Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$2.70, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Renewable Energy industry globally. Total returns to shareholders of 14% over the past three years. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Founder, MD & Director Adam Bloomer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Founder, MD & Director Adam Bloomer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Jan 22
LGI Limited to Report First Half, 2026 Results on Feb 20, 2026 LGI Limited announced that they will report first half, 2026 results on Feb 20, 2026 Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Founder, MD & Director Adam Bloomer was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Aug 18
Final dividend of AU$0.013 announced Shareholders will receive a dividend of AU$0.013. Ex-date: 10th September 2025 Payment date: 25th September 2025 Dividend yield will be 0.6%, which is lower than the industry average of 3.2%. Declared Dividend • Feb 16
First half dividend of AU$0.012 announced Dividend of AU$0.012 is the same as last year. Ex-date: 19th March 2025 Payment date: 27th March 2025 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Duyuru • Feb 15
LGI Limited Announces Ordinary Fully Paid Distribution for the Six Months Ended December 31, 2024, Payable on March 27, 2025 LGI Limited announced ordinary fully paid distribution of AUD 0.01200000 per share for the six months ended December 31, 2024, payable on March 27, 2025. Record Date is March 20, 2025. Ex Date is March 19, 2025. Duyuru • Feb 10
LGI Limited Announces Company Secretary Changes LGI Limited announced that Ms. Priyamvada (Pia) Rasal has been appointed as Company Secretary, effective immediately. Ms. Rasal, an employee of Automic Group (the Company's corporate secretarial provider) will replace Mr. Hasaka Martin as Company Secretary with effect from 10 February 2025. Buy Or Sell Opportunity • Feb 05
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at AU$2.96. The fair value is estimated to be AU$3.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Duyuru • Jan 30
LGI Limited to Report First Half, 2025 Results on Feb 14, 2025 LGI Limited announced that they will report first half, 2025 results on Feb 14, 2025 Duyuru • Oct 22
LGI Limited, Annual General Meeting, Nov 20, 2024 LGI Limited, Annual General Meeting, Nov 20, 2024. Location: at 57 harvey street n, eagle farm, qld 4009, Australia Buy Or Sell Opportunity • Oct 07
Now 22% overvalued Over the last 90 days, the stock has fallen 1.4% to AU$2.89. The fair value is estimated to be AU$2.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Buy Or Sell Opportunity • Sep 06
Now 22% overvalued Over the last 90 days, the stock has fallen 5.6% to AU$2.87. The fair value is estimated to be AU$2.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Declared Dividend • Aug 26
Final dividend of AU$0.013 announced Shareholders will receive a dividend of AU$0.013. Ex-date: 11th September 2024 Payment date: 26th September 2024 Dividend yield will be 0.9%, which is lower than the industry average of 3.2%. Reported Earnings • Aug 23
Full year 2024 earnings released: EPS: AU$0.075 (vs AU$0.077 in FY 2023) Full year 2024 results: EPS: AU$0.075. Revenue: AU$33.4m (up 3.5% from FY 2023). Net income: AU$6.67m (up 3.6% from FY 2023). Profit margin: 20% (in line with FY 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Global Renewable Energy industry. Duyuru • Jul 26
LGI Limited to Report Fiscal Year 2024 Results on Aug 23, 2024 LGI Limited announced that they will report fiscal year 2024 results Pre-Market on Aug 23, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$2.57, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Renewable Energy industry globally. Total returns to shareholders of 3.5% over the past year. Upcoming Dividend • Mar 12
Upcoming dividend of AU$0.012 per share Eligible shareholders must have bought the stock before 19 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Australian dividend payers (6.3%). Lower than average of industry peers (3.0%). Recent Insider Transactions • Mar 05
CEO & Executive Director recently sold AU$330k worth of stock On the 29th of February, Jessica North sold around 150k shares on-market at roughly AU$2.20 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jessica's only on-market trade for the last 12 months. Reported Earnings • Feb 27
First half 2024 earnings released: EPS: AU$0.035 (vs AU$0.031 in 1H 2023) First half 2024 results: EPS: AU$0.035 (up from AU$0.031 in 1H 2023). Revenue: AU$15.8m (down 3.2% from 1H 2023). Net income: AU$3.10m (up 25% from 1H 2023). Profit margin: 20% (up from 15% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Global Renewable Energy industry. Declared Dividend • Feb 24
First half dividend of AU$0.012 announced Shareholders will receive a dividend of AU$0.012. Ex-date: 19th March 2024 Payment date: 27th March 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.2%. Duyuru • Feb 15
LGI Limited to Report First Half, 2024 Results on Feb 22, 2024 LGI Limited announced that they will report first half, 2024 results on Feb 22, 2024 New Risk • Sep 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 35% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Upcoming Dividend • Sep 04
Upcoming dividend of AU$0.012 per share at 1.2% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 26 September 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (3.3%). New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Duyuru • Aug 29
LGI Limited, Annual General Meeting, Nov 15, 2023 LGI Limited, Annual General Meeting, Nov 15, 2023, at 10:30 E. Australia Standard Time. Duyuru • Jul 24
LGI Limited to Report Fiscal Year 2023 Results on Aug 29, 2023 LGI Limited announced that they will report fiscal year 2023 results on Aug 29, 2023 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$2.54, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 13x in the Renewable Energy industry globally. Duyuru • Jun 14
LGI Limited Provides Revenue Guidance for the Year 2023 LGI Limited announced that Unaudited underlying revenue guidance for FY23 is between $32.2 million and $32.8 million, representing between 3.0% and 4.9% increase on earlier guidance of $31.3 million. 
