LEG IMMOBILIEN SE (LEG.DE) Stock Fundamental Analysis
FRA:LEG - Deutsche Boerse Ag - DE000LEG1110 - Common Stock - Currency: EUR
We assign a fundamental rating of 3 out of 10 to LEG. LEG was compared to 71 industry peers in the Real Estate Management & Development industry. LEG has a medium profitability rating, but doesn't score so well on its financial health evaluation. LEG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year LEG was profitable.
LEG had a positive operating cash flow in the past year.
Of the past 5 years LEG 4 years were profitable.
Each year in the past 5 years LEG had a positive operating cash flow.
1.2 Ratios
LEG has a Return On Assets (-2.98%) which is in line with its industry peers.
Looking at the Return On Equity, with a value of -8.03%, LEG is doing worse than 62.50% of the companies in the same industry.
LEG has a Return On Invested Capital of 1.50%. This is comparable to the rest of the industry: LEG outperforms 50.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LEG is below the industry average of 4.27%.
The 3 year average ROIC (1.33%) for LEG is below the current ROIC(1.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.98% | ||
| ROE | -8.03% | ||
| ROIC | 1.5% |
ROA(3y)0.44%
ROA(5y)3.31%
ROE(3y)0.28%
ROE(5y)6.63%
ROIC(3y)1.33%
ROIC(5y)1.4%
1.3 Margins
Looking at the Operating Margin, with a value of 44.13%, LEG is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
In the last couple of years the Operating Margin of LEG has declined.
LEG has a Gross Margin (47.60%) which is comparable to the rest of the industry.
LEG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.13% | ||
| PM (TTM) | N/A | ||
| GM | 47.6% |
OM growth 3Y-3.91%
OM growth 5Y-2.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.37%
GM growth 5Y-3.02%
2. Health
2.1 Basic Checks
LEG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for LEG remains at a similar level compared to 1 year ago.
The number of shares outstanding for LEG has been increased compared to 5 years ago.
Compared to 1 year ago, LEG has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.79, we must say that LEG is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.79, LEG is not doing good in the industry: 60.71% of the companies in the same industry are doing better.
The Debt to FCF ratio of LEG is 23.80, which is on the high side as it means it would take LEG, 23.80 years of fcf income to pay off all of its debts.
LEG's Debt to FCF ratio of 23.80 is fine compared to the rest of the industry. LEG outperforms 62.50% of its industry peers.
A Debt/Equity ratio of 1.09 is on the high side and indicates that LEG has dependencies on debt financing.
With a Debt to Equity ratio value of 1.09, LEG is not doing good in the industry: 69.64% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 23.8 | ||
| Altman-Z | 0.79 |
ROIC/WACC0.49
WACC3.04%
2.3 Liquidity
LEG has a Current Ratio of 0.48. This is a bad value and indicates that LEG is not financially healthy enough and could expect problems in meeting its short term obligations.
LEG has a Current ratio of 0.48. This is amonst the worse of the industry: LEG underperforms 83.93% of its industry peers.
LEG has a Quick Ratio of 0.48. This is a bad value and indicates that LEG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.47, LEG is not doing good in the industry: 69.64% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
LEG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 52.55%, which is quite impressive.
The Earnings Per Share has been growing slightly by 5.59% on average over the past years.
Looking at the last year, LEG shows a small growth in Revenue. The Revenue has grown by 3.41% in the last year.
LEG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.10% yearly.
EPS 1Y (TTM)52.55%
EPS 3Y-4.23%
EPS 5Y5.59%
EPS Q2Q%-23.36%
Revenue 1Y (TTM)3.41%
Revenue growth 3Y12.97%
Revenue growth 5Y10.1%
Sales Q2Q%3.2%
3.2 Future
Based on estimates for the next years, LEG will show a small growth in Earnings Per Share. The EPS will grow by 2.68% on average per year.
LEG is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.26% yearly.
EPS Next Y5.93%
EPS Next 2Y3.38%
EPS Next 3Y2.68%
EPS Next 5YN/A
Revenue Next Year-4.68%
Revenue Next 2Y-1.29%
Revenue Next 3Y-0.26%
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 decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
LEG is valuated correctly with a Price/Earnings ratio of 16.79.
Compared to the rest of the industry, the Price/Earnings ratio of LEG indicates a somewhat cheap valuation: LEG is cheaper than 69.64% of the companies listed in the same industry.
LEG's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.47.
A Price/Forward Earnings ratio of 13.37 indicates a correct valuation of LEG.
Based on the Price/Forward Earnings ratio, LEG is valued a bit cheaper than 64.29% of the companies in the same industry.
LEG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.79 | ||
| Fwd PE | 13.37 |
4.2 Price Multiples
LEG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LEG is cheaper than 60.71% of the companies in the same industry.
64.29% of the companies in the same industry are more expensive than LEG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.55 | ||
| EV/EBITDA | 26.43 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LEG does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.83
PEG (5Y)3.01
EPS Next 2Y3.38%
EPS Next 3Y2.68%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.10%, LEG has a reasonable but not impressive dividend return.
LEG's Dividend Yield is a higher than the industry average which is at 7.48.
LEG's Dividend Yield is a higher than the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of LEG are negative and hence is the payout ratio. LEG will probably not be able to sustain this dividend level.
DP-26.07%
EPS Next 2Y3.38%
EPS Next 3Y2.68%
LEG IMMOBILIEN SE
FRA:LEG (2/5/2025, 4:46:08 PM)
80.44
+2.18 (+2.79%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners72.4%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.99B
Analysts75
Price Target100.69 (25.17%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.1% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP-26.07%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-20.8%
Min EPS beat(2)-32.58%
Max EPS beat(2)-9.03%
EPS beat(4)1
Avg EPS beat(4)-10.15%
Min EPS beat(4)-32.58%
Max EPS beat(4)30.12%
EPS beat(8)1
Avg EPS beat(8)-29.9%
EPS beat(12)2
Avg EPS beat(12)-49.29%
EPS beat(16)3
Avg EPS beat(16)-31.64%
Revenue beat(2)1
Avg Revenue beat(2)16.12%
Min Revenue beat(2)-5.73%
Max Revenue beat(2)37.97%
Revenue beat(4)2
Avg Revenue beat(4)16.94%
Min Revenue beat(4)-7.26%
Max Revenue beat(4)42.79%
Revenue beat(8)4
Avg Revenue beat(8)11.64%
Revenue beat(12)8
Avg Revenue beat(12)21.27%
Revenue beat(16)12
Avg Revenue beat(16)20.24%
PT rev (1m)0.52%
PT rev (3m)3.77%
EPS NQ rev (1m)4.9%
EPS NQ rev (3m)15%
EPS NY rev (1m)1.47%
EPS NY rev (3m)1.47%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)1.81%
Revenue NY rev (1m)-3.57%
Revenue NY rev (3m)-3.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.79 | ||
| Fwd PE | 13.37 | ||
| P/S | 4.73 | ||
| P/FCF | 14.55 | ||
| P/OCF | 14 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 26.43 |
EPS(TTM)4.79
EY5.95%
EPS(NY)6.02
Fwd EY7.48%
FCF(TTM)5.53
FCFY6.87%
OCF(TTM)5.74
OCFY7.14%
SpS17
BVpS98.21
TBVpS98.16
PEG (NY)2.83
PEG (5Y)3.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.98% | ||
| ROE | -8.03% | ||
| ROCE | 3.21% | ||
| ROIC | 1.5% | ||
| ROICexc | 1.54% | ||
| ROICexgc | 1.54% | ||
| OM | 44.13% | ||
| PM (TTM) | N/A | ||
| GM | 47.6% | ||
| FCFM | 32.53% |
ROA(3y)0.44%
ROA(5y)3.31%
ROE(3y)0.28%
ROE(5y)6.63%
ROIC(3y)1.33%
ROIC(5y)1.4%
ROICexc(3y)1.36%
ROICexc(5y)1.43%
ROICexgc(3y)1.37%
ROICexgc(5y)1.44%
ROCE(3y)2.84%
ROCE(5y)2.99%
ROICexcg growth 3Y-0.67%
ROICexcg growth 5Y-4.46%
ROICexc growth 3Y-0.44%
ROICexc growth 5Y-4.3%
OM growth 3Y-3.91%
OM growth 5Y-2.06%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.37%
GM growth 5Y-3.02%
F-Score6
Asset Turnover0.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | 23.8 | ||
| Debt/EBITDA | 13.89 | ||
| Cap/Depr | 105.96% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 3.55 | ||
| Cash Conversion | 74.57% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.48 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 0.79 |
F-Score6
WACC3.04%
ROIC/WACC0.49
Cap/Depr(3y)59.11%
Cap/Depr(5y)51.14%
Cap/Sales(3y)3.07%
Cap/Sales(5y)2.44%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)52.55%
EPS 3Y-4.23%
EPS 5Y5.59%
EPS Q2Q%-23.36%
EPS Next Y5.93%
EPS Next 2Y3.38%
EPS Next 3Y2.68%
EPS Next 5YN/A
Revenue 1Y (TTM)3.41%
Revenue growth 3Y12.97%
Revenue growth 5Y10.1%
Sales Q2Q%3.2%
Revenue Next Year-4.68%
Revenue Next 2Y-1.29%
Revenue Next 3Y-0.26%
Revenue Next 5YN/A
EBIT growth 1Y-2.43%
EBIT growth 3Y8.54%
EBIT growth 5Y7.84%
EBIT Next Year60.22%
EBIT Next 3Y20.31%
EBIT Next 5YN/A
FCF growth 1Y46.24%
FCF growth 3Y11.67%
FCF growth 5Y8.96%
OCF growth 1Y20.37%
OCF growth 3Y11.16%
OCF growth 5Y9.19%