ALPINE INCOME PROPERTY TRUST (PINE) Stock Fundamental Analysis
NYSE:PINE - New York Stock Exchange, Inc. - US02083X1037 - REIT - Currency: USD
Taking everything into account, PINE scores 3 out of 10 in our fundamental rating. PINE was compared to 130 industry peers in the Diversified REITs industry. PINE has a medium profitability rating, but doesn't score so well on its financial health evaluation. PINE is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PINE has reported negative net income.
PINE had a positive operating cash flow in the past year.
In the past 5 years PINE has always been profitable.
In the past 5 years PINE always reported a positive cash flow from operatings.
1.2 Ratios
PINE has a Return On Assets (0.18%) which is comparable to the rest of the industry.
The Return On Equity of PINE (0.48%) is comparable to the rest of the industry.
The Return On Invested Capital of PINE (1.58%) is worse than 74.62% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PINE is in line with the industry average of 3.17%.
The last Return On Invested Capital (1.58%) for PINE is above the 3 year average (1.35%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.18% | ||
| ROE | 0.48% | ||
| ROIC | 1.58% |
ROA(3y)2.01%
ROA(5y)1.68%
ROE(3y)4.45%
ROE(5y)3.84%
ROIC(3y)1.35%
ROIC(5y)1.12%
1.3 Margins
With a Profit Margin value of 2.13%, PINE perfoms like the industry average, outperforming 44.62% of the companies in the same industry.
PINE's Profit Margin has declined in the last couple of years.
PINE has a Operating Margin (23.72%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of PINE has declined.
With an excellent Gross Margin value of 85.92%, PINE belongs to the best of the industry, outperforming 86.92% of the companies in the same industry.
PINE's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.72% | ||
| PM (TTM) | 2.13% | ||
| GM | 85.92% |
OM growth 3Y8.89%
OM growth 5Y-3.06%
PM growth 3Y-50.72%
PM growth 5Y-31.96%
GM growth 3Y-0.9%
GM growth 5Y0.21%
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
Compared to 5 years ago, PINE has more shares outstanding
PINE has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.40, we must say that PINE is in the distress zone and has some risk of bankruptcy.
PINE has a Altman-Z score (0.40) which is in line with its industry peers.
PINE has a Debt/Equity ratio of 1.52. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.52, PINE is not doing good in the industry: 60.77% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.4 |
ROIC/WACC0.24
WACC6.46%
2.3 Liquidity
PINE has a Current Ratio of 1.28. This is a normal value and indicates that PINE is financially healthy and should not expect problems in meeting its short term obligations.
PINE has a Current ratio of 1.28. This is in the better half of the industry: PINE outperforms 66.15% of its industry peers.
A Quick Ratio of 1.28 indicates that PINE should not have too much problems paying its short term obligations.
The Quick ratio of PINE (1.28) is better than 66.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 |
3. Growth
3.1 Past
PINE shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.00%.
The earnings per share for PINE have been decreasing by -18.88% on average. This is quite bad
The Revenue has grown by 14.42% in the past year. This is quite good.
The Revenue has been growing by 31.60% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-25%
EPS 3Y-8.04%
EPS 5Y-18.88%
EPS Q2Q%-1300%
Revenue 1Y (TTM)14.42%
Revenue growth 3Y20.12%
Revenue growth 5Y31.6%
Sales Q2Q%19%
3.2 Future
The Earnings Per Share is expected to decrease by -27.61% on average over the next years. This is quite bad
PINE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.56% yearly.
EPS Next Y-187.43%
EPS Next 2Y-53.25%
EPS Next 3Y-10.02%
EPS Next 5Y-27.61%
Revenue Next Year13.7%
Revenue Next 2Y6.79%
Revenue Next 3Y2.45%
Revenue Next 5Y4.56%
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
PINE reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
PINE is valuated quite expensively with a Price/Forward Earnings ratio of 456.21.
PINE's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. PINE is more expensive than 60.00% of the companies in the same industry.
PINE is valuated expensively when we compare the Price/Forward Earnings ratio to 37.78, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 456.21 |
4.2 Price Multiples
PINE's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.25 |
4.3 Compensation for Growth
A cheap valuation may be justified as PINE's earnings are expected to decrease with -10.02% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-53.25%
EPS Next 3Y-10.02%
5. Dividend
5.1 Amount
PINE has a Yearly Dividend Yield of 7.91%, which is a nice return.
PINE's Dividend Yield is a higher than the industry average which is at 6.46.
Compared to an average S&P500 Dividend Yield of 2.32, PINE pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.91% |
5.2 History
PINE has been paying a dividend for over 5 years, so it has already some track record.
As PINE did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)N/A
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
1499.56% of the earnings are spent on dividend by PINE. This is not a sustainable payout ratio.
DP1499.56%
EPS Next 2Y-53.25%
EPS Next 3Y-10.02%
13.96
-0.32 (-2.24%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners62.96%
Inst Owner Change0.67%
Ins Owners0.77%
Ins Owner Change0.91%
Market Cap199.21M
Analysts84.44
Price Target18.74 (34.24%)
Short Float %0.82%
Short Ratio1.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.91% |
Yearly Dividend1.18
Dividend Growth(5Y)N/A
DP1499.56%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)2
Avg Revenue beat(2)0.98%
Min Revenue beat(2)0.37%
Max Revenue beat(2)1.59%
Revenue beat(4)3
Avg Revenue beat(4)2.91%
Min Revenue beat(4)-0.2%
Max Revenue beat(4)9.87%
Revenue beat(8)5
Avg Revenue beat(8)1.38%
Revenue beat(12)7
Avg Revenue beat(12)0.75%
Revenue beat(16)11
Avg Revenue beat(16)2.2%
PT rev (1m)-1.01%
PT rev (3m)-3.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1600%
EPS NY rev (1m)-6.67%
EPS NY rev (3m)-549.94%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 456.21 | ||
| P/S | 3.69 | ||
| P/FCF | N/A | ||
| P/OCF | 7.45 | ||
| P/B | 0.83 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 14.25 |
EPS(TTM)-0.05
EYN/A
EPS(NY)0.03
Fwd EY0.22%
FCF(TTM)-6.07
FCFYN/A
OCF(TTM)1.87
OCFY13.43%
SpS3.78
BVpS16.89
TBVpS13.66
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.18% | ||
| ROE | 0.48% | ||
| ROCE | 2% | ||
| ROIC | 1.58% | ||
| ROICexc | 1.6% | ||
| ROICexgc | 1.74% | ||
| OM | 23.72% | ||
| PM (TTM) | 2.13% | ||
| GM | 85.92% | ||
| FCFM | N/A |
ROA(3y)2.01%
ROA(5y)1.68%
ROE(3y)4.45%
ROE(5y)3.84%
ROIC(3y)1.35%
ROIC(5y)1.12%
ROICexc(3y)1.36%
ROICexc(5y)1.14%
ROICexgc(3y)1.53%
ROICexgc(5y)1.29%
ROCE(3y)1.71%
ROCE(5y)1.42%
ROICexcg growth 3Y21.28%
ROICexcg growth 5Y-4.5%
ROICexc growth 3Y22.94%
ROICexc growth 5Y-3.12%
OM growth 3Y8.89%
OM growth 5Y-3.06%
PM growth 3Y-50.72%
PM growth 5Y-31.96%
GM growth 3Y-0.9%
GM growth 5Y0.21%
F-Score5
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.52 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 9.34 | ||
| Cap/Depr | 427.52% | ||
| Cap/Sales | 210.08% | ||
| Interest Coverage | 1.04 | ||
| Cash Conversion | 68.03% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.28 | ||
| Quick Ratio | 1.28 | ||
| Altman-Z | 0.4 |
F-Score5
WACC6.46%
ROIC/WACC0.24
Cap/Depr(3y)473.98%
Cap/Depr(5y)803.52%
Cap/Sales(3y)248.74%
Cap/Sales(5y)420.98%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-25%
EPS 3Y-8.04%
EPS 5Y-18.88%
EPS Q2Q%-1300%
EPS Next Y-187.43%
EPS Next 2Y-53.25%
EPS Next 3Y-10.02%
EPS Next 5Y-27.61%
Revenue 1Y (TTM)14.42%
Revenue growth 3Y20.12%
Revenue growth 5Y31.6%
Sales Q2Q%19%
Revenue Next Year13.7%
Revenue Next 2Y6.79%
Revenue Next 3Y2.45%
Revenue Next 5Y4.56%
EBIT growth 1Y65.25%
EBIT growth 3Y30.81%
EBIT growth 5Y27.57%
EBIT Next Year213.42%
EBIT Next 3Y49.15%
EBIT Next 5Y30.62%
FCF growth 1Y12.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y11.87%
OCF growth 3Y14.19%
OCF growth 5Y23.51%