SUN COMMUNITIES INC (SUI)
US8666741041 - REIT
SUI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 21 industry peers in the Residential REITs industry. SUI may be in some trouble as it scores bad on both profitability and health. SUI has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SUI was profitable.
In the past year SUI had a positive cash flow from operations.
SUI had positive earnings in 4 of the past 5 years.
SUI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -1.26%, SUI is doing worse than 80.95% of the companies in the same industry.
SUI's Return On Equity of -2.90% is on the low side compared to the rest of the industry. SUI is outperformed by 76.19% of its industry peers.
With a decent Return On Invested Capital value of 2.92%, SUI is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SUI is in line with the industry average of 2.53%.
The 3 year average ROIC (2.85%) for SUI is below the current ROIC(2.92%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.26% | ||
| ROE | -2.9% | ||
| ROIC | 2.92% |
ROA(3y)0.99%
ROA(5y)1.24%
ROE(3y)1.87%
ROE(5y)2.41%
ROIC(3y)2.85%
ROIC(5y)2.75%
1.3 Margins
SUI has a Operating Margin (18.72%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of SUI has declined.
Looking at the Gross Margin, with a value of 47.91%, SUI is doing worse than 90.48% of the companies in the same industry.
In the last couple of years the Gross Margin of SUI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.72% | ||
| PM (TTM) | N/A | ||
| GM | 47.91% |
OM growth 3Y-3.91%
OM growth 5Y-4.38%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.81%
GM growth 5Y-3.65%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SUI is destroying value.
The number of shares outstanding for SUI has been increased compared to 1 year ago.
Compared to 5 years ago, SUI has more shares outstanding
The debt/assets ratio for SUI is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.03, we must say that SUI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.03, SUI is in line with its industry, outperforming 57.14% of the companies in the same industry.
The Debt to FCF ratio of SUI is 10.57, which is on the high side as it means it would take SUI, 10.57 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.57, SUI belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
A Debt/Equity ratio of 1.06 is on the high side and indicates that SUI has dependencies on debt financing.
With a Debt to Equity ratio value of 1.06, SUI perfoms like the industry average, outperforming 52.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | 10.57 | ||
| Altman-Z | 1.03 |
ROIC/WACC0.4
WACC7.33%
2.3 Liquidity
A Current Ratio of 0.97 indicates that SUI may have some problems paying its short term obligations.
SUI has a better Current ratio (0.97) than 61.90% of its industry peers.
A Quick Ratio of 0.62 indicates that SUI may have some problems paying its short term obligations.
SUI has a Quick ratio of 0.62. This is comparable to the rest of the industry: SUI outperforms 47.62% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
The earnings per share for SUI have decreased strongly by -42.42% in the last year.
SUI shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.59% yearly.
SUI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.58%.
Measured over the past years, SUI shows a very strong growth in Revenue. The Revenue has been growing by 23.40% on average per year.
EPS 1Y (TTM)-42.42%
EPS 3Y-7.7%
EPS 5Y-2.59%
EPS growth Q2Q-1725%
Revenue 1Y (TTM)8.58%
Revenue growth 3Y32.12%
Revenue growth 5Y23.4%
Revenue growth Q2Q7.77%
3.2 Future
The Earnings Per Share is expected to grow by 20.35% on average over the next years. This is a very strong growth
Based on estimates for the next years, SUI will show a small growth in Revenue. The Revenue will grow by 4.08% on average per year.
EPS Next Y82.51%
EPS Next 2Y47.33%
EPS Next 3Y27.69%
EPS Next 5Y20.35%
Revenue Next Year6.59%
Revenue Next 2Y5.18%
Revenue Next 3Y4.59%
Revenue Next 5Y4.08%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 103.77, the valuation of SUI can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of SUI is on the same level as its industry peers.
When comparing the Price/Earnings ratio of SUI to the average of the S&P500 Index (24.83), we can say SUI is valued expensively.
With a Price/Forward Earnings ratio of 56.86, SUI can be considered very expensive at the moment.
SUI's Price/Forward Earnings is on the same level as the industry average.
SUI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 103.77 | ||
| Fwd PE | 56.86 |
4.2 Price Multiples
SUI's Enterprise Value to EBITDA ratio is in line with the industry average.
100.00% of the companies in the same industry are more expensive than SUI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.96 | ||
| EV/EBITDA | 18.05 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as SUI's earnings are expected to grow with 27.69% in the coming years.
PEG (NY)1.26
PEG (5Y)N/A
EPS Next 2Y47.33%
EPS Next 3Y27.69%
5. Dividend
5.1 Amount
SUI has a Yearly Dividend Yield of 3.07%.
With a Dividend Yield of 3.07, SUI pays less dividend than the industry average, which is at 4.44. 80.95% of the companies listed in the same industry pay a better dividend than SUI!
Compared to an average S&P500 Dividend Yield of 2.39, SUI pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.07% |
5.2 History
The dividend of SUI has a limited annual growth rate of 5.57%.
SUI has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of SUI decreased in the last 3 years.
Dividend Growth(5Y)5.57%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
SUI has negative earnings and hence a negative payout ratio. The dividend may be in danger.
SUI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-223.35%
EPS Next 2Y47.33%
EPS Next 3Y27.69%
SUN COMMUNITIES INC
NYSE:SUI (4/17/2024, 8:26:13 PM)
After market: 118.3 0 (0%)118.3
-0.17 (-0.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap14.72B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.07% |
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 | 103.77 | ||
| Fwd PE | 56.86 | ||
| 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)1.26
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.26% | ||
| ROE | -2.9% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 18.72% | ||
| PM (TTM) | N/A | ||
| GM | 47.91% | ||
| 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 Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.06 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.97 | ||
| Quick Ratio | 0.62 | ||
| 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)-42.42%
EPS 3Y-7.7%
EPS 5Y
EPS growth Q2Q
EPS Next Y82.51%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)8.58%
Revenue growth 3Y32.12%
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