PARAMOUNT GROUP INC (PGRE) Stock Fundamental Analysis
USA - NYSE:PGRE - US69924R1086 - REIT
6.52 USD
-0.02 (-0.31%)
6.51 USD
-0.01 (-0.15%)
Taking everything into account, PGRE scores 3 out of 10 in our fundamental rating. PGRE was compared to 130 industry peers in the Diversified REITs industry. The financial health of PGRE is average, but there are quite some concerns on its profitability. PGRE is valued expensive and it does not seem to be growing.
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.
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 -0.98%, PGRE is not doing good in the industry: 66.92% of the companies in the same industry are doing better.
PGRE has a worse Return On Equity (-2.58%) than 65.38% of its industry peers.
The Return On Invested Capital of PGRE (1.25%) is worse than 80.77% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PGRE is in line with the industry average of 3.05%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.98% | ||
| ROE | -2.58% | ||
| ROIC | 1.25% |
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's Operating Margin of 16.70% is on the low side compared to the rest of the industry. PGRE is outperformed by 60.77% of its industry peers.
In the last couple of years the Operating Margin of PGRE has declined.
PGRE has a worse Gross Margin (58.36%) than 70.00% of its industry peers.
PGRE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.7% | ||
| PM (TTM) | N/A | ||
| GM | 58.36% |
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.
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.
PGRE has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.19, we must say that PGRE is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.19, PGRE is doing worse than 67.69% of the companies in the same industry.
PGRE has a debt to FCF ratio of 47.15. This is a negative value and a sign of low solvency as PGRE would need 47.15 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 47.15, PGRE is doing good in the industry, outperforming 62.31% of the companies in the same industry.
A Debt/Equity ratio of 1.22 is on the high side and indicates that PGRE has dependencies on debt financing.
PGRE's Debt to Equity ratio of 1.22 is in line compared to the rest of the industry. PGRE outperforms 51.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 47.15 | ||
| Altman-Z | 0.19 |
ROIC/WACC0.19
WACC6.73%
2.3 Liquidity
PGRE has a Current Ratio of 4.01. This indicates that PGRE is financially healthy and has no problem in meeting its short term obligations.
PGRE has a better Current ratio (4.01) than 93.85% of its industry peers.
A Quick Ratio of 4.01 indicates that PGRE has no problem at all paying its short term obligations.
The Quick ratio of PGRE (4.01) is better than 93.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.01 | ||
| Quick Ratio | 4.01 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 63.27% over the past year.
The Revenue has decreased by -1.68% in the past year.
PGRE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.36% yearly.
EPS 1Y (TTM)63.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-125%
Revenue 1Y (TTM)-1.68%
Revenue growth 3Y1.39%
Revenue growth 5Y0.36%
Sales Q2Q%-5.53%
3.2 Future
The Earnings Per Share is expected to decrease by -30.73% on average over the next years. This is quite bad
PGRE is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.52% yearly.
EPS Next Y-11.71%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
EPS Next 5YN/A
Revenue Next Year-5.69%
Revenue Next 2Y-4.74%
Revenue Next 3Y-3.52%
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
67.69% of the companies in the same industry are more expensive than PGRE, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, PGRE is valued a bit cheaper than the industry average as 79.23% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.41 | ||
| EV/EBITDA | 12.99 |
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
PGRE has a Yearly Dividend Yield of 3.14%.
Compared to an average industry Dividend Yield of 6.58, PGRE is paying slightly less dividend.
PGRE's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
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.
The Dividend Rate of PGRE has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP-10.73%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
6.52
-0.02 (-0.31%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.56%
Inst Owner Change0.98%
Ins Owners15.71%
Ins Owner Change0.07%
Market Cap1.44B
Analysts50.91
Price Target6.04 (-7.36%)
Short Float %3.84%
Short Ratio2.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
Yearly Dividend0.12
Dividend Growth(5Y)-23.74%
DP-10.73%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-77.7%
Min EPS beat(2)-145.1%
Max EPS beat(2)-10.29%
EPS beat(4)1
Avg EPS beat(4)-118.75%
Min EPS beat(4)-341.18%
Max EPS beat(4)21.57%
EPS beat(8)3
Avg EPS beat(8)-320.27%
EPS beat(12)5
Avg EPS beat(12)-259.31%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.62%
Min Revenue beat(2)-0.23%
Max Revenue beat(2)1.47%
Revenue beat(4)2
Avg Revenue beat(4)1.41%
Min Revenue beat(4)-2.29%
Max Revenue beat(4)6.69%
Revenue beat(8)6
Avg Revenue beat(8)1.95%
Revenue beat(12)7
Avg Revenue beat(12)0.5%
Revenue beat(16)8
Avg Revenue beat(16)0.06%
PT rev (1m)-1.25%
PT rev (3m)14.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-12.5%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.51%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.3%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 1.93 | ||
| P/FCF | 18.41 | ||
| P/OCF | 7 | ||
| P/B | 0.47 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 12.99 |
EPS(TTM)-0.36
EYN/A
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)0.35
FCFY5.43%
OCF(TTM)0.93
OCFY14.28%
SpS3.38
BVpS13.74
TBVpS13.54
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.98% | ||
| ROE | -2.58% | ||
| ROCE | 1.59% | ||
| ROIC | 1.25% | ||
| ROICexc | 1.33% | ||
| ROICexgc | 1.35% | ||
| OM | 16.7% | ||
| PM (TTM) | N/A | ||
| GM | 58.36% | ||
| FCFM | 10.47% |
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 Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.22 | ||
| Debt/FCF | 47.15 | ||
| Debt/EBITDA | 10.22 | ||
| Cap/Depr | 53.93% | ||
| Cap/Sales | 17.05% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 56.97% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.01 | ||
| Quick Ratio | 4.01 | ||
| Altman-Z | 0.19 |
F-Score6
WACC6.73%
ROIC/WACC0.19
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)63.27%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-125%
EPS Next Y-11.71%
EPS Next 2Y-44.52%
EPS Next 3Y-30.73%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.68%
Revenue growth 3Y1.39%
Revenue growth 5Y0.36%
Sales Q2Q%-5.53%
Revenue Next Year-5.69%
Revenue Next 2Y-4.74%
Revenue Next 3Y-3.52%
Revenue Next 5YN/A
EBIT growth 1Y-12.95%
EBIT growth 3Y-4.39%
EBIT growth 5Y-2.74%
EBIT Next Year139.71%
EBIT Next 3Y25.08%
EBIT Next 5YN/A
FCF growth 1Y-40%
FCF growth 3Y3.52%
FCF growth 5Y-4.16%
OCF growth 1Y-19.1%
OCF growth 3Y2.74%
OCF growth 5Y-1.48%