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INDUS REALTY TRUST INC (INDT) Stock Fundamental Analysis

NASDAQ:INDT - Nasdaq - US45580R1032 - REIT - Currency: USD

66.99  +0.01 (+0.01%)

After market: 66.99 0 (0%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to INDT. INDT was compared to 130 industry peers in the Diversified REITs industry. Both the profitability and financial health of INDT have multiple concerns. INDT has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year INDT has reported negative net income.
In the past year INDT had a positive cash flow from operations.
INDT had positive earnings in 4 of the past 5 years.
Each year in the past 5 years INDT had a positive operating cash flow.
INDT Yearly Net Income VS EBIT VS OCF VS FCFINDT 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 0 -50M -100M -150M

1.2 Ratios

With a Return On Assets value of 0.01%, INDT is not doing good in the industry: 62.22% of the companies in the same industry are doing better.
The Return On Equity of INDT (0.02%) is worse than 62.22% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.22%, INDT is doing worse than 87.41% of the companies in the same industry.
INDT had an Average Return On Invested Capital over the past 3 years of 0.52%. This is below the industry average of 3.20%.
Industry RankSector Rank
ROA 0.01%
ROE 0.02%
ROIC 0.22%
ROA(3y)1.36%
ROA(5y)N/A
ROE(3y)2.4%
ROE(5y)N/A
ROIC(3y)0.52%
ROIC(5y)1.42%
INDT Yearly ROA, ROE, ROICINDT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 2 4

1.3 Margins

Looking at the Profit Margin, with a value of 0.12%, INDT is doing worse than 62.22% of the companies in the same industry.
INDT's Profit Margin has improved in the last couple of years.
INDT has a worse Operating Margin (3.04%) than 87.41% of its industry peers.
INDT's Operating Margin has declined in the last couple of years.
The Gross Margin of INDT (77.84%) is better than 76.30% of its industry peers.
In the last couple of years the Gross Margin of INDT has grown nicely.
Industry RankSector Rank
OM 3.04%
PM (TTM) 0.12%
GM 77.84%
OM growth 3Y-19.37%
OM growth 5Y-12.26%
PM growth 3Y14.24%
PM growth 5Y3.31%
GM growth 3Y2.12%
GM growth 5Y1.71%
INDT Yearly Profit, Operating, Gross MarginsINDT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 20 40 60

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3

2. Health

2.1 Basic Checks

INDT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
INDT has about the same amout of shares outstanding than it did 1 year ago.
INDT has a better debt/assets ratio than last year.
INDT Yearly Shares OutstandingINDT Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2M 4M 6M 8M 10M
INDT Yearly Total Debt VS Total AssetsINDT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 100M 200M 300M 400M 500M

2.2 Solvency

An Altman-Z score of 2.06 indicates that INDT is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.06, INDT belongs to the top of the industry, outperforming 95.56% of the companies in the same industry.
INDT has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of INDT (0.43) is better than 94.07% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF N/A
Altman-Z 2.06
ROIC/WACC0.03
WACC7.47%
INDT Yearly LT Debt VS Equity VS FCFINDT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 100M -100M 200M 300M

2.3 Liquidity

INDT has a Current Ratio of 0.97. This is a bad value and indicates that INDT is not financially healthy enough and could expect problems in meeting its short term obligations.
INDT has a worse Current ratio (0.97) than 62.22% of its industry peers.
A Quick Ratio of 0.97 indicates that INDT may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.97, INDT is in line with its industry, outperforming 40.74% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.97
Quick Ratio 0.97
INDT Yearly Current Assets VS Current LiabilitesINDT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M

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2

3. Growth

3.1 Past

The earnings per share for INDT have decreased strongly by -101.35% in the last year.
Measured over the past years, INDT shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.50% on average per year.
INDT shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.39%.
INDT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.31% yearly.
EPS 1Y (TTM)-101.35%
EPS 3Y-6.42%
EPS 5Y-8.5%
EPS Q2Q%-3984.24%
Revenue 1Y (TTM)21.39%
Revenue growth 3Y3.75%
Revenue growth 5Y2.31%
Sales Q2Q%17.81%

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.
INDT Yearly Revenue VS EstimatesINDT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M
INDT Yearly EPS VS EstimatesINDT Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 -0.2 -0.4 -0.6

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0

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for INDT. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
INDT Price Earnings VS Forward Price EarningsINDT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

INDT's Enterprise Value to EBITDA ratio is rather expensive when compared to the industry. INDT is more expensive than 93.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 39.65
INDT Per share dataINDT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30

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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2

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.07%, INDT has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 28.61, INDT's dividend is way lower than its industry peers. On top of this 89.63% of the companies listed in the same industry pay a better dividend than INDT!
Compared to an average S&P500 Dividend Yield of 2.52, INDT's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 1.07%

5.2 History

On average, the dividend of INDT grows each year by 10.08%, which is quite nice.
INDT has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)10.08%
Div Incr Years0
Div Non Decr Years0
INDT Yearly Dividends per shareINDT Yearly Dividends per shareYearly Dividends per share 2018 2019 2021 2022 2023 0.5 1 1.5 2

5.3 Sustainability

10510.94% of the earnings are spent on dividend by INDT. This is not a sustainable payout ratio.
The Dividend Rate of INDT has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP10510.94%
EPS Next 2YN/A
EPS Next 3YN/A
INDT Yearly Income VS Free CF VS DividendINDT Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 0 -50M -100M -150M
INDT Dividend Payout.INDT Dividend Payout, showing the Payout Ratio.INDT Dividend Payout.PayoutRetained Earnings

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INDUS REALTY TRUST INC

NASDAQ:INDT (6/28/2023, 8:01:38 PM)

After market: 66.99 0 (0%)

66.99

+0.01 (+0.01%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)04-24 2023-04-24/bmo
Earnings (Next)08-07 2023-08-07/bmo
Inst Owners0.01%
Inst Owner Change0%
Ins Owners0.92%
Ins Owner Change0%
Market Cap683.16M
Analysts76.36
Price Target70.13 (4.69%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.07%
Yearly Dividend0.64
Dividend Growth(5Y)10.08%
DP10510.94%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0.73%
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 RankSector Rank
PE N/A
Fwd PE N/A
P/S 13.33
P/FCF N/A
P/OCF 36.55
P/B 1.76
P/tB 1.79
EV/EBITDA 39.65
EPS(TTM)-0.02
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-10.11
FCFYN/A
OCF(TTM)1.83
OCFY2.74%
SpS5.03
BVpS38.01
TBVpS37.47
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.01%
ROE 0.02%
ROCE N/A
ROIC 0.22%
ROICexc 0.23%
ROICexgc 0.24%
OM 3.04%
PM (TTM) 0.12%
GM 77.84%
FCFM N/A
ROA(3y)1.36%
ROA(5y)N/A
ROE(3y)2.4%
ROE(5y)N/A
ROIC(3y)0.52%
ROIC(5y)1.42%
ROICexc(3y)0.61%
ROICexc(5y)1.51%
ROICexgc(3y)0.65%
ROICexgc(5y)1.58%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-34.25%
ROICexcg growth 5Y-25.53%
ROICexc growth 3Y-35.05%
ROICexc growth 5Y-25.93%
OM growth 3Y-19.37%
OM growth 5Y-12.26%
PM growth 3Y14.24%
PM growth 5Y3.31%
GM growth 3Y2.12%
GM growth 5Y1.71%
F-Score6
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF N/A
Debt/EBITDA 8.04
Cap/Depr 630.29%
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.97
Quick Ratio 0.97
Altman-Z 2.06
F-Score6
WACC7.47%
ROIC/WACC0.03
Cap/Depr(3y)649.02%
Cap/Depr(5y)506.62%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-101.35%
EPS 3Y-6.42%
EPS 5Y-8.5%
EPS Q2Q%-3984.24%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)21.39%
Revenue growth 3Y3.75%
Revenue growth 5Y2.31%
Sales Q2Q%17.81%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-66.8%
EBIT growth 3Y-16.34%
EBIT growth 5Y-10.23%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2002.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y61.56%
OCF growth 3Y18.95%
OCF growth 5Y15.13%