PARAMOUNT GROUP INC (PGRE) Stock Fundamental Analysis
NYSE:PGRE - New York Stock Exchange, Inc. - US69924R1086 - REIT - Currency: USD
Taking everything into account, PGRE scores 3 out of 10 in our fundamental rating. PGRE was compared to 129 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.
PGRE had a positive operating cash flow in the past year.
PGRE had negative earnings in each of the past 5 years.
PGRE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PGRE has a worse Return On Assets (-0.83%) than 66.67% of its industry peers.
PGRE's Return On Equity of -2.14% is on the low side compared to the rest of the industry. PGRE is outperformed by 64.34% of its industry peers.
With a Return On Invested Capital value of 1.43%, PGRE is not doing good in the industry: 79.84% of the companies in the same industry are doing better.
Measured over the past 3 years, the Average Return On Invested Capital for PGRE is in line with the industry average of 3.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.83% | ||
| ROE | -2.14% | ||
| ROIC | 1.43% |
ROA(3y)-1.42%
ROA(5y)-0.96%
ROE(3y)-3.53%
ROE(5y)-2.37%
ROIC(3y)1.5%
ROIC(5y)1.5%
1.3 Margins
PGRE has a Operating Margin (18.73%) which is in line with its industry peers.
In the last couple of years the Operating Margin of PGRE has declined.
PGRE's Gross Margin of 59.03% is on the low side compared to the rest of the industry. PGRE is outperformed by 69.77% of its industry peers.
PGRE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.73% | ||
| PM (TTM) | N/A | ||
| GM | 59.03% |
OM growth 3Y-5.7%
OM growth 5Y-3.09%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.88%
GM growth 5Y-1.42%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PGRE is destroying value.
The number of shares outstanding for PGRE remains at a similar level compared to 1 year ago.
The number of shares outstanding for PGRE has been reduced compared to 5 years ago.
PGRE has a better debt/assets ratio than last year.
2.2 Solvency
PGRE has an Altman-Z score of 0.18. This is a bad value and indicates that PGRE is not financially healthy and even has some risk of bankruptcy.
PGRE has a Altman-Z score of 0.18. This is in the lower half of the industry: PGRE underperforms 66.67% of its industry peers.
PGRE has a debt to FCF ratio of 43.45. This is a negative value and a sign of low solvency as PGRE would need 43.45 years to pay back of all of its debts.
PGRE has a better Debt to FCF ratio (43.45) than 65.12% of its industry peers.
A Debt/Equity ratio of 1.19 is on the high side and indicates that PGRE has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.19, PGRE is in line with its industry, outperforming 51.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 43.45 | ||
| Altman-Z | 0.18 |
ROIC/WACC0.21
WACC6.66%
2.3 Liquidity
PGRE has a Current Ratio of 3.92. This indicates that PGRE is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 3.92, PGRE belongs to the best of the industry, outperforming 91.47% of the companies in the same industry.
A Quick Ratio of 3.92 indicates that PGRE has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.92, PGRE belongs to the top of the industry, outperforming 91.47% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.92 | ||
| Quick Ratio | 3.92 |
3. Growth
3.1 Past
PGRE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 67.71%, which is quite impressive.
Looking at the last year, PGRE shows a small growth in Revenue. The Revenue has grown by 1.66% in the last year.
Measured over the past years, PGRE shows a small growth in Revenue. The Revenue has been growing by 0.36% on average per year.
EPS 1Y (TTM)67.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200%
Revenue 1Y (TTM)1.66%
Revenue growth 3Y1.39%
Revenue growth 5Y0.36%
Sales Q2Q%-0.98%
3.2 Future
Based on estimates for the next years, PGRE will show a very negative growth in Earnings Per Share. The EPS will decrease by -30.73% on average per year.
The Revenue is expected to decrease by -4.03% on average over the next years.
EPS Next Y-11.71%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
EPS Next 5YN/A
Revenue Next Year-5.46%
Revenue Next 2Y-3.33%
Revenue Next 3Y-4.03%
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.
Also next year PGRE 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
PGRE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PGRE is cheaper than 67.44% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PGRE indicates a rather cheap valuation: PGRE is cheaper than 82.95% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.82 | ||
| EV/EBITDA | 11.95 |
4.3 Compensation for Growth
PGRE's earnings are expected to decrease with -30.73% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
5. Dividend
5.1 Amount
PGRE has a yearly dividend return of 0.60%, which is pretty low.
Compared to an average industry Dividend Yield of 6.93, PGRE's dividend is way lower than its industry peers. On top of this 93.80% of the companies listed in the same industry pay a better dividend than PGRE!
Compared to an average S&P500 Dividend Yield of 2.40, PGRE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
5.2 History
The dividend of PGRE decreases each year by -23.74%.
PGRE has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-23.74%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
PGRE has negative earnings and hence a negative payout ratio. The dividend may be in danger.
PGRE's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-25.32%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
6.11
+0.29 (+4.98%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners66.92%
Inst Owner Change4.12%
Ins Owners15.9%
Ins Owner Change0.39%
Market Cap1.34B
Analysts49.09
Price Target4.53 (-25.86%)
Short Float %8.35%
Short Ratio6.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.6% |
Yearly Dividend0.12
Dividend Growth(5Y)-23.74%
DP-25.32%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-243.14%
Min EPS beat(2)-341.18%
Max EPS beat(2)-145.1%
EPS beat(4)1
Avg EPS beat(4)-123.86%
Min EPS beat(4)-341.18%
Max EPS beat(4)21.57%
EPS beat(8)4
Avg EPS beat(8)-309.98%
EPS beat(12)6
Avg EPS beat(12)-250.12%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.41%
Min Revenue beat(2)-2.29%
Max Revenue beat(2)1.47%
Revenue beat(4)3
Avg Revenue beat(4)1.48%
Min Revenue beat(4)-2.29%
Max Revenue beat(4)6.69%
Revenue beat(8)6
Avg Revenue beat(8)1.26%
Revenue beat(12)8
Avg Revenue beat(12)0.67%
Revenue beat(16)9
Avg Revenue beat(16)0.09%
PT rev (1m)-6.58%
PT rev (3m)-12.35%
EPS NQ rev (1m)0%
EPS NQ rev (3m)44.44%
EPS NY rev (1m)0%
EPS NY rev (3m)45.24%
Revenue NQ rev (1m)-0.92%
Revenue NQ rev (3m)-1.44%
Revenue NY rev (1m)0.48%
Revenue NY rev (3m)-0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.77 | ||
| P/FCF | 15.82 | ||
| P/OCF | 6.57 | ||
| P/B | 0.43 | ||
| P/tB | 0.44 | ||
| EV/EBITDA | 11.95 |
EPS(TTM)-0.31
EYN/A
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)0.39
FCFY6.32%
OCF(TTM)0.93
OCFY15.22%
SpS3.45
BVpS14.08
TBVpS13.87
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.83% | ||
| ROE | -2.14% | ||
| ROCE | 1.81% | ||
| ROIC | 1.43% | ||
| ROICexc | 1.51% | ||
| ROICexgc | 1.54% | ||
| OM | 18.73% | ||
| PM (TTM) | N/A | ||
| GM | 59.03% | ||
| FCFM | 11.2% |
ROA(3y)-1.42%
ROA(5y)-0.96%
ROE(3y)-3.53%
ROE(5y)-2.37%
ROIC(3y)1.5%
ROIC(5y)1.5%
ROICexc(3y)1.58%
ROICexc(5y)1.58%
ROICexgc(3y)1.61%
ROICexgc(5y)1.61%
ROCE(3y)1.9%
ROCE(5y)1.89%
ROICexcg growth 3Y-2.68%
ROICexcg growth 5Y-0.82%
ROICexc growth 3Y-2.45%
ROICexc growth 5Y-0.45%
OM growth 3Y-5.7%
OM growth 5Y-3.09%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.88%
GM growth 5Y-1.42%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.19 | ||
| Debt/FCF | 43.45 | ||
| Debt/EBITDA | 9.71 | ||
| Cap/Depr | 50.25% | ||
| Cap/Sales | 15.78% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 53.82% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.92 | ||
| Quick Ratio | 3.92 | ||
| Altman-Z | 0.18 |
F-Score6
WACC6.66%
ROIC/WACC0.21
Cap/Depr(3y)48.92%
Cap/Depr(5y)46.58%
Cap/Sales(3y)15.71%
Cap/Sales(5y)15.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)67.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200%
EPS Next Y-11.71%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
EPS Next 5YN/A
Revenue 1Y (TTM)1.66%
Revenue growth 3Y1.39%
Revenue growth 5Y0.36%
Sales Q2Q%-0.98%
Revenue Next Year-5.46%
Revenue Next 2Y-3.33%
Revenue Next 3Y-4.03%
Revenue Next 5YN/A
EBIT growth 1Y8.09%
EBIT growth 3Y-4.39%
EBIT growth 5Y-2.74%
EBIT Next Year140.11%
EBIT Next 3Y25.24%
EBIT Next 5YN/A
FCF growth 1Y-31%
FCF growth 3Y3.52%
FCF growth 5Y-4.16%
OCF growth 1Y-17.08%
OCF growth 3Y2.74%
OCF growth 5Y-1.48%