PARAMOUNT GROUP INC (PGRE)
US69924R1086 - REIT
Overall PGRE gets a fundamental rating of 3 out of 10. We evaluated PGRE against 126 industry peers in the Diversified REITs industry. The financial health of PGRE is average, but there are quite some concerns on its profitability. PGRE does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year PGRE has reported negative net income.
In the past year PGRE had a positive cash flow from operations.
In the past 5 years PGRE always reported negative net income.
PGRE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PGRE's Return On Assets of -3.24% is on the low side compared to the rest of the industry. PGRE is outperformed by 82.93% of its industry peers.
PGRE has a worse Return On Equity (-8.11%) than 80.49% of its industry peers.
Looking at the Return On Invested Capital, with a value of 1.36%, PGRE is doing worse than 75.61% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PGRE is in line with the industry average of 2.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.24% | ||
| ROE | -8.11% | ||
| ROIC | 1.36% |
ROA(3y)-1.31%
ROA(5y)-0.93%
ROE(3y)-3.23%
ROE(5y)-2.27%
ROIC(3y)1.53%
ROIC(5y)1.51%
1.3 Margins
With a Operating Margin value of 18.33%, PGRE perfoms like the industry average, outperforming 43.90% of the companies in the same industry.
In the last couple of years the Operating Margin of PGRE has declined.
PGRE's Gross Margin of 60.43% is on the low side compared to the rest of the industry. PGRE is outperformed by 70.73% of its industry peers.
In the last couple of years the Gross Margin of PGRE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.33% | ||
| PM (TTM) | N/A | ||
| GM | 60.43% |
OM growth 3Y-3.67%
OM growth 5Y-3.82%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.14%
GM growth 5Y-1.11%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PGRE is destroying value.
PGRE has more shares outstanding than it did 1 year ago.
PGRE has less shares outstanding than it did 5 years ago.
The debt/assets ratio for PGRE is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.16, we must say that PGRE is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.16, PGRE is not doing good in the industry: 75.61% of the companies in the same industry are doing better.
PGRE has a debt to FCF ratio of 21.45. This is a negative value and a sign of low solvency as PGRE would need 21.45 years to pay back of all of its debts.
PGRE has a Debt to FCF ratio of 21.45. This is in the better half of the industry: PGRE outperforms 65.04% of its industry peers.
PGRE has a Debt/Equity ratio of 1.19. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.19, PGRE perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 21.45 | ||
| Altman-Z | 0.16 |
ROIC/WACC0.21
WACC6.54%
2.3 Liquidity
PGRE has a Current Ratio of 3.63. This indicates that PGRE is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of PGRE (3.63) is better than 91.06% of its industry peers.
A Quick Ratio of 3.63 indicates that PGRE has no problem at all paying its short term obligations.
The Quick ratio of PGRE (3.63) is better than 91.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.63 | ||
| Quick Ratio | 3.63 |
3. Growth
3.1 Past
The earnings per share for PGRE have decreased strongly by -10080.00% in the last year.
Looking at the last year, PGRE shows a small growth in Revenue. The Revenue has grown by 0.35% in the last year.
The Revenue has been decreasing by -0.43% on average over the past years.
EPS 1Y (TTM)-10080%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-4650%
Revenue 1Y (TTM)0.35%
Revenue growth 3Y1.32%
Revenue growth 5Y-0.43%
Revenue growth Q2Q4.6%
3.2 Future
The Earnings Per Share is expected to grow by 13.68% on average over the next years. This is quite good.
The Revenue is expected to decrease by -1.06% on average over the next years.
EPS Next Y63.93%
EPS Next 2Y24.06%
EPS Next 3Y13.68%
EPS Next 5YN/A
Revenue Next Year-0.82%
Revenue Next 2Y-1.06%
Revenue Next 3YN/A
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
The Price/Earnings Ratio is negative for PGRE. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for PGRE. No positive earnings are expected for the next year.
| 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 PGRE indicates a somewhat cheap valuation: PGRE is cheaper than 78.05% of the companies listed in the same industry.
95.94% of the companies in the same industry are more expensive than PGRE, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.72 | ||
| EV/EBITDA | 11.35 |
4.3 Compensation for Growth
A more expensive valuation may be justified as PGRE's earnings are expected to grow with 13.68% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y24.06%
EPS Next 3Y13.68%
5. Dividend
5.1 Amount
PGRE has a Yearly Dividend Yield of 3.03%.
Compared to an average industry Dividend Yield of 6.06, PGRE is paying slightly less dividend.
PGRE's Dividend Yield is a higher than the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.03% |
5.2 History
The dividend of PGRE decreases each year by -11.37%.
PGRE has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-11.37%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
The earnings of PGRE are negative and hence is the payout ratio. PGRE will probably not be able to sustain this dividend level.
DP-20.28%
EPS Next 2Y24.06%
EPS Next 3Y13.68%
PARAMOUNT GROUP INC
NYSE:PGRE (4/26/2024, 7:09:51 PM)
After market: 4.67 0 (0%)4.67
+0.05 (+1.08%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.01B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.03% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.24% | ||
| ROE | -8.11% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.33% | ||
| PM (TTM) | N/A | ||
| GM | 60.43% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.63 | ||
| Quick Ratio | 3.63 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-10080%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y63.93%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)0.35%
Revenue growth 3Y1.32%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y