Financials LondonMetric Property Plc

Equities

LMP

GB00B4WFW713

Commercial REITs

Market Closed - London S.E. 11:35:27 2024-04-26 am EDT 5-day change 1st Jan Change
196.3 GBX +0.82% Intraday chart for LondonMetric Property Plc +0.93% +2.51%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,391 1,476 1,934 2,681 1,713 4,001 - -
Enterprise Value (EV) 1 1,929 2,364 2,720 3,651 2,707 5,690 5,868 5,875
P/E ratio 11.7 x -251 x 7.49 x 3.52 x -3.39 x 38.5 x 12.1 x 9.36 x
Yield 4.11% 4.72% 4.05% 3.35% 5.41% 5.15% 5.77% 6.01%
Capitalization / Revenue 16.6 x 13.3 x 16.2 x 20.1 x 11.7 x 24.1 x 11 x 10.6 x
EV / Revenue 23 x 21.3 x 22.7 x 27.4 x 18.4 x 34.3 x 16.2 x 15.6 x
EV / EBITDA 29.4 x 23.1 x 24.4 x 30 x 20.1 x 36.9 x 16.5 x 15.9 x
EV / FCF 73.7 x 88.9 x 36.6 x 56.6 x 25 x 54.1 x - -
FCF Yield 1.36% 1.13% 2.73% 1.77% 4% 1.85% - -
Price to Book 1.14 x 1 x 1.11 x 1.05 x 0.86 x 0.98 x 0.94 x 0.9 x
Nbr of stocks (in thousands) 696,339 838,882 905,312 972,088 975,384 2,038,115 - -
Reference price 2 1.997 1.759 2.136 2.758 1.756 1.963 1.963 1.963
Announcement Date 5/23/19 6/10/20 5/27/21 5/26/22 5/24/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 83.89 111.1 119.7 133.1 146.8 165.8 363 376.2
EBITDA 1 65.66 102.5 111.4 121.8 134.4 154.3 354.7 370
EBIT 1 65.56 101.8 110.7 121.2 133.8 150.4 347.3 358.6
Operating Margin 78.15% 91.63% 92.48% 91.06% 91.14% 90.7% 95.67% 95.31%
Earnings before Tax (EBT) 1 119.5 -6.7 258.1 738.3 -507.5 69.75 386.8 475.8
Net income 1 119.7 -5.7 257.3 734.5 -506.3 44.68 379.5 469.9
Net margin 142.65% -5.13% 214.95% 551.84% -344.89% 26.94% 104.55% 124.89%
EPS 2 0.1710 -0.007000 0.2850 0.7840 -0.5180 0.0510 0.1617 0.2097
Free Cash Flow 1 26.17 26.6 74.3 64.5 108.3 105.1 - -
FCF margin 31.2% 23.94% 62.07% 48.46% 73.77% 63.4% - -
FCF Conversion (EBITDA) 39.86% 25.95% 66.7% 52.96% 80.58% 68.14% - -
FCF Conversion (Net income) 21.87% - 28.88% 8.78% - 235.29% - -
Dividend per Share 2 0.0820 0.0830 0.0865 0.0925 0.0950 0.1011 0.1132 0.1179
Announcement Date 5/23/19 6/10/20 5/27/21 5/26/22 5/24/23 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2022 S1 2023 S1 2024 S1
Net sales - - - - -
EBITDA - - - - -
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income - - - - -
Net margin - - - - -
EPS - - - - -
Dividend per Share 1 0.0400 0.0420 0.0440 0.0460 0.0480
Announcement Date 11/27/19 11/19/20 11/18/21 11/23/22 11/23/23
1GBP
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 538 889 786 970 994 1,689 1,867 1,874
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.198 x 8.67 x 7.057 x 7.965 x 7.396 x 10.95 x 5.263 x 5.066 x
Free Cash Flow 1 26.2 26.6 74.3 64.5 108 105 - -
ROE (net income / shareholders' equity) 5.15% 5.63% 5.41% 4.36% 4.47% 4.15% 6.95% 6.84%
ROA (Net income/ Total Assets) 3.35% 3.52% 3.39% 2.98% 3% 2.49% 4.12% 4.16%
Assets 1 3,572 -161.9 7,583 24,673 -16,860 1,792 9,223 11,309
Book Value Per Share 2 1.750 1.770 1.930 2.620 2.040 2.010 2.080 2.180
Cash Flow per Share 2 - - - - - 0.0500 0.1100 0.1100
Capex 1 28 18.1 25.3 55 24.7 19 - -
Capex / Sales 33.36% 16.29% 21.14% 41.32% 16.83% 11.46% - -
Announcement Date 5/23/19 6/10/20 5/27/21 5/26/22 5/24/23 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
1.963 GBP
Average target price
2.222 GBP
Spread / Average Target
+13.17%
Consensus

Annual profits - Rate of surprise

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