KLEPIERRE (LI.PA) Stock Fundamental Analysis
EPA:LI - Euronext Paris - Matif - FR0000121964 - REIT - Currency: EUR
We assign a fundamental rating of 4 out of 10 to LI. LI was compared to 42 industry peers in the Diversified REITs industry. While LI is still in line with the averages on profitability rating, there are concerns on its financial health. LI has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year LI was profitable.
In the past year LI had a positive cash flow from operations.
Of the past 5 years LI 4 years were profitable.
Each year in the past 5 years LI had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.20%, LI is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
The Return On Equity of LI (8.42%) is better than 80.00% of its industry peers.
LI's Return On Invested Capital of 3.68% is fine compared to the rest of the industry. LI outperforms 65.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LI is in line with the industry average of 3.65%.
The 3 year average ROIC (3.44%) for LI is below the current ROIC(3.68%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 8.42% | ||
| ROIC | 3.68% |
ROA(3y)1.83%
ROA(5y)0.67%
ROE(3y)4.62%
ROE(5y)1.51%
ROIC(3y)3.44%
ROIC(5y)3.28%
1.3 Margins
LI has a Profit Margin of 46.75%. This is in the better half of the industry: LI outperforms 75.00% of its industry peers.
In the last couple of years the Profit Margin of LI has declined.
Looking at the Operating Margin, with a value of 66.41%, LI is in line with its industry, outperforming 42.50% of the companies in the same industry.
In the last couple of years the Operating Margin of LI has remained more or less at the same level.
The Gross Margin of LI (72.65%) is comparable to the rest of the industry.
LI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 66.41% | ||
| PM (TTM) | 46.75% | ||
| GM | 72.65% |
OM growth 3Y3.66%
OM growth 5Y0.13%
PM growth 3YN/A
PM growth 5Y-24.35%
GM growth 3Y3.91%
GM growth 5Y-0.08%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LI is destroying value.
Compared to 1 year ago, LI has about the same amount of shares outstanding.
The number of shares outstanding for LI has been reduced compared to 5 years ago.
LI has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.80, we must say that LI is in the distress zone and has some risk of bankruptcy.
LI has a worse Altman-Z score (0.80) than 62.50% of its industry peers.
LI has a debt to FCF ratio of 10.82. This is a negative value and a sign of low solvency as LI would need 10.82 years to pay back of all of its debts.
LI has a Debt to FCF ratio of 10.82. This is in the better half of the industry: LI outperforms 72.50% of its industry peers.
LI has a Debt/Equity ratio of 0.99. This is a neutral value indicating LI is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.99, LI is not doing good in the industry: 72.50% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 10.82 | ||
| Altman-Z | 0.8 |
ROIC/WACC0.8
WACC4.58%
2.3 Liquidity
LI has a Current Ratio of 0.52. This is a bad value and indicates that LI is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.52, LI is in line with its industry, outperforming 50.00% of the companies in the same industry.
A Quick Ratio of 0.52 indicates that LI may have some problems paying its short term obligations.
LI has a Quick ratio of 0.52. This is comparable to the rest of the industry: LI outperforms 55.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
LI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.40%.
LI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.15% yearly.
LI shows a small growth in Revenue. In the last year, the Revenue has grown by 1.10%.
LI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.50% yearly.
EPS 1Y (TTM)-2.4%
EPS 3Y6.15%
EPS 5Y3.15%
EPS Q2Q%937.85%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y2.88%
Revenue growth 5Y-1.5%
Sales Q2Q%29%
3.2 Future
Based on estimates for the next years, LI will show a small growth in Earnings Per Share. The EPS will grow by 2.72% on average per year.
LI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.92% yearly.
EPS Next Y7.07%
EPS Next 2Y4.63%
EPS Next 3Y3.96%
EPS Next 5Y2.72%
Revenue Next Year5.77%
Revenue Next 2Y4.22%
Revenue Next 3Y3.55%
Revenue Next 5Y3.92%
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 stable.
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
LI is valuated reasonably with a Price/Earnings ratio of 11.78.
Based on the Price/Earnings ratio, LI is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of LI to the average of the S&P500 Index (28.47), we can say LI is valued rather cheaply.
With a Price/Forward Earnings ratio of 10.76, the valuation of LI can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LI is on the same level as its industry peers.
LI is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.74, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 10.76 |
4.2 Price Multiples
LI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.41 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
LI has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.67
PEG (5Y)3.75
EPS Next 2Y4.63%
EPS Next 3Y3.96%
5. Dividend
5.1 Amount
LI has a Yearly Dividend Yield of 6.33%, which is a nice return.
LI's Dividend Yield is a higher than the industry average which is at 7.06.
LI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.33% |
5.2 History
The dividend of LI decreases each year by -13.14%.
Dividend Growth(5Y)-13.14%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
39.47% of the earnings are spent on dividend by LI. This is a low number and sustainable payout ratio.
DP39.47%
EPS Next 2Y4.63%
EPS Next 3Y3.96%
KLEPIERRE
EPA:LI (2/5/2025, 5:35:15 PM)
28.74
+0.26 (+0.91%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners42.92%
Inst Owner ChangeN/A
Ins Owners0.05%
Ins Owner ChangeN/A
Market Cap8.24B
Analysts68.89
Price Target30.4 (5.78%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.33% |
Yearly Dividend0.91
Dividend Growth(5Y)-13.14%
DP39.47%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.42%
PT rev (3m)2.45%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.08%
EPS NY rev (3m)0.08%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.66%
Revenue NY rev (3m)0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 10.76 | ||
| P/S | 5.69 | ||
| P/FCF | 10.41 | ||
| P/OCF | 8.52 | ||
| P/B | 1.02 | ||
| P/tB | 1.09 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.44
EY8.49%
EPS(NY)2.67
Fwd EY9.29%
FCF(TTM)2.76
FCFY9.6%
OCF(TTM)3.37
OCFY11.74%
SpS5.05
BVpS28.04
TBVpS26.33
PEG (NY)1.67
PEG (5Y)3.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 8.42% | ||
| ROCE | 5.22% | ||
| ROIC | 3.68% | ||
| ROICexc | 3.87% | ||
| ROICexgc | 3.98% | ||
| OM | 66.41% | ||
| PM (TTM) | 46.75% | ||
| GM | 72.65% | ||
| FCFM | 54.64% |
ROA(3y)1.83%
ROA(5y)0.67%
ROE(3y)4.62%
ROE(5y)1.51%
ROIC(3y)3.44%
ROIC(5y)3.28%
ROICexc(3y)3.54%
ROICexc(5y)3.4%
ROICexgc(3y)3.64%
ROICexgc(5y)3.49%
ROCE(3y)4.91%
ROCE(5y)4.69%
ROICexcg growth 3Y9.98%
ROICexcg growth 5Y3.23%
ROICexc growth 3Y10.1%
ROICexc growth 5Y3.25%
OM growth 3Y3.66%
OM growth 5Y0.13%
PM growth 3YN/A
PM growth 5Y-24.35%
GM growth 3Y3.91%
GM growth 5Y-0.08%
F-Score7
Asset Turnover0.07
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 10.82 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | 12.17% | ||
| Interest Coverage | 5.83 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 116.88% | ||
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 | ||
| Altman-Z | 0.8 |
F-Score7
WACC4.58%
ROIC/WACC0.8
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)13.54%
Cap/Sales(5y)14.82%
Profit Quality(3y)227.71%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.4%
EPS 3Y6.15%
EPS 5Y3.15%
EPS Q2Q%937.85%
EPS Next Y7.07%
EPS Next 2Y4.63%
EPS Next 3Y3.96%
EPS Next 5Y2.72%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y2.88%
Revenue growth 5Y-1.5%
Sales Q2Q%29%
Revenue Next Year5.77%
Revenue Next 2Y4.22%
Revenue Next 3Y3.55%
Revenue Next 5Y3.92%
EBIT growth 1Y1.91%
EBIT growth 3Y6.64%
EBIT growth 5Y-1.37%
EBIT Next Year19.74%
EBIT Next 3Y8.09%
EBIT Next 5Y8.28%
FCF growth 1Y-4.21%
FCF growth 3Y7.72%
FCF growth 5Y1.32%
OCF growth 1Y-2.76%
OCF growth 3Y5.51%
OCF growth 5Y-1.76%