WHITESTONE REIT (WSR) Stock Fundamental Analysis
USA - NYSE:WSR - US9660842041 - REIT
11.9 USD
+0.07 (+0.59%)
11.9 USD
0 (0%)
Taking everything into account, WSR scores 4 out of 10 in our fundamental rating. WSR was compared to 129 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.
Each year in the past 5 years WSR has been profitable.
In the past 5 years WSR always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of WSR (2.92%) is better than 73.64% of its industry peers.
With an excellent Return On Equity value of 7.89%, WSR belongs to the best of the industry, outperforming 82.17% of the companies in the same industry.
WSR has a Return On Invested Capital of 3.74%. This is in the better half of the industry: WSR outperforms 70.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for WSR is in line with the industry average of 3.01%.
The 3 year average ROIC (3.59%) for WSR is below the current ROIC(3.74%), indicating increased profibility in the last year.
| 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
The Profit Margin of WSR (21.70%) is better than 74.42% of its industry peers.
WSR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 33.64%, WSR is in the better half of the industry, outperforming 71.32% of the companies in the same industry.
WSR's Operating Margin has improved in the last couple of years.
WSR has a Gross Margin (69.83%) which 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.
The number of shares outstanding for WSR has been increased compared to 5 years ago.
The debt/assets ratio for WSR has been reduced compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.56, we must say that WSR is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of WSR (0.56) is comparable to the rest of the industry.
WSR has a Debt/Equity ratio of 1.57. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.57, WSR is doing worse than 62.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.57 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.56 |
ROIC/WACC0.56
WACC6.71%
2.3 Liquidity
WSR has a Current Ratio of 1.64. This is a normal value and indicates that WSR is financially healthy and should not expect problems in meeting 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 72.09% of the companies in the same industry.
WSR has a Quick Ratio of 1.64. This is a normal value and indicates that WSR is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.64, WSR is in the better half of the industry, outperforming 72.09% 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.
WSR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.63% yearly.
The Revenue has been growing slightly by 3.95% in the past year.
Measured over the past years, WSR shows a small growth in Revenue. The Revenue has been growing by 5.28% on average per year.
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-45.23%
EPS Next 2Y-18.67%
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
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 18.31, the valuation of WSR can be described as rather expensive.
86.82% of the companies in the same industry are more expensive than WSR, based on the Price/Earnings ratio.
WSR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 25.34, the valuation of WSR can be described as expensive.
82.95% 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 22.94, WSR is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.31 | ||
| Fwd PE | 25.34 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as WSR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.46 |
4.3 Compensation for Growth
WSR has a very decent profitability rating, which may justify a higher PE ratio.
WSR's earnings are expected to decrease with -11.94% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)3.25
EPS Next 2Y-18.67%
EPS Next 3Y-11.94%
5. Dividend
5.1 Amount
WSR has a Yearly Dividend Yield of 4.56%, which is a nice return.
Compared to an average industry Dividend Yield of 6.81, WSR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, WSR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.56% |
5.2 History
The dividend of WSR decreases each year by -15.28%.
WSR has paid a dividend for at least 10 years, which is 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.
WSR's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP77.5%
EPS Next 2Y-18.67%
EPS Next 3Y-11.94%
11.9
+0.07 (+0.59%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners65.2%
Inst Owner Change0.02%
Ins Owners3.39%
Ins Owner Change2.08%
Market Cap607.14M
Analysts80
Price Target15.22 (27.9%)
Short Float %1.05%
Short Ratio2.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.56% |
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)-0.08%
PT rev (3m)-1.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)21.15%
EPS NY rev (1m)13.24%
EPS NY rev (3m)12.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.31 | ||
| Fwd PE | 25.34 | ||
| P/S | 3.91 | ||
| P/FCF | N/A | ||
| P/OCF | 11.82 | ||
| P/B | 1.42 | ||
| P/tB | 1.42 | ||
| EV/EBITDA | 14.46 |
EPS(TTM)0.65
EY5.46%
EPS(NY)0.47
Fwd EY3.95%
FCF(TTM)-0.44
FCFYN/A
OCF(TTM)1.01
OCFY8.46%
SpS3.05
BVpS8.38
TBVpS8.38
PEG (NY)N/A
PEG (5Y)3.25
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 | 0.56 |
F-Score6
WACC6.71%
ROIC/WACC0.56
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-45.23%
EPS Next 2Y-18.67%
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 Year79.85%
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%