PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Fundamental Analysis
NYSE:PLYM - New York Stock Exchange, Inc. - US7296401026 - REIT - Currency: USD
Overall PLYM gets a fundamental rating of 4 out of 10. We evaluated PLYM against 130 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 not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
PLYM had positive earnings in the past year.
PLYM had a positive operating cash flow in the past year.
In multiple years PLYM reported negative net income over the last 5 years.
PLYM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PLYM has a Return On Assets of 9.78%. This is amongst the best in the industry. PLYM outperforms 99.23% of its industry peers.
PLYM has a better Return On Equity (24.08%) than 96.15% of its industry peers.
The Return On Invested Capital of PLYM (2.12%) is worse than 63.08% 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 3.16%.
The last Return On Invested Capital (2.12%) for PLYM is above the 3 year average (1.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 24.08% | ||
| ROIC | 2.12% |
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 70.99% is amongst the best of the industry. PLYM outperforms 99.23% of its industry peers.
PLYM has a Operating Margin of 18.42%. This is comparable to the rest of the industry: PLYM outperforms 41.54% of its industry peers.
In the last couple of years the Operating Margin of PLYM has grown nicely.
The Gross Margin of PLYM (69.16%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of PLYM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.42% | ||
| PM (TTM) | 70.99% | ||
| GM | 69.16% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLYM is destroying value.
The number of shares outstanding for PLYM has been increased compared to 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
PLYM has an Altman-Z score of 0.64. This is a bad value and indicates that PLYM is not financially healthy and even has some risk of bankruptcy.
PLYM has a Altman-Z score of 0.64. This is comparable to the rest of the industry: PLYM outperforms 57.69% of its industry peers.
PLYM has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
PLYM's Debt to Equity ratio of 1.24 is in line compared to the rest of the industry. PLYM outperforms 50.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.64 |
ROIC/WACC0.3
WACC7.02%
2.3 Liquidity
PLYM has a Current Ratio of 0.24. 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 Current ratio of PLYM (0.24) is worse than 88.46% of its industry peers.
PLYM has a Quick Ratio of 0.24. This is a bad value and indicates that PLYM is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.24, PLYM is doing worse than 87.69% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 |
3. Growth
3.1 Past
PLYM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 1518.75%, which is quite impressive.
PLYM shows a decrease in Revenue. In the last year, the revenue decreased by -3.48%.
Measured over the past years, PLYM shows a very strong growth in Revenue. The Revenue has been growing by 21.38% on average per year.
EPS 1Y (TTM)1518.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-228.57%
Revenue 1Y (TTM)-3.48%
Revenue growth 3Y12.16%
Revenue growth 5Y21.38%
Sales Q2Q%-9.2%
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 -17.82% on average per year.
PLYM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.53% yearly.
EPS Next Y-116.82%
EPS Next 2Y-48.95%
EPS Next 3Y-29.15%
EPS Next 5Y-17.82%
Revenue Next Year-4.02%
Revenue Next 2Y2.81%
Revenue Next 3Y4.96%
Revenue Next 5Y5.53%
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
A Price/Earnings ratio of 5.94 indicates a rather cheap valuation of PLYM.
Based on the Price/Earnings ratio, PLYM is valued cheaper than 96.92% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.48. PLYM is valued rather cheaply when compared to this.
The Forward Price/Earnings Ratio is negative for PLYM. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.94 | ||
| 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 somewhat cheap valuation: PLYM is cheaper than 70.77% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.76 |
4.3 Compensation for Growth
The decent profitability rating of PLYM may justify a higher PE ratio.
PLYM's earnings are expected to decrease with -29.15% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-48.95%
EPS Next 3Y-29.15%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.96%, PLYM is a good candidate for dividend investing.
PLYM's Dividend Yield is comparable with the industry average which is at 6.44.
PLYM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.96% |
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
32.65% of the earnings are spent on dividend by PLYM. This is a low number and sustainable payout ratio.
The Dividend Rate of PLYM has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP32.65%
EPS Next 2Y-48.95%
EPS Next 3Y-29.15%
15.39
-0.36 (-2.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.91%
Inst Owner Change-0.02%
Ins Owners1.43%
Ins Owner Change16.33%
Market Cap701.01M
Analysts75
Price Target18.76 (21.9%)
Short Float %5.3%
Short Ratio5.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.96% |
Yearly Dividend0.96
Dividend Growth(5Y)-14.54%
DP32.65%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)3957.39%
Min EPS beat(2)-341.18%
Max EPS beat(2)8255.96%
EPS beat(4)2
Avg EPS beat(4)1777.94%
Min EPS beat(4)-983.24%
Max EPS beat(4)8255.96%
EPS beat(8)5
Avg EPS beat(8)1020.33%
EPS beat(12)8
Avg EPS beat(12)682.47%
EPS beat(16)8
Avg EPS beat(16)502.79%
Revenue beat(2)0
Avg Revenue beat(2)-7.33%
Min Revenue beat(2)-8.34%
Max Revenue beat(2)-6.31%
Revenue beat(4)1
Avg Revenue beat(4)-5.07%
Min Revenue beat(4)-8.34%
Max Revenue beat(4)0.66%
Revenue beat(8)3
Avg Revenue beat(8)0.79%
Revenue beat(12)5
Avg Revenue beat(12)1.28%
Revenue beat(16)8
Avg Revenue beat(16)1.3%
PT rev (1m)0%
PT rev (3m)-6.76%
EPS NQ rev (1m)-5.89%
EPS NQ rev (3m)-5.89%
EPS NY rev (1m)22.16%
EPS NY rev (3m)-71.43%
Revenue NQ rev (1m)-2.82%
Revenue NQ rev (3m)-5.2%
Revenue NY rev (1m)-0.54%
Revenue NY rev (3m)-2.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.94 | ||
| Fwd PE | N/A | ||
| P/S | 3.62 | ||
| P/FCF | N/A | ||
| P/OCF | 7.37 | ||
| P/B | 1.23 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 11.76 |
EPS(TTM)2.59
EY16.83%
EPS(NY)-0.64
Fwd EYN/A
FCF(TTM)-2.58
FCFYN/A
OCF(TTM)2.09
OCFY13.56%
SpS4.25
BVpS12.54
TBVpS11.55
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.78% | ||
| ROE | 24.08% | ||
| ROCE | 2.69% | ||
| ROIC | 2.12% | ||
| ROICexc | 2.15% | ||
| ROICexgc | 2.33% | ||
| OM | 18.42% | ||
| PM (TTM) | 70.99% | ||
| GM | 69.16% | ||
| 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-Score6
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6 | ||
| Cap/Depr | 256.88% | ||
| Cap/Sales | 109.69% | ||
| Interest Coverage | 1.04 | ||
| Cash Conversion | 80.3% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.24 | ||
| Quick Ratio | 0.24 | ||
| Altman-Z | 0.64 |
F-Score6
WACC7.02%
ROIC/WACC0.3
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)1518.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-228.57%
EPS Next Y-116.82%
EPS Next 2Y-48.95%
EPS Next 3Y-29.15%
EPS Next 5Y-17.82%
Revenue 1Y (TTM)-3.48%
Revenue growth 3Y12.16%
Revenue growth 5Y21.38%
Sales Q2Q%-9.2%
Revenue Next Year-4.02%
Revenue Next 2Y2.81%
Revenue Next 3Y4.96%
Revenue Next 5Y5.53%
EBIT growth 1Y14.49%
EBIT growth 3Y56.66%
EBIT growth 5Y62.4%
EBIT Next Year158.07%
EBIT Next 3Y49.06%
EBIT Next 5Y30.16%
FCF growth 1Y-146.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y24.21%
OCF growth 3Y18.36%
OCF growth 5Y28.22%