ALPINE INCOME PROPERTY TRUST (PINE)
US02083X1037 - REIT
Overall PINE gets a fundamental rating of 3 out of 10. We evaluated PINE against 127 industry peers in the Diversified REITs industry. While PINE is still in line with the averages on profitability rating, there are concerns on its financial health. PINE is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PINE had negative earnings in the past year.
In the past year PINE had a positive cash flow from operations.
In the past 5 years PINE has always been profitable.
Each year in the past 5 years PINE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.12%, PINE is in line with its industry, outperforming 40.80% of the companies in the same industry.
With a Return On Equity value of -0.28%, PINE perfoms like the industry average, outperforming 40.80% of the companies in the same industry.
PINE has a worse Return On Invested Capital (1.11%) than 82.40% of its industry peers.
PINE had an Average Return On Invested Capital over the past 3 years of 1.10%. This is in line with the industry average of 2.97%.
The 3 year average ROIC (1.10%) for PINE is below the current ROIC(1.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.12% | ||
| ROE | -0.28% | ||
| ROIC | 1.11% |
ROA(3y)2.56%
ROA(5y)2.05%
ROE(3y)5.86%
ROE(5y)4.2%
ROIC(3y)1.1%
ROIC(5y)1.15%
1.3 Margins
PINE's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 16.50%, PINE is doing worse than 61.60% of the companies in the same industry.
In the last couple of years the Operating Margin of PINE has declined.
With an excellent Gross Margin value of 84.93%, PINE belongs to the best of the industry, outperforming 86.40% of the companies in the same industry.
In the last couple of years the Gross Margin of PINE has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.5% | ||
| PM (TTM) | N/A | ||
| GM | 84.93% |
OM growth 3Y8.39%
OM growth 5Y-14.82%
PM growth 3Y7.51%
PM growth 5Y-28.51%
GM growth 3Y-0.9%
GM growth 5Y-0.14%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PINE is destroying value.
Compared to 1 year ago, PINE has more shares outstanding
The number of shares outstanding for PINE has been increased compared to 5 years ago.
PINE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.54, we must say that PINE is in the distress zone and has some risk of bankruptcy.
PINE has a Altman-Z score (0.54) which is comparable to the rest of the industry.
PINE has a Debt/Equity ratio of 1.10. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.10, PINE perfoms like the industry average, outperforming 52.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.54 |
ROIC/WACC0.17
WACC6.49%
2.3 Liquidity
PINE has a Current Ratio of 1.65. This is a normal value and indicates that PINE is financially healthy and should not expect problems in meeting its short term obligations.
PINE's Current ratio of 1.65 is fine compared to the rest of the industry. PINE outperforms 63.20% of its industry peers.
A Quick Ratio of 1.65 indicates that PINE should not have too much problems paying its short term obligations.
PINE has a better Quick ratio (1.65) than 67.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.65 |
3. Growth
3.1 Past
PINE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -101.72%.
Measured over the past years, PINE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -15.69% on average per year.
Looking at the last year, PINE shows a small growth in Revenue. The Revenue has grown by 3.02% in the last year.
Measured over the past years, PINE shows a very strong growth in Revenue. The Revenue has been growing by 31.25% on average per year.
EPS 1Y (TTM)-101.72%
EPS 3Y28.28%
EPS 5Y-15.69%
EPS growth Q2Q-109.52%
Revenue 1Y (TTM)3.02%
Revenue growth 3Y33.35%
Revenue growth 5Y31.25%
Revenue growth Q2Q11.6%
3.2 Future
PINE is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -38.59% yearly.
PINE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.22% yearly.
EPS Next Y-207.37%
EPS Next 2Y-68.69%
EPS Next 3Y-48.71%
EPS Next 5Y-38.59%
Revenue Next Year3.32%
Revenue Next 2Y3.93%
Revenue Next 3Y2.15%
Revenue Next 5Y2.22%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 PINE. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for PINE. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as PINE.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.4 |
4.3 Compensation for Growth
A cheap valuation may be justified as PINE's earnings are expected to decrease with -48.71% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-68.69%
EPS Next 3Y-48.71%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.94%, PINE is a good candidate for dividend investing.
PINE's Dividend Yield is a higher than the industry average which is at 5.70.
PINE's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.94% |
5.2 History
PINE has been paying a dividend for over 5 years, so it has already some track record.
PINE has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
The earnings of PINE are negative and hence is the payout ratio. PINE will probably not be able to sustain this dividend level.
DP-2452.99%
EPS Next 2Y-68.69%
EPS Next 3Y-48.71%
ALPINE INCOME PROPERTY TRUST
NYSE:PINE (5/17/2024, 7:20:02 PM)
After market: 15.62 -0.22 (-1.39%)15.84
-0.02 (-0.13%)
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 Cap215.74M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.94% |
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)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 | -0.12% | ||
| ROE | -0.28% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 16.5% | ||
| PM (TTM) | N/A | ||
| GM | 84.93% | ||
| 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 Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.65 | ||
| Quick Ratio | 1.65 | ||
| 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)-101.72%
EPS 3Y28.28%
EPS 5Y
EPS growth Q2Q
EPS Next Y-207.37%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.02%
Revenue growth 3Y33.35%
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