KIMCO REALTY CORP (KIM)

US49446R1095 - REIT

18.465  +0.27 (+1.46%)

Fundamental Rating

5

Taking everything into account, KIM scores 5 out of 10 in our fundamental rating. KIM was compared to 126 industry peers in the Diversified REITs industry. KIM has an excellent profitability rating, but there are some minor concerns on its financial health. KIM is not valued too expensively and it also shows a decent growth rate.



7

1. Profitability

1.1 Basic Checks

In the past year KIM was profitable.
KIM had a positive operating cash flow in the past year.
KIM had positive earnings in each of the past 5 years.
KIM had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

KIM's Return On Assets of 3.42% is amongst the best of the industry. KIM outperforms 80.49% of its industry peers.
KIM has a Return On Equity of 6.57%. This is in the better half of the industry: KIM outperforms 78.05% of its industry peers.
KIM has a Return On Invested Capital (2.57%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for KIM is in line with the industry average of 2.95%.
The 3 year average ROIC (2.37%) for KIM is below the current ROIC(2.57%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.42%
ROE 6.57%
ROIC 2.57%
ROA(3y)2.8%
ROA(5y)3.97%
ROE(3y)5.28%
ROE(5y)8.02%
ROIC(3y)2.37%
ROIC(5y)2.55%

1.3 Margins

KIM has a Profit Margin of 35.09%. This is amongst the best in the industry. KIM outperforms 86.18% of its industry peers.
In the last couple of years the Profit Margin of KIM has remained more or less at the same level.
KIM's Operating Margin of 32.67% is fine compared to the rest of the industry. KIM outperforms 70.73% of its industry peers.
KIM's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 68.78%, KIM perfoms like the industry average, outperforming 55.28% of the companies in the same industry.
KIM's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 32.67%
PM (TTM) 35.09%
GM 68.78%
OM growth 3Y1.27%
OM growth 5Y-2.5%
PM growth 3Y-27.4%
PM growth 5Y-0.98%
GM growth 3Y0.59%
GM growth 5Y-0.85%

5

2. Health

2.1 Basic Checks

KIM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for KIM has been increased compared to 1 year ago.
KIM has more shares outstanding than it did 5 years ago.
KIM has a worse debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of 1.08, we must say that KIM is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of KIM (1.08) is better than 77.24% of its industry peers.
KIM has a debt to FCF ratio of 14.37. This is a negative value and a sign of low solvency as KIM would need 14.37 years to pay back of all of its debts.
KIM has a better Debt to FCF ratio (14.37) than 75.61% of its industry peers.
A Debt/Equity ratio of 0.80 indicates that KIM is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.80, KIM is doing good in the industry, outperforming 69.11% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 14.37
Altman-Z 1.08
ROIC/WACC0.36
WACC7.09%

2.3 Liquidity

A Current Ratio of 3.29 indicates that KIM has no problem at all paying its short term obligations.
The Current ratio of KIM (3.29) is better than 88.62% of its industry peers.
KIM has a Quick Ratio of 3.29. This indicates that KIM is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of KIM (3.29) is better than 88.62% of its industry peers.
Industry RankSector Rank
Current Ratio 3.29
Quick Ratio 3.29

4

3. Growth

3.1 Past

KIM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 116.13%, which is quite impressive.
Measured over the past years, KIM shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.13% on average per year.
Looking at the last year, KIM shows a small growth in Revenue. The Revenue has grown by 3.23% in the last year.
The Revenue has been growing by 8.89% on average over the past years. This is quite good.
EPS 1Y (TTM)116.13%
EPS 3Y-23.35%
EPS 5Y-0.13%
EPS growth Q2Q2.63%
Revenue 1Y (TTM)3.23%
Revenue growth 3Y19.01%
Revenue growth 5Y8.89%
Revenue growth Q2Q2.68%

3.2 Future

The Earnings Per Share is expected to decrease by -2.81% on average over the next years.
KIM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.04% yearly.
EPS Next Y-30.81%
EPS Next 2Y-14.74%
EPS Next 3Y-5.76%
EPS Next 5Y-2.81%
Revenue Next Year8.5%
Revenue Next 2Y2.4%
Revenue Next 3Y6.78%
Revenue Next 5Y2.04%

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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

4

4. Valuation

4.1 Price/Earnings Ratio

KIM is valuated correctly with a Price/Earnings ratio of 13.78.
90.24% of the companies in the same industry are more expensive than KIM, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 24.75, KIM is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 27.44, the valuation of KIM can be described as expensive.
79.67% of the companies in the same industry are more expensive than KIM, based on the Price/Forward Earnings ratio.
KIM's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 21.23.
Industry RankSector Rank
PE 13.78
Fwd PE 27.44

4.2 Price Multiples

KIM's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. KIM is more expensive than 71.54% of the companies in the same industry.
KIM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KIM is cheaper than 65.04% of the companies in the same industry.
Industry RankSector Rank
P/FCF 23.49
EV/EBITDA 17.53

4.3 Compensation for Growth

KIM has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as KIM's earnings are expected to decrease with -5.76% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-14.74%
EPS Next 3Y-5.76%

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.41%, KIM is a good candidate for dividend investing.
KIM's Dividend Yield is comparable with the industry average which is at 6.15.
KIM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.45.
Industry RankSector Rank
Dividend Yield 5.41%

5.2 History

The dividend of KIM decreases each year by -15.17%.
KIM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-15.17%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

KIM pays out 105.05% of its income as dividend. This is not a sustainable payout ratio.
KIM's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP105.05%
EPS Next 2Y-14.74%
EPS Next 3Y-5.76%

KIMCO REALTY CORP

NYSE:KIM (4/22/2024, 11:53:56 AM)

18.465

+0.27 (+1.46%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap12.45B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 5.41%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 13.78
Fwd PE 27.44
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 3.42%
ROE 6.57%
ROCE
ROIC
ROICexc
ROICexgc
OM 32.67%
PM (TTM) 35.09%
GM 68.78%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 3.29
Quick Ratio 3.29
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)116.13%
EPS 3Y-23.35%
EPS 5Y
EPS growth Q2Q
EPS Next Y-30.81%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.23%
Revenue growth 3Y19.01%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y