Share Price & News
How has London & Associated Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LAS's share price has been volatile over the past 3 months.
7 Day Return
GB Real Estate
1 Year Return
GB Real Estate
Return vs Industry: LAS underperformed the UK Real Estate industry which returned -19.7% over the past year.
Return vs Market: LAS underperformed the UK Market which returned -23% over the past year.
Price Volatility Vs. Market
How volatile is London & Associated Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StIs London & Associated Properties PLC (LON:LAS) A Buy At Its Current PE Ratio?
1 year ago | Simply Wall StHow Does London & Associated Properties PLC (LON:LAS) Affect Your Portfolio Returns?
2 years ago | Simply Wall StHow Financially Strong Is London & Associated Properties PLC (LON:LAS)?
Is London & Associated Properties undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: LAS (£0.17) is trading above our estimate of fair value (£0.02)
Significantly Below Fair Value: LAS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LAS is unprofitable, so we can't compare its PE Ratio to the Real Estate industry average.
PE vs Market: LAS 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 LAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LAS is good value based on its PB Ratio (0.3x) compared to the GB Real Estate industry average (0.8x).
How is London & Associated Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as London & Associated Properties has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has London & Associated Properties performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LAS is currently unprofitable.
Growing Profit Margin: LAS is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LAS is unprofitable, but has reduced losses over the past 5 years at a rate of 33.4% per year.
Accelerating Growth: Unable to compare LAS's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LAS is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-2.2%).
Return on Equity
High ROE: LAS has a negative Return on Equity (-3.42%), as it is currently unprofitable.
How is London & Associated Properties's financial position?
Financial Position Analysis
Short Term Liabilities: LAS's short term assets (£73.9M) exceed its short term liabilities (£57.0M).
Long Term Liabilities: LAS's short term assets (£73.9M) exceed its long term liabilities (£24.4M).
Debt to Equity History and Analysis
Debt Level: LAS's debt to equity ratio (107.1%) is considered high.
Reducing Debt: LAS's debt to equity ratio has reduced from 115.1% to 107.1% over the past 5 years.
Inventory Level: LAS has a high level of physical assets or inventory.
Debt Coverage by Assets: LAS's debt is covered by short term assets (assets are 1.2x 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: Insufficient data to determine if LAS has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if LAS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is London & Associated Properties's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LAS's dividend (1.06%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (2.69%).
High Dividend: LAS's dividend (1.06%) is low compared to the top 25% of dividend payers in the UK market (7.48%).
Stability and Growth of Payments
Stable Dividend: LAS is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: LAS is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: LAS is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LAS's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
John Heller (53yo)
Mr. John A. Heller, LLB, MBA has been the Chief Executive Officer of London & Associated Properties plc since September 2001 and its Executive Director since March 2,1998.
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD1.08M) is above average for companies of similar size in the UK market ($USD335.89K).
Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.
|Chairman of the Board||49.17yrs||UK£696.00k||9.28% £1.3m|
|CEO & Executive Director||18.42yrs||UK£870.00k||2.19% £317.5k|
|Finance Director||1yr||no data||no data|
|Senior Independent Director||no data||UK£40.00k||0.042% £6.1k|
|Independent Non-Executive Director||27.67yrs||UK£26.00k||0.023% £3.4k|
|Independent Non-Executive Director||6.67yrs||UK£35.00k||no data|
Experienced Board: LAS's board of directors are seasoned and experienced ( 22 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LAS insiders have bought and sold the same number of shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
London & Associated Properties PLC's company bio, employee growth, exchange listings and data sources
- Name: London & Associated Properties PLC
- Ticker: LAS
- Exchange: LSE
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Market Cap: UK£14.505m
- Shares outstanding: 85.32m
- Website: https://www.lap.co.uk
Number of Employees
- London & Associated Properties PLC
- 24 Bruton Place
- East Lothian
- W1J 6NE
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LAS||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Jan 1992|
London & Associated Properties is a fully listed property investment company specialising in retail. It owns a portfolio of shopping centres and other retail property currently worth some £78m. LAP also invests in joint ventures with institutional co-owners; these have included Oaktree Capital Management, Schroders and Bank of Scotland. LAMS, LAP's directly owned subsidiary, is an property asset manager that carries out both asset management and property management for third parties. These parties have included the Lloyds Bank, NAMA, Deloittes and Grant Thornton as well as the joint ventures in which LAP has invested. LAP also has a 41.5% interest in Bisichi Mining Plc, a fully listed mining company. Bisichi owns a retail property portfolio that is also managed by LAP.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 23:20|
|End of Day Share Price||2020/03/31 00:00|
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.