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EASTGROUP PROPERTIES INC (EGP) Stock Fundamental Analysis

NYSE:EGP - New York Stock Exchange, Inc. - US2772761019 - REIT - Currency: USD

153.195  -6.71 (-4.19%)

Fundamental Rating

5

Taking everything into account, EGP scores 5 out of 10 in our fundamental rating. EGP was compared to 130 industry peers in the Diversified REITs industry. EGP has an excellent profitability rating, but there are concerns on its financial health. EGP is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

In the past year EGP was profitable.
EGP had a positive operating cash flow in the past year.
EGP had positive earnings in each of the past 5 years.
In the past 5 years EGP always reported a positive cash flow from operatings.
EGP Yearly Net Income VS EBIT VS OCF VS FCFEGP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

1.2 Ratios

EGP has a Return On Assets of 4.49%. This is amongst the best in the industry. EGP outperforms 91.54% of its industry peers.
The Return On Equity of EGP (6.92%) is better than 81.54% of its industry peers.
EGP has a Return On Invested Capital of 4.29%. This is amongst the best in the industry. EGP outperforms 82.31% of its industry peers.
EGP had an Average Return On Invested Capital over the past 3 years of 4.07%. This is in line with the industry average of 3.19%.
The last Return On Invested Capital (4.29%) for EGP is above the 3 year average (4.07%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.49%
ROE 6.92%
ROIC 4.29%
ROA(3y)4.51%
ROA(5y)4.48%
ROE(3y)8.05%
ROE(5y)8.54%
ROIC(3y)4.07%
ROIC(5y)3.99%
EGP Yearly ROA, ROE, ROICEGP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10

1.3 Margins

Looking at the Profit Margin, with a value of 35.57%, EGP belongs to the top of the industry, outperforming 87.69% of the companies in the same industry.
EGP's Profit Margin has been stable in the last couple of years.
With an excellent Operating Margin value of 39.86%, EGP belongs to the best of the industry, outperforming 86.92% of the companies in the same industry.
EGP's Operating Margin has improved in the last couple of years.
EGP has a Gross Margin of 72.79%. This is in the better half of the industry: EGP outperforms 68.46% of its industry peers.
In the last couple of years the Gross Margin of EGP has remained more or less at the same level.
Industry RankSector Rank
OM 39.86%
PM (TTM) 35.57%
GM 72.79%
OM growth 3Y2.65%
OM growth 5Y2.53%
PM growth 3Y-2.58%
PM growth 5Y-0.63%
GM growth 3Y0.41%
GM growth 5Y0.26%
EGP Yearly Profit, Operating, Gross MarginsEGP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EGP is destroying value.
The number of shares outstanding for EGP has been increased compared to 1 year ago.
The number of shares outstanding for EGP has been increased compared to 5 years ago.
EGP has a better debt/assets ratio than last year.
EGP Yearly Shares OutstandingEGP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
EGP Yearly Total Debt VS Total AssetsEGP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

2.2 Solvency

An Altman-Z score of 2.93 indicates that EGP is not a great score, but indicates only limited risk for bankruptcy at the moment.
EGP has a Altman-Z score of 2.93. This is amongst the best in the industry. EGP outperforms 96.92% of its industry peers.
EGP has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
EGP has a Debt to Equity ratio of 0.46. This is amongst the best in the industry. EGP outperforms 91.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF N/A
Altman-Z 2.93
ROIC/WACC0.55
WACC7.84%
EGP Yearly LT Debt VS Equity VS FCFEGP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

EGP has a Current Ratio of 0.34. This is a bad value and indicates that EGP is not financially healthy enough and could expect problems in meeting its short term obligations.
EGP's Current ratio of 0.34 is on the low side compared to the rest of the industry. EGP is outperformed by 84.62% of its industry peers.
A Quick Ratio of 0.34 indicates that EGP may have some problems paying its short term obligations.
EGP's Quick ratio of 0.34 is on the low side compared to the rest of the industry. EGP is outperformed by 83.85% of its industry peers.
Industry RankSector Rank
Current Ratio 0.34
Quick Ratio 0.34
EGP Yearly Current Assets VS Current LiabilitesEGP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

6

3. Growth

3.1 Past

EGP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.44%.
EGP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.49% yearly.
The Revenue has grown by 12.21% in the past year. This is quite good.
EGP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.08% yearly.
EPS 1Y (TTM)5.44%
EPS 3Y6.13%
EPS 5Y7.49%
EPS Q2Q%-14.07%
Revenue 1Y (TTM)12.21%
Revenue growth 3Y16.07%
Revenue growth 5Y14.08%
Sales Q2Q%9.99%

3.2 Future

EGP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.36% yearly.
EGP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.76% yearly.
EPS Next Y4.99%
EPS Next 2Y8.09%
EPS Next 3Y7.73%
EPS Next 5Y9.36%
Revenue Next Year10.37%
Revenue Next 2Y10.58%
Revenue Next 3Y9.6%
Revenue Next 5Y12.76%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
EGP Yearly Revenue VS EstimatesEGP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200M 400M 600M 800M 1B
EGP Yearly EPS VS EstimatesEGP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 32.95, which means the current valuation is very expensive for EGP.
Compared to the rest of the industry, the Price/Earnings ratio of EGP is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.29, EGP is valued at the same level.
EGP is valuated quite expensively with a Price/Forward Earnings ratio of 31.38.
73.08% of the companies in the same industry are more expensive than EGP, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.32, EGP is valued a bit more expensive.
Industry RankSector Rank
PE 32.95
Fwd PE 31.38
EGP Price Earnings VS Forward Price EarningsEGP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, EGP is valued more expensive than 87.69% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 22.15
EGP Per share dataEGP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
EGP has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)6.6
PEG (5Y)4.4
EPS Next 2Y8.09%
EPS Next 3Y7.73%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 3.50%, EGP has a reasonable but not impressive dividend return.
EGP's Dividend Yield is slightly below the industry average, which is at 16.87.
EGP's Dividend Yield is a higher than the S&P500 average which is at 2.51.
Industry RankSector Rank
Dividend Yield 3.5%

5.2 History

The dividend of EGP is nicely growing with an annual growth rate of 11.97%!
EGP has been paying a dividend for at least 10 years, so it has a reliable track record.
EGP has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)11.97%
Div Incr Years12
Div Non Decr Years32
EGP Yearly Dividends per shareEGP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

EGP pays out 111.00% of its income as dividend. This is not a sustainable payout ratio.
EGP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP111%
EPS Next 2Y8.09%
EPS Next 3Y7.73%
EGP Yearly Income VS Free CF VS DividendEGP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M -300M
EGP Dividend Payout.EGP Dividend Payout, showing the Payout Ratio.EGP Dividend Payout.PayoutRetained Earnings

EASTGROUP PROPERTIES INC

NYSE:EGP (4/21/2025, 1:05:52 PM)

153.195

-6.71 (-4.19%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)02-06 2025-02-06/amc
Earnings (Next)04-23 2025-04-23/amc
Inst Owners97.92%
Inst Owner Change0.19%
Ins Owners0.87%
Ins Owner Change2.15%
Market Cap8.01B
Analysts79.2
Price Target202.24 (32.01%)
Short Float %3.83%
Short Ratio4.46
Dividend
Industry RankSector Rank
Dividend Yield 3.5%
Yearly Dividend5.08
Dividend Growth(5Y)11.97%
DP111%
Div Incr Years12
Div Non Decr Years32
Ex-Date03-31 2025-03-31 (1.4)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.48%
Min EPS beat(2)-1.17%
Max EPS beat(2)0.2%
EPS beat(4)3
Avg EPS beat(4)4.41%
Min EPS beat(4)-1.17%
Max EPS beat(4)15.51%
EPS beat(8)7
Avg EPS beat(8)8.81%
EPS beat(12)10
Avg EPS beat(12)9.52%
EPS beat(16)14
Avg EPS beat(16)16.14%
Revenue beat(2)0
Avg Revenue beat(2)-1.19%
Min Revenue beat(2)-2.34%
Max Revenue beat(2)-0.03%
Revenue beat(4)2
Avg Revenue beat(4)-0.36%
Min Revenue beat(4)-2.34%
Max Revenue beat(4)0.57%
Revenue beat(8)5
Avg Revenue beat(8)0.21%
Revenue beat(12)9
Avg Revenue beat(12)0.47%
Revenue beat(16)12
Avg Revenue beat(16)0.68%
PT rev (1m)0.38%
PT rev (3m)0.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.92%
EPS NY rev (1m)0.16%
EPS NY rev (3m)0.49%
Revenue NQ rev (1m)-0.21%
Revenue NQ rev (3m)-1.59%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.48%
Valuation
Industry RankSector Rank
PE 32.95
Fwd PE 31.38
P/S 12.51
P/FCF N/A
P/OCF 19.22
P/B 2.43
P/tB 2.55
EV/EBITDA 22.15
EPS(TTM)4.65
EY3.04%
EPS(NY)4.88
Fwd EY3.19%
FCF(TTM)-5.31
FCFYN/A
OCF(TTM)7.97
OCFY5.2%
SpS12.25
BVpS62.98
TBVpS60.11
PEG (NY)6.6
PEG (5Y)4.4
Profitability
Industry RankSector Rank
ROA 4.49%
ROE 6.92%
ROCE 5.43%
ROIC 4.29%
ROICexc 4.31%
ROICexgc 4.47%
OM 39.86%
PM (TTM) 35.57%
GM 72.79%
FCFM N/A
ROA(3y)4.51%
ROA(5y)4.48%
ROE(3y)8.05%
ROE(5y)8.54%
ROIC(3y)4.07%
ROIC(5y)3.99%
ROICexc(3y)4.09%
ROICexc(5y)4.01%
ROICexgc(3y)4.25%
ROICexgc(5y)4.15%
ROCE(3y)5.15%
ROCE(5y)5.06%
ROICexcg growth 3Y3.51%
ROICexcg growth 5Y2.84%
ROICexc growth 3Y3.33%
ROICexc growth 5Y2.72%
OM growth 3Y2.65%
OM growth 5Y2.53%
PM growth 3Y-2.58%
PM growth 5Y-0.63%
GM growth 3Y0.41%
GM growth 5Y0.26%
F-Score5
Asset Turnover0.13
Health
Industry RankSector Rank
Debt/Equity 0.46
Debt/FCF N/A
Debt/EBITDA 3.39
Cap/Depr 366.57%
Cap/Sales 108.45%
Interest Coverage 6.86
Cash Conversion 93.7%
Profit Quality N/A
Current Ratio 0.34
Quick Ratio 0.34
Altman-Z 2.93
F-Score5
WACC7.84%
ROIC/WACC0.55
Cap/Depr(3y)356.47%
Cap/Depr(5y)350.31%
Cap/Sales(3y)108.21%
Cap/Sales(5y)107.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.44%
EPS 3Y6.13%
EPS 5Y7.49%
EPS Q2Q%-14.07%
EPS Next Y4.99%
EPS Next 2Y8.09%
EPS Next 3Y7.73%
EPS Next 5Y9.36%
Revenue 1Y (TTM)12.21%
Revenue growth 3Y16.07%
Revenue growth 5Y14.08%
Sales Q2Q%9.99%
Revenue Next Year10.37%
Revenue Next 2Y10.58%
Revenue Next 3Y9.6%
Revenue Next 5Y12.76%
EBIT growth 1Y11.86%
EBIT growth 3Y19.14%
EBIT growth 5Y16.96%
EBIT Next Year74.4%
EBIT Next 3Y29.45%
EBIT Next 5Y24.92%
FCF growth 1Y-4.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y23.18%
OCF growth 3Y17.55%
OCF growth 5Y16.29%