INDUSTRIAL LOGISTICS PROPERT (ILPT) Stock Fundamental Analysis
NASDAQ:ILPT - Nasdaq - US4562371066 - REIT - Currency: USD
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 a medium profitability rating, but doesn't score so well on its financial health evaluation. ILPT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ILPT was profitable.
In the past year ILPT had a positive cash flow from operations.
In multiple years ILPT reported negative net income over the last 5 years.
In the past 5 years ILPT always reported a positive cash flow from operatings.
1.2 Ratios
ILPT has a Return On Assets of -1.75%. This is in the lower half of the industry: ILPT underperforms 71.32% of its industry peers.
Looking at the Return On Equity, with a value of -17.39%, ILPT is doing worse than 86.05% of the companies in the same industry.
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 3.16%.
The 3 year average ROIC (1.99%) for ILPT is below the current ROIC(2.12%), indicating increased profibility in the last year.
| 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
ILPT's Operating Margin of 32.07% is fine compared to the rest of the industry. ILPT outperforms 68.99% of its industry peers.
ILPT's Operating Margin has declined in the last couple of years.
ILPT has a better Gross Margin (86.23%) than 87.60% of its industry peers.
ILPT's Gross Margin has been stable in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ILPT is destroying value.
The number of shares outstanding for ILPT has been increased compared to 1 year ago.
Compared to 5 years ago, ILPT has more shares outstanding
The debt/assets ratio for ILPT is higher compared to a year ago.
2.2 Solvency
ILPT has an Altman-Z score of 0.13. This is a bad value and indicates that ILPT is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.13, ILPT is not doing good in the industry: 71.32% of the companies in the same industry are doing better.
A Debt/Equity ratio of 7.96 is on the high side and indicates that ILPT has dependencies on debt financing.
ILPT has a worse Debt to Equity ratio (7.96) than 91.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.96 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.13 |
ROIC/WACC0.4
WACC5.26%
2.3 Liquidity
ILPT has a Current Ratio of 3.13. This indicates that ILPT is financially healthy and has no problem in meeting its short term obligations.
ILPT has a better Current ratio (3.13) than 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.
ILPT has a better Quick ratio (3.13) than 89.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.13 | ||
| Quick Ratio | 3.13 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 3050.00% over the past year.
The Earnings Per Share has been decreasing by -8.13% on average over the past years.
The Revenue has been growing slightly by 0.63% in the past year.
Measured over the past years, ILPT shows a quite strong growth in Revenue. The Revenue has been growing by 14.05% on average per year.
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
ILPT is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -30.29% yearly.
ILPT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.89% yearly.
EPS Next Y-271.28%
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%
EPS Next 5YN/A
Revenue Next Year1.83%
Revenue Next 2Y1.78%
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
With a Price/Earnings ratio of 9.36, the valuation of ILPT can be described as very reasonable.
Based on the Price/Earnings ratio, ILPT is valued cheaply inside the industry as 95.35% of the companies are valued more expensively.
ILPT's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.35.
ILPT is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.36 | ||
| Fwd PE | N/A |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ILPT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.85 |
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-78.16%
EPS Next 3Y-30.29%
5. Dividend
5.1 Amount
ILPT has a Yearly Dividend Yield of 3.64%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.64, ILPT is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.36, ILPT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
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
The earnings of ILPT are negative and hence is the payout ratio. ILPT will probably not be able to sustain this dividend level.
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-2.82%
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%
5.52
+0.06 (+1.1%)
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-0.05%
Ins Owners10.62%
Ins Owner Change23.13%
Market Cap365.09M
Analysts80
Price Target6.07 (9.96%)
Short Float %2.03%
Short Ratio2.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.64% |
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)19%
PT rev (3m)-40.5%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)27.64%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.36 | ||
| Fwd PE | N/A | ||
| P/S | 0.83 | ||
| P/FCF | N/A | ||
| P/OCF | 68.31 | ||
| P/B | 0.68 | ||
| P/tB | 1.04 | ||
| EV/EBITDA | 14.85 |
EPS(TTM)0.59
EY10.69%
EPS(NY)-0.62
Fwd EYN/A
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0.08
OCFY1.46%
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 | 0.13 |
F-Score6
WACC5.26%
ROIC/WACC0.4
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-271.28%
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%
EPS Next 5YN/A
Revenue 1Y (TTM)0.63%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%-0.29%
Revenue Next Year1.83%
Revenue Next 2Y1.78%
Revenue Next 3Y2.79%
Revenue Next 5Y2.89%
EBIT growth 1Y6.64%
EBIT growth 3Y10.2%
EBIT growth 5Y6.33%
EBIT Next Year127.94%
EBIT Next 3Y38.03%
EBIT Next 5Y22.78%
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%