REXFORD INDUSTRIAL REALTY IN (REXR) Stock Fundamental Analysis
USA - NYSE:REXR - US76169C1009 - REIT
44.26 USD
+0.5 (+1.14%)
44.26 USD
0 (0%)
Taking everything into account, REXR scores 6 out of 10 in our fundamental rating. REXR was compared to 127 industry peers in the Diversified REITs industry. While REXR belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. REXR shows excellent growth, but is valued quite expensive already. These ratings would make REXR suitable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year REXR was profitable.
REXR had a positive operating cash flow in the past year.
In the past 5 years REXR has always been profitable.
In the past 5 years REXR always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.34%, REXR is in the better half of the industry, outperforming 68.50% of the companies in the same industry.
Looking at the Return On Equity, with a value of 3.47%, REXR is in line with its industry, outperforming 57.48% of the companies in the same industry.
REXR has a Return On Invested Capital (2.38%) which is comparable to the rest of the industry.
REXR had an Average Return On Invested Capital over the past 3 years of 2.16%. This is in line with the industry average of 3.04%.
The last Return On Invested Capital (2.38%) for REXR is above the 3 year average (2.16%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.34% | ||
| ROE | 3.47% | ||
| ROIC | 2.38% |
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
Looking at the Profit Margin, with a value of 31.04%, REXR belongs to the top of the industry, outperforming 85.83% of the companies in the same industry.
In the last couple of years the Profit Margin of REXR has grown nicely.
Looking at the Operating Margin, with a value of 38.89%, REXR belongs to the top of the industry, outperforming 84.25% of the companies in the same industry.
REXR's Operating Margin has improved in the last couple of years.
The Gross Margin of REXR (77.55%) is better than 75.59% 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 | 38.89% | ||
| PM (TTM) | 31.04% | ||
| GM | 77.55% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), REXR is destroying value.
The number of shares outstanding for REXR has been increased compared to 1 year ago.
The number of shares outstanding for REXR has been increased compared to 5 years ago.
Compared to 1 year ago, REXR has a worse debt to assets ratio.
2.2 Solvency
REXR has an Altman-Z score of 1.60. This is a bad value and indicates that REXR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of REXR (1.60) is better than 90.55% of its industry peers.
The Debt to FCF ratio of REXR is 21.81, which is on the high side as it means it would take REXR, 21.81 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of REXR (21.81) is better than 74.02% of its industry peers.
REXR has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
REXR's Debt to Equity ratio of 0.38 is amongst the best of the industry. REXR outperforms 95.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 21.81 | ||
| Altman-Z | 1.6 |
ROIC/WACC0.33
WACC7.28%
2.3 Liquidity
A Current Ratio of 1.34 indicates that REXR should not have too much problems paying its short term obligations.
REXR has a Current ratio of 1.34. This is in the better half of the industry: REXR outperforms 60.63% of its industry peers.
REXR has a Quick Ratio of 1.34. This is a normal value and indicates that REXR is financially healthy and should not expect problems in meeting its short term obligations.
REXR has a Quick ratio of 1.34. This is in the better half of the industry: REXR outperforms 61.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 34.15% over the past year.
The Earnings Per Share has been growing by 20.82% on average over the past years. This is a very strong growth
Looking at the last year, REXR shows a quite strong growth in Revenue. The Revenue has grown by 17.37% in the last year.
REXR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.51% yearly.
EPS 1Y (TTM)34.15%
EPS 3Y14.79%
EPS 5Y20.82%
EPS Q2Q%100%
Revenue 1Y (TTM)17.37%
Revenue growth 3Y27.46%
Revenue growth 5Y28.51%
Sales Q2Q%4.71%
3.2 Future
REXR is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.12% yearly.
The Revenue is expected to grow by 7.48% on average over the next years.
EPS Next Y6.43%
EPS Next 2Y-4.58%
EPS Next 3Y5%
EPS Next 5Y11.12%
Revenue Next Year6.87%
Revenue Next 2Y5.7%
Revenue Next 3Y6.09%
Revenue Next 5Y7.48%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in 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
REXR is valuated quite expensively with a Price/Earnings ratio of 26.82.
68.50% of the companies in the same industry are more expensive than REXR, based on the Price/Earnings ratio.
REXR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.42.
With a Price/Forward Earnings ratio of 40.18, REXR can be considered very expensive at the moment.
63.78% of the companies in the same industry are more expensive than REXR, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.94. REXR is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.82 | ||
| Fwd PE | 40.18 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of REXR indicates a rather expensive valuation: REXR more expensive than 84.25% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of REXR is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 68.25 | ||
| EV/EBITDA | 19.44 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of REXR may justify a higher PE ratio.
PEG (NY)4.17
PEG (5Y)1.29
EPS Next 2Y-4.58%
EPS Next 3Y5%
5. Dividend
5.1 Amount
REXR has a Yearly Dividend Yield of 3.93%. Purely for dividend investing, there may be better candidates out there.
REXR's Dividend Yield is slightly below the industry average, which is at 6.23.
REXR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.93% |
5.2 History
The dividend of REXR is nicely growing with an annual growth rate of 15.33%!
REXR has paid a dividend for at least 10 years, which is a reliable track record.
As REXR did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)15.33%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
REXR pays out 131.83% of its income as dividend. This is not a sustainable payout ratio.
REXR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP131.83%
EPS Next 2Y-4.58%
EPS Next 3Y5%
44.26
+0.5 (+1.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners112.49%
Inst Owner Change-0.02%
Ins Owners0.09%
Ins Owner Change8.43%
Market Cap10.48B
Analysts74.17
Price Target42.16 (-4.74%)
Short Float %7.26%
Short Ratio6.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.93% |
Yearly Dividend1.73
Dividend Growth(5Y)15.33%
DP131.83%
Div Incr Years6
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)45.47%
Min EPS beat(2)9.95%
Max EPS beat(2)81%
EPS beat(4)3
Avg EPS beat(4)23.9%
Min EPS beat(4)-1.35%
Max EPS beat(4)81%
EPS beat(8)5
Avg EPS beat(8)16.56%
EPS beat(12)6
Avg EPS beat(12)13.1%
EPS beat(16)9
Avg EPS beat(16)20.07%
Revenue beat(2)1
Avg Revenue beat(2)-1.9%
Min Revenue beat(2)-4.87%
Max Revenue beat(2)1.06%
Revenue beat(4)1
Avg Revenue beat(4)-1.78%
Min Revenue beat(4)-4.87%
Max Revenue beat(4)1.06%
Revenue beat(8)4
Avg Revenue beat(8)-0.32%
Revenue beat(12)5
Avg Revenue beat(12)-0.55%
Revenue beat(16)6
Avg Revenue beat(16)-0.67%
PT rev (1m)2.31%
PT rev (3m)5.26%
EPS NQ rev (1m)2.27%
EPS NQ rev (3m)5.47%
EPS NY rev (1m)7.91%
EPS NY rev (3m)18.88%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)-0.99%
Revenue NY rev (1m)-0.98%
Revenue NY rev (3m)-1.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.82 | ||
| Fwd PE | 40.18 | ||
| P/S | 10.62 | ||
| P/FCF | 68.25 | ||
| P/OCF | 19.98 | ||
| P/B | 1.19 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 19.44 |
EPS(TTM)1.65
EY3.73%
EPS(NY)1.1
Fwd EY2.49%
FCF(TTM)0.65
FCFY1.47%
OCF(TTM)2.21
OCFY5%
SpS4.17
BVpS37.34
TBVpS36.6
PEG (NY)4.17
PEG (5Y)1.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.34% | ||
| ROE | 3.47% | ||
| ROCE | 3.01% | ||
| ROIC | 2.38% | ||
| ROICexc | 2.46% | ||
| ROICexgc | 2.51% | ||
| OM | 38.89% | ||
| PM (TTM) | 31.04% | ||
| GM | 77.55% | ||
| FCFM | 15.56% |
ROA(3y)1.95%
ROA(5y)1.75%
ROE(3y)2.83%
ROE(5y)2.54%
ROIC(3y)2.16%
ROIC(5y)1.96%
ROICexc(3y)2.17%
ROICexc(5y)1.98%
ROICexgc(3y)2.22%
ROICexgc(5y)2.03%
ROCE(3y)2.73%
ROCE(5y)2.48%
ROICexcg growth 3Y10.95%
ROICexcg growth 5Y6.84%
ROICexc growth 3Y11.09%
ROICexc growth 5Y6.95%
OM growth 3Y7.26%
OM growth 5Y7.06%
PM growth 3Y4.32%
PM growth 5Y8.23%
GM growth 3Y0.59%
GM growth 5Y0.32%
F-Score8
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 21.81 | ||
| Debt/EBITDA | 4.9 | ||
| Cap/Depr | 123.99% | ||
| Cap/Sales | 37.58% | ||
| Interest Coverage | 3.9 | ||
| Cash Conversion | 76.79% | ||
| Profit Quality | 50.12% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | 1.6 |
F-Score8
WACC7.28%
ROIC/WACC0.33
Cap/Depr(3y)104.9%
Cap/Depr(5y)90.16%
Cap/Sales(3y)31.7%
Cap/Sales(5y)28.33%
Profit Quality(3y)77.21%
Profit Quality(5y)103.4%
High Growth Momentum
Growth
EPS 1Y (TTM)34.15%
EPS 3Y14.79%
EPS 5Y20.82%
EPS Q2Q%100%
EPS Next Y6.43%
EPS Next 2Y-4.58%
EPS Next 3Y5%
EPS Next 5Y11.12%
Revenue 1Y (TTM)17.37%
Revenue growth 3Y27.46%
Revenue growth 5Y28.51%
Sales Q2Q%4.71%
Revenue Next Year6.87%
Revenue Next 2Y5.7%
Revenue Next 3Y6.09%
Revenue Next 5Y7.48%
EBIT growth 1Y14.8%
EBIT growth 3Y36.72%
EBIT growth 5Y37.58%
EBIT Next Year88.14%
EBIT Next 3Y29.21%
EBIT Next 5Y22.3%
FCF growth 1Y-21.49%
FCF growth 3Y-6.47%
FCF growth 5Y2.71%
OCF growth 1Y42.64%
OCF growth 3Y27.43%
OCF growth 5Y27.98%