KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
USA - NYSE:KRG - US49803T3005 - REIT
22.23 USD
+0.2 (+0.91%)
22.23 USD
0 (0%)
KRG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. KRG has a medium profitability rating, but doesn't score so well on its financial health evaluation. KRG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
KRG had positive earnings in the past year.
KRG had a positive operating cash flow in the past year.
In multiple years KRG reported negative net income over the last 5 years.
KRG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 2.52%, KRG is doing good in the industry, outperforming 71.54% of the companies in the same industry.
KRG has a Return On Equity of 5.20%. This is in the better half of the industry: KRG outperforms 66.92% of its industry peers.
The Return On Invested Capital of KRG (2.35%) is comparable to the rest of the industry.
KRG had an Average Return On Invested Capital over the past 3 years of 1.52%. This is in line with the industry average of 3.05%.
The 3 year average ROIC (1.52%) for KRG is below the current ROIC(2.35%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.52% | ||
| ROE | 5.2% | ||
| ROIC | 2.35% |
ROA(3y)0.19%
ROA(5y)-0.22%
ROE(3y)0.37%
ROE(5y)-0.45%
ROIC(3y)1.52%
ROIC(5y)1.17%
1.3 Margins
KRG has a better Profit Margin (20.14%) than 72.31% of its industry peers.
KRG's Operating Margin of 22.63% is in line compared to the rest of the industry. KRG outperforms 51.54% of its industry peers.
In the last couple of years the Operating Margin of KRG has remained more or less at the same level.
KRG's Gross Margin of 74.22% is fine compared to the rest of the industry. KRG outperforms 70.77% of its industry peers.
KRG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.63% | ||
| PM (TTM) | 20.14% | ||
| GM | 74.22% |
OM growth 3Y32.78%
OM growth 5Y-1.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.06%
GM growth 5Y0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KRG is destroying value.
Compared to 1 year ago, KRG has about the same amount of shares outstanding.
Compared to 5 years ago, KRG has more shares outstanding
The debt/assets ratio for KRG is higher compared to a year ago.
2.2 Solvency
KRG has an Altman-Z score of 0.71. This is a bad value and indicates that KRG is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of KRG (0.71) is better than 63.08% of its industry peers.
KRG has a debt to FCF ratio of 11.07. This is a negative value and a sign of low solvency as KRG would need 11.07 years to pay back of all of its debts.
KRG has a Debt to FCF ratio of 11.07. This is amongst the best in the industry. KRG outperforms 87.69% of its industry peers.
A Debt/Equity ratio of 0.89 indicates that KRG is somewhat dependend on debt financing.
KRG's Debt to Equity ratio of 0.89 is fine compared to the rest of the industry. KRG outperforms 66.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 11.07 | ||
| Altman-Z | 0.71 |
ROIC/WACC0.35
WACC6.77%
2.3 Liquidity
KRG has a Current Ratio of 0.90. This is a bad value and indicates that KRG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of KRG (0.90) is comparable to the rest of the industry.
A Quick Ratio of 0.90 indicates that KRG may have some problems paying its short term obligations.
The Quick ratio of KRG (0.90) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
KRG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 338.89%, which is quite impressive.
KRG shows a small growth in Revenue. In the last year, the Revenue has grown by 3.60%.
The Revenue has been growing by 21.71% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)338.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%525%
Revenue 1Y (TTM)3.6%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%2.11%
3.2 Future
Based on estimates for the next years, KRG will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.07% on average per year.
Based on estimates for the next years, KRG will show a small growth in Revenue. The Revenue will grow by 4.11% on average per year.
EPS Next Y61.82%
EPS Next 2Y18.59%
EPS Next 3Y17.07%
EPS Next 5YN/A
Revenue Next Year3.18%
Revenue Next 2Y1.31%
Revenue Next 3Y1.69%
Revenue Next 5Y4.11%
3.3 Evolution
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
KRG is valuated quite expensively with a Price/Earnings ratio of 28.14.
Based on the Price/Earnings ratio, KRG is valued a bit cheaper than 67.69% of the companies in the same industry.
KRG is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.41, which is the current average of the S&P500 Index.
KRG is valuated quite expensively with a Price/Forward Earnings ratio of 50.99.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KRG is on the same level as its industry peers.
KRG is valuated expensively when we compare the Price/Forward Earnings ratio to 22.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.14 | ||
| Fwd PE | 50.99 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KRG is valued a bit cheaper than 67.69% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KRG is valued cheaper than 80.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.89 | ||
| EV/EBITDA | 13.03 |
4.3 Compensation for Growth
KRG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KRG has a very decent profitability rating, which may justify a higher PE ratio.
KRG's earnings are expected to grow with 17.07% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)N/A
EPS Next 2Y18.59%
EPS Next 3Y17.07%
5. Dividend
5.1 Amount
KRG has a Yearly Dividend Yield of 4.75%, which is a nice return.
Compared to an average industry Dividend Yield of 6.66, KRG has a dividend in line with its industry peers.
KRG's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.75% |
5.2 History
The dividend of KRG decreases each year by -8.66%.
KRG has been paying a dividend for at least 10 years, so it has a reliable track record.
As KRG did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-8.66%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
133.65% of the earnings are spent on dividend by KRG. This is not a sustainable payout ratio.
DP133.65%
EPS Next 2Y18.59%
EPS Next 3Y17.07%
22.23
+0.2 (+0.91%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners97.67%
Inst Owner Change4.94%
Ins Owners0.68%
Ins Owner Change-2.52%
Market Cap4.89B
Analysts76.25
Price Target25.91 (16.55%)
Short Float %4.29%
Short Ratio5.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.75% |
Yearly Dividend1.01
Dividend Growth(5Y)-8.66%
DP133.65%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)312.94%
Min EPS beat(2)32.82%
Max EPS beat(2)593.05%
EPS beat(4)4
Avg EPS beat(4)160.54%
Min EPS beat(4)3.14%
Max EPS beat(4)593.05%
EPS beat(8)8
Avg EPS beat(8)133.82%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)1.62%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)3.83%
Revenue beat(4)2
Avg Revenue beat(4)0.84%
Min Revenue beat(4)-1.84%
Max Revenue beat(4)3.83%
Revenue beat(8)4
Avg Revenue beat(8)0.09%
Revenue beat(12)8
Avg Revenue beat(12)0.8%
Revenue beat(16)12
Avg Revenue beat(16)1.89%
PT rev (1m)-3.05%
PT rev (3m)-5.15%
EPS NQ rev (1m)-8.02%
EPS NQ rev (3m)-14.59%
EPS NY rev (1m)50.51%
EPS NY rev (3m)39.25%
Revenue NQ rev (1m)-0.71%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)-0.43%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.14 | ||
| Fwd PE | 50.99 | ||
| P/S | 5.7 | ||
| P/FCF | 17.89 | ||
| P/OCF | 11.36 | ||
| P/B | 1.47 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 13.03 |
EPS(TTM)0.79
EY3.55%
EPS(NY)0.44
Fwd EY1.96%
FCF(TTM)1.24
FCFY5.59%
OCF(TTM)1.96
OCFY8.8%
SpS3.9
BVpS15.09
TBVpS13.73
PEG (NY)0.46
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.52% | ||
| ROE | 5.2% | ||
| ROCE | 2.98% | ||
| ROIC | 2.35% | ||
| ROICexc | 2.42% | ||
| ROICexgc | 2.54% | ||
| OM | 22.63% | ||
| PM (TTM) | 20.14% | ||
| GM | 74.22% | ||
| FCFM | 31.87% |
ROA(3y)0.19%
ROA(5y)-0.22%
ROE(3y)0.37%
ROE(5y)-0.45%
ROIC(3y)1.52%
ROIC(5y)1.17%
ROICexc(3y)1.54%
ROICexc(5y)1.19%
ROICexgc(3y)1.63%
ROICexgc(5y)1.24%
ROCE(3y)1.92%
ROCE(5y)1.49%
ROICexcg growth 3Y86.98%
ROICexcg growth 5Y1.62%
ROICexc growth 3Y83.34%
ROICexc growth 5Y0.43%
OM growth 3Y32.78%
OM growth 5Y-1.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.06%
GM growth 5Y0.26%
F-Score6
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.89 | ||
| Debt/FCF | 11.07 | ||
| Debt/EBITDA | 4.98 | ||
| Cap/Depr | 39.69% | ||
| Cap/Sales | 18.33% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 72.95% | ||
| Profit Quality | 158.24% | ||
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 0.71 |
F-Score6
WACC6.77%
ROIC/WACC0.35
Cap/Depr(3y)34.03%
Cap/Depr(5y)31.92%
Cap/Sales(3y)17.94%
Cap/Sales(5y)16.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)338.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%525%
EPS Next Y61.82%
EPS Next 2Y18.59%
EPS Next 3Y17.07%
EPS Next 5YN/A
Revenue 1Y (TTM)3.6%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%2.11%
Revenue Next Year3.18%
Revenue Next 2Y1.31%
Revenue Next 3Y1.69%
Revenue Next 5Y4.11%
EBIT growth 1Y26.63%
EBIT growth 3Y74.13%
EBIT growth 5Y20.41%
EBIT Next Year232.69%
EBIT Next 3Y51.94%
EBIT Next 5Y38.86%
FCF growth 1Y14.86%
FCF growth 3Y86.16%
FCF growth 5Y26.84%
OCF growth 1Y6.13%
OCF growth 3Y61%
OCF growth 5Y24.87%