SGX:D5IU

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Lippo Malls Indonesia Retail Trust

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


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

D5IUIndustryMarket
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

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

  • Explore strong dividend paying companies in the Real Estate industry.

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

NamePositionTenureCompensationOwnership
Chee Seng Liew
CEO & Executive Director of LMIRT Management Ltd1.33yrsno datano data
Cesar Agor
Legal & Compliance Manager of LMIRT Management Ltdno datano datano data
Shao Heng
Director of Asset Management2.67yrsno datano data
Ella Jia
Financial Controller of LMIRT Management Ltd1.67yrsno datano data
Lay Hong Tan
Company Secretary of LMIRT Management Ltd.1.08yrsno datano 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

NamePositionTenureCompensationOwnership
Chee Seng Liew
CEO & Executive Director of LMIRT Management Ltd1.33yrsno datano data
Kei Wei Leong
Independent Director of LMIRT Management Ltd0.17yrno datano data
Gouw Viven Sitiabudi
Non-Executive & Non-Independent Director of LMIRT Management Ltd1.92yrsno datano data
Murray Dangar-Waratah Bell
Independent Chairman of the Board & Lead Independent Director of LMIRT Management Ltd.0.75yrS$26.43kno data
Sandip Talukdar
Independent Director of LMIRT Management Ltd0.17yrno datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
D5IUSGX (Singapore Exchange)YesUnitsSGSGDNov 2007
3HJDB (Deutsche Boerse AG)YesUnitsDEEURNov 2007
LPMD.FOTCPK (Pink Sheets LLC)YesUnitsUSUSDNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/25 20:07
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.