KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
NYSE:KRG - New York Stock Exchange, Inc. - US49803T3005 - REIT - Currency: USD
Overall KRG gets a fundamental rating of 4 out of 10. We evaluated KRG against 129 industry peers in the Diversified REITs industry. There are concerns on the financial health of KRG while its profitability can be described as average. While showing a medium growth rate, KRG is valued expensive at the moment.
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.
Each year in the past 5 years KRG had a positive operating cash flow.
1.2 Ratios
KRG's Return On Assets of 0.20% is in line compared to the rest of the industry. KRG outperforms 42.64% of its industry peers.
With a Return On Equity value of 0.42%, KRG perfoms like the industry average, outperforming 42.64% of the companies in the same industry.
With a Return On Invested Capital value of 2.39%, KRG perfoms like the industry average, outperforming 43.41% of the companies in the same 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 3.15%.
The 3 year average ROIC (1.52%) for KRG is below the current ROIC(2.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.42% | ||
| ROIC | 2.39% |
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 Profit Margin value of 1.59%, KRG perfoms like the industry average, outperforming 43.41% of the companies in the same industry.
KRG has a Operating Margin (22.48%) which is in line with its industry peers.
In the last couple of years the Operating Margin of KRG has remained more or less at the same level.
With a decent Gross Margin value of 74.25%, KRG is doing good in the industry, outperforming 70.54% of the companies in the same industry.
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 | 22.48% | ||
| PM (TTM) | 1.59% | ||
| GM | 74.25% |
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
KRG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
KRG has about the same amout of shares outstanding than it did 1 year ago.
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
Based on the Altman-Z score of 0.69, we must say that KRG is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.69, KRG is in the better half of the industry, outperforming 63.57% of the companies in the same industry.
KRG has a debt to FCF ratio of 9.95. This is a negative value and a sign of low solvency as KRG would need 9.95 years to pay back of all of its debts.
KRG has a better Debt to FCF ratio (9.95) than 93.02% of its industry peers.
A Debt/Equity ratio of 0.86 indicates that KRG is somewhat dependend on debt financing.
KRG's Debt to Equity ratio of 0.86 is fine compared to the rest of the industry. KRG outperforms 68.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 9.95 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.34
WACC7.09%
2.3 Liquidity
A Current Ratio of 0.53 indicates that KRG may have some problems paying its short term obligations.
KRG's Current ratio of 0.53 is on the low side compared to the rest of the industry. KRG is outperformed by 78.29% of its industry peers.
KRG has a Quick Ratio of 0.53. This is a bad value and indicates that KRG is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.53, KRG is not doing good in the industry: 77.52% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 48.00% over the past year.
Looking at the last year, KRG shows a small growth in Revenue. The Revenue has grown by 3.94% in the last year.
Measured over the past years, KRG shows a very strong growth in Revenue. The Revenue has been growing by 21.71% on average per year.
EPS 1Y (TTM)48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%120%
Revenue 1Y (TTM)3.94%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%6.7%
3.2 Future
The Earnings Per Share is expected to grow by 23.16% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 3.65% on average over the next years.
EPS Next Y16.21%
EPS Next 2Y20.27%
EPS Next 3Y23.16%
EPS Next 5YN/A
Revenue Next Year2.31%
Revenue Next 2Y2.98%
Revenue Next 3Y3.18%
Revenue Next 5Y3.65%
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 57.81, KRG can be considered very expensive at the moment.
KRG's Price/Earnings ratio is in line with the industry average.
KRG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 25.91.
With a Price/Forward Earnings ratio of 47.70, 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 21.85. KRG is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.81 | ||
| Fwd PE | 47.7 |
4.2 Price Multiples
KRG's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, KRG is valued cheaply inside the industry as 81.40% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.08 | ||
| EV/EBITDA | 12.91 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KRG does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as KRG's earnings are expected to grow with 23.16% in the coming years.
PEG (NY)3.57
PEG (5Y)N/A
EPS Next 2Y20.27%
EPS Next 3Y23.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.68%, KRG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.61, KRG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, KRG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.68% |
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 last 3 years.
Dividend Growth(5Y)-8.66%
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
KRG pays out 1658.04% of its income as dividend. This is not a sustainable payout ratio.
DP1658.04%
EPS Next 2Y20.27%
EPS Next 3Y23.16%
21.39
-0.19 (-0.88%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.96%
Inst Owner Change0.25%
Ins Owners0.66%
Ins Owner Change-0.58%
Market Cap4.70B
Analysts77.33
Price Target27.41 (28.14%)
Short Float %3.88%
Short Ratio3.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.68% |
Yearly Dividend1.01
Dividend Growth(5Y)-8.66%
DP1658.04%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.98%
Min EPS beat(2)3.14%
Max EPS beat(2)32.82%
EPS beat(4)4
Avg EPS beat(4)20.28%
Min EPS beat(4)3.14%
Max EPS beat(4)32.82%
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)2
Avg Revenue beat(2)2.89%
Min Revenue beat(2)1.96%
Max Revenue beat(2)3.83%
Revenue beat(4)2
Avg Revenue beat(4)0.91%
Min Revenue beat(4)-1.84%
Max Revenue beat(4)3.83%
Revenue beat(8)5
Avg Revenue beat(8)0.39%
Revenue beat(12)9
Avg Revenue beat(12)1.26%
Revenue beat(16)13
Avg Revenue beat(16)2.13%
PT rev (1m)-2.47%
PT rev (3m)-10.75%
EPS NQ rev (1m)3.18%
EPS NQ rev (3m)0%
EPS NY rev (1m)2.49%
EPS NY rev (3m)-3.6%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)-0.71%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.81 | ||
| Fwd PE | 47.7 | ||
| P/S | 5.49 | ||
| P/FCF | 16.08 | ||
| P/OCF | 10.7 | ||
| P/B | 1.44 | ||
| P/tB | 1.6 | ||
| EV/EBITDA | 12.91 |
EPS(TTM)0.37
EY1.73%
EPS(NY)0.45
Fwd EY2.1%
FCF(TTM)1.33
FCFY6.22%
OCF(TTM)2
OCFY9.35%
SpS3.9
BVpS14.87
TBVpS13.39
PEG (NY)3.57
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.2% | ||
| ROE | 0.42% | ||
| ROCE | 3.03% | ||
| ROIC | 2.39% | ||
| ROICexc | 2.41% | ||
| ROICexgc | 2.54% | ||
| OM | 22.48% | ||
| PM (TTM) | 1.59% | ||
| GM | 74.25% | ||
| FCFM | 34.15% |
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 Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 9.95 | ||
| Debt/EBITDA | 4.8 | ||
| Cap/Depr | 37.1% | ||
| Cap/Sales | 17.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.62% | ||
| Profit Quality | 2142.87% | ||
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 0.69 |
F-Score6
WACC7.09%
ROIC/WACC0.34
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)48%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%120%
EPS Next Y16.21%
EPS Next 2Y20.27%
EPS Next 3Y23.16%
EPS Next 5YN/A
Revenue 1Y (TTM)3.94%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%6.7%
Revenue Next Year2.31%
Revenue Next 2Y2.98%
Revenue Next 3Y3.18%
Revenue Next 5Y3.65%
EBIT growth 1Y38.54%
EBIT growth 3Y74.13%
EBIT growth 5Y20.41%
EBIT Next Year230.94%
EBIT Next 3Y52.92%
EBIT Next 5Y38.33%
FCF growth 1Y33.21%
FCF growth 3Y86.16%
FCF growth 5Y26.84%
OCF growth 1Y11.75%
OCF growth 3Y61%
OCF growth 5Y24.87%