SITE CENTERS CORP (SITC) Stock Fundamental Analysis
NYSE:SITC - New York Stock Exchange, Inc. - US82981J8514 - REIT - Currency: USD
SITC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. While SITC has a great profitability rating, there are quite some concerns on its financial health. SITC is not valued too expensively and it also shows a decent growth rate. SITC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
SITC had positive earnings in the past year.
In the past year SITC had a positive cash flow from operations.
SITC had positive earnings in each of the past 5 years.
SITC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SITC's Return On Assets of 55.59% is amongst the best of the industry. SITC outperforms 100.00% of its industry peers.
Looking at the Return On Equity, with a value of 99.46%, SITC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
SITC has a Return On Invested Capital of 3.99%. This is in the better half of the industry: SITC outperforms 75.19% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SITC is in line with the industry average of 3.15%.
The 3 year average ROIC (2.31%) for SITC is below the current ROIC(3.99%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 55.59% | ||
| ROE | 99.46% | ||
| ROIC | 3.99% |
ROA(3y)21.72%
ROA(5y)13.64%
ROE(3y)39.54%
ROE(5y)24.91%
ROIC(3y)2.31%
ROIC(5y)2.38%
1.3 Margins
SITC's Profit Margin of 161.46% is amongst the best of the industry. SITC outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of SITC has grown nicely.
The Operating Margin of SITC (12.97%) is worse than 70.54% of its industry peers.
In the last couple of years the Operating Margin of SITC has declined.
The Gross Margin of SITC (66.41%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of SITC has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.97% | ||
| PM (TTM) | 161.46% | ||
| GM | 66.41% |
OM growth 3Y-22.79%
OM growth 5Y-15.86%
PM growth 3Y110.65%
PM growth 5Y73.06%
GM growth 3Y-2.79%
GM growth 5Y-2%
2. Health
2.1 Basic Checks
SITC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SITC has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, SITC has less shares outstanding
Compared to 1 year ago, SITC has an improved debt to assets ratio.
2.2 Solvency
SITC has an Altman-Z score of -3.86. This is a bad value and indicates that SITC is not financially healthy and even has some risk of bankruptcy.
SITC has a Altman-Z score of -3.86. This is amonst the worse of the industry: SITC underperforms 93.02% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that SITC is somewhat dependend on debt financing.
The Debt to Equity ratio of SITC (0.58) is better than 85.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -3.86 |
ROIC/WACC0.52
WACC7.65%
2.3 Liquidity
SITC has a Current Ratio of 0.81. This is a bad value and indicates that SITC is not financially healthy enough and could expect problems in meeting its short term obligations.
SITC has a Current ratio (0.81) which is in line with its industry peers.
SITC has a Quick Ratio of 0.81. This is a bad value and indicates that SITC is not financially healthy enough and could expect problems in meeting its short term obligations.
SITC has a Quick ratio (0.81) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
SITC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 152.94%, which is quite impressive.
Measured over the past years, SITC shows a very strong growth in Earnings Per Share. The EPS has been growing by 49.14% on average per year.
Looking at the last year, SITC shows a very negative growth in Revenue. The Revenue has decreased by -39.57% in the last year.
SITC shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -11.39% yearly.
EPS 1Y (TTM)152.94%
EPS 3Y70.65%
EPS 5Y49.14%
EPS Q2Q%111.54%
Revenue 1Y (TTM)-39.57%
Revenue growth 3Y-19.55%
Revenue growth 5Y-11.39%
Sales Q2Q%-66.55%
3.2 Future
The Earnings Per Share is expected to decrease by -76.33% on average over the next years. This is quite bad
SITC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.28% yearly.
EPS Next Y-105.76%
EPS Next 2Y-43%
EPS Next 3Y-80.57%
EPS Next 5Y-76.32%
Revenue Next Year-73.72%
Revenue Next 2Y-44.42%
Revenue Next 3Y20.58%
Revenue Next 5Y16.28%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 1.14, the valuation of SITC can be described as very cheap.
Based on the Price/Earnings ratio, SITC is valued cheaper than 99.22% of the companies in the same industry.
SITC is valuated cheaply when we compare the Price/Earnings ratio to 25.91, which is the current average of the S&P500 Index.
SITC is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.14 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SITC is valued cheaper than 99.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.03 |
4.3 Compensation for Growth
SITC has a very decent profitability rating, which may justify a higher PE ratio.
SITC's earnings are expected to decrease with -80.57% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.02
EPS Next 2Y-43%
EPS Next 3Y-80.57%
5. Dividend
5.1 Amount
SITC has a Yearly Dividend Yield of 16.84%, which is a nice return.
Compared to an average industry Dividend Yield of 6.61, SITC pays a better dividend. On top of this SITC pays more dividend than 97.67% of the companies listed in the same industry.
SITC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.84% |
5.2 History
The dividend of SITC is nicely growing with an annual growth rate of 20.53%!
SITC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)20.53%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SITC pays out 12.45% of its income as dividend. This is a sustainable payout ratio.
DP12.45%
EPS Next 2Y-43%
EPS Next 3Y-80.57%
11.75
-0.17 (-1.43%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners113.32%
Inst Owner Change-3.34%
Ins Owners0.84%
Ins Owner Change-1.14%
Market Cap616.17M
Analysts73.33
Price Target15.94 (35.66%)
Short Float %5.59%
Short Ratio2.91
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 16.84% |
Yearly Dividend2.45
Dividend Growth(5Y)20.53%
DP12.45%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)35.96%
Min EPS beat(2)-81.55%
Max EPS beat(2)153.48%
EPS beat(4)3
Avg EPS beat(4)2342.6%
Min EPS beat(4)-81.55%
Max EPS beat(4)6430.83%
EPS beat(8)5
Avg EPS beat(8)1767.75%
EPS beat(12)9
Avg EPS beat(12)1298.14%
EPS beat(16)13
Avg EPS beat(16)1039.15%
Revenue beat(2)1
Avg Revenue beat(2)-7.42%
Min Revenue beat(2)-51.75%
Max Revenue beat(2)36.91%
Revenue beat(4)1
Avg Revenue beat(4)-6.59%
Min Revenue beat(4)-51.75%
Max Revenue beat(4)36.91%
Revenue beat(8)4
Avg Revenue beat(8)-3.01%
Revenue beat(12)7
Avg Revenue beat(12)-1.24%
Revenue beat(16)11
Avg Revenue beat(16)8.1%
PT rev (1m)-2.34%
PT rev (3m)-8.63%
EPS NQ rev (1m)37.66%
EPS NQ rev (3m)36.63%
EPS NY rev (1m)43.1%
EPS NY rev (3m)41.64%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-57.02%
Revenue NY rev (1m)-10.29%
Revenue NY rev (3m)-54.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 1.14 | ||
| Fwd PE | N/A | ||
| P/S | 1.92 | ||
| P/FCF | N/A | ||
| P/OCF | 7.92 | ||
| P/B | 1.19 | ||
| P/tB | 1.21 | ||
| EV/EBITDA | 6.03 |
EPS(TTM)10.32
EY87.83%
EPS(NY)-0.44
Fwd EYN/A
FCF(TTM)-3.29
FCFYN/A
OCF(TTM)1.48
OCFY12.63%
SpS6.1
BVpS9.91
TBVpS9.69
PEG (NY)N/A
PEG (5Y)0.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 55.59% | ||
| ROE | 99.46% | ||
| ROCE | 5.05% | ||
| ROIC | 3.99% | ||
| ROICexc | 4.3% | ||
| ROICexgc | 4.38% | ||
| OM | 12.97% | ||
| PM (TTM) | 161.46% | ||
| GM | 66.41% | ||
| FCFM | N/A |
ROA(3y)21.72%
ROA(5y)13.64%
ROE(3y)39.54%
ROE(5y)24.91%
ROIC(3y)2.31%
ROIC(5y)2.38%
ROICexc(3y)2.48%
ROICexc(5y)2.5%
ROICexgc(3y)2.55%
ROICexgc(5y)2.56%
ROCE(3y)2.92%
ROCE(5y)3.01%
ROICexcg growth 3Y4.71%
ROICexcg growth 5Y2.93%
ROICexc growth 3Y4.91%
ROICexc growth 5Y2.84%
OM growth 3Y-22.79%
OM growth 5Y-15.86%
PM growth 3Y110.65%
PM growth 5Y73.06%
GM growth 3Y-2.79%
GM growth 5Y-2%
F-Score6
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.12 | ||
| Cap/Depr | 247.76% | ||
| Cap/Sales | 78.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 54.61% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.81 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | -3.86 |
F-Score6
WACC7.65%
ROIC/WACC0.52
Cap/Depr(3y)189.02%
Cap/Depr(5y)143.19%
Cap/Sales(3y)85.61%
Cap/Sales(5y)61.91%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)152.94%
EPS 3Y70.65%
EPS 5Y49.14%
EPS Q2Q%111.54%
EPS Next Y-105.76%
EPS Next 2Y-43%
EPS Next 3Y-80.57%
EPS Next 5Y-76.32%
Revenue 1Y (TTM)-39.57%
Revenue growth 3Y-19.55%
Revenue growth 5Y-11.39%
Sales Q2Q%-66.55%
Revenue Next Year-73.72%
Revenue Next 2Y-44.42%
Revenue Next 3Y20.58%
Revenue Next 5Y16.28%
EBIT growth 1Y-64.53%
EBIT growth 3Y-37.88%
EBIT growth 5Y-25.44%
EBIT Next Year376.91%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-78.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-68.8%
OCF growth 3Y-26.53%
OCF growth 5Y-16.14%