LXP INDUSTRIAL TRUST (LXP) Stock Fundamental Analysis
NYSE:LXP - New York Stock Exchange, Inc. - US5290431015 - REIT - Currency: USD
Overall LXP gets a fundamental rating of 4 out of 10. We evaluated LXP against 130 industry peers in the Diversified REITs industry. LXP has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, LXP is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
LXP had positive earnings in the past year.
In the past year LXP had a positive cash flow from operations.
LXP had positive earnings in each of the past 5 years.
LXP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 0.99%, LXP perfoms like the industry average, outperforming 56.15% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.81%, LXP is in line with its industry, outperforming 52.31% of the companies in the same industry.
With a Return On Invested Capital value of 1.38%, LXP is not doing good in the industry: 79.23% of the companies in the same industry are doing better.
LXP had an Average Return On Invested Capital over the past 3 years of 1.18%. This is in line with the industry average of 3.17%.
The last Return On Invested Capital (1.38%) for LXP is above the 3 year average (1.18%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.99% | ||
| ROE | 1.81% | ||
| ROIC | 1.38% |
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 (10.58%) is better than 62.31% of its industry peers.
LXP's Profit Margin has declined in the last couple of years.
LXP has a Operating Margin of 18.16%. This is in the lower half of the industry: LXP underperforms 60.77% of its industry peers.
In the last couple of years the Operating Margin of LXP has declined.
With an excellent Gross Margin value of 84.10%, LXP belongs to the best of the industry, outperforming 86.15% of the companies in the same industry.
LXP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.16% | ||
| PM (TTM) | 10.58% | ||
| GM | 84.1% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LXP is destroying value.
Compared to 1 year ago, LXP has more shares outstanding
The number of shares outstanding for LXP has been increased compared to 5 years ago.
The debt/assets ratio for LXP has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.49, we must say that LXP is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.49, LXP perfoms like the industry average, outperforming 47.69% of the companies in the same industry.
LXP has a Debt/Equity ratio of 0.75. This is a neutral value indicating LXP is somewhat dependend on debt financing.
LXP has a Debt to Equity ratio of 0.75. This is in the better half of the industry: LXP outperforms 73.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.49 |
ROIC/WACC0.2
WACC6.75%
2.3 Liquidity
A Current Ratio of 1.51 indicates that LXP should not have too much problems paying its short term obligations.
LXP's Current ratio of 1.51 is fine compared to the rest of the industry. LXP outperforms 64.62% of its industry peers.
LXP has a Quick Ratio of 1.51. 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 Quick ratio, with a value of 1.51, LXP is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
The earnings per share for LXP have decreased strongly by -12.50% in the last year.
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.
LXP shows a small growth in Revenue. In the last year, the Revenue has grown by 5.26%.
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)-12.5%
EPS 3Y-62.71%
EPS 5Y-42.57%
EPS Q2Q%175%
Revenue 1Y (TTM)5.26%
Revenue growth 3Y1.38%
Revenue growth 5Y1.92%
Sales Q2Q%21.9%
3.2 Future
The Earnings Per Share is expected to grow by 29.35% on average over the next years. This is a very strong growth
LXP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.70% yearly.
EPS Next Y-181.77%
EPS Next 2Y-20.93%
EPS Next 3Y29.35%
EPS Next 5YN/A
Revenue Next Year1.03%
Revenue Next 2Y4.53%
Revenue Next 3Y10.7%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 111.71, the valuation of LXP can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of LXP indicates a slightly more expensive valuation: LXP is more expensive than 61.54% of the companies listed in the same industry.
LXP is valuated expensively when we compare the Price/Earnings ratio to 28.79, which is the current average of the S&P500 Index.
LXP is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 111.71 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LXP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.47 |
4.3 Compensation for Growth
A more expensive valuation may be justified as LXP's earnings are expected to grow with 29.35% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-20.93%
EPS Next 3Y29.35%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.89%, LXP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 16.90, LXP pays a bit more dividend than its industry peers.
LXP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.47.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.89% |
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 last 3 years.
Dividend Growth(5Y)1.42%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
417.06% 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.
DP417.06%
EPS Next 2Y-20.93%
EPS Next 3Y29.35%
7.82
-0.02 (-0.26%)
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 Change0.07%
Ins Owners2.33%
Ins Owner Change12.88%
Market Cap2.31B
Analysts76
Price Target10.71 (36.96%)
Short Float %1.65%
Short Ratio1.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.89% |
Yearly Dividend0.54
Dividend Growth(5Y)1.42%
DP417.06%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)329.84%
Min EPS beat(2)15.12%
Max EPS beat(2)644.55%
EPS beat(4)4
Avg EPS beat(4)185.74%
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)9.25%
Min Revenue beat(2)0.6%
Max Revenue beat(2)17.9%
Revenue beat(4)3
Avg Revenue beat(4)5.72%
Min Revenue beat(4)-0.12%
Max Revenue beat(4)17.9%
Revenue beat(8)5
Avg Revenue beat(8)2.6%
Revenue beat(12)7
Avg Revenue beat(12)1.98%
Revenue beat(16)11
Avg Revenue beat(16)2.54%
PT rev (1m)0%
PT rev (3m)-2.27%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-41.67%
EPS NY rev (3m)-239.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.36%
Revenue NY rev (3m)-2.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 111.71 | ||
| Fwd PE | N/A | ||
| P/S | 6.45 | ||
| P/FCF | N/A | ||
| P/OCF | 10.95 | ||
| P/B | 1.1 | ||
| P/tB | 1.1 | ||
| EV/EBITDA | 14.47 |
EPS(TTM)0.07
EY0.9%
EPS(NY)-0.06
Fwd EYN/A
FCF(TTM)-0.25
FCFYN/A
OCF(TTM)0.71
OCFY9.13%
SpS1.21
BVpS7.1
TBVpS7.1
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.99% | ||
| ROE | 1.81% | ||
| ROCE | 1.75% | ||
| ROIC | 1.38% | ||
| ROICexc | 1.42% | ||
| ROICexgc | 1.43% | ||
| OM | 18.16% | ||
| PM (TTM) | 10.58% | ||
| GM | 84.1% | ||
| 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-Score8
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6 | ||
| Cap/Depr | 145.18% | ||
| Cap/Sales | 79.64% | ||
| Interest Coverage | 0.98 | ||
| Cash Conversion | 80.69% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.51 | ||
| Altman-Z | 0.49 |
F-Score8
WACC6.75%
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)-12.5%
EPS 3Y-62.71%
EPS 5Y-42.57%
EPS Q2Q%175%
EPS Next Y-181.77%
EPS Next 2Y-20.93%
EPS Next 3Y29.35%
EPS Next 5YN/A
Revenue 1Y (TTM)5.26%
Revenue growth 3Y1.38%
Revenue growth 5Y1.92%
Sales Q2Q%21.9%
Revenue Next Year1.03%
Revenue Next 2Y4.53%
Revenue Next 3Y10.7%
Revenue Next 5YN/A
EBIT growth 1Y4.74%
EBIT growth 3Y-8.15%
EBIT growth 5Y-9.2%
EBIT Next Year448.77%
EBIT Next 3Y88.68%
EBIT Next 5YN/A
FCF growth 1Y-233.37%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y0.83%
OCF growth 3Y-1.4%
OCF growth 5Y1.9%