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LCE

London City EquitiesASX:LCE Stock Report

Market Cap

AU$13.6m

7D

0%

1Y

4.7%

Updated

12 Sep, 2021

Data

Company Financials
LCE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health5/6
Dividends3/6

LCE Overview

London City Equities Limited is a publicly owned investment manager.

Price History & Performance

Summary of all time highs, changes and price drops for London City Equities
Historical stock prices
Current Share PriceAU$0.45
52 Week HighAU$0.45
52 Week LowAU$0.45
Beta0.021
1 Month Change0%
3 Month Changen/a
1 Year Change4.65%
3 Year Changen/a
5 Year Changen/a
Change since IPO61.54%

Recent News & Updates

Shareholder Returns

LCEAU Diversified FinancialAU Market
7D0%3.7%0.7%
1Y4.7%16.0%21.4%

Return vs Industry: LCE underperformed the Australian Diversified Financial industry which returned 8.5% over the past year.

Return vs Market: LCE underperformed the Australian Market which returned 27.6% over the past year.

Price Volatility

Is LCE's price volatile compared to industry and market?
LCE volatility
LCE Beta0.021
Industry Beta0.92
Market Beta1

Stable Share Price: Insufficient data to determine LCE's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine LCE's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
1986n/an/ahttps://www.londoncity.com.au

London City Equities Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia. London City Equities Limited was founded in 1986 and is based in Sydney, Australia.

London City Equities Fundamentals Summary

How do London City Equities's earnings and revenue compare to its market cap?
LCE fundamental statistics
Market CapAU$13.61m
Earnings (TTM)-AU$29.17k
Revenue (TTM)AU$558.89k

21.3x

P/S Ratio

-408.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LCE income statement (TTM)
RevenueAU$558.89k
Cost of RevenueAU$24.16k
Gross ProfitAU$534.73k
ExpensesAU$563.90k
Earnings-AU$29.17k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0011
Gross Margin95.68%
Net Profit Margin-5.22%
Debt/Equity Ratio0.0%

How did LCE perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

-1,248%

Payout Ratio

Does LCE pay a reliable dividends?

See LCE dividend history and benchmarks
When do you need to buy LCE by to receive an upcoming dividend?
London City Equities dividend dates
Ex Dividend DateOct 14 2021
Dividend Pay DateOct 22 2021
Days until Ex dividend8 days
Days until Dividend pay date0 days

Does LCE pay a reliable dividends?

See LCE dividend history and benchmarks

Valuation

Is London City Equities undervalued compared to its fair value and its price relative to the market?

0.84x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate LCE's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate LCE's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: LCE is unprofitable, so we can't compare its PE Ratio to the Australian Diversified Financial industry average.

PE vs Market: LCE is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LCE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LCE is good value based on its PB Ratio (0.8x) compared to the AU Diversified Financial industry average (1.5x).


Future Growth

How is London City Equities forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-20.0%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as London City Equities has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has London City Equities performed over the past 5 years?

29.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LCE is currently unprofitable.

Growing Profit Margin: LCE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LCE is unprofitable, but has reduced losses over the past 5 years at a rate of 29.8% per year.

Accelerating Growth: Unable to compare LCE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LCE is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (20%).


Return on Equity

High ROE: LCE has a negative Return on Equity (-0.18%), as it is currently unprofitable.


Financial Health

How is London City Equities's financial position?


Financial Position Analysis

Short Term Liabilities: LCE's short term assets (A$1.4M) exceed its short term liabilities (A$206.7K).

Long Term Liabilities: LCE's short term assets (A$1.4M) do not cover its long term liabilities (A$3.2M).


Debt to Equity History and Analysis

Debt Level: LCE is debt free.

Reducing Debt: LCE has not had any debt for past 5 years.

Debt Coverage: LCE has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: LCE has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is London City Equities's current dividend yield, its reliability and sustainability?

3.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LCE's dividend (3.06%) is higher than the bottom 25% of dividend payers in the Australian market (2.34%).

High Dividend: LCE's dividend (3.06%) is low compared to the top 25% of dividend payers in the Australian market (5.26%).


Stability and Growth of Payments

Stable Dividend: LCE's dividends per share have been stable in the past 10 years.

Growing Dividend: LCE's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: LCE is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

London City Equities has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 33.3%.


Top Shareholders

Company Information

London City Equities Limited's employee growth, exchange listings and data sources


Key Information

  • Name: London City Equities Limited
  • Ticker: LCE
  • Exchange: ASX
  • Founded: 1986
  • Industry: Multi-Sector Holdings
  • Sector: Diversified Financials
  • Market Cap: AU$13.606m
  • Shares outstanding: 30.23m
  • Website: https://www.londoncity.com.au

Location

  • London City Equities Limited
  • 111 Harrington Street
  • Suite 212
  • The Rocks
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/12 08:03
End of Day Share Price2021/06/15 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.