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LTE

Lighthouse CapitalJSE:LTE Stock Report

Market Cap

R10.1b

7D

0.6%

1Y

26.9%

Updated

01 Dec, 2021

Data

Company Financials
LTE fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends1/6

LTE Stock Overview

Lighthouse Capital Limited invests in direct property, and listed real estate and infrastructure securities.

Price History & Performance

Summary of all time highs, changes and price drops for Lighthouse Capital
Historical stock prices
Current Share PriceR8.25
52 Week HighR9.20
52 Week LowR6.00
Beta0.87
1 Month Change-1.43%
3 Month Change-1.79%
1 Year Change26.92%
3 Year Change3.13%
5 Year Change-73.56%
Change since IPO-93.77%

Recent News & Updates

Shareholder Returns

LTEZA Real EstateZA Market
7D0.6%-4.0%-1.0%
1Y26.9%32.0%17.7%

Return vs Industry: LTE underperformed the ZA Real Estate industry which returned 32% over the past year.

Return vs Market: LTE exceeded the ZA Market which returned 17.7% over the past year.

Price Volatility

Is LTE's price volatile compared to industry and market?
LTE volatility
LTE Average Weekly Movement3.5%
Real Estate Industry Average Movement6.2%
Market Average Movement6.1%
10% most volatile stocks in ZA Market12.3%
10% least volatile stocks in ZA Market3.4%

Stable Share Price: LTE is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: LTE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2014n/aJustin Mullerhttps://www.lighthousecapital.mu

Lighthouse Capital Limited invests in direct property, and listed real estate and infrastructure securities. Its property portfolio includes retail, logistics, industrial, warehousing, and office properties in Australia, Canada, Hong Kong, Singapore, the United Kingdom, Europe, and the United States. The company was formerly known as Greenbay Properties Ltd.

Lighthouse Capital Fundamentals Summary

How do Lighthouse Capital's earnings and revenue compare to its market cap?
LTE fundamental statistics
Market Cap€561.66m
Earnings (TTM)-€216.87m
Revenue (TTM)n/a

-5.5x

P/S Ratio

-2.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LTE income statement (TTM)
Revenue-€103.88m
Cost of Revenue€8.54m
Gross Profit-€112.42m
Expenses€104.45m
Earnings-€216.87m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.17
Gross Margin108.22%
Net Profit Margin208.77%
Debt/Equity Ratio53.3%

How did LTE perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

-12%

Payout Ratio

Valuation

Is Lighthouse Capital undervalued compared to its fair value and its price relative to the market?

2.9x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: LTE (ZAR8.25) is trading above our estimate of fair value (ZAR2.79)

Significantly Below Fair Value: LTE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LTE is unprofitable, so we can't compare its PE Ratio to the ZA Real Estate industry average.

PE vs Market: LTE is unprofitable, so we can't compare its PE Ratio to the ZA market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LTE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LTE is overvalued based on its PB Ratio (2.9x) compared to the ZA Real Estate industry average (0.6x).


Future Growth

How is Lighthouse Capital forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.2%

Forecasted Real Estate industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Lighthouse Capital has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Lighthouse Capital performed over the past 5 years?

-63.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LTE is currently unprofitable.

Growing Profit Margin: LTE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LTE is unprofitable, and losses have increased over the past 5 years at a rate of 63.5% per year.

Accelerating Growth: Unable to compare LTE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LTE is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (8%).


Return on Equity

High ROE: LTE has a negative Return on Equity (-110.13%), as it is currently unprofitable.


Financial Health

How is Lighthouse Capital's financial position?


Financial Position Analysis

Short Term Liabilities: LTE's short term assets (€28.0M) exceed its short term liabilities (€6.1M).

Long Term Liabilities: LTE's short term assets (€28.0M) do not cover its long term liabilities (€132.3M).


Debt to Equity History and Analysis

Debt Level: LTE's net debt to equity ratio (42%) is considered high.

Reducing Debt: LTE's debt to equity ratio has increased from 4.4% to 53.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable LTE has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: LTE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.1% per year.


Dividend

What is Lighthouse Capital current dividend yield, its reliability and sustainability?

6.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LTE's dividend (6.63%) is higher than the bottom 25% of dividend payers in the ZA market (2.97%).

High Dividend: LTE's dividend (6.63%) is low compared to the top 25% of dividend payers in the ZA market (7.61%).


Stability and Growth of Payments

Stable Dividend: LTE has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: LTE has only been paying a dividend for 5 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: LTE is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.3yrs

Average management tenure


CEO

Justin Muller (37 yo)

0.33

Tenure

€214,099

Compensation

Mr. Justin Jamer Muller, CA(SA), BCompt (Hons), NDREES, has been the Chief Investment Officer and Executive Director of Lighthouse Capital Limited since May 13, 2019 and has been its Chief Executive Office...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Justin's total compensation is reasonable compared to companies of similar size in the ZA market.

Compensation vs Earnings: Insufficient data to compare Justin's compensation with company performance.


Leadership Team

Experienced Management: LTE's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: LTE's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.


Top Shareholders

Company Information

Lighthouse Capital Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Lighthouse Capital Limited
  • Ticker: LTE
  • Exchange: JSE
  • Founded: 2014
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: R10.143b
  • Shares outstanding: 1.25b
  • Website: https://www.lighthousecapital.mu

Location

  • Lighthouse Capital Limited
  • C1-401, La Croisette
  • 4th Floor
  • Grand Baie
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/01 17:01
End of Day Share Price2021/12/01 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.