INVENTRUST PROPERTIES CORP (IVT)
US46124J2015 - REIT
IVT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. Both the profitability and the financial health of IVT get a neutral evaluation. Nothing too spectacular is happening here. IVT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year IVT was profitable.
IVT had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: IVT reported negative net income in multiple years.
Each year in the past 5 years IVT had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.26%, IVT is in line with its industry, outperforming 44.88% of the companies in the same industry.
IVT's Return On Equity of 0.38% is in line compared to the rest of the industry. IVT outperforms 44.09% of its industry peers.
IVT has a worse Return On Invested Capital (1.35%) than 83.46% of its industry peers.
IVT had an Average Return On Invested Capital over the past 3 years of 0.81%. This is below the industry average of 3.08%.
The last Return On Invested Capital (1.35%) for IVT is above the 3 year average (0.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.26% | ||
| ROE | 0.38% | ||
| ROIC | 1.35% |
ROA(3y)0.69%
ROA(5y)0.64%
ROE(3y)1.08%
ROE(5y)0.95%
ROIC(3y)0.81%
ROIC(5y)0.78%
1.3 Margins
IVT's Profit Margin of 2.52% is in line compared to the rest of the industry. IVT outperforms 46.46% of its industry peers.
In the last couple of years the Profit Margin of IVT has declined.
The Operating Margin of IVT (16.31%) is worse than 64.57% of its industry peers.
IVT's Operating Margin has declined in the last couple of years.
IVT has a better Gross Margin (71.03%) than 61.42% of its industry peers.
In the last couple of years the Gross Margin of IVT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.31% | ||
| PM (TTM) | 2.52% | ||
| GM | 71.03% |
OM growth 3Y14.8%
OM growth 5Y-1.81%
PM growth 3YN/A
PM growth 5Y-43.22%
GM growth 3Y-0.16%
GM growth 5Y-0.32%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IVT is destroying value.
Compared to 1 year ago, IVT has more shares outstanding
Compared to 5 years ago, IVT has less shares outstanding
The debt/assets ratio for IVT is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of -0.24, we must say that IVT is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -0.24, IVT is doing worse than 86.61% of the companies in the same industry.
IVT has a debt to FCF ratio of 56.79. This is a negative value and a sign of low solvency as IVT would need 56.79 years to pay back of all of its debts.
IVT has a Debt to FCF ratio (56.79) which is comparable to the rest of the industry.
IVT has a Debt/Equity ratio of 0.42. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of IVT (0.42) is better than 92.91% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 56.79 | ||
| Altman-Z | -0.24 |
ROIC/WACC0.18
WACC7.62%
2.3 Liquidity
IVT has a Current Ratio of 3.59. This indicates that IVT is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of IVT (3.59) is better than 89.76% of its industry peers.
IVT has a Quick Ratio of 3.59. This indicates that IVT is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of IVT (3.59) is better than 89.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.59 | ||
| Quick Ratio | 3.59 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 125.00% over the past year.
IVT shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -41.14% yearly.
The Revenue has been growing slightly by 5.59% in the past year.
Measured over the past years, IVT shows a small growth in Revenue. The Revenue has been growing by 1.28% on average per year.
EPS 1Y (TTM)125%
EPS 3YN/A
EPS 5Y-41.14%
EPS Q2Q%0%
Revenue 1Y (TTM)5.59%
Revenue growth 3Y9.36%
Revenue growth 5Y1.28%
Sales Q2Q%6.96%
3.2 Future
The Earnings Per Share is expected to grow by 59.27% on average over the next years. This is a very strong growth
IVT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.68% yearly.
EPS Next Y38.87%
EPS Next 2Y96.23%
EPS Next 3Y59.27%
EPS Next 5YN/A
Revenue Next Year5.29%
Revenue Next 2Y8.77%
Revenue Next 3Y6.68%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 342.22, IVT can be considered very expensive at the moment.
IVT's Price/Earnings ratio is a bit more expensive when compared to the industry. IVT is more expensive than 65.35% of the companies in the same industry.
IVT is valuated expensively when we compare the Price/Earnings ratio to 28.65, which is the current average of the S&P500 Index.
IVT is valuated quite expensively with a Price/Forward Earnings ratio of 99.98.
IVT's Price/Forward Earnings is on the same level as the industry average.
IVT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.56.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 342.22 | ||
| Fwd PE | 99.98 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IVT is valued a bit more expensive than the industry average as 76.38% of the companies are valued more cheaply.
The rest of the industry has a similar Price/Free Cash Flow ratio as IVT.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 182.28 | ||
| EV/EBITDA | 18.57 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IVT does not grow enough to justify the current Price/Earnings ratio.
IVT's earnings are expected to grow with 59.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)8.8
PEG (5Y)N/A
EPS Next 2Y96.23%
EPS Next 3Y59.27%
5. Dividend
5.1 Amount
IVT has a Yearly Dividend Yield of 3.00%.
IVT's Dividend Yield is slightly below the industry average, which is at 6.55.
Compared to an average S&P500 Dividend Yield of 2.23, IVT pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
5.2 History
The dividend of IVT has a limited annual growth rate of 3.37%.
IVT has been paying a dividend for at least 10 years, so it has a reliable track record.
IVT has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)3.37%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
887.76% of the earnings are spent on dividend by IVT. This is not a sustainable payout ratio.
IVT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP887.76%
EPS Next 2Y96.23%
EPS Next 3Y59.27%
INVENTRUST PROPERTIES CORP
NYSE:IVT (11/20/2024, 8:04:00 PM)
After market: 30.8 0 (0%)30.8
-0.08 (-0.26%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.38B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 342.22 | ||
| Fwd PE | 99.98 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)8.8
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.26% | ||
| ROE | 0.38% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 16.31% | ||
| PM (TTM) | 2.52% | ||
| GM | 71.03% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.59 | ||
| Quick Ratio | 3.59 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)125%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y38.87%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)5.59%
Revenue growth 3Y9.36%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y