Land Securities Group Plc

BATS-CHIXE:LANDL Stock Report

Market Cap: UK£4.4b

Land Securities Group Valuation

Is LANDL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LANDL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LANDL (£6.53) is trading below our estimate of fair value (£8.23)

Significantly Below Fair Value: LANDL is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for LANDL?

Other financial metrics that can be useful for relative valuation.

LANDL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.1x
Enterprise Value/EBITDA18.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does LANDL's PS Ratio compare to its peers?

The above table shows the PS ratio for LANDL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average13.5x
LMP LondonMetric Property
27.3x40.2%UK£4.0b
BLND British Land
5.5x-6.8%UK£3.6b
UKCM UK Commercial Property REIT
11.8xn/aUK£857.6m
BCPT Balanced Commercial Property Trust
9.4x0.7%UK£554.9m
LANDL Land Securities Group
5.4x-8.9%UK£4.4b

Price-To-Sales vs Peers: LANDL is good value based on its Price-To-Sales Ratio (5.4x) compared to the peer average (13.5x).


Price to Earnings Ratio vs Industry

How does LANDL's PE Ratio compare vs other companies in the GB REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a93.4%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a93.4%
n/an/an/a
No more companies

Price-To-Sales vs Industry: LANDL is good value based on its Price-To-Sales Ratio (5.4x) compared to the European REITs industry average (8.1x).


Price to Sales Ratio vs Fair Ratio

What is LANDL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LANDL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.4x
Fair PS Ratio6.8x

Price-To-Sales vs Fair Ratio: LANDL is good value based on its Price-To-Sales Ratio (5.4x) compared to the estimated Fair Price-To-Sales Ratio (6.8x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LANDL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£6.53
UK£7.11
+8.8%
13.3%UK£8.60UK£4.85n/a17
Apr ’25UK£6.57
UK£7.08
+7.8%
14.1%UK£8.60UK£4.65n/a17
Mar ’25UK£6.28
UK£7.03
+12.0%
13.9%UK£8.60UK£4.65n/a17
Feb ’25UK£6.55
UK£6.94
+5.9%
13.9%UK£8.60UK£4.65n/a17
Jan ’25UK£7.08
UK£6.72
-5.2%
13.2%UK£7.54UK£4.65n/a14
Dec ’24UK£6.32
UK£6.54
+3.5%
13.2%UK£7.54UK£4.65n/a14
Nov ’24UK£5.73
UK£6.73
+17.5%
13.6%UK£8.00UK£4.65n/a17
Oct ’24UK£5.93
UK£6.66
+12.2%
13.3%UK£8.00UK£4.65n/a17
Sep ’24UK£5.92
UK£6.91
+16.6%
12.4%UK£8.00UK£4.85n/a17
Aug ’24UK£6.42
UK£6.96
+8.4%
11.5%UK£8.00UK£4.85n/a17
Jul ’24UK£5.75
UK£7.03
+22.3%
9.0%UK£8.00UK£6.25n/a17
Jun ’24UK£6.08
UK£6.95
+14.3%
9.1%UK£8.00UK£6.00n/a17
May ’24UK£6.76
UK£7.01
+3.7%
8.9%UK£8.00UK£6.00n/a17
Apr ’24UK£6.22
UK£7.01
+12.7%
8.9%UK£8.00UK£6.00UK£6.5717
Mar ’24UK£6.77
UK£7.02
+3.7%
8.2%UK£8.00UK£6.00UK£6.2817
Feb ’24UK£7.11
UK£6.78
-4.6%
8.2%UK£8.00UK£5.90UK£6.5516
Jan ’24UK£6.26
UK£6.65
+6.2%
8.6%UK£8.00UK£5.75UK£7.0816
Dec ’23UK£6.11
UK£6.74
+10.2%
12.9%UK£8.80UK£5.00UK£6.3217
Nov ’23UK£5.81
UK£6.78
+16.7%
16.6%UK£8.80UK£4.60UK£5.7317
Oct ’23UK£5.22
UK£7.15
+36.9%
15.5%UK£8.80UK£5.00UK£5.9317
Sep ’23UK£6.19
UK£7.87
+27.1%
12.6%UK£9.60UK£6.45UK£5.9217
Aug ’23UK£7.26
UK£8.00
+10.2%
11.9%UK£9.60UK£6.50UK£6.4217
Jul ’23UK£6.53
UK£8.38
+28.3%
10.2%UK£9.60UK£6.70UK£5.7517
Jun ’23UK£7.67
UK£8.43
+10.0%
9.8%UK£9.60UK£6.70UK£6.0817
May ’23UK£7.59
UK£8.50
+11.9%
10.4%UK£9.60UK£6.20UK£6.7617
Apr ’23UK£7.78
UK£8.45
+8.6%
11.6%UK£10.00UK£6.20UK£6.2217

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.