LMIR Trust is a Singapore-based real estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes.
Good value with acceptable track record.
Share Price & News
How has Lippo Malls Indonesia Retail Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3HJ has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 3HJ underperformed the German REITs industry which returned 44.7% over the past year.
Return vs Market: 3HJ underperformed the German Market which returned 15% over the past year.
Price Volatility Vs. Market
How volatile is Lippo Malls Indonesia Retail Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Lippo Malls Indonesia Retail Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3HJ (€0.14) is trading below our estimate of fair value (€0.36)
Significantly Below Fair Value: 3HJ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3HJ is poor value based on its PE Ratio (13.1x) compared to the REITs industry average (9.6x).
PE vs Market: 3HJ is good value based on its PE Ratio (13.1x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 3HJ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 3HJ is good value based on its PB Ratio (0.6x) compared to the DE REITs industry average (1.7x).
How is Lippo Malls Indonesia Retail Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate 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 Lippo Malls Indonesia Retail Trust 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.
- Examine whether Lippo Malls Indonesia Retail Trust is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Lippo Malls Indonesia Retail Trust competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has Lippo Malls Indonesia Retail Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3HJ has high quality earnings.
Growing Profit Margin: 3HJ's current net profit margins (18.5%) are higher than last year (14.2%).
Past Earnings Growth Analysis
Earnings Trend: 3HJ's earnings have declined by -7.8% per year over the past 5 years.
Accelerating Growth: 3HJ's earnings growth over the past year (60.9%) exceeds its 5-year average (-7.8% per year).
Earnings vs Industry: 3HJ earnings growth over the past year (60.9%) underperformed the REITs industry 96.7%.
Return on Equity
High ROE: 3HJ's Return on Equity (5.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Lippo Malls Indonesia Retail Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: 3HJ has a high level of physical assets or inventory.
Debt Coverage by Assets: 3HJ's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: 3HJ's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if 3HJ has a sufficient allowance for bad loans.
Low Risk Liabilities: 3HJ reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if 3HJ has an acceptable proportion of non-loan assets held.
Low Risk Deposits: 3HJ has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if 3HJ has an appropriate level of bad loans.
What is Lippo Malls Indonesia Retail Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 3HJ's dividend (9.11%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: 3HJ's dividend (9.11%) is in the top 25% of dividend payers in the German market (3.59%)
Stability and Growth of Payments
Stable Dividend: 3HJ's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3HJ's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.1%), 3HJ's dividend payments are covered by earnings.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
James Liew (47yo)
Mr. Chee Seng Liew, also known as James, serves as Chief Executive Officer at Lippo Malls Indonesia Retail Trust since May 2019 and as its Executive Director since December 31, 2019. He was Deputy Chief Ex ...
|Executive Director & CEO||0.8yrs||no data||no data|
|Chief Financial Officer - LMIRT Management Ltd||2.6yrs||no data||no data|
|Director of Legal & Compliance - LMIRT Management Ltd||2.1yrs||no data||no data|
|Director of Asset Management & Business Development - LMIRT Management Ltd||2.1yrs||no data||no data|
|Financial Controller of LMIRT Management Ltd||1.1yrs||no data||no data|
|Company Secretary of LMIRT Management Ltd.||0.5yrs||no data||no data|
Experienced Management: 3HJ's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|Executive Director & CEO||0.8yrs||no data||no data|
|Independent Director - LMIRT Management Ltd||8.5yrs||S$85.00k||no data|
|Non-Executive & Non-Independent Director||1.3yrs||no data||no data|
|Independent Director - LMIRT Management Ltd||8.4yrs||S$75.50k||no data|
|Independent Chairman of the Board & Lead Independent Director of LMIRT Management Ltd.||0.2yrs||no data||no data|
Experienced Board: 3HJ's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lippo Malls Indonesia Retail Trust's company bio, employee growth, exchange listings and data sources
- Name: Lippo Malls Indonesia Retail Trust
- Ticker: 3HJ
- Exchange: DB
- Founded: 2007
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$651.353m
- Listing Market Cap: S$431.547m
- Shares outstanding: 2.89b
- Website: https://www.lmir-trust.com
- Lippo Malls Indonesia Retail Trust
- 50 Collyer Quay
- No 06-07 OUE Bayfront
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|D5IU||SGX (Singapore Exchange)||Yes||Units||SG||SGD||Nov 2007|
|3HJ||DB (Deutsche Boerse AG)||Yes||Units||DE||EUR||Nov 2007|
|LPMD.F||OTCPK (Pink Sheets LLC)||Yes||Units||US||USD||Nov 2007|
LMIR Trust is a Singapore-based real estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes. LMIR Trust’s current asset portfolio comprises 23 retail malls (“Retail Malls”) and seven retail spaces located within other retail malls (“Retail Spaces”, and collectively with the Retail Malls, the “Properties”). The Properties have a total net lettable area of 910,749 square metres and total valuation of Rp19,514.1 billion as at 31 December 2018, and are strategically located in major cities of Indonesia with large middle-income population. Tenants include leading names such as Matahari Department Store, Zara, M&S, H&M, Sogo, Giant, Hypermart, Carrefour, Ace Hardware, as well as international specialty tenants such as Victoria’s Secret, Promod, McDonalds, Pizza Hut, Kentucky Fried Chicken, A&W, Fitness First and Starbucks.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 21:21|
|End of Day Share Price||2020/02/14 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.