ASX:LIC

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Lifestyle Communities

Executive Summary

Lifestyle Communities Limited, together with its subsidiaries, develops, owns, and manages affordable independent living residential land lease communities for working, semi-retired, or retired people in Australia. More Details


Snowflake Analysis

Reasonable growth potential with imperfect balance sheet.

Share Price & News

How has Lifestyle Communities's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LIC is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: LIC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

LIC

-1.1%

AU Real Estate

-1.1%

AU Market


1 Year Return

37.7%

LIC

-16.9%

AU Real Estate

1.7%

AU Market

Return vs Industry: LIC exceeded the Australian Real Estate industry which returned -16.9% over the past year.

Return vs Market: LIC exceeded the Australian Market which returned 1.7% over the past year.


Shareholder returns

LICIndustryMarket
7 Day0.7%-1.1%-1.1%
30 Day12.1%15.0%10.8%
90 Day23.6%17.2%8.1%
1 Year38.5%37.7%-15.0%-16.9%5.2%1.7%
3 Year133.3%128.0%4.5%-4.6%24.1%8.7%
5 Year378.5%359.7%37.0%14.8%58.8%26.5%

Long-Term Price Volatility Vs. Market

How volatile is Lifestyle Communities's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Lifestyle Communities undervalued compared to its fair value and its price relative to the market?

27.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LIC (A$11.4) is trading above our estimate of fair value (A$0.98)

Significantly Below Fair Value: LIC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LIC is poor value based on its PE Ratio (27.8x) compared to the AU Real Estate industry average (27x).

PE vs Market: LIC is poor value based on its PE Ratio (27.8x) compared to the Australian market (22.5x).


Price to Earnings Growth Ratio

PEG Ratio: LIC is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: LIC is overvalued based on its PB Ratio (4.1x) compared to the AU Real Estate industry average (0.9x).


Next Steps

Future Growth

How is Lifestyle Communities forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

20.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LIC's forecast earnings growth (20.7% per year) is above the savings rate (2.3%).

Earnings vs Market: LIC's earnings (20.7% per year) are forecast to grow faster than the Australian market (17.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LIC's revenue (19.5% per year) is forecast to grow faster than the Australian market (5.1% per year).

High Growth Revenue: LIC's revenue (19.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LIC's Return on Equity is forecast to be low in 3 years time (17%).


Next Steps

Past Performance

How has Lifestyle Communities performed over the past 5 years?

23.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LIC has a large one-off gain of A$38.9M impacting its June 30 2020 financial results.

Growing Profit Margin: LIC's current net profit margins (33.5%) are lower than last year (38.2%).


Past Earnings Growth Analysis

Earnings Trend: LIC's earnings have grown significantly by 23.7% per year over the past 5 years.

Accelerating Growth: LIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LIC had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Real Estate industry average (-39.6%).


Return on Equity

High ROE: LIC's Return on Equity (14.7%) is considered low.


Next Steps

Financial Health

How is Lifestyle Communities's financial position?


Financial Position Analysis

Short Term Liabilities: LIC's short term assets (A$63.1M) exceed its short term liabilities (A$35.1M).

Long Term Liabilities: LIC's short term assets (A$63.1M) do not cover its long term liabilities (A$270.2M).


Debt to Equity History and Analysis

Debt Level: LIC's debt to equity ratio (49.8%) is considered high.

Reducing Debt: LIC's debt to equity ratio has increased from 32.2% to 49.8% over the past 5 years.

Debt Coverage: LIC's debt is not well covered by operating cash flow (3.9%).

Interest Coverage: LIC's interest payments on its debt are well covered by EBIT (23.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Lifestyle Communities's current dividend yield, its reliability and sustainability?

0.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LIC's dividend (0.44%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.05%).

High Dividend: LIC's dividend (0.44%) is low compared to the top 25% of dividend payers in the Australian market (5.06%).


Stability and Growth of Payments

Stable Dividend: LIC is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.

Growing Dividend: LIC is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: LIC is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LIC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

James Kelly

13.25yrs

Tenure

AU$644,000

Compensation

Mr. James Kelly, B. Bldg is a Founding Member of Lifestyle Communities Ltd and has been its Managing Director and Director since September 2007 and May 2007 respectively. Mr. Kelly has over 30 years experi...


CEO Compensation Analysis

Compensation vs Market: James's total compensation ($USD475.42K) is below average for companies of similar size in the Australian market ($USD923.33K).

Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Kelly
Founder13.25yrsAU$644.00k8.7%
A$ 104.9m
Darren Rowland
CFO & Joint Company Secretary2.5yrsAU$411.00k0%
A$ 0
Simon Goninon
Head of Community Operations0.92yrAU$162.84kno data
Richard Parker
Head of Sales4.92yrsAU$375.00k0%
A$ 0
Chris Paranthoiene
Head of Development & Acquisitionno dataAU$398.00k0%
A$ 0
Yvonne Slater
Head of Development & Delivery2.92yrsAU$324.00k0%
A$ 0
Monika Pilekic
Head of Marketing1.92yrsno datano data
Simône de Harpe
Head of People & Capabilityno datano datano data
Melissa Norris
Joint Company Secretary0.25yrno datano data

2.5yrs

Average Tenure

Experienced Management: LIC's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Kelly
Founder13.25yrsAU$644.00k8.7%
A$ 104.9m
David Blight
Non Executive Director2.5yrsAU$81.00k0.0048%
A$ 57.8k
Mark Blackburn
Non-Executive Director1yrAU$49.00k0.0023%
A$ 27.7k
Philippa Kelly
Independent Non-Executive Chairman1.33yrsAU$122.00k0.072%
A$ 867.0k
Nicola Roxon
Non-Executive Director3.25yrsAU$84.00k0.0057%
A$ 69.4k
Georgina Williams
Non-Executive Director3.25yrsAU$80.00k0.0077%
A$ 92.5k

2.9yrs

Average Tenure

Experienced Board: LIC's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Lifestyle Communities Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lifestyle Communities Limited
  • Ticker: LIC
  • Exchange: ASX
  • Founded: 2003
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: AU$1.206b
  • Shares outstanding: 104.35m
  • Website: https://www.lifestylecommunities.com.au

Number of Employees


Location

  • Lifestyle Communities Limited
  • 9-17 Raglan Street
  • Level 1
  • Melbourne
  • Victoria
  • 3205
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LICASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2007
LICCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2007
LCOM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2007

Biography

Lifestyle Communities Limited, together with its subsidiaries, develops, owns, and manages affordable independent living residential land lease communities for working, semi-retired, or retired people in A...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 07:03
End of Day Share Price2020/12/03 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.