ALEXANDER'S INC (ALX) Stock Fundamental Analysis
NYSE:ALX - New York Stock Exchange, Inc. - US0147521092 - REIT - Currency: USD
Taking everything into account, ALX scores 4 out of 10 in our fundamental rating. ALX was compared to 129 industry peers in the Diversified REITs industry. Both the profitability and the financial health of ALX get a neutral evaluation. Nothing too spectacular is happening here. ALX has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year ALX was profitable.
In the past year ALX had a positive cash flow from operations.
ALX had positive earnings in each of the past 5 years.
Each year in the past 5 years ALX had a positive operating cash flow.
1.2 Ratios
ALX's Return On Assets of 2.97% is fine compared to the rest of the industry. ALX outperforms 76.74% of its industry peers.
ALX has a better Return On Equity (24.31%) than 96.90% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.65%, ALX belongs to the top of the industry, outperforming 87.60% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ALX is in line with the industry average of 3.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 24.31% | ||
| ROIC | 4.65% |
ROA(3y)4.89%
ROA(5y)5.44%
ROE(3y)30.67%
ROE(5y)33.05%
ROIC(3y)4.93%
ROIC(5y)4.69%
1.3 Margins
With a decent Profit Margin value of 18.03%, ALX is doing good in the industry, outperforming 72.87% of the companies in the same industry.
ALX's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 34.48%, ALX is doing good in the industry, outperforming 72.09% of the companies in the same industry.
In the last couple of years the Operating Margin of ALX has declined.
With a Gross Margin value of 51.80%, ALX is not doing good in the industry: 76.74% of the companies in the same industry are doing better.
ALX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.48% | ||
| PM (TTM) | 18.03% | ||
| GM | 51.8% |
OM growth 3Y-0.75%
OM growth 5Y-3.83%
PM growth 3Y-33.23%
PM growth 5Y-6.28%
GM growth 3Y-1.15%
GM growth 5Y-1.87%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ALX is destroying value.
ALX has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, ALX has about the same amount of shares outstanding.
The debt/assets ratio for ALX has been reduced compared to a year ago.
2.2 Solvency
ALX has an Altman-Z score of 1.41. This is a bad value and indicates that ALX is not financially healthy and even has some risk of bankruptcy.
ALX has a Altman-Z score of 1.41. This is amongst the best in the industry. ALX outperforms 89.15% of its industry peers.
ALX has a debt to FCF ratio of 35.71. This is a negative value and a sign of low solvency as ALX would need 35.71 years to pay back of all of its debts.
ALX's Debt to FCF ratio of 35.71 is fine compared to the rest of the industry. ALX outperforms 69.77% of its industry peers.
A Debt/Equity ratio of 6.06 is on the high side and indicates that ALX has dependencies on debt financing.
ALX's Debt to Equity ratio of 6.06 is on the low side compared to the rest of the industry. ALX is outperformed by 85.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.06 | ||
| Debt/FCF | 35.71 | ||
| Altman-Z | 1.41 |
ROIC/WACC0.64
WACC7.24%
2.3 Liquidity
ALX has a Current Ratio of 9.65. This indicates that ALX is financially healthy and has no problem in meeting its short term obligations.
ALX has a better Current ratio (9.65) than 100.00% of its industry peers.
ALX has a Quick Ratio of 9.65. This indicates that ALX is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of ALX (9.65) is better than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.65 | ||
| Quick Ratio | 9.65 |
3. Growth
3.1 Past
The earnings per share for ALX have decreased strongly by -16.79% in the last year.
Measured over the past years, ALX shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.40% on average per year.
ALX shows a decrease in Revenue. In the last year, the revenue decreased by -5.80%.
The Revenue has been decreasing by 0.00% on average over the past years.
EPS 1Y (TTM)-16.79%
EPS 3Y-31.25%
EPS 5Y-6.4%
EPS Q2Q%-18.47%
Revenue 1Y (TTM)-5.8%
Revenue growth 3Y3.18%
Revenue growth 5Y0%
Sales Q2Q%-10.55%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.44 indicates a correct valuation of ALX.
Based on the Price/Earnings ratio, ALX is valued cheaply inside the industry as 89.15% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.17, ALX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.44 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ALX is valued a bit more expensive than the industry average as 63.57% of the companies are valued more cheaply.
ALX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ALX is cheaper than 64.34% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.7 | ||
| EV/EBITDA | 15.85 |
4.3 Compensation for Growth
ALX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
ALX has a Yearly Dividend Yield of 8.25%, which is a nice return.
Compared to an average industry Dividend Yield of 6.93, ALX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, ALX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.25% |
5.2 History
The dividend of ALX has a limited annual growth rate of 0.03%.
ALX has paid a dividend for at least 10 years, which is a reliable track record.
ALX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.03%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
ALX pays out 233.03% of its income as dividend. This is not a sustainable payout ratio.
ALX's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP233.03%
EPS Next 2YN/A
EPS Next 3YN/A
220.36
+2.01 (+0.92%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners32.51%
Inst Owner Change19.48%
Ins Owners16.14%
Ins Owner Change0%
Market Cap1.13B
Analysts42.5
Price Target168.3 (-23.62%)
Short Float %4.4%
Short Ratio5.9
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.25% |
Yearly Dividend18.09
Dividend Growth(5Y)0.03%
DP233.03%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)10%
PT rev (3m)10%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.44 | ||
| Fwd PE | N/A | ||
| P/S | 5.12 | ||
| P/FCF | 40.7 | ||
| P/OCF | 21.25 | ||
| P/B | 6.9 | ||
| P/tB | 6.9 | ||
| EV/EBITDA | 15.85 |
EPS(TTM)14.27
EY6.48%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)5.41
FCFY2.46%
OCF(TTM)10.37
OCFY4.71%
SpS43.03
BVpS31.92
TBVpS31.92
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.97% | ||
| ROE | 24.31% | ||
| ROCE | 5.89% | ||
| ROIC | 4.65% | ||
| ROICexc | 6.19% | ||
| ROICexgc | 6.44% | ||
| OM | 34.48% | ||
| PM (TTM) | 18.03% | ||
| GM | 51.8% | ||
| FCFM | 12.58% |
ROA(3y)4.89%
ROA(5y)5.44%
ROE(3y)30.67%
ROE(5y)33.05%
ROIC(3y)4.93%
ROIC(5y)4.69%
ROICexc(3y)6.92%
ROICexc(5y)6.73%
ROICexgc(3y)7.12%
ROICexgc(5y)6.96%
ROCE(3y)6.24%
ROCE(5y)5.93%
ROICexcg growth 3Y-0.87%
ROICexcg growth 5Y-3.96%
ROICexc growth 3Y0.22%
ROICexc growth 5Y-4.09%
OM growth 3Y-0.75%
OM growth 5Y-3.83%
PM growth 3Y-33.23%
PM growth 5Y-6.28%
GM growth 3Y-1.15%
GM growth 5Y-1.87%
F-Score4
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.06 | ||
| Debt/FCF | 35.71 | ||
| Debt/EBITDA | 8.73 | ||
| Cap/Depr | 67.79% | ||
| Cap/Sales | 11.52% | ||
| Interest Coverage | 1.4 | ||
| Cash Conversion | 46.83% | ||
| Profit Quality | 69.79% | ||
| Current Ratio | 9.65 | ||
| Quick Ratio | 9.65 | ||
| Altman-Z | 1.41 |
F-Score4
WACC7.24%
ROIC/WACC0.64
Cap/Depr(3y)37.15%
Cap/Depr(5y)52.08%
Cap/Sales(3y)5.94%
Cap/Sales(5y)8.72%
Profit Quality(3y)111.31%
Profit Quality(5y)103.45%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.79%
EPS 3Y-31.25%
EPS 5Y-6.4%
EPS Q2Q%-18.47%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.8%
Revenue growth 3Y3.18%
Revenue growth 5Y0%
Sales Q2Q%-10.55%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-16.28%
EBIT growth 3Y2.41%
EBIT growth 5Y-3.83%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-63.45%
FCF growth 3Y-29.75%
FCF growth 5Y-21.71%
OCF growth 1Y-41.76%
OCF growth 3Y-23%
OCF growth 5Y-15.57%