PLAZA RETAIL REIT (PLZ-UN.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:PLZ-UN - CA72820F1036 - REIT
4.29 CAD
0 (0%)
Taking everything into account, PLZ-UN scores 5 out of 10 in our fundamental rating. PLZ-UN was compared to 38 industry peers in the Diversified REITs industry. While PLZ-UN has a great profitability rating, there are quite some concerns on its financial health. PLZ-UN scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
- PLZ-UN had positive earnings in the past year.
- PLZ-UN had a positive operating cash flow in the past year.
- Of the past 5 years PLZ-UN 4 years were profitable.
- Each year in the past 5 years PLZ-UN had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 3.05%, PLZ-UN belongs to the best of the industry, outperforming 86.84% of the companies in the same industry.
- The Return On Equity of PLZ-UN (7.08%) is better than 86.84% of its industry peers.
- PLZ-UN's Return On Invested Capital of 4.41% is fine compared to the rest of the industry. PLZ-UN outperforms 71.05% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for PLZ-UN is in line with the industry average of 5.49%.
- The 3 year average ROIC (4.29%) for PLZ-UN is below the current ROIC(4.41%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.05% | ||
| ROE | 7.08% | ||
| ROIC | 4.41% |
ROA(3y)2.62%
ROA(5y)2.95%
ROE(3y)6.24%
ROE(5y)7.07%
ROIC(3y)4.29%
ROIC(5y)4.35%
1.3 Margins
- With a decent Profit Margin value of 31.02%, PLZ-UN is doing good in the industry, outperforming 73.68% of the companies in the same industry.
- In the last couple of years the Profit Margin of PLZ-UN has declined.
- The Operating Margin of PLZ-UN (54.07%) is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of PLZ-UN has declined.
- PLZ-UN's Gross Margin of 85.91% is amongst the best of the industry. PLZ-UN outperforms 97.37% of its industry peers.
- PLZ-UN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 54.07% | ||
| PM (TTM) | 31.02% | ||
| GM | 85.91% |
OM growth 3Y-3.78%
OM growth 5Y-1.54%
PM growth 3Y-38.79%
PM growth 5Y-14.69%
GM growth 3Y9.84%
GM growth 5Y5.89%
2. Health
2.1 Basic Checks
- The number of shares outstanding for PLZ-UN remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, PLZ-UN has more shares outstanding
- PLZ-UN has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 0.79, we must say that PLZ-UN is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 0.79, PLZ-UN is in the better half of the industry, outperforming 76.32% of the companies in the same industry.
- PLZ-UN has a debt to FCF ratio of 16.37. This is a negative value and a sign of low solvency as PLZ-UN would need 16.37 years to pay back of all of its debts.
- PLZ-UN has a Debt to FCF ratio (16.37) which is in line with its industry peers.
- PLZ-UN has a Debt/Equity ratio of 0.99. This is a neutral value indicating PLZ-UN is somewhat dependend on debt financing.
- PLZ-UN's Debt to Equity ratio of 0.99 is fine compared to the rest of the industry. PLZ-UN outperforms 63.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.99 | ||
| Debt/FCF | 16.37 | ||
| Altman-Z | 0.79 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 0.29 indicates that PLZ-UN may have some problems paying its short term obligations.
- With a decent Current ratio value of 0.29, PLZ-UN is doing good in the industry, outperforming 63.16% of the companies in the same industry.
- A Quick Ratio of 0.29 indicates that PLZ-UN may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.29, PLZ-UN is in the better half of the industry, outperforming 65.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.29 | ||
| Quick Ratio | 0.29 |
3. Growth
3.1 Past
- PLZ-UN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 195.18%, which is quite impressive.
- Measured over the past years, PLZ-UN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -14.62% on average per year.
- Looking at the last year, PLZ-UN shows a small growth in Revenue. The Revenue has grown by 4.71% in the last year.
- PLZ-UN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.51% yearly.
EPS 1Y (TTM)195.18%
EPS 3Y-38.6%
EPS 5Y-14.62%
EPS Q2Q%70.87%
Revenue 1Y (TTM)4.71%
Revenue growth 3Y3.12%
Revenue growth 5Y1.51%
Sales Q2Q%4.25%
3.2 Future
- PLZ-UN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.56% yearly.
- PLZ-UN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.46% yearly.
EPS Next Y50%
EPS Next 2Y27.48%
EPS Next 3Y18.56%
EPS Next 5YN/A
Revenue Next Year4.13%
Revenue Next 2Y4.05%
Revenue Next 3Y3.46%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 12.26 indicates a correct valuation of PLZ-UN.
- 84.21% of the companies in the same industry are more expensive than PLZ-UN, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of PLZ-UN to the average of the S&P500 Index (28.82), we can say PLZ-UN is valued rather cheaply.
- The Price/Forward Earnings ratio is 10.89, which indicates a very decent valuation of PLZ-UN.
- Based on the Price/Forward Earnings ratio, PLZ-UN is valued cheaper than 86.84% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.95. PLZ-UN is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.26 | ||
| Fwd PE | 10.89 |
4.2 Price Multiples
- PLZ-UN's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PLZ-UN is cheaper than 60.53% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.42 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- PLZ-UN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of PLZ-UN may justify a higher PE ratio.
- PLZ-UN's earnings are expected to grow with 18.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y27.48%
EPS Next 3Y18.56%
5. Dividend
5.1 Amount
- PLZ-UN has a Yearly Dividend Yield of 6.97%, which is a nice return.
- PLZ-UN's Dividend Yield is comparable with the industry average which is at 7.11.
- PLZ-UN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.97% |
5.2 History
- The dividend of PLZ-UN decreases each year by -0.23%.
- PLZ-UN has been paying a dividend for at least 10 years, so it has a reliable track record.
- PLZ-UN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-0.23%
Div Incr Years1
Div Non Decr Years20
5.3 Sustainability
- PLZ-UN pays out 79.57% of its income as dividend. This is not a sustainable payout ratio.
DP79.57%
EPS Next 2Y27.48%
EPS Next 3Y18.56%
PLAZA RETAIL REIT / PLZ-UN.CA FAQ
What is the fundamental rating for PLZ-UN stock?
ChartMill assigns a fundamental rating of 5 / 10 to PLZ-UN.CA.
What is the valuation status for PLZ-UN stock?
ChartMill assigns a valuation rating of 7 / 10 to PLAZA RETAIL REIT (PLZ-UN.CA). This can be considered as Undervalued.
How profitable is PLAZA RETAIL REIT (PLZ-UN.CA) stock?
PLAZA RETAIL REIT (PLZ-UN.CA) has a profitability rating of 7 / 10.
What are the PE and PB ratios of PLAZA RETAIL REIT (PLZ-UN.CA) stock?
The Price/Earnings (PE) ratio for PLAZA RETAIL REIT (PLZ-UN.CA) is 12.26 and the Price/Book (PB) ratio is 0.86.
How sustainable is the dividend of PLAZA RETAIL REIT (PLZ-UN.CA) stock?
The dividend rating of PLAZA RETAIL REIT (PLZ-UN.CA) is 6 / 10 and the dividend payout ratio is 79.57%.