HEALTHPEAK PROPERTIES INC (PEAK) Stock Fundamental Analysis
USA - NYSE:PEAK - US42250P1030 - REIT
17.1 USD
+0.35 (+2.09%)
17.1 USD
0 (0%)
Overall PEAK gets a fundamental rating of 3 out of 10. We evaluated PEAK against 129 industry peers in the Diversified REITs industry. PEAK has a medium profitability rating, but doesn't score so well on its financial health evaluation. PEAK is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PEAK had positive earnings in the past year.
In the past year PEAK had a positive cash flow from operations.
PEAK had positive earnings in each of the past 5 years.
PEAK had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.94%, PEAK is in the better half of the industry, outperforming 65.60% of the companies in the same industry.
With a decent Return On Equity value of 4.79%, PEAK is doing good in the industry, outperforming 68.80% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 2.45%, PEAK is in line with its industry, outperforming 47.20% of the companies in the same industry.
PEAK had an Average Return On Invested Capital over the past 3 years of 2.14%. This is in line with the industry average of 3.01%.
The 3 year average ROIC (2.14%) for PEAK is below the current ROIC(2.45%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.94% | ||
| ROE | 4.79% | ||
| ROIC | 2.45% |
ROA(3y)2.8%
ROA(5y)2.26%
ROE(3y)6.66%
ROE(5y)5.35%
ROIC(3y)2.14%
ROIC(5y)1.89%
1.3 Margins
With a decent Profit Margin value of 13.95%, PEAK is doing good in the industry, outperforming 68.00% of the companies in the same industry.
PEAK's Profit Margin has declined in the last couple of years.
PEAK has a Operating Margin of 20.53%. This is comparable to the rest of the industry: PEAK outperforms 49.60% of its industry peers.
PEAK's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 59.28%, PEAK is doing worse than 73.60% of the companies in the same industry.
In the last couple of years the Gross Margin of PEAK has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.53% | ||
| PM (TTM) | 13.95% | ||
| GM | 59.28% |
OM growth 3Y15.69%
OM growth 5Y-5.54%
PM growth 3Y-17.66%
PM growth 5Y-30.94%
GM growth 3Y4.39%
GM growth 5Y-2.65%
2. Health
2.1 Basic Checks
PEAK has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, PEAK has about the same amount of shares outstanding.
The number of shares outstanding for PEAK has been increased compared to 5 years ago.
The debt/assets ratio for PEAK is higher compared to a year ago.
2.2 Solvency
PEAK has an Altman-Z score of 0.34. This is a bad value and indicates that PEAK is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.34, PEAK is doing worse than 64.80% of the companies in the same industry.
The Debt to FCF ratio of PEAK is 32.87, which is on the high side as it means it would take PEAK, 32.87 years of fcf income to pay off all of its debts.
PEAK has a Debt to FCF ratio (32.87) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.08 is on the high side and indicates that PEAK has dependencies on debt financing.
PEAK has a Debt to Equity ratio (1.08) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 32.87 | ||
| Altman-Z | 0.34 |
ROIC/WACC0.37
WACC6.55%
2.3 Liquidity
PEAK has a Current Ratio of 0.14. This is a bad value and indicates that PEAK is not financially healthy enough and could expect problems in meeting its short term obligations.
PEAK's Current ratio of 0.14 is on the low side compared to the rest of the industry. PEAK is outperformed by 96.80% of its industry peers.
PEAK has a Quick Ratio of 0.14. This is a bad value and indicates that PEAK is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.14, PEAK is doing worse than 96.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 |
3. Growth
3.1 Past
PEAK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -38.86%.
The earnings per share for PEAK have been decreasing by -23.30% on average. This is quite bad
PEAK shows a small growth in Revenue. In the last year, the Revenue has grown by 5.81%.
PEAK shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.86% yearly.
EPS 1Y (TTM)-38.86%
EPS 3Y-12.64%
EPS 5Y-23.3%
EPS Q2Q%1200%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y9.86%
Revenue growth 5Y12.86%
Sales Q2Q%5.56%
3.2 Future
The Earnings Per Share is expected to decrease by -3.48% on average over the next years.
The Revenue is expected to grow by 8.55% on average over the next years. This is quite good.
EPS Next Y-30.18%
EPS Next 2Y-0.06%
EPS Next 3Y-5.39%
EPS Next 5Y-3.48%
Revenue Next Year15.38%
Revenue Next 2Y10.7%
Revenue Next 3Y8.55%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
Based on the Price/Earnings ratio of 30.54, the valuation of PEAK can be described as expensive.
Based on the Price/Earnings ratio, PEAK is valued a bit cheaper than 61.60% of the companies in the same industry.
When comparing the Price/Earnings ratio of PEAK to the average of the S&P500 Index (27.40), we can say PEAK is valued inline with the index average.
With a Price/Forward Earnings ratio of 43.73, PEAK can be considered very expensive at the moment.
PEAK's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. PEAK is cheaper than 65.60% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, PEAK is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.54 | ||
| Fwd PE | 43.73 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PEAK is valued a bit cheaper than the industry average as 62.40% of the companies are valued more expensively.
PEAK's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.73 | ||
| EV/EBITDA | 13.46 |
4.3 Compensation for Growth
PEAK's earnings are expected to decrease with -5.39% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.06%
EPS Next 3Y-5.39%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.02%, PEAK is a good candidate for dividend investing.
PEAK's Dividend Yield is a higher than the industry average which is at 6.99.
Compared to an average S&P500 Dividend Yield of 2.38, PEAK pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
5.2 History
The dividend of PEAK decreases each year by -11.76%.
PEAK has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-11.76%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PEAK pays out 215.92% of its income as dividend. This is not a sustainable payout ratio.
PEAK's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP215.92%
EPS Next 2Y-0.06%
EPS Next 3Y-5.39%
17.1
+0.35 (+2.09%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners117.78%
Inst Owner Change-0.1%
Ins Owners0.15%
Ins Owner Change0%
Market Cap9.36B
Analysts78.18
Price Target22.19 (29.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.02% |
Yearly Dividend1.2
Dividend Growth(5Y)-11.76%
DP215.92%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)34.48%
Min EPS beat(2)25.88%
Max EPS beat(2)43.09%
EPS beat(4)3
Avg EPS beat(4)50.32%
Min EPS beat(4)-17.64%
Max EPS beat(4)149.96%
EPS beat(8)6
Avg EPS beat(8)80.62%
EPS beat(12)9
Avg EPS beat(12)65.46%
EPS beat(16)12
Avg EPS beat(16)81.29%
Revenue beat(2)1
Avg Revenue beat(2)-0.5%
Min Revenue beat(2)-1.62%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-0.51%
Min Revenue beat(4)-1.62%
Max Revenue beat(4)0.62%
Revenue beat(8)2
Avg Revenue beat(8)-0.54%
Revenue beat(12)3
Avg Revenue beat(12)-1.7%
Revenue beat(16)3
Avg Revenue beat(16)-8.89%
PT rev (1m)-1.34%
PT rev (3m)2.46%
EPS NQ rev (1m)-15.62%
EPS NQ rev (3m)-7.95%
EPS NY rev (1m)-12.55%
EPS NY rev (3m)-6.5%
Revenue NQ rev (1m)-1.28%
Revenue NQ rev (3m)-1.28%
Revenue NY rev (1m)6.65%
Revenue NY rev (3m)16.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.54 | ||
| Fwd PE | 43.73 | ||
| P/S | 4.29 | ||
| P/FCF | 44.73 | ||
| P/OCF | 9.78 | ||
| P/B | 1.47 | ||
| P/tB | 1.55 | ||
| EV/EBITDA | 13.46 |
EPS(TTM)0.56
EY3.27%
EPS(NY)0.39
Fwd EY2.29%
FCF(TTM)0.38
FCFY2.24%
OCF(TTM)1.75
OCFY10.22%
SpS3.99
BVpS11.61
TBVpS11.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.94% | ||
| ROE | 4.79% | ||
| ROCE | 3.1% | ||
| ROIC | 2.45% | ||
| ROICexc | 2.47% | ||
| ROICexgc | 2.68% | ||
| OM | 20.53% | ||
| PM (TTM) | 13.95% | ||
| GM | 59.28% | ||
| FCFM | 9.59% |
ROA(3y)2.8%
ROA(5y)2.26%
ROE(3y)6.66%
ROE(5y)5.35%
ROIC(3y)2.14%
ROIC(5y)1.89%
ROICexc(3y)2.16%
ROICexc(5y)1.9%
ROICexgc(3y)2.33%
ROICexgc(5y)2.05%
ROCE(3y)2.71%
ROCE(5y)2.39%
ROICexcg growth 3Y28.26%
ROICexcg growth 5Y4.6%
ROICexc growth 3Y28.51%
ROICexc growth 5Y3.28%
OM growth 3Y15.69%
OM growth 5Y-5.54%
PM growth 3Y-17.66%
PM growth 5Y-30.94%
GM growth 3Y4.39%
GM growth 5Y-2.65%
F-Score6
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 32.87 | ||
| Debt/EBITDA | 5.74 | ||
| Cap/Depr | 99.62% | ||
| Cap/Sales | 34.25% | ||
| Interest Coverage | 2.38 | ||
| Cash Conversion | 79.85% | ||
| Profit Quality | 68.75% | ||
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 | ||
| Altman-Z | 0.34 |
F-Score6
WACC6.55%
ROIC/WACC0.37
Cap/Depr(3y)183.97%
Cap/Depr(5y)234.29%
Cap/Sales(3y)65.04%
Cap/Sales(5y)98.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-38.86%
EPS 3Y-12.64%
EPS 5Y-23.3%
EPS Q2Q%1200%
EPS Next Y-30.18%
EPS Next 2Y-0.06%
EPS Next 3Y-5.39%
EPS Next 5Y-3.48%
Revenue 1Y (TTM)5.81%
Revenue growth 3Y9.86%
Revenue growth 5Y12.86%
Sales Q2Q%5.56%
Revenue Next Year15.38%
Revenue Next 2Y10.7%
Revenue Next 3Y8.55%
Revenue Next 5YN/A
EBIT growth 1Y13.63%
EBIT growth 3Y27.09%
EBIT growth 5Y6.6%
EBIT Next Year208.15%
EBIT Next 3Y49.06%
EBIT Next 5Y31.97%
FCF growth 1Y249.96%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y6.21%
OCF growth 3Y8.03%
OCF growth 5Y2.41%