Lok'nStore Group
Market Cap
UK£152.1m
Last Updated
2020/10/27 20:45 UTC
Data Sources
Company Financials +
Executive Summary
Lok'nStore Group Plc develops and operates self-storage centers primarily in Southern England. More Details
Rewards
Risk Analysis
Dividend of 2.29% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Adequate balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has Lok'nStore Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LOK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-7.6%
LOK
-2.4%
GB Real Estate
-2.0%
GB Market
1 Year Return
-3.0%
LOK
-18.7%
GB Real Estate
-17.2%
GB Market
Return vs Industry: LOK exceeded the UK Real Estate industry which returned -17.3% over the past year.
Return vs Market: LOK exceeded the UK Market which returned -16.4% over the past year.
Shareholder returns
| LOK | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.6% | -2.4% | -2.0% |
| 30 Day | 0% | 0.9% | -0.5% |
| 90 Day | -11.0% | 2.6% | -4.4% |
| 1 Year | -1.0%-3.0% | -17.6%-18.7% | -14.1%-17.2% |
| 3 Year | 50.1%40.0% | -18.8%-24.9% | -10.3%-21.4% |
| 5 Year | 87.4%66.7% | 3.5%-11.1% | 13.4%-12.1% |
Price Volatility Vs. Market
How volatile is Lok'nStore Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
How Many Lok'nStore Group Plc (LON:LOK) Shares Did Insiders Buy, In The Last Year?1 month ago | Simply Wall St
Are Lok'nStore Group Plc's (LON:LOK) Mixed Financials Driving The Negative Sentiment?2 months ago | Simply Wall St
Did You Participate In Any Of Lok'nStore Group's (LON:LOK) Fantastic 132% Return ?Valuation
Is Lok'nStore Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LOK (£5.25) is trading below our estimate of fair value (£13.69)
Significantly Below Fair Value: LOK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LOK is poor value based on its PE Ratio (49.4x) compared to the GB Real Estate industry average (14.2x).
PE vs Market: LOK is poor value based on its PE Ratio (49.4x) compared to the UK market (18x).
Price to Earnings Growth Ratio
PEG Ratio: LOK is poor value based on its PEG Ratio (91.2x)
Price to Book Ratio
PB vs Industry: LOK is overvalued based on its PB Ratio (1.3x) compared to the GB Real Estate industry average (0.8x).
Next Steps
Future Growth
How is Lok'nStore Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
0.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LOK's forecast earnings growth (0.5% per year) is below the savings rate (1.2%).
Earnings vs Market: LOK's earnings (0.5% per year) are forecast to grow slower than the UK market (24.1% per year).
High Growth Earnings: LOK's earnings are forecast to grow, but not significantly.
Revenue vs Market: LOK's revenue (5.7% per year) is forecast to grow slower than the UK market (6% per year).
High Growth Revenue: LOK's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LOK's Return on Equity is forecast to be low in 3 years time (3.1%).
Next Steps
Past Performance
How has Lok'nStore Group performed over the past 5 years?
7.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LOK has high quality earnings.
Growing Profit Margin: LOK's current net profit margins (17.7%) are lower than last year (22%).
Past Earnings Growth Analysis
Earnings Trend: LOK's earnings have grown by 7.8% per year over the past 5 years.
Accelerating Growth: LOK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LOK had negative earnings growth (-13.9%) over the past year, making it difficult to compare to the Real Estate industry average (-17.3%).
Return on Equity
High ROE: LOK's Return on Equity (2.6%) is considered low.
Next Steps
Financial Health
How is Lok'nStore Group's financial position?
Financial Position Analysis
Short Term Liabilities: LOK's short term assets (£13.7M) exceed its short term liabilities (£6.4M).
Long Term Liabilities: LOK's short term assets (£13.7M) do not cover its long term liabilities (£75.9M).
Debt to Equity History and Analysis
Debt Level: LOK's debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: LOK's debt to equity ratio has reduced from 60.1% to 36.3% over the past 5 years.
Debt Coverage: LOK's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: LOK's interest payments on its debt are well covered by EBIT (11.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Lok'nStore Group current dividend yield, its reliability and sustainability?
2.28%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LOK's dividend (2.29%) is higher than the bottom 25% of dividend payers in the UK market (1.84%).
High Dividend: LOK's dividend (2.29%) is low compared to the top 25% of dividend payers in the UK market (5.29%).
Stability and Growth of Payments
Stable Dividend: LOK's dividend payments have been volatile in the past 10 years.
Growing Dividend: LOK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (116%), LOK's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LOK's dividends in 3 years are not forecast to be well covered by earnings (101.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.5yrs
Average management tenure
CEO
Neil James Newman-Shepherd (43 yo)
0.17
Tenure
UK£147,960
Compensation
Mr. Neil James John Newman-Shepherd serves as Group Managing Director at Lok'n Store Group plc since August 1, 2020. He served as Group Sales Director at Lok'nStore Group Plc since September 2014 until Aug ...
CEO Compensation Analysis
Compensation vs Market: Neil James's total compensation ($USD193.43K) is below average for companies of similar size in the UK market ($USD672.96K).
Compensation vs Earnings: Neil James's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.17yr | UK£264.50k | 18.02% £ 27.4m | |
| Group MD & Executive Director | 0.17yr | UK£147.96k | 0.059% £ 90.1k | |
| Group Finance Director & Executive Director | 16.75yrs | UK£193.05k | 0.22% £ 337.7k | |
| Operations Manager | no data | no data | no data | |
| Legal Manager | no data | no data | no data | |
| Financial Controller & Management Accountant | no data | no data | no data | |
| Assistant Company Secretary | 4.92yrs | no data | no data |
2.5yrs
Average Tenure
61yo
Average Age
Experienced Management: LOK's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 0.17yr | UK£264.50k | 18.02% £ 27.4m | |
| Group MD & Executive Director | 0.17yr | UK£147.96k | 0.059% £ 90.1k | |
| Group Finance Director & Executive Director | 16.75yrs | UK£193.05k | 0.22% £ 337.7k | |
| Independent Non-Executive Director | 0.083yr | no data | no data | |
| Non-Executive Director | 23.75yrs | UK£35.70k | 5.28% £ 8.0m | |
| Independent Non Executive Director | 20.75yrs | UK£22.30k | 0.94% £ 1.4m | |
| Independent Senior Non-Executive Director | no data | UK£27.87k | 0.099% £ 151.2k | |
| Independent Non Executive Director | 13.75yrs | UK£22.30k | 2.25% £ 3.4m |
13.8yrs
Average Tenure
60.5yo
Average Age
Experienced Board: LOK's board of directors are seasoned and experienced ( 13.8 years average tenure).
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
Lok'nStore Group Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lok'nStore Group Plc
- Ticker: LOK
- Exchange: AIM
- Founded: 1995
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: UK£152.147m
- Shares outstanding: 28.98m
- Website: https://www.loknstore.co.uk
Number of Employees
Location
- Lok'nStore Group Plc
- 112 Hawley Lane
- Farnborough
- Hampshire
- GU14 8JE
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LOK | AIM (London Stock Exchange AIM Market) | Yes | Ordinary Shares | GB | GBP | Jun 2000 |
Biography
Lok'nStore Group Plc develops and operates self-storage centers primarily in Southern England. The company operates a packaging shop in each of its storage centers that sells storage related goods, such as ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/27 20:45 |
| End of Day Share Price | 2020/10/27 00:00 |
| Earnings | 2020/01/31 |
| Annual Earnings | 2019/07/31 |
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.