MARCUS & MILLICHAP INC (MMI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MMI - US5663241090 - Common Stock
27.54 USD
-0.3 (-1.08%)
27.54 USD
0 (0%)
MMI gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 63 industry peers in the Real Estate Management & Development industry. While MMI has a great health rating, there are worries on its profitability. MMI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year MMI has reported negative net income.
In the past year MMI had a positive cash flow from operations.
In multiple years MMI reported negative net income over the last 5 years.
MMI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
MMI has a Return On Assets of -0.82%. This is comparable to the rest of the industry: MMI outperforms 45.31% of its industry peers.
MMI's Return On Equity of -1.11% is in line compared to the rest of the industry. MMI outperforms 51.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.82% | ||
| ROE | -1.11% | ||
| 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 (37.74%) is better than 65.63% of its industry peers.
MMI's Gross Margin has been stable in the last couple of years.
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 | 37.74% |
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.
Compared to 1 year ago, MMI has more shares outstanding
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
MMI has an Altman-Z score of 4.90. This indicates that MMI is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.90, MMI belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
MMI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 4.9 |
ROIC/WACCN/A
WACC8.78%
2.3 Liquidity
MMI has a Current Ratio of 2.74. This indicates that MMI is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of MMI (2.74) is better than 70.31% of its industry peers.
MMI has a Quick Ratio of 2.74. This indicates that MMI is financially healthy and has no problem in meeting its short term obligations.
MMI has a better Quick ratio (2.74) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.74 | ||
| Quick Ratio | 2.74 |
3. Growth
3.1 Past
MMI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 80.25%, which is quite impressive.
Looking at the last year, MMI shows a very strong growth in Revenue. The Revenue has grown by 20.74%.
MMI shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -2.90% yearly.
EPS 1Y (TTM)80.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%107.14%
Revenue 1Y (TTM)20.74%
Revenue growth 3Y-18.72%
Revenue growth 5Y-2.9%
Sales Q2Q%15.06%
3.2 Future
MMI is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 70.98% yearly.
Based on estimates for the next years, MMI will show a quite strong growth in Revenue. The Revenue will grow by 15.86% on average per year.
EPS Next Y63.7%
EPS Next 2Y99.39%
EPS Next 3Y70.98%
EPS Next 5YN/A
Revenue Next Year17.65%
Revenue Next 2Y16.62%
Revenue Next 3Y15.86%
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
MMI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 43.56, the valuation of MMI can be described as expensive.
73.44% of the companies in the same industry are more expensive than MMI, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 23.46. MMI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 43.56 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, MMI is valued cheaply inside the industry as 85.94% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.3 | ||
| EV/EBITDA | N/A |
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.
A more expensive valuation may be justified as MMI's earnings are expected to grow with 70.98% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y99.39%
EPS Next 3Y70.98%
5. Dividend
5.1 Amount
MMI has a Yearly Dividend Yield of 1.80%.
MMI's Dividend Yield is rather good when compared to the industry average which is at 0.85. MMI pays more dividend than 85.94% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.00, MMI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.8% |
5.2 History
MMI has been paying a dividend for less than 5 years, so it still needs to build a track record.
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-307.3%
EPS Next 2Y99.39%
EPS Next 3Y70.98%
27.54
-0.3 (-1.08%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)
Earnings (Next)
Inst Owners97.14%
Inst Owner Change1.94%
Ins Owners3.49%
Ins Owner Change0.09%
Market Cap1.07B
Revenue(TTM)751.28M
Net Income(TTM)-6.67M
Analysts44.44
Price Target29.58 (7.41%)
Short Float %0.97%
Short Ratio1.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.8% |
Yearly Dividend0.52
Dividend Growth(5Y)N/A
DP-307.3%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-32.16%
Min EPS beat(2)-184.34%
Max EPS beat(2)120.02%
EPS beat(4)3
Avg EPS beat(4)289.18%
Min EPS beat(4)-184.34%
Max EPS beat(4)1189.11%
EPS beat(8)7
Avg EPS beat(8)150.49%
EPS beat(12)11
Avg EPS beat(12)102.53%
EPS beat(16)14
Avg EPS beat(16)82.35%
Revenue beat(2)1
Avg Revenue beat(2)-0.45%
Min Revenue beat(2)-0.94%
Max Revenue beat(2)0.04%
Revenue beat(4)3
Avg Revenue beat(4)5.12%
Min Revenue beat(4)-0.94%
Max Revenue beat(4)18.97%
Revenue beat(8)5
Avg Revenue beat(8)2.27%
Revenue beat(12)6
Avg Revenue beat(12)1.67%
Revenue beat(16)8
Avg Revenue beat(16)4.02%
PT rev (1m)0%
PT rev (3m)-3.33%
EPS NQ rev (1m)-5.1%
EPS NQ rev (3m)44.48%
EPS NY rev (1m)31.75%
EPS NY rev (3m)25.08%
Revenue NQ rev (1m)-2.31%
Revenue NQ rev (3m)-0.66%
Revenue NY rev (1m)0.94%
Revenue NY rev (3m)2.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 43.56 | ||
| P/S | 1.43 | ||
| P/FCF | 15.3 | ||
| P/OCF | 13.91 | ||
| P/B | 1.78 | ||
| P/tB | 1.91 | ||
| EV/EBITDA | N/A |
EPS(TTM)-0.16
EYN/A
EPS(NY)0.63
Fwd EY2.3%
FCF(TTM)1.8
FCFY6.53%
OCF(TTM)1.98
OCFY7.19%
SpS19.3
BVpS15.47
TBVpS14.39
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.82% | ||
| ROE | -1.11% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 37.74% | ||
| FCFM | 9.32% |
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-Score6
Asset Turnover0.92
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 49.92% | ||
| Cap/Sales | 0.93% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.74 | ||
| Quick Ratio | 2.74 | ||
| Altman-Z | 4.9 |
F-Score6
WACC8.78%
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)80.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%107.14%
EPS Next Y63.7%
EPS Next 2Y99.39%
EPS Next 3Y70.98%
EPS Next 5YN/A
Revenue 1Y (TTM)20.74%
Revenue growth 3Y-18.72%
Revenue growth 5Y-2.9%
Sales Q2Q%15.06%
Revenue Next Year17.65%
Revenue Next 2Y16.62%
Revenue Next 3Y15.86%
Revenue Next 5YN/A
EBIT growth 1Y60.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year115.82%
EBIT Next 3Y50.49%
EBIT Next 5YN/A
FCF growth 1Y196.61%
FCF growth 3Y-61.84%
FCF growth 5Y-3.45%
OCF growth 1Y224.87%
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 4 / 10 to MARCUS & MILLICHAP INC (MMI). This can be considered as Fairly Valued.
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 63.7% in the next year.
Is the dividend of MARCUS & MILLICHAP INC sustainable?
The dividend rating of MARCUS & MILLICHAP INC (MMI) is 3 / 10 and the dividend payout ratio is -307.3%.