KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
NYSE:KIM - US49446R1095 - REIT
21.55 USD
-0.08 (-0.37%)
21.71 USD
+0.16 (+0.74%)
KIM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. KIM has an average financial health and profitability rating. KIM has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
KIM had positive earnings in the past year.
KIM had a positive operating cash flow in the past year.
KIM had positive earnings in each of the past 5 years.
Each year in the past 5 years KIM had a positive operating cash flow.
1.2 Ratios
KIM has a better Return On Assets (2.82%) than 72.09% of its industry peers.
KIM has a Return On Equity of 5.31%. This is in the better half of the industry: KIM outperforms 67.44% of its industry peers.
The Return On Invested Capital of KIM (2.82%) is comparable to the rest of the industry.
KIM had an Average Return On Invested Capital over the past 3 years of 2.59%. This is in line with the industry average of 3.07%.
The last Return On Invested Capital (2.82%) for KIM is above the 3 year average (2.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 5.31% | ||
| ROIC | 2.82% |
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
The Profit Margin of KIM (26.69%) is better than 81.40% of its industry peers.
KIM's Profit Margin has declined in the last couple of years.
KIM's Operating Margin of 33.04% is fine compared to the rest of the industry. KIM outperforms 69.77% of its industry peers.
KIM's Operating Margin has declined in the last couple of years.
KIM has a Gross Margin (68.89%) which is comparable to the rest of the industry.
KIM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.04% | ||
| PM (TTM) | 26.69% | ||
| GM | 68.89% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KIM is destroying value.
Compared to 1 year ago, KIM has more shares outstanding
The number of shares outstanding for KIM has been increased compared to 5 years ago.
Compared to 1 year ago, KIM has about the same debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.14, we must say that KIM is in the distress zone and has some risk of bankruptcy.
KIM has a Altman-Z score of 1.14. This is amongst the best in the industry. KIM outperforms 81.40% of its industry peers.
The Debt to FCF ratio of KIM is 17.31, which is on the high side as it means it would take KIM, 17.31 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 17.31, KIM is doing good in the industry, outperforming 79.84% of the companies in the same industry.
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 72.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.31 | ||
| Altman-Z | 1.14 |
ROIC/WACC0.41
WACC6.8%
2.3 Liquidity
A Current Ratio of 1.47 indicates that KIM should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.47, KIM is doing good in the industry, outperforming 64.34% of the companies in the same industry.
KIM has a Quick Ratio of 1.47. This is a normal value and indicates that KIM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.47, KIM is in the better half of the industry, outperforming 65.12% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
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 10.16%.
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%35.29%
Revenue 1Y (TTM)10.16%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%4.98%
3.2 Future
Based on estimates for the next years, KIM will show a small growth in Earnings Per Share. The EPS will grow by 7.34% on average per year.
KIM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.87% yearly.
EPS Next Y23.65%
EPS Next 2Y14.13%
EPS Next 3Y13%
EPS Next 5Y7.34%
Revenue Next Year5.17%
Revenue Next 2Y4.19%
Revenue Next 3Y2.96%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 25.96 indicates a quite expensive valuation of KIM.
Compared to the rest of the industry, the Price/Earnings ratio of KIM indicates a somewhat cheap valuation: KIM is cheaper than 72.09% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.76, KIM is valued at the same level.
The Price/Forward Earnings ratio is 29.54, which means the current valuation is very expensive for KIM.
Based on the Price/Forward Earnings ratio, KIM is valued a bit cheaper than the industry average as 77.52% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.91, KIM is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.96 | ||
| Fwd PE | 29.54 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KIM is valued a bit more expensive than 73.64% of the companies in the same industry.
69.77% of the companies in the same industry are more expensive than KIM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.92 | ||
| EV/EBITDA | 17.21 |
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 KIM may justify a higher PE ratio.
A more expensive valuation may be justified as KIM's earnings are expected to grow with 13.00% in the coming years.
PEG (NY)1.1
PEG (5Y)N/A
EPS Next 2Y14.13%
EPS Next 3Y13%
5. Dividend
5.1 Amount
KIM has a Yearly Dividend Yield of 6.04%, which is a nice return.
Compared to an average industry Dividend Yield of 6.54, KIM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, KIM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.04% |
5.2 History
The dividend of KIM decreases each year by -3.26%.
KIM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-3.26%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
KIM pays out 125.58% of its income as dividend. This is not a sustainable payout ratio.
DP125.58%
EPS Next 2Y14.13%
EPS Next 3Y13%
21.55
-0.08 (-0.37%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners97.2%
Inst Owner Change-0.1%
Ins Owners2.18%
Ins Owner Change0.65%
Market Cap14.58B
Analysts72.14
Price Target24.65 (14.39%)
Short Float %2.43%
Short Ratio3.75
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.04% |
Yearly Dividend1.06
Dividend Growth(5Y)-3.26%
DP125.58%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.53%
Min EPS beat(2)3.1%
Max EPS beat(2)33.95%
EPS beat(4)4
Avg EPS beat(4)18.76%
Min EPS beat(4)3.1%
Max EPS beat(4)33.95%
EPS beat(8)7
Avg EPS beat(8)2.88%
EPS beat(12)8
Avg EPS beat(12)-5.47%
EPS beat(16)10
Avg EPS beat(16)38%
Revenue beat(2)1
Avg Revenue beat(2)0.18%
Min Revenue beat(2)-1.37%
Max Revenue beat(2)1.74%
Revenue beat(4)3
Avg Revenue beat(4)0.51%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)1.74%
Revenue beat(8)5
Avg Revenue beat(8)0.67%
Revenue beat(12)8
Avg Revenue beat(12)0.84%
Revenue beat(16)12
Avg Revenue beat(16)2.36%
PT rev (1m)0.54%
PT rev (3m)0.08%
EPS NQ rev (1m)4.26%
EPS NQ rev (3m)1.96%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.64%
Revenue NQ rev (1m)-0.13%
Revenue NQ rev (3m)-0.31%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.96 | ||
| Fwd PE | 29.54 | ||
| P/S | 6.96 | ||
| P/FCF | 30.92 | ||
| P/OCF | 13.69 | ||
| P/B | 1.39 | ||
| P/tB | 1.39 | ||
| EV/EBITDA | 17.21 |
EPS(TTM)0.83
EY3.85%
EPS(NY)0.73
Fwd EY3.38%
FCF(TTM)0.7
FCFY3.23%
OCF(TTM)1.57
OCFY7.3%
SpS3.1
BVpS15.55
TBVpS15.55
PEG (NY)1.1
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 5.31% | ||
| ROCE | 3.57% | ||
| ROIC | 2.82% | ||
| ROICexc | 2.85% | ||
| ROICexgc | 2.9% | ||
| OM | 33.04% | ||
| PM (TTM) | 26.69% | ||
| GM | 68.89% | ||
| FCFM | 22.5% |
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%
ROICexcg growth 3Y11.55%
ROICexcg 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-Score7
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.31 | ||
| Debt/EBITDA | 6.24 | ||
| Cap/Depr | 96.37% | ||
| Cap/Sales | 28.32% | ||
| Interest Coverage | 2.18 | ||
| Cash Conversion | 81.42% | ||
| Profit Quality | 84.31% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 1.14 |
F-Score7
WACC6.8%
ROIC/WACC0.41
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%35.29%
EPS Next Y23.65%
EPS Next 2Y14.13%
EPS Next 3Y13%
EPS Next 5Y7.34%
Revenue 1Y (TTM)10.16%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%4.98%
Revenue Next Year5.17%
Revenue Next 2Y4.19%
Revenue Next 3Y2.96%
Revenue Next 5Y3.87%
EBIT growth 1Y12.77%
EBIT growth 3Y13.71%
EBIT growth 5Y8.02%
EBIT Next Year108.55%
EBIT Next 3Y29.14%
EBIT Next 5Y21.25%
FCF growth 1Y10.68%
FCF growth 3YN/A
FCF growth 5Y30.79%
OCF growth 1Y4.48%
OCF growth 3Y17.56%
OCF growth 5Y11.5%