LI Stock Analysis: Klepierre | PA
REIT - Retail | PA, France | Market Cap: 10.416m EUR | 12M Return: 15.6% | FR0000121964 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 15.9M
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Klépierre SA is a France-based retail REIT and the largest operator of shopping malls in continental Europe. The company owns and manages large shopping centers across more than 10 countries, with a portfolio valued at €21.8 billion as of June 30, 2026, drawing over 720 million visitors annually. Revenue is generated primarily through leasing space to retail tenants, and the company highlights sustainability and climate-related initiatives as part of its operations. Klépierre was incorporated in France in November 2009 and trades on the Paris exchange under the ticker LI.
- Footfall recovery in major continental European shopping centers drives rental income
- Retailer demand and leasing spreads support net rental income growth
- ECB rate cuts gradually reduce financing costs across European mall portfolio
- E-commerce competition pressures occupancy in mid-tier retail assets
| Net Income: 1.37b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.77 > 1.0 |
| NWC/Revenue: -93.15% < 20% (prev -116.9%; Δ 23.79% < -1%) |
| CFO/TA 0.04 > 3% & CFO 921.1m > Net Income 1.37b |
| Net Debt (7.99b) to EBITDA (2.22b): 3.61 < 3 |
| Current Ratio: 0.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (286.4m) vs 12m ago -0.12% < -2% |
| Gross Margin: 73.06% > 18% (prev 74.20%; Δ -1.14% > 0.5%) |
| Asset Turnover: 9.49% > 50% (prev 5.72%; Δ 3.78% > 0%) |
| Interest Coverage Ratio: 7.67 > 6 (EBIT TTM 2.19b / Interest Expense TTM 286.3m) |
| A: -0.09 (Total Current Assets 849.7m - Total Current Liabilities 2.80b) / Total Assets 22.3b |
| B: 0.18 (Retained Earnings 4.04b / Total Assets 22.3b) |
| C: 0.10 (EBIT TTM 2.19b / Avg Total Assets 22.1b) |
| D: 0.89 (Book Value of Equity 9.47b / Total Liabilities 10.7b) |
| Altman-Z'' = 1.61 = BB |
| DSRI: 0.47 (Receivables 112.8m/142.4m, Revenue 2.10b/1.25b) |
| GMI: 1.02 (GM 74.20% / 73.06%) |
| AQI: 0.96 (AQ_t 0.08 / AQ_t-1 0.08) |
| SGI: 1.68 (Revenue 2.10b / 1.25b) |
| TATA: 0.02 (NI 1.37b - CFO 921.1m) / TA 22.3b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of September 30, 2026, the stock is trading at EUR 36.18 with a total of 585,834 shares traded. Over the past week, the price has changed by -1.04%, over one month by -3.42%, over three months by +0.12% and over the past year by +15.64%.
Current recommended Stop Loss: 35.40 (which is 2.2% or 1.6 ATR below the current price).
Klepierre has no consensus analysts rating.
P/E Trailing = 7.6143
P/E Forward = 12.5628
P/S = 5.9549
P/B = 1.107
P/EG = 9.6715
Revenue TTM = 2.10b EUR
EBIT TTM = 2.19b EUR
EBITDA TTM = 2.22b EUR
Long Term Debt = 5.85b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.87b EUR (from shortTermDebt, last quarter)
Debt = 8.34b EUR (from shortLongTermDebtTotal, last quarter) + Leases 322.0m
Net Debt = 7.99b EUR (calculated: Debt 8.34b - CCE 355.0m)
Enterprise Value = 18.4b EUR (10.4b + Debt 8.34b - CCE 355.0m)
Interest Coverage Ratio = 7.67 (Ebit TTM 2.19b / Interest Expense TTM 286.3m)
EV/FCF = 25.43x (Enterprise Value 18.4b / FCF TTM 723.9m)
FCF Yield = 3.93% (FCF TTM 723.9m / Enterprise Value 18.4b)
FCF Margin = 34.50% (FCF TTM 723.9m / Revenue TTM 2.10b)
Net Margin = 65.13% (Net Income TTM 1.37b / Revenue TTM 2.10b)
Gross Margin = 73.06% ((Revenue TTM 2.10b - Cost of Revenue TTM 565.2m) / Revenue TTM)
Gross Margin QoQ = 76.68% (prev 70.46%)
Tobins Q-Ratio = 0.82 (Enterprise Value 18.4b / Total Assets 22.3b)
Interest Expense / Debt = 3.43% (Interest Expense 286.3m / Debt 8.34b)
Taxrate = 14.12% (242.8m / 1.72b)
NOPAT = 1.88b (EBIT 2.19b * (1 - 14.12%))
Current Ratio = 0.30 (Total Current Assets 849.7m / Total Current Liabilities 2.80b)
Debt / Equity = 0.88 (Debt 8.34b / totalStockholderEquity, last quarter 9.47b)
Debt / EBITDA = 3.61 (Net Debt 7.99b / EBITDA 2.22b)
Debt / FCF = 11.04 (Net Debt 7.99b / FCF TTM 723.9m)
Total Stockholder Equity = 9.01b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.18% (Net Income 1.37b / Total Assets 22.3b)
RoE = 15.17% (Net Income TTM 1.37b / Total Stockholder Equity 9.01b)
RoCE = 14.77% (EBIT 2.19b / Capital Employed (Equity 9.01b + L.T.Debt 5.85b))
RoIC = 8.86% (NOPAT 1.88b / Invested Capital 21.3b)
WACC = 4.45% (E(10.4b)/V(18.8b) * Re(5.65%) + D(8.34b)/V(18.8b) * Rd(3.43%) * (1-Tc(0.14)))
Discount Rate = 5.65% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 40.67 | Cagr: 0.06%
[DCF] Terminal Value 77.97% ; FCFF base≈650.6m ; Y1≈745.8m ; Y5≈1.10b
[DCF] Fair Price = 29.73 (EV 16.5b - Net Debt 7.99b = Equity 8.53b / Shares 286.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 91.90 | EPS CAGR: 145.6% | SUE: N/A | # QB: 0
Revenue Correlation: 48.51 | Revenue CAGR: 9.09% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=2.82 | Chg30d=+0.22% | Revisions=+44% | GrowthEPS=+3.8% | GrowthRev=+5.9%
EPS next Year (2027-12-31): EPS=2.90 | Chg30d=+0.21% | Revisions=+67% | GrowthEPS=+2.7% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: +67% (up=11, down=1)