PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Fundamental Analysis
USA - NYSE:PLYM - US7296401026 - REIT
22.33 USD
+0.14 (+0.63%)
22.33 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to PLYM. PLYM was compared to 129 industry peers in the Diversified REITs industry. There are concerns on the financial health of PLYM while its profitability can be described as average. PLYM 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 PLYM was profitable.
In the past year PLYM had a positive cash flow from operations.
In multiple years PLYM reported negative net income over the last 5 years.
In the past 5 years PLYM always reported a positive cash flow from operatings.
1.2 Ratios
PLYM has a Return On Assets of 8.21%. This is amongst the best in the industry. PLYM outperforms 99.22% of its industry peers.
The Return On Equity of PLYM (24.11%) is better than 96.12% of its industry peers.
PLYM's Return On Invested Capital of 1.82% is on the low side compared to the rest of the industry. PLYM is outperformed by 68.99% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PLYM is in line with the industry average of 3.04%.
The 3 year average ROIC (1.59%) for PLYM is below the current ROIC(1.82%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.21% | ||
| ROE | 24.11% | ||
| ROIC | 1.82% |
ROA(3y)2.98%
ROA(5y)0.72%
ROE(3y)6.82%
ROE(5y)1.26%
ROIC(3y)1.59%
ROIC(5y)1.17%
1.3 Margins
PLYM's Profit Margin of 67.67% is amongst the best of the industry. PLYM outperforms 99.22% of its industry peers.
PLYM has a Operating Margin (17.98%) which is in line with its industry peers.
PLYM's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 68.84%, PLYM is in line with its industry, outperforming 55.81% of the companies in the same industry.
In the last couple of years the Gross Margin of PLYM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 17.98% | ||
| PM (TTM) | 67.67% | ||
| GM | 68.84% |
OM growth 3Y39.69%
OM growth 5Y33.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.37%
GM growth 5Y1.53%
2. Health
2.1 Basic Checks
PLYM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
PLYM has more shares outstanding than it did 1 year ago.
The number of shares outstanding for PLYM has been increased compared to 5 years ago.
Compared to 1 year ago, PLYM has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.67, we must say that PLYM is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.67, PLYM is in the better half of the industry, outperforming 60.47% of the companies in the same industry.
A Debt/Equity ratio of 1.56 is on the high side and indicates that PLYM has dependencies on debt financing.
PLYM has a Debt to Equity ratio of 1.56. This is in the lower half of the industry: PLYM underperforms 61.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.67 |
ROIC/WACC0.26
WACC6.95%
2.3 Liquidity
A Current Ratio of 0.14 indicates that PLYM may have some problems paying its short term obligations.
PLYM's Current ratio of 0.14 is on the low side compared to the rest of the industry. PLYM is outperformed by 94.57% of its industry peers.
PLYM has a Quick Ratio of 0.14. This is a bad value and indicates that PLYM is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of PLYM (0.14) is worse than 94.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 |
3. Growth
3.1 Past
PLYM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 788.89%, which is quite impressive.
The Revenue has decreased by -3.64% in the past year.
The Revenue has been growing by 21.38% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)788.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-633.33%
Revenue 1Y (TTM)-3.64%
Revenue growth 3Y12.16%
Revenue growth 5Y21.38%
Sales Q2Q%-3.27%
3.2 Future
Based on estimates for the next years, PLYM will show a very negative growth in Earnings Per Share. The EPS will decrease by -16.17% on average per year.
Based on estimates for the next years, PLYM will show a small growth in Revenue. The Revenue will grow by 5.25% on average per year.
EPS Next Y-105.61%
EPS Next 2Y-47.09%
EPS Next 3Y-29.5%
EPS Next 5Y-16.17%
Revenue Next Year-3.86%
Revenue Next 2Y2.8%
Revenue Next 3Y5.15%
Revenue Next 5Y5.25%
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
With a Price/Earnings ratio of 9.30, the valuation of PLYM can be described as very reasonable.
97.67% of the companies in the same industry are more expensive than PLYM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of PLYM to the average of the S&P500 Index (27.76), we can say PLYM is valued rather cheaply.
PLYM is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.3 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PLYM indicates a slightly more expensive valuation: PLYM is more expensive than 61.24% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.69 |
4.3 Compensation for Growth
PLYM has a very decent profitability rating, which may justify a higher PE ratio.
PLYM's earnings are expected to decrease with -29.50% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-47.09%
EPS Next 3Y-29.5%
5. Dividend
5.1 Amount
PLYM has a Yearly Dividend Yield of 4.37%, which is a nice return.
PLYM's Dividend Yield is comparable with the industry average which is at 6.41.
PLYM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
5.2 History
The dividend of PLYM decreases each year by -14.54%.
PLYM has been paying a dividend for over 5 years, so it has already some track record.
The dividend of PLYM decreased recently.
Dividend Growth(5Y)-14.54%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PLYM pays out 35.03% of its income as dividend. This is a sustainable payout ratio.
PLYM's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP35.03%
EPS Next 2Y-47.09%
EPS Next 3Y-29.5%
22.33
+0.14 (+0.63%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners109.18%
Inst Owner Change2.39%
Ins Owners1.55%
Ins Owner Change4.29%
Market Cap994.80M
Analysts74.67
Price Target20.69 (-7.34%)
Short Float %3.31%
Short Ratio1.53
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.37% |
Yearly Dividend0.96
Dividend Growth(5Y)-14.54%
DP35.03%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-185.95%
Min EPS beat(2)-341.18%
Max EPS beat(2)-30.72%
EPS beat(4)1
Avg EPS beat(4)1725.21%
Min EPS beat(4)-983.24%
Max EPS beat(4)8255.96%
EPS beat(8)4
Avg EPS beat(8)1013.18%
EPS beat(12)7
Avg EPS beat(12)678.88%
EPS beat(16)8
Avg EPS beat(16)502.68%
Revenue beat(2)0
Avg Revenue beat(2)-3.5%
Min Revenue beat(2)-6.31%
Max Revenue beat(2)-0.7%
Revenue beat(4)1
Avg Revenue beat(4)-3.67%
Min Revenue beat(4)-8.34%
Max Revenue beat(4)0.66%
Revenue beat(8)2
Avg Revenue beat(8)-3.19%
Revenue beat(12)5
Avg Revenue beat(12)1.26%
Revenue beat(16)8
Avg Revenue beat(16)1.36%
PT rev (1m)5.97%
PT rev (3m)10.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-16.67%
EPS NY rev (1m)20%
EPS NY rev (3m)74.05%
Revenue NQ rev (1m)-0.29%
Revenue NQ rev (3m)1.45%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)0.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.3 | ||
| Fwd PE | N/A | ||
| P/S | 5.18 | ||
| P/FCF | N/A | ||
| P/OCF | 10.09 | ||
| P/B | 1.84 | ||
| P/tB | 2.05 | ||
| EV/EBITDA | 15.69 |
EPS(TTM)2.4
EY10.75%
EPS(NY)-0.48
Fwd EYN/A
FCF(TTM)-7.2
FCFYN/A
OCF(TTM)2.21
OCFY9.91%
SpS4.31
BVpS12.11
TBVpS10.89
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.21% | ||
| ROE | 24.11% | ||
| ROCE | 2.3% | ||
| ROIC | 1.82% | ||
| ROICexc | 1.83% | ||
| ROICexgc | 1.97% | ||
| OM | 17.98% | ||
| PM (TTM) | 67.67% | ||
| GM | 68.84% | ||
| FCFM | N/A |
ROA(3y)2.98%
ROA(5y)0.72%
ROE(3y)6.82%
ROE(5y)1.26%
ROIC(3y)1.59%
ROIC(5y)1.17%
ROICexc(3y)1.61%
ROICexc(5y)1.18%
ROICexgc(3y)1.76%
ROICexgc(5y)1.29%
ROCE(3y)2.02%
ROCE(5y)1.48%
ROICexcg growth 3Y52.48%
ROICexcg growth 5Y40.61%
ROICexc growth 3Y52.9%
ROICexc growth 5Y41.59%
OM growth 3Y39.69%
OM growth 5Y33.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.37%
GM growth 5Y1.53%
F-Score5
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.56 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.25 | ||
| Cap/Depr | 516.47% | ||
| Cap/Sales | 218.16% | ||
| Interest Coverage | 1.09 | ||
| Cash Conversion | 85.16% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.14 | ||
| Quick Ratio | 0.14 | ||
| Altman-Z | 0.67 |
F-Score5
WACC6.95%
ROIC/WACC0.26
Cap/Depr(3y)157.68%
Cap/Depr(5y)286.66%
Cap/Sales(3y)76.26%
Cap/Sales(5y)143.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)788.89%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-633.33%
EPS Next Y-105.61%
EPS Next 2Y-47.09%
EPS Next 3Y-29.5%
EPS Next 5Y-16.17%
Revenue 1Y (TTM)-3.64%
Revenue growth 3Y12.16%
Revenue growth 5Y21.38%
Sales Q2Q%-3.27%
Revenue Next Year-3.86%
Revenue Next 2Y2.8%
Revenue Next 3Y5.15%
Revenue Next 5Y5.25%
EBIT growth 1Y1.33%
EBIT growth 3Y56.66%
EBIT growth 5Y62.4%
EBIT Next Year165%
EBIT Next 3Y49.06%
EBIT Next 5Y28.44%
FCF growth 1Y-11936.3%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y29.58%
OCF growth 3Y18.36%
OCF growth 5Y28.22%