LSL Property Services (LSL)

Sector:

Real Estate

Index:

FTSE Small Cap

298.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 303.00
  • 52 Week Low: 216.00
  • Currency: UK Pounds
  • Shares Issued: 103.87m
  • Volume: 366,077
  • Market Cap: £309.53m
  • RiskGrade: 215

Key Financials

  £ (Millions) £ (Millions)
Growth Metrics 31-Dec-10 31-Dec-09
Annualisation Factor 1.0 1.0
Dividend Yield 3.2% 2.1%
     
Continuing Operations    
PE Ratio - Adjusted 12.6 14.3
PE Ratio - Diluted 7.9
48.8		 22.6
22.4
PEG - Adjusted 0.8 n/a
PEG - Diluted 0.0
n/a		 n/a
n/a
Return on Capital Employed n/a
n/a		 n/a
n/a
Operating Margin 19.20%
4.77%		 11.89%
11.97%
     
Continuing & Discontinued Operations    
PE Ratio - Adjusted 12.6 14.3
PE Ratio - Diluted 7.9
48.8		 22.6
22.4
PEG - Adjusted 0.8 n/a
PEG - Diluted 0.0
n/a		 n/a
n/a

  £ (Millions) £ (Millions)
Gearing 31-Dec-10 31-Dec-09
Net Gearing 7.21% 56.06%

  £ (Millions) £ (Millions)
Value Metrics 31-Dec-10 31-Dec-09
Price/Book Value (11.2) (6.1)
Price/Tangible Book Value (11.2) (6.1)
Price/ Cash Flow 23.3 10.8
Price/Revenue 1.32 1.68
Price/R&D n/a n/a
Net Asset Value per Share (exc. Intangibles) (23.59p) (42.32p)
Net Cash per Share n/a n/a

  £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-10 31-Dec-09
Continuing Operations    
Revenue 206.61 157.70
EBITDA 49.50
19.67		 28.92
28.92
Depreciation (9.82)
(9.82)		 (10.17)
(10.04)
Net Interest (3.71)
(2.79)		 (2.14)
(2.14)
Profit Before Tax 35.96
7.06		 16.61
16.73
     
Revenue per Share 201.02p 153.38p
Pre-Tax Profit per Share 34.99p
6.87p		 16.15p
16.28p
Market Capitalisation £ (Millions) 272.10 265.41
Enterprise Value (EV) £ (Millions) 277.35 291.97
EBITDA/EV 17.85%
7.09%		 9.91%
9.91%
Operating Margin 19.20%
4.77%		 11.89%
11.97%
Capital Employed £ (Millions) (5.51) (8.51)
Return on Capital Employed n/a
n/a		 n/a
n/a
Invested Equity Capital £ (Millions) 81.57 54.29
     
Earnings per Share - Basic 33.60p
5.45p		 11.40p
11.55p
Earnings per Share - Diluted 33.40p
5.43p		 11.40p
11.51p
Earnings per Share - Adjusted 21.00p 18.10p
Earnings per Share Growth - Basic 195%
-53%		 n/a
n/a
Earnings per Share Growth - Diluted 193%
-53%		 n/a
n/a
Earnings per Share Growth - Adjusted 16% n/a
PE Ratio - Diluted 7.9
48.8		 22.6
22.4
PEG - Diluted 0.0
n/a		 n/a
n/a
Tax Rate 3.96% 29.27%
Dividend Cover 2.50
0.65		 3.35
2.14
Interest Cover 9.49
3.13		 8.48
8.53
     
Continuing & Discontinued Operations    
Earnings per Share - Basic 33.60p
5.45p		 11.40p
11.55p
Earnings per Share - Diluted 33.40p
5.43p		 11.40p
11.51p
Earnings per Share - Adjusted 21.00p 18.10p
Earnings per Share Growth - Basic 195%
-53%		 n/a
n/a
Earnings per Share Growth - Diluted 193%
-53%		 n/a
n/a
Earnings per Share Growth - Adjusted 16% n/a
PE Ratio - Diluted 7.9
48.8		 22.6
22.4
PEG - Diluted 0.0
n/a		 n/a
n/a
Dividend Cover 2.50
0.65		 3.35
2.14
Return on Equity (ROE) 42.30%
6.86%		 21.64%
21.87%
Operating Cash Flow per Share 11.35p 23.95p
Gross Cash Flow per Share cn/a cn/a
Cash Incr/Decr per Share (0.51p) 0.20p
Capital Expenditure per Share n/a n/a
Dividend per Share 8.40p 5.40p
Dividend per Share Growth 55.56% n/a
Dividend Yield 3.2% 2.1%
Shareholders Funds 68.07 45.86
Net Borrowings £ (Millions) 4.91 25.71
Net Asset Value per Share (inc. Intangibles) (23.62p) (42.32p)

  £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-10 31-Dec-09
Shareholders' Funds inc Intangibles 68.07 45.86
Net Borrowings £ (Millions) 4.91 25.71
Net Gearing 7.21% 56.06%
Cash & Near Cash 0.34 0.86
Cash 0.50% 1.87%
Gross Borrowings 5.25 26.57
Gross Gearing 7.71% 57.93%
Borrowings Under 5 years 5.25 26.57
Under 5 years 7.71% 57.93%
Borrowings Under 1 year n/a n/a
Under 1 year n/a n/a

  £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-10 31-Dec-09
Shareholders' Funds exc Intangibles (24.28) (43.51)
Net Borrowings £ (Millions) 4.91 25.71
Net Gearing (20.22%) (59.09%)
Cash & Near Cash 0.34 0.86
Cash (1.39%) (1.97%)
Gross Borrowings 5.25 26.57
Gross Gearing 21.61% 61.06%
Borrowings Under 5 years 5.25 26.57
Under 5 years (21.61%) (61.06%)
Borrowings Under 1 year n/a n/a
Under 1 year n/a n/a

  £ (Millions) £ (Millions)
Cover 31-Dec-10 31-Dec-09
Quick Ratio n/a n/a
Current Ratio 0.55 0.56

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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