LSE:EPIC

Stock Analysis Report

Ediston Property Investment

Executive Summary

Ediston Property Investment Company plc a real estate investment trust externally managed by Ediston Properties Ltd.

Snowflake

Good value second-rate dividend payer.


Similar Companies

Share Price & News

How has Ediston Property Investment's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EPIC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

EPIC

-0.9%

GB REITs

-0.5%

GB Market


1 Year Return

-17.3%

EPIC

2.7%

GB REITs

3.7%

GB Market

Return vs Industry: EPIC underperformed the UK REITs industry which returned 2.7% over the past year.

Return vs Market: EPIC underperformed the UK Market which returned 3.7% over the past year.


Shareholder returns

EPICIndustryMarket
7 Day-0.8%-0.9%-0.5%
30 Day-1.4%0.3%2.0%
90 Day-5.2%13.8%5.6%
1 Year-12.3%-17.3%7.2%2.7%9.2%3.7%
3 Year-5.9%-20.0%28.6%10.5%23.4%7.7%
5 Year10.1%-15.6%29.4%3.7%34.2%3.7%

Price Volatility Vs. Market

How volatile is Ediston Property Investment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ediston Property Investment 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: EPIC (£0.87) is trading below our estimate of fair value (£3.54)

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


Price To Earnings Ratio

PE vs Industry: EPIC is poor value based on its PE Ratio (15.9x) compared to the REITs industry average (14.3x).

PE vs Market: EPIC is good value based on its PE Ratio (15.9x) compared to the UK market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate EPIC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: EPIC is good value based on its PB Ratio (0.8x) compared to the GB REITs industry average (1x).


Next Steps

Future Growth

How is Ediston Property Investment forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EPIC's forecast earnings growth (4.9% per year) is above the savings rate (1.2%).

Earnings vs Market: EPIC's earnings (4.9% per year) are forecast to grow slower than the UK market (12.6% per year).

High Growth Earnings: EPIC's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if EPIC's revenue is forecast to grow faster than the UK market.

High Growth Revenue: Insufficient data to determine if EPIC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if EPIC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Ediston Property Investment performed over the past 5 years?

13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EPIC has high quality earnings.

Growing Profit Margin: EPIC's current net profit margins (54.7%) are lower than last year (93.2%).


Past Earnings Growth Analysis

Earnings Trend: EPIC's earnings have grown by 13.3% per year over the past 5 years.

Accelerating Growth: EPIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EPIC had negative earnings growth (-16.8%) over the past year, making it difficult to compare to the REITs industry average (-19.8%).


Return on Equity

High ROE: EPIC's Return on Equity (4.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ediston Property Investment's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: EPIC has a high level of physical assets or inventory.

Debt Coverage by Assets: EPIC's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: EPIC's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if EPIC has a sufficient allowance for bad loans.

Low Risk Liabilities: EPIC reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if EPIC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: EPIC has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if EPIC has an appropriate level of bad loans.


Next Steps

Dividend

What is Ediston Property Investment's current dividend yield, its reliability and sustainability?

6.62%

Current Dividend Yield


Dividend Yield vs Market

company6.6%marketbottom25%2.0%markettop25%5.3%industryaverage4.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: EPIC's dividend (6.62%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).

High Dividend: EPIC's dividend (6.62%) is in the top 25% of dividend payers in the UK market (5.31%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EPIC has been paying a dividend for less than 10 years.

Growing Dividend: EPIC's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.5%), EPIC'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.


Next Steps

Management

What is the CEO of Ediston Property Investment's salary, the management and board of directors tenure and is there insider trading?


CEO

Danny O'Neill 0

0yrs

Tenure

0

Mr. Daniel O'Neill, BSC MRICS DIPPROPINV, also known as Danny serves as the Chief Executive Officer of Ediston Properties Limited - Investment Manager at Ediston Property Investment Company plc. Mr. O'Neil ...


Insider Trading

Insider Buying: EPIC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUK£19,72217 Sep 19
William Hill
EntityIndividual
Role
Chairman of the Board
Chairman of Ediston Properties Limited
Shares22,800
Max PriceUK£0.86
BuyUK£7,50017 Sep 19
Robin Archibald
EntityIndividual
Role
Lead Director
Senior Independent Director of Ediston Properties Limited
Shares8,676
Max PriceUK£0.86
BuyUK£5,50016 Sep 19
Robin Archibald
EntityIndividual
Role
Lead Director
Senior Independent Director of Ediston Properties Limited
Shares6,370
Max PriceUK£0.86
BuyUK£24,18712 Jul 19
Colin James Skinner
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares25,000
Max PriceUK£0.97
BuyUK£19,87603 Jun 19
William Hill
EntityIndividual
Role
Chairman of the Board
Chairman of Ediston Properties Limited
Shares19,942
Max PriceUK£1.00
BuyUK£19,88717 Dec 18
William Hill
EntityIndividual
Role
Chairman of the Board
Chairman of Ediston Properties Limited
Shares19,788
Max PriceUK£1.01

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.1%.


Management Team

  • Danny O'Neill

    Chief Executive Officer of Ediston Properties Limited

    • Tenure: 0yrs
  • Alastair Dickie

    Asset Manager of Ediston Properties Limited

    • Tenure: 0yrs
  • Neelum Yousaf

    Financial Controller of Ediston Properties Limited

    • Tenure: 0yrs
  • Calum Bruce

    Investment Manager of Ediston Properties Limited

    • Tenure: 0yrs
  • Graham Lind

    Investment Manager of Ediston Properties Limited

    • Tenure: 0yrs
  • Neal Jamieson

    Director of Ediston Properties Limited

    • Tenure: 2.8yrs
  • Paul Corson

    Construction Manager at Ediston Properties Limited

    • Tenure: 0yrs

Board Members

  • Robert Dick

    Independent Non-Executive Director of Ediston Properties Limited

    • Tenure: 5.4yrs
    • Compensation: UK£39.00k
  • Jamie Skinner (57yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: UK£34.00k
  • William Hill

    Chairman of Ediston Properties Limited

    • Tenure: 0yrs
    • Compensation: UK£54.00k
  • Robin Archibald (59yo)

    Senior Independent Director of Ediston Properties Limited

    • Tenure: 0yrs
    • Compensation: UK£69.00k

Company Information

Ediston Property Investment Company plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ediston Property Investment Company plc
  • Ticker: EPIC
  • Exchange: LSE
  • Founded: 2014
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: UK£183.438m
  • Shares outstanding: 211.33m
  • Website: https://www.epic-reit.com

Location

  • Ediston Property Investment Company plc
  • Broadgate Tower
  • Level 13
  • London
  • Greater London
  • EC2A 2EW
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EPICLSE (London Stock Exchange)YesOrdinary SharesGBGBPOct 2014

Biography

Ediston Property Investment Company plc a real estate investment trust externally managed by Ediston Properties Ltd. The firm invest in commercial property of United Kingdom. It was founded in 2014 and is  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 21:15
End of Day Share Price2019/11/13 00:00
Earnings2019/03/31
Annual Earnings2018/09/30


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.