LEG IMMOBILIEN SE (LEG.DE) Stock Fundamental Analysis
FRA:LEG - Deutsche Boerse Ag - DE000LEG1110 - Common Stock - Currency: EUR
Taking everything into account, LEG scores 4 out of 10 in our fundamental rating. LEG was compared to 66 industry peers in the Real Estate Management & Development industry. There are concerns on the financial health of LEG while its profitability can be described as average. LEG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
LEG had positive earnings in the past year.
In the past year LEG had a positive cash flow from operations.
LEG had positive earnings in 4 of the past 5 years.
LEG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LEG has a better Return On Assets (0.34%) than 62.12% of its industry peers.
LEG's Return On Equity of 0.90% is fine compared to the rest of the industry. LEG outperforms 60.61% of its industry peers.
LEG has a Return On Invested Capital of 1.88%. This is comparable to the rest of the industry: LEG outperforms 57.58% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LEG is below the industry average of 4.31%.
The last Return On Invested Capital (1.88%) for LEG is above the 3 year average (1.76%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 0.9% | ||
| ROIC | 1.88% |
ROA(3y)-2.23%
ROA(5y)2.11%
ROE(3y)-5.85%
ROE(5y)4.04%
ROIC(3y)1.76%
ROIC(5y)1.7%
1.3 Margins
Looking at the Profit Margin, with a value of 5.06%, LEG is in the better half of the industry, outperforming 69.70% of the companies in the same industry.
In the last couple of years the Profit Margin of LEG has declined.
Looking at the Operating Margin, with a value of 44.53%, LEG is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
LEG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 48.60%, LEG is in line with its industry, outperforming 56.06% of the companies in the same industry.
LEG's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.53% | ||
| PM (TTM) | 5.06% | ||
| GM | 48.6% |
OM growth 3Y-4.69%
OM growth 5Y-2.56%
PM growth 3Y-69.54%
PM growth 5Y-45.04%
GM growth 3Y-4.06%
GM growth 5Y-2.36%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LEG is destroying value.
The number of shares outstanding for LEG has been increased compared to 1 year ago.
LEG has more shares outstanding than it did 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 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Debt to FCF ratio of LEG is 23.27, which is on the high side as it means it would take LEG, 23.27 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 23.27, LEG is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
LEG has a Debt/Equity ratio of 1.06. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.06, LEG is not doing good in the industry: 62.12% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 23.27 | ||
| Altman-Z | 0.79 |
ROIC/WACC0.57
WACC3.3%
2.3 Liquidity
A Current Ratio of 0.47 indicates that LEG may have some problems paying its short term obligations.
LEG has a Current ratio of 0.47. This is in the lower half of the industry: LEG underperforms 71.21% of its industry peers.
A Quick Ratio of 0.46 indicates that LEG may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.46, LEG is doing worse than 62.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
The earnings per share for LEG have decreased by -6.75% in the last year.
The Earnings Per Share has been decreasing by -3.40% on average over the past years.
The Revenue has been growing slightly by 5.03% in the past year.
LEG shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.00% yearly.
EPS 1Y (TTM)-6.75%
EPS 3Y23.02%
EPS 5Y-3.4%
EPS Q2Q%28.75%
Revenue 1Y (TTM)5.03%
Revenue growth 3Y10.71%
Revenue growth 5Y10%
Sales Q2Q%2.28%
3.2 Future
The Earnings Per Share is expected to grow by 9.33% on average over the next years. This is quite good.
LEG is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.00% yearly.
EPS Next Y14.8%
EPS Next 2Y8.58%
EPS Next 3Y9.33%
EPS Next 5YN/A
Revenue Next Year18.62%
Revenue Next 2Y11.99%
Revenue Next 3Y10%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 14.08, LEG is valued correctly.
74.24% of the companies in the same industry are more expensive than LEG, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.79. LEG is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 12.26, the valuation of LEG can be described as correct.
Based on the Price/Forward Earnings ratio, LEG is valued a bit cheaper than the industry average as 74.24% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of LEG to the average of the S&P500 Index (21.38), we can say LEG is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.08 | ||
| Fwd PE | 12.26 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LEG is valued a bit cheaper than 65.15% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LEG indicates a somewhat cheap valuation: LEG is cheaper than 69.70% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.18 | ||
| EV/EBITDA | 24.78 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.95
PEG (5Y)N/A
EPS Next 2Y8.58%
EPS Next 3Y9.33%
5. Dividend
5.1 Amount
LEG has a Yearly Dividend Yield of 3.66%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 7.18, LEG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.47, LEG pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.66% |
5.2 History
The dividend of LEG decreases each year by -9.38%.
Dividend Growth(5Y)-9.38%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
LEG pays out 232.12% of its income as dividend. This is not a sustainable payout ratio.
DP232.12%
EPS Next 2Y8.58%
EPS Next 3Y9.33%
FRA:LEG (4/25/2025, 7:00:00 PM)
73.9
+0.2 (+0.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners64.56%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.50B
Analysts75.83
Price Target90.75 (22.8%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.66% |
Yearly Dividend2.06
Dividend Growth(5Y)-9.38%
DP232.12%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3.42%
Min EPS beat(2)-32.58%
Max EPS beat(2)39.41%
EPS beat(4)1
Avg EPS beat(4)-7.83%
Min EPS beat(4)-32.58%
Max EPS beat(4)39.41%
EPS beat(8)2
Avg EPS beat(8)-4.64%
EPS beat(12)3
Avg EPS beat(12)-35.86%
EPS beat(16)3
Avg EPS beat(16)-40.16%
Revenue beat(2)0
Avg Revenue beat(2)-6.2%
Min Revenue beat(2)-6.68%
Max Revenue beat(2)-5.73%
Revenue beat(4)2
Avg Revenue beat(4)17.09%
Min Revenue beat(4)-6.68%
Max Revenue beat(4)42.79%
Revenue beat(8)3
Avg Revenue beat(8)6.3%
Revenue beat(12)7
Avg Revenue beat(12)17.24%
Revenue beat(16)11
Avg Revenue beat(16)17.6%
PT rev (1m)-10.32%
PT rev (3m)-9.41%
EPS NQ rev (1m)-0.26%
EPS NQ rev (3m)2.81%
EPS NY rev (1m)0.53%
EPS NY rev (3m)2.65%
Revenue NQ rev (1m)-0.28%
Revenue NQ rev (3m)0.97%
Revenue NY rev (1m)8.66%
Revenue NY rev (3m)13.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.08 | ||
| Fwd PE | 12.26 | ||
| P/S | 4.22 | ||
| P/FCF | 13.18 | ||
| P/OCF | 12.61 | ||
| P/B | 0.75 | ||
| P/tB | 0.75 | ||
| EV/EBITDA | 24.78 |
EPS(TTM)5.25
EY7.1%
EPS(NY)6.03
Fwd EY8.16%
FCF(TTM)5.61
FCFY7.59%
OCF(TTM)5.86
OCFY7.93%
SpS17.5
BVpS98.99
TBVpS98.9
PEG (NY)0.95
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.34% | ||
| ROE | 0.9% | ||
| ROCE | 3.35% | ||
| ROIC | 1.88% | ||
| ROICexc | 1.92% | ||
| ROICexgc | 1.92% | ||
| OM | 44.53% | ||
| PM (TTM) | 5.06% | ||
| GM | 48.6% | ||
| FCFM | 32.05% |
ROA(3y)-2.23%
ROA(5y)2.11%
ROE(3y)-5.85%
ROE(5y)4.04%
ROIC(3y)1.76%
ROIC(5y)1.7%
ROICexc(3y)1.79%
ROICexc(5y)1.74%
ROICexgc(3y)1.79%
ROICexgc(5y)1.75%
ROCE(3y)3.13%
ROCE(5y)3.03%
ROICexcg growth 3Y6.99%
ROICexcg growth 5Y-0.28%
ROICexc growth 3Y7.57%
ROICexc growth 5Y-0.05%
OM growth 3Y-4.69%
OM growth 5Y-2.56%
PM growth 3Y-69.54%
PM growth 5Y-45.04%
GM growth 3Y-4.06%
GM growth 5Y-2.36%
F-Score8
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 23.27 | ||
| Debt/EBITDA | 12.95 | ||
| Cap/Depr | 87.44% | ||
| Cap/Sales | 1.44% | ||
| Interest Coverage | 3.63 | ||
| Cash Conversion | 72.52% | ||
| Profit Quality | 632.88% | ||
| Current Ratio | 0.47 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | 0.79 |
F-Score8
WACC3.3%
ROIC/WACC0.57
Cap/Depr(3y)67.45%
Cap/Depr(5y)56.65%
Cap/Sales(3y)3.16%
Cap/Sales(5y)2.49%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6.75%
EPS 3Y23.02%
EPS 5Y-3.4%
EPS Q2Q%28.75%
EPS Next Y14.8%
EPS Next 2Y8.58%
EPS Next 3Y9.33%
EPS Next 5YN/A
Revenue 1Y (TTM)5.03%
Revenue growth 3Y10.71%
Revenue growth 5Y10%
Sales Q2Q%2.28%
Revenue Next Year18.62%
Revenue Next 2Y11.99%
Revenue Next 3Y10%
Revenue Next 5YN/A
EBIT growth 1Y1.01%
EBIT growth 3Y5.52%
EBIT growth 5Y7.18%
EBIT Next Year9.87%
EBIT Next 3Y6.46%
EBIT Next 5YN/A
FCF growth 1Y-3.4%
FCF growth 3Y6.85%
FCF growth 5Y6.25%
OCF growth 1Y-2.55%
OCF growth 3Y7.26%
OCF growth 5Y6.53%