Duke Realty Corporation (DRE) Fundamental Analysis & Valuation

NYSE:DRE • US2644115055

48.2 USD
+0.23 (+0.48%)
At close: Sep 30, 2022
48.4 USD
+0.2 (+0.41%)
After Hours: 9/30/2022, 8:15:53 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This DRE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

Overall DRE gets a fundamental rating of 2 out of 10. We evaluated DRE against 123 industry peers in the Diversified REITs industry. DRE may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, DRE is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

0

1. DRE Profitability Analysis

1.1 Basic Checks

  • In the past year DRE was profitable.
DRE Yearly Net Income VS EBIT VS OCF VS FCFDRE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 0 500M -500M 1B 1.5B

1.2 Ratios

Industry RankSector Rank
ROA 8.66%
ROE 15.06%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
DRE Yearly ROA, ROE, ROICDRE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 10 20 30

1.3 Margins

Industry RankSector Rank
OM 33.14%
PM (TTM) 85.63%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
DRE Yearly Profit, Operating, Gross MarginsDRE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 50 100 150 200

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1

2. DRE Health Analysis

2.1 Basic Checks

  • DRE does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, DRE has more shares outstanding
  • Compared to 1 year ago, DRE has an improved debt to assets ratio.
DRE Yearly Shares OutstandingDRE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 100M 200M 300M
DRE Yearly Total Debt VS Total AssetsDRE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2B 4B 6B 8B 10B

2.2 Solvency

  • DRE has a Debt/Equity ratio of 0.62. This is a neutral value indicating DRE is somewhat dependend on debt financing.
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC7.49%
DRE Yearly LT Debt VS Equity VS FCFDRE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 0 2B 4B 6B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. DRE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 88.64% over the past year.
  • The Earnings Per Share has been growing by 25.59% on average over the past years. This is a very strong growth
  • The Revenue has been growing slightly by 1.75% in the past year.
  • DRE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.65% yearly.
EPS 1Y (TTM)88.64%
EPS 3Y28.11%
EPS 5Y25.59%
EPS Q2Q%-42.55%
Revenue 1Y (TTM)1.75%
Revenue growth 3Y5.27%
Revenue growth 5Y8.65%
Sales Q2Q%5%

3.2 Future

  • DRE is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.25% yearly.
  • DRE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.69% yearly.
EPS Next Y-41.87%
EPS Next 2Y-35.04%
EPS Next 3Y-22.42%
EPS Next 5Y-17.25%
Revenue Next Year8.89%
Revenue Next 2Y9.95%
Revenue Next 3Y10.57%
Revenue Next 5Y10.69%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
DRE Yearly Revenue VS EstimatesDRE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B
DRE Yearly EPS VS EstimatesDRE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

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1

4. DRE Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.36, which indicates a rather expensive current valuation of DRE.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, DRE is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 50.77, DRE can be considered very expensive at the moment.
  • When comparing the Price/Forward Earnings ratio of DRE to the average of the S&P500 Index (23.82), we can say DRE is valued expensively.
Industry RankSector Rank
PE 19.36
Fwd PE 50.77
DRE Price Earnings VS Forward Price EarningsDRE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA 33.3
DRE Per share dataDRE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • A cheap valuation may be justified as DRE's earnings are expected to decrease with -22.42% in the coming years.
PEG (NY)N/A
PEG (5Y)0.76
EPS Next 2Y-35.04%
EPS Next 3Y-22.42%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. DRE Dividend Analysis

5.1 Amount

  • DRE has a Yearly Dividend Yield of 2.32%. Purely for dividend investing, there may be better candidates out there.
  • DRE's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.32%

5.2 History

  • On average, the dividend of DRE grows each year by 8.64%, which is quite nice.
  • DRE has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)8.64%
Div Incr YearsN/A
Div Non Decr YearsN/A
DRE Yearly Dividends per shareDRE Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 44.07% of the earnings are spent on dividend by DRE. This is a bit on the high side, but may be sustainable.
DP44.07%
EPS Next 2Y-35.04%
EPS Next 3Y-22.42%
DRE Yearly Income VS Free CF VS DividendDRE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 0 500M -500M 1B 1.5B
DRE Dividend Payout.DRE Dividend Payout, showing the Payout Ratio.DRE Dividend Payout.PayoutRetained Earnings

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DRE Fundamentals: All Metrics, Ratios and Statistics

Duke Realty Corporation

NYSE:DRE (9/30/2022, 8:15:53 PM)

After market: 48.4 +0.2 (+0.41%)

48.2

+0.23 (+0.48%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)07-27
Earnings (Next)10-26
Inst Owners0%
Inst Owner Change0%
Ins Owners0.27%
Ins Owner Change0%
Market Cap18.56B
Revenue(TTM)1.11B
Net Income(TTM)949.11M
Analysts73.75
Price Target65.19 (35.25%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.32%
Yearly Dividend1.05
Dividend Growth(5Y)8.64%
DP44.07%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
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)N/A
PT rev (3m)N/A
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 RankSector Rank
PE 19.36
Fwd PE 50.77
P/S 16.74
P/FCF N/A
P/OCF N/A
P/B 2.95
P/tB N/A
EV/EBITDA 33.3
EPS(TTM)2.49
EY5.17%
EPS(NY)0.95
Fwd EY1.97%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS2.88
BVpS16.37
TBVpSN/A
PEG (NY)N/A
PEG (5Y)0.76
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 8.66%
ROE 15.06%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM 33.14%
PM (TTM) 85.63%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y0%
ROICexgc growth 5Y0%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.62
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC7.49%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)88.64%
EPS 3Y28.11%
EPS 5Y25.59%
EPS Q2Q%-42.55%
EPS Next Y-41.87%
EPS Next 2Y-35.04%
EPS Next 3Y-22.42%
EPS Next 5Y-17.25%
Revenue 1Y (TTM)1.75%
Revenue growth 3Y5.27%
Revenue growth 5Y8.65%
Sales Q2Q%5%
Revenue Next Year8.89%
Revenue Next 2Y9.95%
Revenue Next 3Y10.57%
Revenue Next 5Y10.69%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

Duke Realty Corporation / DRE FAQ

Can you provide the ChartMill fundamental rating for Duke Realty Corporation?

ChartMill assigns a fundamental rating of 5 / 10 to DRE.


What is the valuation status for DRE stock?

ChartMill assigns a valuation rating of 3 / 10 to Duke Realty Corporation (DRE). This can be considered as Overvalued.


What is the profitability of DRE stock?

Duke Realty Corporation (DRE) has a profitability rating of 7 / 10.


What is the financial health of Duke Realty Corporation (DRE) stock?

The financial health rating of Duke Realty Corporation (DRE) is 3 / 10.


Can you provide the expected EPS growth for DRE stock?

The Earnings per Share (EPS) of Duke Realty Corporation (DRE) is expected to decline by -41.87% in the next year.