How does LTE's PE Ratio compare to its peers?

LTE is good value based on its Price-To-Earnings Ratio (1.8x) compared to the peer average (4.7x).

How does LTE's PE Ratio compare vs other companies in the African Real Estate Industry?

LTE is good value based on its Price-To-Earnings Ratio (1.8x) compared to the African Real Estate industry average (9.8x).

What is LTE'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.

Insufficient data to calculate LTE's Price-To-Earnings Fair Ratio for valuation analysis.

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

LTE (ZAR7.73) is trading above our estimate of [[fair value]] (ZAR5.48)

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

Insufficient data to show price forecast.

Lighthouse Properties (JSE:LTE) - Stock Price, News & Analysis

LTE Stock Overview

Invests in direct property, and listed real estate and infrastructure securities in France, Portugal, Slovenia, Spain, and the United Kingdom. More details

LTE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	3/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (1.8x) is below the ZA market (10.1x)

Earnings grew by 1124.8% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Dividend of 6.01% is not well covered by free cash flows

Shareholders have been diluted in the past year

Lighthouse Properties p.l.c. Competitors

MAS

JSE:MSP

R12.9b

Fortress Real Estate Investments

JSE:FFB

R22.5b

Fortress Real Estate Investments

JSE:FFA

R34.3b

Acsion

JSE:ACS

R2.7b

Price History & Performance

Summary of all time highs, changes and price drops for Lighthouse Properties
Historical stock prices
Current Share Price	R7.73
52 Week High	R8.50
52 Week Low	R5.57
Beta	0.70
11 Month Change	-2.64%
3 Month Change	-5.50%
1 Year Change	33.28%
33 Year Change	-5.73%
5 Year Change	-12.66%
Change since IPO	-94.17%

Recent updates

Why Lighthouse Properties' (JSE:LTE) Earnings Are Weaker Than They Seem

Mar 18

What Lighthouse Properties plc's (JSE:LTE) 27% Share Price Gain Is Not Telling You

Dec 09

Shareholder Returns

	LTE	ZA Real Estate	ZA Market
7D	2.2%	1.4%	1.7%
1Y	33.3%	33.9%	15.6%

Return vs Industry: LTE underperformed the ZA Real Estate industry which returned 36.3% over the past year.

Return vs Market: LTE exceeded the ZA Market which returned 15.2% over the past year.

Price Volatility

Is LTE's price volatile compared to industry and market?
LTE volatility
LTE Average Weekly Movement	2.0%
Real Estate Industry Average Movement	6.4%
Market Average Movement	4.5%
10% most volatile stocks in ZA Market	9.5%
10% least volatile stocks in ZA Market	2.6%

Stable Share Price: LTE has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: LTE's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2014	12	Justin Muller	www.lighthouse.mt

Lighthouse Properties p.l.c. invests in direct property, and listed real estate and infrastructure securities in France, Portugal, Slovenia, Spain, and the United Kingdom. Its property portfolio includes retail assets. The company was formerly known as Lighthouse Capital Limited and changed its name to Lighthouse Properties p.l.c. in December 2021.

Lighthouse Properties p.l.c. Fundamentals Summary

How do Lighthouse Properties's earnings and revenue compare to its market cap?
LTE fundamental statistics
Market cap	R14.12b
Earnings (TTM)	R7.70b
Revenue (TTM)	R2.00b

1.8x

P/E Ratio

7.0x

P/S Ratio

Is LTE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
LTE income statement (TTM)
Revenue	€105.02m
Cost of Revenue	€40.82m
Gross Profit	€64.20m
Other Expenses	-€339.11m
Earnings	€403.31m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.22
Gross Margin	61.13%
Net Profit Margin	384.04%
Debt/Equity Ratio	51.2%

How did LTE perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

12%

Payout Ratio

LTE Stock Overview

Rewards

Risk Analysis

Lighthouse Properties p.l.c. Competitors

JSE:MSP

R12.9b

JSE:FFB

R22.5b

JSE:FFA

R34.3b

JSE:ACS

R2.7b

Price History & Performance

Recent News & Updates

Non-Independent Non-Executive Director recently bought R296k worth of stock

First half dividend of €0.012 announced

Lighthouse Properties p.l.c. Approves Interim Dividend for the Six Months Ended 30 June 2024, Payable on 12 September 2024

New major risk - Financial position

Non-Independent Non-Executive Director recently bought R2.9m worth of stock

Non-Independent Non-Executive Director recently bought R7.7m worth of stock

Recent updates

Non-Independent Non-Executive Director recently bought R296k worth of stock

First half dividend of €0.012 announced

Lighthouse Properties p.l.c. Approves Interim Dividend for the Six Months Ended 30 June 2024, Payable on 12 September 2024

New major risk - Financial position

Non-Independent Non-Executive Director recently bought R2.9m worth of stock

Non-Independent Non-Executive Director recently bought R7.7m worth of stock

Non-Independent Non-Executive Director recently bought R21m worth of stock

Lighthouse Properties p.l.c., Annual General Meeting, May 14, 2024

Upcoming dividend of €0.013 per share

Why Lighthouse Properties' (JSE:LTE) Earnings Are Weaker Than They Seem

Final dividend of €0.013 announced

Full year 2023 earnings released: EPS: €0.23 (vs €0.015 in FY 2022)

New minor risk - Financial data availability

Non-Independent Non-Executive Director recently bought R206k worth of stock

What Lighthouse Properties plc's (JSE:LTE) 27% Share Price Gain Is Not Telling You

Non-Independent Non-Executive Director recently bought R87k worth of stock

Lighthouse Properties plc Declares Dividend for the Six Months Ended 30 June 2023

Non-Independent Non-Executive Director recently bought R2.0m worth of stock

Non-Independent Non-Executive Director recently bought R1.9m worth of stock

Lighthouse Properties plc Announces Cash Dividend for the Six Months Ended 30 June 2023

Upcoming dividend of €0.013 per share at 11% yield

First half 2023 earnings released: EPS: €0.012 (vs €0.007 in 1H 2022)

Non-Independent Non-Executive Director recently bought R969k worth of stock

New minor risk - Earnings quality

Now 21% undervalued after recent price drop

Non-Independent Non-Executive Director recently bought R13m worth of stock

LIGHTHOUSE PROPERTIES p.l.c Appoints Nicolaas Willem as Alternate Non-Independent Non-Executive Director

Upcoming dividend of R0.28 per share at 10.0% yield

Non-Independent Non-Executive Director recently bought R386k worth of stock

Full year 2022 earnings released: EPS: €0.015 (vs €0.031 loss in FY 2021)

Non-Independent Non-Executive Director recently bought R551k worth of stock

Non-Independent Non-Executive Director recently bought R2.3m worth of stock

Non-Independent Non-Executive Director recently bought R3.3m worth of stock

Price target decreased to R7.88

High number of new directors

Non-Independent Non-Executive Director recently bought R1.7m worth of stock

Non-Independent Non-Executive Director recently bought R5.5m worth of stock

Non-Independent Non-Executive Director recently bought R3.3m worth of stock

Non-Independent Non-Executive Director recently bought R1.7m worth of stock

Non-Independent Non-Executive Director recently bought R399k worth of stock

Upcoming dividend of €0.016 per share

Lighthouse Properties plc Approves Amendments to the Articles of Association

High number of new directors

Lighthouse Properties plc, Annual General Meeting, May 06, 2022

High number of new directors

Upcoming dividend of €0.014 per share

Lighthouse Capital Limited has completed a Follow-on Equity Offering in the amount of ZAR 2.6 billion.

Independent Non-Executive Director David Axten has left the company

Independent Non-Executive Director Paul Edwards has left the company

First quarter 2021 earnings released: EPS €0.005 (vs €0.11 loss in 1Q 2020)

Upcoming dividend of R0.25 per share

Lighthouse Capital Limited Announces Executive Changes

Lighthouse Capital Limited, Annual General Meeting, Apr 30, 2021

Lighthouse Capital Limited Approves Final Distribution in Respect of the Nine Months Ended 31 December 2020, Payable on 19 April 2021

New 90-day high: R7.13

Lighthouse Capital Limited Announces Executive Changes

Lighthouse Capital Limited to Report 15 Months Period Ending Dec 31, 2020 Results on Feb 25, 2021

Full year 2020 earnings released: €0.30 loss per share

Lighthouse Capital Limited to Report Fiscal Year 2020 Results on Nov 10, 2020