KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
NYSE:KIM - New York Stock Exchange, Inc. - US49446R1095 - REIT - Currency: USD
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 only an average score on both its financial health and profitability. 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.
In the past 5 years KIM has always been profitable.
In the past 5 years KIM always reported a positive cash flow from operatings.
1.2 Ratios
KIM's Return On Assets of 2.61% is fine compared to the rest of the industry. KIM outperforms 72.87% of its industry peers.
KIM's Return On Equity of 4.87% is fine compared to the rest of the industry. KIM outperforms 68.22% of its industry peers.
KIM has a Return On Invested Capital of 2.77%. This is comparable to the rest of the industry: KIM outperforms 51.94% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KIM is in line with the industry average of 3.15%.
The last Return On Invested Capital (2.77%) for KIM is above the 3 year average (2.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.61% | ||
| ROE | 4.87% | ||
| ROIC | 2.77% |
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 (24.90%) is better than 79.07% of its industry peers.
In the last couple of years the Profit Margin of KIM has declined.
KIM has a better Operating Margin (32.77%) than 70.54% of its industry peers.
KIM's Operating Margin has declined in the last couple of years.
KIM has a Gross Margin (68.70%) which is in line with 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 | 32.77% | ||
| PM (TTM) | 24.9% | ||
| GM | 68.7% |
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.
KIM has more shares outstanding than it did 1 year ago.
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
KIM has an Altman-Z score of 1.11. This is a bad value and indicates that KIM is not financially healthy and even has some risk of bankruptcy.
KIM has a Altman-Z score of 1.11. This is in the better half of the industry: KIM outperforms 79.84% of its industry peers.
The Debt to FCF ratio of KIM is 17.38, which is on the high side as it means it would take KIM, 17.38 years of fcf income to pay off all of its debts.
KIM has a Debt to FCF ratio of 17.38. This is amongst the best in the industry. KIM outperforms 81.40% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that KIM is somewhat dependend on debt financing.
KIM has a Debt to Equity ratio of 0.76. This is in the better half of the industry: KIM outperforms 72.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 17.38 | ||
| Altman-Z | 1.11 |
ROIC/WACC0.4
WACC7%
2.3 Liquidity
A Current Ratio of 1.24 indicates that KIM should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.24, KIM is in the better half of the industry, outperforming 62.79% of the companies in the same industry.
A Quick Ratio of 1.24 indicates that KIM should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.24, KIM is in the better half of the industry, outperforming 63.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.24 |
3. Growth
3.1 Past
KIM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 42.59%, which is quite impressive.
KIM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.89% yearly.
The Revenue has grown by 12.23% in the past year. This is quite good.
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)42.59%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%700%
Revenue 1Y (TTM)12.23%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%7.56%
3.2 Future
KIM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.14% yearly.
KIM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.96% yearly.
EPS Next Y25.71%
EPS Next 2Y15.53%
EPS Next 3Y13.87%
EPS Next 5Y8.14%
Revenue Next Year5.07%
Revenue Next 2Y4.1%
Revenue Next 3Y2.96%
Revenue Next 5Y3.96%
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
With a Price/Earnings ratio of 26.62, KIM can be considered very expensive at the moment.
Based on the Price/Earnings ratio, KIM is valued a bit cheaper than 70.54% of the companies in the same industry.
When comparing the Price/Earnings ratio of KIM to the average of the S&P500 Index (25.91), we can say KIM is valued inline with the index average.
A Price/Forward Earnings ratio of 27.43 indicates a quite expensive valuation of KIM.
KIM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KIM is cheaper than 76.74% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of KIM to the average of the S&P500 Index (21.85), we can say KIM is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.62 | ||
| Fwd PE | 27.43 |
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 76.74% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than 70.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.17 | ||
| EV/EBITDA | 17.03 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
KIM has a very decent profitability rating, which may justify a higher PE ratio.
KIM's earnings are expected to grow with 13.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.04
PEG (5Y)N/A
EPS Next 2Y15.53%
EPS Next 3Y13.87%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.68%, KIM is a good candidate for dividend investing.
KIM's Dividend Yield is comparable with the industry average which is at 6.61.
KIM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.68% |
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
134.86% of the earnings are spent on dividend by KIM. This is not a sustainable payout ratio.
DP134.86%
EPS Next 2Y15.53%
EPS Next 3Y13.87%
NYSE:KIM (5/23/2025, 2:24:04 PM)
20.5
-0.11 (-0.53%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners93.75%
Inst Owner Change4.43%
Ins Owners2.14%
Ins Owner Change1.48%
Market Cap13.93B
Analysts71.85
Price Target24.64 (20.2%)
Short Float %3.19%
Short Ratio3.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.68% |
Yearly Dividend1.06
Dividend Growth(5Y)-3.26%
DP134.86%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15%
Min EPS beat(2)3.48%
Max EPS beat(2)26.51%
EPS beat(4)4
Avg EPS beat(4)12.23%
Min EPS beat(4)3.48%
Max EPS beat(4)26.51%
EPS beat(8)6
Avg EPS beat(8)-2.28%
EPS beat(12)7
Avg EPS beat(12)-28.26%
EPS beat(16)10
Avg EPS beat(16)43.39%
Revenue beat(2)2
Avg Revenue beat(2)1.67%
Min Revenue beat(2)1.6%
Max Revenue beat(2)1.74%
Revenue beat(4)3
Avg Revenue beat(4)0.52%
Min Revenue beat(4)-1.3%
Max Revenue beat(4)1.74%
Revenue beat(8)5
Avg Revenue beat(8)0.84%
Revenue beat(12)9
Avg Revenue beat(12)1.07%
Revenue beat(16)13
Avg Revenue beat(16)2.78%
PT rev (1m)-3.5%
PT rev (3m)-6.2%
EPS NQ rev (1m)1.96%
EPS NQ rev (3m)1.96%
EPS NY rev (1m)2.67%
EPS NY rev (3m)1.01%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.2%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)1.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.62 | ||
| Fwd PE | 27.43 | ||
| P/S | 6.73 | ||
| P/FCF | 30.17 | ||
| P/OCF | 13.22 | ||
| P/B | 1.32 | ||
| P/tB | 1.32 | ||
| EV/EBITDA | 17.03 |
EPS(TTM)0.77
EY3.76%
EPS(NY)0.75
Fwd EY3.65%
FCF(TTM)0.68
FCFY3.31%
OCF(TTM)1.55
OCFY7.56%
SpS3.05
BVpS15.58
TBVpS15.58
PEG (NY)1.04
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.61% | ||
| ROE | 4.87% | ||
| ROCE | 3.51% | ||
| ROIC | 2.77% | ||
| ROICexc | 2.79% | ||
| ROICexgc | 2.83% | ||
| OM | 32.77% | ||
| PM (TTM) | 24.9% | ||
| GM | 68.7% | ||
| FCFM | 22.3% |
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-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.76 | ||
| Debt/FCF | 17.38 | ||
| Debt/EBITDA | 6.24 | ||
| Cap/Depr | 97.41% | ||
| Cap/Sales | 28.59% | ||
| Interest Coverage | 2.18 | ||
| Cash Conversion | 81.92% | ||
| Profit Quality | 89.58% | ||
| Current Ratio | 1.24 | ||
| Quick Ratio | 1.24 | ||
| Altman-Z | 1.11 |
F-Score6
WACC7%
ROIC/WACC0.4
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)42.59%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%700%
EPS Next Y25.71%
EPS Next 2Y15.53%
EPS Next 3Y13.87%
EPS Next 5Y8.14%
Revenue 1Y (TTM)12.23%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%7.56%
Revenue Next Year5.07%
Revenue Next 2Y4.1%
Revenue Next 3Y2.96%
Revenue Next 5Y3.96%
EBIT growth 1Y13.65%
EBIT growth 3Y13.71%
EBIT growth 5Y8.02%
EBIT Next Year106.28%
EBIT Next 3Y29.14%
EBIT Next 5Y18.95%
FCF growth 1Y8.2%
FCF growth 3YN/A
FCF growth 5Y30.79%
OCF growth 1Y4.11%
OCF growth 3Y17.56%
OCF growth 5Y11.5%