(LI) Klepierre - Overview
Sector: Real Estate | Industry: REIT - Retail | Exchange: PA (France) | Market Cap: 9.594m EUR | Total Return: 23% in 12m
Shopping Centers, Retail Properties, Real Estate, REIT, Commercial Assets
Total Rating 50
Safety 69
Buy Signal -0.23
REIT - Retail
Industry Rotation: -12.1
Industry Rotation: -12.1
Market Cap:
11.1B
Avg Turnover: 30.2M EUR
Avg Turnover: 30.2M EUR
ATR:
2.31%
Peers RS (IBD): 14.0
Peers RS (IBD): 14.0
Risk 5d forecast
Volatility17.8%
Rel. Tail Risk-1.06%
Reward TTM
Sharpe Ratio1.00
Alpha18.95
Character TTM
Beta-0.016
Beta Downside-0.162
Drawdowns 3y
Max DD13.27%
CAGR/Max DD1.60
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: LI Klepierre
Klépierre SA (ticker LI) is Europe’s leading shopping-mall REIT, focused exclusively on continental markets. Its portfolio, valued at €20.6 billion as of 30 June 2025, spans more than 70 centres across 10 countries and attracts over 700 million visitors annually. The company is a French SIIC listed on Euronext Paris and is a constituent of the CAC Next 20, EPRA Euro Zone, and several ESG-focused indexes.
Recent performance shows an average occupancy of 94 % and a 2024 adjusted FFO growth of 5.2 % YoY, driven by strong tenant-mix upgrades and rising rental rates. The European retail sector is benefitting from stabilising consumer confidence and a modest rebound in discretionary spending, while low-interest-rate environments continue to support REIT financing costs.
Klépierre’s commitment to sustainability is reflected in its inclusion in MSCI Europe ESG Leaders and FTSE 4Good, with a 2023 carbon-intensity reduction of 18 % versus the baseline year. For a deeper dive into the stock’s valuation and risk profile, consider reviewing ValueRay’s analysis.
- Occupancy rates in European shopping malls
- Consumer spending trends in continental Europe
- Interest rate changes impact property valuations
- Regulatory changes for European REITs
- Energy costs affect operational expenses
Piotroski VR‑10 (Strict)
4.0
| Net Income: 2.09b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.31 > 1.0 |
| NWC/Revenue: -15.38% < 20% (prev -53.71%; Δ 38.33% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.83b > Net Income 2.09b |
| Net Debt (7.96b) to EBITDA (2.93b): 2.72 < 3 |
| Current Ratio: 0.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (323.5m) vs 12m ago 13.01% < -2% |
| Gross Margin: 73.06% > 18% (prev 0.73%; Δ 7.23k% > 0.5%) |
| Asset Turnover: 15.62% > 50% (prev 12.98%; Δ 2.64% > 0%) |
| Interest Coverage Ratio: 15.57 > 6 (EBITDA TTM 2.93b / Interest Expense TTM 186.1m) |
Altman Z''
1.40
| A: -0.02 (Total Current Assets 1.11b - Total Current Liabilities 1.62b) / Total Assets 22.27b |
| B: 0.06 (Retained Earnings 1.30b / Total Assets 22.27b) |
| C: 0.14 (EBIT TTM 2.90b / Avg Total Assets 21.18b) |
| D: 0.42 (Book Value of Equity 4.54b / Total Liabilities 10.80b) |
| Altman-Z'' Score: 1.40 = BB |
Beneish M
-2.92
| DSRI: 0.89 (Receivables 336.8m/299.7m, Revenue 3.31b/2.61b) |
| GMI: 1.00 (GM 73.06% / 73.07%) |
| AQI: 1.00 (AQ_t 0.95 / AQ_t-1 0.95) |
| SGI: 1.27 (Revenue 3.31b / 2.61b) |
| TATA: 0.01 (NI 2.09b - CFO 1.83b) / TA 22.27b) |
| Beneish M-Score: -2.92 (Cap -4..+1) = A |
What is the price of LI shares?
As of April 07, 2026, the stock is trading at EUR 33.72 with a total of 877,945 shares traded.
Over the past week, the price has changed by +4.98%, over one month by +1.87%, over three months by +4.53% and over the past year by +22.98%.
Over the past week, the price has changed by +4.98%, over one month by +1.87%, over three months by +4.53% and over the past year by +22.98%.
Is LI a buy, sell or hold?
Klepierre has no consensus analysts rating.
What are the forecasts/targets for the LI price?
| Analysts Target Price | - | - |
Klepierre (LI) - Fundamental Data Overview
as of 03 April 2026
Market Cap USD = 11.05b (9.59b EUR * 1.152 EUR.USD)P/E Trailing = 7.3789
P/E Forward = 11.6144
P/S = 5.5038
P/B = 0.9958
P/EG = 9.6715
Revenue TTM = 3.31b EUR
EBIT TTM = 2.90b EUR
EBITDA TTM = 2.93b EUR
Long Term Debt = 6.50b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.62b EUR (from shortTermDebt, last quarter)
Debt = 8.79b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 7.96b EUR (from netDebt column, last quarter)
Enterprise Value = 17.55b EUR (9.59b + Debt 8.79b - CCE 831.9m)
Interest Coverage Ratio = 15.57 (Ebit TTM 2.90b / Interest Expense TTM 186.1m)
EV/FCF = 13.61x (Enterprise Value 17.55b / FCF TTM 1.29b)
FCF Yield = 7.35% (FCF TTM 1.29b / Enterprise Value 17.55b)
FCF Margin = 39.00% (FCF TTM 1.29b / Revenue TTM 3.31b)
Net Margin = 63.13% (Net Income TTM 2.09b / Revenue TTM 3.31b)
Gross Margin = 73.06% ((Revenue TTM 3.31b - Cost of Revenue TTM 891.1m) / Revenue TTM)
Gross Margin QoQ = 70.46% (prev 77.03%)
Tobins Q-Ratio = 0.79 (Enterprise Value 17.55b / Total Assets 22.27b)
Interest Expense / Debt = 2.12% (Interest Expense 186.1m / Debt 8.79b)
Taxrate = 13.24% (109.8m / 828.8m)
NOPAT = 2.51b (EBIT 2.90b * (1 - 13.24%))
Current Ratio = 0.69 (Total Current Assets 1.11b / Total Current Liabilities 1.62b)
Debt / Equity = 0.94 (Debt 8.79b / totalStockholderEquity, last quarter 9.32b)
Debt / EBITDA = 2.72 (Net Debt 7.96b / EBITDA 2.93b)
Debt / FCF = 6.17 (Net Debt 7.96b / FCF TTM 1.29b)
Total Stockholder Equity = 8.65b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.86% (Net Income 2.09b / Total Assets 22.27b)
RoE = 24.13% (Net Income TTM 2.09b / Total Stockholder Equity 8.65b)
RoCE = 19.12% (EBIT 2.90b / Capital Employed (Equity 8.65b + L.T.Debt 6.50b))
RoIC = 15.05% (NOPAT 2.51b / Invested Capital 16.70b)
WACC = 3.97% (E(9.59b)/V(18.39b) * Re(5.93%) + D(8.79b)/V(18.39b) * Rd(2.12%) * (1-Tc(0.13)))
Discount Rate = 5.93% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 100.0 | Cagr: 6.31%
[DCF] Terminal Value 87.59% ; FCFF base≈1.21b ; Y1≈1.39b ; Y5≈1.94b
[DCF] Fair Price = 170.6 (EV 56.83b - Net Debt 7.96b = Equity 48.87b / Shares 286.4m; r=6.0% [WACC]; 5y FCF grow 17.09% → 3.0% )
EPS Correlation: 1.93 | EPS CAGR: -42.70% | SUE: 0.0 | # QB: 0
Revenue Correlation: 51.00 | Revenue CAGR: 53.30% | SUE: 0.96 | # QB: 1
EPS current Year (2026-12-31): EPS=2.79 | Chg7d=+0.016 | Chg30d=+0.015 | Revisions Net=+0 | Growth EPS=+2.6% | Growth Revenue=+4.5%
EPS next Year (2027-12-31): EPS=2.85 | Chg7d=+0.014 | Chg30d=+0.012 | Revisions Net=+0 | Growth EPS=+2.0% | Growth Revenue=+2.5%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Current Year)
[Growth] Implied Growth Rate = -5.6% (Discount Rate 7.9% - Earnings Yield 13.6%)
[Growth] Growth Spread = +8.2% (Analyst 2.5% - Implied -5.6%)