Lsl Property Services (LSL)

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Capital at risk

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
248.00	0.0 [0.00]	241.00	249.00	248.00	248.00	248.00	9,868
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
258.94	104.41	0.15	59.60	11.40	4.16	4.60	482.00 - 245.00

Lsl Property Services Key Figures

(at previous day's close)
Market Cap.	258.94	m
Shares In Issue	104.41	m
Prev. Close	248.00
PE Ratio	4.16
Dividend Yield	4.60	%
EPS - basic	59.60	p
Dividend PS	11.40	p
Dividend Cover	5.23
Cash Flow PS	30.07	p
Return On Equity (ROE)	28.47	%
Operating Margin	21.38	%
PEG Factor	0.02
EPS Growth Rate	274.84	%
Dividends PS Growth Rate	-	%
Net Debt	52.91	m
Gross Gearing	31.73	%
Quick Assets	84.59	m
Net Working Capital	11.09	m
Intangibles / Fixed Assets	81.09	%
Turnover PS	313.03	p
Pre-Tax Profit PS	66.94	p
Retained Profit PS	59.32	p
Cash PS	46.42	p
Net Cash PS	-23.98	p
Net Tangible Asset Value PS *	25.98	p
Net Asset Value PS	208.91	p
Spread	8.00 (3.21%)
* 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	289.00	245.00
4 weeks	341.00	245.00
12 weeks	359.00	245.00
1 year	482.00	245.00

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	289.00	-41.00	-14.19	245.00	0.16		252.73
4 weeks	341.00	-93.00	-27.27	245.00	0.07		281.44
12 weeks	322.00	-74.00	-22.98	245.00	0.07		312.22
26 weeks	377.00	-129.00	-34.22	245.00	0.14		360.53
1 year	401.00	-153.00	-38.15	245.00	0.16		388.28
3 years	218.00	30.00	13.76	143.50	0.14		333.24
5 years	231.00	17.00	7.36	143.50	0.11		309.99
† 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	14.58
PE Ratio	4.16
Tobin's Q Ratio	0.85
Tobin's Q Ratio (excl. intangibles)	2.22
Dividend Yield	4.60	%
Market-to-Book Ratio	1.19
Price-to-Pre-Tax Profit PS	3.70
Price-to-Retained Profit PS	4.18
Price-to-Cash Flow PS	8.25
Price-to-Sales PS	0.79
Price-to-Net Tangible Asset Value PS	9.36
Price-to-Cash PS	5.34
Net Working Capital PS	10.62
Price Pct to Working Capital PS	23.35	%
Earnings Yield	24.03	%
Average PE	13.55
Years in average	5
PE to PE average	30.71	%

Lsl Property Services Financial Ratios

(Leverage Ratios)
Debt Ratio	11.33	%
Debt-to-Equity Ratio	0.13
Debt-to-Equity Ratio (excl. Intgbl)	1.01
Debt-to-Equity Market Value	0.11
Net Gearing	16.56	%
Net Gearing (excl. Intangibles)	41.01	%
Gross Gearing	31.73	%
Gross Gearing (excl. Intangibles)	78.57	%
Gearing Under 1 Year	23.01	%
Gearing Under 1 Year (excl. Intgbl)	56.97	%
Assets/Equity	1.46
Cash/Equity	22.22
(Liquidity Ratios)
Net Working Capital to Total Assets	3.47	%
Current Ratio	1.15
Quick Ratio (Acid Test)	1.15
Liquidity Ratio	0.66
Cash & Equiv/Current Assets	57.29	%
(Solvency Ratios)
Enterprise Value	238.86	m
CFO/Sales	0.10
CFO/Attributable Profit	0.51
CFO/Assets	0.10
CFO/Debt	0.31
Total Debt/Equity Market Value	0.39
Total Debt/Sales	0.31
Total Debt/Pre-Tax Profit	1.45
Total Debt	101.37	m
Total Debt/Net Current Assets	9.14	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	67.86	%
5 yr Compound Earnings Growth	12.83	%
10 yr Compound Earnings Growth	24.24	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.1469	0.2088

Lsl Property Services Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	28.41	%
Return On Assets (ROA)	20.25	%
Net Profit Margin	18.95	%
Assets Turnover	1.07
Return On Equity (ROE)	28.47	%
Return On Investment (ROI)	27.54	%
Dividend Payout Ratio	19.13	%
Plowback Ratio	80.87	%
Growth from Plowback Ratio	26.69	%
Net Income Of Revenues	18.95	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.74
Fixed Assets Turnover	1.34
Current Assets Turnover	5.24
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	0.94
Debtors-to-Sales	9.91	%
Debt Collection Period	36.16	Days

Lsl Property Services Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
03 Aug 2022	Interim	GBX	4.00	31/12/2021	31/12/2022	11/08/2022	12/08/2022	16/09/2022	-
16 Mar 2022	Final	GBX	7.40	31/12/2020	31/12/2021	28/04/2022	29/04/2022	06/06/2022	11.40
04 Aug 2021	Interim	GBX	4.00	31/12/2020	31/12/2021	12/08/2021	13/08/2021	17/09/2021	-
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 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
turnover	324.64	100.00%	311.07	100.00%	266.74	100.00%	326.83	100.00%	m
pre tax profit	23.08	7.11%	16.01	5.15%	20.92	7.84%	69.89	21.38%	m
attributable profit	17.88	5.51%	12.97	4.17%	16.33	6.12%	61.94	18.95%	m
retained profit	6.28	1.94%	1.78	0.57%	16.33	6.12%	61.94	18.95%	m
eps - basic (p)	17.40		12.60		15.90		59.60
eps - diluted (p)	17.30		12.60		15.70		59.20
dividends per share	10.90		4.00		-		11.40

Lsl Property Services Balance Sheet

	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)


	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
ASSETS
fixed assets	16.87	6.12%	49.57	16.64%	42.74	14.63%	37.07	11.60%	m
intangibles	191.68	69.55%	190.77	64.03%	188.44	64.49%	190.47	59.62%	m
fixed investments	26.02	9.44%	23.22	7.79%	20.97	7.18%	7.36	2.30%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	38.65	14.02%	34.39	11.54%	28.62	9.79%	36.13	11.31%	m
cash & securities	2.41	0.87%	-	-%	11.44	3.92%	48.46	15.17%	m

TOTAL	275.62	100%	297.95	100%	292.22	100%	319.49	100%	m

LIABILITIES
creditors - short	83.74	30.38%	75.90	25.48%	88.40	30.25%	73.50	23.01%	m
creditors - long	49.29	17.88%	80.83	27.13%	46.06	15.76%	27.87	8.72%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	133.03	48.26%	156.74	52.60%	134.46	46.01%	101.37	31.73%	m

EQUITY
ord cap, reserves	142.59	51.74%	141.22	47.40%	157.75	53.99%	217.60	68.11%	m
prefs, minorities	-	-%	-	-%	-	-%	0.52	0.16%	m

TOTAL	142.59	51.74%	141.22	47.40%	157.75	53.99%	218.12	68.27%	m

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

Lsl Property Services Cash Flow Statement

	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)	31 Dec 2021 (GBP)
Operating CF	23.73	29.22	53.30	31.39	m
Pre-Financing CF	11.71	13.07	48.51	61.78	m
Retained CF	2.41	-2.41	11.44	37.02	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