INDUSTRIAL LOGISTICS PROPERT (ILPT) Stock Fundamental Analysis
NASDAQ:ILPT - Nasdaq - US4562371066 - REIT - Currency: USD
Overall ILPT gets a fundamental rating of 3 out of 10. We evaluated ILPT against 130 industry peers in the Diversified REITs industry. There are concerns on the financial health of ILPT while its profitability can be described as average. ILPT is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
ILPT had positive earnings in the past year.
In the past year ILPT had a positive cash flow from operations.
In multiple years ILPT reported negative net income over the last 5 years.
Each year in the past 5 years ILPT had a positive operating cash flow.
1.2 Ratios
ILPT's Return On Assets of -1.77% is on the low side compared to the rest of the industry. ILPT is outperformed by 73.08% of its industry peers.
With a Return On Equity value of -17.02%, ILPT is not doing good in the industry: 83.08% of the companies in the same industry are doing better.
ILPT's Return On Invested Capital of 2.06% is on the low side compared to the rest of the industry. ILPT is outperformed by 66.15% of its industry peers.
ILPT had an Average Return On Invested Capital over the past 3 years of 1.99%. This is in line with the industry average of 3.19%.
The last Return On Invested Capital (2.06%) for ILPT is above the 3 year average (1.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.77% | ||
| ROE | -17.02% | ||
| ROIC | 2.06% |
ROA(3y)-2.57%
ROA(5y)0.56%
ROE(3y)-20.61%
ROE(5y)-8.43%
ROIC(3y)1.99%
ROIC(5y)3.18%
1.3 Margins
With a decent Operating Margin value of 31.37%, ILPT is doing good in the industry, outperforming 66.92% of the companies in the same industry.
ILPT's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 85.86%, ILPT belongs to the top of the industry, outperforming 87.69% of the companies in the same industry.
In the last couple of years the Gross Margin of ILPT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.37% | ||
| PM (TTM) | N/A | ||
| GM | 85.86% |
OM growth 3Y-12.7%
OM growth 5Y-6.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.16%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ILPT is destroying value.
Compared to 1 year ago, ILPT has more shares outstanding
The number of shares outstanding for ILPT has been increased compared to 5 years ago.
Compared to 1 year ago, ILPT has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.11, we must say that ILPT is in the distress zone and has some risk of bankruptcy.
ILPT has a worse Altman-Z score (0.11) than 70.77% of its industry peers.
A Debt/Equity ratio of 7.65 is on the high side and indicates that ILPT has dependencies on debt financing.
ILPT has a Debt to Equity ratio of 7.65. This is amonst the worse of the industry: ILPT underperforms 90.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.65 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.11 |
ROIC/WACC0.43
WACC4.8%
2.3 Liquidity
ILPT has a Current Ratio of 3.20. This indicates that ILPT is financially healthy and has no problem in meeting its short term obligations.
ILPT has a better Current ratio (3.20) than 88.46% of its industry peers.
ILPT has a Quick Ratio of 3.20. This indicates that ILPT is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.20, ILPT belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.2 | ||
| Quick Ratio | 3.2 |
3. Growth
3.1 Past
ILPT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 201.92%, which is quite impressive.
The Earnings Per Share has been decreasing by -8.13% on average over the past years.
The Revenue has been growing slightly by 1.15% in the past year.
The Revenue has been growing by 14.05% on average over the past years. This is quite good.
EPS 1Y (TTM)201.92%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%8.33%
Revenue 1Y (TTM)1.15%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%1.49%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
ILPT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.38% yearly.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2Y3.38%
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.
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
With a Price/Earnings ratio of 4.92, the valuation of ILPT can be described as very cheap.
96.15% of the companies in the same industry are more expensive than ILPT, based on the Price/Earnings ratio.
ILPT is valuated cheaply when we compare the Price/Earnings ratio to 28.29, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.92 | ||
| Fwd PE | N/A |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as ILPT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 14.19 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
ILPT has a Yearly Dividend Yield of 1.53%.
The stock price of ILPT dropped by -27.10% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
With a Dividend Yield of 1.53, ILPT pays less dividend than the industry average, which is at 16.87. 92.31% of the companies listed in the same industry pay a better dividend than ILPT!
ILPT's Dividend Yield is slightly below the S&P500 average, which is at 2.51.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.53% |
5.2 History
The dividend of ILPT decreases each year by -50.30%.
ILPT has been paying a dividend for over 5 years, so it has already some track record.
ILPT has decreased its dividend recently.
Dividend Growth(5Y)-50.3%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
ILPT has negative earnings and hence a negative payout ratio. The dividend may be in danger.
ILPT's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP-2.76%
EPS Next 2YN/A
EPS Next 3YN/A
2.61
-0.02 (-0.76%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners52.36%
Inst Owner Change0.05%
Ins Owners2%
Ins Owner Change0%
Market Cap172.63M
Analysts43.33
Price Target10.2 (290.8%)
Short Float %2.33%
Short Ratio4.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.53% |
Yearly Dividend0.04
Dividend Growth(5Y)-50.3%
DP-2.76%
Div Incr Years0
Div Non Decr Years1
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 | 4.92 | ||
| Fwd PE | N/A | ||
| P/S | 0.39 | ||
| P/FCF | N/A | ||
| P/OCF | 87.94 | ||
| P/B | 0.31 | ||
| P/tB | 0.48 | ||
| EV/EBITDA | 14.19 |
EPS(TTM)0.53
EY20.31%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.06
FCFYN/A
OCF(TTM)0.03
OCFY1.14%
SpS6.69
BVpS8.5
TBVpS5.49
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.77% | ||
| ROE | -17.02% | ||
| ROCE | 2.61% | ||
| ROIC | 2.06% | ||
| ROICexc | 2.11% | ||
| ROICexgc | 2.22% | ||
| OM | 31.37% | ||
| PM (TTM) | N/A | ||
| GM | 85.86% | ||
| FCFM | N/A |
ROA(3y)-2.57%
ROA(5y)0.56%
ROE(3y)-20.61%
ROE(5y)-8.43%
ROIC(3y)1.99%
ROIC(5y)3.18%
ROICexc(3y)2.03%
ROICexc(5y)3.23%
ROICexgc(3y)2.15%
ROICexgc(5y)3.41%
ROCE(3y)2.52%
ROCE(5y)4.03%
ROICexcg growth 3Y-24.2%
ROICexcg growth 5Y-9.45%
ROICexc growth 3Y-24.42%
ROICexc growth 5Y-9.25%
OM growth 3Y-12.7%
OM growth 5Y-6.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.16%
GM growth 5Y-0.21%
F-Score6
Asset Turnover0.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 7.65 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 14.05 | ||
| Cap/Depr | 3.41% | ||
| Cap/Sales | 1.29% | ||
| Interest Coverage | 0.59 | ||
| Cash Conversion | 0.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.2 | ||
| Quick Ratio | 3.2 | ||
| Altman-Z | 0.11 |
F-Score6
WACC4.8%
ROIC/WACC0.43
Cap/Depr(3y)8.64%
Cap/Depr(5y)8.91%
Cap/Sales(3y)3.43%
Cap/Sales(5y)2.97%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)201.92%
EPS 3Y-33.84%
EPS 5Y-8.13%
EPS Q2Q%8.33%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.15%
Revenue growth 3Y26.23%
Revenue growth 5Y14.05%
Sales Q2Q%1.49%
Revenue Next YearN/A
Revenue Next 2Y3.38%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y7.39%
EBIT growth 3Y10.2%
EBIT growth 5Y6.33%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y72.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-67.6%
OCF growth 3Y-73.92%
OCF growth 5Y-55.8%