INNOVATIVE INDUSTRIAL PROPER (IIPR) Stock Fundamental Analysis
USA - NYSE:IIPR - US45781V1017 - REIT
49.63 USD
-2.92 (-5.56%)
49.63 USD
0 (0%)
Taking everything into account, IIPR scores 6 out of 10 in our fundamental rating. IIPR was compared to 127 industry peers in the Diversified REITs industry. While IIPR has a great profitability rating, there are some minor concerns on its financial health. IIPR is valued quite cheap, but it does not seem to be growing. These ratings could make IIPR a good candidate for value investing.
1. Profitability
1.1 Basic Checks
IIPR had positive earnings in the past year.
IIPR had a positive operating cash flow in the past year.
IIPR had positive earnings in each of the past 5 years.
IIPR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IIPR has a Return On Assets of 5.72%. This is amongst the best in the industry. IIPR outperforms 97.64% of its industry peers.
IIPR's Return On Equity of 7.01% is fine compared to the rest of the industry. IIPR outperforms 79.53% of its industry peers.
The Return On Invested Capital of IIPR (5.49%) is better than 95.28% of its industry peers.
IIPR had an Average Return On Invested Capital over the past 3 years of 6.00%. This is above the industry average of 3.04%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.72% | ||
| ROE | 7.01% | ||
| ROIC | 5.49% |
ROA(3y)6.58%
ROA(5y)5.75%
ROE(3y)8.08%
ROE(5y)7.08%
ROIC(3y)6%
ROIC(5y)5.36%
1.3 Margins
IIPR has a better Profit Margin (45.82%) than 96.06% of its industry peers.
IIPR's Profit Margin has been stable in the last couple of years.
IIPR has a Operating Margin of 52.68%. This is amongst the best in the industry. IIPR outperforms 93.70% of its industry peers.
In the last couple of years the Operating Margin of IIPR has remained more or less at the same level.
The Gross Margin of IIPR (89.88%) is better than 92.91% of its industry peers.
In the last couple of years the Gross Margin of IIPR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.68% | ||
| PM (TTM) | 45.82% | ||
| GM | 89.88% |
OM growth 3Y-5.45%
OM growth 5Y0.08%
PM growth 3Y-2.31%
PM growth 5Y1.02%
GM growth 3Y-2.46%
GM growth 5Y-1.34%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IIPR is destroying value.
IIPR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for IIPR has been increased compared to 5 years ago.
Compared to 1 year ago, IIPR has an improved debt to assets ratio.
2.2 Solvency
IIPR has an Altman-Z score of 2.26. This is not the best score and indicates that IIPR is in the grey zone with still only limited risk for bankruptcy at the moment.
IIPR's Altman-Z score of 2.26 is amongst the best of the industry. IIPR outperforms 96.06% of its industry peers.
The Debt to FCF ratio of IIPR is 1.71, which is an excellent value as it means it would take IIPR, only 1.71 years of fcf income to pay off all of its debts.
IIPR has a better Debt to FCF ratio (1.71) than 100.00% of its industry peers.
IIPR has a Debt/Equity ratio of 0.15. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of IIPR (0.15) is better than 99.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.71 | ||
| Altman-Z | 2.26 |
ROIC/WACC0.7
WACC7.85%
2.3 Liquidity
A Current Ratio of 1.00 indicates that IIPR may have some problems paying its short term obligations.
IIPR's Current ratio of 1.00 is in line compared to the rest of the industry. IIPR outperforms 51.97% of its industry peers.
IIPR has a Quick Ratio of 1.00. This is a bad value and indicates that IIPR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of IIPR (1.00) is comparable to the rest of the industry.
The current and quick ratio evaluation for IIPR is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1 | ||
| Quick Ratio | 1 |
3. Growth
3.1 Past
The earnings per share for IIPR have decreased strongly by -14.82% in the last year.
IIPR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.61% yearly.
Looking at the last year, IIPR shows a decrease in Revenue. The Revenue has decreased by -7.80% in the last year.
Measured over the past years, IIPR shows a very strong growth in Revenue. The Revenue has been growing by 47.16% on average per year.
EPS 1Y (TTM)-14.82%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-35.82%
Revenue 1Y (TTM)-7.8%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-21.18%
3.2 Future
Based on estimates for the next years, IIPR will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.96% on average per year.
IIPR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.86% yearly.
EPS Next Y-30.5%
EPS Next 2Y-14.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-14.18%
Revenue Next 2Y-7.4%
Revenue Next 3Y-4.86%
Revenue Next 5YN/A
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 10.40, the valuation of IIPR can be described as very reasonable.
IIPR's Price/Earnings ratio is rather cheap when compared to the industry. IIPR is cheaper than 93.70% of the companies in the same industry.
IIPR is valuated cheaply when we compare the Price/Earnings ratio to 26.76, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 12.64 indicates a correct valuation of IIPR.
IIPR's Price/Forward Earnings ratio is rather cheap when compared to the industry. IIPR is cheaper than 97.64% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IIPR to the average of the S&P500 Index (22.63), we can say IIPR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.4 | ||
| Fwd PE | 12.64 |
4.2 Price Multiples
IIPR's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. IIPR is cheaper than 98.43% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, IIPR is valued cheaper than 92.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.22 | ||
| EV/EBITDA | 7.4 |
4.3 Compensation for Growth
The excellent profitability rating of IIPR may justify a higher PE ratio.
A cheap valuation may be justified as IIPR's earnings are expected to decrease with -14.96% in the coming years.
PEG (NY)N/A
PEG (5Y)0.46
EPS Next 2Y-14.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 14.41%, IIPR is a good candidate for dividend investing.
IIPR's Dividend Yield is rather good when compared to the industry average which is at 6.24. IIPR pays more dividend than 99.21% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, IIPR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.41% |
5.2 History
On average, the dividend of IIPR grows each year by 28.79%, which is quite nice.
IIPR has been paying a dividend for over 5 years, so it has already some track record.
IIPR has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)28.79%
Div Incr Years7
Div Non Decr Years7
5.3 Sustainability
IIPR pays out 166.38% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of IIPR has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP166.38%
EPS Next 2Y-14.96%
EPS Next 3YN/A
49.63
-2.92 (-5.56%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners71.39%
Inst Owner Change-0.1%
Ins Owners1.54%
Ins Owner Change1.47%
Market Cap1.39B
Revenue(TTM)287.88M
Net Income(TTM)131.91M
Analysts47.27
Price Target58.14 (17.15%)
Short Float %7.13%
Short Ratio7.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 14.41% |
Yearly Dividend7.56
Dividend Growth(5Y)28.79%
DP166.38%
Div Incr Years7
Div Non Decr Years7
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.31%
Min EPS beat(2)-22.17%
Max EPS beat(2)-2.46%
EPS beat(4)0
Avg EPS beat(4)-8.44%
Min EPS beat(4)-22.17%
Max EPS beat(4)-1.96%
EPS beat(8)3
Avg EPS beat(8)-4.82%
EPS beat(12)6
Avg EPS beat(12)-1.64%
EPS beat(16)8
Avg EPS beat(16)-1.95%
Revenue beat(2)0
Avg Revenue beat(2)-2.48%
Min Revenue beat(2)-3.46%
Max Revenue beat(2)-1.51%
Revenue beat(4)0
Avg Revenue beat(4)-2.4%
Min Revenue beat(4)-3.46%
Max Revenue beat(4)-1.51%
Revenue beat(8)2
Avg Revenue beat(8)-1.73%
Revenue beat(12)6
Avg Revenue beat(12)-0.51%
Revenue beat(16)9
Avg Revenue beat(16)-0.34%
PT rev (1m)0%
PT rev (3m)-15.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-18.31%
EPS NY rev (1m)0%
EPS NY rev (3m)-17.59%
Revenue NQ rev (1m)-0.37%
Revenue NQ rev (3m)-1.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.4 | ||
| Fwd PE | 12.64 | ||
| P/S | 4.83 | ||
| P/FCF | 8.22 | ||
| P/OCF | 6.17 | ||
| P/B | 0.74 | ||
| P/tB | 0.74 | ||
| EV/EBITDA | 7.4 |
EPS(TTM)4.77
EY9.61%
EPS(NY)3.93
Fwd EY7.91%
FCF(TTM)6.04
FCFY12.17%
OCF(TTM)8.04
OCFY16.21%
SpS10.27
BVpS67.11
TBVpS66.84
PEG (NY)N/A
PEG (5Y)0.46
Graham Number84.87
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.72% | ||
| ROE | 7.01% | ||
| ROCE | 6.95% | ||
| ROIC | 5.49% | ||
| ROICexc | 5.75% | ||
| ROICexgc | 5.84% | ||
| OM | 52.68% | ||
| PM (TTM) | 45.82% | ||
| GM | 89.88% | ||
| FCFM | 58.78% |
ROA(3y)6.58%
ROA(5y)5.75%
ROE(3y)8.08%
ROE(5y)7.08%
ROIC(3y)6%
ROIC(5y)5.36%
ROICexc(3y)6.35%
ROICexc(5y)5.68%
ROICexgc(3y)6.4%
ROICexgc(5y)5.72%
ROCE(3y)7.59%
ROCE(5y)6.79%
ROICexgc growth 3Y4.5%
ROICexgc growth 5Y15.06%
ROICexc growth 3Y4.1%
ROICexc growth 5Y14.68%
OM growth 3Y-5.45%
OM growth 5Y0.08%
PM growth 3Y-2.31%
PM growth 5Y1.02%
GM growth 3Y-2.46%
GM growth 5Y-1.34%
F-Score4
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.71 | ||
| Debt/EBITDA | 1.29 | ||
| Cap/Depr | 76.83% | ||
| Cap/Sales | 19.5% | ||
| Interest Coverage | 9.38 | ||
| Cash Conversion | 100.29% | ||
| Profit Quality | 128.29% | ||
| Current Ratio | 1 | ||
| Quick Ratio | 1 | ||
| Altman-Z | 2.26 |
F-Score4
WACC7.85%
ROIC/WACC0.7
Cap/Depr(3y)415.19%
Cap/Depr(5y)944.48%
Cap/Sales(3y)91.95%
Cap/Sales(5y)210.57%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-14.82%
EPS 3Y5.99%
EPS 5Y22.61%
EPS Q2Q%-35.82%
EPS Next Y-30.5%
EPS Next 2Y-14.96%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.8%
Revenue growth 3Y14.67%
Revenue growth 5Y47.16%
Sales Q2Q%-21.18%
Revenue Next Year-14.18%
Revenue Next 2Y-7.4%
Revenue Next 3Y-4.86%
Revenue Next 5YN/A
EBIT growth 1Y-13.81%
EBIT growth 3Y8.42%
EBIT growth 5Y47.29%
EBIT Next Year18.56%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1652.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.51%
OCF growth 3Y11.05%
OCF growth 5Y41.91%
INNOVATIVE INDUSTRIAL PROPER / IIPR FAQ
What is the ChartMill fundamental rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?
ChartMill assigns a fundamental rating of 6 / 10 to IIPR.
Can you provide the valuation status for INNOVATIVE INDUSTRIAL PROPER?
ChartMill assigns a valuation rating of 7 / 10 to INNOVATIVE INDUSTRIAL PROPER (IIPR). This can be considered as Undervalued.
What is the profitability of IIPR stock?
INNOVATIVE INDUSTRIAL PROPER (IIPR) has a profitability rating of 8 / 10.
How financially healthy is INNOVATIVE INDUSTRIAL PROPER?
The financial health rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) is 6 / 10.
How sustainable is the dividend of INNOVATIVE INDUSTRIAL PROPER (IIPR) stock?
The dividend rating of INNOVATIVE INDUSTRIAL PROPER (IIPR) is 6 / 10 and the dividend payout ratio is 166.38%.