KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KIM - US49446R1095 - REIT
20.36 USD
+0.49 (+2.47%)
20.36 USD
0 (0%)
Taking everything into account, KIM scores 5 out of 10 in our fundamental rating. 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 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.
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
KIM has a Return On Assets of 2.83%. This is in the better half of the industry: KIM outperforms 72.66% of its industry peers.
KIM has a Return On Equity of 5.37%. This is in the better half of the industry: KIM outperforms 69.53% of its industry peers.
KIM has a Return On Invested Capital (2.87%) which is in line with its industry peers.
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
KIM has a Profit Margin of 26.52%. This is amongst the best in the industry. KIM outperforms 80.47% of its industry peers.
In the last couple of years the Profit Margin of KIM has declined.
Looking at the Operating Margin, with a value of 33.20%, KIM is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
KIM's Operating Margin has declined in the last couple of years.
KIM has a Gross Margin (69.03%) which is comparable to the rest of the 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 | 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KIM 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.
Compared to 1 year ago, KIM has about the same debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.07, we must say that KIM is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.07, KIM belongs to the top of the industry, outperforming 80.47% of the companies in the same industry.
KIM has a debt to FCF ratio of 17.47. This is a negative value and a sign of low solvency as KIM would need 17.47 years to pay back of all of its debts.
The Debt to FCF ratio of KIM (17.47) is better than 81.25% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that KIM is somewhat dependend on debt financing.
KIM has a Debt to Equity ratio of 0.78. This is in the better half of the industry: KIM outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.07 |
ROIC/WACC0.44
WACC6.58%
2.3 Liquidity
A Current Ratio of 1.15 indicates that KIM should not have too much problems paying its short term obligations.
KIM has a Current ratio (1.15) which is comparable to the rest of the industry.
KIM has a Quick 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 Quick ratio (1.15) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 50.91% over the past year.
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%.
KIM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.94% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
The Price/Earnings ratio is 24.53, which indicates a rather expensive current valuation of KIM.
77.34% of the companies in the same industry are more expensive than KIM, based on the Price/Earnings ratio.
KIM is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 26.63, KIM can be considered very expensive at the moment.
Based on the Price/Forward Earnings ratio, KIM is valued cheaply inside the industry as 80.47% of the companies are valued more expensively.
KIM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.53 | ||
| Fwd PE | 26.63 |
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 62.50% of the companies in the same industry.
70.31% 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 | 29.28 | ||
| EV/EBITDA | 16.38 |
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.
The decent profitability rating of KIM may justify a higher PE ratio.
KIM's earnings are expected to grow with 13.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.72
PEG (5Y)N/A
EPS Next 2Y16.85%
EPS Next 3Y13.62%
5. Dividend
5.1 Amount
KIM has a Yearly Dividend Yield of 5.23%, which is a nice return.
Compared to an average industry Dividend Yield of 6.59, KIM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, KIM pays a better dividend.
| 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
125.96% of the earnings are spent on dividend by KIM. This is not a sustainable payout ratio.
DP125.96%
EPS Next 2Y16.85%
EPS Next 3Y13.62%
20.36
+0.49 (+2.47%)
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 Cap13.79B
Revenue(TTM)2.12B
Net Income(TTM)563.07M
Analysts73.79
Price Target24.81 (21.86%)
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 | 24.53 | ||
| Fwd PE | 26.63 | ||
| P/S | 6.49 | ||
| P/FCF | 29.28 | ||
| P/OCF | 12.52 | ||
| P/B | 1.31 | ||
| P/tB | 1.31 | ||
| EV/EBITDA | 16.38 |
EPS(TTM)0.83
EY4.08%
EPS(NY)0.76
Fwd EY3.76%
FCF(TTM)0.7
FCFY3.41%
OCF(TTM)1.63
OCFY7.99%
SpS3.14
BVpS15.48
TBVpS15.48
PEG (NY)0.72
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 | 1.07 |
F-Score6
WACC6.58%
ROIC/WACC0.44
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 24.53 and the Price/Book (PB) ratio is 1.31.
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%.