| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 1/6 |
LTE Stock Overview
Lighthouse Properties plc invests in direct property, and listed real estate and infrastructure securities.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R8.90 |
| 52 Week High | R9.45 |
| 52 Week Low | R6.00 |
| Beta | 0.91 |
| 1 Month Change | 4.09% |
| 3 Month Change | 7.23% |
| 1 Year Change | 30.88% |
| 3 Year Change | 24.83% |
| 5 Year Change | -71.29% |
| Change since IPO | -93.28% |
Recent News & Updates
Shareholder Returns
| LTE | ZA Real Estate | ZA Market | |
|---|---|---|---|
| 7D | -2.2% | -0.3% | 0.2% |
| 1Y | 30.9% | 22.3% | 12.8% |
Return vs Industry: LTE exceeded the ZA Real Estate industry which returned 22.3% over the past year.
Return vs Market: LTE exceeded the ZA Market which returned 12.8% over the past year.
Price Volatility
| LTE volatility | |
|---|---|
| LTE Average Weekly Movement | 3.1% |
| Real Estate Industry Average Movement | 6.7% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in ZA Market | 12.5% |
| 10% least volatile stocks in ZA Market | 3.1% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2014 | n/a | Justin Muller | https://www.lighthousepropertiesplc.mt |
Lighthouse Properties plc 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 Lighthouse Capital Limited and changed its name to Lighthouse Properties plc in December 2021.
Lighthouse Properties Fundamentals Summary
| LTE fundamental statistics | |
|---|---|
| Market Cap | €640.82m |
| Earnings (TTM) | -€216.87m |
| Revenue (TTM) | n/a |
-6.2x
P/S Ratio-3.0x
P/E RatioIs LTE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 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 Margin | 108.22% |
| Net Profit Margin | 208.77% |
| Debt/Equity Ratio | 53.3% |
How did LTE perform over the long term?
See historical performance and comparisonDividends
5.9%
Current Dividend Yield-12%
Payout RatioValuation
Is Lighthouse Properties undervalued compared to its fair value and its price relative to the market?
3.25x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: LTE (ZAR8.9) is trading above our estimate of fair value (ZAR2.85)
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 (3.3x) compared to the ZA Real Estate industry average (0.6x).
Future Growth
How is Lighthouse Properties forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
34.2%
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 Properties 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 Properties 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 (2.7%).
Return on Equity
High ROE: LTE has a negative Return on Equity (-110.13%), as it is currently unprofitable.
Financial Health
How is Lighthouse Properties'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 Properties's current dividend yield, its reliability and sustainability?
5.90%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LTE's dividend (5.9%) is higher than the bottom 25% of dividend payers in the ZA market (3.02%).
High Dividend: LTE's dividend (5.9%) is low compared to the top 25% of dividend payers in the ZA market (7.09%).
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?
2.7yrs
Average management tenure
CEO
Justin Muller (37 yo)
2.67yrs
Tenure
Mr. Justin Jamer Muller, CA(SA), BCompt (Hons), NDREES, has been the Chief Investment Officer and Executive Director of Lighthouse Properties plc (formerly known as Lighthouse Capital Limited) since May 13...
Leadership Team
Experienced Management: LTE's management team is considered experienced (2.7 years average tenure).
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 Properties plc's employee growth, exchange listings and data sources
Key Information
- Name: Lighthouse Properties plc
- Ticker: LTE
- Exchange: JSE
- Founded: 2014
- Industry: Real Estate Operating Companies
- Sector: Real Estate
- Implied Market Cap: R11.117b
- Shares outstanding: 1.25b
- Website: https://www.lighthousepropertiesplc.mt
Location
- Lighthouse Properties plc
- Office 41, Block A
- 4th Floor
- Sliema
- 3040
- Malta
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 21:22 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.