KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
USA - NYSE:KIM - US49446R1095 - REIT
21.52 USD
+0.05 (+0.23%)
21.52 USD
0 (0%)
Overall KIM gets a fundamental rating of 5 out of 10. We evaluated KIM against 130 industry peers in the Diversified REITs industry. KIM has only an average score on both its financial health and profitability. KIM has a correct valuation and a medium 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.
Each year in the past 5 years KIM has been profitable.
Each year in the past 5 years KIM had a positive operating cash flow.
1.2 Ratios
KIM's Return On Assets of 2.82% is fine compared to the rest of the industry. KIM outperforms 72.31% of its industry peers.
KIM has a Return On Equity of 5.31%. This is in the better half of the industry: KIM outperforms 67.69% of its industry peers.
KIM has a Return On Invested Capital of 2.82%. This is comparable to the rest of the industry: KIM outperforms 53.85% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KIM is in line with the industry average of 3.02%.
The 3 year average ROIC (2.59%) for KIM is below the current ROIC(2.82%), indicating increased profibility in the last year.
| 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 81.54% of its industry peers.
KIM's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 33.04%, KIM is doing good in the industry, outperforming 69.23% of the companies in the same industry.
In the last couple of years the Operating Margin of KIM has declined.
KIM has a Gross Margin of 68.89%. This is comparable to the rest of the industry: KIM outperforms 56.92% of its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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 1.14. 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 1.14. This is amongst the best in the industry. KIM outperforms 80.77% 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.
Looking at the Debt to FCF ratio, with a value of 17.31, KIM belongs to the top of the industry, outperforming 80.77% 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.
KIM's Debt to Equity ratio of 0.78 is fine compared to the rest of the industry. KIM outperforms 72.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.31 | ||
| Altman-Z | 1.14 |
ROIC/WACC0.42
WACC6.7%
2.3 Liquidity
KIM has a Current 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.
KIM has a Current ratio of 1.47. This is in the better half of the industry: KIM outperforms 63.08% of its industry peers.
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.
The Quick ratio of KIM (1.47) is better than 63.85% of its industry peers.
| 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.
Measured over the past years, KIM shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.89% on average per year.
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
The Earnings Per Share is expected to grow by 7.34% on average over the next years.
Based on estimates for the next years, KIM will show a small growth in Revenue. The Revenue will grow by 3.87% on average per year.
EPS Next Y33.46%
EPS Next 2Y16.38%
EPS Next 3Y13.16%
EPS Next 5Y7.34%
Revenue Next Year4.92%
Revenue Next 2Y4.1%
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.
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
KIM is valuated quite expensively with a Price/Earnings ratio of 25.93.
KIM's Price/Earnings ratio is a bit cheaper when compared to the industry. KIM is cheaper than 70.77% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.90. KIM is around the same levels.
With a Price/Forward Earnings ratio of 28.37, KIM can be considered very expensive at the moment.
79.23% of the companies in the same industry are more expensive than KIM, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of KIM to the average of the S&P500 Index (23.36), we can say KIM is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.93 | ||
| Fwd PE | 28.37 |
4.2 Price Multiples
70.77% of the companies in the same industry are cheaper than KIM, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than 71.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.91 | ||
| EV/EBITDA | 17.18 |
4.3 Compensation for Growth
The 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.
A more expensive valuation may be justified as KIM's earnings are expected to grow with 13.16% in the coming years.
PEG (NY)0.77
PEG (5Y)N/A
EPS Next 2Y16.38%
EPS Next 3Y13.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.68%, KIM is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.68, KIM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, KIM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.68% |
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 2Y16.38%
EPS Next 3Y13.16%
21.52
+0.05 (+0.23%)
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 Change0%
Ins Owners2.18%
Ins Owner Change0.5%
Market Cap14.57B
Analysts72.86
Price Target25 (16.17%)
Short Float %2.86%
Short Ratio4.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.68% |
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)1.19%
PT rev (3m)1.96%
EPS NQ rev (1m)0.64%
EPS NQ rev (3m)4.6%
EPS NY rev (1m)2.64%
EPS NY rev (3m)9.23%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)-0.57%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.93 | ||
| Fwd PE | 28.37 | ||
| P/S | 6.96 | ||
| P/FCF | 30.91 | ||
| P/OCF | 13.69 | ||
| P/B | 1.39 | ||
| P/tB | 1.39 | ||
| EV/EBITDA | 17.18 |
EPS(TTM)0.83
EY3.86%
EPS(NY)0.76
Fwd EY3.52%
FCF(TTM)0.7
FCFY3.23%
OCF(TTM)1.57
OCFY7.31%
SpS3.09
BVpS15.54
TBVpS15.54
PEG (NY)0.77
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
WACC6.7%
ROIC/WACC0.42
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 Y33.46%
EPS Next 2Y16.38%
EPS Next 3Y13.16%
EPS Next 5Y7.34%
Revenue 1Y (TTM)10.16%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%4.98%
Revenue Next Year4.92%
Revenue Next 2Y4.1%
Revenue Next 3Y2.96%
Revenue Next 5Y3.87%
EBIT growth 1Y12.77%
EBIT growth 3Y13.71%
EBIT growth 5Y8.02%
EBIT Next Year109.26%
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%