KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KRG - US49803T3005 - REIT
22.79 USD
-0.08 (-0.35%)
22.79 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. KRG has a medium profitability rating, but doesn't score so well on its financial health evaluation. KRG is not valued too expensively and it also shows a decent growth rate.
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.
Each year in the past 5 years KRG had a positive operating cash flow.
1.2 Ratios
KRG has a better Return On Assets (2.10%) than 68.75% of its industry peers.
With a decent Return On Equity value of 4.40%, KRG is doing good in 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 3.06%.
The 3 year average ROIC (1.52%) for KRG is below the current ROIC(2.44%), indicating increased profibility in the last year.
| 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.
The Operating Margin of KRG (23.03%) is comparable to the rest of the industry.
KRG's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 74.01%, KRG is doing good in the industry, outperforming 69.53% 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 | 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), KRG is destroying value.
The number of shares outstanding for KRG remains at a similar level compared to 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 0.73, we must say that KRG is in the distress zone and has some risk of bankruptcy.
KRG has a Altman-Z score of 0.73. This is in the better half of the industry: KRG outperforms 64.84% of its industry peers.
The Debt to FCF ratio of KRG is 10.47, which is on the high side as it means it would take KRG, 10.47 years of fcf income to pay off 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.
With a decent Debt to Equity ratio value of 0.93, KRG is doing good in the industry, outperforming 64.84% of the companies in the same industry.
| 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.
KRG has a worse Current ratio (0.71) 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's Quick ratio of 0.71 is on the low side compared to the rest of the industry. KRG is outperformed by 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.
KRG shows a small growth in Revenue. In the last year, the Revenue has grown by 3.33%.
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)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.
KRG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.11% yearly.
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
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 35.61.
Compared to the rest of the industry, the Price/Earnings ratio of KRG indicates a somewhat cheap valuation: KRG is cheaper than 62.50% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of KRG to the average of the S&P500 Index (25.65), we can say KRG is valued slightly more expensively.
KRG is valuated quite expensively with a Price/Forward Earnings ratio of 53.18.
KRG's Price/Forward Earnings is on the same level as the industry average.
KRG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 34.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.61 | ||
| Fwd PE | 53.18 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as KRG.
Based on the Price/Free Cash Flow ratio, KRG is valued a bit cheaper than the industry average as 78.13% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.83 | ||
| EV/EBITDA | 13.48 |
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.
A more expensive valuation may be justified as KRG's earnings are expected to grow with 16.87% in the coming years.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y17.57%
EPS Next 3Y16.87%
5. Dividend
5.1 Amount
KRG has a Yearly Dividend Yield of 4.96%, which is a nice return.
Compared to an average industry Dividend Yield of 6.59, 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 2.41.
| 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%
22.79
-0.08 (-0.35%)
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-1.13%
Ins Owners0.68%
Ins Owner Change-3.07%
Market Cap5.01B
Revenue(TTM)854.93M
Net Income(TTM)139.66M
Analysts76.47
Price Target25.69 (12.72%)
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 | 35.61 | ||
| Fwd PE | 53.18 | ||
| P/S | 5.86 | ||
| P/FCF | 17.83 | ||
| P/OCF | 11.54 | ||
| P/B | 1.58 | ||
| P/tB | 1.74 | ||
| EV/EBITDA | 13.48 |
EPS(TTM)0.64
EY2.81%
EPS(NY)0.43
Fwd EY1.88%
FCF(TTM)1.28
FCFY5.61%
OCF(TTM)1.97
OCFY8.66%
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 35.61 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.