ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. More Details
Proven track record with mediocre balance sheet.
Share Price & News
How has ALE Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LEP is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: LEP's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: LEP matched the Australian REITs industry which returned 28.9% over the past year.
Return vs Market: LEP exceeded the Australian Market which returned 26% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is ALE Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StALE Property Group (ASX:LEP) insiders who sold earlier this year missed out on a 18% increase in the stock last week
5 months ago | Simply Wall StDo Insiders Own Lots Of Shares In ALE Property Group (ASX:LEP)?
9 months ago | Simply Wall StShareholders Of ALE Property Group (ASX:LEP) Must Be Happy With Their 49% Return
Is ALE Property Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LEP (A$5.62) is trading above our estimate of fair value (A$3.58)
Significantly Below Fair Value: LEP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LEP is good value based on its PE Ratio (6.3x) compared to the Australian REITs industry average (9.6x).
PE vs Market: LEP is good value based on its PE Ratio (6.3x) compared to the Australian market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: LEP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: LEP is overvalued based on its PB Ratio (1.5x) compared to the AU REITs industry average (1.2x).
How is ALE Property Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LEP's earnings are forecast to decline over the next 3 years (-30.5% per year).
Earnings vs Market: LEP's earnings are forecast to decline over the next 3 years (-30.5% per year).
High Growth Earnings: LEP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: LEP's revenue (1.9% per year) is forecast to grow slower than the Australian market (5.4% per year).
High Growth Revenue: LEP's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LEP's Return on Equity is forecast to be low in 3 years time (4.3%).
How has ALE Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LEP has a large one-off gain of A$145.5M impacting its June 30 2021 financial results.
Growing Profit Margin: LEP's current net profit margins are higher than last year (32.6%).
Past Earnings Growth Analysis
Earnings Trend: LEP's earnings have declined by 6.2% per year over the past 5 years.
Accelerating Growth: LEP's earnings growth over the past year (794.8%) exceeds its 5-year average (-6.2% per year).
Earnings vs Industry: LEP earnings growth over the past year (794.8%) exceeded the REITs industry 103.4%.
Return on Equity
High ROE: LEP's Return on Equity (24.1%) is considered high.
How is ALE Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: LEP's short term assets (A$114.5M) exceed its short term liabilities (A$27.1M).
Long Term Liabilities: LEP's short term assets (A$114.5M) do not cover its long term liabilities (A$569.9M).
Debt to Equity History and Analysis
Debt Level: LEP's debt to equity ratio (76.7%) is considered high.
Reducing Debt: LEP's debt to equity ratio has reduced from 101.9% to 76.7% over the past 5 years.
Debt Coverage: LEP's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: LEP's interest payments on its debt are well covered by EBIT (3.3x coverage).
What is ALE Property Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: LEP's dividend (1.96%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.36%).
High Dividend: LEP's dividend (1.96%) is low compared to the top 25% of dividend payers in the Australian market (5.46%).
Stability and Growth of Payments
Stable Dividend: LEP's dividend payments have been volatile in the past 10 years.
Growing Dividend: LEP's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.1%), LEP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LEP's dividends in 3 years are not forecast to be well covered by earnings (135% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Guy Farrands (58 yo)
Mr. Guy Farrands, BE, Grad Dip Man, FAPI, MAICD, has been Chief Executive Officer, Managing Director and Director at ALE Property Group since October 01, 2020. Mr. Farrands serves as an Independent Non-Exe...
CEO Compensation Analysis
Compensation vs Market: Guy's total compensation ($USD559.07K) is below average for companies of similar size in the Australian market ($USD945.08K).
Compensation vs Earnings: Insufficient data to compare Guy's compensation with company performance.
Experienced Board: LEP's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
ALE Property Group's company bio, employee growth, exchange listings and data sources
- Name: ALE Property Group
- Ticker: LEP
- Exchange: ASX
- Founded: 2003
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: AU$1.126b
- Shares outstanding: 200.41m
- Website: https://www.alegroup.com.au
- ALE Property Group
- 264-278 George Street
- Suite 28.02
- New South Wales
ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. Established in November 2003, ALE owns a portfolio of around 86 pub properties across the five mainlan...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 08:05|
|End of Day Share Price||2021/09/22 00:00|
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.