HEALTHPEAK PROPERTIES INC (DOC) Stock Fundamental Analysis
NYSE:DOC - New York Stock Exchange, Inc. - US42250P1030 - REIT - Currency: USD
We assign a fundamental rating of 3 out of 10 to DOC. DOC was compared to 128 industry peers in the Diversified REITs industry. While DOC is still in line with the averages on profitability rating, there are concerns on its financial health. DOC is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year DOC was profitable.
In the past year DOC had a positive cash flow from operations.
In the past 5 years DOC has always been profitable.
In the past 5 years DOC always reported a positive cash flow from operatings.
1.2 Ratios
DOC's Return On Assets of 1.22% is in line compared to the rest of the industry. DOC outperforms 58.40% of its industry peers.
DOC has a Return On Equity of 2.89%. This is comparable to the rest of the industry: DOC outperforms 56.80% of its industry peers.
With a Return On Invested Capital value of 2.63%, DOC perfoms like the industry average, outperforming 50.40% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for DOC is in line with the industry average of 3.13%.
The last Return On Invested Capital (2.63%) for DOC is above the 3 year average (2.39%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.22% | ||
| ROE | 2.89% | ||
| ROIC | 2.63% |
ROA(3y)2.1%
ROA(5y)2.44%
ROE(3y)5.05%
ROE(5y)5.78%
ROIC(3y)2.39%
ROIC(5y)2.05%
1.3 Margins
DOC has a Profit Margin of 8.98%. This is comparable to the rest of the industry: DOC outperforms 57.60% of its industry peers.
DOC's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 21.71%, DOC perfoms like the industry average, outperforming 50.40% of the companies in the same industry.
DOC's Operating Margin has declined in the last couple of years.
DOC's Gross Margin of 64.46% is on the low side compared to the rest of the industry. DOC is outperformed by 63.20% of its industry peers.
DOC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.71% | ||
| PM (TTM) | 8.98% | ||
| GM | 64.46% |
OM growth 3Y5.47%
OM growth 5Y-2.9%
PM growth 3Y-30.28%
PM growth 5Y20.4%
GM growth 3Y2.83%
GM growth 5Y-0.77%
2. Health
2.1 Basic Checks
DOC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, DOC has more shares outstanding
DOC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, DOC has about the same debt to assets ratio.
2.2 Solvency
DOC has an Altman-Z score of 0.48. This is a bad value and indicates that DOC is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 0.48, DOC perfoms like the industry average, outperforming 43.20% of the companies in the same industry.
The Debt to FCF ratio of DOC is 18.70, which is on the high side as it means it would take DOC, 18.70 years of fcf income to pay off all of its debts.
DOC has a Debt to FCF ratio of 18.70. This is in the better half of the industry: DOC outperforms 76.00% of its industry peers.
A Debt/Equity ratio of 0.94 indicates that DOC is somewhat dependend on debt financing.
DOC has a better Debt to Equity ratio (0.94) than 60.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 18.7 | ||
| Altman-Z | 0.48 |
ROIC/WACC0.39
WACC6.73%
2.3 Liquidity
A Current Ratio of 0.08 indicates that DOC may have some problems paying its short term obligations.
The Current ratio of DOC (0.08) is worse than 99.20% of its industry peers.
DOC has a Quick Ratio of 0.08. This is a bad value and indicates that DOC is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.08, DOC is not doing good in the industry: 99.20% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 |
3. Growth
3.1 Past
DOC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -37.50%.
DOC shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.64% yearly.
The Revenue has grown by 23.82% in the past year. This is a very strong growth!
DOC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.84% yearly.
EPS 1Y (TTM)-37.5%
EPS 3Y-2.7%
EPS 5Y-2.64%
EPS Q2Q%-92.31%
Revenue 1Y (TTM)23.82%
Revenue growth 3Y12.51%
Revenue growth 5Y16.84%
Sales Q2Q%26.07%
3.2 Future
Based on estimates for the next years, DOC will show a decrease in Earnings Per Share. The EPS will decrease by -2.84% on average per year.
Based on estimates for the next years, DOC will show a very negative growth in Revenue. The Revenue will decrease by -29.18% on average per year.
EPS Next Y-36.83%
EPS Next 2Y-10.92%
EPS Next 3Y-9.72%
EPS Next 5Y-2.84%
Revenue Next Year5.01%
Revenue Next 2Y4.57%
Revenue Next 3Y4.61%
Revenue Next 5Y-29.18%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same 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
Based on the Price/Earnings ratio of 56.99, the valuation of DOC can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of DOC is on the same level as its industry peers.
DOC's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.43.
A Price/Forward Earnings ratio of 90.23 indicates a quite expensive valuation of DOC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of DOC is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.65, DOC is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.99 | ||
| Fwd PE | 90.23 |
4.2 Price Multiples
DOC's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DOC indicates a somewhat cheap valuation: DOC is cheaper than 65.60% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.93 | ||
| EV/EBITDA | 13.83 |
4.3 Compensation for Growth
A cheap valuation may be justified as DOC's earnings are expected to decrease with -9.72% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.92%
EPS Next 3Y-9.72%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.17%, DOC is a good candidate for dividend investing.
DOC's Dividend Yield is a higher than the industry average which is at 18.33.
DOC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.17% |
5.2 History
The dividend of DOC decreases each year by -2.76%.
DOC has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-2.76%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DOC pays out 327.90% of its income as dividend. This is not a sustainable payout ratio.
The Dividend Rate of DOC has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP327.9%
EPS Next 2Y-10.92%
EPS Next 3Y-9.72%
NYSE:DOC (2/26/2025, 3:13:48 PM)
19.9476
-0.26 (-1.3%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners94.75%
Inst Owner Change-100%
Ins Owners0.28%
Ins Owner Change-1.85%
Market Cap13.95B
Analysts80.83
Price Target25.16 (26.13%)
Short Float %1.76%
Short Ratio2.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.17% |
Yearly Dividend1.28
Dividend Growth(5Y)-2.76%
DP327.9%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.57%
Min EPS beat(2)-79.16%
Max EPS beat(2)76.02%
EPS beat(4)2
Avg EPS beat(4)10.32%
Min EPS beat(4)-86.62%
Max EPS beat(4)131.02%
EPS beat(8)5
Avg EPS beat(8)31.06%
EPS beat(12)8
Avg EPS beat(12)58.38%
EPS beat(16)9
Avg EPS beat(16)40.26%
Revenue beat(2)2
Avg Revenue beat(2)1.14%
Min Revenue beat(2)0.34%
Max Revenue beat(2)1.94%
Revenue beat(4)4
Avg Revenue beat(4)3.28%
Min Revenue beat(4)0.34%
Max Revenue beat(4)7.87%
Revenue beat(8)6
Avg Revenue beat(8)-7.44%
Revenue beat(12)8
Avg Revenue beat(12)-4.82%
Revenue beat(16)12
Avg Revenue beat(16)35.62%
PT rev (1m)-2.37%
PT rev (3m)-3.01%
EPS NQ rev (1m)-0.63%
EPS NQ rev (3m)-55.07%
EPS NY rev (1m)0.51%
EPS NY rev (3m)-13.97%
Revenue NQ rev (1m)-1.63%
Revenue NQ rev (3m)-0.66%
Revenue NY rev (1m)-0.88%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.99 | ||
| Fwd PE | 90.23 | ||
| P/S | 5.17 | ||
| P/FCF | 29.93 | ||
| P/OCF | 13.04 | ||
| P/B | 1.66 | ||
| P/tB | 1.84 | ||
| EV/EBITDA | 13.83 |
EPS(TTM)0.35
EY1.75%
EPS(NY)0.22
Fwd EY1.11%
FCF(TTM)0.67
FCFY3.34%
OCF(TTM)1.53
OCFY7.67%
SpS3.86
BVpS12.01
TBVpS10.84
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.22% | ||
| ROE | 2.89% | ||
| ROCE | 3.33% | ||
| ROIC | 2.63% | ||
| ROICexc | 2.65% | ||
| ROICexgc | 2.94% | ||
| OM | 21.71% | ||
| PM (TTM) | 8.98% | ||
| GM | 64.46% | ||
| FCFM | 17.26% |
ROA(3y)2.1%
ROA(5y)2.44%
ROE(3y)5.05%
ROE(5y)5.78%
ROIC(3y)2.39%
ROIC(5y)2.05%
ROICexc(3y)2.4%
ROICexc(5y)2.06%
ROICexgc(3y)2.61%
ROICexgc(5y)2.23%
ROCE(3y)3.02%
ROCE(5y)2.59%
ROICexcg growth 3Y12%
ROICexcg growth 5Y7.99%
ROICexc growth 3Y11.28%
ROICexc growth 5Y7.36%
OM growth 3Y5.47%
OM growth 5Y-2.9%
PM growth 3Y-30.28%
PM growth 5Y20.4%
GM growth 3Y2.83%
GM growth 5Y-0.77%
F-Score6
Asset Turnover0.14
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | 18.7 | ||
| Debt/EBITDA | 4.81 | ||
| Cap/Depr | 57.16% | ||
| Cap/Sales | 22.38% | ||
| Interest Coverage | 2.35 | ||
| Cash Conversion | 65.13% | ||
| Profit Quality | 192.35% | ||
| Current Ratio | 0.08 | ||
| Quick Ratio | 0.08 | ||
| Altman-Z | 0.48 |
F-Score6
WACC6.73%
ROIC/WACC0.39
Cap/Depr(3y)101.04%
Cap/Depr(5y)178.11%
Cap/Sales(3y)35.69%
Cap/Sales(5y)67.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-37.5%
EPS 3Y-2.7%
EPS 5Y-2.64%
EPS Q2Q%-92.31%
EPS Next Y-36.83%
EPS Next 2Y-10.92%
EPS Next 3Y-9.72%
EPS Next 5Y-2.84%
Revenue 1Y (TTM)23.82%
Revenue growth 3Y12.51%
Revenue growth 5Y16.84%
Sales Q2Q%26.07%
Revenue Next Year5.01%
Revenue Next 2Y4.57%
Revenue Next 3Y4.61%
Revenue Next 5Y-29.18%
EBIT growth 1Y30.97%
EBIT growth 3Y18.66%
EBIT growth 5Y13.45%
EBIT Next Year242.43%
EBIT Next 3Y56.29%
EBIT Next 5Y33.61%
FCF growth 1Y122.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y11.95%
OCF growth 3Y10.42%
OCF growth 5Y4.82%