INDUSTRIAL LOGISTICS PROPERT (ILPT) Stock Fundamental Analysis
NASDAQ:ILPT - Nasdaq - US4562371066 - REIT - Currency: USD
ILPT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals 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
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.
ILPT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of ILPT (-1.75%) is worse than 71.32% of its industry peers.
ILPT has a worse Return On Equity (-17.39%) than 86.05% of its industry peers.
ILPT has a Return On Invested Capital of 2.12%. This is in the lower half of the industry: ILPT underperforms 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 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
ILPT has a Operating Margin of 32.07%. This is in the better half of the industry: ILPT outperforms 68.99% of its industry peers.
ILPT's Operating Margin has declined in the last couple of years.
The Gross Margin of ILPT (86.23%) is better than 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.
ILPT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for ILPT has been increased compared to 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 0.13. This is a bad value and indicates that ILPT is not financially healthy and even has some risk of bankruptcy.
ILPT has a Altman-Z score of 0.13. This is in the lower half of the industry: ILPT underperforms 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.
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
WACC5.25%
2.3 Liquidity
A Current Ratio of 3.13 indicates that ILPT has no problem at all paying its short term obligations.
The Current ratio of ILPT (3.13) is better than 89.92% of its industry peers.
ILPT has a Quick Ratio of 3.13. This indicates that ILPT is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.13, ILPT belongs to the best of the industry, outperforming 89.92% of the companies in the same industry.
| 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.
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.
The Revenue has been growing slightly by 0.63% in the past 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 -30.29% on average per year.
The Revenue is expected to grow by 2.89% on average over the next years.
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
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
With a Price/Earnings ratio of 9.25, the valuation of ILPT can be described as very reasonable.
ILPT's Price/Earnings ratio is rather cheap when compared to the industry. ILPT is cheaper than 95.35% of the companies in the same industry.
When comparing the Price/Earnings ratio of ILPT to the average of the S&P500 Index (27.69), we can say ILPT is valued rather cheaply.
The Forward Price/Earnings Ratio is negative for ILPT. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.25 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ILPT is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.83 |
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 6.66, ILPT is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.34, 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.
ILPT has decreased its dividend 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.
ILPT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-2.82%
EPS Next 2Y-78.16%
EPS Next 3Y-30.29%
5.46
+0.04 (+0.74%)
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 Cap361.12M
Analysts80
Price Target6.07 (11.17%)
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 | 9.25 | ||
| Fwd PE | N/A | ||
| P/S | 0.82 | ||
| P/FCF | N/A | ||
| P/OCF | 67.56 | ||
| P/B | 0.67 | ||
| P/tB | 1.03 | ||
| EV/EBITDA | 14.83 |
EPS(TTM)0.59
EY10.81%
EPS(NY)-0.62
Fwd EYN/A
FCF(TTM)-0.07
FCFYN/A
OCF(TTM)0.08
OCFY1.48%
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
WACC5.25%
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%