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LSL Property Services

OTCPK:LSLP.F
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LSLP.F
OTCPK
£241M
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

LSL Property Services plc provides residential property services for lenders, buyers and sellers of residential properties, tenants, and landlords in the United Kingdom. The last earnings update was 54 days ago. More info.


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LSLP.F Share Price and Events
7 Day Returns
0%
OTCPK:LSLP.F
-0.9%
US Real Estate
-0.7%
US Market
1 Year Returns
-1.4%
OTCPK:LSLP.F
-15.7%
US Real Estate
3%
US Market
LSLP.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LSL Property Services (LSLP.F) 0% 3.5% - -1.4% -22.7% -
US Real Estate -0.9% -6.6% -8.6% -15.7% 22.9% 4.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • LSLP.F outperformed the Real Estate industry which returned -15.7% over the past year.
  • LSLP.F underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
LSLP.F
Industry
5yr Volatility vs Market

LSLP.F Value

 Is LSL Property Services 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 LSL Property Services 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 LSL Property Services.

OTCPK:LSLP.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 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.7%
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:LSLP.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 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 19%) (21.39%))
1.203
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.203 * 6.65%)
10.73%

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

The calculations below outline how an intrinsic value for LSL Property Services 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:LSLP.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 10.73%)
2019 13.00 Analyst x1 11.74
2020 23.00 Analyst x1 18.76
2021 20.00 Analyst x1 14.73
2022 18.21 Est @ -8.95% 12.11
2023 17.22 Est @ -5.45% 10.34
2024 16.70 Est @ -3% 9.06
2025 16.49 Est @ -1.28% 8.08
2026 16.48 Est @ -0.08% 7.29
2027 16.60 Est @ 0.77% 6.63
2028 16.83 Est @ 1.36% 6.07
Present value of next 10 years cash flows £104.82
OTCPK:LSLP.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £16.83 × (1 + 2.73%) ÷ (10.73% – 2.73%)
£216.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £216.09 ÷ (1 + 10.73%)10
£77.98
OTCPK:LSLP.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £104.82 + £77.98
£182.81
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £182.81 / 102.66
£1.78
OTCPK:LSLP.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.61
Current discount Discount to share price of $3.45
= -1 x ($3.45 - $2.61) / $2.61
-32%

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

  • The current share price of LSL Property Services 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 LSL Property Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LSL Property Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:LSLP.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.17
LSE:LSL Share Price ** LSE (2019-04-26) in GBP £2.35
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.37x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of LSL Property Services.

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

= LSE:LSL Share Price ÷ EPS (both in GBP)

= 2.35 ÷ 0.17

13.49x

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

  • LSL Property Services is good value based on earnings compared to the US Real Estate industry average.
  • LSL Property Services is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does LSL Property Services's expected growth come at a high price?
Raw Data
OTCPK:LSLP.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.3%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.49x ÷ 13.3%

1.01x

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

  • LSL Property Services is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on LSL Property Services's assets?
Raw Data
OTCPK:LSLP.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £1.39
LSE:LSL Share Price * LSE (2019-04-26) in GBP £2.35
United States of America Real Estate Industry PB Ratio Median Figure of 52 Publicly-Listed Real Estate Companies 1.44x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:LSLP.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:LSL Share Price ÷ Book Value per Share (both in GBP)

= 2.35 ÷ 1.39

1.69x

* Primary Listing of LSL Property Services.

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

  • LSL Property Services is overvalued based on assets compared to the US Real Estate industry average.
X
Value checks
We assess LSL Property Services'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. LSL Property Services has a total score of 2/6, 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.

LSLP.F Future Performance

 How is LSL Property Services expected to perform in the next 1 to 3 years based on estimates from 3 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
13.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LSL Property Services expected to grow at an attractive rate?
  • LSL Property Services's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • LSL Property Services's earnings growth is positive but not above the United States of America market average.
  • LSL Property Services's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:LSLP.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:LSLP.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.3%
OTCPK:LSLP.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.2%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
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:LSLP.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:LSLP.F Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 333 45 25 1
2022-12-31 316 44 24 2
2021-12-31 319 37 24 2
2020-12-31 320 36 20 3
2019-12-31 314 22 12 3
OTCPK:LSLP.F Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 325 24 18
2018-09-30 319 24 23
2018-06-30 313 24 28
2018-03-31 312 26 31
2017-12-31 312 29 33
2017-09-30 310 25 44
2017-06-30 308 21 55
2017-03-31 308 22 53
2016-12-31 308 22 50
2016-09-30 310 28 41
2016-06-30 312 33 32
2016-03-31 306 31 31

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LSL Property Services's earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
  • LSL Property Services's revenue is expected to grow by 0.2% 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:LSLP.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from LSL Property Services Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LSLP.F Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.24 0.24 0.24 1.00
2022-12-31 0.24 0.24 0.24 1.00
2021-12-31 0.23 0.24 0.23 2.00
2020-12-31 0.19 0.21 0.18 2.00
2019-12-31 0.11 0.12 0.11 2.00
OTCPK:LSLP.F Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.17
2018-09-30 0.22
2018-06-30 0.27
2018-03-31 0.30
2017-12-31 0.33
2017-09-30 0.43
2017-06-30 0.53
2017-03-31 0.51
2016-12-31 0.49
2016-09-30 0.40
2016-06-30 0.31
2016-03-31 0.30

*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.
  • LSL Property Services is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LSL Property Services'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.
LSL Property Services 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.

LSLP.F Past Performance

  How has LSL Property Services 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 LSL Property Services'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.
  • LSL Property Services's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • LSL Property Services's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • LSL Property Services's 1-year earnings growth is negative, it can't be compared to the US Real Estate industry average.
Earnings and Revenue History
LSL Property Services'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 LSL Property Services Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:LSLP.F Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 324.64 17.88 224.06
2018-09-30 318.78 22.80 217.51
2018-06-30 312.91 27.72 210.96
2018-03-31 312.23 30.57 208.18
2017-12-31 311.54 33.41 205.41
2017-09-30 309.72 44.01 203.71
2017-06-30 307.90 54.61 202.01
2017-03-31 307.83 52.55 202.92
2016-12-31 307.75 50.49 203.84
2016-09-30 309.78 41.27 200.41
2016-06-30 311.80 32.05 196.99
2016-03-31 306.20 31.23 194.04
2015-12-31 300.59 30.41 191.10
2015-09-30 294.21 17.72 190.60
2015-06-30 287.82 5.02 190.10
2015-03-31 287.66 15.06 189.15
2014-12-31 287.50 25.10 188.21
2014-09-30 283.59 28.76 186.47
2014-06-30 279.67 32.42 184.73
2014-03-31 269.14 23.21 177.80
2013-12-31 258.60 14.00 170.87
2013-09-30 250.21 16.83 166.88
2013-06-30 241.83 19.66 162.90
2013-03-31 242.84 13.33 162.11
2012-12-31 243.85 7.00 161.33
2012-09-30 239.82 4.62 157.04
2012-06-30 235.80 2.24 152.75

*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.
  • LSL Property Services has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LSL Property Services used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • LSL Property Services's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LSL Property Services'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.
LSL Property Services has a total score of 2/6, 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.

LSLP.F Health

 How is LSL Property Services'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 LSL Property Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LSL Property Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • LSL Property Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of LSL Property Services'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x 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 LSL Property Services Company Filings, last reported 4 months ago.

OTCPK:LSLP.F Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 142.59 51.61 2.41
2018-09-30 142.59 51.61 2.41
2018-06-30 146.00 63.03 0.52
2018-03-31 146.00 63.03 0.52
2017-12-31 148.58 41.11
2017-09-30 148.58 41.11
2017-06-30 134.49 42.26
2017-03-31 134.49 42.26
2016-12-31 128.77 37.21
2016-09-30 128.77 37.21
2016-06-30 108.38 88.63
2016-03-31 108.38 88.63
2015-12-31 107.36 68.29 5.60
2015-09-30 107.36 68.29 5.60
2015-06-30 88.07 84.02 1.00
2015-03-31 88.07 84.02 1.00
2014-12-31 83.10 61.08
2014-09-30 83.10 61.08
2014-06-30 113.25 42.10 1.03
2014-03-31 113.25 42.10 1.03
2013-12-31 99.32 48.86 0.47
2013-09-30 99.32 48.86 0.47
2013-06-30 77.30 51.00 0.22
2013-03-31 77.30 51.00 0.22
2012-12-31 76.08 44.56 0.23
2012-09-30 76.08 44.56 0.23
2012-06-30 60.71 49.50 0.34
  • LSL Property Services's level of debt (36.2%) 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 (49% vs 36.2% today).
  • Debt is well covered by operating cash flow (46%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.1x coverage).
X
Financial health checks
We assess LSL Property Services'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. LSL Property Services 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.

LSLP.F Dividends

 What is LSL Property Services'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
4.64%
Current annual income from LSL Property Services dividends. Estimated to be 4.79% next year.
If you bought $2,000 of LSL Property Services shares you are expected to receive $93 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?
  • LSL Property Services's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • LSL Property Services's dividend is above the markets top 25% of dividend payers in United States of America (3.69%).
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:LSLP.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 3 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 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 1.4%
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:LSLP.F Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.12 1.00
2022-12-31 0.12 2.00
2021-12-31 0.12 3.00
2020-12-31 0.11 5.00
2019-12-31 0.10 5.00
OTCPK:LSLP.F Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.109 4.159
2019-03-05 0.109 4.232
2018-03-06 0.113 4.434
2017-08-01 0.103 4.099
2017-04-07 0.103 4.683
2017-03-07 0.103 4.895
2016-04-04 0.126 5.450
2015-04-02 0.123 3.810
2015-03-12 0.123 3.786
2014-03-28 0.105 3.094
2014-03-06 0.105 2.286
2013-07-30 0.097 2.168
2013-02-28 0.095 2.706
2012-03-19 0.087 3.682
2012-03-01 0.087 3.360
2011-07-15 0.056 2.371
2011-03-23 0.084 3.080
2011-03-02 0.084 3.322
2010-08-04 0.050 2.083
2010-07-15 0.050 1.881
2010-03-03 0.108 3.978
2010-03-01 0.108 3.878
2009-08-05 0.000 0.000

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

  • LSL Property Services has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but LSL Property Services only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of LSL Property Services's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess LSL Property Services'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 LSL Property Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LSL Property Services has a total score of 4/6, see the detailed checks below.


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

LSLP.F Management

 What is the CEO of LSL Property Services'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
Ian Crabb
COMPENSATION £774,629
TENURE AS CEO 5.7 years
CEO Bio

Mr. Ian Crabb has been the Group Chief Executive Officer of LSL Property Services Plc since September 9, 2013. Mr. Crabb served as an Executive Officer of Permira Advisers Ltd. He joined Permira in 1998. He served as Chief Executive Officer of Quadriga Worldwide Ltd. since 2004. He spent 6 years with Bain & Company, a leading business strategy consultancy, where he worked with a variety of clients in Europe and North America. In 1991 he joined IIKON Office Solutions, Inc., (formerly Erskine House Group) as Corporate Development Director. Mr. Crabb served as Chief Executive Officer of IKON UK and IKON Europe. He spent seven years with IKON. He served as the Chairman of learndirect and Ufi Limited. He serves as an Executive Director of LSL Property Services Plc. since September 9, 2013. He served as Director of learndirect Limited. He was a member of Permira's Industrial Advisory Board and was involved in taking private Hogg Robinson PLC. Mr. Crabb qualified as a Chartered Accountant. He received his MBA from Harvard Business School. He holds BA in Geography from Oxford University.

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

Average tenure of the LSL Property Services management team in years:

4.6
Average Tenure
  • The tenure for the LSL Property Services management team is about average.
Management Team

Ian Crabb

TITLE
Group CEO & Executive Director
COMPENSATION
£775K
TENURE
5.7 yrs

Adam Castleton

TITLE
Group CFO & Executive Director
COMPENSATION
£550K
AGE
54
TENURE
3.5 yrs

Helen Buck

TITLE
Executive Director of Estate Agency & Executive Director
COMPENSATION
£459K
AGE
58
TENURE
2.3 yrs

Sapna FitzGerald

TITLE
General Counsel & Company Secretary
TENURE
15.3 yrs

Melanie Cowell

TITLE
PR Manager

David Walsh

TITLE
Head of Risk & Audit
Board of Directors Tenure

Average tenure and age of the LSL Property Services board of directors in years:

4.3
Average Tenure
57
Average Age
  • The tenure for the LSL Property Services board of directors is about average.
Board of Directors

Simon Embley

TITLE
Non Executive Chairman
AGE
57
TENURE
4.3 yrs

Ian Crabb

TITLE
Group CEO & Executive Director
COMPENSATION
£775K
TENURE
5.7 yrs

Bill Shannon

TITLE
Non Executive Deputy Chairman & Senior Independent Director
COMPENSATION
£73K
AGE
69
TENURE
4.3 yrs

Adam Castleton

TITLE
Group CFO & Executive Director
COMPENSATION
£550K
AGE
54
TENURE
3.2 yrs

Helen Buck

TITLE
Executive Director of Estate Agency & Executive Director
COMPENSATION
£459K
AGE
58
TENURE
7.4 yrs

David Stewart

TITLE
Independent Non Executive Director
COMPENSATION
£47K
AGE
53
TENURE
4 yrs

Darrell Evans

TITLE
Non Executive Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by LSL Property Services insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Apr 19 Buy Ian Crabb Individual 04. Apr 19 04. Apr 19 21,000 $3.62 $76,031
14. Jun 18 Buy Simon Embley Individual 13. Jun 18 13. Jun 18 675,924 $3.41 $2,306,626
X
Management checks
We assess LSL Property Services'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. LSL Property Services 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.

LSLP.F News

Simply Wall St News

LSLP.F Company Info

Description

LSL Property Services plc provides residential property services for lenders, buyers and sellers of residential properties, tenants, and landlords in the United Kingdom. It operates in two segments, Estate Agency and Related Services, and Surveying and Valuation Services. The Estate Agency and Related Services segment is involved in the sale and letting of residential properties; operation of a network of high street branches; provision of repossession asset management services; and arrangement of mortgages for various lenders, as well as offers pure protection and general insurance policies for a panel of insurance companies through the estate agency branches. It also provides marketing, conveyancing, and financial services. The Surveying and Valuation Services segment provides valuations and professional survey services of residential properties. The company also offers panel and property management services. LSL Property Services plc was incorporated in 2004 and is headquartered in London, the United Kingdom.

Details
Name: LSL Property Services plc
LSLP.F
Exchange: OTCPK
Founded: 2004
£307,220,357
102,662,585
Website: http://www.lslps.co.uk
Address: LSL Property Services plc
1-3 Sun Street,
London,
Greater London, EC2A 2EP,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE LSL Ordinary Shares London Stock Exchange GB GBP 16. Nov 2006
OTCPK LSLP.F Ordinary Shares Pink Sheets LLC US USD 16. Nov 2006
BATS-CHIXE LSLL Ordinary Shares BATS 'Chi-X Europe' GB GBP 16. Nov 2006
Number of employees
Current staff
Staff numbers
5,463
LSL Property Services employees.
Industry
Real Estate Services
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:39
End of day share price update: 2019/04/26 00:00
Last estimates confirmation: 2019/04/30
Last earnings filing: 2019/03/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.