LINEAGE INC (LINE) Stock Fundamental Analysis
NASDAQ:LINE - Nasdaq - US53566V1061 - REIT - Currency: USD
LINE gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. LINE has a bad profitability rating. Also its financial health evaluation is rather negative. LINE is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
LINE had negative earnings in the past year.
LINE had a positive operating cash flow in the past year.
1.2 Ratios
With a Return On Assets value of -3.30%, LINE is not doing good in the industry: 79.84% of the companies in the same industry are doing better.
The Return On Equity of LINE (-7.21%) is worse than 71.32% of its industry peers.
LINE has a worse Return On Invested Capital (1.31%) than 82.95% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LINE is in line with the industry average of 3.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.3% | ||
| ROE | -7.21% | ||
| ROIC | 1.31% |
ROA(3y)-1.44%
ROA(5y)N/A
ROE(3y)-3.48%
ROE(5y)N/A
ROIC(3y)1.85%
ROIC(5y)N/A
1.3 Margins
Looking at the Operating Margin, with a value of 5.43%, LINE is doing worse than 83.72% of the companies in the same industry.
In the last couple of years the Operating Margin of LINE has remained more or less at the same level.
LINE has a Gross Margin of 32.69%. This is amonst the worse of the industry: LINE underperforms 88.37% of its industry peers.
LINE's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.43% | ||
| PM (TTM) | N/A | ||
| GM | 32.69% |
OM growth 3Y0.12%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.87%
GM growth 5YN/A
2. Health
2.1 Basic Checks
LINE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for LINE has been increased compared to 1 year ago.
Compared to 1 year ago, LINE has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.78, we must say that LINE is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 0.78, LINE is doing good in the industry, outperforming 64.34% of the companies in the same industry.
The Debt to FCF ratio of LINE is 156.16, which is on the high side as it means it would take LINE, 156.16 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of LINE (156.16) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.74 indicates that LINE is somewhat dependend on debt financing.
The Debt to Equity ratio of LINE (0.74) is better than 73.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 156.16 | ||
| Altman-Z | 0.78 |
ROIC/WACC0.18
WACC7.45%
2.3 Liquidity
LINE has a Current Ratio of 0.99. This is a bad value and indicates that LINE is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.99, LINE perfoms like the industry average, outperforming 52.71% of the companies in the same industry.
A Quick Ratio of 0.86 indicates that LINE may have some problems paying its short term obligations.
LINE has a Quick ratio (0.86) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The earnings per share for LINE have decreased strongly by -887.61% in the last year.
The Revenue has decreased by -0.03% in the past year.
LINE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.99% yearly.
EPS 1Y (TTM)-887.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
Revenue 1Y (TTM)-0.03%
Revenue growth 3Y12.99%
Revenue growth 5YN/A
Sales Q2Q%-2.71%
3.2 Future
The Earnings Per Share is expected to grow by 30.17% on average over the next years. This is a very strong growth
LINE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.40% yearly.
EPS Next Y99.64%
EPS Next 2Y43.63%
EPS Next 3Y30.17%
EPS Next 5YN/A
Revenue Next Year2.41%
Revenue Next 2Y3.72%
Revenue Next 3Y4.4%
Revenue Next 5YN/A
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 negative for LINE. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 245.11, which means the current valuation is very expensive for LINE.
LINE's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of LINE to the average of the S&P500 Index (22.13), we can say LINE is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 245.11 |
4.2 Price Multiples
LINE's Enterprise Value to EBITDA is on the same level as the industry average.
LINE's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 237.96 | ||
| EV/EBITDA | 14.11 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
LINE's earnings are expected to grow with 30.17% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y43.63%
EPS Next 3Y30.17%
5. Dividend
5.1 Amount
LINE has a Yearly Dividend Yield of 4.21%, which is a nice return.
The stock price of LINE dropped by -27.09% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 6.93, LINE is paying slightly less dividend.
LINE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.21% |
5.2 History
LINE has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y43.63%
EPS Next 3Y30.17%
43.93
-0.07 (-0.16%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners33.4%
Inst Owner Change-0.13%
Ins Owners0.03%
Ins Owner Change0.08%
Market Cap10.04B
Analysts75.83
Price Target67.56 (53.79%)
Short Float %9.08%
Short Ratio4.88
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.21% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-250.96%
Min EPS beat(2)-466.27%
Max EPS beat(2)-35.66%
EPS beat(4)0
Avg EPS beat(4)-192.16%
Min EPS beat(4)-466.27%
Max EPS beat(4)-35.66%
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)0
Avg Revenue beat(2)-3.59%
Min Revenue beat(2)-5.42%
Max Revenue beat(2)-1.76%
Revenue beat(4)0
Avg Revenue beat(4)-2.62%
Min Revenue beat(4)-5.42%
Max Revenue beat(4)-1.55%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-7.12%
PT rev (3m)-14.6%
EPS NQ rev (1m)-225.04%
EPS NQ rev (3m)-106.39%
EPS NY rev (1m)-216.69%
EPS NY rev (3m)-102.35%
Revenue NQ rev (1m)-2.08%
Revenue NQ rev (3m)-2.85%
Revenue NY rev (1m)-0.87%
Revenue NY rev (3m)-1.38%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 245.11 | ||
| P/S | 1.89 | ||
| P/FCF | 237.96 | ||
| P/OCF | 13.63 | ||
| P/B | 1.17 | ||
| P/tB | 2.45 | ||
| EV/EBITDA | 14.11 |
EPS(TTM)-3.31
EYN/A
EPS(NY)0.18
Fwd EY0.41%
FCF(TTM)0.18
FCFY0.42%
OCF(TTM)3.22
OCFY7.34%
SpS23.2
BVpS37.56
TBVpS17.9
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.3% | ||
| ROE | -7.21% | ||
| ROCE | 1.66% | ||
| ROIC | 1.31% | ||
| ROICexc | 1.33% | ||
| ROICexgc | 1.8% | ||
| OM | 5.43% | ||
| PM (TTM) | N/A | ||
| GM | 32.69% | ||
| FCFM | 0.8% |
ROA(3y)-1.44%
ROA(5y)N/A
ROE(3y)-3.48%
ROE(5y)N/A
ROIC(3y)1.85%
ROIC(5y)N/A
ROICexc(3y)1.86%
ROICexc(5y)N/A
ROICexgc(3y)2.54%
ROICexgc(5y)N/A
ROCE(3y)2.34%
ROCE(5y)N/A
ROICexcg growth 3Y8.4%
ROICexcg growth 5YN/A
ROICexc growth 3Y8.9%
ROICexc growth 5YN/A
OM growth 3Y0.12%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.87%
GM growth 5YN/A
F-Score4
Asset Turnover0.28
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 156.16 | ||
| Debt/EBITDA | 5.47 | ||
| Cap/Depr | 79.2% | ||
| Cap/Sales | 13.09% | ||
| Interest Coverage | 0.64 | ||
| Cash Conversion | 63.24% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.86 | ||
| Altman-Z | 0.78 |
F-Score4
WACC7.45%
ROIC/WACC0.18
Cap/Depr(3y)99.91%
Cap/Depr(5y)N/A
Cap/Sales(3y)14.59%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-887.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100%
EPS Next Y99.64%
EPS Next 2Y43.63%
EPS Next 3Y30.17%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.03%
Revenue growth 3Y12.99%
Revenue growth 5YN/A
Sales Q2Q%-2.71%
Revenue Next Year2.41%
Revenue Next 2Y3.72%
Revenue Next 3Y4.4%
Revenue Next 5YN/A
EBIT growth 1Y-29.21%
EBIT growth 3Y13.12%
EBIT growth 5YN/A
EBIT Next Year396.93%
EBIT Next 3Y79.34%
EBIT Next 5YN/A
FCF growth 1Y-59.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-11.58%
OCF growth 3Y28.68%
OCF growth 5YN/A