INVENTRUST PROPERTIES CORP (IVT) Stock Fundamental Analysis
USA - NYSE:IVT - US46124J2015 - REIT
27.27 USD
+0.03 (+0.11%)
27.27 USD
0 (0%)
IVT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. IVT has only an average score on both its financial health and profitability. IVT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year IVT was profitable.
IVT had a positive operating cash flow in the past year.
In multiple years IVT reported negative net income over the last 5 years.
IVT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IVT's Return On Assets of 4.13% is amongst the best of the industry. IVT outperforms 87.60% of its industry peers.
IVT's Return On Equity of 6.15% is fine compared to the rest of the industry. IVT outperforms 72.87% of its industry peers.
IVT's Return On Invested Capital of 1.54% is on the low side compared to the rest of the industry. IVT is outperformed by 75.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for IVT is in line with the industry average of 3.01%.
The last Return On Invested Capital (1.54%) for IVT is above the 3 year average (1.26%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.13% | ||
| ROE | 6.15% | ||
| ROIC | 1.54% |
ROA(3y)0.95%
ROA(5y)0.43%
ROE(3y)1.46%
ROE(5y)0.69%
ROIC(3y)1.26%
ROIC(5y)0.89%
1.3 Margins
IVT has a Profit Margin of 39.01%. This is amongst the best in the industry. IVT outperforms 90.70% of its industry peers.
IVT's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 17.97%, IVT is in line with its industry, outperforming 43.41% of the companies in the same industry.
In the last couple of years the Operating Margin of IVT has grown nicely.
IVT has a better Gross Margin (70.96%) than 63.57% of its industry peers.
IVT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.97% | ||
| PM (TTM) | 39.01% | ||
| GM | 70.96% |
OM growth 3Y135.07%
OM growth 5Y7.08%
PM growth 3YN/A
PM growth 5Y-21.71%
GM growth 3Y0.52%
GM growth 5Y0.02%
2. Health
2.1 Basic Checks
IVT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, IVT has more shares outstanding
Compared to 5 years ago, IVT has more shares outstanding
IVT has a better debt/assets ratio than last year.
2.2 Solvency
IVT has an Altman-Z score of -0.31. This is a bad value and indicates that IVT is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.31, IVT is doing worse than 79.84% of the companies in the same industry.
A Debt/Equity ratio of 0.41 indicates that IVT is not too dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.41, IVT belongs to the best of the industry, outperforming 93.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.31 |
ROIC/WACC0.21
WACC7.33%
2.3 Liquidity
A Current Ratio of 5.26 indicates that IVT has no problem at all paying its short term obligations.
IVT has a better Current ratio (5.26) than 96.90% of its industry peers.
A Quick Ratio of 5.26 indicates that IVT has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 5.26, IVT belongs to the best of the industry, outperforming 96.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.26 | ||
| Quick Ratio | 5.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 200.00% over the past year.
IVT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.04% yearly.
The Revenue has grown by 9.14% in the past year. This is quite good.
The Revenue has been growing slightly by 3.88% on average over the past years.
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5Y-18.04%
EPS Q2Q%200%
Revenue 1Y (TTM)9.14%
Revenue growth 3Y8.92%
Revenue growth 5Y3.88%
Sales Q2Q%9.09%
3.2 Future
Based on estimates for the next years, IVT will show a very strong growth in Earnings Per Share. The EPS will grow by 24.83% on average per year.
IVT is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.20% yearly.
EPS Next Y85.17%
EPS Next 2Y32.59%
EPS Next 3Y24.83%
EPS Next 5YN/A
Revenue Next Year9.22%
Revenue Next 2Y8.73%
Revenue Next 3Y8.14%
Revenue Next 5Y8.2%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 101.00, IVT can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of IVT is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.34, IVT is valued quite expensively.
A Price/Forward Earnings ratio of 86.17 indicates a quite expensive valuation of IVT.
The rest of the industry has a similar Price/Forward Earnings ratio as IVT.
IVT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 101 | ||
| Fwd PE | 86.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IVT is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.12 |
4.3 Compensation for Growth
IVT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
IVT has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as IVT's earnings are expected to grow with 24.83% in the coming years.
PEG (NY)1.19
PEG (5Y)N/A
EPS Next 2Y32.59%
EPS Next 3Y24.83%
5. Dividend
5.1 Amount
IVT has a Yearly Dividend Yield of 3.45%.
Compared to an average industry Dividend Yield of 7.01, IVT is paying slightly less dividend.
IVT's Dividend Yield is a higher than the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
5.2 History
The dividend of IVT has a limited annual growth rate of 3.29%.
IVT has paid a dividend for at least 10 years, which is a reliable track record.
IVT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.29%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
IVT pays out 61.41% of its income as dividend. This is not a sustainable payout ratio.
The dividend of IVT is growing, but earnings are growing more, so the dividend growth is sustainable.
DP61.41%
EPS Next 2Y32.59%
EPS Next 3Y24.83%
27.27
+0.03 (+0.11%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners75.07%
Inst Owner Change-0.03%
Ins Owners0.58%
Ins Owner Change5.4%
Market Cap2.12B
Analysts82
Price Target33.25 (21.93%)
Short Float %1.22%
Short Ratio2.3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.45% |
Yearly Dividend0.86
Dividend Growth(5Y)3.29%
DP61.41%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.3%
Min EPS beat(2)-11.99%
Max EPS beat(2)11.39%
EPS beat(4)2
Avg EPS beat(4)-3.4%
Min EPS beat(4)-199.01%
Max EPS beat(4)186.03%
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)0
Avg Revenue beat(2)-0.43%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)-0.3%
Revenue beat(4)2
Avg Revenue beat(4)0.24%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)1.19%
Revenue beat(8)4
Avg Revenue beat(8)0.12%
Revenue beat(12)8
Avg Revenue beat(12)3.62%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)1.88%
PT rev (3m)3.16%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.45%
EPS NY rev (1m)13.79%
EPS NY rev (3m)9.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.35%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 101 | ||
| Fwd PE | 86.17 | ||
| P/S | 7.37 | ||
| P/FCF | N/A | ||
| P/OCF | 14.67 | ||
| P/B | 1.16 | ||
| P/tB | 1.26 | ||
| EV/EBITDA | 15.12 |
EPS(TTM)0.27
EY0.99%
EPS(NY)0.32
Fwd EY1.16%
FCF(TTM)-2.58
FCFYN/A
OCF(TTM)1.86
OCFY6.82%
SpS3.7
BVpS23.48
TBVpS21.68
PEG (NY)1.19
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.13% | ||
| ROE | 6.15% | ||
| ROCE | 1.95% | ||
| ROIC | 1.54% | ||
| ROICexc | 1.73% | ||
| ROICexgc | 1.88% | ||
| OM | 17.97% | ||
| PM (TTM) | 39.01% | ||
| GM | 70.96% | ||
| FCFM | N/A |
ROA(3y)0.95%
ROA(5y)0.43%
ROE(3y)1.46%
ROE(5y)0.69%
ROIC(3y)1.26%
ROIC(5y)0.89%
ROICexc(3y)1.31%
ROICexc(5y)0.94%
ROICexgc(3y)1.4%
ROICexgc(5y)1%
ROCE(3y)1.59%
ROCE(5y)1.13%
ROICexcg growth 3Y144.77%
ROICexcg growth 5Y8.78%
ROICexc growth 3Y142.83%
ROICexc growth 5Y8.68%
OM growth 3Y135.07%
OM growth 5Y7.08%
PM growth 3YN/A
PM growth 5Y-21.71%
GM growth 3Y0.52%
GM growth 5Y0.02%
F-Score7
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.39 | ||
| Cap/Depr | 290.98% | ||
| Cap/Sales | 119.95% | ||
| Interest Coverage | 1.59 | ||
| Cash Conversion | 84.91% | ||
| Profit Quality | N/A | ||
| Current Ratio | 5.26 | ||
| Quick Ratio | 5.26 | ||
| Altman-Z | -0.31 |
F-Score7
WACC7.33%
ROIC/WACC0.21
Cap/Depr(3y)235.64%
Cap/Depr(5y)170.24%
Cap/Sales(3y)97.88%
Cap/Sales(5y)70.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5Y-18.04%
EPS Q2Q%200%
EPS Next Y85.17%
EPS Next 2Y32.59%
EPS Next 3Y24.83%
EPS Next 5YN/A
Revenue 1Y (TTM)9.14%
Revenue growth 3Y8.92%
Revenue growth 5Y3.88%
Sales Q2Q%9.09%
Revenue Next Year9.22%
Revenue Next 2Y8.73%
Revenue Next 3Y8.14%
Revenue Next 5Y8.2%
EBIT growth 1Y36.98%
EBIT growth 3Y156.04%
EBIT growth 5Y11.23%
EBIT Next Year314.09%
EBIT Next 3Y67.79%
EBIT Next 5Y51.83%
FCF growth 1Y-50.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y14.69%
OCF growth 3Y15%
OCF growth 5Y5.25%