HEALTHPEAK PROPERTIES INC (PEAK) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PEAK - US42250P1030 - REIT
17.1 USD
+0.35 (+2.09%)
17.1 USD
0 (0%)
Taking everything into account, PEAK scores 3 out of 10 in our fundamental rating. PEAK was compared to 126 industry peers in the Diversified REITs industry. There are concerns on the financial health of PEAK while its profitability can be described as average. While showing a medium growth rate, PEAK is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- PEAK had positive earnings in the past year.
- PEAK had a positive operating cash flow in the past year.
- In the past 5 years PEAK has always been profitable.
- 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.
- PEAK has a better Return On Equity (4.79%) than 68.80% of its industry peers.
- PEAK has a Return On Invested Capital (2.45%) which is in line with its industry peers.
- 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 3.06%.
- The last Return On Invested Capital (2.45%) for PEAK is above the 3 year average (2.14%), which is a sign of increasing profitability.
| 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
- PEAK has a better Profit Margin (13.95%) than 68.00% of its industry peers.
- 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.
- In the last couple of years the Operating Margin of PEAK has declined.
- 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.
- Compared to 1 year ago, PEAK has a worse debt to assets ratio.
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.
- PEAK has a debt to FCF ratio of 32.87. This is a negative value and a sign of low solvency as PEAK would need 32.87 years to pay back of all of its debts.
- PEAK has a Debt to FCF ratio (32.87) which is in line with its industry peers.
- PEAK has a Debt/Equity ratio of 1.08. This is a high value indicating a heavy dependency on external financing.
- PEAK has a Debt to Equity ratio (1.08) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.08 | ||
| Debt/FCF | 32.87 | ||
| Altman-Z | 0.34 |
ROIC/WACC0.37
WACC6.55%
2.3 Liquidity
- A Current Ratio of 0.14 indicates that PEAK may have some problems paying its short term obligations.
- PEAK has a Current ratio of 0.14. This is amonst the worse of the industry: PEAK underperforms 96.80% of its industry peers.
- A Quick Ratio of 0.14 indicates that PEAK may have some problems paying its short term obligations.
- PEAK has a Quick ratio of 0.14. This is amonst the worse of the industry: PEAK underperforms 96.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 |
3. Growth
3.1 Past
- The earnings per share for PEAK have decreased strongly by -38.86% in the last year.
- The earnings per share for PEAK have been decreasing by -23.30% on average. This is quite bad
- Looking at the last year, PEAK shows a small growth in Revenue. The Revenue has grown by 5.81% in the last year.
- Measured over the past years, PEAK shows a quite strong growth in Revenue. The Revenue has been growing by 12.86% on average per year.
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
- PEAK is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.48% yearly.
- 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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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.
- PEAK's Price/Earnings ratio is a bit cheaper when compared to the industry. PEAK is 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 (27.47), we can say PEAK is valued inline with the index average.
- Based on the Price/Forward Earnings ratio of 43.73, the valuation of PEAK can be described as expensive.
- Based on the Price/Forward Earnings ratio, PEAK is valued a bit cheaper than the industry average as 65.60% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.26, PEAK is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.54 | ||
| Fwd PE | 43.73 |
4.2 Price Multiples
- PEAK's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PEAK is cheaper than 62.40% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of PEAK is on the same level as its industry peers.
| 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
- PEAK has a Yearly Dividend Yield of 7.02%, which is a nice return.
- PEAK's Dividend Yield is a higher than the industry average which is at 6.61.
- Compared to an average S&P500 Dividend Yield of 1.87, 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 been paying a dividend for at least 10 years, so it has 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)02-08 2024-02-08/amc
Earnings (Next)N/A N/A
Inst Owners117.78%
Inst Owner Change0.16%
Ins Owners0.15%
Ins Owner Change0%
Market Cap9.36B
Revenue(TTM)2.18B
Net Income(TTM)304.29M
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
Graham NumberN/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%
ROICexgc growth 3Y28.26%
ROICexgc 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%
HEALTHPEAK PROPERTIES INC / PEAK FAQ
Can you provide the ChartMill fundamental rating for HEALTHPEAK PROPERTIES INC?
ChartMill assigns a fundamental rating of 3 / 10 to PEAK.
What is the valuation status of HEALTHPEAK PROPERTIES INC (PEAK) stock?
ChartMill assigns a valuation rating of 2 / 10 to HEALTHPEAK PROPERTIES INC (PEAK). This can be considered as Overvalued.
What is the profitability of PEAK stock?
HEALTHPEAK PROPERTIES INC (PEAK) has a profitability rating of 5 / 10.
What is the earnings growth outlook for HEALTHPEAK PROPERTIES INC?
The Earnings per Share (EPS) of HEALTHPEAK PROPERTIES INC (PEAK) is expected to decline by -30.18% in the next year.
Is the dividend of HEALTHPEAK PROPERTIES INC sustainable?
The dividend rating of HEALTHPEAK PROPERTIES INC (PEAK) is 5 / 10 and the dividend payout ratio is 215.92%.