WHITESTONE REIT (WSR) Stock Fundamental Analysis
USA - NYSE:WSR - US9660842041 - REIT
12.72 USD
-0.06 (-0.47%)
12.72 USD
0 (0%)
Taking everything into account, WSR scores 4 out of 10 in our fundamental rating. WSR was compared to 130 industry peers in the Diversified REITs industry. WSR scores excellent on profitability, but there are concerns on its financial health. WSR does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
WSR had positive earnings in the past year.
In the past year WSR had a positive cash flow from operations.
In the past 5 years WSR has always been profitable.
WSR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
WSR's Return On Assets of 2.92% is fine compared to the rest of the industry. WSR outperforms 73.85% of its industry peers.
With an excellent Return On Equity value of 7.89%, WSR belongs to the best of the industry, outperforming 82.31% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 3.74%, WSR is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for WSR is in line with the industry average of 3.05%.
The last Return On Invested Capital (3.74%) for WSR is above the 3 year average (3.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.92% | ||
| ROE | 7.89% | ||
| ROIC | 3.74% |
ROA(3y)2.72%
ROA(5y)1.97%
ROE(3y)7.16%
ROE(5y)5.27%
ROIC(3y)3.59%
ROIC(5y)3.15%
1.3 Margins
WSR has a better Profit Margin (21.70%) than 74.62% of its industry peers.
In the last couple of years the Profit Margin of WSR has grown nicely.
With a decent Operating Margin value of 33.64%, WSR is doing good in the industry, outperforming 71.54% of the companies in the same industry.
In the last couple of years the Operating Margin of WSR has grown nicely.
The Gross Margin of WSR (69.83%) is comparable to the rest of the industry.
WSR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.64% | ||
| PM (TTM) | 21.7% | ||
| GM | 69.83% |
OM growth 3Y5.79%
OM growth 5Y2.69%
PM growth 3Y35.51%
PM growth 5Y3.87%
GM growth 3Y0.75%
GM growth 5Y0.35%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so WSR is destroying value.
WSR has more shares outstanding than it did 1 year ago.
WSR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for WSR has been reduced compared to a year ago.
2.2 Solvency
WSR has an Altman-Z score of 0.60. This is a bad value and indicates that WSR is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.60, WSR is in line with its industry, outperforming 54.62% of the companies in the same industry.
WSR has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of WSR (1.57) is worse than 61.54% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.6 |
ROIC/WACC0.53
WACC6.99%
2.3 Liquidity
A Current Ratio of 1.64 indicates that WSR should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.64, WSR is in the better half of the industry, outperforming 72.31% of the companies in the same industry.
A Quick Ratio of 1.64 indicates that WSR should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.64, WSR is doing good in the industry, outperforming 72.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.64 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 91.18% over the past year.
The Earnings Per Share has been growing slightly by 5.63% on average over the past years.
Looking at the last year, WSR shows a small growth in Revenue. The Revenue has grown by 3.95% in the last year.
WSR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.28% yearly.
EPS 1Y (TTM)91.18%
EPS 3Y39.77%
EPS 5Y5.63%
EPS Q2Q%100%
Revenue 1Y (TTM)3.95%
Revenue growth 3Y7.16%
Revenue growth 5Y5.28%
Sales Q2Q%0.65%
3.2 Future
Based on estimates for the next years, WSR will show a decrease in Earnings Per Share. The EPS will decrease by -4.79% on average per year.
The Revenue is expected to grow by 4.20% on average over the next years.
EPS Next Y-51.63%
EPS Next 2Y-23.17%
EPS Next 3Y-11.94%
EPS Next 5Y-4.79%
Revenue Next Year1.49%
Revenue Next 2Y3.08%
Revenue Next 3Y4.32%
Revenue Next 5Y4.2%
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 decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.57 indicates a rather expensive valuation of WSR.
Based on the Price/Earnings ratio, WSR is valued cheaper than 86.15% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, WSR is valued a bit cheaper.
The Price/Forward Earnings ratio is 30.35, which means the current valuation is very expensive for WSR.
76.92% of the companies in the same industry are more expensive than WSR, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, WSR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.57 | ||
| Fwd PE | 30.35 |
4.2 Price Multiples
WSR's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.01 |
4.3 Compensation for Growth
The decent profitability rating of WSR may justify a higher PE ratio.
A cheap valuation may be justified as WSR's earnings are expected to decrease with -11.94% in the coming years.
PEG (NY)N/A
PEG (5Y)3.48
EPS Next 2Y-23.17%
EPS Next 3Y-11.94%
5. Dividend
5.1 Amount
WSR has a Yearly Dividend Yield of 4.13%, which is a nice return.
WSR's Dividend Yield is comparable with the industry average which is at 6.66.
WSR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
5.2 History
The dividend of WSR decreases each year by -15.28%.
WSR has been paying a dividend for at least 10 years, so it has a reliable track record.
WSR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-15.28%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
77.50% of the earnings are spent on dividend by WSR. This is not a sustainable payout ratio.
The Dividend Rate of WSR has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP77.5%
EPS Next 2Y-23.17%
EPS Next 3Y-11.94%
12.72
-0.06 (-0.47%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners65.14%
Inst Owner Change-0.67%
Ins Owners3.4%
Ins Owner Change2.15%
Market Cap648.97M
Analysts80
Price Target15.23 (19.73%)
Short Float %1.18%
Short Ratio2.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
Yearly Dividend0.49
Dividend Growth(5Y)-15.28%
DP77.5%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.18%
Min EPS beat(2)-18.46%
Max EPS beat(2)18.82%
EPS beat(4)3
Avg EPS beat(4)67.92%
Min EPS beat(4)-18.46%
Max EPS beat(4)206.3%
EPS beat(8)5
Avg EPS beat(8)92.25%
EPS beat(12)6
Avg EPS beat(12)95.19%
EPS beat(16)8
Avg EPS beat(16)73.19%
Revenue beat(2)0
Avg Revenue beat(2)-3.22%
Min Revenue beat(2)-3.76%
Max Revenue beat(2)-2.68%
Revenue beat(4)1
Avg Revenue beat(4)-0.56%
Min Revenue beat(4)-3.76%
Max Revenue beat(4)4.3%
Revenue beat(8)1
Avg Revenue beat(8)-0.77%
Revenue beat(12)1
Avg Revenue beat(12)-0.93%
Revenue beat(16)4
Avg Revenue beat(16)-0.51%
PT rev (1m)0%
PT rev (3m)-0.95%
EPS NQ rev (1m)23.53%
EPS NQ rev (3m)21.15%
EPS NY rev (1m)-0.97%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0.19%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)-1.04%
Revenue NY rev (3m)-1.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.57 | ||
| Fwd PE | 30.35 | ||
| P/S | 4.18 | ||
| P/FCF | N/A | ||
| P/OCF | 12.64 | ||
| P/B | 1.52 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | 15.01 |
EPS(TTM)0.65
EY5.11%
EPS(NY)0.42
Fwd EY3.3%
FCF(TTM)-0.44
FCFYN/A
OCF(TTM)1.01
OCFY7.91%
SpS3.05
BVpS8.38
TBVpS8.38
PEG (NY)N/A
PEG (5Y)3.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.92% | ||
| ROE | 7.89% | ||
| ROCE | 4.73% | ||
| ROIC | 3.74% | ||
| ROICexc | 3.76% | ||
| ROICexgc | 3.77% | ||
| OM | 33.64% | ||
| PM (TTM) | 21.7% | ||
| GM | 69.83% | ||
| FCFM | N/A |
ROA(3y)2.72%
ROA(5y)1.97%
ROE(3y)7.16%
ROE(5y)5.27%
ROIC(3y)3.59%
ROIC(5y)3.15%
ROICexc(3y)3.61%
ROICexc(5y)3.18%
ROICexgc(3y)3.65%
ROICexgc(5y)3.22%
ROCE(3y)4.54%
ROCE(5y)3.99%
ROICexcg growth 3Y12.11%
ROICexcg growth 5Y6.64%
ROICexc growth 3Y12.38%
ROICexc growth 5Y6.74%
OM growth 3Y5.79%
OM growth 5Y2.69%
PM growth 3Y35.51%
PM growth 5Y3.87%
GM growth 3Y0.75%
GM growth 5Y0.35%
F-Score6
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.65 | ||
| Cap/Depr | 208.38% | ||
| Cap/Sales | 47.64% | ||
| Interest Coverage | 1.58 | ||
| Cash Conversion | 58.51% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.64 | ||
| Altman-Z | 0.6 |
F-Score6
WACC6.99%
ROIC/WACC0.53
Cap/Depr(3y)159.87%
Cap/Depr(5y)164.15%
Cap/Sales(3y)36.2%
Cap/Sales(5y)37.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)91.18%
EPS 3Y39.77%
EPS 5Y5.63%
EPS Q2Q%100%
EPS Next Y-51.63%
EPS Next 2Y-23.17%
EPS Next 3Y-11.94%
EPS Next 5Y-4.79%
Revenue 1Y (TTM)3.95%
Revenue growth 3Y7.16%
Revenue growth 5Y5.28%
Sales Q2Q%0.65%
Revenue Next Year1.49%
Revenue Next 2Y3.08%
Revenue Next 3Y4.32%
Revenue Next 5Y4.2%
EBIT growth 1Y10.62%
EBIT growth 3Y13.37%
EBIT growth 5Y8.11%
EBIT Next Year78.83%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y31.54%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7.39%
OCF growth 3Y6.01%
OCF growth 5Y4.05%