REGENCY CENTERS CORP (REG)
US7588491032 - REIT
Taking everything into account, REG scores 4 out of 10 in our fundamental rating. REG was compared to 127 industry peers in the Diversified REITs industry. REG has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, REG is valued expensive at the moment. REG also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
REG had positive earnings in the past year.
REG had a positive operating cash flow in the past year.
In the past 5 years REG has always been profitable.
In the past 5 years REG always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.91%, REG is in the better half of the industry, outperforming 76.80% of the companies in the same industry.
REG has a Return On Equity of 5.25%. This is in the better half of the industry: REG outperforms 70.40% of its industry peers.
REG has a better Return On Invested Capital (3.14%) than 61.60% of its industry peers.
REG had an Average Return On Invested Capital over the past 3 years of 3.43%. This is in line with the industry average of 3.01%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 5.25% | ||
| ROIC | 3.14% |
ROA(3y)3.56%
ROA(5y)2.65%
ROE(3y)6.34%
ROE(5y)4.72%
ROIC(3y)3.43%
ROIC(5y)3.02%
1.3 Margins
With a decent Profit Margin value of 26.94%, REG is doing good in the industry, outperforming 79.20% of the companies in the same industry.
In the last couple of years the Profit Margin of REG has grown nicely.
REG's Operating Margin of 34.87% is fine compared to the rest of the industry. REG outperforms 73.60% of its industry peers.
REG's Operating Margin has been stable in the last couple of years.
The Gross Margin of REG (69.83%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of REG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.87% | ||
| PM (TTM) | 26.94% | ||
| GM | 69.83% |
OM growth 3Y10.09%
OM growth 5Y0.86%
PM growth 3Y83.24%
PM growth 5Y4.11%
GM growth 3Y0.46%
GM growth 5Y-0.72%
2. Health
2.1 Basic Checks
REG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
REG has more shares outstanding than it did 1 year ago.
The number of shares outstanding for REG has been increased compared to 5 years ago.
The debt/assets ratio for REG has been reduced compared to a year ago.
2.2 Solvency
REG has an Altman-Z score of 1.27. This is a bad value and indicates that REG is not financially healthy and even has some risk of bankruptcy.
REG has a Altman-Z score of 1.27. This is amongst the best in the industry. REG outperforms 82.40% of its industry peers.
REG has a debt to FCF ratio of 10.67. This is a negative value and a sign of low solvency as REG would need 10.67 years to pay back of all of its debts.
REG has a better Debt to FCF ratio (10.67) than 87.20% of its industry peers.
A Debt/Equity ratio of 0.63 indicates that REG is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.63, REG belongs to the top of the industry, outperforming 80.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 10.67 | ||
| Altman-Z | 1.27 |
ROIC/WACC0.42
WACC7.44%
2.3 Liquidity
REG has a Current Ratio of 0.77. This is a bad value and indicates that REG is not financially healthy enough and could expect problems in meeting its short term obligations.
REG's Current ratio of 0.77 is on the low side compared to the rest of the industry. REG is outperformed by 77.60% of its industry peers.
REG has a Quick Ratio of 0.77. This is a bad value and indicates that REG is not financially healthy enough and could expect problems in meeting its short term obligations.
REG has a worse Quick ratio (0.72) than 77.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.72 |
3. Growth
3.1 Past
REG shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -8.44%.
REG shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.02% yearly.
REG shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.48%.
REG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.36% yearly.
EPS 1Y (TTM)-8.44%
EPS 3Y99.03%
EPS 5Y7.02%
EPS Q2Q%1.75%
Revenue 1Y (TTM)10.48%
Revenue growth 3Y9.18%
Revenue growth 5Y3.36%
Sales Q2Q%14.43%
3.2 Future
The Earnings Per Share is expected to grow by 5.64% on average over the next years.
The Revenue is expected to grow by 6.05% on average over the next years.
EPS Next Y-3.48%
EPS Next 2Y2.16%
EPS Next 3Y4.86%
EPS Next 5Y5.64%
Revenue Next Year8.84%
Revenue Next 2Y6.23%
Revenue Next 3Y6.05%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
With a Price/Earnings ratio of 31.73, REG can be considered very expensive at the moment.
Based on the Price/Earnings ratio, REG is valued a bit cheaper than 62.40% of the companies in the same industry.
REG is valuated rather expensively when we compare the Price/Earnings ratio to 24.41, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 30.55, the valuation of REG can be described as expensive.
REG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. REG is cheaper than 77.60% of the companies in the same industry.
REG's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 20.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.73 | ||
| Fwd PE | 30.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, REG is valued more expensive than 80.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, REG is valued a bit cheaper than the industry average as 60.80% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.17 | ||
| EV/EBITDA | 19.01 |
4.3 Compensation for Growth
The decent profitability rating of REG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)4.52
EPS Next 2Y2.16%
EPS Next 3Y4.86%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.05%, REG is a good candidate for dividend investing.
REG's Dividend Yield is comparable with the industry average which is at 5.52.
Compared to an average S&P500 Dividend Yield of 2.30, REG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
5.2 History
The dividend of REG has a limited annual growth rate of 3.01%.
REG has paid a dividend for at least 10 years, which is a reliable track record.
REG has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)3.01%
Div Incr Years10
Div Non Decr Years13
5.3 Sustainability
128.14% of the earnings are spent on dividend by REG. This is not a sustainable payout ratio.
REG's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP128.14%
EPS Next 2Y2.16%
EPS Next 3Y4.86%
REGENCY CENTERS CORP
NASDAQ:REG (7/26/2024, 7:00:01 PM)
After market: 65.36 0 (0%)65.36
+1.2 (+1.87%)
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 Cap12.08B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.05% |
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)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
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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 | 31.73 | ||
| Fwd PE | 30.55 | ||
| 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)N/A
PEG (5Y)4.52
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.91% | ||
| ROE | 5.25% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 34.87% | ||
| PM (TTM) | 26.94% | ||
| GM | 69.83% | ||
| 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 Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.72 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-8.44%
EPS 3Y99.03%
EPS 5Y
EPS Q2Q%
EPS Next Y-3.48%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)10.48%
Revenue growth 3Y9.18%
Revenue growth 5Y
Sales 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