Financials London Security plc

Equities

LSC

GB0005314363

Communications & Networking

Market Closed - London S.E. 11:35:07 2024-06-04 am EDT 5-day change 1st Jan Change
3,050 GBX 0.00% Intraday chart for London Security plc 0.00% 0.00%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 237.9 267.3 284.5 322.5 349.4 373.9
Enterprise Value (EV) 1 221.4 249.8 256 294.9 323.4 348.3
P/E ratio 14.8 x 16.1 x 15.9 x 16.2 x 17.3 x 16.1 x
Yield 4.12% 2.75% 3.45% 3.12% 2.95% 4.07%
Capitalization / Revenue 1.73 x 1.82 x 1.86 x 1.94 x 1.85 x 1.7 x
EV / Revenue 1.61 x 1.7 x 1.68 x 1.77 x 1.71 x 1.59 x
EV / EBITDA 7.54 x 8.14 x 7.81 x 8.64 x 9.31 x 8.72 x
EV / FCF 14.3 x 14 x 14.7 x 17.3 x 23.4 x 20.4 x
FCF Yield 7% 7.12% 6.78% 5.79% 4.27% 4.91%
Price to Book 2.16 x 2.31 x 2.26 x 2.45 x 2.4 x 2.46 x
Nbr of stocks (in thousands) 12,261 12,261 12,261 12,261 12,261 12,260
Reference price 2 19.40 21.80 23.20 26.30 28.50 30.50
Announcement Date 5/20/19 6/4/20 5/18/21 5/24/22 5/26/23 5/21/24
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 137.7 146.9 152.7 166.6 188.9 219.7
EBITDA 1 29.35 30.68 32.77 34.13 34.72 39.93
EBIT 1 23.26 24.24 26.05 27.16 27.16 31.59
Operating Margin 16.89% 16.5% 17.06% 16.3% 14.38% 14.38%
Earnings before Tax (EBT) 1 23.14 24.04 24.58 27 26.95 31.54
Net income 1 16.08 16.65 17.85 19.91 20.2 23.26
Net margin 11.67% 11.33% 11.69% 11.95% 10.7% 10.59%
EPS 2 1.311 1.358 1.456 1.624 1.648 1.898
Free Cash Flow 1 15.49 17.79 17.36 17.08 13.8 17.09
FCF margin 11.25% 12.11% 11.37% 10.25% 7.31% 7.78%
FCF Conversion (EBITDA) 52.78% 57.96% 52.98% 50.03% 39.75% 42.81%
FCF Conversion (Net income) 96.35% 106.8% 97.25% 85.79% 68.31% 73.48%
Dividend per Share 2 0.8000 0.6000 0.8000 0.8200 0.8400 1.240
Announcement Date 5/20/19 6/4/20 5/18/21 5/24/22 5/26/23 5/21/24
1GBP in Million2GBP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 16.5 17.5 28.4 27.5 26.1 25.6
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 15.5 17.8 17.4 17.1 13.8 17.1
ROE (net income / shareholders' equity) 15.1% 14.8% 14.9% 15.5% 14.6% 15.6%
ROA (Net income/ Total Assets) 10% 9.85% 10% 9.87% 9.16% 9.92%
Assets 1 160.3 169 178.4 201.7 220.5 234.5
Book Value Per Share 2 8.960 9.450 10.30 10.70 11.90 12.40
Cash Flow per Share 2 2.130 2.210 3.050 2.910 2.770 2.670
Capex 1 3.55 3.97 5.06 4.88 4.63 7.67
Capex / Sales 2.58% 2.7% 3.32% 2.93% 2.45% 3.49%
Announcement Date 5/20/19 6/4/20 5/18/21 5/24/22 5/26/23 5/21/24
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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