KIMCO REALTY CORP (KIM)
US49446R1095 - REIT
Overall KIM gets a fundamental rating of 6 out of 10. We evaluated KIM against 127 industry peers in the Diversified REITs industry. KIM scores excellent on profitability, but there are some minor concerns on its financial health. KIM is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year KIM was profitable.
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
With an excellent Return On Assets value of 3.42%, KIM belongs to the best of the industry, outperforming 82.40% of the companies in the same industry.
The Return On Equity of KIM (6.57%) is better than 79.20% 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 3.01%.
The last Return On Invested Capital (2.57%) for KIM is above the 3 year average (2.37%), which is a sign of increasing profitability.
| Industry Rank | Sector 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
The Profit Margin of KIM (35.09%) is better than 87.20% of its industry peers.
KIM's Profit Margin has been stable in the last couple of years.
KIM has a Operating Margin of 32.67%. This is in the better half of the industry: KIM outperforms 70.40% of its industry peers.
In the last couple of years the Operating Margin of KIM has declined.
With a Gross Margin value of 68.78%, KIM perfoms like the industry average, outperforming 54.40% of the companies in the same industry.
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 | 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KIM is destroying value.
Compared to 1 year ago, KIM has more shares outstanding
Compared to 5 years ago, KIM has more shares outstanding
Compared to 1 year ago, KIM has a worse debt to assets ratio.
2.2 Solvency
KIM has an Altman-Z score of 1.20. This is a bad value and indicates that KIM is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.20, KIM is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
The Debt to FCF ratio of KIM is 14.37, which is on the high side as it means it would take KIM, 14.37 years of fcf income to pay off all of its debts.
KIM has a Debt to FCF ratio of 14.37. This is in the better half of the industry: KIM outperforms 77.60% of its industry peers.
KIM has a Debt/Equity ratio of 0.80. This is a neutral value indicating KIM is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.80, KIM is in the better half of the industry, outperforming 72.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 14.37 | ||
| Altman-Z | 1.2 |
ROIC/WACC0.38
WACC6.79%
2.3 Liquidity
KIM has a Current Ratio of 3.29. This indicates that KIM is financially healthy and has no problem in meeting its short term obligations.
KIM has a Current ratio of 3.29. This is amongst the best in the industry. KIM outperforms 84.80% 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.
KIM has a Quick ratio of 3.29. This is amongst the best in the industry. KIM outperforms 84.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.29 | ||
| Quick Ratio | 3.29 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 109.38% over the past year.
KIM shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.87% yearly.
Looking at the last year, KIM shows a very strong growth in Revenue. The Revenue has grown by 28.99%.
Measured over the past years, KIM shows a small growth in Revenue. The Revenue has been growing by 3.11% on average per year.
EPS 1Y (TTM)109.38%
EPS 3Y16.19%
EPS 5Y14.87%
EPS Q2Q%0%
Revenue 1Y (TTM)28.99%
Revenue growth 3Y5.42%
Revenue growth 5Y3.11%
Sales Q2Q%13.74%
3.2 Future
Based on estimates for the next years, KIM will show a very negative growth in Earnings Per Share. The EPS will decrease by -13.14% on average per year.
The Revenue is expected to grow by 10.48% on average over the next years. This is quite good.
EPS Next Y-73.96%
EPS Next 2Y-22.04%
EPS Next 3Y-22.06%
EPS Next 5Y-13.14%
Revenue Next Year29.86%
Revenue Next 2Y16.29%
Revenue Next 3Y11.24%
Revenue Next 5Y10.48%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
KIM is valuated correctly with a Price/Earnings ratio of 15.81.
Compared to the rest of the industry, the Price/Earnings ratio of KIM indicates a rather cheap valuation: KIM is cheaper than 90.40% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 24.41. KIM is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 21.79 indicates a rather expensive valuation of KIM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KIM indicates a rather cheap valuation: KIM is cheaper than 90.40% of the companies listed in the same industry.
KIM's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.81 | ||
| Fwd PE | 21.79 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KIM is valued expensively inside the industry as 80.80% of the companies are valued cheaper.
Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than the industry average as 66.40% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.96 | ||
| EV/EBITDA | 19.1 |
4.3 Compensation for Growth
KIM has a very decent profitability rating, which may justify a higher PE ratio.
KIM's earnings are expected to decrease with -22.06% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.06
EPS Next 2Y-22.04%
EPS Next 3Y-22.06%
5. Dividend
5.1 Amount
KIM has a Yearly Dividend Yield of 4.51%, which is a nice return.
KIM's Dividend Yield is comparable with the industry average which is at 5.52.
Compared to an average S&P500 Dividend Yield of 2.30, KIM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
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
105.05% of the earnings are spent on dividend by KIM. This is not a sustainable payout ratio.
The Dividend Rate of KIM has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP105.05%
EPS Next 2Y-22.04%
EPS Next 3Y-22.06%
KIMCO REALTY CORP
NYSE:KIM (7/26/2024, 7:04:00 PM)
After market: 21.19 0 (0%)21.19
+0.45 (+2.17%)
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 Cap14.28B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
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)
Avg EPS beat(4)
Min 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)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.81 | ||
| Fwd PE | 21.79 | ||
| 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)1.06
Profitability
| Industry Rank | Sector 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 Rank | Sector 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)
High Growth Momentum
Growth
EPS 1Y (TTM)109.38%
EPS 3Y16.19%
EPS 5Y
EPS Q2Q%
EPS Next Y-73.96%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)28.99%
Revenue growth 3Y5.42%
Revenue growth 5Y
Sales 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