SUN COMMUNITIES INC (SUI) Stock Fundamental Analysis
USA - NYSE:SUI - US8666741041 - REIT
125.65 USD
+0.91 (+0.73%)
125.5 USD
-0.15 (-0.12%)
SUI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 20 industry peers in the Residential REITs industry. SUI has an excellent financial health rating, but there are some minor concerns on its profitability. A decent growth rate in combination with a cheap valuation! Better keep an eye on SUI. These ratings would make SUI suitable for value investing!
1. Profitability
1.1 Basic Checks
In the past year SUI was profitable.
SUI had a positive operating cash flow in the past year.
SUI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years SUI had a positive operating cash flow.
1.2 Ratios
SUI's Return On Assets of 9.69% is amongst the best of the industry. SUI outperforms 100.00% of its industry peers.
SUI has a Return On Equity of 16.89%. This is amongst the best in the industry. SUI outperforms 95.00% of its industry peers.
The Return On Invested Capital of SUI (3.13%) is better than 70.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SUI is in line with the industry average of 2.59%.
The 3 year average ROIC (2.59%) for SUI is below the current ROIC(3.13%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.69% | ||
| ROE | 16.89% | ||
| ROIC | 3.13% |
ROA(3y)0.23%
ROA(5y)0.94%
ROE(3y)0.44%
ROE(5y)1.82%
ROIC(3y)2.59%
ROIC(5y)2.54%
1.3 Margins
The Profit Margin of SUI (46.59%) is better than 100.00% of its industry peers.
In the last couple of years the Profit Margin of SUI has declined.
SUI's Operating Margin of 18.46% is in line compared to the rest of the industry. SUI outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of SUI has declined.
SUI's Gross Margin of 49.70% is on the low side compared to the rest of the industry. SUI is outperformed by 90.00% of its industry peers.
In the last couple of years the Gross Margin of SUI has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.46% | ||
| PM (TTM) | 46.59% | ||
| GM | 49.7% |
OM growth 3Y-7.97%
OM growth 5Y-7.58%
PM growth 3Y-45.13%
PM growth 5Y-26.27%
GM growth 3Y-3.01%
GM growth 5Y-3.96%
2. Health
2.1 Basic Checks
SUI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SUI has more shares outstanding than it did 1 year ago.
SUI has more shares outstanding than it did 5 years ago.
SUI has a better debt/assets ratio than last year.
2.2 Solvency
SUI has an Altman-Z score of 1.85. This is not the best score and indicates that SUI is in the grey zone with still only limited risk for bankruptcy at the moment.
SUI has a Altman-Z score of 1.85. This is amongst the best in the industry. SUI outperforms 90.00% of its industry peers.
The Debt to FCF ratio of SUI is 5.45, which is a neutral value as it means it would take SUI, 5.45 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 5.45, SUI belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 0.56 indicates that SUI is somewhat dependend on debt financing.
SUI has a Debt to Equity ratio of 0.56. This is amongst the best in the industry. SUI outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.45 | ||
| Altman-Z | 1.85 |
ROIC/WACC0.45
WACC6.98%
2.3 Liquidity
SUI has a Current Ratio of 4.21. This indicates that SUI is financially healthy and has no problem in meeting its short term obligations.
SUI has a Current ratio of 4.21. This is amongst the best in the industry. SUI outperforms 95.00% of its industry peers.
SUI has a Quick Ratio of 3.81. This indicates that SUI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.81, SUI belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.21 | ||
| Quick Ratio | 3.81 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 1089.53% over the past year.
SUI shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.06% yearly.
Looking at the last year, SUI shows a very negative growth in Revenue. The Revenue has decreased by -14.35% in the last year.
The Revenue has been growing by 20.57% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)1089.53%
EPS 3Y-39.1%
EPS 5Y-16.06%
EPS Q2Q%2285.71%
Revenue 1Y (TTM)-14.35%
Revenue growth 3Y12.33%
Revenue growth 5Y20.57%
Sales Q2Q%-27.84%
3.2 Future
The Earnings Per Share is expected to grow by 47.07% on average over the next years. This is a very strong growth
SUI is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.27% yearly.
EPS Next Y988.91%
EPS Next 2Y101.39%
EPS Next 3Y70.58%
EPS Next 5Y47.07%
Revenue Next Year-26.26%
Revenue Next 2Y-12.51%
Revenue Next 3Y-7.12%
Revenue Next 5Y-2.27%
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
The Price/Earnings ratio is 12.28, which indicates a correct valuation of SUI.
Compared to the rest of the industry, the Price/Earnings ratio of SUI indicates a rather cheap valuation: SUI is cheaper than 100.00% of the companies listed in the same industry.
SUI is valuated cheaply when we compare the Price/Earnings ratio to 27.57, which is the current average of the S&P500 Index.
SUI is valuated quite expensively with a Price/Forward Earnings ratio of 41.31.
Based on the Price/Forward Earnings ratio, SUI is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
SUI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.09.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.28 | ||
| Fwd PE | 41.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SUI indicates a rather cheap valuation: SUI is cheaper than 100.00% of the companies listed in the same industry.
95.00% 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 | 19.97 | ||
| EV/EBITDA | 15.63 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SUI has a very decent profitability rating, which may justify a higher PE ratio.
SUI's earnings are expected to grow with 70.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y101.39%
EPS Next 3Y70.58%
5. Dividend
5.1 Amount
SUI has a Yearly Dividend Yield of 3.36%.
With a Dividend Yield of 3.36, SUI pays less dividend than the industry average, which is at 7.17. 85.00% of the companies listed in the same industry pay a better dividend than SUI!
Compared to an average S&P500 Dividend Yield of 2.32, SUI pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
5.2 History
The dividend of SUI has a limited annual growth rate of 4.83%.
SUI has paid a dividend for at least 10 years, which is a reliable track record.
SUI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)4.83%
Div Incr Years9
Div Non Decr Years13
5.3 Sustainability
SUI pays out 78.85% of its income as dividend. This is not a sustainable payout ratio.
SUI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP78.85%
EPS Next 2Y101.39%
EPS Next 3Y70.58%
125.65
+0.91 (+0.73%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)
Earnings (Next)
Inst Owners106.59%
Inst Owner Change-0.02%
Ins Owners0.34%
Ins Owner Change4.93%
Market Cap15.73B
Revenue(TTM)2.78B
Net Income(TTM)1.30B
Analysts74
Price Target141.46 (12.58%)
Short Float %1.46%
Short Ratio1.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.36% |
Yearly Dividend3.91
Dividend Growth(5Y)4.83%
DP78.85%
Div Incr Years9
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)396.22%
Min EPS beat(2)-541.21%
Max EPS beat(2)1333.64%
EPS beat(4)2
Avg EPS beat(4)-274.95%
Min EPS beat(4)-1934.29%
Max EPS beat(4)1333.64%
EPS beat(8)2
Avg EPS beat(8)-162.74%
EPS beat(12)2
Avg EPS beat(12)-182.84%
EPS beat(16)3
Avg EPS beat(16)-141.52%
Revenue beat(2)1
Avg Revenue beat(2)-8.37%
Min Revenue beat(2)-19.26%
Max Revenue beat(2)2.52%
Revenue beat(4)2
Avg Revenue beat(4)-4.89%
Min Revenue beat(4)-19.26%
Max Revenue beat(4)2.52%
Revenue beat(8)4
Avg Revenue beat(8)-1.67%
Revenue beat(12)8
Avg Revenue beat(12)-0.13%
Revenue beat(16)12
Avg Revenue beat(16)3.7%
PT rev (1m)0.23%
PT rev (3m)0.91%
EPS NQ rev (1m)0.93%
EPS NQ rev (3m)-6.9%
EPS NY rev (1m)231.39%
EPS NY rev (3m)231.39%
Revenue NQ rev (1m)0.68%
Revenue NQ rev (3m)-0.31%
Revenue NY rev (1m)0.34%
Revenue NY rev (3m)-0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.28 | ||
| Fwd PE | 41.31 | ||
| P/S | 5.66 | ||
| P/FCF | 19.97 | ||
| P/OCF | 19.49 | ||
| P/B | 2.05 | ||
| P/tB | 2.08 | ||
| EV/EBITDA | 15.63 |
EPS(TTM)10.23
EY8.14%
EPS(NY)3.04
Fwd EY2.42%
FCF(TTM)6.29
FCFY5.01%
OCF(TTM)6.45
OCFY5.13%
SpS22.21
BVpS61.26
TBVpS60.38
PEG (NY)0.01
PEG (5Y)N/A
Graham Number118.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.69% | ||
| ROE | 16.89% | ||
| ROCE | 3.97% | ||
| ROIC | 3.13% | ||
| ROICexc | 3.53% | ||
| ROICexgc | 3.66% | ||
| OM | 18.46% | ||
| PM (TTM) | 46.59% | ||
| GM | 49.7% | ||
| FCFM | 28.34% |
ROA(3y)0.23%
ROA(5y)0.94%
ROE(3y)0.44%
ROE(5y)1.82%
ROIC(3y)2.59%
ROIC(5y)2.54%
ROICexc(3y)2.6%
ROICexc(5y)2.55%
ROICexgc(3y)2.88%
ROICexgc(5y)2.81%
ROCE(3y)3.28%
ROCE(5y)3.22%
ROICexgc growth 3Y-3.23%
ROICexgc growth 5Y-2.66%
ROICexc growth 3Y-3.43%
ROICexc growth 5Y-3.99%
OM growth 3Y-7.97%
OM growth 5Y-7.58%
PM growth 3Y-45.13%
PM growth 5Y-26.27%
GM growth 3Y-3.01%
GM growth 5Y-3.96%
F-Score7
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.45 | ||
| Debt/EBITDA | 3.64 | ||
| Cap/Depr | 2.92% | ||
| Cap/Sales | 0.7% | ||
| Interest Coverage | 2.58 | ||
| Cash Conversion | 68.39% | ||
| Profit Quality | 60.81% | ||
| Current Ratio | 4.21 | ||
| Quick Ratio | 3.81 | ||
| Altman-Z | 1.85 |
F-Score7
WACC6.98%
ROIC/WACC0.45
Cap/Depr(3y)133.62%
Cap/Depr(5y)248.94%
Cap/Sales(3y)26.11%
Cap/Sales(5y)58.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1089.53%
EPS 3Y-39.1%
EPS 5Y-16.06%
EPS Q2Q%2285.71%
EPS Next Y988.91%
EPS Next 2Y101.39%
EPS Next 3Y70.58%
EPS Next 5Y47.07%
Revenue 1Y (TTM)-14.35%
Revenue growth 3Y12.33%
Revenue growth 5Y20.57%
Sales Q2Q%-27.84%
Revenue Next Year-26.26%
Revenue Next 2Y-12.51%
Revenue Next 3Y-7.12%
Revenue Next 5Y-2.27%
EBIT growth 1Y-11.63%
EBIT growth 3Y3.38%
EBIT growth 5Y11.44%
EBIT Next Year50.68%
EBIT Next 3Y17.56%
EBIT Next 5Y12.76%
FCF growth 1Y167.62%
FCF growth 3YN/A
FCF growth 5Y187.98%
OCF growth 1Y23.64%
OCF growth 3Y4.54%
OCF growth 5Y12.55%