KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
USA - NYSE:KRG - US49803T3005 - REIT
21.98 USD
-0.32 (-1.43%)
21.98 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. There are concerns on the financial health of KRG while its profitability can be described as average. KRG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year KRG was profitable.
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
The Return On Assets of KRG (2.52%) is better than 71.54% of its industry peers.
KRG's Return On Equity of 5.20% is fine compared to the rest of the industry. KRG outperforms 66.92% of its industry peers.
With a Return On Invested Capital value of 2.35%, KRG perfoms like the industry average, outperforming 45.38% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for KRG is in line with the industry average of 3.02%.
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
Looking at the Profit Margin, with a value of 20.14%, KRG is in the better half of the industry, outperforming 72.31% of the companies in the same industry.
KRG has a Operating Margin (22.63%) which is in line with its industry peers.
KRG's Operating Margin has been stable in the last couple of years.
KRG's Gross Margin of 74.22% is fine compared to the rest of the industry. KRG outperforms 70.77% of its industry peers.
In the last couple of years the Gross Margin of KRG has remained more or less at the same level.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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
Compared to 1 year ago, KRG has a worse debt to assets ratio.
2.2 Solvency
KRG has an Altman-Z score of 0.72. This is a bad value and indicates that KRG is not financially healthy and even has some risk of bankruptcy.
KRG has a better Altman-Z score (0.72) than 65.38% 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.
With an excellent Debt to FCF ratio value of 11.07, KRG belongs to the best of the industry, outperforming 87.69% of the companies in the same industry.
KRG has a Debt/Equity ratio of 0.89. This is a neutral value indicating KRG is somewhat dependend on debt financing.
KRG has a Debt to Equity ratio of 0.89. This is in the better half 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 | 0.72 |
ROIC/WACC0.35
WACC6.7%
2.3 Liquidity
A Current Ratio of 0.90 indicates that KRG may have some problems paying its short term obligations.
The Current ratio of KRG (0.90) is comparable to the rest of the industry.
KRG has a Quick 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.
Looking at the Quick ratio, with a value of 0.90, KRG is in line with its industry, outperforming 47.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.9 | ||
| Quick Ratio | 0.9 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 338.89% over the past year.
Looking at the last year, KRG shows a small growth in Revenue. The Revenue has grown by 3.60% in the last year.
KRG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.71% yearly.
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 14.02% on average per year.
KRG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.11% yearly.
EPS Next Y80.82%
EPS Next 2Y11.89%
EPS Next 3Y14.02%
EPS Next 5YN/A
Revenue Next Year3.18%
Revenue Next 2Y2.46%
Revenue Next 3Y1.13%
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
The Price/Earnings ratio is 27.82, which means the current valuation is very expensive for KRG.
KRG's Price/Earnings ratio is a bit cheaper when compared to the industry. KRG is cheaper than 66.92% of the companies in the same industry.
When comparing the Price/Earnings ratio of KRG to the average of the S&P500 Index (27.70), we can say KRG is valued inline with the index average.
A Price/Forward Earnings ratio of 56.63 indicates a quite expensive valuation of KRG.
KRG's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.15, KRG is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.82 | ||
| Fwd PE | 56.63 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KRG indicates a somewhat cheap valuation: KRG is cheaper than 63.08% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, KRG is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.69 | ||
| EV/EBITDA | 13.13 |
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.
KRG has a very decent profitability rating, which may justify a higher PE ratio.
KRG's earnings are expected to grow with 14.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.34
PEG (5Y)N/A
EPS Next 2Y11.89%
EPS Next 3Y14.02%
5. Dividend
5.1 Amount
KRG has a Yearly Dividend Yield of 4.91%, which is a nice return.
Compared to an average industry Dividend Yield of 6.68, KRG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.44, KRG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
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.
KRG has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)-8.66%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
KRG pays out 133.65% of its income as dividend. This is not a sustainable payout ratio.
DP133.65%
EPS Next 2Y11.89%
EPS Next 3Y14.02%
21.98
-0.32 (-1.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.97%
Inst Owner Change0%
Ins Owners0.68%
Ins Owner Change-2.52%
Market Cap4.83B
Analysts75.29
Price Target26.15 (18.97%)
Short Float %4.47%
Short Ratio5.48
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.91% |
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)-1.78%
PT rev (3m)-4.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-4.34%
EPS NY rev (1m)11.74%
EPS NY rev (3m)56.34%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-0.68%
Revenue NY rev (1m)-0.45%
Revenue NY rev (3m)-0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.82 | ||
| Fwd PE | 56.63 | ||
| P/S | 5.64 | ||
| P/FCF | 17.69 | ||
| P/OCF | 11.23 | ||
| P/B | 1.46 | ||
| P/tB | 1.6 | ||
| EV/EBITDA | 13.13 |
EPS(TTM)0.79
EY3.59%
EPS(NY)0.39
Fwd EY1.77%
FCF(TTM)1.24
FCFY5.65%
OCF(TTM)1.96
OCFY8.9%
SpS3.9
BVpS15.09
TBVpS13.73
PEG (NY)0.34
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 | 0.72 |
F-Score6
WACC6.7%
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 Y80.82%
EPS Next 2Y11.89%
EPS Next 3Y14.02%
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 2Y2.46%
Revenue Next 3Y1.13%
Revenue Next 5Y4.11%
EBIT growth 1Y26.63%
EBIT growth 3Y74.13%
EBIT growth 5Y20.41%
EBIT Next Year232.26%
EBIT Next 3Y52.83%
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%