LIFESTYLE COMMUNITIES LIMITED (LIC)
Share Price Analysis and Chart

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LIC - LIFESTYLE COMMUNITIES LIMITED

FNArena Sector : Aged Care & Seniors
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 12.14
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

$8.20

20 Dec
2024

0.130

OPEN

$7.95

1.61%

HIGH

$8.25

463,291

LOW

$7.76

TARGET
$9.955 21.4% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 45.7 45.0 xxx
DPS (cps) xxx 10.5 11.2 xxx
EPS Growth xxx - 41.4% - 1.5% xxx
DPS Growth xxx - 8.0% 6.8% xxx
PE Ratio xxx N/A 18.2 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx 22.9% 24.8% xxx

Dividend yield today if purchased 3 years ago: 0.51%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.28

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: 04/09 - ex-div 5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx45.7
DPS All xxxxxxxxxxxxxxx10.5
Sales/Revenue xxxxxxxxxxxxxxx243.2 M
Book Value Per Share xxxxxxxxxxxxxxx686.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-115.2 M
Net Profit Margin xxxxxxxxxxxxxxx20.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.37 %
Return on Invested Capital xxxxxxxxxxxxxxx4.86 %
Return on Assets xxxxxxxxxxxxxxx3.69 %
Return on Equity xxxxxxxxxxxxxxx7.37 %
Return on Total Capital xxxxxxxxxxxxxxx2.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-138.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx327 M
Total Debt xxxxxxxxxxxxxxx328 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx4 M
Price To Book Value xxxxxxxxxxxxxxx1.81

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx11.0 M
Capex % of Sales xxxxxxxxxxxxxxx4.51 %
Cost of Goods Sold xxxxxxxxxxxxxxx178 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx41 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,143 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

0.4

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

15/08/2024

1

Upgrade to Buy from Neutral

$10.40

26.83%

UBS found Lifestyle Communities' FY24 in line with the pre-announcement. The broker states there are no signs as yet that an inflection point has arrived, but the rating is upgraded to Buy from Neutral regardless.

Among the reasons cited are a better balance sheet following equity raise, a belief the complaint about the Deferred Management Fee will be resolved in the company's favour and an expectation the market in Victoria will gradually improve.

The broker's price target declines to $10.40 as a result of slightly reduced forecasts, but the broker emphasises it regards the growth outlook 'attractive'.

FORECAST
UBS forecasts a full year FY25 dividend of 11.00 cents and EPS of 41.00 cents.
UBS forecasts a full year FY26 dividend of 11.00 cents and EPS of 60.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$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

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

20/08/2024

1

Buy

$13.10

59.76%

Lifestyle Communities' operating earnings fell from 68.1cps in FY23 to 48.1cps in FY24, Moelis notes, in a year marred by a slowdown
in Melbourne housing demand. The development business experienced a meaningful slowdown in settlement rates during FY24.

Management has withdrawn all guidance, and has paused three of its new developments pending completion of nearby communities and more favorable market conditions.

This should limit upside risk to gearing, Moelis suggests, as the developer chooses instead to focus on working through existing inventory. The broker believes Lifestyle Communities' current share price is highly compelling in the context of passive income.

Buy retained, target falls to $13.10 from $18.90.

FORECAST
Moelis forecasts a full year FY25 dividend of 11.00 cents and EPS of 49.00 cents.
Moelis forecasts a full year FY26 dividend of 14.00 cents and EPS of 65.00 cents.

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Extra Coverage Research History >

LIC STOCK CHART

FNArena News on LIC

1
Next Week At A Glance -23-27 Dec 2024

Dec 20 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Nov 27, 2024

Nov 27 2024 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Nov 14, 2024

Nov 14 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Aug 20, 2024

Aug 20 2024 - Daily Market Reports

Latest Aged Care & Seniors News

1
Treasure Chest: Regis Healthcare

Sep 18 2024 - Treasure Chest
2
Treasure Chest: Lifestyle Communities En Vogue

Mar 19 2024 - Treasure Chest
3
Lifestyle Communities Enjoying Strong Demand

Feb 21 2022 - Small Caps
4
Aged Care Sector: Poised

Mar 16 2021 - Australia
5
Pressure Grows On Estia Health

Dec 10 2019 - Australia
6
Aveo Group Now A Binary Proposition

Jun 26 2019 - Australia
7
Aged Care Moves Into The RC Spotlight

Sep 20 2018 - Australia
8
Regis Healthcare In Strong Shape For FY19

Sep 04 2018 - Australia
9
Gateway Pays Up For Expansion

Mar 20 2018 - Small Caps
10
Challenging FY18 For Japara Healthcare

Dec 20 2017 - Small Caps