Financials LondonMetric Property Plc

Equities

LMP

GB00B4WFW713

Commercial REITs

Market Closed - London S.E. 11:35:08 2024-07-12 EDT 5-day change 1st Jan Change
201.8 GBX +1.10% Intraday chart for LondonMetric Property Plc +4.24% +5.38%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 1,476 1,934 2,681 1,713 4,133 4,113 - -
Enterprise Value (EV) 1 2,364 2,720 3,651 2,707 4,133 5,996 6,021 6,049
P/E ratio -251 x 7.49 x 3.52 x -3.39 x 19.2 x 13 x 9.58 x 8.92 x
Yield 4.72% 4.05% 3.35% 5.41% - 5.95% 6.01% 6.16%
Capitalization / Revenue 13.3 x 16.2 x 20.1 x 11.7 x 23.6 x 11 x 10.7 x 10.3 x
EV / Revenue 21.3 x 22.7 x 27.4 x 18.4 x 23.6 x 16.1 x 15.6 x 15.2 x
EV / EBITDA 23.1 x 24.4 x 30 x 20.1 x 25.1 x 16.7 x 16.4 x 16 x
EV / FCF 88.9 x 36.6 x 56.6 x 25 x - 26.6 x 51.9 x 59.3 x
FCF Yield 1.13% 2.73% 1.77% 4% - 3.75% 1.93% 1.69%
Price to Book 1 x 1.11 x 1.05 x 0.86 x - 1 x 0.95 x 0.91 x
Nbr of stocks (in thousands) 838,882 905,312 972,088 975,384 2,034,068 2,037,977 - -
Reference price 2 1.759 2.136 2.758 1.756 2.032 2.018 2.018 2.018
Announcement Date 20-06-10 21-05-27 22-05-26 23-05-24 24-06-04 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 111.1 119.7 133.1 146.8 175.3 372.2 385.1 397.4
EBITDA 1 102.5 111.4 121.8 134.4 164.9 358.7 366 378.9
EBIT 1 101.8 110.7 121.2 133.8 164.2 345.5 359.1 370.1
Operating Margin 91.63% 92.48% 91.06% 91.14% 93.67% 92.82% 93.26% 93.13%
Earnings before Tax (EBT) 1 -6.7 258.1 738.3 -507.5 120 402.8 457.1 474.2
Net income 1 -5.7 257.3 734.5 -506.3 118.7 393.3 439.8 474.4
Net margin -5.13% 214.95% 551.84% -344.89% 67.71% 105.67% 114.21% 119.39%
EPS 2 -0.007000 0.2850 0.7840 -0.5180 0.1060 0.1546 0.2106 0.2263
Free Cash Flow 1 26.6 74.3 64.5 108.3 - 225 116 102
FCF margin 23.94% 62.07% 48.46% 73.77% - 60.45% 30.12% 25.67%
FCF Conversion (EBITDA) 25.95% 66.7% 52.96% 80.58% - 62.73% 31.69% 26.92%
FCF Conversion (Net income) - 28.88% 8.78% - - 57.21% 26.38% 21.5%
Dividend per Share 2 0.0830 0.0865 0.0925 0.0950 - 0.1200 0.1212 0.1242
Announcement Date 20-06-10 21-05-27 22-05-26 23-05-24 24-06-04 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2021 S1 2022 S1 2023 S1 2024 S1
Net sales - - - -
EBITDA - - - -
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income - - - -
Net margin - - - -
EPS - - - -
Dividend per Share 1 0.0420 0.0440 0.0460 0.0480
Announcement Date 20-11-19 21-11-18 22-11-23 23-11-23
1GBP
Estimates

Balance Sheet Analysis

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 889 786 970 994 - 1,883 1,908 1,936
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 8.67 x 7.057 x 7.965 x 7.396 x - 5.25 x 5.213 x 5.11 x
Free Cash Flow 1 26.6 74.3 64.5 108 - 225 116 102
ROE (net income / shareholders' equity) 5.63% 5.41% 4.36% 4.47% - 6.63% 7.53% 7.32%
ROA (Net income/ Total Assets) 3.52% 3.39% 2.98% 3% - 4% 5.17% 5.07%
Assets 1 -161.9 7,583 24,673 -16,860 - 9,833 8,509 9,351
Book Value Per Share 2 1.770 1.930 2.620 2.040 - 2.020 2.120 2.230
Cash Flow per Share 2 - - - - - 0.1100 0.1200 0.1300
Capex 1 18.1 25.3 55 24.7 - - - -
Capex / Sales 16.29% 21.14% 41.32% 16.83% - - - -
Announcement Date 20-06-10 21-05-27 22-05-26 23-05-24 24-06-04 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
10
Last Close Price
2.018 GBP
Average target price
2.277 GBP
Spread / Average Target
+12.82%
Consensus

Annual profits - Rate of surprise

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