LXP INDUSTRIAL TRUST (LXP) Stock Fundamental Analysis
NYSE:LXP - New York Stock Exchange, Inc. - US5290431015 - REIT - Currency: USD
LXP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 128 industry peers in the Diversified REITs industry. There are concerns on the financial health of LXP while its profitability can be described as average. LXP is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year LXP was profitable.
LXP had a positive operating cash flow in the past year.
LXP had positive earnings in each of the past 5 years.
In the past 5 years LXP always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.52%, LXP is in the better half of the industry, outperforming 63.28% of the companies in the same industry.
LXP has a Return On Equity (2.75%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 1.34%, LXP is doing worse than 81.25% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for LXP is in line with the industry average of 3.14%.
The last Return On Invested Capital (1.34%) for LXP is above the 3 year average (1.18%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.52% | ||
| ROE | 2.75% | ||
| ROIC | 1.34% |
ROA(3y)1.4%
ROA(5y)3.73%
ROE(3y)2.48%
ROE(5y)6.56%
ROIC(3y)1.18%
ROIC(5y)1.51%
1.3 Margins
The Profit Margin of LXP (15.82%) is better than 67.97% of its industry peers.
In the last couple of years the Profit Margin of LXP has declined.
With a Operating Margin value of 17.13%, LXP is not doing good in the industry: 61.72% of the companies in the same industry are doing better.
LXP's Operating Margin has declined in the last couple of years.
LXP's Gross Margin of 83.67% is amongst the best of the industry. LXP outperforms 84.38% of its industry peers.
LXP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.13% | ||
| PM (TTM) | 15.82% | ||
| GM | 83.67% |
OM growth 3Y-9.4%
OM growth 5Y-10.91%
PM growth 3Y-54.08%
PM growth 5Y-33.89%
GM growth 3Y-1.19%
GM growth 5Y-0.97%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LXP is destroying value.
LXP has more shares outstanding than it did 1 year ago.
LXP has more shares outstanding than it did 5 years ago.
The debt/assets ratio for LXP has been reduced compared to a year ago.
2.2 Solvency
LXP has an Altman-Z score of 0.55. This is a bad value and indicates that LXP is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of LXP (0.55) is comparable to the rest of the industry.
LXP has a Debt/Equity ratio of 0.73. This is a neutral value indicating LXP is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.73, LXP is doing good in the industry, outperforming 74.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.55 |
ROIC/WACC0.17
WACC8.07%
2.3 Liquidity
A Current Ratio of 1.32 indicates that LXP should not have too much problems paying its short term obligations.
The Current ratio of LXP (1.32) is better than 66.41% of its industry peers.
A Quick Ratio of 1.32 indicates that LXP should not have too much problems paying its short term obligations.
The Quick ratio of LXP (1.32) is better than 67.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 250.00% over the past year.
The earnings per share for LXP have been decreasing by -42.57% on average. This is quite bad
LXP shows a small growth in Revenue. In the last year, the Revenue has grown by 5.67%.
LXP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.92% yearly.
EPS 1Y (TTM)250%
EPS 3Y-62.71%
EPS 5Y-42.57%
EPS Q2Q%700%
Revenue 1Y (TTM)5.67%
Revenue growth 3Y1.38%
Revenue growth 5Y1.92%
Sales Q2Q%3.03%
3.2 Future
Based on estimates for the next years, LXP will show a quite strong growth in Earnings Per Share. The EPS will grow by 13.00% on average per year.
LXP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.00% yearly.
EPS Next Y-119.23%
EPS Next 2Y0.5%
EPS Next 3Y13%
EPS Next 5YN/A
Revenue Next Year2.84%
Revenue Next 2Y5.04%
Revenue Next 3Y8.26%
Revenue Next 5Y9%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
A Price/Earnings ratio of 60.29 indicates a quite expensive valuation of LXP.
LXP's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.92. LXP is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 119.38 indicates a quite expensive valuation of LXP.
LXP's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.49. LXP is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.29 | ||
| Fwd PE | 119.38 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LXP indicates a slightly more expensive valuation: LXP is more expensive than 60.16% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.26 |
4.3 Compensation for Growth
LXP's earnings are expected to grow with 13.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.5%
EPS Next 3Y13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.39%, LXP is a good candidate for dividend investing.
LXP's Dividend Yield is comparable with the industry average which is at 6.79.
LXP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.39% |
5.2 History
The dividend of LXP has a limited annual growth rate of 1.42%.
LXP has been paying a dividend for at least 10 years, so it has a reliable track record.
LXP has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)1.42%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
279.41% of the earnings are spent on dividend by LXP. This is not a sustainable payout ratio.
The dividend of LXP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP279.41%
EPS Next 2Y0.5%
EPS Next 3Y13%
8.44
-0.01 (-0.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.91%
Inst Owner Change0.93%
Ins Owners2.43%
Ins Owner Change12.88%
Market Cap2.50B
Analysts76
Price Target10.71 (26.9%)
Short Float %1.92%
Short Ratio1.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.39% |
Yearly Dividend0.54
Dividend Growth(5Y)1.42%
DP279.41%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)520.79%
Min EPS beat(2)397.03%
Max EPS beat(2)644.55%
EPS beat(4)4
Avg EPS beat(4)278.57%
Min EPS beat(4)15.12%
Max EPS beat(4)644.55%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)11.15%
Min Revenue beat(2)4.4%
Max Revenue beat(2)17.9%
Revenue beat(4)3
Avg Revenue beat(4)5.69%
Min Revenue beat(4)-0.12%
Max Revenue beat(4)17.9%
Revenue beat(8)5
Avg Revenue beat(8)2.7%
Revenue beat(12)8
Avg Revenue beat(12)2.39%
Revenue beat(16)11
Avg Revenue beat(16)2.05%
PT rev (1m)2.44%
PT rev (3m)-2.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)20.04%
EPS NY rev (3m)76.48%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)1.92%
Revenue NY rev (1m)0.39%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 60.29 | ||
| Fwd PE | 119.38 | ||
| P/S | 6.91 | ||
| P/FCF | N/A | ||
| P/OCF | 11.82 | ||
| P/B | 1.2 | ||
| P/tB | 1.2 | ||
| EV/EBITDA | 15.26 |
EPS(TTM)0.14
EY1.66%
EPS(NY)0.07
Fwd EY0.84%
FCF(TTM)-0.19
FCFYN/A
OCF(TTM)0.71
OCFY8.46%
SpS1.22
BVpS7.02
TBVpS7.02
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.52% | ||
| ROE | 2.75% | ||
| ROCE | 1.7% | ||
| ROIC | 1.34% | ||
| ROICexc | 1.37% | ||
| ROICexgc | 1.38% | ||
| OM | 17.13% | ||
| PM (TTM) | 15.82% | ||
| GM | 83.67% | ||
| FCFM | N/A |
ROA(3y)1.4%
ROA(5y)3.73%
ROE(3y)2.48%
ROE(5y)6.56%
ROIC(3y)1.18%
ROIC(5y)1.51%
ROICexc(3y)1.22%
ROICexc(5y)1.57%
ROICexgc(3y)1.23%
ROICexgc(5y)1.58%
ROCE(3y)1.5%
ROCE(5y)1.91%
ROICexcg growth 3Y-7.65%
ROICexcg growth 5Y-12.79%
ROICexc growth 3Y-7.75%
ROICexc growth 5Y-12.83%
OM growth 3Y-9.4%
OM growth 5Y-10.91%
PM growth 3Y-54.08%
PM growth 5Y-33.89%
GM growth 3Y-1.19%
GM growth 5Y-0.97%
F-Score7
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.88 | ||
| Cap/Depr | 136.71% | ||
| Cap/Sales | 74.45% | ||
| Interest Coverage | 0.93 | ||
| Cash Conversion | 81.73% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 | ||
| Altman-Z | 0.55 |
F-Score7
WACC8.07%
ROIC/WACC0.17
Cap/Depr(3y)156.07%
Cap/Depr(5y)295.13%
Cap/Sales(3y)87.39%
Cap/Sales(5y)155.53%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)250%
EPS 3Y-62.71%
EPS 5Y-42.57%
EPS Q2Q%700%
EPS Next Y-119.23%
EPS Next 2Y0.5%
EPS Next 3Y13%
EPS Next 5YN/A
Revenue 1Y (TTM)5.67%
Revenue growth 3Y1.38%
Revenue growth 5Y1.92%
Sales Q2Q%3.03%
Revenue Next Year2.84%
Revenue Next 2Y5.04%
Revenue Next 3Y8.26%
Revenue Next 5Y9%
EBIT growth 1Y0.56%
EBIT growth 3Y-8.15%
EBIT growth 5Y-9.2%
EBIT Next Year446.99%
EBIT Next 3Y85.69%
EBIT Next 5YN/A
FCF growth 1Y57.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y11.36%
OCF growth 3Y-1.4%
OCF growth 5Y1.9%