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LAMDA Development

BST:LDQ
Snowflake Description

Acceptable track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LDQ
BST
€599M
Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

LAMDA Development S.A., together with its subsidiaries, engages in the investment, development, leasing, and maintenance of various real estate projects in Greece, Romania, Bulgaria, Serbia, and Montenegro. The last earnings update was 68 days ago. More info.


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LDQ Share Price and Events
7 Day Returns
8.5%
BST:LDQ
0.9%
DE Real Estate
0%
DE Market
1 Year Returns
31.8%
BST:LDQ
-1.1%
DE Real Estate
9.9%
DE Market
LDQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LAMDA Development (LDQ) 8.5% 5.7% -12.1% 31.8% 68.5% -
DE Real Estate 0.9% -1.1% 4.1% -1.1% 39.2% 87.2%
DE Market 0% 4.4% 13.6% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • LDQ outperformed the Real Estate industry which returned -1.1% over the past year.
  • LDQ outperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
LDQ
Industry
5yr Volatility vs Market

Value

 Is LAMDA Development 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
Here we compare the current share price of LAMDA Development to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LAMDA Development.

BST:LDQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 22.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:LDQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 15%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.051 (1 + (1- 29%) (88.08%))
1.474
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.474 * 14.99%)
22.33%

Discounted Cash Flow Calculation for BST:LDQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LAMDA Development is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BST:LDQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 22.33%)
2020 11.90 Analyst x2 9.73
2021 20.70 Analyst x2 13.83
2022 22.39 Est @ 8.14% 12.23
2023 23.68 Est @ 5.77% 10.57
2024 24.65 Est @ 4.11% 9.00
2025 25.38 Est @ 2.94% 7.57
2026 25.92 Est @ 2.13% 6.32
2027 26.32 Est @ 1.56% 5.25
2028 26.62 Est @ 1.16% 4.34
2029 26.86 Est @ 0.88% 3.58
Present value of next 10 years cash flows €82.00
BST:LDQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €26.86 × (1 + 0.23%) ÷ (22.33% – 0.23%)
€121.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €121.81 ÷ (1 + 22.33%)10
€16.23
BST:LDQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €82.00 + €16.23
€98.23
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €98.23 / 77.86
€1.26
BST:LDQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:LDQ represents 0.94798x of ATSE:LAMDA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94798x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 1.26 x 0.94798
€1.20
Value per share (EUR) From above. €1.20
Current discount Discount to share price of €7.29
= -1 x (€7.29 - €1.20) / €1.20
-509.5%

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

  • The current share price of LAMDA Development is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 LAMDA Development's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LAMDA Development's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:LDQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.70
ATSE:LAMDA Share Price ** ATSE (2019-11-15) in EUR €7.69
Germany Real Estate Industry PE Ratio Median Figure of 35 Publicly-Listed Real Estate Companies 12.72x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 19.5x

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

** Primary Listing of LAMDA Development.

BST:LDQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:LAMDA Share Price ÷ EPS (both in EUR)

= 7.69 ÷ 0.70

11x

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

  • LAMDA Development is good value based on earnings compared to the DE Real Estate industry average.
  • LAMDA Development is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does LAMDA Development's expected growth come at a high price?
Raw Data
BST:LDQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-7.5%per year
Germany Real Estate Industry PEG Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 0.62x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

BST:LDQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11x ÷ -7.5%

-1.47x

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

  • LAMDA Development earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LAMDA Development's assets?
Raw Data
BST:LDQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €5.02
ATSE:LAMDA Share Price * ATSE (2019-11-15) in EUR €7.69
Germany Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.4x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.86x
BST:LDQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:LAMDA Share Price ÷ Book Value per Share (both in EUR)

= 7.69 ÷ 5.02

1.53x

* Primary Listing of LAMDA Development.

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

  • LAMDA Development is overvalued based on assets compared to the DE Real Estate industry average.
X
Value checks
We assess LAMDA Development'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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. LAMDA Development has a total score of 2/6, 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 LAMDA Development expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
-7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LAMDA Development expected to grow at an attractive rate?
  • LAMDA Development's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • LAMDA Development's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • LAMDA Development's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:LDQ Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:LDQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -7.5%
BST:LDQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.7%
Germany Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -8%
Germany Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
BST:LDQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:LDQ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 95 28 51 2
2020-12-31 92 23 78 2
2019-12-31 86 29 73 2
2019-11-17
BST:LDQ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 79 16 54
2019-03-31 78 -3 43
2018-12-31 78 -2 42
2018-09-30 103 18 0
2018-06-30 101 26 -12
2018-03-31 97 36 -48
2017-12-31 90 28 -48
2017-09-30 58 0 -25
2017-06-30 52 -5 -16
2017-03-31 50 -3 -3
2016-12-31 49 1 -3
2016-09-30 46 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LAMDA Development's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • LAMDA Development's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
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
BST:LDQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from LAMDA Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:LDQ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.66 0.66 0.66 1.00
2020-12-31 1.11 1.11 1.11 1.00
2019-12-31 0.98 0.98 0.98 1.00
2019-11-17
BST:LDQ Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.70
2019-03-31 0.55
2018-12-31 0.54
2018-09-30 0.00
2018-06-30 -0.16
2018-03-31 -0.62
2017-12-31 -0.62
2017-09-30 -0.33
2017-06-30 -0.20
2017-03-31 -0.04
2016-12-31 -0.04
2016-09-30 -0.05

*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.
  • LAMDA Development is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess LAMDA Development'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
LAMDA Development has a total score of 1/6, 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 LAMDA Development 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 LAMDA Development's growth in the last year to its industry (Real Estate).
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.
  • LAMDA Development has delivered over 20% year on year earnings growth in the past 5 years.
  • LAMDA Development has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • LAMDA Development has become profitable in the last year making it difficult to compare the DE Real Estate industry average.
Earnings and Revenue History
LAMDA Development'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 LAMDA Development Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:LDQ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 78.53 54.41 13.01
2019-03-31 78.35 43.01 12.58
2018-12-31 78.39 42.33 12.38
2018-09-30 102.88 0.31 11.34
2018-06-30 101.40 -12.31 11.03
2018-03-31 96.55 -47.86 11.66
2017-12-31 89.69 -48.32 11.73
2017-09-30 57.96 -25.28 12.25
2017-06-30 52.25 -15.56 12.50
2017-03-31 49.66 -3.10 11.98
2016-12-31 49.49 -3.16 12.08
2016-09-30 45.74 -2.83 10.88
2016-06-30 41.96 -6.24 10.73
2016-03-31 36.63 -21.77 10.37
2015-12-31 35.87 -22.06 10.31
2015-09-30 34.22 -37.93 10.57
2015-06-30 36.98 -31.04 10.36
2015-03-31 42.80 -22.77 10.48
2014-12-31 42.73 -23.45 10.19
2014-09-30 40.15 -27.54 10.75
2014-06-30 41.01 -29.62 10.73
2014-03-31 34.74 -37.28 8.77
2013-12-31 29.91 -49.30 10.67
2013-09-30 42.00 -63.83 12.69
2013-06-30 47.58 -56.31 14.37
2013-03-31 60.32 -107.27 18.36
2012-12-31 72.05 -92.92 18.32

*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.
  • LAMDA Development has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LAMDA Development used its assets more efficiently than the DE Real Estate industry average last year based on Return on Assets.
  • LAMDA Development has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess LAMDA Development'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 Real Estate 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.
LAMDA Development has a total score of 3/6, 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 LAMDA Development'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 LAMDA Development's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LAMDA Development's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • LAMDA Development's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of LAMDA Development'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.
  • Debt is not covered by short term assets, assets are 0.3x debt.
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 LAMDA Development Company Filings, last reported 4 months ago.

BST:LDQ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 476.04 448.61 72.54
2019-03-31 439.00 447.87 70.26
2018-12-31 434.62 446.84 68.47
2018-09-30 412.38 426.32 84.77
2018-06-30 409.65 420.55 85.81
2018-03-31 381.02 438.01 122.16
2017-12-31 377.38 442.11 114.40
2017-09-30 398.69 451.23 94.14
2017-06-30 408.66 278.85 157.94
2017-03-31 356.91 283.70 101.98
2016-12-31 355.07 269.26 103.87
2016-09-30 358.32 290.22 109.94
2016-06-30 359.81 292.15 115.27
2016-03-31 360.81 300.36 122.41
2015-12-31 360.61 303.39 130.82
2015-09-30 364.61 289.45 137.61
2015-06-30 371.07 291.15 142.47
2015-03-31 387.53 301.81 153.74
2014-12-31 387.52 350.54 187.64
2014-09-30 408.35 335.08 187.72
2014-06-30 259.23 336.17 40.22
2014-03-31 250.41 343.00 35.94
2013-12-31 249.56 344.46 32.59
2013-09-30 271.50 492.27 50.32
2013-06-30 271.22 493.82 54.46
2013-03-31 289.78 517.97 59.84
2012-12-31 301.01 493.71 116.39
  • LAMDA Development's level of debt (94.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (128.9% vs 94.2% today).
  • Debt is not well covered by operating cash flow (3.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess LAMDA Development'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. LAMDA Development has a total score of 1/6, 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 LAMDA Development'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
0%
Current annual income from LAMDA Development dividends.
If you bought €2,000 of LAMDA Development shares you are expected to receive €0 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?
  • Unable to evaluate LAMDA Development's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate LAMDA Development's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
BST:LDQ 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 2 Analyst Estimates (S&P Global) See Below
Germany Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

BST:LDQ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-17

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

  • Unable to perform a dividend volatility check as LAMDA Development has not reported any payouts.
  • Unable to verify if LAMDA Development's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of LAMDA Development's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as LAMDA Development has not reported any payouts.
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 LAMDA Development's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 LAMDA Development afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LAMDA Development has a total score of 0/6, 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 LAMDA Development'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.
CEO
Odisseas Athanasiou
TENURE AS CEO 10.8 years
CEO Bio

Mr. Odisseas E. Athanasiou serves as the Chief Executive Officer at Lamda Development SA. Mr. Athanasiou served as the Chief Financial Officer of Lamda Development SA since March 24, 2006. Mr. Athanassiou served as Finance Director for Greece Region at Titan Cement Co. SA. Mr. Athanasiou held senior management positions in Greece and abroad. In his 8-year career in the U.S., he worked for Ernst & Young and Emerson Electric. He has also held the positions of Chief Financial Officer of Western Europe for Barilla, based in Paris and Chief Financial Officer, Greece-Turkey hub for Diageo Hellas. He served as Non-Executive Vice Chairman at Eurobank Properties Real Estate Investment Company. He serves as an Executive Director of Lamda Development SA. He served as member of the B.O.D. at Barilla and Greece-Turkey hub for Diageo Hellas. Mr. Athanasiou has a degree in Economics from the Athens University and an MBA in Finance and Accounting from the University of Texas.

CEO Compensation
  • Insufficient data for Odisseas to compare compensation growth.
  • Insufficient data for Odisseas to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the LAMDA Development management team in years:

15.8
Average Tenure
  • The average tenure for the LAMDA Development management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Odisseas Athanasiou

TITLE
CEO & Executive Director
TENURE
10.8 yrs

Vassilios Baloumis

TITLE
Financial Director
AGE
53
TENURE
15.8 yrs

Konstantina Karatopouzi

TITLE
Finance & Administration Director

Alexandros Kokkidis

TITLE
Treasury & IR Director
TENURE
17.3 yrs

John Giannakopoulos

TITLE
Chief Legal Counsel & Secretary

Christos Nikolopoulos

TITLE
Asset Management Director

Zissimos Danilatos

TITLE
Development Director
Board of Directors Tenure

Average tenure and age of the LAMDA Development board of directors in years:

4.7
Average Tenure
73
Average Age
  • The tenure for the LAMDA Development board of directors is about average.
Board of Directors

Anastasios Giannitsis

TITLE
Chairman of the Board
TENURE
4.7 yrs

Odisseas Athanasiou

TITLE
CEO & Executive Director
TENURE
10.5 yrs

Evangelos Chronis

TITLE
Vice Chairman of the Board
AGE
73
TENURE
9.9 yrs

Fotios Antonatos

TITLE
Non-Executive Director
AGE
74

Harry Kyriazis

TITLE
Independent Non-Executive Director
TENURE
1.4 yrs

Ulysses Paris Kyriacopoulos

TITLE
Independent Non-Executive Director
AGE
67
TENURE
9.7 yrs

Evgenia Paizi

TITLE
Non-Executive Director
TENURE
4.7 yrs

Dimitris Afendoulis

TITLE
Non-Executive Director
TENURE
1.7 yrs

Ioannis Karagiannis

TITLE
Non-Executive Director
AGE
57
TENURE
1.7 yrs

George Gerardos

TITLE
Independent Non-Executive Director
AGE
73
TENURE
12.5 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 (€) Value (€)
X
Management checks
We assess LAMDA Development'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. LAMDA Development 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

Company Info

Description

LAMDA Development S.A., together with its subsidiaries, engages in the investment, development, leasing, and maintenance of various real estate projects in Greece, Romania, Bulgaria, Serbia, and Montenegro. Its development portfolio includes three commercial and leisure centers, including The Mall Athens and Golden Hall in Athens; Mediterranean Cosmos in Thessaloniki; and Flisvos Marina in Faliro, as well as office buildings and residential complexes. The company is based in Marousi, Greece. LAMDA Development S.A. was founded in 1977 and is a subsidiary of Consolidated Lamda Holdings S.A.

Details
Name: LAMDA Development S.A.
LDQ
Exchange: BST
Founded: 1977
€598,710,855
77,855,768
Website: http://www.lamdadev.com
Address: LAMDA Development S.A.
37A Kifissias Avenue (Golden Hall),
Marousi,
151 23,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE LAMDA Ordinary Shares The Athens Stock Exchange GR EUR 03. Oct 1995
BST LDQ Ordinary Shares Boerse-Stuttgart DE EUR 03. Oct 1995
LSE 0NCY Ordinary Shares London Stock Exchange GB EUR 03. Oct 1995
Number of employees
Current staff
Staff numbers
208
LAMDA Development employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/17 22:20
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/09/10
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.