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INDUSTRIAL LOGISTICS PROPERT (ILPT) Stock Fundamental Analysis

NASDAQ:ILPT - Nasdaq - US4562371066 - REIT - Currency: USD

4.085  +0.11 (+2.9%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to ILPT. ILPT was compared to 129 industry peers in the Diversified REITs industry. ILPT may be in some trouble as it scores bad on both profitability and health. ILPT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

ILPT had positive earnings in the past year.
In the past year ILPT has reported a negative cash flow from operations.
The reported net income has been mixed in the past 5 years: ILPT reported negative net income in multiple years.
ILPT had a positive operating cash flow in each of the past 5 years.
ILPT Yearly Net Income VS EBIT VS OCF VS FCFILPT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M -200M

1.2 Ratios

Looking at the Return On Assets, with a value of -1.88%, ILPT is doing worse than 77.78% of the companies in the same industry.
The Return On Equity of ILPT (-17.55%) is worse than 86.51% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.02%, ILPT is doing worse than 69.05% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ILPT is in line with the industry average of 3.11%.
Industry RankSector Rank
ROA -1.88%
ROE -17.55%
ROIC 2.02%
ROA(3y)0.11%
ROA(5y)1.35%
ROE(3y)-11.1%
ROE(5y)-3.98%
ROIC(3y)2.9%
ROIC(5y)3.45%
ILPT Yearly ROA, ROE, ROICILPT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10 -20

1.3 Margins

The Operating Margin of ILPT (31.08%) is better than 68.25% of its industry peers.
In the last couple of years the Operating Margin of ILPT has declined.
ILPT has a Gross Margin of 86.41%. This is amongst the best in the industry. ILPT outperforms 87.30% of its industry peers.
ILPT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 31.08%
PM (TTM) N/A
GM 86.41%
OM growth 3Y-11.52%
OM growth 5Y-11.87%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.04%
GM growth 5Y-0.42%
ILPT Yearly Profit, Operating, Gross MarginsILPT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 50 -50

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3

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
Compared to 5 years ago, ILPT has more shares outstanding
The debt/assets ratio for ILPT is higher compared to a year ago.
ILPT Yearly Shares OutstandingILPT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
ILPT Yearly Total Debt VS Total AssetsILPT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.2 Solvency

Based on the Altman-Z score of 0.13, we must say that ILPT is in the distress zone and has some risk of bankruptcy.
ILPT has a Altman-Z score of 0.13. This is in the lower half of the industry: ILPT underperforms 76.19% of its industry peers.
A Debt/Equity ratio of 7.35 is on the high side and indicates that ILPT has dependencies on debt financing.
ILPT has a Debt to Equity ratio of 7.35. This is amonst the worse of the industry: ILPT underperforms 90.48% of its industry peers.
Industry RankSector Rank
Debt/Equity 7.35
Debt/FCF N/A
Altman-Z 0.13
ROIC/WACC0.4
WACC5.07%
ILPT Yearly LT Debt VS Equity VS FCFILPT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 1B 2B 3B 4B

2.3 Liquidity

A Current Ratio of 3.03 indicates that ILPT has no problem at all paying its short term obligations.
ILPT has a better Current ratio (3.03) than 85.71% of its industry peers.
ILPT has a Quick Ratio of 3.03. This indicates that ILPT is financially healthy and has no problem in meeting its short term obligations.
ILPT has a better Quick ratio (3.03) than 85.71% of its industry peers.
Industry RankSector Rank
Current Ratio 3.03
Quick Ratio 3.03
ILPT Yearly Current Assets VS Current LiabilitesILPT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 146.43% over the past year.
Looking at the last year, ILPT shows a small growth in Revenue. The Revenue has grown by 1.38% in the last year.
ILPT shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.90% yearly.
EPS 1Y (TTM)146.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)1.38%
Revenue growth 3Y19.76%
Revenue growth 5Y21.9%
Sales Q2Q%-1.08%

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 2.47% yearly.
EPS Next Y-182.46%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.68%
Revenue Next 2YN/A
Revenue Next 3Y2.47%
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ILPT Yearly Revenue VS EstimatesILPT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2026 100M 200M 300M 400M
ILPT Yearly EPS VS EstimatesILPT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2026 0 1 -1 -2 -3

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3

4. Valuation

4.1 Price/Earnings Ratio

ILPT is valuated cheaply with a Price/Earnings ratio of 7.86.
Compared to the rest of the industry, the Price/Earnings ratio of ILPT indicates a rather cheap valuation: ILPT is cheaper than 96.03% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.28, ILPT is valued rather cheaply.
The Forward Price/Earnings Ratio is negative for ILPT. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 7.86
Fwd PE N/A
ILPT Price Earnings VS Forward Price EarningsILPT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 40 60 80

4.2 Price Multiples

ILPT's Enterprise Value to EBITDA is on the same level as the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 14.37
ILPT Per share dataILPT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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1

5. Dividend

5.1 Amount

ILPT has a Yearly Dividend Yield of 1.08%. Purely for dividend investing, there may be better candidates out there.
With a Dividend Yield of 1.08, ILPT pays less dividend than the industry average, which is at 18.24. 92.86% of the companies listed in the same industry pay a better dividend than ILPT!
Compared to an average S&P500 Dividend Yield of 2.27, ILPT's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.08%

5.2 History

The dividend of ILPT decreases each year by -48.19%.
ILPT has been paying a dividend for over 5 years, so it has already some track record.
The dividend of ILPT decreased recently.
Dividend Growth(5Y)-48.19%
Div Incr Years0
Div Non Decr Years1
ILPT Yearly Dividends per shareILPT Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

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-2.53%
EPS Next 2YN/A
EPS Next 3YN/A
ILPT Yearly Income VS Free CF VS DividendILPT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M -200M

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INDUSTRIAL LOGISTICS PROPERT

NASDAQ:ILPT (1/30/2025, 1:54:25 PM)

4.085

+0.11 (+2.9%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)10-29 2024-10-29/amc
Earnings (Next)02-18 2025-02-18/amc
Inst Owners53.75%
Inst Owner Change0.02%
Ins Owners2%
Ins Owner Change7.72%
Market Cap270.18M
Analysts77.78
Price Target10.2 (149.69%)
Short Float %2.05%
Short Ratio2.99
Dividend
Industry RankSector Rank
Dividend Yield 1.08%
Yearly Dividend0.04
Dividend Growth(5Y)-48.19%
DP-2.53%
Div Incr Years0
Div Non Decr Years1
Ex-Date01-27 2025-01-27 (0.01)
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)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 7.86
Fwd PE N/A
P/S 0.61
P/FCF N/A
P/OCF N/A
P/B 0.46
P/tB 0.72
EV/EBITDA 14.37
EPS(TTM)0.52
EY12.73%
EPS(NY)-1.47
Fwd EYN/A
FCF(TTM)-0.55
FCFYN/A
OCF(TTM)-0.37
OCFYN/A
SpS6.66
BVpS8.86
TBVpS5.7
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.88%
ROE -17.55%
ROCE 2.55%
ROIC 2.02%
ROICexc 2.08%
ROICexgc 2.19%
OM 31.08%
PM (TTM) N/A
GM 86.41%
FCFM N/A
ROA(3y)0.11%
ROA(5y)1.35%
ROE(3y)-11.1%
ROE(5y)-3.98%
ROIC(3y)2.9%
ROIC(5y)3.45%
ROICexc(3y)2.95%
ROICexc(5y)3.5%
ROICexgc(3y)3.11%
ROICexgc(5y)3.7%
ROCE(3y)3.68%
ROCE(5y)4.36%
ROICexcg growth 3Y-28.42%
ROICexcg growth 5Y-16.62%
ROICexc growth 3Y-28.54%
ROICexc growth 5Y-16.71%
OM growth 3Y-11.52%
OM growth 5Y-11.87%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.04%
GM growth 5Y-0.42%
F-Score6
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 7.35
Debt/FCF N/A
Debt/EBITDA 14.02
Cap/Depr 7.03%
Cap/Sales 2.71%
Interest Coverage 0.7
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.03
Quick Ratio 3.03
Altman-Z 0.13
F-Score6
WACC5.07%
ROIC/WACC0.4
Cap/Depr(3y)10.83%
Cap/Depr(5y)14%
Cap/Sales(3y)3.74%
Cap/Sales(5y)4.21%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)146.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y-182.46%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)1.38%
Revenue growth 3Y19.76%
Revenue growth 5Y21.9%
Sales Q2Q%-1.08%
Revenue Next Year0.68%
Revenue Next 2YN/A
Revenue Next 3Y2.47%
Revenue Next 5YN/A
EBIT growth 1Y-12.86%
EBIT growth 3Y5.96%
EBIT growth 5Y7.43%
EBIT Next Year127.17%
EBIT Next 3Y34.35%
EBIT Next 5YN/A
FCF growth 1Y-139.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-123.47%
OCF growth 3Y-62.47%
OCF growth 5Y-42.55%