LXP INDUSTRIAL TRUST (LXP) Stock Fundamental Analysis
USA - NYSE:LXP - US5290431015 - REIT
9.21 USD
-0.04 (-0.43%)
9.21 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to LXP. LXP was compared to 129 industry peers in the Diversified REITs industry. While LXP is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
In the past 5 years LXP has always been profitable.
Each year in the past 5 years LXP had a positive operating cash flow.
1.2 Ratios
LXP has a better Return On Assets (2.17%) than 68.22% of its industry peers.
With a decent Return On Equity value of 3.91%, LXP is doing good in the industry, outperforming 61.24% of the companies in the same industry.
LXP has a worse Return On Invested Capital (1.36%) than 79.07% 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 3.04%.
The 3 year average ROIC (1.18%) for LXP is below the current ROIC(1.36%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 3.91% | ||
| ROIC | 1.36% |
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 Profit Margin of 22.26%. This is in the better half of the industry: LXP outperforms 75.97% of its industry peers.
In the last couple of years the Profit Margin of LXP has declined.
LXP has a Operating Margin of 17.09%. This is comparable to the rest of the industry: LXP outperforms 40.31% of its industry peers.
LXP's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 83.64%, LXP belongs to the top of the industry, outperforming 84.50% 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 | 17.09% | ||
| PM (TTM) | 22.26% | ||
| GM | 83.64% |
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.
LXP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, LXP has more shares outstanding
Compared to 1 year ago, LXP has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.65, we must say that LXP is in the distress zone and has some risk of bankruptcy.
LXP has a Altman-Z score of 0.65. This is comparable to the rest of the industry: LXP outperforms 59.69% of its industry peers.
LXP has a Debt/Equity ratio of 0.72. This is a neutral value indicating LXP is somewhat dependend on debt financing.
LXP has a Debt to Equity ratio of 0.72. This is in the better half of the industry: LXP outperforms 78.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.65 |
ROIC/WACC0.2
WACC6.66%
2.3 Liquidity
A Current Ratio of 1.33 indicates that LXP should not have too much problems paying its short term obligations.
LXP has a Current ratio (1.33) which is comparable to the rest of the industry.
LXP has a Quick Ratio of 1.33. This is a normal value and indicates that LXP is financially healthy and should not expect problems in meeting its short term obligations.
LXP has a Quick ratio of 1.33. This is comparable to the rest of the industry: LXP outperforms 59.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 300.00% over the past year.
LXP shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -42.57% yearly.
Looking at the last year, LXP shows a small growth in Revenue. The Revenue has grown by 6.64% in the last year.
The Revenue has been growing slightly by 1.92% on average over the past years.
EPS 1Y (TTM)300%
EPS 3Y-62.71%
EPS 5Y-42.57%
EPS Q2Q%1000%
Revenue 1Y (TTM)6.64%
Revenue growth 3Y1.38%
Revenue growth 5Y1.92%
Sales Q2Q%2.25%
3.2 Future
The Earnings Per Share is expected to grow by 65.09% on average over the next years. This is a very strong growth
LXP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.30% yearly.
EPS Next Y-49.5%
EPS Next 2Y-3.16%
EPS Next 3Y26.41%
EPS Next 5Y65.09%
Revenue Next Year2.99%
Revenue Next 2Y4.08%
Revenue Next 3Y6.87%
Revenue Next 5Y4.3%
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 38.38.
LXP's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of LXP to the average of the S&P500 Index (27.30), we can say LXP is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 140.29, the valuation of LXP can be described as expensive.
LXP's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of LXP to the average of the S&P500 Index (22.73), we can say LXP is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.38 | ||
| Fwd PE | 140.29 |
4.2 Price Multiples
LXP's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. LXP is more expensive than 61.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.82 |
4.3 Compensation for Growth
LXP has a very decent profitability rating, which may justify a higher PE ratio.
LXP's earnings are expected to grow with 26.41% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.16%
EPS Next 3Y26.41%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.93%, LXP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.63, LXP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.45, LXP pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.93% |
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.
As LXP did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)1.42%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
199.47% 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.
DP199.47%
EPS Next 2Y-3.16%
EPS Next 3Y26.41%
9.21
-0.04 (-0.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners96.83%
Inst Owner Change3.02%
Ins Owners2.44%
Ins Owner Change0.41%
Market Cap2.72B
Analysts78.18
Price Target10.61 (15.2%)
Short Float %3.77%
Short Ratio2.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.93% |
Yearly Dividend0.54
Dividend Growth(5Y)1.42%
DP199.47%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)582.76%
Min EPS beat(2)397.03%
Max EPS beat(2)768.48%
EPS beat(4)4
Avg EPS beat(4)456.3%
Min EPS beat(4)15.12%
Max EPS beat(4)768.48%
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)2.2%
Min Revenue beat(2)0%
Max Revenue beat(2)4.4%
Revenue beat(4)4
Avg Revenue beat(4)5.72%
Min Revenue beat(4)0%
Max Revenue beat(4)17.9%
Revenue beat(8)5
Avg Revenue beat(8)2.62%
Revenue beat(12)8
Avg Revenue beat(12)2.37%
Revenue beat(16)11
Avg Revenue beat(16)2.04%
PT rev (1m)-0.95%
PT rev (3m)-0.95%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)424.74%
EPS NY rev (3m)309.96%
Revenue NQ rev (1m)-0.84%
Revenue NQ rev (3m)0.96%
Revenue NY rev (1m)-0.87%
Revenue NY rev (3m)0.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.38 | ||
| Fwd PE | 140.29 | ||
| P/S | 7.5 | ||
| P/FCF | N/A | ||
| P/OCF | 12.55 | ||
| P/B | 1.32 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | 15.82 |
EPS(TTM)0.24
EY2.61%
EPS(NY)0.07
Fwd EY0.71%
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)0.73
OCFY7.97%
SpS1.23
BVpS6.98
TBVpS6.98
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.17% | ||
| ROE | 3.91% | ||
| ROCE | 1.72% | ||
| ROIC | 1.36% | ||
| ROICexc | 1.39% | ||
| ROICexgc | 1.4% | ||
| OM | 17.09% | ||
| PM (TTM) | 22.26% | ||
| GM | 83.64% | ||
| 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 Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.72 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 5.67 | ||
| Cap/Depr | 122.74% | ||
| Cap/Sales | 67.89% | ||
| Interest Coverage | 1 | ||
| Cash Conversion | 82.6% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z | 0.65 |
F-Score8
WACC6.66%
ROIC/WACC0.2
Cap/Depr(3y)154.48%
Cap/Depr(5y)294.17%
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)300%
EPS 3Y-62.71%
EPS 5Y-42.57%
EPS Q2Q%1000%
EPS Next Y-49.5%
EPS Next 2Y-3.16%
EPS Next 3Y26.41%
EPS Next 5Y65.09%
Revenue 1Y (TTM)6.64%
Revenue growth 3Y1.38%
Revenue growth 5Y1.92%
Sales Q2Q%2.25%
Revenue Next Year2.99%
Revenue Next 2Y4.08%
Revenue Next 3Y6.87%
Revenue Next 5Y4.3%
EBIT growth 1Y7.27%
EBIT growth 3Y-8.15%
EBIT growth 5Y-9.2%
EBIT Next Year447.09%
EBIT Next 3Y85.69%
EBIT Next 5Y47.67%
FCF growth 1Y21.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y13.25%
OCF growth 3Y-1.4%
OCF growth 5Y1.9%