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Lok'nStore Group

OTCPK:LOKN.F
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LOKN.F
OTCPK
£142M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Lok'nStore Group Plc provides self-storage, and serviced archive and records management services to household and business customers in the United Kingdom. The last earnings update was 17 days ago. More info.


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LOKN.F Share Price and Events
7 Day Returns
0%
OTCPK:LOKN.F
-5.8%
US Real Estate
-3.9%
US Market
1 Year Returns
-
OTCPK:LOKN.F
-14.8%
US Real Estate
1.4%
US Market
LOKN.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lok'nStore Group (LOKN.F) 0% 0% - - - -
US Real Estate -5.8% -8.3% -7.1% -14.8% 21.3% 4.4%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • No trading data on LOKN.F.
  • No trading data on LOKN.F.
Price Volatility
LOKN.F
Industry
5yr Volatility vs Market

LOKN.F Value

 Is Lok'nStore Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lok'nStore Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lok'nStore Group.

OTCPK:LOKN.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:LOKN.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.124 (1 + (1- 19%) (29.74%))
1.265
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.265 * 6.65%)
11.14%

Discounted Cash Flow Calculation for OTCPK:LOKN.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lok'nStore Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:LOKN.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 11.14%)
2019 -6.05 Analyst x2 -5.44
2020 -5.60 Analyst x2 -4.53
2021 4.00 Analyst x2 2.91
2022 6.02 Est @ 50.47% 3.94
2023 8.19 Est @ 36.15% 4.83
2024 10.33 Est @ 26.12% 5.48
2025 12.31 Est @ 19.1% 5.88
2026 14.06 Est @ 14.19% 6.04
2027 15.57 Est @ 10.75% 6.02
2028 16.87 Est @ 8.35% 5.87
Present value of next 10 years cash flows £31.00
OTCPK:LOKN.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £16.87 × (1 + 2.73%) ÷ (11.14% – 2.73%)
£206.04
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £206.04 ÷ (1 + 11.14%)10
£71.66
OTCPK:LOKN.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £31.00 + £71.66
£102.65
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £102.65 / 28.96
£3.54
OTCPK:LOKN.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.39
Current discount Discount to share price of $6.07
= -1 x ($6.07 - $4.39) / $4.39
-38.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Lok'nStore Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lok'nStore Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lok'nStore Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:LOKN.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in GBP £0.14
AIM:LOK Share Price ** AIM (2019-03-11) in GBP £4.9
United States of America Real Estate Industry PE Ratio Median Figure of 27 Publicly-Listed Real Estate Companies 16x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lok'nStore Group.

OTCPK:LOKN.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:LOK Share Price ÷ EPS (both in GBP)

= 4.9 ÷ 0.14

34.14x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lok'nStore Group is overvalued based on earnings compared to the US Real Estate industry average.
  • Lok'nStore Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Lok'nStore Group's expected growth come at a high price?
Raw Data
OTCPK:LOKN.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
6.7%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.34x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

OTCPK:LOKN.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.14x ÷ 6.7%

5.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lok'nStore Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lok'nStore Group's assets?
Raw Data
OTCPK:LOKN.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in GBP £3.66
AIM:LOK Share Price * AIM (2019-03-11) in GBP £4.9
United States of America Real Estate Industry PB Ratio Median Figure of 53 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:LOKN.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:LOK Share Price ÷ Book Value per Share (both in GBP)

= 4.9 ÷ 3.66

1.34x

* Primary Listing of Lok'nStore Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lok'nStore Group is good value based on assets compared to the US Real Estate industry average.
X
Value checks
We assess Lok'nStore Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Lok'nStore Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LOKN.F Future Performance

 How is Lok'nStore Group expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lok'nStore Group expected to grow at an attractive rate?
  • Lok'nStore Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Lok'nStore Group's earnings growth is positive but not above the United States of America market average.
  • Lok'nStore Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:LOKN.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:LOKN.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 6.7%
OTCPK:LOKN.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.5%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.3%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:LOKN.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:LOKN.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-07-31 20 9 5 2
2020-07-31 18 8 4 2
2019-07-31 17 7 4 2
OTCPK:LOKN.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-01-31 19 8 4
2018-10-31 18 7 4
2018-07-31 18 6 4
2018-04-30 16 6 3
2018-01-31 16 6 3
2017-10-31 16 5 3
2017-07-31 17 5 3
2017-04-30 17 5 3
2017-01-31 16 5 3
2016-10-31 16 4 4
2016-07-31 16 3 4
2016-04-30 16 4 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lok'nStore Group's earnings are expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
  • Lok'nStore Group's revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:LOKN.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Lok'nStore Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LOKN.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-07-31 0.16 0.16 0.16 1.00
2020-07-31 0.13 0.13 0.13 1.00
2019-07-31 0.20 0.20 0.20 1.00
OTCPK:LOKN.F Past Financials Data
Date (Data in GBP Millions) EPS *
2019-01-31 0.14
2018-10-31 0.14
2018-07-31 0.13
2018-04-30 0.11
2018-01-31 0.10
2017-10-31 0.11
2017-07-31 0.11
2017-04-30 0.12
2017-01-31 0.12
2016-10-31 0.14
2016-07-31 0.17
2016-04-30 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lok'nStore Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lok'nStore Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lok'nStore Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LOKN.F Past Performance

  How has Lok'nStore Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lok'nStore Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lok'nStore Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Lok'nStore Group's 1-year earnings growth exceeds its 5-year average (43.5% vs 24.6%)
  • Lok'nStore Group's earnings growth has exceeded the US Real Estate industry average in the past year (43.5% vs -15.8%).
Earnings and Revenue History
Lok'nStore Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lok'nStore Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LOKN.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 18.63 4.14 1.39
2018-10-31 18.19 3.95 1.43
2018-07-31 17.75 3.76 1.47
2018-04-30 16.26 3.21 1.52
2018-01-31 15.95 2.89 1.58
2017-10-31 16.30 2.97 1.62
2017-07-31 16.65 3.06 1.65
2017-04-30 16.53 3.12 1.66
2017-01-31 16.41 3.18 1.67
2016-10-31 16.23 3.73 1.69
2016-07-31 16.06 4.28 1.71
2016-04-30 15.92 4.06 1.73
2016-01-31 15.78 3.84 1.74
2015-10-31 15.60 2.91 1.76
2015-07-31 15.42 1.97 1.77
2015-04-30 15.12 1.28 1.75
2015-01-31 14.83 0.60 1.72
2014-10-31 14.37 0.40 1.68
2014-07-31 13.91 0.20 1.65
2014-04-30 13.52 0.91 1.67
2014-01-31 13.14 1.63 1.70
2013-10-31 13.06 1.52 1.72
2013-07-31 12.97 1.42 1.74
2013-04-30 12.94 1.19 1.86
2013-01-31 12.91 0.96 1.98
2012-10-31 12.84 0.86 1.92
2012-07-31 12.77 0.75 1.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lok'nStore Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lok'nStore Group used its assets less efficiently than the US Real Estate industry average last year based on Return on Assets.
  • Lok'nStore Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lok'nStore Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lok'nStore Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LOKN.F Health

 How is Lok'nStore Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lok'nStore Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lok'nStore Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lok'nStore Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lok'nStore Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lok'nStore Group Company Filings, last reported 3 months ago.

OTCPK:LOKN.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 105.91 42.20 11.24
2018-10-31 105.91 42.20 11.24
2018-07-31 103.25 37.17 4.99
2018-04-30 103.25 37.17 4.99
2018-01-31 89.78 28.68 5.36
2017-10-31 89.78 28.68 5.36
2017-07-31 89.12 28.67 11.39
2017-04-30 89.12 28.67 11.39
2017-01-31 80.73 28.74 12.14
2016-10-31 80.73 28.74 12.14
2016-07-31 71.48 28.76 5.34
2016-04-30 71.48 28.76 5.34
2016-01-31 56.41 28.72 3.01
2015-10-31 56.41 28.72 3.01
2015-07-31 52.97 27.67 2.44
2015-04-30 52.97 27.67 2.44
2015-01-31 45.71 27.50 3.40
2014-10-31 45.71 27.50 3.40
2014-07-31 45.21 27.45 2.18
2014-04-30 45.21 27.45 2.18
2014-01-31 40.89 27.45 2.26
2013-10-31 40.89 27.45 2.26
2013-07-31 40.37 26.70 4.24
2013-04-30 40.37 26.70 4.24
2013-01-31 38.93 29.57 3.54
2012-10-31 38.93 29.57 3.54
2012-07-31 38.96 29.74 3.96
  • Lok'nStore Group's level of debt (39.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (67% vs 39.8% today).
  • Debt is not well covered by operating cash flow (18%, less than 20% of total debt).
  • Lok'nStore Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Lok'nStore Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lok'nStore Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LOKN.F Dividends

 What is Lok'nStore Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.24%
Current annual income from Lok'nStore Group dividends. Estimated to be 2.68% next year.
If you bought $2,000 of Lok'nStore Group shares you are expected to receive $45 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lok'nStore Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Lok'nStore Group's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:LOKN.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:LOKN.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-07-31 0.14 2.00
2020-07-31 0.13 2.00
2019-07-31 0.12 2.00
OTCPK:LOKN.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-11-14 0.110 2.488
2018-10-29 0.110 2.604
2017-11-15 0.100 2.453
2017-10-30 0.100 2.493
2016-11-01 0.090 2.154
2016-10-17 0.090 2.101
2015-10-20 0.080 2.454
2015-10-19 0.080 2.600
2014-11-06 0.070 2.616
2014-10-20 0.070 3.113
2013-11-07 0.060 2.909
2013-10-14 0.060 2.942
2013-04-22 0.057 4.005
2012-11-06 0.050 4.276
2012-10-29 0.050 4.194
2011-11-07 0.030 2.733
2011-11-04 0.030 3.053
2010-10-18 0.010 0.893
2010-10-15 0.010 0.792
2010-04-26 0.007 0.668
2009-11-09 0.010 1.237
2009-09-29 0.010 1.456

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lok'nStore Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Lok'nStore Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lok'nStore Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lok'nStore Group has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LOKN.F Management

 What is the CEO of Lok'nStore Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Jacobs
COMPENSATION £229,645
AGE 59
TENURE AS CEO 14.8 years
CEO Bio

Mr. Andrew Jacobs has been the Chief Executive Officer at Lok'n Store Group plc since August 2004. Mr. Jacobs served as the President of Trucost Plc. Mr. Jacobs served as Executive Chairman at Trucost Plc and also previously served as its Vice Chairman. Mr. Jacobs serves as Non-Executive Director of Trucost Plc. Jacobs has 20 years experience as a stockbroker and entrepreneur. In 1995, he founded Lok'nStore, the AIM listed self-storage Company. Mr. Jacobs serves as Executive Director of Lok'n Store Group plc. Previously, Mr. Jacobs was an Executive Director at Nomura International. He has an M.Phil in Economics from Cambridge University and a B.Sc. in Economics from London School of Economics.

CEO Compensation
  • Andrew's compensation has been consistent with company performance over the past year.
  • Andrew's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Lok'nStore Group management team in years:

9.7
Average Tenure
59
Average Age
  • The average tenure for the Lok'nStore Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andrew Jacobs

TITLE
CEO & Director
COMPENSATION
£230K
AGE
59
TENURE
14.8 yrs

Ray Davies

TITLE
Group Finance Director & Executive Director
COMPENSATION
£249K
AGE
61
TENURE
15.3 yrs

Neil James Newman-Shepherd

TITLE
Group Sales Director & Director
COMPENSATION
£130K
AGE
41
TENURE
4.7 yrs

Kevin Elster

TITLE
Operations Manager

Eve Steer

TITLE
Legal Manager

Sobayo Soyemi

TITLE
Financial Controller & Management Accountant

Philippa Myers

TITLE
Assistant Company Secretary
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Lok'nStore Group board of directors in years:

14.8
Average Tenure
59
Average Age
  • The average tenure for the Lok'nStore Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Simon Thomas

TITLE
Non-Executive Chairman
COMPENSATION
£200K
AGE
58
TENURE
14.8 yrs

Andrew Jacobs

TITLE
CEO & Director
COMPENSATION
£230K
AGE
59

Ray Davies

TITLE
Group Finance Director & Executive Director
COMPENSATION
£249K
AGE
61
TENURE
15.3 yrs

Neil James Newman-Shepherd

TITLE
Group Sales Director & Director
COMPENSATION
£130K
AGE
41
TENURE
3.5 yrs

Charles Peal

TITLE
Non Executive Director
COMPENSATION
£21K
AGE
63
TENURE
12.3 yrs

Edward T. Luker

TITLE
Non-Executive Director
COMPENSATION
£27K
AGE
69

Richard Holmes

TITLE
Non Executive Director
COMPENSATION
£21K
AGE
58
TENURE
19.3 yrs
Who owns this company?
Recent Insider Trading
  • Lok'nStore Group insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Mar 19 Sell Charles Peal Individual 01. Mar 19 01. Mar 19 -55,473 $6.17 $-342,168
01. Mar 19 Sell Simon Thomas Individual 01. Mar 19 01. Mar 19 -250,000 $6.15 $-1,537,434
30. Oct 18 Buy Neil James Newman-Shepherd Individual 29. Oct 18 29. Oct 18 5,012 $5.24 $26,246
X
Management checks
We assess Lok'nStore Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lok'nStore Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LOKN.F News

Simply Wall St News

LOKN.F Company Info

Description

Lok'nStore Group Plc provides self-storage, and serviced archive and records management services to household and business customers in the United Kingdom. The company operates a packaging shop in each of its storage centers that sells storage related goods, such as boxes, tapes, and bubblewraps, as well as provides insurance services. As of July 31, 2018, it operated through 29 self-storage centers; and 2 serviced document storage sites. The company was founded in 1995 and is headquartered in Farnborough, the United Kingdom.

Details
Name: Lok'nStore Group Plc
LOKN.F
Exchange: OTCPK
Founded: 1995
£182,627,198
28,960,574
Website: http://www.loknstore.co.uk
Address: Lok'nStore Group Plc
112 Hawley Lane,
Farnborough,
Hampshire, GU14 8JE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM LOK Ordinary Shares London Stock Exchange AIM Market GB GBP 28. Jun 2000
OTCPK LOKN.F Ordinary Shares Pink Sheets LLC US USD 28. Jun 2000
Number of employees
Current staff
Staff numbers
187
Lok'nStore Group employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 03:02
End of day share price update: 2019/03/11 00:00
Last estimates confirmation: 2019/04/30
Last earnings filing: 2019/04/29
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.