Lighthouse Capital Ltd (LTE) fair value: what the stock is really worth
As of Oct 27, 2026: fair value (intrinsic value) of Lighthouse Capital Ltd stock ZAR 7.10, price ZAR 8.26, upside -14.0%, quality 48 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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Real Estate · ZA · Based in Malta · ISIN MU0461N00015
LCThin dataOct 28, 2026
Lighthouse Capital Ltd
LTE · JSE
Weak valuationQuality is weak on top of the rich price.
Our calculation puts a fair price 14% below what the stock costs today.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 28, 2026.
How to read this chart
60‑month range R4.12 – R8.33 · fair‑value band R2.55 – R12.78 · the R8.26 price screens above the R7.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 28, 2026.
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Lighthouse Properties p.l.c. engages in property investments and operations business in Spain, Portugal, and France. Its property portfolio includes retail assets.
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The company invests in dominant and defensive malls, enhances property value through redevelopment and refurbishment, attracts and retains top-tier tenants, and builds strong stakeholder engagement.
The company was formerly known as Lighthouse Capital Limited and changed its name to Lighthouse Properties p.l.c. in December 2021. Lighthouse Properties p.l.c. was incorporated in 2014 and is based in Sliema, Malta.
Stock analysis
Lighthouse Capital Ltd (LTE) currently trades at R8.26, while our model-based Fair Value estimate is R7.10, 14.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of R9.38 per share, and 7 of the 16 models we run sit above the R8.26 price.
Bear case: the Dividend Discount group reads lowest at R4.48, and 9 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: R2.55 (bear) to R12.78 (bull), the price of R8.26 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lighthouse Capital Ltd reported revenue of €152M in FY2025 versus €35.6M in FY2021, a compound +43.8%/yr. Reported net income was €106M in FY2025.
Key figures
Market cap 17.0B ZAR Small · P/E ratio 8.8 · P/S ratio 6.12 · EPS (TTM) R0.9400 · Dividend yield 0.5% · Net margin 69.7% · Return on equity 10.4% · Return on assets (EBIT) 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −12% fair-value upside, at −14%, LTE screens richer than that median.
Fair Value models
BearR2.55Fair Value R7.10BullR12.78
Price R8.26 · Upside -14.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (0.8990 ZAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+40.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.5%
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+100.5%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+12.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.7%
Dividend (yield on the price)0.5%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−71% → 58%
⚠ Revenue per share shrinking 17.0%/yr over ~9Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 528 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−14.0% · Below median
Profitability
Return on equity (12 months)10.4% · Top 25%
Return on assets6.4% · Top 25%
Net margin (12 months)62.6% · Top 25%
Operating margin (12 months)65.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)39.9% · Top 25%
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.72× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Lighthouse Capital Ltd Fair Value". https://www.fairvalue-calculator.com/stock/LTE
Frequently asked questions
Is Lighthouse Capital Ltd (LTE) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of R7.10 versus a price of R8.26, about −14% upside (overvalued).
What is the fair value of LTE?
Our model-based fair value for Lighthouse Capital Ltd is R7.10 (as of Oct 28, 2026), built from audited fundamentals. The current price: R8.26.
What is the quality score of LTE?
Lighthouse Capital Ltd has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lighthouse Capital Ltd (LTE)?
Our model-based price target is the fair value of R7.10 (as of Oct 28, 2026) from 16 valuation models. Cautious scenario R2.55, optimistic scenario R12.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Lighthouse Capital Ltd stock forecast for 2026?
Our models put fair value at R7.10, about −14% upside versus a price of R8.26 (overvalued). Cautious scenario R2.55, optimistic scenario R12.78. The calculation is refreshed regularly with new filings.
What is the revenue of Lighthouse Capital Ltd (LTE)?
Lighthouse Capital Ltd reported trailing-twelve-month revenue of about 165M ZAR (latest available figure, as of Oct 28, 2026).
Does Lighthouse Capital Ltd pay a dividend?
Lighthouse Capital Ltd currently shows a dividend yield of 0.50% relative to its recent price (as of Oct 28, 2026).
What growth is priced into Lighthouse Capital Ltd (LTE)?
For today's price to be fair in a discounted-cash-flow model, Lighthouse Capital Ltd would have to grow free cash flow by more than 80 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 6 years revenue grew +32.0 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of LTE use?
Our models discount Lighthouse Capital Ltd at 13.4 %: a base by market capitalisation (small), damped by beta 0.42, country premium for South Africa. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Lighthouse Capital Ltd that is more than 80 % per year a year over ten years, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has Lighthouse Capital Ltd (LTE) delivered so far?
Over the past 6 years revenue at Lighthouse Capital Ltd grew +32.0 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Lighthouse Capital Ltd (LTE) growing?
The median revenue growth in the sector is +2.4 % a year. That is the yardstick for the growth priced into Lighthouse Capital Ltd (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lighthouse Capital Ltd (LTE)?
The free-cash-flow yield on the price is 0.31 %: that much free cash flow Lighthouse Capital Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lighthouse Capital Ltd (LTE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lighthouse Capital Ltd it is R7.10 per share (as of Oct 28, 2026), against a price of R8.26. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Lighthouse Capital Ltd stock overvalued or undervalued in 2026?
As of Oct 28, 2026, LTE trades above its calculated fair value: price R8.26, fair value R7.10, a gap of about −14% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LTE?
No. The price is what the market pays today (R8.26); the fair value is what the company's own numbers justify (R7.10). For Lighthouse Capital Ltd the two are R1.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lighthouse Capital Ltd worth?
The market values Lighthouse Capital Ltd at about 17.0B ZAR (market capitalisation, as of Oct 28, 2026). Per share that is R8.26; our models calculate a fair value of R7.10 per share.
What do the bullish and bearish scenarios say about LTE?
Our models span a range for Lighthouse Capital Ltd: cautious scenario R2.55, base R7.10, optimistic R12.78 per share (as of Oct 28, 2026, price R8.26). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LTE?
Lighthouse Capital Ltd trades at a price-to-earnings ratio of 8.8 (as of Oct 28, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R7.10 is built from several models across several years. Other multiples: P/B 1.1, P/S 6.2, EV/EBITDA 12.6.
How solid is the balance sheet of Lighthouse Capital Ltd (LTE)?
Balance-sheet figures for Lighthouse Capital Ltd (as of Oct 28, 2026): return on equity 10.4%, debt of 0.72 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is LTE from its 52-week high?
Lighthouse Capital Ltd trades at R8.26, about 1% below its 52-week high of R8.33 and 17% above the low of R7.06 (as of Oct 27, 2026). Distance from the high says nothing about value: that is what the fair value of R7.10 is for.
Which stocks are comparable to Lighthouse Capital Ltd?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lighthouse Capital Ltd stock attractive at the current price?
The data as of Oct 28, 2026: price R8.26, calculated fair value R7.10 (−14%), Quality Score 48/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LTE calculated?
We run Lighthouse Capital Ltd through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R7.10, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Lighthouse Capital Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lighthouse Capital Ltd (LTE)?
The closing price on Oct 27, 2026 was R8.26. Our model-based fair value is R7.10, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lighthouse Capital Ltd right now?
The model range is unusually wide (R2.55 to R12.78). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Lighthouse Capital Ltd (LTE) come from?
Earnings per share at Lighthouse Capital Ltd grew −20.5 % a year from 2015 to 2025. Broken into its drivers: revenue per share +20.1 %, EBIT margin −34.4 %, tax rate +0.5 %, residual (interest, one-offs) +0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lighthouse Capital Ltd
How large is the market capitalisation of Lighthouse Capital Ltd (LTE)?
The market capitalisation of Lighthouse Capital Ltd is 17.0B ZAR. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lighthouse Capital Ltd (LTE)?
The price-to-sales ratio of Lighthouse Capital Ltd is 6.12 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lighthouse Capital Ltd (LTE)?
Earnings per share at Lighthouse Capital Ltd are R0.9400 (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lighthouse Capital Ltd (LTE)?
The dividend yield of Lighthouse Capital Ltd is 0.5% (payout 4.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lighthouse Capital Ltd (LTE)?
The net margin of Lighthouse Capital Ltd is 69.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lighthouse Capital Ltd (LTE)?
The return on equity (ROE) of Lighthouse Capital Ltd is 10.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lighthouse Capital Ltd (LTE)?
On an EBIT basis the return on assets of Lighthouse Capital Ltd is 10.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lighthouse Capital Ltd (LTE)?
The operating margin of Lighthouse Capital Ltd is 65.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lighthouse Capital Ltd (LTE)?
Revenue at Lighthouse Capital Ltd is growing +39.9% versus a year earlier (3y avg +25.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lighthouse Capital Ltd (LTE)?
Earnings per share at Lighthouse Capital Ltd are growing +39.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Lighthouse Capital Ltd (LTE) carry?
The net debt of Lighthouse Capital Ltd is 611M ZAR (fiscal year 2025, ≈ 11.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 28, 2026