INVENTRUST PROPERTIES CORP (IVT) Stock Fundamental Analysis
NYSE:IVT - US46124J2015 - REIT
29.77 USD
-0.02 (-0.07%)
29.77 USD
0 (0%)
Overall IVT gets a fundamental rating of 5 out of 10. We evaluated IVT against 129 industry peers in the Diversified REITs industry. IVT has only an average score on both its financial health and profitability. While showing a medium growth rate, IVT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year IVT was profitable.
IVT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: IVT reported negative net income in multiple years.
IVT 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 4.13%, IVT belongs to the top of the industry, outperforming 87.60% of the companies in the same industry.
With a decent Return On Equity value of 6.15%, IVT is doing good in the industry, outperforming 72.87% of the companies in the same industry.
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 75.97% 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 3.04%.
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
With an excellent Profit Margin value of 39.01%, IVT belongs to the best of the industry, outperforming 90.70% of the companies in the same industry.
In the last couple of years the Profit Margin of IVT has declined.
With a Operating Margin value of 17.97%, IVT perfoms like the industry average, outperforming 43.41% of the companies in the same industry.
IVT's Operating Margin has improved in the last couple of years.
IVT has a Gross Margin of 70.96%. This is in the better half of the industry: IVT outperforms 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IVT is destroying value.
Compared to 1 year ago, IVT has more shares outstanding
IVT has more shares outstanding than it did 5 years ago.
The debt/assets ratio for IVT has been reduced compared to a year ago.
2.2 Solvency
IVT has an Altman-Z score of -0.18. This is a bad value and indicates that IVT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of IVT (-0.18) is worse than 78.29% of its industry peers.
IVT has a Debt/Equity ratio of 0.41. This is a healthy value indicating a solid balance between debt and equity.
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 | -0.18 |
ROIC/WACC0.2
WACC7.55%
2.3 Liquidity
IVT has a Current Ratio of 5.26. This indicates that IVT is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 5.26, IVT belongs to the best of the industry, outperforming 97.67% of the companies in the same industry.
IVT has a Quick Ratio of 5.26. This indicates that IVT is financially healthy and has no problem in meeting its short term obligations.
IVT's Quick ratio of 5.26 is amongst the best of the industry. IVT outperforms 97.67% of its industry peers.
| 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.
Measured over the past years, IVT shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.04% on average per year.
IVT shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.14%.
Measured over the past years, IVT shows a small growth in Revenue. The Revenue has been growing by 3.88% on average per year.
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
The Earnings Per Share is expected to grow by 21.54% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 8.20% on average over the next years. This is quite good.
EPS Next Y62.72%
EPS Next 2Y31.89%
EPS Next 3Y21.54%
EPS Next 5YN/A
Revenue Next Year9.44%
Revenue Next 2Y8.72%
Revenue Next 3Y8.19%
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
The Price/Earnings ratio is 110.26, which means the current valuation is very expensive for IVT.
IVT's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of IVT to the average of the S&P500 Index (27.13), we can say IVT is valued expensively.
A Price/Forward Earnings ratio of 95.08 indicates a quite expensive valuation of IVT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IVT is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.76. IVT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 110.26 | ||
| Fwd PE | 95.08 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IVT indicates a slightly more expensive valuation: IVT is more expensive than 65.12% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.26 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of IVT may justify a higher PE ratio.
IVT's earnings are expected to grow with 21.54% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.76
PEG (5Y)N/A
EPS Next 2Y31.89%
EPS Next 3Y21.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.19%, IVT has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.14, IVT is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.32, IVT pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.19% |
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.
IVT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP61.41%
EPS Next 2Y31.89%
EPS Next 3Y21.54%
29.77
-0.02 (-0.07%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners74.25%
Inst Owner Change1.58%
Ins Owners0.58%
Ins Owner Change15.82%
Market Cap2.31B
Analysts82
Price Target32.64 (9.64%)
Short Float %1.55%
Short Ratio2.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.19% |
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)0.63%
PT rev (3m)-1.23%
EPS NQ rev (1m)-3.45%
EPS NQ rev (3m)-4.54%
EPS NY rev (1m)-4.13%
EPS NY rev (3m)-8.66%
Revenue NQ rev (1m)-0.82%
Revenue NQ rev (3m)-2.08%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-0.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 110.26 | ||
| Fwd PE | 95.08 | ||
| P/S | 8.05 | ||
| P/FCF | N/A | ||
| P/OCF | 16.01 | ||
| P/B | 1.27 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 16.26 |
EPS(TTM)0.27
EY0.91%
EPS(NY)0.31
Fwd EY1.05%
FCF(TTM)-2.58
FCFYN/A
OCF(TTM)1.86
OCFY6.24%
SpS3.7
BVpS23.48
TBVpS21.68
PEG (NY)1.76
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 | -0.18 |
F-Score7
WACC7.55%
ROIC/WACC0.2
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 Y62.72%
EPS Next 2Y31.89%
EPS Next 3Y21.54%
EPS Next 5YN/A
Revenue 1Y (TTM)9.14%
Revenue growth 3Y8.92%
Revenue growth 5Y3.88%
Sales Q2Q%9.09%
Revenue Next Year9.44%
Revenue Next 2Y8.72%
Revenue Next 3Y8.19%
Revenue Next 5Y8.2%
EBIT growth 1Y36.98%
EBIT growth 3Y156.04%
EBIT growth 5Y11.23%
EBIT Next Year315.84%
EBIT Next 3Y70.27%
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%