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LSL Property Services
(LSE:LSL)
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Rating:68Neutral
Price Target:
281.00 p
â–²(1.08% Upside)
Action:Reiterated
Date:09/22/26
The score is driven primarily by improving financial performance (return to profitability and strong recent cash generation) and a very constructive earnings update with supportive guidance, transformation savings, and strong returns/cash conversion. Valuation is supportive (mid-teens P/E and ~4.4% yield), while technicals are more neutral, reflecting consolidation despite an intact longer-term uptrend.
Positive Factors
Diversified and resilient revenue model
Revenue diversification reduces reliance on home-sale volumes and gives LSL multiple ways to earn through different housing-market conditions. Lettings, remortgaging, platform fees and other repeatable streams can provide resilience when transaction activity weakens, supporting more stable earnings.
Negative Factors
Exposure to cyclical housing activity
Although earnings have recovered, LSL remains exposed to UK housing activity because estate agency, valuations and related services depend partly on transactions and mortgage volumes. A prolonged weaker market could reduce revenue, impair operating leverage and reverse recent profit recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified and resilient revenue model
Revenue diversification reduces reliance on home-sale volumes and gives LSL multiple ways to earn through different housing-market conditions. Lettings, remortgaging, platform fees and other repeatable streams can provide resilience when transaction activity weakens, supporting more stable earnings.
Read all positive factors
LSL Property Services (LSL) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£240.75M
Dividend Yield4.6%
Average Volume (3M)114.66K
Price to Earnings (P/E)14.4
Beta (1Y)0.71
Revenue Growth5.64%
EPS Growth13.14%
CountryUK
Employees1,785
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.17
Shares Outstanding98,089,640
10 Day Avg. Volume95,775
30 Day Avg. Volume114,662
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)3.28
Price to Sales (P/S)1.46
P/FCF Ratio11.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£362.00Price Target Upside30.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.25
Revenue Forecast (FY)£189.81M
LSL Property Services Business Overview & Revenue Model
Company Description
LSL Property Services plc, established in 2004 and headquartered in Newcastle upon Tyne, UK, offers a comprehensive range of property-related provisions. The company assists mortgage intermediaries, provides specialized mortgage and insurance advi...
How the Company Makes Money
LSL generates revenue primarily from fees and commissions earned across several property-services activities. (1) Estate agency and lettings: the company earns fees from vendors and landlords for marketing and transacting residential property sale...
LSL Property Services Earnings Call Summary
Earnings Call Date:Sep 15, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Apr 29, 2027
Earnings Call Sentiment Positive
The call was strongly positive. LSL reported double-digit underlying operating profit growth, expanding margins, record first-half return on capital employed, high cash conversion, resilient divisional performance, and unchanged full-year expectations. The main challenges were a smaller residential sales market, London softness, and lower financial services revenue and profit caused by product mix, CRM investment, and lower advisor numbers, but management also cited actions that absorbed wage inflation and investment while delivering profit growth.Positive Updates
Profit, Margin and Revenue Growth
First-half revenue increased by 3% to GBP 92.3 million, while underlying operating profit increased by 11% to GBP 15.9 million. Underlying operating margin increased by 130 basis points to just over 17%, the group's highest first-half margin for more than 15 years.
Negative Updates
Smaller Residential Sales Market
The residential sales market was slightly smaller year-on-year, largely because of the stamp duty-related pull-forward in the comparative period. Purchase transactions remained around long-term averages.
Read all updates
Q2-2026 Updates
Positive
Negative
Profit, Margin and Revenue Growth
First-half revenue increased by 3% to GBP 92.3 million, while underlying operating profit increased by 11% to GBP 15.9 million. Underlying operating margin increased by 130 basis points to just over 17%, the group's highest first-half margin for more than 15 years.
Read all positive updates
Company Guidance
For 2026, the group expects increased revenue and another year of profit growth, representing the group's fourth consecutive year of profit growth, with expectations for 2026 remaining unchanged; it continues to expect operating cash conversion between 75% and 100% and capital expenditure between GBP 3 million and GBP 5 million. The transformation program is expected to deliver at least GBP 5 million of annualized benefits with the benefits building through 2027, and remains on track to deliver GBP 5 million of annualized savings progressively through 2027, supporting the ambition to move the group margin above 20%. The new share buyback program of up to GBP 12 million remains on track to be completed by January 2027.LSL Property Services Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 187.68M | 184.06M | 173.22M | 144.42M | 217.47M | 327.77M |
| Gross Profit | 111.59M | 134.09M | 129.47M | 144.42M | 239.83M | 300.66M |
| EBITDA | 32.48M | 30.72M | 29.50M | 14.51M | 36.12M | 58.17M |
| Net Income | 17.38M | 16.96M | 17.36M | -38.00M | -63.21M | 61.94M |
Balance Sheet | ||||||
| Total Assets | 164.51M | 180.97M | 167.84M | 149.52M | 217.60M | 319.49M |
| Cash, Cash Equivalents and Short-Term Investments | 54.00M | 67.21M | 66.82M | 58.16M | 61.22M | 48.46M |
| Total Debt | 37.55M | 45.75M | 34.05M | 31.48M | 35.38M | 31.13M |
| Total Liabilities | 84.19M | 99.09M | 85.96M | 73.58M | 86.55M | 101.37M |
| Stockholders Equity | 80.49M | 82.08M | 82.16M | 76.25M | 125.62M | 217.60M |
Cash Flow | ||||||
| Free Cash Flow | 27.00M | 22.51M | 26.51M | -9.77M | 21.43M | 24.49M |
| Operating Cash Flow | 25.23M | 23.75M | 29.55M | -6.92M | 26.34M | 31.39M |
| Investing Cash Flow | -1.87M | -8.10M | -15.01M | 18.02M | -7.56M | 30.39M |
| Financing Cash Flow | -23.33M | -20.25M | -15.35M | -16.24M | -27.13M | -24.76M |
LSL Property Services Technical Analysis
Neutral
278.00
Price Trends
255.76
Negative
235.16
Positive
233.08
Positive
Market Momentum
-1.61
Positive
43.58
Neutral
20.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LSL, the sentiment is Neutral. The current price of 278 is above the 20-day moving average (MA) of 252.88, above the 50-day MA of 255.76, and above the 200-day MA of 233.08, indicating a neutral trend. The MACD of -1.61 indicates Positive momentum. The RSI at 43.58 is Neutral, neither overbought nor oversold. The STOCH value of 20.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:LSL.
LSL Property Services Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £264.57M | 14.91 | 11.70% | 3.52% | 8.05% | 14.09% | |
71 Outperform | £1.20B | 9.12 | 6.53% | 3.56% | -23.35% | 20.53% | |
69 Neutral | £21.30M | 13.37 | 24.02% | 8.00% | -5.69% | -2.22% | |
68 Neutral | £240.75M | 14.40 | 21.39% | 4.60% | 5.64% | 13.14% | |
67 Neutral | £109.44M | 13.07 | 5.76% | 3.16% | -0.77% | -44.83% | |
67 Neutral | £1.63B | 21.51 | 8.94% | 3.53% | 7.29% | 20.68% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
GB:LSL
LSL Property Services
255.00
17.32
7.29%
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166.10
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-8.99%
GB:TPFG
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GB:SVS
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2.68%
LSL Property Services Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Boosts Treasury Stock with Latest Share Buyback
Positive
Sep 21, 2026
LSL Property Services has repurchased 130,000 ordinary shares on the London Stock Exchange between 14 and 18 September 2026 as part of its ongoing share buyback programme initiated earlier in the year. The transactions were executed via Shore Capi...
Business Operations and StrategyDividendsFinancial Disclosures
LSL Property Services Delivers Profit Growth and Launches Transformation Drive
Positive
Sep 15, 2026
LSL Property Services reported a solid first-half performance to 30 June 2026, with revenue up 3% to £92.3m, underlying operating profit rising 11% to £15.9m and margins improving to 17%, supported by strong cash generation and a maintai...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Updates Share Buyback and Voting Rights
Positive
Sep 14, 2026
LSL Property Services plc has continued its previously announced share buyback programme, repurchasing 130,000 ordinary shares on the London Stock Exchange between 7 and 11 September 2026 through its broker Shore Capital Stockbrokers Limited. The ...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
LSL executives boost holdings through Share Incentive Plan
Positive
Sep 9, 2026
LSL Property Services has disclosed routine share purchases by senior executives under its Share Incentive Plan, with Group CEO Adam Castleton, PDMR Paul Hardy and Group CRO Saad Hassanuddin acquiring partnership shares at £2.696 each. Under ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL boosts treasury stock with latest share buyback tranche
Positive
Sep 7, 2026
LSL Property Services has continued to execute its previously announced share buyback programme, repurchasing 110,500 ordinary shares on the London Stock Exchange between 31 August and 4 September 2026 through its broker Shore Capital Stockbrokers...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Adds 130,000 Shares to Treasury in Ongoing Buyback
Positive
Sep 1, 2026
LSL Property Services plc has repurchased 130,000 ordinary shares on the London Stock Exchange between 24 and 28 August 2026 as part of its ongoing share buyback programme conducted through Shore Capital Stockbrokers. The repurchased shares will b...
Business Operations and StrategyFinancial Disclosures
LSL Property Services Sets September Date for Interim Results and Investor Briefings
Neutral
Aug 28, 2026
LSL Property Services will publish its interim results for the six months to 30 June 2026 on 15 September 2026, marking the next formal update on the group’s financial and operational performance. The timing of the announcement is likely to ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Updates Share Buyback and Voting Rights
Neutral
Aug 24, 2026
LSL Property Services plc has continued its previously announced share buyback programme, repurchasing 130,000 ordinary shares on the London Stock Exchange between 17 August and 21 August 2026 through its broker Shore Capital Stockbrokers Limited....
Stock BuybackRegulatory Filings and Compliance
LSL Property Services Updates Share Buyback and Voting Rights
Neutral
Aug 17, 2026
LSL Property Services plc has continued executing its previously announced share buyback programme, purchasing 130,000 ordinary shares on the London Stock Exchange between 10 August and 14 August 2026 through its broker Shore Capital Stockbrokers ...
Business Operations and StrategyExecutive/Board Changes
LSL executives increase holdings through Share Incentive Plan
Positive
Aug 10, 2026
LSL Property Services has disclosed routine share purchases by senior management under its Share Incentive Plan, with transactions executed on 5 August 2026 at a price of £2.4822 per share. Group CEO Adam Castleton, PDMR Paul Hardy and Group ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services updates market on latest share buyback and voting rights
Positive
Aug 10, 2026
LSL Property Services has repurchased 130,000 ordinary shares on the London Stock Exchange between 3 and 7 August 2026 as part of its ongoing share buyback programme, executed through Shore Capital Stockbrokers. The repurchased shares are being he...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Expands Share Buyback and Updates Voting Rights
Positive
Aug 3, 2026
LSL Property Services has continued its share buyback programme, repurchasing 130,000 ordinary shares on the London Stock Exchange between 27 and 31 July 2026 through its broker Shore Capital. The repurchased shares are being held in treasury as p...
Executive/Board ChangesRegulatory Filings and Compliance
LSL Director Reinvests Remuneration Into Company Shares
Positive
Jul 31, 2026
LSL Property Services plc has disclosed that Director Darrell Evans acquired 2,581 ordinary shares in the company through the regular reinvestment of part of his remuneration as chair of a group subsidiary board. The transaction reflects LSL’...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Boosts Treasury Stock with Latest Share Buyback
Positive
Jul 27, 2026
LSL Property Services plc has continued its previously announced share buyback programme, repurchasing 102,000 ordinary shares on the London Stock Exchange between 20 July and 24 July 2026 through its broker Shore Capital Stockbrokers Limited. The...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Advances Share Buyback, Adjusts Voting Capital
Positive
Jul 20, 2026
LSL Property Services plc has continued its share buyback programme, repurchasing 150,000 ordinary shares on the London Stock Exchange between 13 July and 17 July 2026 through its broker Shore Capital. The transactions, executed at volume-weighted...
Stock BuybackRegulatory Filings and Compliance
LSL Property Services Updates Share Buyback and Voting Rights Structure
Positive
Jul 13, 2026
LSL Property Services plc has continued its share buyback programme, repurchasing 184,000 ordinary shares on the London Stock Exchange between 6 July and 10 July 2026 through its broker Shore Capital Stockbrokers Limited. The trades included purch...
Business Operations and StrategyRegulatory Filings and Compliance
LSL directors receive shares under all-employee incentive scheme
Neutral
Jul 8, 2026
LSL Property Services has reported routine share purchases and allocations under its all-employee Share Incentive Plan, an HMRC-approved scheme that allows staff to buy partnership shares from salary deductions and receive additional matching shar...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Updates Share Buyback and Voting Rights Disclosure
Neutral
Jul 6, 2026
LSL Property Services plc has continued its share buyback programme with the repurchase of 30,000 ordinary shares on 3 July 2026 at a price of 211.85 pence per share, with the shares being placed into treasury rather than cancelled. Following this...
Stock BuybackRegulatory Filings and Compliance
LSL Property Services Adds to Treasury Stock in Ongoing Buyback
Neutral
Jul 2, 2026
LSL Property Services plc has continued its previously announced share buyback programme with the repurchase of 30,000 ordinary shares on the London Stock Exchange at a price of 212.5 pence per share. The transaction was executed through broker Sh...
Stock BuybackRegulatory Filings and Compliance
LSL Property Services Updates Share Buyback and Voting Rights Position
Neutral
Jun 30, 2026
LSL Property Services plc has repurchased 15,000 ordinary shares on the London Stock Exchange at a price of 214.5 pence per share through its broker Shore Capital Stockbrokers. These purchases are part of the share buyback programme launched in Ja...
Stock BuybackRegulatory Filings and Compliance
LSL Updates Share Count After Latest Buyback Transaction
Neutral
Jun 29, 2026
LSL Property Services plc is a U.K.-listed residential property services group active in estate agency, financial services and related housing-market activities. Through its various operations, the company plays a significant role in property tran...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Boosts Treasury Stock with Ongoing Share Buyback
Positive
Jun 25, 2026
LSL Property Services has repurchased 30,000 ordinary shares on the London Stock Exchange at a volume-weighted average price of 211.525 pence as part of its ongoing share buyback programme. This transaction, executed through Shore Capital, continu...
DividendsRegulatory Filings and Compliance
LSL CEO Increases Stake Through Dividend Reinvestment
Positive
Jun 23, 2026
LSL Property Services plc has disclosed that its Group Chief Executive Officer, Adam Castleton, acquired 4,472 ordinary shares at £2.21 per share on 16 June 2026 through a dividend reinvestment on shares held outside the company’s Share...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Adds to Treasury Stock in Ongoing Share Buyback
Neutral
Jun 23, 2026
LSL Property Services has repurchased 15,000 ordinary shares on the London Stock Exchange at a price of 211.2 pence per share as part of its ongoing share buyback programme. The transaction was executed through its broker, Shore Capital Stockbroke...
Business Operations and StrategyDividendsRegulatory Filings and Compliance
LSL executives boost holdings through dividend reinvestment plan
Neutral
Jun 22, 2026
LSL Property Services has reported routine share purchases by employees and senior managers under its all-employee Share Incentive Plan, which allows staff to buy ordinary shares via salary deductions and receive additional allocations. Following ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
LSL Property Services Expands Treasury Stock Through Share Buyback
Positive
Jun 22, 2026
LSL Property Services has repurchased 30,000 ordinary shares on the London Stock Exchange at a price of 216.25 pence per share, as part of its ongoing share buyback programme first announced in January 2026. The move supports capital management by...
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.