MARCUS & MILLICHAP INC (MMI) Stock Fundamental Analysis
USA - NYSE:MMI - US5663241090 - Common Stock
29.03 USD
-0.22 (-0.75%)
29.03 USD
0 (0%)
Overall MMI gets a fundamental rating of 5 out of 10. We evaluated MMI against 63 industry peers in the Real Estate Management & Development industry. No worries on liquidiy or solvency for MMI as it has an excellent financial health rating, but there are worries on the profitability. MMI is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
MMI had negative earnings in the past year.
MMI had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: MMI reported negative net income in multiple years.
MMI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MMI has a Return On Assets (-1.55%) which is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of -2.02%, MMI is in line with its industry, outperforming 49.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.55% | ||
| ROE | -2.02% | ||
| ROIC | N/A |
ROA(3y)1.7%
ROA(5y)4.84%
ROE(3y)2.46%
ROE(5y)7.13%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Gross Margin of MMI (37.80%) is better than 66.67% of its industry peers.
In the last couple of years the Gross Margin of MMI has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for MMI so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 37.8% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.61%
GM growth 5Y-0.07%
2. Health
2.1 Basic Checks
MMI does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for MMI has been increased compared to 1 year ago.
MMI has less shares outstanding than it did 5 years ago.
MMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 5.57 indicates that MMI is not in any danger for bankruptcy at the moment.
MMI has a better Altman-Z score (5.57) than 79.37% of its industry peers.
There is no outstanding debt for MMI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 5.57 |
ROIC/WACCN/A
WACC8.75%
2.3 Liquidity
MMI has a Current Ratio of 3.47. This indicates that MMI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of MMI (3.47) is better than 76.19% of its industry peers.
MMI has a Quick Ratio of 3.47. This indicates that MMI is financially healthy and has no problem in meeting its short term obligations.
MMI has a better Quick ratio (3.47) than 79.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.47 | ||
| Quick Ratio | 3.47 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 90.12% over the past year.
The Revenue has been growing slightly by 7.76% in the past year.
The Revenue has been decreasing by -2.90% on average over the past years.
EPS 1Y (TTM)90.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%164.29%
Revenue 1Y (TTM)7.76%
Revenue growth 3Y-18.72%
Revenue growth 5Y-2.9%
Sales Q2Q%15.06%
3.2 Future
Based on estimates for the next years, MMI will show a very strong growth in Earnings Per Share. The EPS will grow by 80.84% on average per year.
MMI is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 20.20% yearly.
EPS Next Y46.82%
EPS Next 2Y95.92%
EPS Next 3Y80.84%
EPS Next 5YN/A
Revenue Next Year16.55%
Revenue Next 2Y16.44%
Revenue Next 3Y20.2%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for MMI. In the last year negative earnings were reported.
With a Price/Forward Earnings ratio of 49.34, MMI can be considered very expensive at the moment.
71.43% of the companies in the same industry are more expensive than MMI, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, MMI is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 49.34 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MMI indicates a somewhat cheap valuation: MMI is cheaper than 69.84% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.04 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
MMI's earnings are expected to grow with 80.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y95.92%
EPS Next 3Y80.84%
5. Dividend
5.1 Amount
MMI has a Yearly Dividend Yield of 1.65%. Purely for dividend investing, there may be better candidates out there.
MMI's Dividend Yield is rather good when compared to the industry average which is at 3.44. MMI pays more dividend than 85.71% of the companies in the same industry.
MMI's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
5.2 History
MMI has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of MMI are negative and hence is the payout ratio. MMI will probably not be able to sustain this dividend level.
DP-166.47%
EPS Next 2Y95.92%
EPS Next 3Y80.84%
29.03
-0.22 (-0.75%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners97.35%
Inst Owner Change2.49%
Ins Owners3.49%
Ins Owner Change0.12%
Market Cap1.13B
Revenue(TTM)696.06M
Net Income(TTM)-12.29M
Analysts44.44
Price Target29.58 (1.89%)
Short Float %1.1%
Short Ratio3.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
Yearly Dividend0.52
Dividend Growth(5Y)N/A
DP-166.47%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-76.2%
Min EPS beat(2)-184.34%
Max EPS beat(2)31.93%
EPS beat(4)3
Avg EPS beat(4)265.94%
Min EPS beat(4)-184.34%
Max EPS beat(4)1189.11%
EPS beat(8)7
Avg EPS beat(8)136.57%
EPS beat(12)10
Avg EPS beat(12)92.15%
EPS beat(16)14
Avg EPS beat(16)83.66%
Revenue beat(2)2
Avg Revenue beat(2)1.23%
Min Revenue beat(2)0.04%
Max Revenue beat(2)2.43%
Revenue beat(4)4
Avg Revenue beat(4)6.28%
Min Revenue beat(4)0.04%
Max Revenue beat(4)18.97%
Revenue beat(8)5
Avg Revenue beat(8)2.05%
Revenue beat(12)6
Avg Revenue beat(12)1.39%
Revenue beat(16)9
Avg Revenue beat(16)7.21%
PT rev (1m)-3.33%
PT rev (3m)-3.33%
EPS NQ rev (1m)114.75%
EPS NQ rev (3m)121.95%
EPS NY rev (1m)-9.77%
EPS NY rev (3m)-180.83%
Revenue NQ rev (1m)3.36%
Revenue NQ rev (3m)0.99%
Revenue NY rev (1m)1.27%
Revenue NY rev (3m)-1.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 49.34 | ||
| P/S | 1.56 | ||
| P/FCF | 34.04 | ||
| P/OCF | 28.26 | ||
| P/B | 1.86 | ||
| P/tB | 2 | ||
| EV/EBITDA | N/A |
EPS(TTM)-0.08
EYN/A
EPS(NY)0.59
Fwd EY2.03%
FCF(TTM)0.85
FCFY2.94%
OCF(TTM)1.03
OCFY3.54%
SpS18.61
BVpS15.58
TBVpS14.49
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.55% | ||
| ROE | -2.02% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 37.8% | ||
| FCFM | 4.58% |
ROA(3y)1.7%
ROA(5y)4.84%
ROE(3y)2.46%
ROE(5y)7.13%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.61%
GM growth 5Y-0.07%
F-Score7
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 42.94% | ||
| Cap/Sales | 0.94% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.47 | ||
| Quick Ratio | 3.47 | ||
| Altman-Z | 5.57 |
F-Score7
WACC8.75%
ROIC/WACCN/A
Cap/Depr(3y)67.84%
Cap/Depr(5y)65.16%
Cap/Sales(3y)1.16%
Cap/Sales(5y)1%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)90.12%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%164.29%
EPS Next Y46.82%
EPS Next 2Y95.92%
EPS Next 3Y80.84%
EPS Next 5YN/A
Revenue 1Y (TTM)7.76%
Revenue growth 3Y-18.72%
Revenue growth 5Y-2.9%
Sales Q2Q%15.06%
Revenue Next Year16.55%
Revenue Next 2Y16.44%
Revenue Next 3Y20.2%
Revenue Next 5YN/A
EBIT growth 1Y48.12%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year99%
EBIT Next 3Y53.19%
EBIT Next 5YN/A
FCF growth 1Y179.96%
FCF growth 3Y-61.84%
FCF growth 5Y-3.45%
OCF growth 1Y236.27%
OCF growth 3Y-56.06%
OCF growth 5Y-3.01%
MARCUS & MILLICHAP INC / MMI FAQ
What is the ChartMill fundamental rating of MARCUS & MILLICHAP INC (MMI) stock?
ChartMill assigns a fundamental rating of 5 / 10 to MMI.
What is the valuation status for MMI stock?
ChartMill assigns a valuation rating of 3 / 10 to MARCUS & MILLICHAP INC (MMI). This can be considered as Overvalued.
What is the profitability of MMI stock?
MARCUS & MILLICHAP INC (MMI) has a profitability rating of 2 / 10.
Can you provide the expected EPS growth for MMI stock?
The Earnings per Share (EPS) of MARCUS & MILLICHAP INC (MMI) is expected to grow by 46.82% in the next year.
Is the dividend of MARCUS & MILLICHAP INC sustainable?
The dividend rating of MARCUS & MILLICHAP INC (MMI) is 2 / 10 and the dividend payout ratio is -166.47%.