INNOVATIVE INDUSTRIAL PROPER (IIPR) Stock Fundamental Analysis
USA - NYSE:IIPR - US45781V1017 - REIT
53.58 USD
-1.41 (-2.56%)
52.93 USD
-0.65 (-1.21%)
Taking everything into account, IIPR scores 6 out of 10 in our fundamental rating. IIPR was compared to 129 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. With these ratings, IIPR could be worth investigating further 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
Looking at the Return On Assets, with a value of 5.72%, IIPR belongs to the top of the industry, outperforming 97.67% of the companies in the same industry.
IIPR has a Return On Equity of 7.01%. This is amongst the best in the industry. IIPR outperforms 80.62% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.49%, IIPR belongs to the top of the industry, outperforming 95.35% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for IIPR 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
With an excellent Profit Margin value of 45.82%, IIPR belongs to the best of the industry, outperforming 96.12% of the companies in the same industry.
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 93.80% of its industry peers.
IIPR's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 89.88%, IIPR belongs to the top of the industry, outperforming 93.02% of the companies in the same industry.
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
IIPR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for IIPR has been increased compared to 1 year ago.
IIPR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for IIPR has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.36 indicates that IIPR is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of IIPR (2.36) is better than 96.12% of its industry peers.
IIPR has a debt to FCF ratio of 1.71. This is a very positive value and a sign of high solvency as it would only need 1.71 years to pay back of all of its debts.
IIPR's Debt to FCF ratio of 1.71 is amongst the best of the industry. IIPR outperforms 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.
With an excellent Debt to Equity ratio value of 0.15, IIPR belongs to the best of the industry, outperforming 99.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.15 | ||
| Debt/FCF | 1.71 | ||
| Altman-Z | 2.36 |
ROIC/WACC0.68
WACC8.03%
2.3 Liquidity
IIPR has a Current 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.
IIPR has a Current ratio (1.00) which is comparable to the rest of the industry.
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.
IIPR's Quick ratio of 1.00 is in line compared to the rest of the industry. IIPR outperforms 51.94% of its industry peers.
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
IIPR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -14.82%.
IIPR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 22.61% yearly.
The Revenue has decreased by -7.80% in the past year.
IIPR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 47.16% yearly.
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
IIPR is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -14.96% yearly.
Based on estimates for the next years, IIPR will show a decrease in Revenue. The Revenue will decrease by -4.86% on average per year.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
IIPR is valuated reasonably with a Price/Earnings ratio of 11.23.
93.80% of the companies in the same industry are more expensive than IIPR, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of IIPR to the average of the S&P500 Index (27.76), we can say IIPR is valued rather cheaply.
The Price/Forward Earnings ratio is 13.64, which indicates a correct valuation of IIPR.
96.90% of the companies in the same industry are more expensive than IIPR, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.18, IIPR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.23 | ||
| Fwd PE | 13.64 |
4.2 Price Multiples
98.45% of the companies in the same industry are more expensive than IIPR, based on the Enterprise Value to EBITDA ratio.
91.47% of the companies in the same industry are more expensive than IIPR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.87 | ||
| EV/EBITDA | 7.7 |
4.3 Compensation for Growth
IIPR has an outstanding profitability rating, which may justify a higher PE ratio.
IIPR's earnings are expected to decrease with -14.96% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.5
EPS Next 2Y-14.96%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 13.98%, IIPR is a good candidate for dividend investing.
IIPR's Dividend Yield is rather good when compared to the industry average which is at 6.41. IIPR pays more dividend than 97.67% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, IIPR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.98% |
5.2 History
The dividend of IIPR is nicely growing with an annual growth rate of 28.79%!
IIPR has been paying a dividend for over 5 years, so it has already some track record.
As IIPR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
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
53.58
-1.41 (-2.56%)
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-2.52%
Ins Owners1.54%
Ins Owner Change1.47%
Market Cap1.50B
Analysts47.27
Price Target58.14 (8.51%)
Short Float %6.72%
Short Ratio5.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 13.98% |
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)-2.15%
PT rev (3m)-13.11%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-17.03%
EPS NY rev (1m)-4.15%
EPS NY rev (3m)-17.59%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.3%
Revenue NY rev (1m)-1.49%
Revenue NY rev (3m)-3.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.23 | ||
| Fwd PE | 13.64 | ||
| P/S | 5.22 | ||
| P/FCF | 8.87 | ||
| P/OCF | 6.66 | ||
| P/B | 0.8 | ||
| P/tB | 0.8 | ||
| EV/EBITDA | 7.7 |
EPS(TTM)4.77
EY8.9%
EPS(NY)3.93
Fwd EY7.33%
FCF(TTM)6.04
FCFY11.27%
OCF(TTM)8.04
OCFY15.01%
SpS10.27
BVpS67.11
TBVpS66.84
PEG (NY)N/A
PEG (5Y)0.5
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%
ROICexcg growth 3Y4.5%
ROICexcg 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 | 2.36 |
F-Score4
WACC8.03%
ROIC/WACC0.68
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%