CLIPPER REALTY INC (CLPR)
US18885T3068 - REIT
We assign a fundamental rating of 3 out of 10 to CLPR. CLPR was compared to 21 industry peers in the Residential REITs industry. Both the profitability and financial health of CLPR have multiple concerns. CLPR is valued expensive and it does not seem to be growing. Finally CLPR also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year CLPR has reported negative net income.
In the past year CLPR had a positive cash flow from operations.
CLPR had negative earnings in each of the past 5 years.
Each year in the past 5 years CLPR had a positive operating cash flow.
1.2 Ratios
CLPR's Return On Assets of -0.58% is on the low side compared to the rest of the industry. CLPR is outperformed by 66.67% of its industry peers.
With a Return On Equity value of -261.84%, CLPR is not doing good in the industry: 95.24% of the companies in the same industry are doing better.
CLPR's Return On Invested Capital of 2.17% is in line compared to the rest of the industry. CLPR outperforms 57.14% of its industry peers.
CLPR had an Average Return On Invested Capital over the past 3 years of 1.94%. This is in line with the industry average of 2.53%.
The last Return On Invested Capital (2.17%) for CLPR is above the 3 year average (1.94%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.58% | ||
| ROE | -261.84% | ||
| ROIC | 2.17% |
ROA(3y)-0.57%
ROA(5y)-0.46%
ROE(3y)-111.12%
ROE(5y)-70.11%
ROIC(3y)1.94%
ROIC(5y)2.05%
1.3 Margins
Looking at the Operating Margin, with a value of 24.26%, CLPR is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
CLPR's Operating Margin has declined in the last couple of years.
The Gross Margin of CLPR (54.72%) is worse than 76.19% of its industry peers.
In the last couple of years the Gross Margin of CLPR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.26% | ||
| PM (TTM) | N/A | ||
| GM | 54.72% |
OM growth 3Y-2.33%
OM growth 5Y-3.93%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.3%
GM growth 5Y-0.07%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CLPR is destroying value.
CLPR has less shares outstanding than it did 1 year ago.
CLPR has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CLPR has a worse debt to assets ratio.
2.2 Solvency
CLPR has an Altman-Z score of 0.13. This is a bad value and indicates that CLPR is not financially healthy and even has some risk of bankruptcy.
CLPR has a worse Altman-Z score (0.13) than 90.48% of its industry peers.
A Debt/Equity ratio of 439.37 is on the high side and indicates that CLPR has dependencies on debt financing.
CLPR has a worse Debt to Equity ratio (439.37) than 95.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 439.37 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.13 |
ROIC/WACC0.59
WACC3.71%
2.3 Liquidity
CLPR has a Current Ratio of 0.92. This is a bad value and indicates that CLPR is not financially healthy enough and could expect problems in meeting its short term obligations.
CLPR has a Current ratio (0.92) which is in line with its industry peers.
A Quick Ratio of 0.92 indicates that CLPR may have some problems paying its short term obligations.
CLPR has a better Quick ratio (0.92) than 61.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.92 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 42.86% over the past year.
CLPR shows a small growth in Revenue. In the last year, the Revenue has grown by 6.52%.
Measured over the past years, CLPR shows a small growth in Revenue. The Revenue has been growing by 4.67% on average per year.
EPS 1Y (TTM)42.86%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q250%
Revenue 1Y (TTM)6.52%
Revenue growth 3Y3.99%
Revenue growth 5Y4.67%
Revenue growth Q2Q5.63%
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 Y304%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.49%
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
CLPR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
CLPR is valuated reasonably with a Price/Forward Earnings ratio of 9.90.
Based on the Price/Forward Earnings ratio, CLPR is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.26, CLPR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.9 |
4.2 Price Multiples
CLPR's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. CLPR is more expensive than 61.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 19.74 |
4.3 Compensation for Growth
CLPR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
CLPR has a Yearly Dividend Yield of 8.62%, which is a nice return.
Compared to an average industry Dividend Yield of 4.44, CLPR pays a better dividend. On top of this CLPR pays more dividend than 100.00% of the companies listed in the same industry.
CLPR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.62% |
5.2 History
On average, the dividend of CLPR grows each year by 23.25%, which is quite nice.
CLPR has been paying a dividend for over 5 years, so it has already some track record.
As CLPR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)23.25%
Div Incr Years0
Div Non Decr Years6
5.3 Sustainability
The earnings of CLPR are negative and hence is the payout ratio. CLPR will probably not be able to sustain this dividend level.
CLPR's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-242.09%
EPS Next 2YN/A
EPS Next 3YN/A
CLIPPER REALTY INC
NYSE:CLPR (4/19/2024, 6:42:00 PM)
After market: 4.04 0 (0%)4.04
+0.35 (+9.49%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
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Ins Owner Change
Market Cap64.88M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.62% |
Dividend Growth(5Y)
DP
Div Incr Years
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Surprises & Revisions
EPS beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.9 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.58% | ||
| ROE | -261.84% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 24.26% | ||
| PM (TTM) | N/A | ||
| GM | 54.72% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 439.37 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.92 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)42.86%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y304%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.52%
Revenue growth 3Y3.99%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
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