Rating

4

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.



6

1. Profitability

1.1 Basic Checks

In the past year LI was profitable.
LI had a positive operating cash flow in the past year.
LI had positive earnings in 4 of the past 5 years.
LI had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

With a decent Return On Assets value of 0.85%, LI is doing good in the industry, outperforming 61.36% of the companies in the same industry.
The Return On Equity of LI (2.19%) is better than 61.36% of its industry peers.
LI has a better Return On Invested Capital (3.70%) than 68.18% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LI is in line with the industry average of 3.69%.
The 3 year average ROIC (3.44%) for LI is below the current ROIC(3.70%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.85%
ROE 2.19%
ROIC 3.7%
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

With a decent Profit Margin value of 11.98%, LI is doing good in the industry, outperforming 61.36% of the companies in the same industry.
LI's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 65.88%, LI perfoms like the industry average, outperforming 43.18% 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 has a Gross Margin (72.43%) which is comparable to the rest of the industry.
LI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 65.88%
PM (TTM) 11.98%
GM 72.43%
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

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LI is destroying value.
LI has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, LI has less shares outstanding
The debt/assets ratio for LI has been reduced compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of 0.74, we must say that LI is in the distress zone and has some risk of bankruptcy.
LI has a Altman-Z score of 0.74. This is in the lower half of the industry: LI underperforms 61.36% of its industry peers.
LI has a debt to FCF ratio of 11.22. This is a negative value and a sign of low solvency as LI would need 11.22 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 11.22, LI is doing good in the industry, outperforming 79.55% of the companies in the same industry.
LI has a Debt/Equity ratio of 1.01. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.01, LI is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF 11.22
Altman-Z 0.74
ROIC/WACC0.95
WACC3.9%

2.3 Liquidity

A Current Ratio of 0.35 indicates that LI may have some problems paying its short term obligations.
LI has a worse Current ratio (0.35) than 70.45% of its industry peers.
LI has a Quick Ratio of 0.35. 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 0.35, LI is doing worse than 65.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.35
Quick Ratio 0.35

1

3. Growth

3.1 Past

LI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -22.15%.
LI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.15% yearly.
LI shows a small growth in Revenue. In the last year, the Revenue has grown by 3.59%.
The Revenue has been decreasing by -1.50% on average over the past years.
EPS 1Y (TTM)-22.15%
EPS 3Y6.15%
EPS 5Y3.15%
EPS growth Q2Q-8.33%
Revenue 1Y (TTM)3.59%
Revenue growth 3Y2.88%
Revenue growth 5Y-1.5%
Revenue growth Q2Q0.65%

3.2 Future

Based on estimates for the next years, LI will show a decrease in Earnings Per Share. The EPS will decrease by -2.50% on average per year.
The Revenue is expected to decrease by -0.11% on average over the next years.
EPS Next Y4.08%
EPS Next 2Y2.81%
EPS Next 3Y2.4%
EPS Next 5Y-2.5%
Revenue Next Year3.27%
Revenue Next 2Y2.8%
Revenue Next 3Y2.74%
Revenue Next 5Y-0.11%

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

6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 10.04 indicates a reasonable valuation of LI.
81.82% 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 26.48, LI is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.45, the valuation of LI can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LI indicates a somewhat cheap valuation: LI is cheaper than 79.55% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of LI to the average of the S&P500 Index (22.79), we can say LI is valued rather cheaply.
Industry RankSector Rank
PE 10.04
Fwd PE 9.45

4.2 Price Multiples

65.91% of the companies in the same industry are more expensive than LI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 9.57
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)2.46
PEG (5Y)3.19
EPS Next 2Y2.81%
EPS Next 3Y2.4%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.43%, LI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 7.37, LI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.34, LI pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.43%

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's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DPN/A
EPS Next 2Y2.81%
EPS Next 3Y2.4%

KLEPIERRE

EPA:LI (3/28/2024, 7:00:00 PM)

24

+0.08 (+0.33%)

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 Cap6.86B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 7.43%
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 RankSector Rank
PE 10.04
Fwd PE 9.45
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)2.46
PEG (5Y)3.19
Profitability
Industry RankSector Rank
ROA 0.85%
ROE 2.19%
ROCE
ROIC
ROICexc
ROICexgc
OM 65.88%
PM (TTM) 11.98%
GM 72.43%
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 RankSector Rank
Debt/Equity 1.01
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.35
Quick Ratio 0.35
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)
Growth
EPS 1Y (TTM)-22.15%
EPS 3Y6.15%
EPS 5Y
EPS growth Q2Q
EPS Next Y4.08%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.59%
Revenue growth 3Y2.88%
Revenue growth 5Y
Revenue growth 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