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.
Fair value with moderate growth potential.
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: LPMD.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LPMD.F underperformed the US REITs industry which returned -8.6% over the past year.
Return vs Market: LPMD.F underperformed the US Market which returned 8.5% over the past year.
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
No news available
Is Lippo Malls Indonesia Retail Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LPMD.F ($0.11) is trading below our estimate of fair value ($0.35)
Significantly Below Fair Value: LPMD.F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LPMD.F is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: LPMD.F is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LPMD.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LPMD.F is good value based on its PB Ratio (0.5x) compared to the US REITs industry average (1.4x).
How is Lippo Malls Indonesia Retail Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LPMD.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: LPMD.F is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: LPMD.F's is expected to become profitable in the next 3 years.
Revenue vs Market: LPMD.F's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: LPMD.F's revenue is forecast to decline over the next 3 years (-1.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LPMD.F's Return on Equity is forecast to be low in 3 years time (5%).
How has Lippo Malls Indonesia Retail Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LPMD.F is currently unprofitable.
Growing Profit Margin: LPMD.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LPMD.F is unprofitable, and losses have increased over the past 5 years at a rate of -18.3% per year.
Accelerating Growth: Unable to compare LPMD.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LPMD.F is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (5.3%).
Return on Equity
High ROE: LPMD.F has a negative Return on Equity (-0.7%), as it is currently unprofitable.
How is Lippo Malls Indonesia Retail Trust's financial position?
Financial Position Analysis
Short Term Liabilities: LPMD.F's short term assets (SGD306.2M) exceed its short term liabilities (SGD213.5M).
Long Term Liabilities: LPMD.F's short term assets (SGD306.2M) do not cover its long term liabilities (SGD765.6M).
Debt to Equity History and Analysis
Debt Level: LPMD.F's debt to equity ratio (86.6%) is considered high.
Reducing Debt: LPMD.F's debt to equity ratio has increased from 55.1% to 86.6% over the past 5 years.
Debt Coverage: LPMD.F's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: LPMD.F is unprofitable, therefore interest payments are not well covered by earnings.
What is Lippo Malls Indonesia Retail Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LPMD.F's dividend (15.27%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: LPMD.F's dividend (15.27%) is in the top 25% of dividend payers in the US market (4.48%)
Stability and Growth of Payments
Stable Dividend: LPMD.F's dividend payments have been volatile in the past 10 years.
Growing Dividend: LPMD.F's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57%), LPMD.F's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LPMD.F's dividends in 3 years are not forecast to be well covered by earnings (136.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
James Liew (47yo)
Mr. Chee Seng Liew, also known as James, serves as Chief Executive Officer at Lippo Malls Indonesia Retail Trust since May 1, 2019 and as its Executive Director since December 31, 2019. He was Deputy Chief ...
|CEO & Executive Director of LMIRT Management Ltd||1.08yrs||no data||no data|
|Chief Financial Officer of LMIRT Management Ltd||2.92yrs||no data||no data|
|Legal & Compliance Manager of LMIRT Management Ltd||no data||no data||no data|
|Director of Asset Management||2.42yrs||no data||no data|
|Financial Controller of LMIRT Management Ltd||1.42yrs||no data||no data|
|Company Secretary of LMIRT Management Ltd.||0.83yr||no data||no data|
Experienced Management: LPMD.F's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|CEO & Executive Director of LMIRT Management Ltd||1.08yrs||no data||no data|
|Independent Director of LMIRT Management Ltd||8.83yrs||S$101.00k||no data|
|Non-Executive & Non-Independent Director of LMIRT Management Ltd||1.67yrs||no data||no data|
|Independent Director of LMIRT Management Ltd||8.75yrs||S$92.34k||no data|
|Independent Chairman of the Board & Lead Independent Director of LMIRT Management Ltd.||0.50yr||S$26.43k||no data|
Experienced Board: LPMD.F's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LPMD.F insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lippo Malls Indonesia Retail Trust's company bio, employee growth, exchange listings and data sources
- Name: Lippo Malls Indonesia Retail Trust
- Ticker: LPMD.F
- Exchange: OTCPK
- Founded: 2007
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$427.312m
- Listing Market Cap: S$305.064m
- Shares outstanding: 2.93b
- Website: https://www.lmir-trust.com
- Lippo Malls Indonesia Retail Trust
- 50 Collyer Quay
- No 06-07 OUE Bayfront
|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|
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. LMIR Trust’s current asset portfolio comprises 23 retail malls (“Retail Malls”) and seven retail spaces located within other retail malls (“Retail Spaces”, and collectively with the Retail Malls, the “Properties”). The Properties have a total net lettable area of 913,958 square metres and total valuation of Rp18,851.8 billion as at 31 December 2019, and are strategically located in major cities of Indonesia with large middle-income population. Tenants include leading names such as Matahari Department Store, Zara, M&S, H&M, Sogo, Giant, Hypermart, Carrefour, Ace Hardware, as well as international specialty tenants such as Victoria’s Secret, Promod, McDonalds, Pizza Hut, Kentucky Fried Chicken, A&W, Fitness First and Starbucks.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/03 04:16|
|End of Day Share Price||2020/06/01 00:00|
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.