LI Stock Analysis: Klepierre | PA
REIT - Retail | PA, France | Market Cap: 10.078m EUR | 12M Return: 16% | FR0000121964 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 20.4M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
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 (2.21b): 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 October 15, 2026, the stock is trading at EUR 35.28 with a total of 508,828 shares traded. Over the past week, the price has changed by -0.23%, over one month by -4.03%, over three months by -2.70% and over the past year by +15.99%.
Current recommended Stop Loss: 34.40 (which is 2.5% or 1.6 ATR below the current price).
Klepierre has no consensus analysts rating.
P/E Trailing = 7.3669
P/E Forward = 12.5628
P/S = 5.7614
P/B = 1.107
P/EG = 9.6715
Revenue TTM = 2.10b EUR
EBIT TTM = 2.19b EUR
EBITDA TTM = 2.21b 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 = 18.1b EUR (10.1b + Debt 8.34b - CCE 355.0m)
Interest Coverage Ratio = 7.67 (Ebit TTM 2.19b / Interest Expense TTM 286.3m)
EV/FCF = 24.96x (Enterprise Value 18.1b / FCF TTM 723.9m)
FCF Yield = 4.01% (FCF TTM 723.9m / Enterprise Value 18.1b)
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 = 0.81 (Enterprise Value 18.1b / 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 2.21b)
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 = 4.40% (E(10.1b)/V(18.4b) * Re(5.61%) + D(8.34b)/V(18.4b) * Rd(3.43%) * (1-Tc(0.14)))
Discount Rate = 5.61% (= 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=+0.05% | Revisions=+25% | GrowthEPS=+3.6% | GrowthRev=+5.7%
EPS next Year (2027-12-31): EPS=2.89 | Chg30d=+0.02% | Revisions=+25% | GrowthEPS=+2.7% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +40% (up=2, down=0)