LSE:LXI

Stock Analysis Report

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 Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in February 2017.

Snowflake

Fundamentals

Slightly overvalued with questionable track record.

Risks

  • LXI REIT is not covered by any analysts.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

LSE:LXI

2.4%

GB REITs

1.1%

GB Market


1 Year Return

12.6%

LSE:LXI

-3.1%

GB REITs

-0.3%

GB Market

LXI outperformed the REITs industry which returned -3.1% over the past year.

LXI outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -0.3% over the past year.


Share holder returns

LXIIndustryMarket
7 Day0.3%2.4%1.1%
30 Day4.1%7.0%4.4%
90 Day3.8%1.8%0.2%
1 Year17.8%12.6%1.3%-3.1%4.5%-0.3%
3 Yearn/a15.0%-1.3%21.4%6.9%
5 Yearn/a30.8%4.8%31.8%4.1%

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 based on future cash flows and its price relative to the stock market?

10.24x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

LXI REIT's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

LXI REIT's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

LXI REIT is good value based on earnings compared to the GB REITs industry average.

LXI REIT is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.


Price Based on Expected Growth

Unable to calculate PEG ratio for LXI REIT, we can't assess if its growth is good value.


Price Based on Value of Assets

LXI REIT is overvalued based on assets compared to the GB REITs industry average.


Next Steps

Future Growth

How is LXI REIT expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if LXI REIT is high growth as no revenue estimate data is available.

LXI REIT's earnings are expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).

Unable to compare LXI REIT's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.

LXI REIT's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.

LXI REIT's earnings growth is positive but not above the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if LXI REIT will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has LXI REIT performed over the past 5 years?

103.4%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Unable to establish if LXI REIT's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Unable to compare LXI REIT's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.

LXI REIT's earnings growth has exceeded the GB REITs industry average in the past year (103.4% vs -16.8%).


Return on Equity

LXI REIT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

LXI REIT used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if LXI REIT improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is LXI REIT's financial position?


Financial Position Analysis

LXI REIT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

LXI REIT's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

LXI REIT's level of debt (41.4%) compared to net worth is high (greater than 40%).

Unable to establish if LXI REIT's debt level has increased without past 5-year debt data.

Debt is not well covered by operating cash flow (11.7%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.4x debt.


Next Steps

Dividend

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

4.21%

Current Dividend Yield


Dividend Yield and Payments Analysis

LXI REIT's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.03%).

LXI REIT's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.49%).

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

Dividend payments have increased, but LXI REIT only paid a dividend in the past 2 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of LXI REIT's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average board tenure


CEO

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


Board Age and Tenure

2.7yrs

Average Tenure

The average tenure for the LXI REIT board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by LXI REIT individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUK£5,03328 Jun 19
John Cartwright
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares3,957
Max PriceUK£1.27
BuyUK£4,64728 Jun 19
Jeannette Etherden
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares3,653
Max PriceUK£1.27
BuyUK£5,67928 Jun 19
Stephen Hubbard
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares4,465
Max PriceUK£1.27
BuyUK£3,90428 Jun 19
Colin Smith
EntityIndividual
Role
Lead Director
Senior Independent Director
Shares3,069
Max PriceUK£1.27
BuyUK£3,61729 Mar 19
Jeannette Etherden
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares2,882
Max PriceUK£1.26
BuyUK£5,52729 Mar 19
Stephen Hubbard
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares4,404
Max PriceUK£1.26
BuyUK£4,89829 Mar 19
John Cartwright
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares3,903
Max PriceUK£1.26
BuyUK£3,80029 Mar 19
Colin Smith
EntityIndividual
Role
Lead Director
Senior Independent Director
Shares3,028
Max PriceUK£1.26
BuyUK£3,88420 Dec 18
Colin Smith
EntityIndividual
Role
Lead Director
Senior Independent Director
Shares3,250
Max PriceUK£1.20
BuyUK£5,00720 Dec 18
John Cartwright
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares4,190
Max PriceUK£1.20
BuyUK£5,64920 Dec 18
Stephen Hubbard
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares4,727
Max PriceUK£1.20
BuyUK£3,69720 Dec 18
Jeannette Etherden
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares3,094
Max PriceUK£1.20
BuyUK£33,82516 Oct 18
Stephen Hubbard
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares30,000
Max PriceUK£1.13
BuyUK£3,78928 Sep 18
Jeannette Etherden
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares3,309
Max PriceUK£1.15
BuyUK£3,88428 Sep 18
Colin Smith
EntityIndividual
Role
Lead Director
Senior Independent Director
Shares3,392
Max PriceUK£1.15
BuyUK£5,64928 Sep 18
Stephen Hubbard
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares4,934
Max PriceUK£1.15
BuyUK£5,00728 Sep 18
John Cartwright
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares4,373
Max PriceUK£1.15

Ownership Breakdown


Management Team

  • Alex Mattey

    Head of Investor Relations of LXi REIT Advisors Limited

    • Tenure: 1.7yrs
  • Simon Lee

    Joint Fund Manager of LXi REIT Advisors Limited

    • Tenure: 0yrs
  • Sophie Rowney

    General Counsel of LXi REIT Advisors Limited

    • Tenure: 0yrs
  • Nick Barker

    Compliance Officer of LXi REIT Advisors Limited

    • Tenure: 0yrs
  • Freddie Brooks

    Head of Finance of LXi REIT Advisors Limited

    • Tenure: 1.5yrs
  • John White

    Joint Fund Manager of LXi REIT Advisors Limited

    • Tenure: 0yrs
  • Jamie Beale

    Director of LXi REIT Advisors Limited

    • Tenure: 0yrs
  • Charlotte Fletcher

    Head of Transactions of LXi REIT Advisors Limited

    • Tenure: 0yrs

Board Members

  • Colin Smith (71yo)

    Senior Independent Director

    • Tenure: 0yrs
    • Compensation: UK£28.00k
  • Stephen Hubbard

    Non-Executive Chairman

    • Tenure: 2.7yrs
    • Compensation: UK£41.00k
  • Jan Etherden (59yo)

    Non-Executive Director

    • Tenure: 2.7yrs
    • Compensation: UK£31.00k
  • John Cartwright

    Non-Executive Director

    • Tenure: 2.7yrs
    • Compensation: UK£33.00k

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:
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: UK£680.982m
  • Shares outstanding: 521.43m
  • Website: https://www.lxireit.com

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LXILSE (London Stock Exchange)YesOrdinary SharesGBGBPFeb 2017
LXILBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPFeb 2017

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 Financial Conduct Authority and was admitted to  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 21:45
End of Day Share Price2019/09/18 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.