Lippo Malls Indonesia Retail Trust
Market Cap
S$260.5m
Last Updated
2020/09/25 20:07 UTC
Data Sources
Company Financials +
Executive Summary
LMIR Trust is a Singapore-based real estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producing real estate in Indonesia that are primarily used for retail and/or retail-related purposes. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
Share Price & News
How has Lippo Malls Indonesia Retail Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: D5IU's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-21.9%
D5IU
-1.9%
SG REITs
-1.2%
SG Market
1 Year Return
-61.3%
D5IU
-9.2%
SG REITs
-21.7%
SG Market
Return vs Industry: D5IU underperformed the SG REITs industry which returned -10.1% over the past year.
Return vs Market: D5IU underperformed the SG Market which returned -22.2% over the past year.
Shareholder returns
| D5IU | Industry | Market | |
|---|---|---|---|
| 7 Day | -21.9% | -1.9% | -1.2% |
| 30 Day | -24.6% | 0.8% | -3.0% |
| 90 Day | -36.0% | 2.2% | -4.6% |
| 1 Year | -58.7%-61.3% | -4.8%-9.2% | -17.5%-21.7% |
| 3 Year | -73.9%-79.3% | 23.0%3.8% | -18.3%-28.1% |
| 5 Year | -58.5%-72.6% | 60.3%17.9% | -0.6%-18.8% |
Price Volatility Vs. Market
How volatile is Lippo Malls Indonesia Retail Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Lippo Malls Indonesia Retail Trust (SGX:D5IU) Insiders Have Been Selling6 months ago | Simply Wall St
Do Institutions Own Lippo Malls Indonesia Retail Trust (SGX:D5IU) Shares?8 months ago | Simply Wall St
Investors Who Bought Lippo Malls Indonesia Retail Trust (SGX:D5IU) Shares Three Years Ago Are Now Down 37%Valuation
Is Lippo Malls Indonesia Retail Trust 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: D5IU (SGD0.09) is trading below our estimate of fair value (SGD0.42)
Significantly Below Fair Value: D5IU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: D5IU is unprofitable, so we can't compare its PE Ratio to the SG REITs industry average.
PE vs Market: D5IU is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate D5IU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: D5IU is good value based on its PB Ratio (0.2x) compared to the SG REITs industry average (0.8x).
Next Steps
Future Growth
How is Lippo Malls Indonesia Retail Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
81.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: D5IU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: D5IU is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: D5IU's is expected to become profitable in the next 3 years.
Revenue vs Market: D5IU's revenue (6.6% per year) is forecast to grow faster than the SG market (6.5% per year).
High Growth Revenue: D5IU's revenue (6.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: D5IU's Return on Equity is forecast to be low in 3 years time (5.4%).
Next Steps
Past Performance
How has Lippo Malls Indonesia Retail Trust performed over the past 5 years?
-25.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: D5IU is currently unprofitable.
Growing Profit Margin: D5IU is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: D5IU is unprofitable, and losses have increased over the past 5 years at a rate of 25.8% per year.
Accelerating Growth: Unable to compare D5IU's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: D5IU is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-6.7%).
Return on Equity
High ROE: D5IU has a negative Return on Equity (-2.55%), as it is currently unprofitable.
Next Steps
Financial Health
How is Lippo Malls Indonesia Retail Trust's financial position?
Financial Position Analysis
Short Term Liabilities: D5IU's short term assets (SGD226.8M) exceed its short term liabilities (SGD138.9M).
Long Term Liabilities: D5IU's short term assets (SGD226.8M) do not cover its long term liabilities (SGD758.8M).
Debt to Equity History and Analysis
Debt Level: D5IU's debt to equity ratio (64.5%) is considered high.
Reducing Debt: D5IU's debt to equity ratio has increased from 64.3% to 64.5% over the past 5 years.
Debt Coverage: D5IU's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: D5IU is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Lippo Malls Indonesia Retail Trust current dividend yield, its reliability and sustainability?
25.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: D5IU's dividend (25.06%) is higher than the bottom 25% of dividend payers in the SG market (2.57%).
High Dividend: D5IU's dividend (25.06%) is in the top 25% of dividend payers in the SG market (5.73%)
Stability and Growth of Payments
Stable Dividend: D5IU's dividend payments have been volatile in the past 10 years.
Growing Dividend: D5IU's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.4%), D5IU's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: D5IU's dividends in 3 years are not forecast to be well covered by earnings (135.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
James Liew (48 yo)
1.33yrs
Tenure
Mr. Chee Seng Liew, also known as James, serves as Chief Executive Officer of LMIRT Management Ltd, manager of Lippo Malls Indonesia Retail Trust since May 1, 2019 and as its Executive Director since Decem ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of LMIRT Management Ltd | 1.33yrs | no data | no data | |
| Legal & Compliance Manager of LMIRT Management Ltd | no data | no data | no data | |
| Director of Asset Management | 2.67yrs | no data | no data | |
| Financial Controller of LMIRT Management Ltd | 1.67yrs | no data | no data | |
| Company Secretary of LMIRT Management Ltd. | 1.08yrs | no data | no data |
1.5yrs
Average Tenure
Experienced Management: D5IU's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of LMIRT Management Ltd | 1.33yrs | no data | no data | |
| Independent Director of LMIRT Management Ltd | 0.17yr | no data | no data | |
| Non-Executive & Non-Independent Director of LMIRT Management Ltd | 1.92yrs | no data | no data | |
| Independent Chairman of the Board & Lead Independent Director of LMIRT Management Ltd. | 0.75yr | S$26.43k | no data | |
| Independent Director of LMIRT Management Ltd | 0.17yr | no data | no data |
0.8yrs
Average Tenure
48yo
Average Age
Experienced Board: D5IU'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
Lippo Malls Indonesia Retail Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lippo Malls Indonesia Retail Trust
- Ticker: D5IU
- Exchange: SGX
- Founded: 2007
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$260.485m
- Shares outstanding: 2.93b
- Website: https://www.lmir-trust.com
Location
- Lippo Malls Indonesia Retail Trust
- 6 Shenton Way
- No 12-08
- Singapore
- 68809
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| D5IU | SGX (Singapore Exchange) | Yes | Units | SG | SGD | Nov 2007 |
| 3HJ | DB (Deutsche Boerse AG) | Yes | Units | DE | EUR | Nov 2007 |
| LPMD.F | OTCPK (Pink Sheets LLC) | Yes | Units | US | USD | Nov 2007 |
Biography
LMIR Trust is a Singapore-based real estate investment trust established with the principal investment objective of owning and investing, on a long-term basis, in a diversified portfolio of income-producin ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/25 20:07 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.