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 130 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.
ALX had a positive operating cash flow in the past year.
Each year in the past 5 years ALX has been profitable.
In the past 5 years ALX always reported a positive cash flow from operatings.
1.2 Ratios
ALX has a better Return On Assets (2.97%) than 76.74% of its industry peers.
ALX has a better Return On Equity (24.31%) than 96.90% of its industry peers.
ALX's Return On Invested Capital of 4.65% is amongst the best of the industry. ALX outperforms 87.60% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ALX is in line with the industry average of 3.16%.
| 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.
In the last couple of years the Profit Margin of ALX has declined.
Looking at the Operating Margin, with a value of 34.48%, ALX is in the better half of 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.
ALX has a worse Gross Margin (51.80%) than 76.74% of its industry peers.
In the last couple of years the Gross Margin of ALX has declined.
| 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.
The number of shares outstanding for ALX remains at a similar level compared to 1 year ago.
ALX has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for ALX has been reduced compared to a year ago.
2.2 Solvency
ALX has an Altman-Z score of 1.45. 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 1.45. 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.
With a decent Debt to FCF ratio value of 35.71, ALX is doing good in the industry, outperforming 69.77% of the companies in the same industry.
ALX has a Debt/Equity ratio of 6.06. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 6.06, ALX is doing worse than 85.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 6.06 | ||
| Debt/FCF | 35.71 | ||
| Altman-Z | 1.45 |
ROIC/WACC0.63
WACC7.36%
2.3 Liquidity
A Current Ratio of 9.65 indicates that ALX has no problem at all paying its short term obligations.
ALX's Current ratio of 9.65 is amongst the best of the industry. ALX outperforms 100.00% of its industry peers.
A Quick Ratio of 9.65 indicates that ALX has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 9.65, ALX belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| 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.
ALX shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.40% yearly.
The Revenue has decreased by -5.80% in the past year.
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
ALX is valuated correctly with a Price/Earnings ratio of 16.42.
Compared to the rest of the industry, the Price/Earnings ratio of ALX indicates a rather cheap valuation: ALX is cheaper than 89.15% of the companies listed in the same industry.
ALX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.42 | ||
| 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 67.44% of the companies are valued more cheaply.
64.34% of the companies in the same industry are more expensive than ALX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 43.27 | ||
| EV/EBITDA | 16.48 |
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 7.68%, which is a nice return.
Compared to an average industry Dividend Yield of 6.44, ALX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.35, ALX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.68% |
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
233.03% of the earnings are spent on dividend by ALX. This is not a sustainable payout ratio.
The Dividend Rate of ALX has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP233.03%
EPS Next 2YN/A
EPS Next 3YN/A
234.31
-0.06 (-0.03%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners32.78%
Inst Owner Change0%
Ins Owners16.14%
Ins Owner Change0%
Market Cap1.20B
Analysts42.5
Price Target168.3 (-28.17%)
Short Float %4.32%
Short Ratio2.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.68% |
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)0%
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 | 16.42 | ||
| Fwd PE | N/A | ||
| P/S | 5.45 | ||
| P/FCF | 43.27 | ||
| P/OCF | 22.59 | ||
| P/B | 7.34 | ||
| P/tB | 7.34 | ||
| EV/EBITDA | 16.48 |
EPS(TTM)14.27
EY6.09%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)5.41
FCFY2.31%
OCF(TTM)10.37
OCFY4.43%
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 | 1.45 |
F-Score4
WACC7.36%
ROIC/WACC0.63
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%