LXP INDUSTRIAL TRUST (LXP) Stock Fundamental Analysis
NYSE:LXP - New York Stock Exchange, Inc. - US5290431015 - REIT - Currency: USD
Taking everything into account, LXP scores 4 out of 10 in our fundamental rating. LXP was compared to 129 industry peers in the Diversified REITs industry. LXP has a medium profitability rating, but doesn't score so well on its financial health evaluation. LXP is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
LXP had positive earnings in the past year.
LXP had a positive operating cash flow in the past year.
Each year in the past 5 years LXP has been profitable.
Each year in the past 5 years LXP had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 1.52%, LXP is doing good in the industry, outperforming 63.57% of the companies in the same industry.
LXP has a Return On Equity of 2.75%. This is comparable to the rest of the industry: LXP outperforms 58.14% of its industry peers.
LXP has a Return On Invested Capital of 1.34%. This is amonst the worse of the industry: LXP underperforms 81.40% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LXP is in line with the industry average of 3.15%.
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
LXP has a better Profit Margin (15.82%) than 68.22% of its industry peers.
In the last couple of years the Profit Margin of LXP has declined.
The Operating Margin of LXP (17.13%) is worse than 61.24% of its industry peers.
LXP's Operating Margin has declined in the last couple of years.
LXP has a better Gross Margin (83.67%) than 84.50% of its industry peers.
In the last couple of years the Gross Margin of LXP has remained more or less at the same level.
| 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.
Compared to 5 years ago, LXP has more shares outstanding
LXP has a better debt/assets ratio than last year.
2.2 Solvency
LXP has an Altman-Z score of 0.57. This is a bad value and indicates that LXP is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.57, LXP is in line with its industry, outperforming 51.16% of the companies in the same industry.
A Debt/Equity ratio of 0.73 indicates that LXP is somewhat dependend on debt financing.
LXP has a Debt to Equity ratio of 0.73. This is in the better half of the industry: LXP outperforms 74.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.57 |
ROIC/WACC0.2
WACC6.71%
2.3 Liquidity
LXP has a Current Ratio of 1.32. This is a normal value and indicates that LXP is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.32, LXP is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
LXP has a Quick Ratio of 1.32. This is a normal value and indicates that LXP is financially healthy and should not expect problems in meeting its short term obligations.
LXP's Quick ratio of 1.32 is fine compared to the rest of the industry. LXP outperforms 67.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.32 | ||
| Quick Ratio | 1.32 |
3. Growth
3.1 Past
LXP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 250.00%, which is quite impressive.
Measured over the past years, LXP shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -42.57% on average per year.
Looking at the last year, LXP shows a small growth in Revenue. The Revenue has grown by 5.67% in the last year.
Measured over the past years, LXP shows a small growth in Revenue. The Revenue has been growing by 1.92% on average per year.
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
LXP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.00% yearly.
Based on estimates for the next years, LXP will show a quite strong growth in Revenue. The Revenue will grow by 8.22% on average per year.
EPS Next Y-124.05%
EPS Next 2Y-1.92%
EPS Next 3Y13%
EPS Next 5YN/A
Revenue Next Year2.44%
Revenue Next 2Y4.75%
Revenue Next 3Y8.22%
Revenue Next 5YN/A
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 accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 61.29, which means the current valuation is very expensive for LXP.
The rest of the industry has a similar Price/Earnings ratio as LXP.
LXP's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.25.
Based on the Price/Forward Earnings ratio of 127.42, the valuation of LXP can be described as expensive.
LXP's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.15. LXP is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.29 | ||
| Fwd PE | 127.42 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LXP is valued a bit more expensive than 62.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.42 |
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 2Y-1.92%
EPS Next 3Y13%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.30%, LXP is a good candidate for dividend investing.
LXP's Dividend Yield is comparable with the industry average which is at 6.68.
Compared to an average S&P500 Dividend Yield of 2.38, LXP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.3% |
5.2 History
The dividend of LXP has a limited annual growth rate of 1.42%.
LXP has paid a dividend for at least 10 years, which is 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
LXP pays out 279.41% of its income as dividend. 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 2Y-1.92%
EPS Next 3Y13%
8.58
+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 Owners96.66%
Inst Owner Change0.94%
Ins Owners2.33%
Ins Owner Change12.88%
Market Cap2.54B
Analysts76
Price Target10.46 (21.91%)
Short Float %2.35%
Short Ratio2.45
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.3% |
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)-2.38%
PT rev (3m)-2.38%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)70.58%
EPS NY rev (3m)58.33%
Revenue NQ rev (1m)1.78%
Revenue NQ rev (3m)1.27%
Revenue NY rev (1m)1.57%
Revenue NY rev (3m)-0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 61.29 | ||
| Fwd PE | 127.42 | ||
| P/S | 7.03 | ||
| P/FCF | N/A | ||
| P/OCF | 12.01 | ||
| P/B | 1.22 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | 15.42 |
EPS(TTM)0.14
EY1.63%
EPS(NY)0.07
Fwd EY0.78%
FCF(TTM)-0.19
FCFYN/A
OCF(TTM)0.71
OCFY8.32%
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 | 0.57 |
F-Score7
WACC6.71%
ROIC/WACC0.2
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-124.05%
EPS Next 2Y-1.92%
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 Year2.44%
Revenue Next 2Y4.75%
Revenue Next 3Y8.22%
Revenue Next 5YN/A
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%