LSE:INTU

Stock Analysis Report

Executive Summary

Intu own and manage many of the country’s best shopping centres, have a growing multichannel presence and an expanding portfolio in Spain.

Rewards

Trading at 72.1% below its fair value

Earnings are forecast to grow 84.97% per year

Risk Analysis

Highly volatile share price over past 3 months



Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has intu properties's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: INTU's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

18.3%

INTU

0.6%

GB REITs

-0.9%

GB Market


1 Year Return

-85.6%

INTU

13.7%

GB REITs

6.2%

GB Market

Return vs Industry: INTU underperformed the UK REITs industry which returned 13.7% over the past year.

Return vs Market: INTU underperformed the UK Market which returned 6.2% over the past year.


Shareholder returns

INTUIndustryMarket
7 Day18.3%0.6%-0.9%
30 Day-30.4%0.3%-3.1%
90 Day-58.7%5.4%3.9%
1 Year-85.6%-85.6%18.7%13.7%11.9%6.2%
3 Year-93.5%-94.3%28.9%10.7%17.3%2.4%
5 Year-94.7%-95.7%30.2%4.3%34.1%3.2%

Price Volatility Vs. Market

How volatile is intu properties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is intu properties 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: INTU (£0.16) is trading below our estimate of fair value (£0.56)

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


Price To Earnings Ratio

PE vs Industry: INTU is unprofitable, so we can't compare its PE Ratio to the REITs industry average.

PE vs Market: INTU is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INTU is good value based on its PB Ratio (0.1x) compared to the GB REITs industry average (1x).


Next Steps

Future Growth

How is intu properties forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

85.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INTU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: INTU is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: INTU's is expected to become profitable in the next 3 years.

Revenue vs Market: INTU's revenue is expected to decline over the next 3 years (-6.3% per year).

High Growth Revenue: INTU's revenue is forecast to decline over the next 3 years (-6.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: INTU's Return on Equity is forecast to be low in 3 years time (6%).


Next Steps

Past Performance

How has intu properties performed over the past 5 years?

-70.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INTU is currently unprofitable.

Growing Profit Margin: INTU is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: INTU is unprofitable, and losses have increased over the past 5 years at a rate of -70.7% per year.

Accelerating Growth: Unable to compare INTU's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: INTU is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-20.8%).


Return on Equity

High ROE: INTU has a negative Return on Equity (-51.47%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is intu properties'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: INTU has a high level of physical assets or inventory.

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


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: INTU has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: INTU has been profitable on average in the past, therefore cash runway is not a concern.


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is intu properties's current dividend yield, its reliability and sustainability?

3.82%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.8%markettop25%5.1%industryaverage3.8%forecastin3Years3.8%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate INTU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate INTU's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if INTU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INTU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: INTU is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of INTU's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

E. Matthew Roberts (55yo)

0.8yrs

Tenure

UK£719,000

Compensation

Mr. E. Matthew G. Roberts has been the Chief Executive Officer at Intu Properties Plc since April 29, 2019. Mr. Roberts has been a Director at Intu Properties Plc (previously known as Capital Shopping Cent ...


CEO Compensation Analysis

Compensation vs Market: E. Matthew's total compensation ($USD930.78K) is above average for companies of similar size in the UK market ($USD597.90K).

Compensation vs Earnings: E. Matthew's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
E. Matthew Roberts
CEO & Director0.8yrsUK£719.00k0.036% £76.7k
Robert Allen
CFO & Director0.7yrsno data0.0074% £15.7k
Dushyant Sangar
Chief Investment Officer0.8yrsno data0.0023% £4.9k
Gian Fulgoni
Chief Information Systems Officer8.3yrsno datano data
Adrian Croft
Head of Investor Relations0yrsno datano data
Hugh Ford
General Counsel & Group Treasurer17.1yrsno data0.0076% £16.1k
Bernie Kingsley
Human Resources Director10.9yrsno datano data
Kate Grant
Regional Managing Director0.8yrsno datano data
Brian Boundy
Managing Director of Retail Services7.1yrsno datano data
Colin Flinn
Regional Managing Director0.8yrsno datano data

0.8yrs

Average Tenure

48.5yo

Average Age

Experienced Management: INTU's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
E. Matthew Roberts
CEO & Director0.8yrsUK£719.00k0.036% £76.7k
Robert Allen
CFO & Director0.7yrsno data0.0074% £15.7k
M. Burke
Senior Independent Director0.3yrsUK£19.00k0.015% £31.6k
Stephen Barber
Non-Executive Director0.4yrsno datano data
John Strachan
Independent Chairman of the Board2.8yrsUK£275.00k0.0088% £18.5k
G. Fine
Alternate Director0yrsno data0.013% £27.7k
Steven Underwood
Member of Nomination & Review Committee0yrsno datano data
Cheryl Millington
Independent Non-Executive Director0.8yrsno datano data
John Whittaker
Deputy Chairman of the Board9.1yrsno data24.41% £51.7m

0.8yrs

Average Tenure

59yo

Average Age

Experienced Board: INTU's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


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

intu properties plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: intu properties plc
  • Ticker: INTU
  • Exchange: LSE
  • Founded: 1980
  • Industry: Retail REITs
  • Sector: Real Estate
  • Market Cap: UK£211.656m
  • Shares outstanding: 1.34b
  • Website: https://www.intugroup.co.uk

Number of Employees


Location

  • intu properties plc
  • 40 Broadway
  • Westminster
  • London
  • Greater London
  • SW1H 0BT
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INTULSE (London Stock Exchange)YesOrdinary SharesGBGBPJul 1992
ITUJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARJul 1992
LJ2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 1992
CCRG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1992
INTULBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJul 1992

Biography

Intu own and manage many of the country’s best shopping centres, have a growing multichannel presence and an expanding portfolio in Spain. We’re passionate about giving people their perfect shopping experience. With 20 centres across the UK and Spain, our whole business is focused on creating the best places for shopping and leisure, so that customers visit more often and stay longer. We do that by bringing together our scale, expertise and understanding of what customers want to provide compelling customer experiences that deliver real results for retailers, restaurateurs and leisure specialists. Our unique customer insight helps us understand what customers want now and in the future and we continually invest in our centres to build a long-term business that helps retailers flourish, communities thrive and our business to grow. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 20:47
End of Day Share Price2020/02/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.