PARAMOUNT GROUP INC (PGRE) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:PGRE - US69924R1086 - REIT
6.59 USD
+0.01 (+0.15%)
6.59 USD
0 (0%)
We assign a fundamental rating of 3 out of 10 to PGRE. PGRE was compared to 128 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.
PGRE had negative earnings in each of the past 5 years.
Each year in the past 5 years PGRE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.22%, PGRE is doing worse than 66.41% of the companies in the same industry.
PGRE has a Return On Equity of -3.22%. This is in the lower half of the industry: PGRE underperforms 65.63% of its industry peers.
PGRE has a worse Return On Invested Capital (1.07%) than 82.03% 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 3.06%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.22% | ||
| ROE | -3.22% | ||
| ROIC | 1.07% |
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 worse Operating Margin (14.67%) than 67.19% of its industry peers.
In the last couple of years the Operating Margin of PGRE has declined.
The Gross Margin of PGRE (57.23%) is worse than 70.31% of its industry peers.
PGRE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.67% | ||
| PM (TTM) | N/A | ||
| GM | 57.23% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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.
The debt/assets ratio for PGRE has been reduced 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.
PGRE has a Altman-Z score of 0.16. This is in the lower half of the industry: PGRE underperforms 68.75% of its industry peers.
The Debt to FCF ratio of PGRE is 164.01, which is on the high side as it means it would take PGRE, 164.01 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 164.01, PGRE is in the better half of the industry, outperforming 61.72% of the companies in the same industry.
A Debt/Equity ratio of 1.23 is on the high side and indicates that PGRE has dependencies on debt financing.
The Debt to Equity ratio of PGRE (1.23) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 164.02 | ||
| Altman-Z | 0.16 |
ROIC/WACC0.17
WACC6.42%
2.3 Liquidity
PGRE has a Current Ratio of 2.57. This indicates that PGRE is financially healthy and has no problem in meeting its short term obligations.
PGRE has a better Current ratio (2.57) than 88.28% of its industry peers.
A Quick Ratio of 2.57 indicates that PGRE has no problem at all paying its short term obligations.
PGRE has a better Quick ratio (2.57) than 88.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.57 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 54.08% over the past year.
The Revenue has decreased by -5.29% in the past year.
The Revenue has been growing slightly by 0.36% on average over the past years.
EPS 1Y (TTM)54.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-225%
Revenue 1Y (TTM)-5.29%
Revenue growth 3Y1.39%
Revenue growth 5Y0.36%
Sales Q2Q%-11.26%
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 -32.60% yearly.
The Revenue is expected to decrease by -3.52% on average over the next years.
EPS Next Y-11.71%
EPS Next 2Y-47.84%
EPS Next 3Y-32.6%
EPS Next 5YN/A
Revenue Next Year-5.28%
Revenue Next 2Y-2.15%
Revenue Next 3Y-3.52%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PGRE is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PGRE indicates a somewhat cheap valuation: PGRE is cheaper than 61.72% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.34 | ||
| EV/EBITDA | 14.25 |
4.3 Compensation for Growth
A cheap valuation may be justified as PGRE's earnings are expected to decrease with -32.60% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-47.84%
EPS Next 3Y-32.6%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.14%, PGRE has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.59, PGRE's dividend is way lower than its industry peers. On top of this 80.47% 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 pays a bit more dividend than the S&P500 average.
| 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
The Dividend Rate of PGRE has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP0%
EPS Next 2Y-47.84%
EPS Next 3Y-32.6%
6.59
+0.01 (+0.15%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners73.79%
Inst Owner Change-3.81%
Ins Owners15.59%
Ins Owner Change0%
Market Cap1.46B
Revenue(TTM)723.29M
Net Income(TTM)-97.40M
Analysts73.33
Price Target6.58 (-0.15%)
Short Float %3.17%
Short Ratio1.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.14% |
Yearly Dividend0.12
Dividend Growth(5Y)-23.74%
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-34.8%
Min EPS beat(2)-59.31%
Max EPS beat(2)-10.29%
EPS beat(4)0
Avg EPS beat(4)-138.97%
Min EPS beat(4)-341.18%
Max EPS beat(4)-10.29%
EPS beat(8)2
Avg EPS beat(8)-327.93%
EPS beat(12)5
Avg EPS beat(12)-247.75%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.76%
Min Revenue beat(2)-3.28%
Max Revenue beat(2)-0.23%
Revenue beat(4)1
Avg Revenue beat(4)-1.08%
Min Revenue beat(4)-3.28%
Max Revenue beat(4)1.47%
Revenue beat(8)5
Avg Revenue beat(8)1.32%
Revenue beat(12)7
Avg Revenue beat(12)0.31%
Revenue beat(16)8
Avg Revenue beat(16)0.13%
PT rev (1m)4.45%
PT rev (3m)7.5%
EPS NQ rev (1m)10%
EPS NQ rev (3m)10%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0.27%
Revenue NQ rev (3m)0.27%
Revenue NY rev (1m)0.44%
Revenue NY rev (3m)0.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 2.01 | ||
| P/FCF | 64.34 | ||
| P/OCF | 8.5 | ||
| P/B | 0.48 | ||
| P/tB | 0.49 | ||
| EV/EBITDA | 14.25 |
EPS(TTM)-0.45
EYN/A
EPS(NY)-0.46
Fwd EYN/A
FCF(TTM)0.1
FCFY1.55%
OCF(TTM)0.78
OCFY11.77%
SpS3.27
BVpS13.69
TBVpS13.5
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.22% | ||
| ROE | -3.22% | ||
| ROCE | 1.35% | ||
| ROIC | 1.07% | ||
| ROICexc | 1.12% | ||
| ROICexgc | 1.13% | ||
| OM | 14.67% | ||
| PM (TTM) | N/A | ||
| GM | 57.23% | ||
| FCFM | 3.13% |
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%
ROICexgc growth 3Y-2.68%
ROICexgc 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-Score5
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.23 | ||
| Debt/FCF | 164.02 | ||
| Debt/EBITDA | 10.93 | ||
| Cap/Depr | 63.76% | ||
| Cap/Sales | 20.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 50.5% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.57 | ||
| Quick Ratio | 2.57 | ||
| Altman-Z | 0.16 |
F-Score5
WACC6.42%
ROIC/WACC0.17
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)54.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-225%
EPS Next Y-11.71%
EPS Next 2Y-47.84%
EPS Next 3Y-32.6%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.29%
Revenue growth 3Y1.39%
Revenue growth 5Y0.36%
Sales Q2Q%-11.26%
Revenue Next Year-5.28%
Revenue Next 2Y-2.15%
Revenue Next 3Y-3.52%
Revenue Next 5YN/A
EBIT growth 1Y-25.77%
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-80.89%
FCF growth 3Y3.52%
FCF growth 5Y-4.16%
OCF growth 1Y-30.83%
OCF growth 3Y2.74%
OCF growth 5Y-1.48%
PARAMOUNT GROUP INC / PGRE FAQ
What is the fundamental rating for PGRE stock?
ChartMill assigns a fundamental rating of 3 / 10 to PGRE.
What is the valuation status for PGRE stock?
ChartMill assigns a valuation rating of 1 / 10 to PARAMOUNT GROUP INC (PGRE). This can be considered as Overvalued.
Can you provide the profitability details for PARAMOUNT GROUP INC?
PARAMOUNT GROUP INC (PGRE) has a profitability rating of 2 / 10.
How sustainable is the dividend of PARAMOUNT GROUP INC (PGRE) stock?
The dividend rating of PARAMOUNT GROUP INC (PGRE) is 3 / 10 and the dividend payout ratio is 0%.