LSE:LXI

Stock Analysis Report

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Market Cap

UK£899.2m

Last Updated

2021/06/22 21:29 UTC

Data Sources

Company Financials +

Executive Summary

The Company, a real estate investment trust ("REIT") incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Listing Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017. More Details


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.

Share Price & News

How has LXI REIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

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

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


Market Performance


7 Day Return

-0.8%

LXI

0.4%

GB REITs

-1.2%

GB Market


1 Year Return

23.8%

LXI

-8.6%

GB REITs

17.8%

GB Market

Return vs Industry: LXI exceeded the UK REITs industry which returned -13.3% over the past year.

Return vs Market: LXI exceeded the UK Market which returned 16.7% over the past year.


Shareholder returns

LXIIndustryMarket
7 Day-0.8%0.4%-1.2%
30 Day5.2%3.0%0.7%
90 Day18.1%10.1%6.6%
1 Year29.8%23.8%23.9%-8.6%23.4%17.8%
3 Year47.2%29.7%3.1%4.3%14.2%1.2%
5 Yearn/a30.1%24.2%53.2%24.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is LXI REIT undervalued compared to its fair value and its price relative to the market?

19.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LXI (£1.42) is trading above our estimate of fair value (£1.11)

Significantly Below Fair Value: LXI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LXI is poor value based on its PE Ratio (18.7x) compared to the UK REITs industry average (15.4x).

PE vs Market: LXI is good value based on its PE Ratio (18.7x) compared to the UK market (24.9x).


Price to Earnings Growth Ratio

PEG Ratio: LXI is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: LXI is overvalued based on its PB Ratio (1.1x) compared to the GB REITs industry average (0.9x).


Future Growth

How is LXI REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

18.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LXI's forecast earnings growth (18.6% per year) is above the savings rate (0.9%).

Earnings vs Market: LXI's earnings (18.6% per year) are forecast to grow faster than the UK market (17.7% per year).

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

Revenue vs Market: LXI's revenue (15.6% per year) is forecast to grow faster than the UK market (5.3% per year).

High Growth Revenue: LXI's revenue (15.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has LXI REIT performed over the past 5 years?

-45.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: LXI has a large one-off gain of £8.3M impacting its March 31 2021 financial results.

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


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if LXI's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: LXI had negative earnings growth (-45.8%) over the past year, making it difficult to compare to the REITs industry average (42%).


Return on Equity

High ROE: LXI's Return on Equity (5.1%) is considered low.


Financial Health

How is LXI REIT's financial position?


Financial Position Analysis

Short Term Liabilities: LXI's short term assets (£102.2M) exceed its short term liabilities (£18.3M).

Long Term Liabilities: LXI's short term assets (£102.2M) do not cover its long term liabilities (£190.4M).


Debt to Equity History and Analysis

Debt Level: LXI's debt to equity ratio (23.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if LXI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: LXI's debt is not well covered by operating cash flow (15.5%).

Interest Coverage: LXI's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Dividend

What is LXI REIT current dividend yield, its reliability and sustainability?

3.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LXI's dividend (3.92%) is higher than the bottom 25% of dividend payers in the UK market (1.29%).

High Dividend: LXI's dividend (3.92%) is low compared to the top 25% of dividend payers in the UK market (4.04%).


Stability and Growth of Payments

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

Growing Dividend: LXI's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (99.7%), LXI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LXI's dividends in 3 years are forecast to be covered by earnings (76.4% payout ratio).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

LXI REIT has no CEO, or we have no data on them.


Leadership Team

Experienced Management: LXI's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: LXI's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.3%.


Top Shareholders

Company Information

LXI REIT plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LXI REIT plc
  • Ticker: LXI
  • Exchange: LSE
  • Founded: NaN
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: UK£899.163m
  • Shares outstanding: 621.83m
  • Website: https://www.lxireit.com

Location

  • LXI REIT plc
  • Mermaid House
  • 2 Puddle Dock
  • London
  • East Lothian
  • EC4V 3DB
  • United Kingdom

Listings


Biography

The Company, a real estate investment trust ("REIT") incorporated in England and Wales, is listed on the premium listing segment of the Official List of the UK Listing Authority and was admitted to trading...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/22 21:29
End of Day Share Price2021/06/22 00:00
Earnings2021/03/31
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.