Land Securities Group Plc

OTCPK:LSGO.F Stock Report

Market Cap: US$5.4b

Land Securities Group Valuation

Is LSGO.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LSGO.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LSGO.F ($7) is trading below our estimate of fair value ($10.34)

Significantly Below Fair Value: LSGO.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LSGO.F?

Key metric: As LSGO.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LSGO.F. This is calculated by dividing LSGO.F's market cap by their current earnings.
What is LSGO.F's PE Ratio?
PE Ratio40.7x
EarningsUK£106.00m
Market CapUK£4.32b

Price to Earnings Ratio vs Peers

How does LSGO.F's PE Ratio compare to its peers?

The above table shows the PE ratio for LSGO.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.1x
EPRT Essential Properties Realty Trust
28x13.2%US$5.5b
BNL Broadstone Net Lease
21.2x-3.5%US$3.1b
ESRT Empire State Realty Trust
37.5x-23.6%US$2.8b
ESBA Empire State Realty OP
37.6xn/aUS$2.8b
LSGO.F Land Securities Group
40.7x26.7%US$4.3b

Price-To-Earnings vs Peers: LSGO.F is expensive based on its Price-To-Earnings Ratio (40.7x) compared to the peer average (31.1x).

Price to Earnings Ratio vs Industry

How does LSGO.F's PE Ratio compare vs other companies in the North American REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
LSGO.F 40.7xIndustry Avg. 16.3xNo. of Companies4PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LSGO.F is expensive based on its Price-To-Earnings Ratio (40.7x) compared to the Global REITs industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is LSGO.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LSGO.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LSGO.F's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LSGO.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.00
US$9.15
+30.7%
10.5%US$11.69US$6.92n/a18
Dec ’25n/a
US$9.17
0%
10.4%US$11.68US$6.91n/a18
Nov ’25US$8.19
US$9.57
+16.8%
10.7%US$12.10US$6.70n/a18
Oct ’25US$8.35
US$9.64
+15.6%
10.1%US$11.02US$6.84n/a17
Sep ’25n/a
US$9.47
0%
9.4%US$10.82US$6.57n/a16
Aug ’25n/a
US$9.26
0%
9.4%US$10.57US$6.42n/a16
Jul ’25n/a
US$9.18
0%
9.4%US$10.49US$6.37n/a16
Jun ’25n/a
US$8.98
0%
12.5%US$10.55US$6.16n/a18
May ’25US$8.25
US$8.86
+7.4%
13.0%US$10.37US$6.06n/a17
Apr ’25US$8.17
US$8.89
+8.8%
14.1%US$10.79US$5.83n/a17
Mar ’25US$7.95
US$8.91
+12.0%
13.9%US$10.90US$5.89n/a17
Feb ’25US$8.34
US$8.82
+5.7%
13.9%US$10.93US$5.91n/a17
Jan ’25n/a
US$8.55
0%
13.2%US$9.60US$5.92n/a14
Dec ’24US$8.25
US$8.31
+0.8%
13.2%US$9.58US$5.91n/a14
Nov ’24US$7.14
US$8.25
+15.5%
13.6%US$9.80US$5.69US$8.1917
Oct ’24US$6.87
US$8.09
+17.8%
13.3%US$9.72US$5.65US$8.3517
Sep ’24n/a
US$8.74
0%
12.4%US$10.12US$6.14n/a17
Aug ’24US$8.13
US$8.93
+9.8%
11.5%US$10.27US$6.22n/a17
Jul ’24US$7.00
US$8.97
+28.1%
9.0%US$10.21US$7.98n/a17
Jun ’24n/a
US$8.58
0%
9.1%US$9.89US$7.42n/a17
May ’24n/a
US$8.65
0%
8.9%US$9.87US$7.41US$8.2517
Apr ’24US$7.66
US$8.65
+12.9%
8.9%US$9.87US$7.41US$8.1717
Mar ’24US$8.00
US$8.47
+5.9%
8.2%US$9.65US$7.23US$7.9517
Feb ’24n/a
US$8.37
0%
8.2%US$9.88US$7.29US$8.3416
Jan ’24US$7.38
US$7.99
+8.4%
8.6%US$9.61US$6.91n/a16
Dec ’23US$7.50
US$8.25
+10.0%
12.9%US$10.77US$6.12US$8.2517

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 15:28
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Land Securities Group Plc is covered by 43 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pierre-Yves GauthierAlphaValue
Paul MayBarclays
Paul MayBarclays