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LAND

Land Securities GroupLSE:LAND Stock Report

Last Price

UK£7.89

Market Cap

UK£5.8b

7D

0.1%

1Y

24.4%

Updated

21 Jan, 2022

Data

Company Financials +
LAND fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health1/6
Dividends3/6

LAND Stock Overview

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential.

Land Securities Group Competitors

British Land

LSE:BLND

UK£5.0b

Secure Income REIT

AIM:SIR

UK£1.4b

LXI REIT

LSE:LXI

UK£1.1b

UK Commercial Property REIT

LSE:UKCM

UK£1.1b

Price History & Performance

Summary of all time highs, changes and price drops for Land Securities Group
Historical stock prices
Current Share PriceUK£7.89
52 Week HighUK£8.22
52 Week LowUK£6.00
Beta1.37
1 Month Change4.56%
3 Month Change15.93%
1 Year Change24.36%
3 Year Change-7.59%
5 Year Change-25.45%
Change since IPO-4.40%

Recent News & Updates

Shareholder Returns

LANDGB REITsGB Market
7D0.1%-0.4%-1.3%
1Y24.4%22.2%7.8%

Return vs Industry: LAND matched the UK REITs industry which returned 23.8% over the past year.

Return vs Market: LAND exceeded the UK Market which returned 8.7% over the past year.

Price Volatility

Is LAND's price volatile compared to industry and market?
LAND volatility
LAND Average Weekly Movement2.9%
REITs Industry Average Movement2.6%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.5%

Stable Share Price: LAND is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: LAND's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1944530Mark Allanhttps://www.landsec.com

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £11 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.

Land Securities Group Fundamentals Summary

How do Land Securities Group's earnings and revenue compare to its market cap?
LAND fundamental statistics
Market CapUK£5.84b
Earnings (TTM)-UK£283.00m
Revenue (TTM)UK£623.00m

9.4x

P/S Ratio

-20.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LAND income statement (TTM)
RevenueUK£623.00m
Cost of RevenueUK£239.00m
Gross ProfitUK£384.00m
ExpensesUK£667.00m
Earnings-UK£283.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.38
Gross Margin61.64%
Net Profit Margin-45.43%
Debt/Equity Ratio47.5%

How did LAND perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

66%

Payout Ratio

Valuation

Is Land Securities Group undervalued compared to its fair value and its price relative to the market?

37.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LAND (£7.89) is trading below our estimate of fair value (£12.67)

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


Price To Earnings Ratio

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

PE vs Market: LAND 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 LAND's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LAND is good value based on its PB Ratio (0.8x) compared to the GB REITs industry average (0.9x).


Future Growth

How is Land Securities Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

19.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAND is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

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

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

Revenue vs Market: LAND's revenue (2.5% per year) is forecast to grow slower than the UK market (4.9% per year).

High Growth Revenue: LAND's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LAND's Return on Equity is forecast to be low in 3 years time (4.7%).


Past Performance

How has Land Securities Group performed over the past 5 years?

-67.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LAND is currently unprofitable.

Growing Profit Margin: LAND is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LAND is unprofitable, and losses have increased over the past 5 years at a rate of 67.7% per year.

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

Earnings vs Industry: LAND is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (150.1%).


Return on Equity

High ROE: LAND has a negative Return on Equity (-3.81%), as it is currently unprofitable.


Financial Health

How is Land Securities Group's financial position?


Financial Position Analysis

Short Term Liabilities: LAND's short term assets (£456.0M) do not cover its short term liabilities (£1.0B).

Long Term Liabilities: LAND's short term assets (£456.0M) do not cover its long term liabilities (£2.8B).


Debt to Equity History and Analysis

Debt Level: LAND's net debt to equity ratio (47.1%) is considered high.

Reducing Debt: LAND's debt to equity ratio has increased from 25.9% to 47.5% over the past 5 years.

Debt Coverage: LAND's debt is not well covered by operating cash flow (8.7%).

Interest Coverage: LAND's interest payments on its debt are well covered by EBIT (6.9x coverage).


Balance Sheet


Dividend

What is Land Securities Group current dividend yield, its reliability and sustainability?

3.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LAND's dividend (3.42%) is higher than the bottom 25% of dividend payers in the UK market (1.37%).

High Dividend: LAND's dividend (3.42%) is low compared to the top 25% of dividend payers in the UK market (4.04%).


Stability and Growth of Payments

Stable Dividend: LAND's dividend payments have been volatile in the past 10 years.

Growing Dividend: LAND's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.8%), LAND's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LAND's dividends in 3 years are forecast to be covered by earnings (76.3% payout ratio).


Next Steps

Management

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

7.6yrs

Average management tenure


CEO

Mark Allan (49 yo)

1.75yrs

Tenure

UK£2,920,000

Compensation

Mr. Mark Christopher Allan serveds as CEO & Executive Director at Land Securities Group Plc since April 14, 2020. He had been Chief Executive Officer and Director at St Modwen Properties since December 1,...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD3.96M) is above average for companies of similar size in the UK market ($USD2.24M).

Compensation vs Earnings: Insufficient data to compare Mark's compensation with company performance.


Leadership Team

Experienced Management: LAND's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: LAND's board of directors are considered experienced (3 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

Land Securities Group plc's employee growth, exchange listings and data sources


Key Information

  • Name: Land Securities Group plc
  • Ticker: LAND
  • Exchange: LSE
  • Founded: 1944
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: UK£5.839b
  • Shares outstanding: 740.25m
  • Website: https://www.landsec.com

Number of Employees


Location

  • Land Securities Group plc
  • 100 Victoria Street
  • London
  • East Lothian
  • SW1E 5JL
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 21:17
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.