VICI PROPERTIES INC (VICI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:VICI - US9256521090 - REIT
28.82 USD
+0.02 (+0.07%)
28.85 USD
+0.03 (+0.1%)
Taking everything into account, VICI scores 6 out of 10 in our fundamental rating. 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
1. Profitability
1.1 Basic Checks
VICI had positive earnings in the past year.
In the past year VICI had a positive cash flow from operations.
Each year in the past 5 years VICI has been profitable.
In the past 5 years VICI always reported a positive cash flow from operatings.
1.2 Ratios
VICI has a Return On Assets of 5.99%. This is in the better half of the industry: VICI outperforms 80.00% of its industry peers.
Looking at the Return On Equity, with a value of 10.06%, VICI is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
VICI's Return On Invested Capital of 6.34% is fine compared to the rest of the industry. VICI outperforms 80.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VICI is in line with the industry average of 4.77%.
The last Return On Invested Capital (6.34%) for VICI is above the 3 year average (5.29%), which is a sign of increasing profitability.
| 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
VICI's Profit Margin of 70.18% is amongst the best of the industry. VICI outperforms 96.67% of its industry peers.
VICI's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 92.60%, VICI belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of VICI has remained more or less at the same level.
The Gross Margin of VICI (99.33%) is better than 100.00% of its industry peers.
In the last couple of years the Gross Margin of VICI has remained more or less at the same level.
| 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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VICI is destroying value.
Compared to 1 year ago, VICI has more shares outstanding
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 1.40, we must say that VICI is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.40, VICI is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
The Debt to FCF ratio of VICI is 7.63, which is on the high side as it means it would take VICI, 7.63 years of fcf income to pay off all of its debts.
VICI has a Debt to FCF ratio of 7.63. This is in the better half of the industry: VICI outperforms 80.00% of its industry peers.
A Debt/Equity ratio of 0.64 indicates that VICI is somewhat dependend on debt financing.
With an excellent Debt to Equity ratio value of 0.64, VICI belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 7.63 | ||
| Altman-Z | 1.4 |
ROIC/WACC0.87
WACC7.27%
2.3 Liquidity
A Current Ratio of 0.69 indicates that VICI may have some problems paying its short term obligations.
With a Current ratio value of 0.69, VICI perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
VICI has a Quick 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.
With a Quick ratio value of 0.69, VICI perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
The earnings per share for VICI have decreased by -2.96% in the last year.
The Earnings Per Share has been growing by 15.23% on average over the past years. This is quite good.
VICI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.31%.
The Revenue has been growing by 33.88% on average over the past years. This is a very strong growth!
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
VICI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.15% yearly.
Based on estimates for the next years, VICI will show a small growth in Revenue. The Revenue will grow by 4.06% on average per year.
EPS Next Y8.49%
EPS Next 2Y7.11%
EPS Next 3Y5.15%
EPS Next 5YN/A
Revenue Next Year4.07%
Revenue Next 2Y3.36%
Revenue Next 3Y2.48%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.00, the valuation of VICI can be described as very reasonable.
93.33% of the companies in the same industry are more expensive than VICI, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of VICI to the average of the S&P500 Index (25.45), we can say VICI is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.81, the valuation of VICI can be described as very reasonable.
96.67% of the companies in the same industry are more expensive than VICI, based on the Price/Forward Earnings ratio.
VICI's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.46.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11 | ||
| Fwd PE | 9.81 |
4.2 Price Multiples
VICI's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. VICI is cheaper than 90.00% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VICI indicates a rather cheap valuation: VICI is cheaper than 90.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.3 | ||
| EV/EBITDA | 13.01 |
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)1.29
PEG (5Y)0.72
EPS Next 2Y7.11%
EPS Next 3Y5.15%
5. Dividend
5.1 Amount
VICI has a Yearly Dividend Yield of 6.17%, which is a nice return.
VICI's Dividend Yield is a higher than the industry average which is at 6.14.
VICI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.17% |
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.
As VICI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)8.63%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
65.54% of the earnings are spent on dividend by VICI. 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 2Y7.11%
EPS Next 3Y5.15%
28.82
+0.02 (+0.07%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners102.59%
Inst Owner Change-1.72%
Ins Owners0.28%
Ins Owner Change0.15%
Market Cap30.73B
Revenue(TTM)3.97B
Net Income(TTM)2.79B
Analysts82.58
Price Target37.14 (28.87%)
Short Float %2.62%
Short Ratio3.08
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.17% |
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)-0.96%
PT rev (3m)-0.44%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)-0.1%
EPS NY rev (1m)0%
EPS NY rev (3m)1.67%
Revenue NQ rev (1m)-0.1%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11 | ||
| Fwd PE | 9.81 | ||
| P/S | 7.74 | ||
| P/FCF | 13.3 | ||
| P/OCF | 12.48 | ||
| P/B | 1.11 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 13.01 |
EPS(TTM)2.62
EY9.09%
EPS(NY)2.94
Fwd EY10.19%
FCF(TTM)2.17
FCFY7.52%
OCF(TTM)2.31
OCFY8.01%
SpS3.72
BVpS25.95
TBVpS25.95
PEG (NY)1.29
PEG (5Y)0.72
Graham Number39.11
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 | 1.4 |
F-Score6
WACC7.27%
ROIC/WACC0.87
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 Y8.49%
EPS Next 2Y7.11%
EPS Next 3Y5.15%
EPS Next 5YN/A
Revenue 1Y (TTM)4.31%
Revenue growth 3Y36.62%
Revenue growth 5Y33.88%
Sales Q2Q%4.44%
Revenue Next Year4.07%
Revenue Next 2Y3.36%
Revenue Next 3Y2.48%
Revenue Next 5Y4.06%
EBIT growth 1Y0.33%
EBIT growth 3Y34.89%
EBIT growth 5Y33.14%
EBIT Next Year-8.8%
EBIT Next 3Y-0.48%
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 6 / 10 and the dividend payout ratio is 65.54%.