INDUSTRIAL LOGISTICS PROPERT (ILPT) Stock Fundamental Analysis
USA - NASDAQ:ILPT - US4562371066 - REIT
6.39 USD
+0.11 (+1.75%)
6.39 USD
0 (0%)
Overall ILPT gets a fundamental rating of 3 out of 10. We evaluated ILPT against 129 industry peers in the Diversified REITs industry. ILPT has an average financial health and profitability rating. ILPT does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
ILPT had positive earnings in the past year.
ILPT had a positive operating cash flow in the past year.
In multiple years ILPT reported negative net income over the last 5 years.
Each year in the past 5 years ILPT had a positive operating cash flow.
1.2 Ratios
ILPT's Return On Assets of -1.75% is on the low side compared to the rest of the industry. ILPT is outperformed by 70.54% of its industry peers.
ILPT's Return On Equity of -17.71% is on the low side compared to the rest of the industry. ILPT is outperformed by 82.17% of its industry peers.
The Return On Invested Capital of ILPT (2.19%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for ILPT is in line with the industry average of 3.04%.
The 3 year average ROIC (1.99%) for ILPT is below the current ROIC(2.19%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.75% | ||
| ROE | -17.71% | ||
| ROIC | 2.19% |
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 (32.31%) is better than 65.12% of its industry peers.
In the last couple of years the Operating Margin of ILPT has declined.
Looking at the Gross Margin, with a value of 86.16%, ILPT belongs to the top of the industry, outperforming 87.60% of the companies in the same industry.
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 | 32.31% | ||
| PM (TTM) | N/A | ||
| GM | 86.16% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ILPT 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.
Compared to 1 year ago, ILPT has a worse debt to assets ratio.
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 71.32% of its industry peers.
The Debt to FCF ratio of ILPT is 3459.90, which is on the high side as it means it would take ILPT, 3459.90 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 3459.90, ILPT perfoms like the industry average, outperforming 52.71% of the companies in the same industry.
A Debt/Equity ratio of 8.09 is on the high side and indicates that ILPT has dependencies on debt financing.
With a Debt to Equity ratio value of 8.09, ILPT is not doing good in the industry: 90.70% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.09 | ||
| Debt/FCF | 3459.9 | ||
| Altman-Z | 0.12 |
ROIC/WACC0.41
WACC5.37%
2.3 Liquidity
A Current Ratio of 2.46 indicates that ILPT has no problem at all paying its short term obligations.
ILPT has a better Current ratio (2.46) than 87.60% of its industry peers.
ILPT has a Quick Ratio of 2.46. This indicates that ILPT is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of ILPT (2.46) is better than 87.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.46 | ||
| Quick Ratio | 2.46 |
3. Growth
3.1 Past
The earnings per share for ILPT have decreased strongly by -75.00% in the last year.
ILPT shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.13% yearly.
Looking at the last year, ILPT shows a small growth in Revenue. The Revenue has grown by 0.37% 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)-75%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%-328.57%
Revenue 1Y (TTM)0.37%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%1.34%
3.2 Future
The Earnings Per Share is expected to decrease by -30.29% on average over the next years. This is quite bad
Based on estimates for the next years, ILPT will show a small growth in Revenue. The Revenue will grow by 2.89% on average per year.
EPS Next Y-325.17%
EPS Next 2Y-95.66%
EPS Next 3Y-30.29%
EPS Next 5YN/A
Revenue Next Year2.29%
Revenue Next 2Y2.04%
Revenue Next 3Y2.79%
Revenue Next 5Y2.89%
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
The Price/Earnings ratio is 49.15, which means the current valuation is very expensive for ILPT.
ILPT's Price/Earnings ratio is in line with the industry average.
ILPT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.30.
The Forward Price/Earnings Ratio is negative for ILPT. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.15 | ||
| Fwd PE | N/A |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ILPT.
ILPT's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 349.19 | ||
| EV/EBITDA | 14.91 |
4.3 Compensation for Growth
A cheap valuation may be justified as ILPT's earnings are expected to decrease with -30.29% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-95.66%
EPS Next 3Y-30.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.18%, ILPT has a reasonable but not impressive dividend return.
ILPT's Dividend Yield is slightly below the industry average, which is at 6.63.
Compared to an average S&P500 Dividend Yield of 2.41, ILPT pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.18% |
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.
The dividend of ILPT decreased recently.
Dividend Growth(5Y)-50.3%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
ILPT has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The Dividend Rate of ILPT has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-2.88%
EPS Next 2Y-95.66%
EPS Next 3Y-30.29%
6.39
+0.11 (+1.75%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners47.85%
Inst Owner Change1.34%
Ins Owners10.59%
Ins Owner Change23.13%
Market Cap423.91M
Analysts80
Price Target6.99 (9.39%)
Short Float %2.52%
Short Ratio2.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.18% |
Yearly Dividend0.04
Dividend Growth(5Y)-50.3%
DP-2.88%
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)10.48%
PT rev (3m)37%
EPS NQ rev (1m)-13.04%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-31.46%
EPS NY rev (3m)4.88%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.51%
Revenue NY rev (3m)0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.15 | ||
| Fwd PE | N/A | ||
| P/S | 0.96 | ||
| P/FCF | 349.19 | ||
| P/OCF | 32.85 | ||
| P/B | 0.82 | ||
| P/tB | 1.25 | ||
| EV/EBITDA | 14.91 |
EPS(TTM)0.13
EY2.03%
EPS(NY)-0.97
Fwd EYN/A
FCF(TTM)0.02
FCFY0.29%
OCF(TTM)0.19
OCFY3.04%
SpS6.68
BVpS7.83
TBVpS5.1
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.75% | ||
| ROE | -17.71% | ||
| ROCE | 2.78% | ||
| ROIC | 2.19% | ||
| ROICexc | 2.22% | ||
| ROICexgc | 2.32% | ||
| OM | 32.31% | ||
| PM (TTM) | N/A | ||
| GM | 86.16% | ||
| FCFM | 0.27% |
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-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.09 | ||
| Debt/FCF | 3459.9 | ||
| Debt/EBITDA | 13.74 | ||
| Cap/Depr | 7.2% | ||
| Cap/Sales | 2.64% | ||
| Interest Coverage | 0.61 | ||
| Cash Conversion | 4.22% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.46 | ||
| Quick Ratio | 2.46 | ||
| Altman-Z | 0.12 |
F-Score5
WACC5.37%
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)-75%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%-328.57%
EPS Next Y-325.17%
EPS Next 2Y-95.66%
EPS Next 3Y-30.29%
EPS Next 5YN/A
Revenue 1Y (TTM)0.37%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%1.34%
Revenue Next Year2.29%
Revenue Next 2Y2.04%
Revenue Next 3Y2.79%
Revenue Next 5Y2.89%
EBIT growth 1Y5.03%
EBIT growth 3Y10.2%
EBIT growth 5Y6.33%
EBIT Next Year136.07%
EBIT Next 3Y38.03%
EBIT Next 5Y22.78%
FCF growth 1Y118.12%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-0.74%
OCF growth 3Y-73.92%
OCF growth 5Y-55.8%