LXP INDUSTRIAL TRUST (LXP) Stock Fundamental Analysis
NYSE:LXP - New York Stock Exchange, Inc. - US5290431015 - REIT - Currency: USD
We assign a fundamental rating of 4 out of 10 to LXP. LXP was compared to 129 industry peers in the Diversified REITs industry. There are concerns on the financial health of LXP while its profitability can be described as average. While showing a medium growth rate, LXP is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year LXP was profitable.
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
LXP has a Return On Assets of 0.99%. This is comparable to the rest of the industry: LXP outperforms 56.59% of its industry peers.
LXP has a Return On Equity of 1.81%. This is comparable to the rest of the industry: LXP outperforms 51.94% of its industry peers.
LXP has a Return On Invested Capital of 1.38%. This is in the lower half of the industry: LXP underperforms 79.84% of its industry peers.
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 3 year average ROIC (1.18%) for LXP is below the current ROIC(1.38%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 10.58%, LXP is doing good in the industry, outperforming 62.79% of the companies in the same industry.
In the last couple of years the Profit Margin of LXP has declined.
LXP has a Operating Margin (18.16%) which is comparable to the rest of the industry.
LXP's Operating Margin has declined in the last couple of years.
LXP's Gross Margin of 84.10% is amongst the best of the industry. LXP outperforms 86.05% 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 | 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
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 0.51. This is a bad value and indicates that LXP is not financially healthy and even has some risk of bankruptcy.
LXP has a Altman-Z score of 0.51. This is comparable to the rest of the industry: LXP outperforms 48.84% of its industry peers.
LXP has a Debt/Equity ratio of 0.75. This is a neutral value indicating LXP is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.75, LXP is doing good in the industry, outperforming 74.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.51 |
ROIC/WACC0.2
WACC6.77%
2.3 Liquidity
A Current Ratio of 1.51 indicates that LXP should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.51, LXP is in the better half of the industry, outperforming 65.89% of the companies in the same industry.
A Quick Ratio of 1.51 indicates that LXP should not have too much problems paying its short term obligations.
The Quick ratio of LXP (1.51) is better than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.51 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 500.00% over the past 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.
The Revenue has been growing slightly by 5.27% in the past year.
The Revenue has been growing slightly by 1.92% on average over the past years.
EPS 1Y (TTM)500%
EPS 3Y-62.71%
EPS 5Y-42.57%
EPS Q2Q%1700%
Revenue 1Y (TTM)5.27%
Revenue growth 3Y1.38%
Revenue growth 5Y1.92%
Sales Q2Q%3.02%
3.2 Future
Based on estimates for the next years, LXP will show a very strong growth in Earnings Per Share. The EPS will grow by 29.35% on average per year.
The Revenue is expected to grow by 7.80% on average over the next years.
EPS Next Y-181.77%
EPS Next 2Y-20.93%
EPS Next 3Y29.35%
EPS Next 5YN/A
Revenue Next Year0.86%
Revenue Next 2Y4.42%
Revenue Next 3Y7.8%
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.
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
LXP is valuated quite expensively with a Price/Earnings ratio of 34.25.
The rest of the industry has a similar Price/Earnings ratio as LXP.
The average S&P500 Price/Earnings ratio is at 24.12. LXP is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 187.83, LXP can be considered very expensive at the moment.
LXP's Price/Forward Earnings is on the same level as the industry average.
LXP is valuated expensively when we compare the Price/Forward Earnings ratio to 20.42, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.25 | ||
| Fwd PE | 187.83 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as LXP.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.75 |
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 6.77%, LXP is a good candidate for dividend investing.
LXP's Dividend Yield is a higher than the industry average which is at 6.70.
LXP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.77% |
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
LXP pays out 417.06% of its income as dividend. This is not a sustainable payout ratio.
LXP's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP417.06%
EPS Next 2Y-20.93%
EPS Next 3Y29.35%
8.22
+0.13 (+1.61%)
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 Change-1.41%
Ins Owners2.33%
Ins Owner Change12.88%
Market Cap2.43B
Analysts76
Price Target10.46 (27.25%)
Short Float %2.12%
Short Ratio2.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.77% |
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)-2.33%
PT rev (3m)-2.33%
EPS NQ rev (1m)-100%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-70.03%
Revenue NQ rev (1m)0.21%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.17%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.25 | ||
| Fwd PE | 187.83 | ||
| P/S | 6.78 | ||
| P/FCF | N/A | ||
| P/OCF | 11.51 | ||
| P/B | 1.16 | ||
| P/tB | 1.16 | ||
| EV/EBITDA | 14.75 |
EPS(TTM)0.24
EY2.92%
EPS(NY)0.04
Fwd EY0.53%
FCF(TTM)-0.25
FCFYN/A
OCF(TTM)0.71
OCFY8.69%
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 | 0.51 |
F-Score8
WACC6.77%
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)500%
EPS 3Y-62.71%
EPS 5Y-42.57%
EPS Q2Q%1700%
EPS Next Y-181.77%
EPS Next 2Y-20.93%
EPS Next 3Y29.35%
EPS Next 5YN/A
Revenue 1Y (TTM)5.27%
Revenue growth 3Y1.38%
Revenue growth 5Y1.92%
Sales Q2Q%3.02%
Revenue Next Year0.86%
Revenue Next 2Y4.42%
Revenue Next 3Y7.8%
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%