REXFORD INDUSTRIAL REALTY IN (REXR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:REXR - US76169C1009 - REIT
39.435 USD
+0.07 (+0.17%)
Taking everything into account, REXR scores 5 out of 10 in our fundamental rating. REXR was compared to 125 industry peers in the Diversified REITs industry. While REXR belongs to the best of the industry regarding profitability, there are concerns on its financial health. While showing a medium growth rate, REXR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- REXR had positive earnings in the past year.
- In the past year REXR had a positive cash flow from operations.
- REXR had positive earnings in each of the past 5 years.
- Each year in the past 5 years REXR had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.55%, REXR is in the better half of the industry, outperforming 67.20% of the companies in the same industry.
- REXR has a Return On Equity (3.78%) which is in line with its industry peers.
- REXR has a Return On Invested Capital (2.41%) which is comparable to the rest of the industry.
- The Average Return On Invested Capital over the past 3 years for REXR is in line with the industry average of 3.07%.
- The last Return On Invested Capital (2.41%) for REXR is above the 3 year average (2.16%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.55% | ||
| ROE | 3.78% | ||
| ROIC | 2.41% |
ROA(3y)1.95%
ROA(5y)1.75%
ROE(3y)2.83%
ROE(5y)2.54%
ROIC(3y)2.16%
ROIC(5y)1.96%
1.3 Margins
- With an excellent Profit Margin value of 32.90%, REXR belongs to the best of the industry, outperforming 85.60% of the companies in the same industry.
- In the last couple of years the Profit Margin of REXR has grown nicely.
- REXR has a Operating Margin of 38.17%. This is amongst the best in the industry. REXR outperforms 84.00% of its industry peers.
- In the last couple of years the Operating Margin of REXR has grown nicely.
- REXR has a Gross Margin of 77.51%. This is in the better half of the industry: REXR outperforms 75.20% of its industry peers.
- In the last couple of years the Gross Margin of REXR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 38.17% | ||
| PM (TTM) | 32.9% | ||
| GM | 77.51% |
OM growth 3Y7.26%
OM growth 5Y7.06%
PM growth 3Y4.32%
PM growth 5Y8.23%
GM growth 3Y0.59%
GM growth 5Y0.32%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so REXR is destroying value.
- Compared to 1 year ago, REXR has more shares outstanding
- Compared to 5 years ago, REXR has more shares outstanding
- REXR has a worse debt/assets ratio than last year.
2.2 Solvency
- REXR has an Altman-Z score of 1.43. This is a bad value and indicates that REXR is not financially healthy and even has some risk of bankruptcy.
- With an excellent Altman-Z score value of 1.43, REXR belongs to the best of the industry, outperforming 89.60% of the companies in the same industry.
- REXR has a debt to FCF ratio of 15.72. This is a negative value and a sign of low solvency as REXR would need 15.72 years to pay back of all of its debts.
- REXR has a better Debt to FCF ratio (15.72) than 84.00% of its industry peers.
- A Debt/Equity ratio of 0.37 indicates that REXR is not too dependend on debt financing.
- REXR's Debt to Equity ratio of 0.37 is amongst the best of the industry. REXR outperforms 95.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 15.72 | ||
| Altman-Z | 1.43 |
ROIC/WACC0.33
WACC7.32%
2.3 Liquidity
- A Current Ratio of 0.71 indicates that REXR may have some problems paying its short term obligations.
- The Current ratio of REXR (0.71) is worse than 65.60% of its industry peers.
- REXR has a Quick Ratio of 0.71. This is a bad value and indicates that REXR is not financially healthy enough and could expect problems in meeting its short term obligations.
- REXR has a worse Quick ratio (0.71) than 63.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
- REXR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.45%, which is quite good.
- Measured over the past years, REXR shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.82% on average per year.
- The Revenue has grown by 10.40% in the past year. This is quite good.
- Measured over the past years, REXR shows a very strong growth in Revenue. The Revenue has been growing by 28.51% on average per year.
EPS 1Y (TTM)15.45%
EPS 3Y14.79%
EPS 5Y20.82%
EPS Q2Q%23.33%
Revenue 1Y (TTM)10.4%
Revenue growth 3Y27.46%
Revenue growth 5Y28.51%
Sales Q2Q%4.71%
3.2 Future
- The Earnings Per Share is expected to grow by 11.12% on average over the next years. This is quite good.
- REXR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.57% yearly.
EPS Next Y16.05%
EPS Next 2Y0.44%
EPS Next 3Y-2.56%
EPS Next 5Y11.12%
Revenue Next Year6.76%
Revenue Next 2Y4.29%
Revenue Next 3Y4.47%
Revenue Next 5Y6.57%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- 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
- Based on the Price/Earnings ratio of 27.77, the valuation of REXR can be described as expensive.
- Based on the Price/Earnings ratio, REXR is valued a bit cheaper than the industry average as 67.20% of the companies are valued more expensively.
- REXR is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 32.31, which means the current valuation is very expensive for REXR.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of REXR indicates a somewhat cheap valuation: REXR is cheaper than 74.40% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.32, REXR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.77 | ||
| Fwd PE | 32.31 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, REXR is valued a bit more expensive than 71.20% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, REXR is valued a bit cheaper than 69.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.41 | ||
| EV/EBITDA | 17.58 |
4.3 Compensation for Growth
- REXR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of REXR may justify a higher PE ratio.
- A cheap valuation may be justified as REXR's earnings are expected to decrease with -2.56% in the coming years.
PEG (NY)1.73
PEG (5Y)1.33
EPS Next 2Y0.44%
EPS Next 3Y-2.56%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.19%, REXR is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 6.59, REXR is paying slightly less dividend.
- REXR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.19% |
5.2 History
- On average, the dividend of REXR grows each year by 15.33%, which is quite nice.
- REXR has paid a dividend for at least 10 years, which is a reliable track record.
- REXR has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)15.33%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
- 126.21% of the earnings are spent on dividend by REXR. This is not a sustainable payout ratio.
- The dividend of REXR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP126.21%
EPS Next 2Y0.44%
EPS Next 3Y-2.56%
REXFORD INDUSTRIAL REALTY IN / REXR FAQ
What is the fundamental rating for REXR stock?
ChartMill assigns a fundamental rating of 5 / 10 to REXR.
Can you provide the valuation status for REXFORD INDUSTRIAL REALTY IN?
ChartMill assigns a valuation rating of 3 / 10 to REXFORD INDUSTRIAL REALTY IN (REXR). This can be considered as Overvalued.
Can you provide the profitability details for REXFORD INDUSTRIAL REALTY IN?
REXFORD INDUSTRIAL REALTY IN (REXR) has a profitability rating of 7 / 10.
What are the PE and PB ratios of REXFORD INDUSTRIAL REALTY IN (REXR) stock?
The Price/Earnings (PE) ratio for REXFORD INDUSTRIAL REALTY IN (REXR) is 27.77 and the Price/Book (PB) ratio is 1.06.
Can you provide the expected EPS growth for REXR stock?
The Earnings per Share (EPS) of REXFORD INDUSTRIAL REALTY IN (REXR) is expected to grow by 16.05% in the next year.