PIEDMONT REALTY TRUST INC (PDM) Stock Fundamental Analysis
NYSE:PDM - US7201902068 - REIT
8.15 USD
-0.02 (-0.24%)
8.15 USD
0 (0%)
Taking everything into account, PDM scores 2 out of 10 in our fundamental rating. PDM was compared to 129 industry peers in the Diversified REITs industry. Both the profitability and financial health of PDM have multiple concerns. PDM is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year PDM has reported negative net income.
In the past year PDM had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: PDM reported negative net income in multiple years.
In the past 5 years PDM always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of PDM (-1.72%) is worse than 69.77% of its industry peers.
The Return On Equity of PDM (-4.42%) is worse than 66.67% of its industry peers.
PDM has a worse Return On Invested Capital (1.67%) than 72.87% of its industry peers.
PDM had an Average Return On Invested Capital over the past 3 years of 1.61%. This is in line with the industry average of 3.06%.
The 3 year average ROIC (1.61%) for PDM is below the current ROIC(1.67%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.72% | ||
| ROE | -4.42% | ||
| ROIC | 1.67% |
ROA(3y)0.16%
ROA(5y)1.33%
ROE(3y)0.05%
ROE(5y)2.47%
ROIC(3y)1.61%
ROIC(5y)1.69%
1.3 Margins
Looking at the Operating Margin, with a value of 14.38%, PDM is doing worse than 67.44% of the companies in the same industry.
In the last couple of years the Operating Margin of PDM has declined.
With a Gross Margin value of 59.39%, PDM is not doing good in the industry: 68.99% of the companies in the same industry are doing better.
PDM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.38% | ||
| PM (TTM) | N/A | ||
| GM | 59.39% |
OM growth 3Y-3.24%
OM growth 5Y-6.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.64%
GM growth 5Y-0.47%
2. Health
2.1 Basic Checks
PDM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
PDM has more shares outstanding than it did 1 year ago.
PDM has less shares outstanding than it did 5 years ago.
The debt/assets ratio for PDM is higher compared to a year ago.
2.2 Solvency
PDM has an Altman-Z score of -0.27. This is a bad value and indicates that PDM is not financially healthy and even has some risk of bankruptcy.
PDM has a Altman-Z score of -0.27. This is in the lower half of the industry: PDM underperforms 79.07% of its industry peers.
A Debt/Equity ratio of 1.41 is on the high side and indicates that PDM has dependencies on debt financing.
PDM's Debt to Equity ratio of 1.41 is in line compared to the rest of the industry. PDM outperforms 44.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.27 |
ROIC/WACC0.25
WACC6.8%
2.3 Liquidity
A Current Ratio of 1.87 indicates that PDM should not have too much problems paying its short term obligations.
The Current ratio of PDM (1.87) is better than 75.97% of its industry peers.
PDM has a Quick Ratio of 1.87. This is a normal value and indicates that PDM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.87, PDM is in the better half of the industry, outperforming 75.97% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.87 |
3. Growth
3.1 Past
PDM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 23.88%, which is quite impressive.
PDM shows a decrease in Revenue. In the last year, the revenue decreased by -2.52%.
The Revenue has been growing slightly by 1.36% on average over the past years.
EPS 1Y (TTM)23.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-75%
Revenue 1Y (TTM)-2.52%
Revenue growth 3Y2.56%
Revenue growth 5Y1.36%
Sales Q2Q%-2.07%
3.2 Future
PDM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 28.11% yearly.
Based on estimates for the next years, PDM will show a decrease in Revenue. The Revenue will decrease by -0.15% on average per year.
EPS Next Y70.9%
EPS Next 2Y38.36%
EPS Next 3Y28.11%
EPS Next 5YN/A
Revenue Next Year-0.5%
Revenue Next 2Y-1.35%
Revenue Next 3Y-0.15%
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
PDM reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year PDM is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PDM indicates a rather cheap valuation: PDM is cheaper than 81.40% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.6 |
4.3 Compensation for Growth
A more expensive valuation may be justified as PDM's earnings are expected to grow with 28.11% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.36%
EPS Next 3Y28.11%
5. Dividend
5.1 Amount
PDM has a Yearly Dividend Yield of 3.06%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 3.06, PDM pays less dividend than the industry average, which is at 6.31. 82.17% of the companies listed in the same industry pay a better dividend than PDM!
PDM's Dividend Yield is a higher than the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.06% |
5.2 History
The dividend of PDM decreases each year by -9.98%.
PDM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-9.98%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of PDM are negative and hence is the payout ratio. PDM will probably not be able to sustain this dividend level.
DP-68.09%
EPS Next 2Y38.36%
EPS Next 3Y28.11%
8.15
-0.02 (-0.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners89.82%
Inst Owner Change6.13%
Ins Owners0.91%
Ins Owner Change3.26%
Market Cap1.01B
Analysts74.29
Price Target9.18 (12.64%)
Short Float %2.29%
Short Ratio3
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.06% |
Yearly Dividend0.5
Dividend Growth(5Y)-9.98%
DP-68.09%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-95.19%
Min EPS beat(2)-177.23%
Max EPS beat(2)-13.15%
EPS beat(4)0
Avg EPS beat(4)-207.17%
Min EPS beat(4)-560.07%
Max EPS beat(4)-13.15%
EPS beat(8)0
Avg EPS beat(8)-289.28%
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)-1.1%
Min Revenue beat(2)-2.18%
Max Revenue beat(2)-0.01%
Revenue beat(4)0
Avg Revenue beat(4)-1.59%
Min Revenue beat(4)-4.06%
Max Revenue beat(4)-0.01%
Revenue beat(8)2
Avg Revenue beat(8)-0.78%
Revenue beat(12)3
Avg Revenue beat(12)-0.82%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-5.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-0.89%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.79 | ||
| P/FCF | N/A | ||
| P/OCF | 6.27 | ||
| P/B | 0.66 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 10.6 |
EPS(TTM)-0.51
EYN/A
EPS(NY)-0.05
Fwd EYN/A
FCF(TTM)-0.28
FCFYN/A
OCF(TTM)1.3
OCFY15.94%
SpS4.54
BVpS12.42
TBVpS11.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.72% | ||
| ROE | -4.42% | ||
| ROCE | 2.11% | ||
| ROIC | 1.67% | ||
| ROICexc | 1.67% | ||
| ROICexgc | 1.72% | ||
| OM | 14.38% | ||
| PM (TTM) | N/A | ||
| GM | 59.39% | ||
| FCFM | N/A |
ROA(3y)0.16%
ROA(5y)1.33%
ROE(3y)0.05%
ROE(5y)2.47%
ROIC(3y)1.61%
ROIC(5y)1.69%
ROICexc(3y)1.63%
ROICexc(5y)1.7%
ROICexgc(3y)1.69%
ROICexgc(5y)1.78%
ROCE(3y)2.03%
ROCE(5y)2.14%
ROICexcg growth 3Y-2%
ROICexcg growth 5Y-8.36%
ROICexc growth 3Y-1.27%
ROICexc growth 5Y-7.91%
OM growth 3Y-3.24%
OM growth 5Y-6.67%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.64%
GM growth 5Y-0.47%
F-Score5
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.41 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.23 | ||
| Cap/Depr | 89.5% | ||
| Cap/Sales | 34.78% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 53.72% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.87 | ||
| Quick Ratio | 1.87 | ||
| Altman-Z | -0.27 |
F-Score5
WACC6.8%
ROIC/WACC0.25
Cap/Depr(3y)115.95%
Cap/Depr(5y)158.85%
Cap/Sales(3y)44.72%
Cap/Sales(5y)59.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.88%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-75%
EPS Next Y70.9%
EPS Next 2Y38.36%
EPS Next 3Y28.11%
EPS Next 5YN/A
Revenue 1Y (TTM)-2.52%
Revenue growth 3Y2.56%
Revenue growth 5Y1.36%
Sales Q2Q%-2.07%
Revenue Next Year-0.5%
Revenue Next 2Y-1.35%
Revenue Next 3Y-0.15%
Revenue Next 5YN/A
EBIT growth 1Y3.58%
EBIT growth 3Y-0.77%
EBIT growth 5Y-5.41%
EBIT Next Year383.09%
EBIT Next 3Y67.55%
EBIT Next 5YN/A
FCF growth 1Y81.23%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-26.03%
OCF growth 3Y-6.48%
OCF growth 5Y-1.02%