MARCUS & MILLICHAP INC (MMI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MMI - US5663241090 - Common Stock
29.46 USD
-0.05 (-0.17%)
29.46 USD
0 (0%)
Taking everything into account, MMI scores 5 out of 10 in our fundamental rating. MMI was compared to 64 industry peers in the Real Estate Management & Development industry. MMI has a great financial health rating, but its profitability evaluates not so good. MMI has a correct valuation and a medium 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.
Of the past 5 years MMI 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.82%, MMI is in line with its industry, outperforming 45.31% of the companies in the same industry.
MMI has a Return On Equity of -1.11%. This is comparable 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
MMI has a Gross Margin of 37.74%. This is in the better half of the industry: MMI outperforms 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.
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.
2.2 Solvency
MMI has an Altman-Z score of 5.12. This indicates that MMI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of MMI (5.12) is better than 81.25% of its industry peers.
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 | 5.12 |
ROIC/WACCN/A
WACC8.7%
2.3 Liquidity
A Current Ratio of 2.74 indicates that MMI has no problem at all paying its short term obligations.
With a decent Current ratio value of 2.74, MMI is doing good in the industry, outperforming 68.75% of the companies in the same industry.
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 Quick ratio of 2.74. This is in the better half of the industry: MMI outperforms 73.44% 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.
MMI shows a strong growth in Revenue. In the last year, 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
The Earnings Per Share is expected to grow by 80.84% on average over the next years. This is a very strong growth
Based on estimates for the next years, MMI will show a very strong growth in Revenue. The Revenue will grow by 20.20% on average per year.
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
MMI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 50.07 indicates a quite expensive valuation of MMI.
MMI's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MMI is cheaper than 71.88% of the companies in the same industry.
MMI is valuated rather expensively when we compare the Price/Forward Earnings ratio to 34.45, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 50.07 |
4.2 Price Multiples
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MMI indicates a rather cheap valuation: MMI is cheaper than 84.38% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.4 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
MMI's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as MMI's earnings are expected to grow with 80.84% in the coming years.
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 1.75%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.54, MMI pays a better dividend. On top of this MMI pays more dividend than 85.94% of the companies listed in the same industry.
Compared to the average S&P500 Dividend Yield of 2.41, MMI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
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
MMI has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-307.3%
EPS Next 2Y95.92%
EPS Next 3Y80.84%
29.46
-0.05 (-0.17%)
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 Change1.94%
Ins Owners3.49%
Ins Owner Change0.11%
Market Cap1.15B
Revenue(TTM)751.28M
Net Income(TTM)-6.67M
Analysts44.44
Price Target29.58 (0.41%)
Short Float %1.03%
Short Ratio2.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.75% |
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)-3.33%
PT rev (3m)-3.33%
EPS NQ rev (1m)52.24%
EPS NQ rev (3m)52.24%
EPS NY rev (1m)-9.77%
EPS NY rev (3m)-9.77%
Revenue NQ rev (1m)1.69%
Revenue NQ rev (3m)1.69%
Revenue NY rev (1m)1.27%
Revenue NY rev (3m)1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 50.07 | ||
| P/S | 1.53 | ||
| P/FCF | 16.4 | ||
| P/OCF | 14.91 | ||
| P/B | 1.91 | ||
| P/tB | 2.05 | ||
| EV/EBITDA | N/A |
EPS(TTM)-0.16
EYN/A
EPS(NY)0.59
Fwd EY2%
FCF(TTM)1.8
FCFY6.1%
OCF(TTM)1.98
OCFY6.71%
SpS19.26
BVpS15.44
TBVpS14.36
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 | 5.12 |
F-Score6
WACC8.7%
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 Y46.82%
EPS Next 2Y95.92%
EPS Next 3Y80.84%
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 Year16.55%
Revenue Next 2Y16.44%
Revenue Next 3Y20.2%
Revenue Next 5YN/A
EBIT growth 1Y60.53%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year99%
EBIT Next 3Y53.19%
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 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 -307.3%.