KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KRG - US49803T3005 - REIT
22.87 USD
+0.68 (+3.06%)
22.87 USD
0 (0%)
Overall KRG gets a fundamental rating of 5 out of 10. We evaluated KRG against 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
KRG had positive earnings in the past year.
KRG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: KRG reported negative net income in multiple years.
Each year in the past 5 years KRG had a positive operating cash flow.
1.2 Ratios
KRG has a Return On Assets of 2.10%. This is in the better half of the industry: KRG outperforms 68.75% of its industry peers.
Looking at the Return On Equity, with a value of 4.40%, KRG is in the better half of the industry, outperforming 64.84% of the companies in the same industry.
KRG has a Return On Invested Capital of 2.44%. This is comparable to the rest of the industry: KRG outperforms 45.31% of its industry peers.
The Average Return On Invested Capital over the past 3 years for KRG is in line with the industry average of 3.04%.
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
With a decent Profit Margin value of 16.34%, KRG is doing good in the industry, outperforming 67.19% of the companies in the same industry.
With a Operating Margin value of 23.03%, KRG perfoms like the industry average, outperforming 50.78% of the companies in the same industry.
KRG's Operating Margin has been stable in the last couple of years.
KRG has a Gross Margin of 74.01%. This is in the better half of the industry: KRG outperforms 69.53% of its industry peers.
KRG's Gross Margin has been stable in the last couple of years.
| 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.
Compared to 1 year ago, KRG has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.73, we must say that KRG is in the distress zone and has some risk of bankruptcy.
KRG has a better Altman-Z score (0.73) than 64.84% 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.
KRG's Debt to FCF ratio of 10.47 is amongst the best of the industry. KRG outperforms 90.63% of its industry peers.
A Debt/Equity ratio of 0.93 indicates that KRG is somewhat dependend on debt financing.
KRG has a better Debt to Equity ratio (0.93) than 64.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 10.47 | ||
| Altman-Z | 0.73 |
ROIC/WACC0.36
WACC6.71%
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.
The Current ratio of KRG (0.71) is worse than 68.75% of its industry peers.
A Quick Ratio of 0.71 indicates that KRG may have some problems paying its short term obligations.
KRG has a worse Quick ratio (0.71) than 66.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 156.00% over the past year.
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 16.87% on average over the next years. This is quite good.
The Revenue is expected to grow by 4.11% on average over the next years.
EPS Next Y84.31%
EPS Next 2Y17.57%
EPS Next 3Y16.87%
EPS Next 5YN/A
Revenue Next Year3.18%
Revenue Next 2Y2.46%
Revenue Next 3Y0.98%
Revenue Next 5Y4.11%
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
With a Price/Earnings ratio of 35.73, KRG can be considered very expensive at the moment.
Based on the Price/Earnings ratio, KRG is valued a bit cheaper than the industry average as 62.50% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 25.45. KRG is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 53.37, KRG can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as KRG.
The average S&P500 Price/Forward Earnings ratio is at 34.46. KRG is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.73 | ||
| Fwd PE | 53.37 |
4.2 Price Multiples
KRG's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KRG indicates a somewhat cheap valuation: KRG is cheaper than 78.13% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.9 | ||
| EV/EBITDA | 13.48 |
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.
The decent profitability rating of KRG may justify a higher PE ratio.
KRG's earnings are expected to grow with 16.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y17.57%
EPS Next 3Y16.87%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.96%, 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 2.42, KRG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.96% |
5.2 History
The dividend of KRG decreases each year by -8.66%.
KRG has paid a dividend for at least 10 years, which is 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
168.35% of the earnings are spent on dividend by KRG. This is not a sustainable payout ratio.
DP168.35%
EPS Next 2Y17.57%
EPS Next 3Y16.87%
22.87
+0.68 (+3.06%)
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 Change-89.22%
Ins Owners0.68%
Ins Owner Change-3.07%
Market Cap5.03B
Revenue(TTM)854.93M
Net Income(TTM)139.66M
Analysts76.47
Price Target25.69 (12.33%)
Short Float %5.74%
Short Ratio6.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.96% |
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)-1.77%
PT rev (3m)-3.52%
EPS NQ rev (1m)10.63%
EPS NQ rev (3m)-3.51%
EPS NY rev (1m)-2.46%
EPS NY rev (3m)13.9%
Revenue NQ rev (1m)-0.58%
Revenue NQ rev (3m)-2.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.45%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.73 | ||
| Fwd PE | 53.37 | ||
| P/S | 5.88 | ||
| P/FCF | 17.9 | ||
| P/OCF | 11.58 | ||
| P/B | 1.58 | ||
| P/tB | 1.74 | ||
| EV/EBITDA | 13.48 |
EPS(TTM)0.64
EY2.8%
EPS(NY)0.43
Fwd EY1.87%
FCF(TTM)1.28
FCFY5.59%
OCF(TTM)1.97
OCFY8.63%
SpS3.89
BVpS14.43
TBVpS13.12
PEG (NY)0.42
PEG (5Y)N/A
Graham Number14.42
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 | 0.73 |
F-Score7
WACC6.71%
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 Y84.31%
EPS Next 2Y17.57%
EPS Next 3Y16.87%
EPS Next 5YN/A
Revenue 1Y (TTM)3.33%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%-1.06%
Revenue Next Year3.18%
Revenue Next 2Y2.46%
Revenue Next 3Y0.98%
Revenue Next 5Y4.11%
EBIT growth 1Y19.81%
EBIT growth 3Y74.13%
EBIT growth 5Y20.41%
EBIT Next Year232.26%
EBIT Next 3Y52.83%
EBIT Next 5Y38.86%
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 35.73 and the Price/Book (PB) ratio is 1.58.
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 84.31% in the next year.