KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KRG - US49803T3005 - REIT
23.37 USD
-0.01 (-0.04%)
23.37 USD
0 (0%)
KRG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 126 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 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.
In the past year KRG had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: KRG reported negative net income in multiple years.
KRG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
KRG has a Return On Assets of 2.10%. This is in the better half of the industry: KRG outperforms 65.87% of its industry peers.
KRG's Return On Equity of 4.40% is fine compared to the rest of the industry. KRG outperforms 62.70% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.44%, KRG is in line with its industry, outperforming 46.03% of the companies in the same industry.
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 63.49% of the companies in the same industry.
KRG has a Operating Margin (23.03%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of KRG has remained more or less at the same level.
KRG's Gross Margin of 74.01% is fine compared to the rest of the industry. KRG outperforms 69.05% 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.
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.
KRG has a worse debt/assets ratio than last year.
2.2 Solvency
KRG has an Altman-Z score of 0.74. This is a bad value and indicates that KRG is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of KRG (0.74) is better than 65.08% 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.
The Debt to FCF ratio of KRG (10.47) is better than 91.27% of its industry peers.
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 65.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 10.47 | ||
| Altman-Z | 0.74 |
ROIC/WACC0.36
WACC6.79%
2.3 Liquidity
A Current Ratio of 0.71 indicates that KRG may have some problems paying its short term obligations.
The Current ratio of KRG (0.71) is worse than 66.67% of its industry peers.
A Quick Ratio of 0.71 indicates that KRG may have some problems paying its short term obligations.
With a Quick ratio value of 0.71, KRG is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
| 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.
KRG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.71% yearly.
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
KRG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.24% yearly.
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
Based on the Price/Earnings ratio of 36.52, the valuation of KRG can be described as expensive.
KRG's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.25, KRG is valued a bit more expensive.
With a Price/Forward Earnings ratio of 61.43, KRG can be considered very expensive at the moment.
KRG's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.98, KRG is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.52 | ||
| Fwd PE | 61.43 |
4.2 Price Multiples
62.70% of the companies in the same industry are more expensive than KRG, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, KRG is valued cheaply inside the industry as 80.95% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.01 | ||
| EV/EBITDA | 13.54 |
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.
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 12.24% in the coming years.
PEG (NY)0.49
PEG (5Y)N/A
EPS Next 2Y10.78%
EPS Next 3Y12.24%
5. Dividend
5.1 Amount
KRG has a Yearly Dividend Yield of 3.59%. Purely for dividend investing, there may be better candidates out there.
KRG's Dividend Yield is slightly below the industry average, which is at 6.86.
KRG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
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 2Y10.78%
EPS Next 3Y12.24%
23.37
-0.01 (-0.04%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners105.96%
Inst Owner Change0.09%
Ins Owners0.69%
Ins Owner Change-2.38%
Market Cap5.06B
Revenue(TTM)854.93M
Net Income(TTM)139.66M
Analysts74.12
Price Target26.43 (13.09%)
Short Float %6.56%
Short Ratio7.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.59% |
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)1.06%
EPS NQ rev (1m)-0.89%
EPS NQ rev (3m)11%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.52 | ||
| Fwd PE | 61.43 | ||
| P/S | 5.92 | ||
| P/FCF | 18.01 | ||
| P/OCF | 11.66 | ||
| P/B | 1.59 | ||
| P/tB | 1.75 | ||
| EV/EBITDA | 13.54 |
EPS(TTM)0.64
EY2.74%
EPS(NY)0.38
Fwd EY1.63%
FCF(TTM)1.3
FCFY5.55%
OCF(TTM)2
OCFY8.58%
SpS3.95
BVpS14.65
TBVpS13.33
PEG (NY)0.49
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 | 0.74 |
F-Score7
WACC6.79%
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 Year224.55%
EBIT Next 3Y50.29%
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 for KRG stock?
ChartMill assigns a valuation rating of 5 / 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 financial health of KITE REALTY GROUP TRUST (KRG) stock?
The financial health rating of KITE REALTY GROUP TRUST (KRG) is 3 / 10.
Can you provide the dividend sustainability for KRG stock?
The dividend rating of KITE REALTY GROUP TRUST (KRG) is 4 / 10 and the dividend payout ratio is 168.35%.