Klépierre, the European leader in shopping malls, combines development, property and asset management skills. More Details
6 star dividend payer and fair value.
Share Price & News
How has Klépierre's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LI underperformed the French REITs industry which returned -33.8% over the past year.
Return vs Market: LI underperformed the French Market which returned -7.2% over the past year.
Price Volatility Vs. Market
How volatile is Klépierre's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall StHere's What We Learnt About The CEO Pay At Klépierre SA (EPA:LI)
3 months ago | Simply Wall StIf You Had Bought Klépierre (EPA:LI) Stock Five Years Ago, You'd Be Sitting On A 56% Loss, Today
4 months ago | Simply Wall StWhat Kind Of Shareholders Own Klépierre SA (EPA:LI)?
Is Klépierre 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: LI (€11.42) is trading below our estimate of fair value (€50.76)
Significantly Below Fair Value: LI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LI is unprofitable, so we can't compare its PE Ratio to the FR REITs industry average.
PE vs Market: LI is unprofitable, so we can't compare its PE Ratio to the French market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LI is good value based on its PB Ratio (0.4x) compared to the FR REITs industry average (0.7x).
How is Klépierre forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.6%).
Earnings vs Market: LI is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: LI's is expected to become profitable in the next 3 years.
Revenue vs Market: LI's revenue is expected to decline over the next 3 years (-0.8% per year).
High Growth Revenue: LI's revenue is forecast to decline over the next 3 years (-0.8% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LI's Return on Equity is forecast to be low in 3 years time (8.3%).
How has Klépierre performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LI is currently unprofitable.
Growing Profit Margin: LI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LI is unprofitable, and losses have increased over the past 5 years at a rate of 2% per year.
Accelerating Growth: Unable to compare LI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LI is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (13.2%).
Return on Equity
High ROE: LI has a negative Return on Equity (-0.43%), as it is currently unprofitable.
How is Klépierre's financial position?
Financial Position Analysis
Short Term Liabilities: LI's short term assets (€1.5B) do not cover its short term liabilities (€4.0B).
Long Term Liabilities: LI's short term assets (€1.5B) do not cover its long term liabilities (€9.1B).
Debt to Equity History and Analysis
Debt Level: LI's debt to equity ratio (89.1%) is considered high.
Reducing Debt: LI's debt to equity ratio has reduced from 136.4% to 89.1% over the past 5 years.
Debt Coverage: LI's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: LI is unprofitable, therefore interest payments are not well covered by earnings.
What is Klépierre current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LI's dividend (19.27%) is higher than the bottom 25% of dividend payers in the French market (1.54%).
High Dividend: LI's dividend (19.27%) is in the top 25% of dividend payers in the French market (5.01%)
Stability and Growth of Payments
Stable Dividend: LI's dividends per share have been stable in the past 10 years.
Growing Dividend: LI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.6%), LI's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LI's dividends in 3 years are forecast to be covered by earnings (70.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jean-March Jestin (51 yo)
Mr. Jean-March Jestin has been Chairman of the Klepierre Executive Board since November 2016, after serving as Chief Operating Officer and Member of the Klepierre Executive Board since October 2012. Previo ...
CEO Compensation Analysis
Compensation vs Market: Jean-March's total compensation ($USD2.87M) is above average for companies of similar size in the French market ($USD1.61M).
Compensation vs Earnings: Jean-March's compensation has increased whilst the company is unprofitable.
|Chairman of the Executive Board||3.83yrs||€2.43m||0.030% |
|Deputy CEO & Member of Executive Board||15.25yrs||€1.71m||0.025% |
|Chief Operating Officer||3.83yrs||no data||no data|
|Chief Investment Officer||2.67yrs||no data||no data|
|Group Head of Investor Relations & Financial Communication||no data||no data||no data|
|Chief Legal Officer||no data||no data||no data|
|Chief Development Officer||3.67yrs||no data||no data|
|Head of Marketing Arcades / France||no data||no data||no data|
|Head of Southeast Development||no data||no data||no data|
|Managing Director for France-Belgium||2.67yrs||no data||no data|
|Group Head of Corporate & Internal Communications||no data||no data||no data|
|Head of Leasing||2yrs||no data||no data|
Experienced Management: LI's management team is considered experienced (3.7 years average tenure).
|Non Independent Supervisory Board Chairman||8.5yrs||€98.12k||0.000020% |
|Not Independent Supervisory Board Member||8.5yrs||€103.69k||0.000020% |
|Independent Supervisory Board Member||7.75yrs||€93.35k||0.000020% |
|Independent Supervisory Board Member||5.75yrs||€69.23k||0.000020% |
|Not Independent Supervisory Board Member||2.42yrs||€54.12k||0.000040% |
|Not Independent Supervisory Board Member||5.42yrs||€74.80k||0.000020% |
|Independent Vice Chairwoman of the Board||3.67yrs||€86.46k||0.000040% |
|Independent Supervisory Board Member||4.58yrs||€54.12k||0.000050% |
|Independent Supervisory Board Member||4.42yrs||€50.67k||0.000020% |
Experienced Board: LI's board of directors are considered experienced (5.4 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Klépierre SA's company bio, employee growth, exchange listings and data sources
- Name: Klépierre SA
- Ticker: LI
- Exchange: ENXTPA
- Founded: 1968
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: €3.256b
- Shares outstanding: 285.23m
- Website: https://www.klepierre.com
Number of Employees
- Klépierre SA
- 26 boulevard des Capucines
- CS 20062
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KLPE.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|LI||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jan 1992|
|KPR||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0F4I||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|LIP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
Klépierre, the European leader in shopping malls, combines development, property and asset management skills. The company’s portfolio is valued at €22.8 billion at June 30, 2020 and comprises large shoppin ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/09/20 02:53|
|End of Day Share Price||2020/09/18 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.