KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
NYSE:KIM - New York Stock Exchange, Inc. - US49446R1095 - REIT - Currency: USD
Overall KIM gets a fundamental rating of 5 out of 10. We evaluated KIM against 129 industry peers in the Diversified REITs industry. KIM has only an average score on both its financial health and profitability. KIM 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 KIM was profitable.
KIM had a positive operating cash flow in the past year.
KIM had positive earnings in each of the past 5 years.
Of the past 5 years KIM 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of KIM (1.86%) is better than 65.08% of its industry peers.
KIM has a better Return On Equity (3.56%) than 62.70% of its industry peers.
KIM has a Return On Invested Capital (2.64%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for KIM is in line with the industry average of 3.11%.
The last Return On Invested Capital (2.64%) for KIM is above the 3 year average (2.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.86% | ||
| ROE | 3.56% | ||
| ROIC | 2.64% |
ROA(3y)1.95%
ROA(5y)3.72%
ROE(3y)3.72%
ROE(5y)7.34%
ROIC(3y)2.59%
ROIC(5y)2.41%
1.3 Margins
The Profit Margin of KIM (18.39%) is better than 74.60% of its industry peers.
KIM's Profit Margin has declined in the last couple of years.
KIM's Operating Margin of 32.28% is fine compared to the rest of the industry. KIM outperforms 69.84% of its industry peers.
KIM's Operating Margin has declined in the last couple of years.
KIM has a Gross Margin of 68.70%. This is comparable to the rest of the industry: KIM outperforms 53.17% of its industry peers.
KIM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.28% | ||
| PM (TTM) | 18.39% | ||
| GM | 68.7% |
OM growth 3Y-0.5%
OM growth 5Y-3.5%
PM growth 3Y-32.49%
PM growth 5Y-8.78%
GM growth 3Y-0.33%
GM growth 5Y-0.64%
2. Health
2.1 Basic Checks
KIM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for KIM has been increased compared to 1 year ago.
The number of shares outstanding for KIM has been increased compared to 5 years ago.
The debt/assets ratio for KIM has been reduced compared to a year ago.
2.2 Solvency
KIM has an Altman-Z score of 1.14. This is a bad value and indicates that KIM is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.14, KIM is in the better half of the industry, outperforming 79.37% of the companies in the same industry.
KIM has a debt to FCF ratio of 13.01. This is a negative value and a sign of low solvency as KIM would need 13.01 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 13.01, KIM belongs to the top of the industry, outperforming 84.13% of the companies in the same industry.
A Debt/Equity ratio of 0.79 indicates that KIM is somewhat dependend on debt financing.
KIM's Debt to Equity ratio of 0.79 is fine compared to the rest of the industry. KIM outperforms 73.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 13.01 | ||
| Altman-Z | 1.14 |
ROIC/WACC0.38
WACC6.97%
2.3 Liquidity
A Current Ratio of 2.40 indicates that KIM has no problem at all paying its short term obligations.
KIM's Current ratio of 2.40 is fine compared to the rest of the industry. KIM outperforms 79.37% of its industry peers.
KIM has a Quick Ratio of 2.40. This indicates that KIM is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of KIM (2.40) is better than 80.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.4 | ||
| Quick Ratio | 2.4 |
3. Growth
3.1 Past
The earnings per share for KIM have decreased strongly by -45.63% in the last year.
KIM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.89% yearly.
KIM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.22%.
Measured over the past years, KIM shows a quite strong growth in Revenue. The Revenue has been growing by 11.94% on average per year.
EPS 1Y (TTM)-45.63%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%4.55%
Revenue 1Y (TTM)14.22%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%16.34%
3.2 Future
The Earnings Per Share is expected to grow by 8.53% on average over the next years. This is quite good.
KIM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.84% yearly.
EPS Next Y24.45%
EPS Next 2Y16.05%
EPS Next 3Y9.6%
EPS Next 5Y8.53%
Revenue Next Year3.34%
Revenue Next 2Y3.69%
Revenue Next 3Y2.93%
Revenue Next 5Y2.84%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
The Price/Earnings ratio is 38.43, which means the current valuation is very expensive for KIM.
KIM's Price/Earnings ratio is in line with the industry average.
KIM's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 29.63.
KIM is valuated quite expensively with a Price/Forward Earnings ratio of 30.88.
KIM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KIM is cheaper than 76.19% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of KIM to the average of the S&P500 Index (22.68), we can say KIM is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.43 | ||
| Fwd PE | 30.88 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KIM is valued a bit more expensive than the industry average as 76.98% of the companies are valued more cheaply.
73.02% of the companies in the same industry are more expensive than KIM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.86 | ||
| EV/EBITDA | 18.08 |
4.3 Compensation for Growth
KIM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
KIM has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.57
PEG (5Y)N/A
EPS Next 2Y16.05%
EPS Next 3Y9.6%
5. Dividend
5.1 Amount
KIM has a Yearly Dividend Yield of 4.46%, which is a nice return.
Compared to an average industry Dividend Yield of 18.48, KIM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.29, KIM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.46% |
5.2 History
The dividend of KIM decreases each year by -3.22%.
KIM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-3.22%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
KIM pays out 191.87% of its income as dividend. This is not a sustainable payout ratio.
DP191.87%
EPS Next 2Y16.05%
EPS Next 3Y9.6%
21.52
-0.1 (-0.46%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners94.48%
Inst Owner Change0.24%
Ins Owners2.16%
Ins Owner Change-0.16%
Market Cap14.62B
Analysts72.31
Price Target26.27 (22.07%)
Short Float %2.32%
Short Ratio3.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.46% |
Yearly Dividend1.06
Dividend Growth(5Y)-3.22%
DP191.87%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.46%
Min EPS beat(2)7.43%
Max EPS beat(2)11.48%
EPS beat(4)3
Avg EPS beat(4)-14.52%
Min EPS beat(4)-116.88%
Max EPS beat(4)39.89%
EPS beat(8)5
Avg EPS beat(8)-9.69%
EPS beat(12)6
Avg EPS beat(12)-19.9%
EPS beat(16)10
Avg EPS beat(16)76.63%
Revenue beat(2)1
Avg Revenue beat(2)-0.62%
Min Revenue beat(2)-1.3%
Max Revenue beat(2)0.06%
Revenue beat(4)2
Avg Revenue beat(4)0.54%
Min Revenue beat(4)-1.3%
Max Revenue beat(4)3.49%
Revenue beat(8)5
Avg Revenue beat(8)0.69%
Revenue beat(12)9
Avg Revenue beat(12)1.56%
Revenue beat(16)13
Avg Revenue beat(16)3.06%
PT rev (1m)-1.56%
PT rev (3m)6.19%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.88%
EPS NY rev (1m)-6.19%
EPS NY rev (3m)-0.72%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)0.3%
Revenue NY rev (1m)-0.28%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.43 | ||
| Fwd PE | 30.88 | ||
| P/S | 7.18 | ||
| P/FCF | 22.86 | ||
| P/OCF | 15.29 | ||
| P/B | 1.39 | ||
| P/tB | 1.39 | ||
| EV/EBITDA | 18.08 |
EPS(TTM)0.56
EY2.6%
EPS(NY)0.7
Fwd EY3.24%
FCF(TTM)0.94
FCFY4.38%
OCF(TTM)1.41
OCFY6.54%
SpS3
BVpS15.49
TBVpS15.49
PEG (NY)1.57
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.86% | ||
| ROE | 3.56% | ||
| ROCE | 3.34% | ||
| ROIC | 2.64% | ||
| ROICexc | 2.75% | ||
| ROICexgc | 2.86% | ||
| OM | 32.28% | ||
| PM (TTM) | 18.39% | ||
| GM | 68.7% | ||
| FCFM | 31.41% |
ROA(3y)1.95%
ROA(5y)3.72%
ROE(3y)3.72%
ROE(5y)7.34%
ROIC(3y)2.59%
ROIC(5y)2.41%
ROICexc(3y)2.67%
ROICexc(5y)2.47%
ROICexgc(3y)2.73%
ROICexgc(5y)2.51%
ROCE(3y)3.27%
ROCE(5y)3.04%
ROICexcg growth 3Y11.9%
ROICexcg growth 5Y-3.92%
ROICexc growth 3Y10.8%
ROICexc growth 5Y-4.3%
OM growth 3Y-0.5%
OM growth 5Y-3.5%
PM growth 3Y-32.49%
PM growth 5Y-8.78%
GM growth 3Y-0.33%
GM growth 5Y-0.64%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 13.01 | ||
| Debt/EBITDA | 6.75 | ||
| Cap/Depr | 55.35% | ||
| Cap/Sales | 15.54% | ||
| Interest Coverage | 2.26 | ||
| Cash Conversion | 77.79% | ||
| Profit Quality | 170.81% | ||
| Current Ratio | 2.4 | ||
| Quick Ratio | 2.4 | ||
| Altman-Z | 1.14 |
F-Score6
WACC6.97%
ROIC/WACC0.38
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
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)-45.63%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%4.55%
EPS Next Y24.45%
EPS Next 2Y16.05%
EPS Next 3Y9.6%
EPS Next 5Y8.53%
Revenue 1Y (TTM)14.22%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%16.34%
Revenue Next Year3.34%
Revenue Next 2Y3.69%
Revenue Next 3Y2.93%
Revenue Next 5Y2.84%
EBIT growth 1Y12.86%
EBIT growth 3Y13.71%
EBIT growth 5Y8.02%
EBIT Next Year105%
EBIT Next 3Y29.14%
EBIT Next 5Y17.89%
FCF growth 1Y66.87%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-7.76%
OCF growth 3YN/A
OCF growth 5YN/A