LANDMARK WHITE LIMITED (LMW)



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General Information
Company Name: Landmark White Limited
Stock Code: LMW
Website: www.lmw.com.au
GICS Sub-Industry: Diversified Real Estate Activities
Market Cap ($M): 9
Equiv. Shares (M): 28

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.310 $ 0.000 $ 0.000 $ 0.000 $ 0.310 0 0%

Company Overview

Business Description:
Landmark White Group (LMW) is an independent valuation and property consultancy company in Australia. LMW operates through three business divisions: research, valuations, and property and business advice.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 0.5 1.9 -13.6 15.1 3.0 11.0 100.0
2011  A 0.6 2.2 -37.1 22.2 3.0 8.1 100.0
2010  A 1.0 3.5 -- 10.6 3.5 9.5 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
GPT Group (GPT) $7,340 M 0.6350 -0.2420 0.0344 12.4289 16.3967 15.8518 0.0465 0.0490 0.0508
Landmark White (LMW) $9 M -0.1390 -- -- 17.2222 -- -- 0.0968 -- --
Mirvac Group (MGR) $6,593 M -0.0702 0.0028 0.1051 16.7910 16.7442 15.1515 0.0467 0.0478 0.0519
Stockland (SGP) $8,767 M -0.0638 -0.2358 0.1071 13.5790 17.7679 16.0484 0.0603 0.0603 0.0603
Westfield (WDC) $27,054 M -0.0223 0.1047 0.0641 20.4613 18.5219 17.4054 0.0401 0.0414 0.0437

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
LMW 3.00 17.2 1.26 --
Market 1.10 12.9 0.91 2.56
Sector 1.47 16.1 1.04 2.30

Directors
Name Position Start Date
Mr Brad Piltz Chief Executive Officer 26 September 2002
Mr Stuart Carlton Gregory Non-Executive Chairman 09 October 2003
Mr Glen White Non-Executive Director 26 September 2002

Management
Name Position
Glen Coonan Chief Operating Officer
Frank Hardiman Chief Financial Officer,Company Secretary

Substantial Shareholders
Holding Name
9,771,718 (35.38%) White Valuations Pty Ltd
7,070,187 (25.63%) Piltz Holdings Pty Ltd

Calendar of Events
Date Event
17 February 2014 Report (Interim)
20 September 2013 Report (Annual)
21 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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