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
262.00	0.0 [0.00]	259.00	263.00	-	-	-	12,499
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
272.90	104.16	0.04	12.60	-	20.79	-	321.00 - 143.50

Lsl Property Services Key Figures

(at previous day's close)
Market Cap.	272.90	m
Shares In Issue	104.16	m
Prev. Close	262.00
PE Ratio	20.79
Dividend Yield	-	%
EPS - basic	12.60	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	28.05	p
Return On Equity (ROE)	9.18	%
Operating Margin	5.15	%
PEG Factor	-0.75
EPS Growth Rate	-27.59	%
Dividends PS Growth Rate	-	%
Net Debt	156.74	m
Gross Gearing	52.60	%
Quick Assets	34.39	m
Net Working Capital	-41.51	m
Intangibles / Fixed Assets	72.38	%
Turnover PS	298.65	p
Pre-Tax Profit PS	15.37	p
Retained Profit PS	1.70	p
Cash PS	-	p
Net Cash PS	-72.87	p
Net Tangible Asset Value PS *	-47.57	p
Net Asset Value PS	135.58	p
Spread	4.00 (1.52%)
* 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	267.00	248.00
4 weeks	267.00	233.00
12 weeks	294.00	225.00
1 year	321.00	143.50

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	252.00	10.00	3.97	248.00	0.29		259.71
4 weeks	250.00	12.00	4.80	233.00	0.23		247.17
12 weeks	230.00	32.00	13.91	225.00	0.12		250.99
26 weeks	214.00	48.00	22.43	200.00	0.11		231.43
1 year	315.00	-53.00	-16.83	143.50	0.13		210.23
3 years	265.00	-3.00	-1.13	143.50	0.10		234.87
5 years	258.25	3.75	1.45	143.50	0.10		234.73
† 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	28.17
PE Ratio	20.79
Tobin's Q Ratio	0.95
Tobin's Q Ratio (excl. intangibles)	2.86
Dividend Yield	-	%
Market-to-Book Ratio	1.93
Price-to-Pre-Tax Profit PS	17.04
Price-to-Retained Profit PS	153.74
Price-to-Cash Flow PS	9.34
Price-to-Sales PS	0.88
Price-to-Net Tangible Asset Value PS	-5.51
Price-to-Cash PS	-
Net Working Capital PS	-39.86
Price Pct to Working Capital PS	-6.57	%
Earnings Yield	4.81	%
Average PE	11.36
Years in average	5
PE to PE average	182.98	%

Lsl Property Services Financial Ratios

(Leverage Ratios)
Debt Ratio	36.40	%
Debt-to-Equity Ratio	0.57
Debt-to-Equity Ratio (excl. Intgbl)	-1.63
Debt-to-Equity Market Value	0.30
Net Gearing	52.60	%
Net Gearing (excl. Intangibles)	146.23	%
Gross Gearing	52.60	%
Gross Gearing (excl. Intangibles)	146.23	%
Gearing Under 1 Year	25.48	%
Gearing Under 1 Year (excl. Intgbl)	70.82	%
Assets/Equity	2.11
Cash/Equity	-
(Liquidity Ratios)
Net Working Capital to Total Assets	-13.93	%
Current Ratio	0.45
Quick Ratio (Acid Test)	0.45
Liquidity Ratio	-
Cash & Equiv/Current Assets	-	%
(Solvency Ratios)
Enterprise Value	353.73	m
CFO/Sales	0.09
CFO/Attributable Profit	2.25
CFO/Assets	0.10
CFO/Debt	0.19
Total Debt/Equity Market Value	0.57
Total Debt/Sales	0.50
Total Debt/Pre-Tax Profit	9.79
Total Debt	156.74	m
Total Debt/Net Current Assets	-3.78	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	7

Beta (60-Mnth)	Beta (36-Mnth)
0.0363	0.0689

Lsl Property Services Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	7.21	%
Return On Assets (ROA)	4.52	%
Net Profit Margin	4.17	%
Assets Turnover	1.08
Return On Equity (ROE)	9.18	%
Return On Investment (ROI)	6.27	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	9.14	%
Net Income Of Revenues	0.57	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	2.19
Fixed Assets Turnover	1.25
Current Assets Turnover	8.25
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	0.92
Debtors-to-Sales	11.74	%
Debt Collection Period	42.85	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	-
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	Interim	GBX	4.00	31/12/2013	31/12/2014	13/08/2014	15/08/2014	09/09/2014	-
05 Aug 2014	Special	GBX	16.50	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 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
turnover	307.75	100.00%	311.45	100.00%	324.64	100.00%	311.07	100.00%	m
pre tax profit	63.53	20.64%	40.10	12.87%	23.08	7.11%	16.01	5.15%	m
attributable profit	50.49	16.41%	33.41	10.73%	17.88	5.51%	12.97	4.17%	m
retained profit	37.58	12.21%	22.84	7.33%	6.28	1.94%	1.78	0.57%	m
eps - basic (p)	49.20		32.60		17.40		12.60
eps - diluted (p)	49.00		32.40		17.30		12.60
dividends per share	10.30		11.30		10.90		-

Lsl Property Services Balance Sheet

	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)


	31 Dec 2016 (GBP)		31 Dec 2017 (GBP)		31 Dec 2018 (GBP)		31 Dec 2019 (GBP)
ASSETS
fixed assets	18.84	7.55%	17.76	6.69%	16.87	6.12%	49.57	16.64%	m
intangibles	185.15	74.17%	181.63	68.39%	191.68	69.55%	190.77	64.03%	m
fixed investments	13.37	5.35%	34.84	13.12%	26.02	9.44%	23.22	7.79%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	32.26	12.92%	31.36	11.81%	38.65	14.02%	34.39	11.54%	m
cash & securities	-	-%	-	-%	2.41	0.87%	-	-%	m

TOTAL	249.62	100%	265.59	100%	275.62	100%	297.95	100%	m

LIABILITIES
creditors - short	74.96	30.03%	66.38	25.00%	83.74	30.38%	75.90	25.48%	m
creditors - long	45.89	18.38%	50.63	19.06%	49.29	17.88%	80.83	27.13%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	120.85	48.42%	117.01	44.06%	133.03	48.26%	156.74	52.60%	m

EQUITY
ord cap, reserves	128.58	51.51%	148.39	55.87%	142.59	51.74%	141.22	47.40%	m
prefs, minorities	0.18	0.07%	0.18	0.07%	-	-%	-	-%	m

TOTAL	128.77	51.58%	148.58	55.94%	142.59	51.74%	141.22	47.40%	m

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

Lsl Property Services Cash Flow Statement

	31 Dec 2016 (GBP)	31 Dec 2017 (GBP)	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)
Operating CF	21.85	29.14	23.73	29.22	m
Pre-Financing CF	42.22	5.64	11.71	13.07	m
Retained CF	-5.60	-	2.41	-2.41	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