Klépierre, the European leader in shopping malls, combines development, property and asset management skills.
6 star dividend payer and good 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 -22.2% over the past year.
Return vs Market: LI underperformed the French Market which returned -17.6% 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
3 weeks ago | Simply Wall StShould You Worry About Klépierre SA's (EPA:LI) CEO Salary Level?
1 month ago | Simply Wall StVolatility 101: Should Klépierre (EPA:LI) Shares Have Dropped 32%?
2 months ago | Simply Wall StWith A 3.9% Return On Equity, Is Klépierre SA (EPA:LI) A Quality Stock?
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 (€18.28) is trading below our estimate of fair value (€49.65)
Significantly Below Fair Value: LI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LI is poor value based on its PE Ratio (16.5x) compared to the REITs industry average (7.7x).
PE vs Market: LI is poor value based on its PE Ratio (16.5x) compared to the French market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: LI is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: LI is good value based on its PB Ratio (0.5x) compared to the FR REITs industry average (0.8x).
How is Klépierre forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LI's forecast earnings growth (37.1% per year) is above the savings rate (-0.1%).
Earnings vs Market: LI's earnings (37.1% per year) are forecast to grow faster than the French market (12.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LI's revenue is expected to decline over the next 3 years (-7.7% per year).
High Growth Revenue: LI's revenue is forecast to decline over the next 3 years (-7.7% 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 (9.2%).
How has Klépierre performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LI has a large one-off loss of €482.2M impacting its December 31 2019 financial results.
Growing Profit Margin: LI's current net profit margins (19.9%) are lower than last year (50.6%).
Past Earnings Growth Analysis
Earnings Trend: LI's earnings have grown by 10.6% per year over the past 5 years.
Accelerating Growth: LI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LI had negative earnings growth (-61.3%) over the past year, making it difficult to compare to the REITs industry average (31.4%).
Return on Equity
High ROE: LI's Return on Equity (3%) is considered low.
How is Klépierre'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: LI has a high level of physical assets or inventory.
Debt Coverage by Assets: LI's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: LI's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if LI has a sufficient allowance for bad loans.
Low Risk Liabilities: LI reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if LI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: LI has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if LI has an appropriate level of bad loans.
What is Klépierre's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: LI's dividend (12.04%) is higher than the bottom 25% of dividend payers in the French market (2.03%).
High Dividend: LI's dividend (12.04%) is in the top 25% of dividend payers in the French market (6.33%)
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: With its reasonable payout ratio (59.4%), LI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LI's dividends in 3 years are forecast to be thoroughly covered by earnings (0.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jean-March Jestin (50yo)
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 ($USD2.51M) is about average for companies of similar size in the French market ($USD3.02M).
Compensation vs Earnings: Jean-March's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Chairman of the Executive Board||3.33yrs||€2.27m||0.022% €1.2m|
|Deputy CEO||22.17yrs||€1.68m||0.023% €1.2m|
|Chief Operating Officer||3.33yrs||no data||no data|
|Chief Investment Officer||2.17yrs||no data||no data|
|Group Head of Investor Relations & Financial Communication||no data||no data||no data|
|Chief Legal & Human Resources Officer||8.75yrs||no data||no data|
|Chief Communications Officer||3.33yrs||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|
|Chief Development Officer||no data||no data||no data|
Experienced Management: LI's management team is considered experienced (3.3 years average tenure).
|Not Independent Supervisory Board Chairman||8yrs||€97.80k||0.000020% €1.1k|
|Not Independent Supervisory Board Member||8yrs||€106.05k||0.000020% €1.1k|
|Independent Supervisory Board Member||7.25yrs||€86.40k||0.000020% €1.1k|
|Independent Supervisory Board Member||5.25yrs||€70.68k||0.000020% €1.1k|
|Not Independent Supervisory Board Member||1.92yrs||€37.26k||0.000030% €1.6k|
|Not Independent Supervisory Board Member||4.92yrs||€80.12k||0.000020% €1.1k|
|Independent Vice Chairman of the Board||3.17yrs||€83.66k||0.000030% €1.6k|
|Independent Supervisory Board Member||4yrs||€48.68k||0.000050% €2.7k|
|Independent Supervisory Board Member||3.92yrs||€48.68k||0.000020% €1.1k|
Experienced Board: LI's board of directors are considered experienced (4.9 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: €5.415b
- Shares outstanding: 288.74m
- 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 €23.7 billion at December 31, 2019 and comprises large shopping centers in 12 countries in Continental Europe which together host 1.1 billion visits per year. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris and is included in the CAC Next 20, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, FTSE4Good, STOXX Global ESG Leaders, Euronext Vigeo France 20 and World 120, and figures in CDP’s “A-list.” These distinctions underscore the Group’s commitment to a proactive sustainable development policy and its global leadership in the fight against climate change.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 21:00|
|End of Day Share Price||2020/03/30 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.