KIMCO REALTY CORP (KIM)

US49446R1095 - REIT

19.36  +0.55 (+2.92%)

After market: 19.36 0 (0%)

Fundamental Rating

5

KIM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 127 industry peers in the Diversified REITs industry. KIM has an average financial health and profitability rating. KIM has a correct valuation and a medium growth rate.



6

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.
Each year in the past 5 years KIM had a positive operating cash flow.

1.2 Ratios

The Return On Assets of KIM (3.42%) is better than 79.84% of its industry peers.
Looking at the Return On Equity, with a value of 6.57%, KIM is in the better half of the industry, outperforming 78.23% of the companies in the same industry.
With a Return On Invested Capital value of 2.57%, KIM perfoms like the industry average, outperforming 49.19% of the companies in the same industry.
KIM had an Average Return On Invested Capital over the past 3 years of 2.37%. This is in line with the industry average of 2.93%.
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 86.29% of its industry peers.
KIM's Profit Margin has been stable in the last couple of years.
The Operating Margin of KIM (32.67%) is better than 70.97% of its industry peers.
KIM's Operating Margin has declined in the last couple of years.
The Gross Margin of KIM (68.78%) is comparable to the rest of the 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.
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.
The debt/assets ratio for KIM is higher compared to a year ago.

2.2 Solvency

KIM has an Altman-Z score of 1.14. This is a bad value and indicates that KIM is not financially healthy and even has some risk of bankruptcy.
KIM's Altman-Z score of 1.14 is fine compared to the rest of the industry. KIM outperforms 79.03% 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's Debt to FCF ratio of 14.37 is fine compared to the rest of the industry. KIM outperforms 75.81% 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.
KIM has a Debt to Equity ratio of 0.80. This is in the better half of the industry: KIM outperforms 68.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 14.37
Altman-Z 1.14
ROIC/WACC0.37
WACC6.96%

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's Current ratio of 3.29 is amongst the best of the industry. KIM outperforms 88.71% 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's Quick ratio of 3.29 is amongst the best of the industry. KIM outperforms 88.71% 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.
KIM shows a small growth in Revenue. In the last year, the Revenue has grown by 3.23%.
KIM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.89% yearly.
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

Based on estimates for the next years, KIM will show a decrease in Earnings Per Share. The EPS will decrease by -2.81% on average per year.
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-31.31%
EPS Next 2Y-14.74%
EPS Next 3Y-3.7%
EPS Next 5Y-2.81%
Revenue Next Year7.15%
Revenue Next 2Y2.4%
Revenue Next 3Y6.75%
Revenue Next 5Y2.04%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less 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

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 14.45 indicates a correct valuation of KIM.
KIM's Price/Earnings ratio is rather cheap when compared to the industry. KIM is cheaper than 89.52% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.42, KIM is valued a bit cheaper.
KIM is valuated quite expensively with a Price/Forward Earnings ratio of 28.98.
KIM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KIM is cheaper than 78.23% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.74, KIM is valued a bit more expensive.
Industry RankSector Rank
PE 14.45
Fwd PE 28.98

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, KIM is valued a bit more expensive than the industry average as 73.39% of the companies are valued more cheaply.
Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than 64.52% of the companies in the same industry.
Industry RankSector Rank
P/FCF 24.58
EV/EBITDA 18.22

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 -3.70% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-14.74%
EPS Next 3Y-3.7%

4

5. Dividend

5.1 Amount

KIM has a Yearly Dividend Yield of 4.87%, which is a nice return.
KIM's Dividend Yield is comparable with the industry average which is at 5.72.
KIM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
Industry RankSector Rank
Dividend Yield 4.87%

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.
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-3.7%

KIMCO REALTY CORP

NYSE:KIM (3/27/2024, 8:24:02 PM)

After market: 19.36 0 (0%)

19.36

+0.55 (+2.92%)

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 Cap13.03B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 4.87%
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)
Max EPS beat(4)
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)
Max Revenue beat(4)
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 RankSector Rank
PE 14.45
Fwd PE 28.98
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-31.31%
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