ALEXANDER'S INC (ALX) Stock Fundamental Analysis
NYSE:ALX - New York Stock Exchange, Inc. - US0147521092 - REIT - Currency: USD
We assign a fundamental rating of 5 out of 10 to ALX. ALX was compared to 129 industry peers in the Diversified REITs industry. ALX scores excellent on profitability, but there are some minor concerns on its financial health. ALX has a valuation in line with the averages, but on the other hand it scores bad on growth. Finally ALX also has an excellent dividend rating. These ratings would make ALX suitable for dividend investing!
1. Profitability
1.1 Basic Checks
ALX had positive earnings in the past year.
In the past year ALX had a positive cash flow from operations.
In the past 5 years ALX has always been profitable.
Each year in the past 5 years ALX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of ALX (3.24%) is better than 80.95% of its industry peers.
ALX has a Return On Equity of 24.56%. This is amongst the best in the industry. ALX outperforms 96.83% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.97%, ALX belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ALX is in line with the industry average of 3.11%.
The last Return On Invested Capital (4.97%) for ALX is above the 3 year average (4.93%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 24.56% | ||
| ROIC | 4.97% |
ROA(3y)4.89%
ROA(5y)5.44%
ROE(3y)30.67%
ROE(5y)33.05%
ROIC(3y)4.93%
ROIC(5y)4.69%
1.3 Margins
The Profit Margin of ALX (19.19%) is better than 78.57% of its industry peers.
In the last couple of years the Profit Margin of ALX has declined.
With an excellent Operating Margin value of 36.15%, ALX belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
ALX's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 53.32%, ALX is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of ALX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.15% | ||
| PM (TTM) | 19.19% | ||
| GM | 53.32% |
OM growth 3Y-0.75%
OM growth 5Y-3.83%
PM growth 3Y-33.23%
PM growth 5Y-6.28%
GM growth 3Y-1.15%
GM growth 5Y-1.87%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ALX is destroying value.
ALX has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for ALX remains at a similar level compared to 5 years ago.
The debt/assets ratio for ALX has been reduced compared to a year ago.
2.2 Solvency
ALX has an Altman-Z score of 1.41. This is a bad value and indicates that ALX is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of ALX (1.41) is better than 88.89% of its industry peers.
The Debt to FCF ratio of ALX is 28.79, which is on the high side as it means it would take ALX, 28.79 years of fcf income to pay off all of its debts.
ALX has a Debt to FCF ratio of 28.79. This is in the better half of the industry: ALX outperforms 63.49% of its industry peers.
ALX has a Debt/Equity ratio of 5.59. This is a high value indicating a heavy dependency on external financing.
ALX's Debt to Equity ratio of 5.59 is on the low side compared to the rest of the industry. ALX is outperformed by 87.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.59 | ||
| Debt/FCF | 28.79 | ||
| Altman-Z | 1.41 |
ROIC/WACC0.68
WACC7.31%
2.3 Liquidity
ALX has a Current Ratio of 11.41. This indicates that ALX is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of ALX (11.41) is better than 99.21% of its industry peers.
A Quick Ratio of 11.41 indicates that ALX has no problem at all paying its short term obligations.
ALX's Quick ratio of 11.41 is amongst the best of the industry. ALX outperforms 99.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 11.41 | ||
| Quick Ratio | 11.41 |
3. Growth
3.1 Past
The earnings per share for ALX have decreased by -3.86% in the last year.
The Earnings Per Share has been decreasing by -6.40% on average over the past years.
The Revenue has been growing slightly by 0.64% in the past year.
Measured over the past years, ALX shows a decrease in Revenue. The Revenue has been decreasing by 0.00% on average per year.
EPS 1Y (TTM)-3.86%
EPS 3Y-31.25%
EPS 5Y-6.4%
EPS Q2Q%-18.64%
Revenue 1Y (TTM)0.64%
Revenue growth 3Y3.18%
Revenue growth 5Y0%
Sales Q2Q%-11.17%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.35, the valuation of ALX can be described as correct.
ALX's Price/Earnings ratio is rather cheap when compared to the industry. ALX is cheaper than 90.48% of the companies in the same industry.
ALX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.63.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.35 | ||
| Fwd PE | N/A |
4.2 Price Multiples
ALX's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ALX indicates a somewhat cheap valuation: ALX is cheaper than 65.08% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.19 | ||
| EV/EBITDA | 14.08 |
4.3 Compensation for Growth
ALX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.79%, ALX is a good candidate for dividend investing.
ALX's Dividend Yield is rather good when compared to the industry average which is at 18.40. ALX pays more dividend than 85.71% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, ALX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.79% |
5.2 History
The dividend of ALX has a limited annual growth rate of 0.03%.
ALX has paid a dividend for at least 10 years, which is a reliable track record.
ALX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)0.03%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
ALX pays out 212.64% of its income as dividend. This is not a sustainable payout ratio.
ALX's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP212.64%
EPS Next 2YN/A
EPS Next 3YN/A
202.78
-2.05 (-1%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners32.51%
Inst Owner Change-97.24%
Ins Owners16.14%
Ins Owner Change0%
Market Cap1.04B
Analysts42.5
Price Target153 (-24.55%)
Short Float %5.92%
Short Ratio9.2
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.79% |
Yearly Dividend18.09
Dividend Growth(5Y)0.03%
DP212.64%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.35 | ||
| Fwd PE | N/A | ||
| P/S | 4.58 | ||
| P/FCF | 30.19 | ||
| P/OCF | 19.15 | ||
| P/B | 5.86 | ||
| P/tB | 5.86 | ||
| EV/EBITDA | 14.08 |
EPS(TTM)15.19
EY7.49%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)6.72
FCFY3.31%
OCF(TTM)10.59
OCFY5.22%
SpS44.3
BVpS34.61
TBVpS34.61
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.24% | ||
| ROE | 24.56% | ||
| ROCE | 6.29% | ||
| ROIC | 4.97% | ||
| ROICexc | 6.71% | ||
| ROICexgc | 6.9% | ||
| OM | 36.15% | ||
| PM (TTM) | 19.19% | ||
| GM | 53.32% | ||
| FCFM | 15.16% |
ROA(3y)4.89%
ROA(5y)5.44%
ROE(3y)30.67%
ROE(5y)33.05%
ROIC(3y)4.93%
ROIC(5y)4.69%
ROICexc(3y)6.92%
ROICexc(5y)6.73%
ROICexgc(3y)7.12%
ROICexgc(5y)6.96%
ROCE(3y)6.24%
ROCE(5y)5.93%
ROICexcg growth 3Y-0.87%
ROICexcg growth 5Y-3.96%
ROICexc growth 3Y0.22%
ROICexc growth 5Y-4.09%
OM growth 3Y-0.75%
OM growth 5Y-3.83%
PM growth 3Y-33.23%
PM growth 5Y-6.28%
GM growth 3Y-1.15%
GM growth 5Y-1.87%
F-Score6
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.59 | ||
| Debt/FCF | 28.79 | ||
| Debt/EBITDA | 8.25 | ||
| Cap/Depr | 52.21% | ||
| Cap/Sales | 8.74% | ||
| Interest Coverage | 1.37 | ||
| Cash Conversion | 45.19% | ||
| Profit Quality | 79% | ||
| Current Ratio | 11.41 | ||
| Quick Ratio | 11.41 | ||
| Altman-Z | 1.41 |
F-Score6
WACC7.31%
ROIC/WACC0.68
Cap/Depr(3y)37.15%
Cap/Depr(5y)52.08%
Cap/Sales(3y)5.94%
Cap/Sales(5y)8.72%
Profit Quality(3y)111.31%
Profit Quality(5y)103.45%
High Growth Momentum
Growth
EPS 1Y (TTM)-3.86%
EPS 3Y-31.25%
EPS 5Y-6.4%
EPS Q2Q%-18.64%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)0.64%
Revenue growth 3Y3.18%
Revenue growth 5Y0%
Sales Q2Q%-11.17%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-3.25%
EBIT growth 3Y2.41%
EBIT growth 5Y-3.83%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-67.13%
FCF growth 3Y-29.75%
FCF growth 5Y-21.71%
OCF growth 1Y-50.41%
OCF growth 3Y-23%
OCF growth 5Y-15.57%