PARAMOUNT GROUP INC (PGRE) Stock Fundamental Analysis
NYSE:PGRE - New York Stock Exchange, Inc. - US69924R1086 - REIT - Currency: USD
Overall PGRE gets a fundamental rating of 3 out of 10. We evaluated PGRE against 130 industry peers in the Diversified REITs industry. While PGRE seems to be doing ok healthwise, 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
PGRE had negative earnings in the past year.
PGRE had a positive operating cash flow in the past year.
In the past 5 years PGRE always reported negative net income.
In the past 5 years PGRE always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -0.59%, PGRE is not doing good in the industry: 65.38% of the companies in the same industry are doing better.
With a Return On Equity value of -1.47%, PGRE is not doing good in the industry: 66.15% of the companies in the same industry are doing better.
The Return On Invested Capital of PGRE (1.51%) is worse than 77.69% of its industry peers.
PGRE had an Average Return On Invested Capital over the past 3 years of 1.50%. This is in line with the industry average of 3.17%.
The 3 year average ROIC (1.50%) for PGRE is below the current ROIC(1.51%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.59% | ||
| ROE | -1.47% | ||
| ROIC | 1.51% |
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 (19.58%) which is in line with its industry peers.
PGRE's Operating Margin has declined in the last couple of years.
PGRE has a Gross Margin of 59.96%. This is in the lower half of the industry: PGRE underperforms 68.46% 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 | 19.58% | ||
| PM (TTM) | N/A | ||
| GM | 59.96% |
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
PGRE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
PGRE has about the same amout of 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 has been reduced compared to a year ago.
2.2 Solvency
PGRE has an Altman-Z score of 0.15. This is a bad value and indicates that PGRE is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.15, PGRE is not doing good in the industry: 68.46% of the companies in the same industry are doing better.
PGRE has a debt to FCF ratio of 25.05. This is a negative value and a sign of low solvency as PGRE would need 25.05 years to pay back of all of its debts.
PGRE has a better Debt to FCF ratio (25.05) than 70.77% of its industry peers.
A Debt/Equity ratio of 1.17 is on the high side and indicates that PGRE has dependencies on debt financing.
PGRE has a Debt to Equity ratio (1.17) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.17 | ||
| Debt/FCF | 25.05 | ||
| Altman-Z | 0.15 |
ROIC/WACC0.23
WACC6.53%
2.3 Liquidity
A Current Ratio of 3.28 indicates that PGRE has no problem at all paying its short term obligations.
PGRE's Current ratio of 3.28 is amongst the best of the industry. PGRE outperforms 88.46% of its industry peers.
A Quick Ratio of 3.28 indicates that PGRE has no problem at all paying its short term obligations.
PGRE has a Quick ratio of 3.28. This is amongst the best in the industry. PGRE outperforms 88.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.28 | ||
| Quick Ratio | 3.28 |
3. Growth
3.1 Past
PGRE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 90.63%, which is quite impressive.
The Revenue has been growing slightly by 1.97% in the past 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)90.63%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%240%
Revenue 1Y (TTM)1.97%
Revenue growth 3Y1.39%
Revenue growth 5Y0.36%
Sales Q2Q%-0.98%
3.2 Future
PGRE is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -30.73% yearly.
PGRE is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.03% yearly.
EPS Next Y-11.71%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
EPS Next 5YN/A
Revenue Next Year-5.91%
Revenue Next 2Y-3.37%
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.
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
Based on the Enterprise Value to EBITDA ratio, PGRE is valued a bit cheaper than 73.08% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, PGRE is valued cheaply inside the industry as 93.85% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.01 | ||
| EV/EBITDA | 11.16 |
4.3 Compensation for Growth
A cheap valuation may be justified as PGRE's earnings are expected to decrease with -30.73% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
5. Dividend
5.1 Amount
With a yearly dividend of 0.75%, PGRE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 16.32, PGRE's dividend is way lower than its industry peers. On top of this 93.85% of the companies listed in the same industry pay a better dividend than PGRE!
Compared to an average S&P500 Dividend Yield of 2.44, PGRE's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.75% |
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-54.25%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
4.69
+0.09 (+1.96%)
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 Change-2.49%
Ins Owners15.9%
Ins Owner Change0.32%
Market Cap1.03B
Analysts49.09
Price Target4.53 (-3.41%)
Short Float %3.17%
Short Ratio2.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.75% |
Yearly Dividend0.12
Dividend Growth(5Y)-23.74%
DP-54.25%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-159.8%
Min EPS beat(2)-341.18%
Max EPS beat(2)21.57%
EPS beat(4)2
Avg EPS beat(4)-45.07%
Min EPS beat(4)-341.18%
Max EPS beat(4)170.03%
EPS beat(8)5
Avg EPS beat(8)-283.27%
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)1
Avg Revenue beat(2)2.2%
Min Revenue beat(2)-2.29%
Max Revenue beat(2)6.69%
Revenue beat(4)3
Avg Revenue beat(4)1.49%
Min Revenue beat(4)-2.29%
Max Revenue beat(4)6.69%
Revenue beat(8)6
Avg Revenue beat(8)1.24%
Revenue beat(12)7
Avg Revenue beat(12)0.4%
Revenue beat(16)9
Avg Revenue beat(16)0.1%
PT rev (1m)-6.58%
PT rev (3m)-12.35%
EPS NQ rev (1m)-150%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)45.24%
Revenue NQ rev (1m)-4.36%
Revenue NQ rev (3m)-5.19%
Revenue NY rev (1m)-1.39%
Revenue NY rev (3m)-1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.36 | ||
| P/FCF | 7.01 | ||
| P/OCF | 3.88 | ||
| P/B | 0.33 | ||
| P/tB | 0.33 | ||
| EV/EBITDA | 11.16 |
EPS(TTM)-0.09
EYN/A
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)0.67
FCFY14.27%
OCF(TTM)1.21
OCFY25.77%
SpS3.46
BVpS14.33
TBVpS14.1
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.59% | ||
| ROE | -1.47% | ||
| ROCE | 1.91% | ||
| ROIC | 1.51% | ||
| ROICexc | 1.59% | ||
| ROICexgc | 1.61% | ||
| OM | 19.58% | ||
| PM (TTM) | N/A | ||
| GM | 59.96% | ||
| FCFM | 19.38% |
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 | 1.17 | ||
| Debt/FCF | 25.05 | ||
| Debt/EBITDA | 9.48 | ||
| Cap/Depr | 49.33% | ||
| Cap/Sales | 15.6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 68.31% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.28 | ||
| Quick Ratio | 3.28 | ||
| Altman-Z | 0.15 |
F-Score6
WACC6.53%
ROIC/WACC0.23
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)90.63%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%240%
EPS Next Y-11.71%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
EPS Next 5YN/A
Revenue 1Y (TTM)1.97%
Revenue growth 3Y1.39%
Revenue growth 5Y0.36%
Sales Q2Q%-0.98%
Revenue Next Year-5.91%
Revenue Next 2Y-3.37%
Revenue Next 3Y-4.03%
Revenue Next 5YN/A
EBIT growth 1Y8.92%
EBIT growth 3Y-4.39%
EBIT growth 5Y-2.74%
EBIT Next Year138.98%
EBIT Next 3Y20.5%
EBIT Next 5YN/A
FCF growth 1Y-17.24%
FCF growth 3Y3.52%
FCF growth 5Y-4.16%
OCF growth 1Y-4.65%
OCF growth 3Y2.74%
OCF growth 5Y-1.48%