Financials Land Securities Group Plc BOERSE MUENCHEN

Equities

LSU2

GB00BYW0PQ60

Diversified REITs

Real-time BOERSE MUENCHEN 05:44:11 02/07/2024 pm IST 5-day change 1st Jan Change
7.55 EUR 0.00% Intraday chart for Land Securities Group Plc +0.67% -8.48%

Valuation

Fiscal Period: Maart 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 4,123 5,110 5,816 4,606 4,883 4,673 - -
Enterprise Value (EV) 1 8,101 8,626 9,976 7,954 4,883 8,324 8,550 8,841
P/E ratio -4.95 x -3.67 x 6.71 x -7.43 x -15.3 x 13.4 x 7.87 x 7.75 x
Yield 4.17% 3.91% 4.71% 6.21% - 6.35% 6.47% 6.7%
Capitalization / Revenue 6.13 x 8.93 x 9.92 x 7.12 x 7.62 x 7.28 x 7.1 x 6.94 x
EV / Revenue 12.1 x 15.1 x 17 x 12.3 x 7.62 x 13 x 13 x 13.1 x
EV / EBITDA 15.9 x 26.5 x 23.4 x 16.7 x 10.3 x 17.7 x 17.5 x 17 x
EV / FCF 35.4 x 15.8 x 64.4 x 6.34 x - 72.1 x 44.4 x 35.9 x
FCF Yield 2.83% 6.34% 1.55% 15.8% - 1.39% 2.25% 2.78%
Price to Book 0.47 x 0.71 x 0.74 x 0.67 x - 0.71 x 0.68 x 0.65 x
Nbr of stocks (in thousands) 7,40,393 7,40,516 7,40,263 7,41,542 7,41,837 7,41,780 - -
Reference price 2 5.568 6.901 7.856 6.212 6.582 6.300 6.300 6.300
Announcement Date 12/05/20 18/05/21 17/05/22 16/05/23 17/05/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 672 572 586 647 641 642.1 658.6 673
EBITDA 1 509 325 426 477 473 470.4 489.7 519.5
EBIT 1 509 303 416 466 462 467.8 493.5 526.3
Operating Margin 75.74% 52.97% 70.99% 72.02% 72.07% 72.85% 74.93% 78.2%
Earnings before Tax (EBT) 1 -837 -1,393 875 -622 -341 242.4 457.1 551.5
Net income 1 -832 -1,393 869 -619 -319 402.1 586.3 600.9
Net margin -123.81% -243.53% 148.29% -95.67% -49.77% 62.63% 89.03% 89.28%
EPS 2 -1.124 -1.882 1.171 -0.8360 -0.4300 0.4708 0.8007 0.8132
Free Cash Flow 1 229 547 155 1,254 - 115.5 192.5 246
FCF margin 34.08% 95.63% 26.45% 193.82% - 17.99% 29.23% 36.55%
FCF Conversion (EBITDA) 44.99% 168.31% 36.38% 262.89% - 24.55% 39.31% 47.36%
FCF Conversion (Net income) - - 17.84% - - 28.72% 32.83% 40.94%
Dividend per Share 2 0.2320 0.2700 0.3700 0.3860 - 0.4000 0.4078 0.4223
Announcement Date 12/05/20 18/05/21 17/05/22 16/05/23 17/05/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Maart 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales - 308 - - - - - - - -
EBITDA - - - - - - - - - -
EBIT 1 - - 209 207 231 235 238 224 237.8 224.6
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income - - - - - - - - - -
Net margin - - - - - - - - - -
EPS - - - - - - - - - -
Dividend per Share 0.1200 - 0.1550 - 0.1760 - 0.1820 - - -
Announcement Date 10/11/20 18/05/21 16/11/21 17/05/22 15/11/22 16/05/23 14/11/23 17/05/24 - -
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: Maart 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 3,978 3,516 4,160 3,348 - 3,651 3,877 4,168
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 7.815 x 10.82 x 9.765 x 7.019 x - 7.76 x 7.916 x 8.024 x
Free Cash Flow 1 229 547 155 1,254 - 116 193 246
ROE (net income / shareholders' equity) 4.43% 3.15% 4.69% 5.27% - 5.49% 5.46% 5.51%
ROA (Net income/ Total Assets) 2.92% 1.98% 2.97% 3.29% - 4.07% 5.32% 4.36%
Assets 1 -28,531 -70,343 29,230 -18,815 - 9,876 11,021 13,768
Book Value Per Share 2 11.80 9.730 10.70 9.330 - 8.860 9.320 9.650
Cash Flow per Share 2 0.5400 0.3100 0.5100 0.4600 - 0.5100 0.5100 0.5300
Capex 1 172 177 344 355 - 275 389 204
Capex / Sales 25.6% 30.94% 58.7% 54.87% - 42.87% 59% 30.26%
Announcement Date 12/05/20 18/05/21 17/05/22 16/05/23 17/05/24 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
6.3 GBP
Average target price
7.256 GBP
Spread / Average Target
+15.17%
Consensus

Annual profits - Rate of surprise

  1. Stock Market
  2. Equities
  3. LAND Stock
  4. LSU2 Stock
  5. Financials Land Securities Group Plc