(LI) Klepierre - PA
Sector: Real Estate | Industry: REIT - Retail | Exchange: PA (France) | Market Cap: 10.268m EUR | Total Return: -55% in 12m
Avg Turnover: 27.5M
Warnings
Choppy
Tailwinds
No distinct edge detected
Klépierre SA is a French real estate investment trust (SIIC) and the leading operator of shopping malls in continental Europe. The company owns a portfolio of large shopping centers located in more than 10 countries, which together attract over 720 million visitors per year. Its shares trade on Euronext Paris under the ticker LI, and the company is a constituent of the CAC Next 20 and the EPRA Euro Zone Index. Klépierre was incorporated in France in November 2009.
As a retail REIT, Kllépierres primary business model is to own and lease retail space in shopping centers, generating rental income from a large base of tenants. The company is also included in several ESG-focused indices, such as MSCI Europe ESG Leaders and FTSE4Good, reflecting its stated commitments to sustainable development and climate-related initiatives.
- European consumer spending recovery boosts mall footfall and tenant sales
- ECB rate cuts support portfolio valuations and lower financing costs
- E-commerce shift pressures physical retail occupancy and rental income
| Net Income: 990.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -0.75 > 1.0 |
| NWC/Revenue: -30.72% < 20% (prev -71.19%; Δ 40.47% < -1%) |
| CFO/TA 0.04 > 3% & CFO 931.4m > Net Income 990.6m |
| Net Debt (8.31b) to EBITDA (1.92b): 4.33 < 3 |
| Current Ratio: 0.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (323.5m) vs 12m ago 13.01% < -2% |
| Gross Margin: 72.18% > 18% (prev 73.94%; Δ -1.75% > 0.5%) |
| Asset Turnover: 7.66% > 50% (prev 7.87%; Δ -0.21% > 0%) |
| Interest Coverage Ratio: 6.65 > 6 (EBIT TTM 1.90b / Interest Expense TTM 286.3m) |
| A: -0.02 (Total Current Assets 1.11b - Total Current Liabilities 1.62b) / Total Assets 22.3b |
| B: 0.06 (Retained Earnings 1.30b / Total Assets 22.3b) |
| C: 0.09 (EBIT TTM 1.90b / Avg Total Assets 21.6b) |
| D: 0.86 (Book Value of Equity 9.32b / Total Liabilities 10.8b) |
| Altman-Z'' = 1.54 = BB |
| DSRI: 1.34 (Receivables 336.8m/249.8m, Revenue 1.66b/1.65b) |
| GMI: 1.02 (GM 73.94% / 72.18%) |
| AQI: 0.99 (AQ_t 0.95 / AQ_t-1 0.95) |
| SGI: 1.00 (Revenue 1.66b / 1.65b) |
| TATA: 0.00 (NI 990.6m - CFO 931.4m) / TA 22.3b) |
| Beneish M = -2.72 (Cap -4..+1) = A |
As of June 24, 2026, the stock is trading at EUR 35.92 with a total of 929,857 shares traded. Over the past week, the price has changed by -12.17%, over one month by -20.47%, over three months by -26.27% and over the past year by -55.02%.
Current recommended Stop Loss: 34.80 (which is 3.1% or 2 ATR below the current price).
Klepierre has no consensus analysts rating.
P/E Trailing = 7.8855
P/E Forward = 12.9199
P/S = 5.8901
P/B = 1.1092
P/EG = 9.6715
Revenue TTM = 1.66b EUR
EBIT TTM = 1.90b EUR
EBITDA TTM = 1.92b EUR
Long Term Debt = 6.50b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.62b EUR (from shortTermDebt, last quarter)
Debt = 9.14b EUR (from shortLongTermDebtTotal, last quarter) + Leases 348.0m
Net Debt = 8.31b EUR (calculated: Debt 9.14b - CCE 831.9m)
Enterprise Value = 18.6b EUR (10.3b + Debt 9.14b - CCE 831.9m)
Interest Coverage Ratio = 6.65 (Ebit TTM 1.90b / Interest Expense TTM 286.3m)
EV/FCF = 31.84x (Enterprise Value 18.6b / FCF TTM 583.5m)
FCF Yield = 3.14% (FCF TTM 583.5m / Enterprise Value 18.6b)
FCF Margin = 35.23% (FCF TTM 583.5m / Revenue TTM 1.66b)
Net Margin = 59.81% (Net Income TTM 990.6m / Revenue TTM 1.66b)
Gross Margin = 72.18% ((Revenue TTM 1.66b - Cost of Revenue TTM 460.7m) / Revenue TTM)
Gross Margin QoQ = 70.46% (prev 77.03%)
Tobins Q-Ratio = 0.83 (Enterprise Value 18.6b / Total Assets 22.3b)
Interest Expense / Debt = 3.13% (Interest Expense 286.3m / Debt 9.14b)
Taxrate = 13.01% (159.2m / 1.22b)
NOPAT = 1.66b (EBIT 1.90b * (1 - 13.01%))
Current Ratio = 0.69 (Total Current Assets 1.11b / Total Current Liabilities 1.62b)
Debt / Equity = 0.98 (Debt 9.14b / totalStockholderEquity, last quarter 9.32b)
Debt / EBITDA = 4.33 (Net Debt 8.31b / EBITDA 1.92b)
Debt / FCF = 14.24 (Net Debt 8.31b / FCF TTM 583.5m)
Total Stockholder Equity = 8.65b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.58% (Net Income 990.6m / Total Assets 22.3b)
RoE = 11.45% (Net Income TTM 990.6m / Total Stockholder Equity 8.65b)
RoCE = 12.57% (EBIT 1.90b / Capital Employed (Equity 8.65b + L.T.Debt 6.50b))
RoIC = 7.47% (NOPAT 1.66b / Invested Capital 22.2b)
WACC = 4.33% (E(10.3b)/V(19.4b) * Re(5.76%) + D(9.14b)/V(19.4b) * Rd(3.13%) * (1-Tc(0.13)))
Discount Rate = 5.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.56 | Cagr: 5.64%
[DCF] Terminal Value 73.10% ; FCFF base≈632.7m ; Y1≈554.8m ; Y5≈448.3m
[DCF] Fair Price = N/A (negative equity: EV 7.20b - Net Debt 8.31b = -1.11b; debt exceeds intrinsic value)
EPS Correlation: 91.90 | EPS CAGR: 145.6% | SUE: N/A | # QB: 0
Revenue Correlation: 50.06 | Revenue CAGR: 9.86% | SUE: 1.58 | # QB: 1
EPS current Year (2026-12-31): EPS=2.79 | Chg30d=+0.00% | Revisions=+11% | GrowthEPS=+2.8% | GrowthRev=+5.1%
EPS next Year (2027-12-31): EPS=2.86 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+2.3% | GrowthRev=+2.8%
[Analyst] Revisions Ratio: +40%