London & Associated Properties

LSE:LAS UK Real Estate Services
Market Cap
$41.53K
GBX341.30 Million GBX
Market Cap Rank
#48978 Global
#1268 in UK
Share Price
GBX4.00
Change (1 day)
+33.33%
52-Week Range
GBX2.50 - GBX10.00
All Time High
GBX32.51
Categories
Companies in UK Real Estate Services
About

London & Associated Properties PLC ("LAP" or the Group) is a main market listed group which invests in and manages UK industrial and retail property. LAP owns £46.1 million of property and seeks to create environments where tenants can thrive. LAP also has a 41.6% interest in Bisichi Plc, a fully listed mining company. Bisichi owns a retail property portfolio that is managed by LAP.

London & Associated Properties (LAS) - Net Assets

Latest net assets as of December 2024: GBX50.56 Million GBX

Based on the latest financial reports, London & Associated Properties (LAS) has net assets worth GBX50.56 Million GBX as of December 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX100.06 Million) and total liabilities (GBX49.50 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets GBX50.56 Million
% of Total Assets 50.53%
Annual Growth Rate 5.45%
5-Year Change 27.85%
10-Year Change 1.83%
Growth Volatility 20.07

London & Associated Properties - Net Assets Trend (1985–2024)

This chart illustrates how London & Associated Properties's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for London & Associated Properties (1985–2024)

The table below shows the annual net assets of London & Associated Properties from 1985 to 2024.

Year Net Assets Change
2024-12-31 GBX50.56 Million +4.65%
2023-12-31 GBX48.31 Million -10.06%
2022-12-31 GBX53.72 Million +33.56%
2021-12-31 GBX40.22 Million +1.70%
2020-12-31 GBX39.55 Million -19.51%
2019-12-31 GBX49.13 Million -11.77%
2018-12-31 GBX55.69 Million -1.81%
2017-12-31 GBX56.71 Million +16.61%
2016-12-31 GBX48.63 Million -2.06%
2015-12-31 GBX49.65 Million -6.97%
2014-12-31 GBX53.37 Million +7.32%
2013-12-31 GBX49.73 Million +7.05%
2012-12-31 GBX46.46 Million +16.35%
2011-12-31 GBX39.93 Million -28.39%
2010-12-31 GBX55.76 Million -5.66%
2009-12-31 GBX59.10 Million +46.64%
2008-12-31 GBX40.31 Million -54.71%
2007-12-31 GBX88.99 Million -12.63%
2006-12-31 GBX101.86 Million +15.30%
2005-12-31 GBX88.34 Million +9.60%
2004-12-31 GBX80.60 Million +12.12%
2003-12-31 GBX71.89 Million +33.06%
2002-12-31 GBX54.02 Million +8.21%
2001-12-31 GBX49.93 Million +2.16%
2000-12-31 GBX48.87 Million +7.99%
1999-12-31 GBX45.25 Million +10.84%
1998-12-31 GBX40.83 Million +3.10%
1997-12-31 GBX39.60 Million +7.84%
1996-12-31 GBX36.72 Million +0.69%
1995-12-31 GBX36.47 Million -4.37%
1994-12-31 GBX38.14 Million +9.98%
1993-12-31 GBX34.68 Million +28.16%
1992-12-31 GBX27.06 Million +4.08%
1991-12-31 GBX26.00 Million +24.53%
1990-12-31 GBX20.88 Million +0.42%
1989-12-31 GBX20.79 Million +36.45%
1988-12-31 GBX15.23 Million +14.03%
1987-12-31 GBX13.36 Million +33.35%
1986-12-31 GBX10.02 Million +56.87%
1985-12-31 GBX6.39 Million --

Equity Component Analysis

This analysis shows how different components contribute to London & Associated Properties's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 2540.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings GBX16.05 Million 57.16%
Common Stock GBX8.55 Million 30.46%
Other Components GBX3.48 Million 12.39%
Total Equity GBX28.09 Million 100.00%

London & Associated Properties Competitors by Market Cap

The table below lists competitors of London & Associated Properties ranked by their market capitalization.

Company Market Cap
NORTHERN NIGERIA FLOUR MILLS PLC
XNSA:NNFM
 		$467.22
Bullet Blockchain Inc
PINK:BULT
 		$467.40
Fletcher King Plc
LSE:FLK
 		$467.77
GKS GieKSa Katowice SA
WAR:GKS
 		$468.49
Applied UV, Inc.
NASDAQ:AUVIQ
 		$467.00
Westminster Group Plc
LSE:WSG
 		$466.79
Arab Real Estate Investment CO.-ALICO
EGX:RREI
 		$466.28
EQUATORIAL RES
BE:PBU
 		$465.93

Equity Growth Attribution

This analysis shows how different factors contributed to changes in London & Associated Properties's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 28,490,000 to 28,085,000, a change of -405,000 (-1.4%).
  • Net loss of 373,000 reduced equity.
  • Dividend payments of 436,000 reduced retained earnings.
  • Other comprehensive income increased equity by 1,211,000.
  • Other factors decreased equity by 807,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income GBX-373.00K -1.33%
Dividends Paid GBX436.00K -1.55%
Other Comprehensive Income GBX1.21 Million +4.31%
Other Changes GBX-807.00K -2.87%
Total Change GBX- -1.42%

Book Value vs Market Value Analysis

This analysis compares London & Associated Properties's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 12.15x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 12.53x to 12.15x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1985-12-31 GBX0.32 GBX4.00 x
1986-12-31 GBX0.31 GBX4.00 x
1987-12-31 GBX0.30 GBX4.00 x
1988-12-31 GBX0.37 GBX4.00 x
1989-12-31 GBX0.46 GBX4.00 x
1990-12-31 GBX0.46 GBX4.00 x
1991-12-31 GBX0.45 GBX4.00 x
1992-12-31 GBX0.39 GBX4.00 x
1993-12-31 GBX0.50 GBX4.00 x
1994-12-31 GBX0.52 GBX4.00 x
1995-12-31 GBX0.50 GBX4.00 x
1996-12-31 GBX0.49 GBX4.00 x
1997-12-31 GBX0.53 GBX4.00 x
1998-12-31 GBX0.54 GBX4.00 x
1999-12-31 GBX0.55 GBX4.00 x
2000-12-31 GBX0.59 GBX4.00 x
2001-12-31 GBX0.62 GBX4.00 x
2002-12-31 GBX0.67 GBX4.00 x
2003-12-31 GBX0.89 GBX4.00 x
2004-12-31 GBX0.98 GBX4.00 x
2005-12-31 GBX1.12 GBX4.00 x
2006-12-31 GBX1.34 GBX4.00 x
2007-12-31 GBX1.12 GBX4.00 x
2008-12-31 GBX0.53 GBX4.00 x
2009-12-31 GBX0.74 GBX4.00 x
2010-12-31 GBX0.68 GBX4.00 x
2011-12-31 GBX0.47 GBX4.00 x
2012-12-31 GBX0.55 GBX4.00 x
2013-12-31 GBX0.59 GBX4.00 x
2014-12-31 GBX0.50 GBX4.00 x
2015-12-31 GBX0.47 GBX4.00 x
2016-12-31 GBX0.45 GBX4.00 x
2017-12-31 GBX0.54 GBX4.00 x
2018-12-31 GBX0.51 GBX4.00 x
2019-12-31 GBX0.43 GBX4.00 x
2020-12-31 GBX0.35 GBX4.00 x
2021-12-31 GBX0.35 GBX4.00 x
2022-12-31 GBX0.38 GBX4.00 x
2023-12-31 GBX0.33 GBX4.00 x
2024-12-31 GBX0.33 GBX4.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently London & Associated Properties utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): -1.33%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -0.68%
  • • Asset Turnover: 0.55x
  • • Equity Multiplier: 3.56x
  • Recent ROE (-1.33%) is above the historical average (-1.54%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1985 4.76% 0.00% 0.00x 1.34x GBX-334.70K
1986 2.99% 0.00% 0.00x 1.27x GBX-701.90K
1987 3.96% 0.00% 0.00x 1.21x GBX-807.00K
1988 3.12% 0.00% 0.00x 1.30x GBX-1.05 Million
1989 4.76% 69.72% 0.04x 1.52x GBX-1.09 Million
1990 3.03% 24.33% 0.08x 1.57x GBX-1.46 Million
1991 2.49% 18.38% 0.09x 1.58x GBX-1.95 Million
1992 2.29% 15.16% 0.10x 1.58x GBX-2.09 Million
1993 2.99% 24.27% 0.08x 1.56x GBX-2.43 Million
1994 3.68% 27.66% 0.08x 1.77x GBX-2.41 Million
1995 3.76% 24.69% 0.07x 2.05x GBX-2.27 Million
1996 4.65% 24.20% 0.10x 2.02x GBX-1.97 Million
1997 4.56% 29.04% 0.08x 2.09x GBX-2.16 Million
1998 3.77% 20.70% 0.09x 2.07x GBX-2.54 Million
1999 3.47% 19.83% 0.08x 2.31x GBX-2.96 Million
2000 3.76% 20.85% 0.08x 2.22x GBX-3.05 Million
2001 4.62% 26.53% 0.08x 2.20x GBX-2.69 Million
2002 3.41% 22.99% 0.07x 2.12x GBX-3.56 Million
2003 3.34% 30.47% 0.06x 1.79x GBX-4.78 Million
2004 20.62% 214.15% 0.05x 1.96x GBX8.56 Million
2005 16.81% 188.75% 0.05x 1.93x GBX6.01 Million
2006 14.94% 192.85% 0.03x 2.46x GBX5.03 Million
2007 -14.05% -95.94% 0.04x 3.57x GBX-21.40 Million
2008 -117.73% -287.55% 0.06x 6.73x GBX-51.48 Million
2009 32.23% 115.13% 0.06x 4.54x GBX13.14 Million
2010 -6.27% -21.86% 0.06x 4.45x GBX-9.07 Million
2011 -37.12% -90.49% 0.07x 6.24x GBX-18.81 Million
2012 15.65% 45.70% 0.06x 5.62x GBX2.62 Million
2013 6.98% 42.19% 0.03x 4.96x GBX-1.50 Million
2014 -16.78% -21.29% 0.24x 3.35x GBX-11.39 Million
2015 -4.74% -5.81% 0.24x 3.39x GBX-5.91 Million
2016 -6.16% -7.93% 0.21x 3.64x GBX-6.18 Million
2017 16.76% 16.06% 0.33x 3.16x GBX3.10 Million
2018 -4.80% -3.68% 0.43x 3.07x GBX-6.42 Million
2019 -17.64% -10.13% 0.58x 3.02x GBX-10.15 Million
2020 -22.45% -19.14% 0.34x 3.46x GBX-9.69 Million
2021 -0.51% -0.27% 0.56x 3.40x GBX-3.12 Million
2022 8.31% 2.70% 0.84x 3.65x GBX-550.60K
2023 -13.55% -7.26% 0.54x 3.43x GBX-6.71 Million
2024 -1.33% -0.68% 0.55x 3.56x GBX-3.18 Million

Industry Comparison

This section compares London & Associated Properties's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

  • Industry: Real Estate Services
  • Average net assets among peers: $293,922,222
  • Average return on equity (ROE) among peers: 5.64%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
London & Associated Properties (LAS) GBX50.56 Million 4.76% 0.98x $467.18
Alina Holdings PLC (ALNA) $151.77 Million -5.31% 0.73x $372.82
Cardiff Property PLC (CDFF) $22.11 Million 11.50% 0.01x $3.36K
Caledonian Trust PLC (CNN) $18.73 Million -4.94% 0.25x $931.92
Fletcher King Plc (FLK) $3.37 Million 16.34% 0.58x $467.77
First Property Group plc (FPO) $7.73 Million 12.40% 0.23x $3.01K
GRIT Real Estate Income Group (GR1T) $344.38 Million -18.07% 2.14x $4.27K
Globalworth REIT (GWI) $1.66 Billion -1.02% 1.03x $69.85 Million
Helical Bar Plc (HLCL) $340.53 Million 25.73% 1.28x $28.58K
LSL Property Services Plc (LSL) $99.32 Million 14.10% 1.39x $33.06K