PLYMOUTH INDUSTRIAL REIT INC (PLYM) Stock Fundamental Analysis
NYSE:PLYM - New York Stock Exchange, Inc. - US7296401026 - REIT - Currency: USD
Taking everything into account, PLYM scores 4 out of 10 in our fundamental rating. 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 not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PLYM was profitable.
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
With an excellent Return On Assets value of 9.78%, PLYM belongs to the best of the industry, outperforming 99.22% of the companies in the same industry.
PLYM has a better Return On Equity (24.08%) than 96.12% of its industry peers.
The Return On Invested Capital of PLYM (2.12%) is worse than 62.79% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PLYM is in line with the industry average of 3.15%.
The 3 year average ROIC (1.59%) for PLYM is below the current ROIC(2.12%), indicating increased profibility in the last year.
| 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 has a Profit Margin of 70.99%. This is amongst the best in the industry. PLYM outperforms 99.22% of its industry peers.
Looking at the Operating Margin, with a value of 18.42%, PLYM is in line with its industry, outperforming 41.86% of the companies in the same industry.
In the last couple of years the Operating Margin of PLYM has grown nicely.
PLYM has a Gross Margin (69.16%) which is in line with its industry peers.
PLYM's Gross Margin has improved in the last couple of years.
| 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
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.
Compared to 5 years ago, PLYM has more shares outstanding
The debt/assets ratio for PLYM has been reduced compared to a year ago.
2.2 Solvency
PLYM has an Altman-Z score of 0.67. This is a bad value and indicates that PLYM is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.67, PLYM is in line with its industry, outperforming 58.91% of the companies in the same industry.
PLYM has a Debt/Equity ratio of 1.24. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.24, PLYM perfoms like the industry average, outperforming 50.39% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.24 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.67 |
ROIC/WACC0.26
WACC8.19%
2.3 Liquidity
A Current Ratio of 0.24 indicates that PLYM may have some problems paying its short term obligations.
The Current ratio of PLYM (0.24) is worse than 88.37% 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.
PLYM has a worse Quick ratio (0.24) than 87.60% of its industry peers.
| 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.
Looking at the last year, PLYM shows a decrease in Revenue. The Revenue has decreased by -3.48% in the last year.
The Revenue has been growing by 21.38% on average over the past years. This is a very strong growth!
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
PLYM is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -17.82% yearly.
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-121.62%
EPS Next 2Y-47.93%
EPS Next 3Y-30.33%
EPS Next 5Y-17.82%
Revenue Next Year-3.5%
Revenue Next 2Y2.68%
Revenue Next 3Y5.71%
Revenue Next 5Y5.53%
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
Based on the Price/Earnings ratio of 6.35, the valuation of PLYM can be described as very cheap.
Based on the Price/Earnings ratio, PLYM is valued cheaper than 96.90% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.34, 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 | 6.35 | ||
| Fwd PE | N/A |
4.2 Price Multiples
PLYM's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PLYM is cheaper than 68.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 12.16 |
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 -30.33% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-47.93%
EPS Next 3Y-30.33%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.73%, PLYM is a good candidate for dividend investing.
PLYM's Dividend Yield is comparable with the industry average which is at 6.77.
Compared to an average S&P500 Dividend Yield of 2.40, PLYM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.73% |
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.
PLYM has decreased its dividend recently.
Dividend Growth(5Y)-14.54%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
PLYM pays out 32.65% 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.
DP32.65%
EPS Next 2Y-47.93%
EPS Next 3Y-30.33%
16.45
+0.08 (+0.49%)
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-0.28%
Ins Owners1.43%
Ins Owner Change12.58%
Market Cap749.30M
Analysts75
Price Target18.76 (14.04%)
Short Float %2.92%
Short Ratio3.26
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.73% |
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)4089.74%
Min EPS beat(2)-76.47%
Max EPS beat(2)8255.96%
EPS beat(4)2
Avg EPS beat(4)1844.11%
Min EPS beat(4)-983.24%
Max EPS beat(4)8255.96%
EPS beat(8)5
Avg EPS beat(8)1053.42%
EPS beat(12)8
Avg EPS beat(12)704.52%
EPS beat(16)8
Avg EPS beat(16)519.33%
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)-0.6%
PT rev (3m)-10.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-855.53%
EPS NY rev (1m)0%
EPS NY rev (3m)-468.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-9.59%
Revenue NY rev (1m)0.18%
Revenue NY rev (3m)-6.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.35 | ||
| Fwd PE | N/A | ||
| P/S | 3.87 | ||
| P/FCF | N/A | ||
| P/OCF | 7.88 | ||
| P/B | 1.31 | ||
| P/tB | 1.42 | ||
| EV/EBITDA | 12.16 |
EPS(TTM)2.59
EY15.74%
EPS(NY)-0.55
Fwd EYN/A
FCF(TTM)-2.58
FCFYN/A
OCF(TTM)2.09
OCFY12.69%
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 | 0.67 |
F-Score6
WACC8.19%
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)1518.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-228.57%
EPS Next Y-121.62%
EPS Next 2Y-47.93%
EPS Next 3Y-30.33%
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-3.5%
Revenue Next 2Y2.68%
Revenue Next 3Y5.71%
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%