VICI PROPERTIES INC (VICI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VICI - US9256521090 - REIT
28.66 USD
+0.54 (+1.92%)
28.69 USD
+0.03 (+0.1%)
We assign a fundamental rating of 6 out of 10 to VICI. VICI was compared to 30 industry peers in the Specialized REITs industry. VICI scores excellent on profitability, but there are concerns on its financial health. VICI may be a bit undervalued, certainly considering the very reasonable score on growth Finally VICI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year VICI was profitable.
VICI had a positive operating cash flow in the past year.
Each year in the past 5 years VICI has been profitable.
Each year in the past 5 years VICI had a positive operating cash flow.
1.2 Ratios
VICI has a better Return On Assets (5.99%) than 80.00% of its industry peers.
VICI's Return On Equity of 10.06% is fine compared to the rest of the industry. VICI outperforms 73.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.34%, VICI is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for VICI is in line with the industry average of 4.78%.
The 3 year average ROIC (5.29%) for VICI is below the current ROIC(6.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 10.06% | ||
| ROIC | 6.34% |
ROA(3y)4.86%
ROA(5y)5.11%
ROE(3y)8.38%
ROE(5y)8.6%
ROIC(3y)5.29%
ROIC(5y)5.36%
1.3 Margins
With an excellent Profit Margin value of 70.18%, VICI belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
VICI's Profit Margin has improved in the last couple of years.
VICI's Operating Margin of 92.60% is amongst the best of the industry. VICI outperforms 100.00% of its industry peers.
In the last couple of years the Operating Margin of VICI has remained more or less at the same level.
VICI has a better Gross Margin (99.33%) than 100.00% of its industry peers.
VICI's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 92.6% | ||
| PM (TTM) | 70.18% | ||
| GM | 99.33% |
OM growth 3Y-1.26%
OM growth 5Y-0.56%
PM growth 3Y1.19%
PM growth 5Y2.66%
GM growth 3Y0.23%
GM growth 5Y0.29%
2. Health
2.1 Basic Checks
VICI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
VICI has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, VICI has more shares outstanding
The debt/assets ratio for VICI has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.39, we must say that VICI is in the distress zone and has some risk of bankruptcy.
With a decent Altman-Z score value of 1.39, VICI is doing good in the industry, outperforming 76.67% of the companies in the same industry.
VICI has a debt to FCF ratio of 7.63. This is a slightly negative value and a sign of low solvency as VICI would need 7.63 years to pay back of all of its debts.
The Debt to FCF ratio of VICI (7.63) is better than 80.00% of its industry peers.
VICI has a Debt/Equity ratio of 0.64. This is a neutral value indicating VICI is somewhat dependend on debt financing.
The Debt to Equity ratio of VICI (0.64) is better than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.63 | ||
| Altman-Z | 1.39 |
ROIC/WACC0.85
WACC7.44%
2.3 Liquidity
VICI has a Current Ratio of 0.69. This is a bad value and indicates that VICI is not financially healthy enough and could expect problems in meeting its short term obligations.
VICI has a Current ratio of 0.69. This is comparable to the rest of the industry: VICI outperforms 50.00% of its industry peers.
A Quick Ratio of 0.69 indicates that VICI may have some problems paying its short term obligations.
VICI has a Quick ratio (0.69) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
VICI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.96%.
VICI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.23% yearly.
Looking at the last year, VICI shows a small growth in Revenue. The Revenue has grown by 4.31% in the last year.
VICI shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 33.88% yearly.
EPS 1Y (TTM)-2.96%
EPS 3Y13.3%
EPS 5Y15.23%
EPS Q2Q%1.43%
Revenue 1Y (TTM)4.31%
Revenue growth 3Y36.62%
Revenue growth 5Y33.88%
Sales Q2Q%4.44%
3.2 Future
Based on estimates for the next years, VICI will show a small growth in Earnings Per Share. The EPS will grow by 5.16% on average per year.
The Revenue is expected to grow by 4.06% on average over the next years.
EPS Next Y8.95%
EPS Next 2Y7.22%
EPS Next 3Y5.16%
EPS Next 5YN/A
Revenue Next Year4.23%
Revenue Next 2Y3.51%
Revenue Next 3Y2.75%
Revenue Next 5Y4.06%
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 decreasing.
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 10.94, the valuation of VICI can be described as reasonable.
Based on the Price/Earnings ratio, VICI is valued cheaper than 93.33% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.54. VICI is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 9.74, the valuation of VICI can be described as reasonable.
Based on the Price/Forward Earnings ratio, VICI is valued cheaply inside the industry as 96.67% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of VICI to the average of the S&P500 Index (23.78), we can say VICI is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.94 | ||
| Fwd PE | 9.74 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VICI is valued cheaper than 90.00% of the companies in the same industry.
90.00% of the companies in the same industry are more expensive than VICI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.26 | ||
| EV/EBITDA | 12.98 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
VICI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.22
PEG (5Y)0.72
EPS Next 2Y7.22%
EPS Next 3Y5.16%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.48%, VICI is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.06, VICI pays a better dividend. On top of this VICI pays more dividend than 86.67% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 1.96, VICI pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.48% |
5.2 History
On average, the dividend of VICI grows each year by 8.63%, which is quite nice.
VICI has been paying a dividend for over 5 years, so it has already some track record.
VICI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)8.63%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
VICI pays out 65.54% of its income as dividend. This is not a sustainable payout ratio.
VICI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP65.54%
EPS Next 2Y7.22%
EPS Next 3Y5.16%
28.66
+0.54 (+1.92%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners100.64%
Inst Owner Change-1.67%
Ins Owners0.28%
Ins Owner Change0.15%
Market Cap30.63B
Revenue(TTM)3.97B
Net Income(TTM)2.79B
Analysts82
Price Target36.58 (27.63%)
Short Float %2.65%
Short Ratio2.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.48% |
Yearly Dividend1.67
Dividend Growth(5Y)8.63%
DP65.54%
Div Incr Years6
Div Non Decr Years6
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.5%
Min EPS beat(2)-0.32%
Max EPS beat(2)17.33%
EPS beat(4)1
Avg EPS beat(4)-6.19%
Min EPS beat(4)-26.29%
Max EPS beat(4)17.33%
EPS beat(8)4
Avg EPS beat(8)-3.38%
EPS beat(12)6
Avg EPS beat(12)-2.93%
EPS beat(16)7
Avg EPS beat(16)-5.31%
Revenue beat(2)0
Avg Revenue beat(2)-1.04%
Min Revenue beat(2)-1.23%
Max Revenue beat(2)-0.86%
Revenue beat(4)0
Avg Revenue beat(4)-1.11%
Min Revenue beat(4)-1.23%
Max Revenue beat(4)-0.86%
Revenue beat(8)0
Avg Revenue beat(8)-0.98%
Revenue beat(12)3
Avg Revenue beat(12)-0.47%
Revenue beat(16)4
Avg Revenue beat(16)0.11%
PT rev (1m)-2.59%
PT rev (3m)-2.44%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)-0.03%
EPS NY rev (1m)0.42%
EPS NY rev (3m)2.1%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)0.49%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)0.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.94 | ||
| Fwd PE | 9.74 | ||
| P/S | 7.72 | ||
| P/FCF | 13.26 | ||
| P/OCF | 12.44 | ||
| P/B | 1.11 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 12.98 |
EPS(TTM)2.62
EY9.14%
EPS(NY)2.94
Fwd EY10.27%
FCF(TTM)2.16
FCFY7.54%
OCF(TTM)2.3
OCFY8.04%
SpS3.71
BVpS25.89
TBVpS25.89
PEG (NY)1.22
PEG (5Y)0.72
Graham Number39.07
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.99% | ||
| ROE | 10.06% | ||
| ROCE | 8.03% | ||
| ROIC | 6.34% | ||
| ROICexc | 6.41% | ||
| ROICexgc | 6.41% | ||
| OM | 92.6% | ||
| PM (TTM) | 70.18% | ||
| GM | 99.33% | ||
| FCFM | 58.2% |
ROA(3y)4.86%
ROA(5y)5.11%
ROE(3y)8.38%
ROE(5y)8.6%
ROIC(3y)5.29%
ROIC(5y)5.36%
ROICexc(3y)5.35%
ROICexc(5y)5.47%
ROICexgc(3y)5.35%
ROICexgc(5y)3.94%
ROCE(3y)6.7%
ROCE(5y)6.78%
ROICexgc growth 3Y41.44%
ROICexgc growth 5Y27.34%
ROICexc growth 3Y-2.76%
ROICexc growth 5Y2.56%
OM growth 3Y-1.26%
OM growth 5Y-0.56%
PM growth 3Y1.19%
PM growth 5Y2.66%
GM growth 3Y0.23%
GM growth 5Y0.29%
F-Score6
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.63 | ||
| Debt/EBITDA | 4.79 | ||
| Cap/Depr | 4149.4% | ||
| Cap/Sales | 3.83% | ||
| Interest Coverage | 4.56 | ||
| Cash Conversion | 66.93% | ||
| Profit Quality | 82.94% | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | 1.39 |
F-Score6
WACC7.44%
ROIC/WACC0.85
Cap/Depr(3y)59033.7%
Cap/Depr(5y)57630.8%
Cap/Sales(3y)71.67%
Cap/Sales(5y)110.02%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-2.96%
EPS 3Y13.3%
EPS 5Y15.23%
EPS Q2Q%1.43%
EPS Next Y8.95%
EPS Next 2Y7.22%
EPS Next 3Y5.16%
EPS Next 5YN/A
Revenue 1Y (TTM)4.31%
Revenue growth 3Y36.62%
Revenue growth 5Y33.88%
Sales Q2Q%4.44%
Revenue Next Year4.23%
Revenue Next 2Y3.51%
Revenue Next 3Y2.75%
Revenue Next 5Y4.06%
EBIT growth 1Y0.33%
EBIT growth 3Y34.89%
EBIT growth 5Y33.14%
EBIT Next Year-7.86%
EBIT Next 3Y0.14%
EBIT Next 5YN/A
FCF growth 1Y93.94%
FCF growth 3Y30.13%
FCF growth 5YN/A
OCF growth 1Y17.67%
OCF growth 3Y38.5%
OCF growth 5Y28.41%
VICI PROPERTIES INC / VICI FAQ
What is the ChartMill fundamental rating of VICI PROPERTIES INC (VICI) stock?
ChartMill assigns a fundamental rating of 6 / 10 to VICI.
What is the valuation status for VICI stock?
ChartMill assigns a valuation rating of 8 / 10 to VICI PROPERTIES INC (VICI). This can be considered as Undervalued.
How profitable is VICI PROPERTIES INC (VICI) stock?
VICI PROPERTIES INC (VICI) has a profitability rating of 8 / 10.
How financially healthy is VICI PROPERTIES INC?
The financial health rating of VICI PROPERTIES INC (VICI) is 3 / 10.
Is the dividend of VICI PROPERTIES INC sustainable?
The dividend rating of VICI PROPERTIES INC (VICI) is 7 / 10 and the dividend payout ratio is 65.54%.