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London City Equities Ltd
(Sydney:LCE)
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Rating:70Outperform
Price Target:
AU$0.94
â–²(10.00% Upside)
Action:Upgraded
Date:08/30/26
The score is driven primarily by strong financial performance in 2026 (surging profitability and a debt-free balance sheet), tempered by historically volatile earnings/cash flow. Technicals are mildly supportive but show overbought signals, while valuation is the main headwind due to the very high P/E and only modest dividend yield.
Positive Factors
Sharp 2026 revenue and profit growth
The substantial 2026 increase in revenue and net income indicates strong recent business momentum and improved earnings capacity, giving the company a stronger operating base over the next several months.
Negative Factors
Historically volatile earnings
The sharp contrast between the 2026 result and earlier losses or modest profits makes the earnings base difficult to forecast. This volatility reduces confidence that current profitability will persist through the next reporting period.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp 2026 revenue and profit growth
The substantial 2026 increase in revenue and net income indicates strong recent business momentum and improved earnings capacity, giving the company a stronger operating base over the next several months.
Read all positive factors
London City Equities Ltd (LCE) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$26.98M
Dividend Yield1.76%
Average Volume (3M)926.00
Price to Earnings (P/E)3.5
Beta (1Y)0.03
Revenue Growth422.26%
EPS Growth1436.25%
CountryAU
Employees2
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.25
Shares Outstanding31,742,298
10 Day Avg. Volume0
30 Day Avg. Volume926
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.95
Price to Sales (P/S)2.98
P/FCF Ratio3.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
London City Equities Ltd Business Overview & Revenue Model
Company Description
London City Equities Limited operates as a publicly listed investment management firm. Its core activity involves allocating capital within Australia's public equity markets. The company, headquartered in Sydney, Australia, was established in 1986....
London City Equities Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
64
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.01M | 1.81M | 1.25M | 1.27M | 2.41M |
| Gross Profit | 8.04M | 1.28M | 923.61K | 722.93K | 2.16M |
| EBITDA | 7.80M | 776.90K | 46.02K | 169.63K | 1.92M |
| Net Income | 7.80M | 499.91K | -6.48K | 169.63K | 1.81M |
Balance Sheet | |||||
| Total Assets | 29.35M | 27.11M | 26.61M | 20.61M | 22.97M |
| Cash, Cash Equivalents and Short-Term Investments | 25.15M | 11.37M | 19.76K | 293.36K | 1.55M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 903.55K | 2.49M | 5.18M | 3.15M | 3.85M |
| Stockholders Equity | 28.45M | 24.62M | 21.44M | 17.46M | 19.12M |
Cash Flow | |||||
| Free Cash Flow | 8.08M | -10.72M | 508.26K | -48.00K | 1.92M |
| Operating Cash Flow | 8.08M | -10.72M | 508.26K | -48.00K | 1.92M |
| Investing Cash Flow | -7.70M | 11.82M | -138.63K | -1.30M | -1.47M |
| Financing Cash Flow | -112.42K | -1.08M | -367.46K | -189.39K | -251.43K |
London City Equities Ltd Technical Analysis
Positive
0.85
Price Trends
0.83
Positive
0.84
Positive
0.85
Positive
Market Momentum
<0.01
Positive
56.58
Neutral
98.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LCE, the sentiment is Positive. The current price of 0.85 is below the 20-day moving average (MA) of 0.85, above the 50-day MA of 0.83, and above the 200-day MA of 0.85, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 56.58 is Neutral, neither overbought nor oversold. The STOCH value of 98.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LCE.
London City Equities Ltd Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$34.99M | 6.12 | 15.53% | 6.53% | 201.60% | 281.48% | |
70 Outperform | AU$26.98M | 3.46 | 27.70% | 1.76% | 422.26% | 1436.25% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
58 Neutral | AU$49.19M | -6.44 | -9.58% | 6.52% | -42.55% | -396.54% | |
53 Neutral | AU$28.62M | -9.46 | -9.30% | 9.92% | -21.07% | -143.16% | |
45 Neutral | AU$24.67M | 30.30 | 3.35% | 2.66% | -50.69% | 47.76% |
* Financial Sector Average
AU:LCE
London City Equities Ltd
0.85
0.08
10.39%
AU:GC1
Glennon Small Companies Ltd
0.42
-0.07
-13.93%
AU:CIW
Clime Investment Management Ltd
0.30
-0.11
-26.11%
AU:NAC
NAOS Ex-50 Opportunities Co. Ltd.
0.63
0.09
17.48%
AU:SB2
Salter Brothers Emerging Companies Ltd.
0.60
-0.09
-12.88%
AU:CDO
Cadence Opportunities Fund Ltd.
2.22
0.54
31.99%
London City Equities Ltd Corporate Events
London City Equities Director Increases Indirect Shareholding via On-Market Trade
Aug 27, 2026
London City Equities Limited has disclosed a change in director David G. Butel’s indirect interests in the company’s fully paid ordinary shares. The update, lodged with the ASX under listing rule 3.19A.2, reflects movements in holdings...
London City Equities Details ASX Governance Compliance in 2026 Annual Report
Aug 25, 2026
London City Equities Limited, an ASX-listed investment company, outlines its governance framework in its annual report for the year to 30 June 2026. The corporate governance statement details how the firm applies ASX Corporate Governance Council P...
London City Equities books profit surge on asset sales and boosts cash reserves
Aug 25, 2026
London City Equities reported a sharp improvement in earnings for the year to 30 June 2026, with revenue from ordinary activities rising 398% to $9.03 million and profit after tax surging to $7.8 million from $0.5 million a year earlier. Net tangi...
London City Equities Director Boosts Indirect Shareholding via On-Market Trades
Aug 16, 2026
London City Equities Limited has disclosed a change in director David G. Butel’s indirect interests in the company’s fully paid ordinary shares, following on-market purchases in mid-August 2026. The transactions, executed via his DG Bu...
London City Equities Director Adds to Indirect Shareholding
Jun 3, 2026
London City Equities has disclosed a minor change in director David G. Butel’s indirect shareholding following an on-market purchase. Through Imperial Pacific Limited, a company where he is a director and shareholder, Butel acquired 35 fully...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.