LIFESTYLE COMMUNITIES LIMITED (LIC)
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LIC - LIFESTYLE COMMUNITIES LIMITED

FNArena Sector : Aged Care & Seniors
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 10.01
Index: ASX200 | ASX300 | ALL-ORDS

Lifestyle Communities is an Australian developer and operator of land lease villages for retired or semi-retired people over fifty years of age. The company was founded in 2003.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.60

22 Jul
2024

0.090

OPEN

$9.56

0.95%

HIGH

$9.78

1,087,311

LOW

$9.35

TARGET
$14.217 48.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
EGH . INA . OCA . REG .
FNARENA'S MARKET CONSENSUS FORECASTS
LIC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 77.9 52.0 xxx
DPS (cps) xxx 11.4 11.5 xxx
EPS Growth xxx - 7.8% - 33.3% xxx
DPS Growth xxx 9.5% 0.7% xxx
PE Ratio xxx N/A 18.4 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 14.6% 22.0% xxx

Dividend yield today if purchased 3 years ago: 0.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.19

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 12/03 - ex-div 5.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx77.9
DPS All xxxxxxxxxxxxxxx11.4
Sales/Revenue xxxxxxxxxxxxxxx232.3 M
Book Value Per Share xxxxxxxxxxxxxxx499.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-30.4 M
Net Profit Margin xxxxxxxxxxxxxxx35.26 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx16.74 %
Return on Invested Capital xxxxxxxxxxxxxxx10.25 %
Return on Assets xxxxxxxxxxxxxxx7.43 %
Return on Equity xxxxxxxxxxxxxxx16.74 %
Return on Total Capital xxxxxxxxxxxxxxx4.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-51.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx375 M
Total Debt xxxxxxxxxxxxxxx376 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1 M
Price To Book Value xxxxxxxxxxxxxxx3.10

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx8.5 M
Capex % of Sales xxxxxxxxxxxxxxx3.67 %
Cost of Goods Sold xxxxxxxxxxxxxxx158 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx39 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx965 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

22/07/2024

2

Accumulate

$12.60

31.25%

Lifestyle Communities' brief trading update has not included guidance given the difficulty in quantifying the affect of recent media coverage, which queried the company's use of Deferred Management Fees (DMF).

Given the company's recent guidance misses, this is perhaps a moot point but Ord Minnett's base case caps DMF at 10% (half its previous figure) from FY26 onward. The broker also lowers settlements assumptions for FY24 to FY26.

Accumulate rating retained to reflect perceived long-term valuation upside. Target price falls to $12.60 from $15.80.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 11.50 cents and EPS of 47.90 cents.
Ord Minnett forecasts a full year FY25 dividend of 13.00 cents and EPS of 58.50 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

30/04/2024

1

Buy

$18.90

96.88%

Lifestyle Communities has revised its FY24 settlement guidance downward due to challenging conditions in Victoria, expecting between 290-310 settlements compared to the previously anticipated circa 350.

Management did maintain its medium-term guidance of 1,400-1,700 settlements through FY26. Moelis only initiated coverage in March and has now adjusted its forecasts accordingly, reducing near-term earnings estimates and lowering the target price to $18.90 from $20.00.

Buy rating retained on an ongoing longer-term positive view.

FORECAST
Moelis forecasts a full year FY24 dividend of 11.10 cents and EPS of 45.70 cents.
Moelis forecasts a full year FY25 dividend of 12.60 cents and EPS of 74.70 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

LIC STOCK CHART

FNArena News on LIC

1
Next Week At A Glance – 22-26 July 2024

Jul 19 2024 - Weekly Reports
2
Pros & Cons Of Discounted A-REITs

Jul 16 2024 - Feature Stories
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-06-24

Jun 21 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Jun 21, 2024

Jun 21 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – May 07, 2024

May 07 2024 - Daily Market Reports

Latest Aged Care & Seniors News

1
Treasure Chest: Lifestyle Communities En Vogue

Mar 19 2024 - Treasure Chest
2
Lifestyle Communities Enjoying Strong Demand

Feb 21 2022 - Small Caps
3
Aged Care Sector: Poised

Mar 16 2021 - Australia
4
Pressure Grows On Estia Health

Dec 10 2019 - Australia
5
Aveo Group Now A Binary Proposition

Jun 26 2019 - Australia
6
Aged Care Moves Into The RC Spotlight

Sep 20 2018 - Australia
7
Regis Healthcare In Strong Shape For FY19

Sep 04 2018 - Australia
8
Gateway Pays Up For Expansion

Mar 20 2018 - Small Caps
9
Challenging FY18 For Japara Healthcare

Dec 20 2017 - Small Caps
10
Estia Health Beset By Uncertainty

Dec 13 2016 - Australia