KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KIM - US49446R1095 - REIT
20.68 USD
+0.23 (+1.12%)
20.69 USD
+0.01 (+0.05%)
We assign a fundamental rating of 5 out of 10 to KIM. KIM was compared to 128 industry peers in the Diversified REITs industry. Both the profitability and the financial health of KIM get a neutral evaluation. Nothing too spectacular is happening here. KIM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
KIM had positive earnings in the past year.
In the past year KIM had a positive cash flow from operations.
KIM had positive earnings in each of the past 5 years.
In the past 5 years KIM always reported a positive cash flow from operatings.
1.2 Ratios
KIM's Return On Assets of 2.83% is fine compared to the rest of the industry. KIM outperforms 72.66% of its industry peers.
KIM has a better Return On Equity (5.37%) than 69.53% of its industry peers.
The Return On Invested Capital of KIM (2.87%) 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 3.06%.
The 3 year average ROIC (2.59%) for KIM is below the current ROIC(2.87%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 5.37% | ||
| ROIC | 2.87% |
ROA(3y)1.94%
ROA(5y)3.72%
ROE(3y)3.71%
ROE(5y)7.34%
ROIC(3y)2.59%
ROIC(5y)2.41%
1.3 Margins
With an excellent Profit Margin value of 26.52%, KIM belongs to the best of the industry, outperforming 80.47% of the companies in the same industry.
In the last couple of years the Profit Margin of KIM has declined.
KIM has a better Operating Margin (33.20%) than 68.75% of its industry peers.
In the last couple of years the Operating Margin of KIM has declined.
KIM has a Gross Margin of 69.03%. This is comparable to the rest of the industry: KIM outperforms 56.25% of its industry peers.
In the last couple of years the Gross Margin of KIM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.2% | ||
| PM (TTM) | 26.52% | ||
| GM | 69.03% |
OM growth 3Y-0.51%
OM growth 5Y-3.5%
PM growth 3Y-32.69%
PM growth 5Y-8.94%
GM growth 3Y-0.33%
GM growth 5Y-0.64%
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.
The debt/assets ratio for KIM has remained at the same level compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.09, we must say that KIM is in the distress zone and has some risk of bankruptcy.
KIM has a better Altman-Z score (1.09) than 79.69% of its industry peers.
The Debt to FCF ratio of KIM is 17.47, which is on the high side as it means it would take KIM, 17.47 years of fcf income to pay off all of its debts.
KIM has a better Debt to FCF ratio (17.47) than 81.25% of its industry peers.
KIM has a Debt/Equity ratio of 0.78. This is a neutral value indicating KIM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.78, KIM is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.09 |
ROIC/WACC0.43
WACC6.59%
2.3 Liquidity
KIM has a Current Ratio of 1.15. This is a normal value and indicates that KIM is financially healthy and should not expect problems in meeting its short term obligations.
KIM has a Current ratio (1.15) which is comparable to the rest of the industry.
A Quick Ratio of 1.15 indicates that KIM should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.15, KIM perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
KIM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 50.91%, which is quite impressive.
The Earnings Per Share has been decreasing by -6.89% on average over the past years.
KIM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.14%.
Measured over the past years, KIM shows a quite strong growth in Revenue. The Revenue has been growing by 11.94% on average per year.
EPS 1Y (TTM)50.91%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%0%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%5.62%
3.2 Future
KIM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.34% yearly.
KIM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.87% yearly.
EPS Next Y34.06%
EPS Next 2Y16.85%
EPS Next 3Y13.62%
EPS Next 5Y7.34%
Revenue Next Year5.12%
Revenue Next 2Y4.15%
Revenue Next 3Y3.84%
Revenue Next 5Y3.87%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
KIM is valuated rather expensively with a Price/Earnings ratio of 24.92.
Compared to the rest of the industry, the Price/Earnings ratio of KIM indicates a somewhat cheap valuation: KIM is cheaper than 77.34% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 25.98. KIM is around the same levels.
Based on the Price/Forward Earnings ratio of 27.05, the valuation of KIM can be described as expensive.
KIM's Price/Forward Earnings ratio is rather cheap when compared to the industry. KIM is cheaper than 80.47% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 35.79. KIM is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.92 | ||
| Fwd PE | 27.05 |
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 64.06% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than the industry average as 70.31% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.74 | ||
| EV/EBITDA | 16.54 |
4.3 Compensation for Growth
KIM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KIM has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as KIM's earnings are expected to grow with 13.62% in the coming years.
PEG (NY)0.73
PEG (5Y)N/A
EPS Next 2Y16.85%
EPS Next 3Y13.62%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.23%, KIM is a good candidate for dividend investing.
KIM's Dividend Yield is comparable with the industry average which is at 6.59.
KIM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.23% |
5.2 History
The dividend of KIM decreases each year by -3.26%.
KIM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-3.26%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
KIM pays out 125.96% of its income as dividend. This is not a sustainable payout ratio.
DP125.96%
EPS Next 2Y16.85%
EPS Next 3Y13.62%
20.68
+0.23 (+1.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.72%
Inst Owner Change2.42%
Ins Owners2.18%
Ins Owner Change-0.15%
Market Cap14.00B
Revenue(TTM)2.12B
Net Income(TTM)563.07M
Analysts73.79
Price Target24.81 (19.97%)
Short Float %3.39%
Short Ratio4.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.23% |
Yearly Dividend1.06
Dividend Growth(5Y)-3.26%
DP125.96%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.11%
Min EPS beat(2)8.27%
Max EPS beat(2)33.95%
EPS beat(4)4
Avg EPS beat(4)17.96%
Min EPS beat(4)3.1%
Max EPS beat(4)33.95%
EPS beat(8)7
Avg EPS beat(8)1.72%
EPS beat(12)9
Avg EPS beat(12)-0.48%
EPS beat(16)10
Avg EPS beat(16)-10.44%
Revenue beat(2)1
Avg Revenue beat(2)-0.14%
Min Revenue beat(2)-1.37%
Max Revenue beat(2)1.1%
Revenue beat(4)3
Avg Revenue beat(4)0.77%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)1.74%
Revenue beat(8)5
Avg Revenue beat(8)0.65%
Revenue beat(12)8
Avg Revenue beat(12)0.72%
Revenue beat(16)12
Avg Revenue beat(16)1.36%
PT rev (1m)-0.76%
PT rev (3m)0.42%
EPS NQ rev (1m)1.41%
EPS NQ rev (3m)2.53%
EPS NY rev (1m)1.13%
EPS NY rev (3m)3.1%
Revenue NQ rev (1m)0.6%
Revenue NQ rev (3m)0.01%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.92 | ||
| Fwd PE | 27.05 | ||
| P/S | 6.6 | ||
| P/FCF | 29.74 | ||
| P/OCF | 12.72 | ||
| P/B | 1.34 | ||
| P/tB | 1.34 | ||
| EV/EBITDA | 16.54 |
EPS(TTM)0.83
EY4.01%
EPS(NY)0.76
Fwd EY3.7%
FCF(TTM)0.7
FCFY3.36%
OCF(TTM)1.63
OCFY7.86%
SpS3.14
BVpS15.48
TBVpS15.48
PEG (NY)0.73
PEG (5Y)N/A
Graham Number17.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 5.37% | ||
| ROCE | 3.63% | ||
| ROIC | 2.87% | ||
| ROICexc | 2.89% | ||
| ROICexgc | 2.93% | ||
| OM | 33.2% | ||
| PM (TTM) | 26.52% | ||
| GM | 69.03% | ||
| FCFM | 22.18% |
ROA(3y)1.94%
ROA(5y)3.72%
ROE(3y)3.71%
ROE(5y)7.34%
ROIC(3y)2.59%
ROIC(5y)2.41%
ROICexc(3y)2.67%
ROICexc(5y)2.47%
ROICexgc(3y)2.72%
ROICexgc(5y)2.5%
ROCE(3y)3.28%
ROCE(5y)3.05%
ROICexgc growth 3Y11.55%
ROICexgc growth 5Y-4.11%
ROICexc growth 3Y10.84%
ROICexc growth 5Y-4.28%
OM growth 3Y-0.51%
OM growth 5Y-3.5%
PM growth 3Y-32.69%
PM growth 5Y-8.94%
GM growth 3Y-0.33%
GM growth 5Y-0.64%
F-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.47 | ||
| Debt/EBITDA | 6.17 | ||
| Cap/Depr | 100.19% | ||
| Cap/Sales | 29.69% | ||
| Interest Coverage | 2.18 | ||
| Cash Conversion | 82.54% | ||
| Profit Quality | 83.62% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 1.09 |
F-Score6
WACC6.59%
ROIC/WACC0.43
Cap/Depr(3y)94.6%
Cap/Depr(5y)114.14%
Cap/Sales(3y)27.48%
Cap/Sales(5y)32.82%
Profit Quality(3y)199.49%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)50.91%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%0%
EPS Next Y34.06%
EPS Next 2Y16.85%
EPS Next 3Y13.62%
EPS Next 5Y7.34%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%5.62%
Revenue Next Year5.12%
Revenue Next 2Y4.15%
Revenue Next 3Y3.84%
Revenue Next 5Y3.87%
EBIT growth 1Y10.44%
EBIT growth 3Y13.71%
EBIT growth 5Y8.02%
EBIT Next Year110.12%
EBIT Next 3Y30.83%
EBIT Next 5Y21.25%
FCF growth 1Y22.8%
FCF growth 3YN/A
FCF growth 5Y30.79%
OCF growth 1Y6.21%
OCF growth 3Y17.56%
OCF growth 5Y11.5%
KIMCO REALTY CORP / KIM FAQ
What is the ChartMill fundamental rating of KIMCO REALTY CORP (KIM) stock?
ChartMill assigns a fundamental rating of 5 / 10 to KIM.
Can you provide the valuation status for KIMCO REALTY CORP?
ChartMill assigns a valuation rating of 5 / 10 to KIMCO REALTY CORP (KIM). This can be considered as Fairly Valued.
Can you provide the profitability details for KIMCO REALTY CORP?
KIMCO REALTY CORP (KIM) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for KIM stock?
The Price/Earnings (PE) ratio for KIMCO REALTY CORP (KIM) is 24.92 and the Price/Book (PB) ratio is 1.34.
Is the dividend of KIMCO REALTY CORP sustainable?
The dividend rating of KIMCO REALTY CORP (KIM) is 4 / 10 and the dividend payout ratio is 125.96%.