KLEPIERRE (LI.PA)
FR0000121964 - REIT
LI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 44 industry peers in the Diversified REITs industry. There are concerns on the financial health of LI while its profitability can be described as average. LI has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
LI had positive earnings in the past year.
LI had a positive operating cash flow in the past year.
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
With a decent Return On Assets value of 3.20%, LI is doing good in the industry, outperforming 75.61% of the companies in the same industry.
LI's Return On Equity of 8.42% is amongst the best of the industry. LI outperforms 80.49% of its industry peers.
LI has a Return On Invested Capital of 3.68%. This is in the better half of the industry: LI outperforms 65.85% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LI is in line with the industry average of 3.47%.
The last Return On Invested Capital (3.68%) for LI is above the 3 year average (3.44%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 46.75%, LI is in the better half of the industry, outperforming 75.61% of the companies in the same industry.
In the last couple of years the Profit Margin of LI has declined.
LI has a Operating Margin of 66.41%. This is comparable to the rest of the industry: LI outperforms 43.90% of its industry peers.
In the last couple of years the Operating Margin of LI has remained more or less at the same level.
LI's Gross Margin of 72.65% is in line compared to the rest of the industry. LI outperforms 41.46% of its industry peers.
In the last couple of years the Gross Margin of LI has remained more or less at the same level.
| 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
LI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, LI has about the same amount of shares outstanding.
LI has less shares outstanding than it did 5 years ago.
LI has a better debt/assets ratio than last year.
2.2 Solvency
LI has an Altman-Z score of 0.80. This is a bad value and indicates that LI is not financially healthy and even has some risk of bankruptcy.
LI's Altman-Z score of 0.80 is on the low side compared to the rest of the industry. LI is outperformed by 63.41% 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.
With a decent Debt to FCF ratio value of 10.82, LI is doing good in the industry, outperforming 75.61% of the companies in the same industry.
A Debt/Equity ratio of 0.99 indicates that LI is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.99, LI is doing worse than 73.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 10.82 | ||
| Altman-Z | 0.8 |
ROIC/WACC0.8
WACC4.59%
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.
LI has a Current ratio of 0.52. This is comparable to the rest of the industry: LI outperforms 51.22% of its industry peers.
A Quick Ratio of 0.52 indicates that LI may have some problems paying its short term obligations.
LI has a Quick ratio (0.52) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.52 | ||
| Quick Ratio | 0.52 |
3. Growth
3.1 Past
The earnings per share for LI have decreased by -2.40% in the last year.
LI shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.15% yearly.
The Revenue has been growing slightly by 1.10% in the past year.
Measured over the past years, LI shows a decrease in Revenue. The Revenue has been decreasing by -1.50% on average per year.
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
The Earnings Per Share is expected to grow by 2.72% on average over the next years.
LI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.92% yearly.
EPS Next Y6.98%
EPS Next 2Y4.63%
EPS Next 3Y4.07%
EPS Next 5Y2.72%
Revenue Next Year5.08%
Revenue Next 2Y3.93%
Revenue Next 3Y3.44%
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 11.40.
Compared to the rest of the industry, the Price/Earnings ratio of LI indicates a somewhat cheap valuation: LI is cheaper than 68.29% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.55, LI is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.42, the valuation of LI can be described as reasonable.
LI's Price/Forward Earnings is on the same level as the industry average.
LI is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.00, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.4 | ||
| Fwd PE | 10.42 |
4.2 Price Multiples
The rest of the industry has a similar Price/Free Cash Flow ratio as LI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.08 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
LI's 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)1.63
PEG (5Y)3.63
EPS Next 2Y4.63%
EPS Next 3Y4.07%
5. Dividend
5.1 Amount
LI has a Yearly Dividend Yield of 6.53%, which is a nice return.
Compared to an average industry Dividend Yield of 7.82, LI pays a bit more dividend than its industry peers.
LI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.53% |
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
LI pays out 39.47% of its income as dividend. This is a sustainable payout ratio.
DP39.47%
EPS Next 2Y4.63%
EPS Next 3Y4.07%
KLEPIERRE
EPA:LI (12/24/2024, 7:00:00 PM)
27.82
+0.06 (+0.22%)
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 Cap7.98B
Analysts69.63
Price Target30.29 (8.88%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.53% |
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)2.08%
PT rev (3m)8.98%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.23%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.4 | ||
| Fwd PE | 10.42 | ||
| P/S | 5.51 | ||
| P/FCF | 10.08 | ||
| P/OCF | 8.25 | ||
| P/B | 0.99 | ||
| P/tB | 1.06 | ||
| EV/EBITDA | N/A |
EPS(TTM)2.44
EY8.77%
EPS(NY)2.67
Fwd EY9.6%
FCF(TTM)2.76
FCFY9.92%
OCF(TTM)3.37
OCFY12.13%
SpS5.05
BVpS28.04
TBVpS26.33
PEG (NY)1.63
PEG (5Y)3.63
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
WACC4.59%
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 Y6.98%
EPS Next 2Y4.63%
EPS Next 3Y4.07%
EPS Next 5Y2.72%
Revenue 1Y (TTM)1.1%
Revenue growth 3Y2.88%
Revenue growth 5Y-1.5%
Sales Q2Q%29%
Revenue Next Year5.08%
Revenue Next 2Y3.93%
Revenue Next 3Y3.44%
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%