(LI) Klepierre - Ratings and Ratios
Shopping Centers, Real Estate, Investment Properties
Description: LI Klepierre
Klépierre SA is a leading European real estate investment trust (REIT) specializing in shopping malls, with a strong presence in continental Europe. The companys extensive portfolio, valued at €20.2 billion as of December 31, 2024, comprises large shopping centers across over 10 countries, attracting more than 700 million visitors annually.
From a sustainability perspective, Klépierre has demonstrated a strong commitment to environmental, social, and governance (ESG) practices, as reflected in its inclusion in various ethical indexes such as Euronext CAC40 ESG, CAC SBT1.5, MSCI Europe ESG Leaders, FTSE4Good, and Euronext Vigeo Europe120. Its recognition on CDPs A-list further underscores its leadership in addressing climate change.
To further analyze Klépierres performance, we can examine key performance indicators (KPIs) such as Funds From Operations (FFO) per share, Net Operating Income (NOI) growth, and occupancy rates. A review of these metrics can provide insights into the companys ability to generate cash flows, manage its assets, and maintain a strong financial position. For instance, a stable or increasing FFO per share can indicate a healthy and profitable business model.
Additionally, Klépierres dividend yield and payout ratio can be evaluated to assess its attractiveness to income-seeking investors. A reasonable payout ratio, typically below 100%, suggests that the company is retaining sufficient earnings to reinvest in its business while still distributing a reasonable dividend. As a REIT, Klépierre is required to distribute a significant portion of its taxable income to shareholders, making dividend yield an important consideration.
From a valuation perspective, Klépierres price-to-FFO ratio can be compared to its peers to determine if the stock is reasonably valued. A lower price-to-FFO ratio may indicate that the stock is undervalued, while a higher ratio could suggest that it is overvalued. By examining these KPIs and valuation metrics, investors can gain a more comprehensive understanding of Klépierres financial health and growth prospects.
LI Stock Overview
| Market Cap in USD | 11,601m |
| Sub-Industry | Retail REITs |
| IPO / Inception |
LI Stock Ratings
| Growth Rating | 91.4% |
| Fundamental | 75.9% |
| Dividend Rating | 62.8% |
| Return 12m vs S&P 500 | 12.8% |
| Analyst Rating | - |
LI Dividends
| Dividend Yield 12m | 5.95% |
| Yield on Cost 5y | 18.00% |
| Annual Growth 5y | 4.66% |
| Payout Consistency | 93.9% |
| Payout Ratio | 44.4% |
LI Growth Ratios
| Growth Correlation 3m | 73.1% |
| Growth Correlation 12m | 83.7% |
| Growth Correlation 5y | 95.7% |
| CAGR 5y | 26.03% |
| CAGR/Max DD 5y | 0.90 |
| Sharpe Ratio 12m | 1.95 |
| Alpha | 24.06 |
| Beta | -0.009 |
| Volatility | 20.10% |
| Current Volume | 439.1k |
| Average Volume 20d | 420.4k |
| Stop Loss | 32.3 (-3.1%) |
| Signal | 0.27 |
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (1.29b TTM) > 0 and > 6% of Revenue (6% = 188.9m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA -8.60pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -37.34% (prev -21.39%; Δ -15.95pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 1.72b > Net Income 1.29b (YES >=105%, WARN >=100%) |
| Net Debt (7.58b) to EBITDA (1.97b) ratio: 3.85 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.44 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (286.5m) change vs 12m ago 0.23% (target <= -2.0% for YES) |
| Gross Margin 73.49% (prev 72.85%; Δ 0.64pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 23.83% (prev 33.99%; Δ -10.16pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 14.25 (EBITDA TTM 1.97b / Interest Expense TTM 135.9m) >= 6 (WARN >= 3) |
Altman Z'' 0.94
| (A) -0.06 = (Total Current Assets 909.4m - Total Current Liabilities 2.09b) / Total Assets 20.97b |
| (B) 0.05 = Retained Earnings (Balance) 1.10b / Total Assets 20.97b |
| (C) 0.15 = EBIT TTM 1.94b / Avg Total Assets 13.21b |
| (D) 0.15 = Book Value of Equity 1.50b / Total Liabilities 10.32b |
| Total Rating: 0.94 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 75.88
| 1. Piotroski 5.0pt = 0.0 |
| 2. FCF Yield 7.71% = 3.85 |
| 3. FCF Margin 42.20% = 7.50 |
| 4. Debt/Equity 0.89 = 2.12 |
| 5. Debt/Ebitda 3.90 = -2.49 |
| 6. ROIC - WACC 7.02% = 8.77 |
| 7. RoE 15.89% = 1.32 |
| 8. Rev. Trend 43.34% = 2.17 |
| 9. Rev. CAGR 11.75% = 1.47 |
| 10. EPS Trend 46.88% = 1.17 |
| 11. EPS CAGR 0.0% = 0.0 |
What is the price of LI shares?
Over the past week, the price has changed by -5.77%, over one month by +0.12%, over three months by -0.34% and over the past year by +31.98%.
Is Klepierre a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LI is around 41.13 EUR . This means that LI is currently undervalued and has a potential upside of +23.37% (Margin of Safety).
Is LI a buy, sell or hold?
What are the forecasts/targets for the LI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 33.5 | 0.4% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 43.8 | 31.5% |
LI Fundamental Data Overview
Market Cap EUR = 9.96b (9.96b EUR * 1.0 EUR.EUR)
CCE Cash And Equivalents = 400.8m EUR (Cash And Short Term Investments, last quarter)
P/E Trailing = 8.3114
P/E Forward = 12.7065
P/S = 5.7566
P/B = 1.1312
P/EG = 9.6715
Beta = 1.605
Revenue TTM = 3.15b EUR
EBIT TTM = 1.94b EUR
EBITDA TTM = 1.97b EUR
Long Term Debt = 6.36b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.33b EUR (from shortTermDebt, last quarter)
Debt = 7.68b EUR (Calculated: Short Term 1.33b + Long Term 6.36b)
Net Debt = 7.58b EUR (from netDebt column, last quarter)
Enterprise Value = 17.24b EUR (9.96b + Debt 7.68b - CCE 400.8m)
Interest Coverage Ratio = 14.25 (Ebit TTM 1.94b / Interest Expense TTM 135.9m)
FCF Yield = 7.71% (FCF TTM 1.33b / Enterprise Value 17.24b)
FCF Margin = 42.20% (FCF TTM 1.33b / Revenue TTM 3.15b)
Net Margin = 40.98% (Net Income TTM 1.29b / Revenue TTM 3.15b)
Gross Margin = 73.49% ((Revenue TTM 3.15b - Cost of Revenue TTM 834.6m) / Revenue TTM)
Tobins Q-Ratio = 11.50 (Enterprise Value 17.24b / Book Value Of Equity 1.50b)
Interest Expense / Debt = 0.48% (Interest Expense 36.8m / Debt 7.68b)
Taxrate = 12.96% (from yearly Income Tax Expense: 186.0m / 1.44b)
NOPAT = 1.69b (EBIT 1.94b * (1 - 12.96%))
Current Ratio = 0.44 (Total Current Assets 909.4m / Total Current Liabilities 2.09b)
Debt / Equity = 0.89 (Debt 7.68b / last Quarter total Stockholder Equity 8.60b)
Debt / EBITDA = 3.90 (Net Debt 7.58b / EBITDA 1.97b)
Debt / FCF = 5.78 (Debt 7.68b / FCF TTM 1.33b)
Total Stockholder Equity = 8.12b (last 4 quarters mean)
RoA = 6.15% (Net Income 1.29b, Total Assets 20.97b )
RoE = 15.89% (Net Income TTM 1.29b / Total Stockholder Equity 8.12b)
RoCE = 13.37% (Ebit 1.94b / (Equity 8.12b + L.T.Debt 6.36b))
RoIC = 10.58% (NOPAT 1.69b / Invested Capital 15.93b)
WACC = 3.56% (E(9.96b)/V(17.64b) * Re(5.98%)) + (D(7.68b)/V(17.64b) * Rd(0.48%) * (1-Tc(0.13)))
Shares Correlation 5-Years: 70.0 | Cagr: 0.11%
Discount Rate = 5.98% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 80.07% ; FCFE base≈1.12b ; Y1≈1.28b ; Y5≈1.76b
Fair Price DCF = 106.4 (DCF Value 30.46b / Shares Outstanding 286.4m; 5y FCF grow 16.26% → 3.0% )
Revenue Correlation: 43.34 | Revenue CAGR: 11.75%
Rev Growth-of-Growth: 49.99
EPS Correlation: 46.88 | EPS CAGR: 0.0%
EPS Growth-of-Growth: 125.8