SITE CENTERS CORP (SITC)
US82981J1097 - REIT
SITC gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 126 industry peers in the Diversified REITs industry. SITC has an average financial health and profitability rating. SITC has a decent growth rate and is not valued too expensively.
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.
In the past 5 years SITC has always been profitable.
SITC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SITC has a better Return On Assets (6.25%) than 95.12% of its industry peers.
The Return On Equity of SITC (11.67%) is better than 92.68% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.44%, SITC is in line with its industry, outperforming 44.72% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SITC is in line with the industry average of 2.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.25% | ||
| ROE | 11.67% | ||
| ROIC | 2.44% |
ROA(3y)4.27%
ROA(5y)2.93%
ROE(3y)8.13%
ROE(5y)5.64%
ROIC(3y)2.71%
ROIC(5y)2.63%
1.3 Margins
SITC has a better Profit Margin (46.49%) than 93.50% of its industry peers.
SITC's Profit Margin has improved in the last couple of years.
SITC's Operating Margin of 21.46% is in line compared to the rest of the industry. SITC outperforms 52.03% of its industry peers.
In the last couple of years the Operating Margin of SITC has declined.
With a Gross Margin value of 69.66%, SITC perfoms like the industry average, outperforming 57.72% of the companies in the same industry.
SITC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.46% | ||
| PM (TTM) | 46.49% | ||
| GM | 69.66% |
OM growth 3Y0.16%
OM growth 5Y-4.48%
PM growth 3Y142.53%
PM growth 5Y32.73%
GM growth 3Y-0.13%
GM growth 5Y-0.26%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SITC is destroying value.
SITC has less shares outstanding than it did 1 year ago.
SITC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SITC has an improved debt to assets ratio.
2.2 Solvency
SITC has an Altman-Z score of -0.11. This is a bad value and indicates that SITC is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of SITC (-0.11) is worse than 82.93% of its industry peers.
A Debt/Equity ratio of 0.75 indicates that SITC is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.75, SITC is doing good in the industry, outperforming 73.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -0.11 |
ROIC/WACC0.32
WACC7.5%
2.3 Liquidity
A Current Ratio of 2.40 indicates that SITC has no problem at all paying its short term obligations.
SITC has a Current ratio of 2.40. This is amongst the best in the industry. SITC outperforms 84.55% of its industry peers.
SITC has a Quick Ratio of 2.40. This indicates that SITC is financially healthy and has no problem in meeting its short term obligations.
SITC's Quick ratio of 2.40 is amongst the best of the industry. SITC outperforms 84.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.4 | ||
| Quick Ratio | 2.4 |
3. Growth
3.1 Past
SITC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 63.51%, which is quite impressive.
The Earnings Per Share has been growing by 22.99% on average over the past years. This is a very strong growth
The Revenue has decreased by -1.10% in the past year.
Measured over the past years, SITC shows a decrease in Revenue. The Revenue has been decreasing by -5.04% on average per year.
EPS 1Y (TTM)63.51%
EPS 3Y147.3%
EPS 5Y22.99%
EPS growth Q2Q666.67%
Revenue 1Y (TTM)-1.1%
Revenue growth 3Y5.87%
Revenue growth 5Y-5.04%
Revenue growth Q2Q-9.99%
3.2 Future
SITC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -40.29% yearly.
Based on estimates for the next years, SITC will show a small growth in Revenue. The Revenue will grow by 5.39% on average per year.
EPS Next Y-85.04%
EPS Next 2Y-65.65%
EPS Next 3Y-27.74%
EPS Next 5Y-40.29%
Revenue Next Year-15.23%
Revenue Next 2Y-5.65%
Revenue Next 3Y-9.49%
Revenue Next 5Y5.39%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SITC is valuated reasonably with a Price/Earnings ratio of 11.26.
Based on the Price/Earnings ratio, SITC is valued cheaper than 93.50% of the companies in the same industry.
SITC's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.20.
The Price/Forward Earnings ratio is 75.23, which means the current valuation is very expensive for SITC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SITC is on the same level as its industry peers.
SITC's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.26 | ||
| Fwd PE | 75.23 |
4.2 Price Multiples
SITC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SITC is cheaper than 71.54% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 11.92 |
4.3 Compensation for Growth
The decent profitability rating of SITC may justify a higher PE ratio.
SITC's earnings are expected to decrease with -27.74% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.49
EPS Next 2Y-65.65%
EPS Next 3Y-27.74%
5. Dividend
5.1 Amount
SITC has a Yearly Dividend Yield of 3.84%.
Compared to an average industry Dividend Yield of 6.12, SITC is paying slightly less dividend.
SITC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
5.2 History
The dividend of SITC decreases each year by -17.91%.
SITC has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-17.91%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
SITC pays out 47.46% of its income as dividend. This is a bit on the high side, but may be sustainable.
SITC's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP47.46%
EPS Next 2Y-65.65%
EPS Next 3Y-27.74%
SITE CENTERS CORP
NYSE:SITC (4/25/2024, 7:17:22 PM)
After market: 13.62 0 (0%)13.62
-0.14 (-1.02%)
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 Cap2.85B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.84% |
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 | 11.26 | ||
| Fwd PE | 75.23 | ||
| 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)0.49
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.25% | ||
| ROE | 11.67% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.46% | ||
| PM (TTM) | 46.49% | ||
| GM | 69.66% | ||
| 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 Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.75 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.4 | ||
| Quick Ratio | 2.4 | ||
| 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)63.51%
EPS 3Y147.3%
EPS 5Y
EPS growth Q2Q
EPS Next Y-85.04%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.1%
Revenue growth 3Y5.87%
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