INDUSTRIAL LOGISTICS PROPERT (ILPT) Stock Fundamental Analysis
NASDAQ:ILPT - Nasdaq - US4562371066 - REIT - Currency: USD
Taking everything into account, ILPT scores 3 out of 10 in our fundamental rating. ILPT was compared to 129 industry peers in the Diversified REITs industry. While ILPT is still in line with the averages on profitability rating, there are concerns on its financial health. ILPT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ILPT was profitable.
ILPT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ILPT reported negative net income in multiple years.
ILPT 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 -1.75%, ILPT is doing worse than 71.32% of the companies in the same industry.
The Return On Equity of ILPT (-17.39%) is worse than 86.05% of its industry peers.
ILPT has a worse Return On Invested Capital (2.12%) than 63.57% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ILPT is in line with the industry average of 3.15%.
The last Return On Invested Capital (2.12%) for ILPT is above the 3 year average (1.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.75% | ||
| ROE | -17.39% | ||
| ROIC | 2.12% |
ROA(3y)-2.57%
ROA(5y)0.56%
ROE(3y)-20.61%
ROE(5y)-8.43%
ROIC(3y)1.99%
ROIC(5y)3.18%
1.3 Margins
The Operating Margin of ILPT (32.07%) is better than 68.99% of its industry peers.
In the last couple of years the Operating Margin of ILPT has declined.
ILPT's Gross Margin of 86.23% is amongst the best of the industry. ILPT outperforms 87.60% of its industry peers.
In the last couple of years the Gross Margin of ILPT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.07% | ||
| PM (TTM) | N/A | ||
| GM | 86.23% |
OM growth 3Y-12.7%
OM growth 5Y-6.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.16%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
ILPT 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 ILPT has been increased compared to 1 year ago.
ILPT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for ILPT is higher compared to a year ago.
2.2 Solvency
ILPT has an Altman-Z score of 0.12. This is a bad value and indicates that ILPT is not financially healthy and even has some risk of bankruptcy.
ILPT's Altman-Z score of 0.12 is on the low side compared to the rest of the industry. ILPT is outperformed by 72.09% of its industry peers.
A Debt/Equity ratio of 7.96 is on the high side and indicates that ILPT has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 7.96, ILPT is doing worse than 91.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.96 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.12 |
ROIC/WACC0.41
WACC5.14%
2.3 Liquidity
A Current Ratio of 3.13 indicates that ILPT has no problem at all paying its short term obligations.
ILPT has a Current ratio of 3.13. This is amongst the best in the industry. ILPT outperforms 89.92% of its industry peers.
A Quick Ratio of 3.13 indicates that ILPT has no problem at all paying its short term obligations.
The Quick ratio of ILPT (3.13) is better than 89.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.13 | ||
| Quick Ratio | 3.13 |
3. Growth
3.1 Past
ILPT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 3050.00%, which is quite impressive.
Measured over the past years, ILPT shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.13% on average per year.
Looking at the last year, ILPT shows a small growth in Revenue. The Revenue has grown by 0.63% in the last year.
ILPT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.05% yearly.
EPS 1Y (TTM)3050%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%42.86%
Revenue 1Y (TTM)0.63%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%-0.29%
3.2 Future
Based on estimates for the next years, ILPT will show a very negative growth in Earnings Per Share. The EPS will decrease by -104.79% on average per year.
Based on estimates for the next years, ILPT will show a small growth in Revenue. The Revenue will grow by 1.86% on average per year.
EPS Next Y-336.72%
EPS Next 2Y-104.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.94%
Revenue Next 2Y1.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.03 indicates a reasonable valuation of ILPT.
Based on the Price/Earnings ratio, ILPT is valued cheaply inside the industry as 96.12% of the companies are valued more expensively.
ILPT is valuated cheaply when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
The Forward Price/Earnings Ratio is negative for ILPT. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.03 | ||
| Fwd PE | N/A |
4.2 Price Multiples
ILPT's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.68 |
4.3 Compensation for Growth
A cheap valuation may be justified as ILPT's earnings are expected to decrease with -104.79% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-104.79%
EPS Next 3YN/A
5. Dividend
5.1 Amount
ILPT has a Yearly Dividend Yield of 1.12%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.77, ILPT's dividend is way lower than its industry peers. On top of this 93.02% of the companies listed in the same industry pay a better dividend than ILPT!
Compared to an average S&P500 Dividend Yield of 2.40, ILPT's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.12% |
5.2 History
The dividend of ILPT decreases each year by -50.30%.
ILPT has been paying a dividend for over 5 years, so it has already some track record.
ILPT has decreased its dividend recently.
Dividend Growth(5Y)-50.3%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
The earnings of ILPT are negative and hence is the payout ratio. ILPT will probably not be able to sustain this dividend level.
ILPT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-2.82%
EPS Next 2Y-104.79%
EPS Next 3YN/A
4.74
+0.22 (+4.87%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners49.81%
Inst Owner Change-7.03%
Ins Owners10.62%
Ins Owner Change30.13%
Market Cap313.50M
Analysts80
Price Target5.1 (7.59%)
Short Float %2.56%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.12% |
Yearly Dividend0.04
Dividend Growth(5Y)-50.3%
DP-2.82%
Div Incr Years0
Div Non Decr Years1
Ex-Date
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)-50%
PT rev (3m)-50%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.03 | ||
| Fwd PE | N/A | ||
| P/S | 0.71 | ||
| P/FCF | N/A | ||
| P/OCF | 58.65 | ||
| P/B | 0.58 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 14.68 |
EPS(TTM)0.59
EY12.45%
EPS(NY)-1.16
Fwd EYN/A
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0.08
OCFY1.7%
SpS6.68
BVpS8.16
TBVpS5.28
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.75% | ||
| ROE | -17.39% | ||
| ROCE | 2.68% | ||
| ROIC | 2.12% | ||
| ROICexc | 2.16% | ||
| ROICexgc | 2.27% | ||
| OM | 32.07% | ||
| PM (TTM) | N/A | ||
| GM | 86.23% | ||
| FCFM | N/A |
ROA(3y)-2.57%
ROA(5y)0.56%
ROE(3y)-20.61%
ROE(5y)-8.43%
ROIC(3y)1.99%
ROIC(5y)3.18%
ROICexc(3y)2.03%
ROICexc(5y)3.23%
ROICexgc(3y)2.15%
ROICexgc(5y)3.41%
ROCE(3y)2.52%
ROCE(5y)4.03%
ROICexcg growth 3Y-24.2%
ROICexcg growth 5Y-9.45%
ROICexc growth 3Y-24.42%
ROICexc growth 5Y-9.25%
OM growth 3Y-12.7%
OM growth 5Y-6.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.16%
GM growth 5Y-0.21%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.96 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 14.01 | ||
| Cap/Depr | 6.02% | ||
| Cap/Sales | 2.24% | ||
| Interest Coverage | 0.6 | ||
| Cash Conversion | 1.74% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.13 | ||
| Quick Ratio | 3.13 | ||
| Altman-Z | 0.12 |
F-Score6
WACC5.14%
ROIC/WACC0.41
Cap/Depr(3y)8.64%
Cap/Depr(5y)8.91%
Cap/Sales(3y)3.43%
Cap/Sales(5y)2.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)3050%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%42.86%
EPS Next Y-336.72%
EPS Next 2Y-104.79%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.63%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%-0.29%
Revenue Next Year1.94%
Revenue Next 2Y1.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y6.64%
EBIT growth 3Y10.2%
EBIT growth 5Y6.33%
EBIT Next Year127.94%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-165.34%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-80.84%
OCF growth 3Y-73.92%
OCF growth 5Y-55.8%