Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

London City Equities

ASX:LCE
Snowflake Description

Adequate balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LCE
ASX
A$10M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

London City Equities Limited is a privately owned investment manager. The last earnings update was 43 days ago. More info.


Add to Portfolio Compare Print
  • London City Equities is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
LCE Share Price and Events
7 Day Returns
0%
ASX:LCE
4%
AU Diversified Financial
1.1%
AU Market
1 Year Returns
-
ASX:LCE
-36.5%
AU Diversified Financial
-18.9%
AU Market
LCE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
London City Equities (LCE) 0% - - - - 120%
AU Diversified Financial 4% -20.8% -30.8% -36.5% -70.2% -75.7%
AU Market 1.1% -20.8% -25% -18.9% -16% -16.4%
1 Year Return vs Industry and Market
  • No trading data on LCE.
  • No trading data on LCE.
Price Volatility
LCE
Industry
5yr Volatility vs Market

Value

 Is London City Equities undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for London City Equities. This is due to cash flow or dividend data being unavailable. The share price is A$0.44.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for London City Equities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are London City Equities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:LCE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-30) in AUD A$0.00
ASX:LCE Share Price ** ASX (2020-03-20) in AUD A$0.44
Global Diversified Financial Industry PE Ratio Median Figure of 307 Publicly-Listed Diversified Financial Companies 9.21x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of London City Equities.

ASX:LCE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:LCE Share Price ÷ EPS (both in AUD)

= 0.44 ÷ 0.00

230.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • London City Equities is overvalued based on earnings compared to the Global Diversified Financial industry average.
  • London City Equities is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does London City Equities's expected growth come at a high price?
Raw Data
ASX:LCE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 230.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Global Diversified Financial Industry PEG Ratio Median Figure of 56 Publicly-Listed Diversified Financial Companies 0.42x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1.04x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for London City Equities, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on London City Equities's assets?
Raw Data
ASX:LCE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-30) in AUD A$0.49
ASX:LCE Share Price * ASX (2020-03-20) in AUD A$0.44
Australia Diversified Financial Industry PB Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 0.82x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.23x
ASX:LCE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:LCE Share Price ÷ Book Value per Share (both in AUD)

= 0.44 ÷ 0.49

0.9x

* Primary Listing of London City Equities.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • London City Equities is overvalued based on assets compared to the AU Diversified Financial industry average.
X
Value checks
We assess London City Equities's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. London City Equities has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is London City Equities expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as London City Equities has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
99.1%
Expected Diversified Financial industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is London City Equities expected to grow at an attractive rate?
  • Unable to compare London City Equities's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare London City Equities's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare London City Equities's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:LCE Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 99.1%
Australia Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average -87.1%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:LCE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:LCE Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ASX:LCE Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-30 0 0 0
2019-09-30 0 0 0
2019-06-30 0 0 0
2019-03-31 0 0 0
2018-12-31 0 0 0
2018-09-30 0 0 0
2018-06-30 1 0 0
2018-03-31 1 0 0
2017-12-31 1 1 0
2017-09-30 1 0 0
2017-06-30 0 0 0
2017-03-31 0 0 0
2016-12-31 0 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if London City Equities is high growth as no earnings estimate data is available.
  • Unable to determine if London City Equities is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:LCE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from London City Equities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:LCE Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ASX:LCE Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-30 0.00
2019-09-30 0.00
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 -0.01
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.01
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 -0.01
2016-12-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if London City Equities will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine London City Equities's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. London City Equities's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  3. London City Equities's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess London City Equities's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
London City Equities has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has London City Equities performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare London City Equities's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • London City Equities's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • London City Equities has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • London City Equities has become profitable in the last year making it difficult to compare the Global Diversified Financial industry average.
Earnings and Revenue History
London City Equities's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from London City Equities Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:LCE Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-30 0.49 0.04 0.14
2019-09-30 0.48 0.02 0.13
2019-06-30 0.47 -0.01 0.13
2019-03-31 0.31 -0.08 0.13
2018-12-31 0.15 -0.16 0.13
2018-09-30 0.37 -0.07 0.13
2018-06-30 0.59 0.02 0.13
2018-03-31 0.71 0.09 0.13
2017-12-31 0.84 0.16 0.14
2017-09-30 0.58 0.10 0.12
2017-06-30 0.32 0.04 0.10
2017-03-31 0.30 -0.21 0.09
2016-12-31 0.28 -0.45 0.09
2016-09-30 0.44 -0.20 0.08
2016-06-30 0.60 0.04 0.08
2016-03-31 0.77 0.30 0.07
2015-12-31 0.94 0.56 0.07
2015-09-30 0.77 0.31 0.07
2015-06-30 0.60 0.06 0.07
2015-03-31 1.09 0.12 0.07
2014-12-31 1.58 0.18 0.07
2014-09-30 1.69 0.30 0.07
2014-06-30 1.79 0.42 0.07
2014-03-31 1.21 0.33 0.07
2013-12-31 0.62 0.24 0.07
2013-09-30 0.74 0.31 0.06
2013-06-30 0.85 0.38 0.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • London City Equities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • London City Equities used its assets less efficiently than the Global Diversified Financial industry average last year based on Return on Assets.
  • It is difficult to establish if London City Equities improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess London City Equities's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
London City Equities has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is London City Equities's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up London City Equities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • London City Equities's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • London City Equities's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of London City Equities's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • London City Equities has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from London City Equities Company Filings, last reported 3 months ago.

ASX:LCE Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-30 11.14 0.00 0.00
2019-09-30 11.14 0.00 0.00
2019-06-30 10.80 0.00 0.02
2019-03-31 10.80 0.00 0.02
2018-12-31 8.73 0.00 0.00
2018-09-30 8.73 0.00 0.00
2018-06-30 10.14 0.00 0.34
2018-03-31 10.14 0.00 0.34
2017-12-31 11.16 0.00 0.85
2017-09-30 11.16 0.00 0.85
2017-06-30 9.11 0.00 1.17
2017-03-31 9.11 0.00 1.17
2016-12-31 8.32 0.00 1.83
2016-09-30 8.32 0.00 1.83
2016-06-30 6.20 0.00 1.87
2016-03-31 6.20 0.00 1.87
2015-12-31 6.52 0.00 0.76
2015-09-30 6.52 0.00 0.76
2015-06-30 4.45 0.00 0.97
2015-03-31 4.45 0.00 0.97
2014-12-31 4.76 0.00 1.39
2014-09-30 4.76 0.00 1.39
2014-06-30 4.95 0.00 2.51
2014-03-31 4.95 0.00 2.51
2013-12-31 4.63 0.00 1.81
2013-09-30 4.63 0.00 1.81
2013-06-30 4.30 0.00 2.15
  • London City Equities has no debt.
  • London City Equities has not taken on any debt in the past 5 years.
  • London City Equities has no debt, it does not need to be covered by operating cash flow.
  • London City Equities has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess London City Equities's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. London City Equities has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is London City Equities's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.13%
Current annual income from London City Equities dividends.
If you bought A$2,000 of London City Equities shares you are expected to receive A$63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • London City Equities's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (3.17%).
  • London City Equities's dividend is below the markets top 25% of dividend payers in Australia (8%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:LCE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Global Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 160 Stocks 4.7%
Australia Market Average Dividend Yield Market Cap Weighted Average of 370 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:LCE Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
ASX:LCE Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-03-20 0.014 3.125
2018-11-07 0.014 3.184
2017-08-29 0.014 3.529
2016-10-18 0.013 3.968
2015-09-01 0.010 3.981
2014-09-08 0.010 4.317
2014-08-21 0.010 5.000
2013-09-20 0.010 4.785
2012-10-04 0.010 4.826
2011-09-02 0.010 4.758
2010-10-14 0.010 3.858
2009-08-25 0.010 2.446

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of London City Equities's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess London City Equities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can London City Equities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. London City Equities has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of London City Equities's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • London City Equities has no CEO, or we have no data on them.
Management Team

Peter Murray

TITLE
Chairman & COO
COMPENSATION
A$33K

Louis Joseph

TITLE
Company Secretary
TENURE
4 yrs
Board of Directors

Peter Murray

TITLE
Chairman & COO
COMPENSATION
A$33K

David Butel

TITLE
Independent Non-Executive Director
COMPENSATION
A$33K
TENURE
3.2 yrs

Neil Schafer

TITLE
Independent Non-Executive Director
COMPENSATION
A$10K
AGE
66
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
23. Mar 20 Buy Imperial Pacific Limited Company 20. Mar 20 20. Mar 20 10,000 A$0.44 A$4,400
16. May 19 Buy Imperial Pacific Limited Company 14. May 19 14. May 19 9,620 A$0.45 A$4,329
X
Management checks
We assess London City Equities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. London City Equities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Sell London City Equities Limited (ASX:LCE) At This PE Ratio?

This article is intended for those of you who are at the beginning of your investing journey. … and want to better understand how you can grow your money by investing in London City Equities Limited (ASX:LCE). … London City Equities Limited (ASX:LCE) is currently trading at a trailing P/E of 56.8x, which is higher than the industry average of 19.9x.

Simply Wall St -

Should London City Equities Limited (ASX:LCE) Be Part Of Your Dividend Portfolio?

London City Equities Limited (ASX:LCE) has returned to shareholders over the past 10 years, an average dividend yield of 4.00% annually. … Check out our latest analysis for London City Equities Here's how I find good dividend stocks When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend-paying companies? … Compared to its peers, London City Equities generates a yield of 3.35%, which is on the low-side for Diversified Financial stocks.Next Steps: Taking all the above into account, London City Equities is a complicated pick for dividend investors given that there are a couple of positive things about it as well as negative.

Simply Wall St -

What You Must Know About London City Equities Limited's (ASX:LCE) Major Investors

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … View our latest analysis for London City Equities ASX:LCE Ownership_summary Apr 9th 18 Insider Ownership Another important group of shareholders are company insiders. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market.

Simply Wall St -

Should You Be Tempted To Sell London City Equities Limited (ASX:LCE) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for LCE Price per share = A$0.41 Earnings per share = A$0.007 ∴ Price-Earnings Ratio = A$0.41 ÷ A$0.007 = 56.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you are inadvertently comparing riskier firms with LCE, then LCE’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price. … If this assumption does not hold true, LCE’s higher P/E ratio may be because firms in our peer group are being undervalued by the market.

Simply Wall St -

Is London City Equities Limited (ASX:LCE) A Good Dividend Stock?

Over the past 10 years, London City Equities Limited (ASX:LCE) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … See our latest analysis for London City Equities 5 checks you should use to assess a dividend stock If you are a dividend investor, you should always assess these five key metrics: Is their annual yield among the top 25% of dividend payers? … ASX:LCE Historical Dividend Yield Feb 16th 18 How does London City Equities fare?

Simply Wall St -

Breaking Down London City Equities Limited's (ASX:LCE) Ownership Structure

Today, I will be analyzing London City Equities Limited’s (ASX:LCE) recent ownership structure, an important but not-so-popular subject among individual investors. … The company hardly has institutions in its ownership structure, indicating limited concern for investors to worry about potential sell-offs that could arise due to extensive liquidation. … Thus, investors should dig deeper into LCE's business relations with these companies and how it can affect shareholder returns in the long-term.What this means for you: Institutional ownership level and composition in LCE is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

London City Equities Limited (ASX:LCE): Can It Deliver A Superior ROE To The Industry?

Check out our latest analysis for London City Equities Breaking down ROE — the mother of all ratios Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … For now, let’s just look at the cost of equity number for London City Equities, which is 8.55%. … Given a discrepancy of -8.09% between return and cost, this indicated that London City Equities may be paying more for its capital than what it’s generating in return.

Simply Wall St -

Is London City Equities Limited (ASX:LCE) A Financial Industry Laggard Or Leader?

LCE lags the pack with its negative growth rate of -17.87% over the past year, which indicates the company will be growing at a slower pace than its diversified financial services peers. … ASX:LCE PE PEG Gauge Nov 24th 17 The financial services industry is trading at a PE ratio of 18x, relatively similar to the rest of the Australian stock market PE of 17x. … This may indicate it is the right time to sell out of the stock, if your initial investment thesis is around the growth prospects of LCE, since there are other financial services companies that have delivered higher growth, and are possibly trading at a cheaper price as well.

Simply Wall St -

How London City Equities Limited's (ASX:LCE) EPS Dropped -17.9%, Did Its Industry Show Weakness Too?

After looking at London City Equities Limited's (ASX:LCE) latest earnings announcement (30 June 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for London City Equities Was LCE's recent earnings decline indicative of a tough track record? … For London City Equities, the latest earnings is A$0M, which, against last year’s level, has declined by -15.46%.

Simply Wall St -

Company Info

Description

London City Equities Limited is a privately owned investment manager. The firm invests in the public equity markets of Australia. London City Equities Limited was incorporated in 1986 and is based in Sydney, Australia.

Details
Name: London City Equities Limited
LCE
Exchange: ASX
Founded: 1986
A$9,977,483
22,676,099
Website: http://www.londoncity.com.au
Address: London City Equities Limited
111 Harrington Street,
Suite 212,
The Rocks,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX LCE Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
London City Equities employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 14:28
End of day share price update: 2020/03/20 00:00
Last estimates confirmation: 2018/08/24
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.