PS BUSINESS PARKS INC/MD (PSB)
US69360J1079 - REIT
Taking everything into account, PSB scores 3 out of 10 in our fundamental rating. PSB was compared to 127 industry peers in the Diversified REITs industry. Both the profitability and financial health of PSB have multiple concerns. PSB is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PSB was profitable.
PSB had positive earnings in each of the past 5 years.
PSB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.65% | ||
| ROE | 27.57% | ||
| ROIC | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.31% | ||
| PM (TTM) | 110.66% | ||
| GM | N/A |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
PSB does not have a ROIC to compare to the WACC, probably because it is not profitable.
PSB has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, PSB has a worse debt to assets ratio.
2.2 Solvency
There is no outstanding debt for PSB. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACC7.54%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The earnings per share for PSB have decreased strongly by -79.73% in the last year.
The earnings per share for PSB have been decreasing by -12.13% on average. This is quite bad
PSB shows a small growth in Revenue. In the last year, the Revenue has grown by 6.23%.
PSB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.54% yearly.
EPS 1Y (TTM)-79.73%
EPS 3Y-25.28%
EPS 5Y-12.13%
EPS growth Q2Q-44.55%
Revenue 1Y (TTM)6.23%
Revenue growth 3Y1.99%
Revenue growth 5Y2.54%
Revenue growth Q2Q4.48%
3.2 Future
The Earnings Per Share is expected to grow by 34.79% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 7.68% on average over the next years.
EPS Next Y203%
EPS Next 2Y84.09%
EPS Next 3Y54.52%
EPS Next 5Y34.79%
Revenue Next Year13.53%
Revenue Next 2Y9.73%
Revenue Next 3Y8.81%
Revenue Next 5Y7.68%
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
The Price/Earnings ratio is 246.63, which means the current valuation is very expensive for PSB.
PSB is valuated expensively when we compare the Price/Earnings ratio to 28.11, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 45.71 indicates a quite expensive valuation of PSB.
PSB is valuated expensively when we compare the Price/Forward Earnings ratio to 20.39, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 246.63 | ||
| Fwd PE | 45.71 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.76 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as PSB's earnings are expected to grow with 54.52% in the coming years.
PEG (NY)1.21
PEG (5Y)N/A
EPS Next 2Y84.09%
EPS Next 3Y54.52%
5. Dividend
5.1 Amount
With a yearly dividend of 0.46%, PSB is not a good candidate for dividend investing.
Compared to an average S&P500 Dividend Yield of 2.40, PSB's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
5.2 History
The dividend of PSB has a limited annual growth rate of 3.39%.
PSB has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)3.39%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
PSB pays out 58.46% of its income as dividend. This is a bit on the high side, but may be sustainable.
PSB's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP58.46%
EPS Next 2Y84.09%
EPS Next 3Y54.52%
PS BUSINESS PARKS INC/MD
NYSE:PSB (7/19/2022, 7:09:04 PM)
After market: 187.5 +0.06 (+0.03%)187.44
+0.06 (+0.03%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap5.18B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.46% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 246.63 | ||
| Fwd PE | 45.71 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.21
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.65% | ||
| ROE | 27.57% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 43.31% | ||
| PM (TTM) | 110.66% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-79.73%
EPS 3Y-25.28%
EPS 5Y
EPS growth Q2Q
EPS Next Y203%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.23%
Revenue growth 3Y1.99%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y