KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KRG - US49803T3005 - REIT
22.16 USD
-0.48 (-2.12%)
22.16 USD
0 (0%)
Taking everything into account, KRG scores 5 out of 10 in our fundamental rating. KRG was compared to 128 industry peers in the Diversified REITs industry. While KRG is still in line with the averages on profitability rating, there are concerns on its financial health. KRG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year KRG was profitable.
In the past year KRG had a positive cash flow from operations.
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 2.10%, KRG is doing good in the industry, outperforming 65.63% of the companies in the same industry.
KRG has a Return On Equity of 4.40%. This is in the better half of the industry: KRG outperforms 61.72% of its industry peers.
KRG has a Return On Invested Capital (2.44%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for KRG is in line with the industry average of 3.05%.
The last Return On Invested Capital (2.44%) for KRG is above the 3 year average (1.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 4.4% | ||
| ROIC | 2.44% |
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 (16.34%) than 63.28% of its industry peers.
KRG has a Operating Margin of 23.03%. This is comparable to the rest of the industry: KRG outperforms 50.78% of its industry peers.
KRG's Operating Margin has been stable in the last couple of years.
The Gross Margin of KRG (74.01%) is better than 68.75% 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 | 23.03% | ||
| PM (TTM) | 16.34% | ||
| GM | 74.01% |
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.
KRG has about the same amout of shares outstanding than it did 1 year ago.
KRG has more shares outstanding than it did 5 years ago.
The debt/assets ratio for KRG is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.71, we must say that KRG is in the distress zone and has some risk of bankruptcy.
KRG has a better Altman-Z score (0.71) than 64.06% of its industry peers.
KRG has a debt to FCF ratio of 10.47. This is a negative value and a sign of low solvency as KRG would need 10.47 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.47, KRG belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
KRG has a Debt/Equity ratio of 0.93. This is a neutral value indicating KRG is somewhat dependend on debt financing.
KRG's Debt to Equity ratio of 0.93 is fine compared to the rest of the industry. KRG outperforms 64.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 10.47 | ||
| Altman-Z | 0.71 |
ROIC/WACC0.36
WACC6.7%
2.3 Liquidity
KRG has a Current Ratio of 0.71. This is a bad value and indicates that KRG is not financially healthy enough and could expect problems in meeting its short term obligations.
KRG has a Current ratio of 0.71. This is in the lower half of the industry: KRG underperforms 67.97% of its industry peers.
KRG has a Quick Ratio of 0.71. 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 0.71, KRG is doing worse than 65.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
KRG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 156.00%, which is quite impressive.
The Revenue has been growing slightly by 3.33% in the past year.
The Revenue has been growing by 21.71% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)156%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-187.5%
Revenue 1Y (TTM)3.33%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%-1.06%
3.2 Future
The Earnings Per Share is expected to grow by 12.24% on average over the next years. This is quite good.
The Revenue is expected to grow by 2.64% on average over the next years.
EPS Next Y74.31%
EPS Next 2Y10.78%
EPS Next 3Y12.24%
EPS Next 5YN/A
Revenue Next Year2.12%
Revenue Next 2Y0.46%
Revenue Next 3Y-0.76%
Revenue Next 5Y2.64%
3.3 Evolution
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 34.63, which means the current valuation is very expensive for KRG.
KRG's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.34. KRG is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 58.25, KRG can be considered very expensive at the moment.
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 23.56, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.63 | ||
| Fwd PE | 58.25 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KRG is valued a bit cheaper than the industry average as 61.72% of the companies are valued more expensively.
78.91% of the companies in the same industry are more expensive than KRG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.08 | ||
| EV/EBITDA | 13.26 |
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 12.24% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.47
PEG (5Y)N/A
EPS Next 2Y10.78%
EPS Next 3Y12.24%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.86%, KRG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.59, KRG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, KRG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.86% |
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
168.35% of the earnings are spent on dividend by KRG. This is not a sustainable payout ratio.
DP168.35%
EPS Next 2Y10.78%
EPS Next 3Y12.24%
22.16
-0.48 (-2.12%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners103.43%
Inst Owner Change-1.13%
Ins Owners0.69%
Ins Owner Change-3.07%
Market Cap4.80B
Revenue(TTM)854.93M
Net Income(TTM)139.66M
Analysts74.12
Price Target26.33 (18.82%)
Short Float %5.84%
Short Ratio7.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.86% |
Yearly Dividend1.01
Dividend Growth(5Y)-8.66%
DP168.35%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)195.99%
Min EPS beat(2)-201.07%
Max EPS beat(2)593.05%
EPS beat(4)3
Avg EPS beat(4)106.98%
Min EPS beat(4)-201.07%
Max EPS beat(4)593.05%
EPS beat(8)7
Avg EPS beat(8)90.24%
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)0
Avg Revenue beat(2)-2.07%
Min Revenue beat(2)-3.56%
Max Revenue beat(2)-0.59%
Revenue beat(4)2
Avg Revenue beat(4)0.41%
Min Revenue beat(4)-3.56%
Max Revenue beat(4)3.83%
Revenue beat(8)3
Avg Revenue beat(8)-0.52%
Revenue beat(12)7
Avg Revenue beat(12)0.24%
Revenue beat(16)11
Avg Revenue beat(16)1.51%
PT rev (1m)0.35%
PT rev (3m)-1.08%
EPS NQ rev (1m)3.7%
EPS NQ rev (3m)7.68%
EPS NY rev (1m)-5.43%
EPS NY rev (3m)7.72%
Revenue NQ rev (1m)-2.23%
Revenue NQ rev (3m)-2.27%
Revenue NY rev (1m)-1.03%
Revenue NY rev (3m)-1.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.63 | ||
| Fwd PE | 58.25 | ||
| P/S | 5.61 | ||
| P/FCF | 17.08 | ||
| P/OCF | 11.05 | ||
| P/B | 1.51 | ||
| P/tB | 1.66 | ||
| EV/EBITDA | 13.26 |
EPS(TTM)0.64
EY2.89%
EPS(NY)0.38
Fwd EY1.72%
FCF(TTM)1.3
FCFY5.86%
OCF(TTM)2
OCFY9.05%
SpS3.95
BVpS14.65
TBVpS13.33
PEG (NY)0.47
PEG (5Y)N/A
Graham Number14.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 4.4% | ||
| ROCE | 3.09% | ||
| ROIC | 2.44% | ||
| ROICexc | 2.47% | ||
| ROICexgc | 2.59% | ||
| OM | 23.03% | ||
| PM (TTM) | 16.34% | ||
| GM | 74.01% | ||
| FCFM | 32.87% |
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%
ROICexgc growth 3Y86.98%
ROICexgc 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-Score7
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 10.47 | ||
| Debt/EBITDA | 5.02 | ||
| Cap/Depr | 39.32% | ||
| Cap/Sales | 17.91% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.05% | ||
| Profit Quality | 201.18% | ||
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 0.71 |
F-Score7
WACC6.7%
ROIC/WACC0.36
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)156%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-187.5%
EPS Next Y74.31%
EPS Next 2Y10.78%
EPS Next 3Y12.24%
EPS Next 5YN/A
Revenue 1Y (TTM)3.33%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%-1.06%
Revenue Next Year2.12%
Revenue Next 2Y0.46%
Revenue Next 3Y-0.76%
Revenue Next 5Y2.64%
EBIT growth 1Y19.81%
EBIT growth 3Y74.13%
EBIT growth 5Y20.41%
EBIT Next Year224.46%
EBIT Next 3Y50.32%
EBIT Next 5Y36.77%
FCF growth 1Y9.16%
FCF growth 3Y86.16%
FCF growth 5Y26.84%
OCF growth 1Y6.36%
OCF growth 3Y61%
OCF growth 5Y24.87%
KITE REALTY GROUP TRUST / KRG FAQ
Can you provide the ChartMill fundamental rating for KITE REALTY GROUP TRUST?
ChartMill assigns a fundamental rating of 5 / 10 to KRG.
What is the valuation status of KITE REALTY GROUP TRUST (KRG) stock?
ChartMill assigns a valuation rating of 4 / 10 to KITE REALTY GROUP TRUST (KRG). This can be considered as Fairly Valued.
How profitable is KITE REALTY GROUP TRUST (KRG) stock?
KITE REALTY GROUP TRUST (KRG) has a profitability rating of 6 / 10.
What is the valuation of KITE REALTY GROUP TRUST based on its PE and PB ratios?
The Price/Earnings (PE) ratio for KITE REALTY GROUP TRUST (KRG) is 34.63 and the Price/Book (PB) ratio is 1.51.
What is the earnings growth outlook for KITE REALTY GROUP TRUST?
The Earnings per Share (EPS) of KITE REALTY GROUP TRUST (KRG) is expected to grow by 74.31% in the next year.