Lsl Property Services (LSL)

Company name:	Lsl Property Services Plc
EPIC:	LSL	Trading Currency:	GBX
Market Sector:	SSC5	ISIN:	GB00B1G5HX72
Market Segment:	SSMM	Share Type:	DE
WWW Address:		Description:	ORD 0.2P
Industry Sector:	REAL ESTATE INVESTMENT & SERVICES

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
440.00	3.0 [0.69]	442.00	445.00	439.00	445.00	435.00	71,050
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
458.30	104.16	0.07	15.90	-	27.67	-	512.00 - 181.50

Lsl Property Services Key Figures

(at previous day's close)
Market Cap.	458.30	m
Shares In Issue	104.16	m
Prev. Close	437.00
PE Ratio	27.67
Dividend Yield	-	%
EPS - basic	15.90	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	51.17	p
Return On Equity (ROE)	10.35	%
Operating Margin	7.84	%
PEG Factor	1.06
EPS Growth Rate	26.19	%
Dividends PS Growth Rate	-	%
Net Debt	123.02	m
Gross Gearing	46.01	%
Quick Assets	40.07	m
Net Working Capital	-48.34	m
Intangibles / Fixed Assets	74.73	%
Turnover PS	256.09	p
Pre-Tax Profit PS	20.09	p
Retained Profit PS	15.67	p
Cash PS	10.99	p
Net Cash PS	-73.88	p
Net Tangible Asset Value PS *	-29.46	p
Net Asset Value PS	151.46	p
Spread	3.00 (0.67%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Lsl Property Services Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	486.00	435.00
4 weeks	512.00	430.00
12 weeks	512.00	290.00
1 year	512.00	181.50

Share Price Chart (5 years)

Lsl Property Services Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	482.00	-42.00	-8.71	435.00	0.11		457.53
4 weeks	430.00	10.00	2.33	430.00	0.33		472.91
12 weeks	294.00	146.00	49.66	290.00	0.23		408.98
26 weeks	242.00	198.00	81.82	229.00	0.17		345.77
1 year	201.00	239.00	118.91	181.50	0.12		305.65
3 years	256.00	184.00	71.88	143.50	0.11		262.65
5 years	310.00	130.00	41.94	143.50	0.10		249.10
† periods calculated are whole weeks rather than calendar months

Lsl Property Services Key Management Ratios

Lsl Property Services Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	23.52
PE Ratio	27.67
Tobin's Q Ratio	1.55
Tobin's Q Ratio (excl. intangibles)	4.34
Dividend Yield	-	%
Market-to-Book Ratio	2.91
Price-to-Pre-Tax Profit PS	21.91
Price-to-Retained Profit PS	28.07
Price-to-Cash Flow PS	8.60
Price-to-Sales PS	1.72
Price-to-Net Tangible Asset Value PS	-14.93
Price-to-Cash PS	40.05
Net Working Capital PS	-46.41
Price Pct to Working Capital PS	-9.48	%
Earnings Yield	3.61	%
Average PE	13.11
Years in average	5
PE to PE average	211.16	%

Lsl Property Services Financial Ratios

(Leverage Ratios)
Debt Ratio	22.60	%
Debt-to-Equity Ratio	0.29
Debt-to-Equity Ratio (excl. Intgbl)	-1.50
Debt-to-Equity Market Value	0.10
Net Gearing	42.10	%
Net Gearing (excl. Intangibles)	118.55	%
Gross Gearing	46.01	%
Gross Gearing (excl. Intangibles)	129.57	%
Gearing Under 1 Year	30.25	%
Gearing Under 1 Year (excl. Intgbl)	85.19	%
Assets/Equity	1.85
Cash/Equity	7.25
(Liquidity Ratios)
Net Working Capital to Total Assets	-16.54	%
Current Ratio	0.45
Quick Ratio (Acid Test)	0.45
Liquidity Ratio	0.13
Cash & Equiv/Current Assets	28.56	%
(Solvency Ratios)
Enterprise Value	492.92	m
CFO/Sales	0.20
CFO/Attributable Profit	3.26
CFO/Assets	0.18
CFO/Debt	0.40
Total Debt/Equity Market Value	0.29
Total Debt/Sales	0.50
Total Debt/Pre-Tax Profit	6.43
Total Debt	134.46	m
Total Debt/Net Current Assets	-2.78	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	2.11	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.0663	0.0885

Lsl Property Services Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	10.27	%
Return On Assets (ROA)	5.53	%
Net Profit Margin	6.12	%
Assets Turnover	0.90
Return On Equity (ROE)	10.35	%
Return On Investment (ROI)	7.67	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	10.92	%
Net Income Of Revenues	6.12	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.78
Fixed Assets Turnover	1.03
Current Assets Turnover	7.17
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	1.11
Debtors-to-Sales	11.81	%
Debt Collection Period	43.11	Days

Lsl Property Services Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
30 Jul 2019	Interim	GBX	4.00	31/12/2018	31/12/2019	08/08/2019	09/08/2019	16/09/2019	4.00
05 Mar 2019	Final	GBX	6.90	31/12/2017	31/12/2018	21/03/2019	22/03/2019	07/05/2019	10.90
31 Jul 2018	Interim	GBX	4.00	31/12/2017	31/12/2018	09/08/2018	10/08/2018	14/09/2018	-
15 Mar 2018	Final	GBX	7.30	31/12/2016	31/12/2017	22/03/2018	23/03/2018	05/05/2018	11.30
01 Aug 2017	Interim	GBX	4.00	31/12/2016	31/12/2017	14/08/2017	15/08/2017	08/09/2017	-
07 Mar 2017	Final	GBX	6.30	31/12/2015	31/12/2016	30/03/2017	31/03/2017	02/05/2017	10.30
02 Aug 2016	Interim	GBX	4.00	31/12/2015	31/12/2016	11/08/2016	12/08/2016	06/09/2016	-
03 Mar 2016	Final	GBX	8.60	31/12/2014	31/12/2015	24/03/2016	29/03/2016	06/05/2016	12.60
04 Aug 2015	Interim	GBX	4.00	31/12/2014	31/12/2015	13/08/2015	14/08/2015	08/09/2015	-
12 Mar 2015	Final	GBX	8.30	31/12/2013	31/12/2014	26/03/2015	27/03/2015	07/05/2015	12.30
05 Aug 2014	Special	GBX	16.50	31/12/2013	31/12/2014	13/08/2014	15/08/2014	09/09/2014	-
05 Aug 2014	Interim	GBX	4.00	31/12/2013	31/12/2014	13/08/2014	15/08/2014	09/09/2014	-
06 Mar 2014	Final	GBX	7.20	31/12/2012	31/12/2013	26/03/2014	28/03/2014	29/04/2014	10.50
30 Jul 2013	Interim	GBX	3.30	31/12/2012	31/12/2013	07/08/2013	09/08/2013	09/09/2013	-
31 Jul 2012	Interim	GBX	3.10	31/12/2011	31/12/2012	08/08/2012	10/08/2012	10/09/2012	-
28 Feb 2012	Final	GBX	6.40	31/12/2011	31/12/2012	08/04/2013	10/04/2013	10/05/2013	9.50
01 Mar 2012	Final	GBX	5.90	31/12/2010	31/12/2011	28/03/2012	30/03/2012	27/04/2012	8.70
04 Aug 2011	Interim	GBX	2.80	31/12/2010	31/12/2011	10/08/2011	12/08/2011	09/09/2011	-
02 Mar 2011	Final	GBX	5.90	31/12/2009	31/12/2010	30/03/2011	01/04/2011	27/04/2011	8.40
04 Aug 2010	Interim	GBX	2.50	31/12/2009	31/12/2010	11/08/2010	13/08/2010	13/09/2010	-
03 Mar 2010	Final	GBX	5.40	31/12/2008	31/12/2009	10/03/2010	12/03/2010	31/03/2010	5.40
04 Mar 2009	Final	GBX	-	31/12/2007	31/12/2008	-	-	-	-
09 Aug 2007	Interim	GBX	3.00	30/12/2006	30/06/2007	15/08/2007	17/08/2007	17/09/2007	-

Lsl Property Services Fundamentals

	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)
turnover	311.45	100.00%	324.64	100.00%	311.07	100.00%	266.74	100.00%	m
pre tax profit	40.10	12.87%	23.08	7.11%	16.01	5.15%	20.92	7.84%	m
attributable profit	33.41	10.73%	17.88	5.51%	12.97	4.17%	16.33	6.12%	m
retained profit	22.84	7.33%	6.28	1.94%	1.78	0.57%	16.33	6.12%	m
eps - basic (p)	32.60		17.40		12.60		15.90
eps - diluted (p)	32.40		17.30		12.60		15.70
dividends per share	11.30		10.90		4.00		-

Lsl Property Services Balance Sheet

	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)


	31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)
ASSETS
fixed assets	17.76	6.69%	16.87	6.12%	49.57	16.64%	42.74	14.63%	m
intangibles	181.63	68.39%	191.68	69.55%	190.77	64.03%	188.44	64.49%	m
fixed investments	34.84	13.12%	26.02	9.44%	23.22	7.79%	20.97	7.18%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	31.36	11.81%	38.65	14.02%	34.39	11.54%	28.62	9.79%	m
cash & securities	-	-%	2.41	0.87%	-	-%	11.44	3.92%	m

TOTAL	265.59	100%	275.62	100%	297.95	100%	292.22	100%	m

LIABILITIES
creditors - short	66.38	25.00%	83.74	30.38%	75.90	25.48%	88.40	30.25%	m
creditors - long	50.63	19.06%	49.29	17.88%	80.83	27.13%	46.06	15.76%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	117.01	44.06%	133.03	48.26%	156.74	52.60%	134.46	46.01%	m

EQUITY
ord cap, reserves	148.39	55.87%	142.59	51.74%	141.22	47.40%	157.75	53.99%	m
prefs, minorities	0.18	0.07%	-	-%	-	-%	-	-%	m

TOTAL	148.58	55.94%	142.59	51.74%	141.22	47.40%	157.75	53.99%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Lsl Property Services Cash Flow Statement

	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)
Operating CF	29.14	23.73	29.22	53.30	m
Pre-Financing CF	5.64	11.71	13.07	48.51	m
Retained CF	-	2.41	-2.41	11.44	m

Lsl Property Services Brokers

Name	Activity	Type	Mnemonic	Code
THE ROYAL BANK OF SCOT N.V.	Market Maker(MME)	Broker/Dealer	RBSM	ABNAGB22
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Shore Capital Stockbrokers Ltd	Market Maker(MME)	Broker/Dealer	SCAP	SHOCGB21
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC