KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KIM - US49446R1095 - REIT
20.66 USD
+0.04 (+0.19%)
20.895 USD
+0.23 (+1.14%)
Taking everything into account, KIM scores 5 out of 10 in our fundamental rating. KIM was compared to 128 industry peers in the Diversified REITs industry. Both the profitability and the financial health of KIM get a neutral evaluation. Nothing too spectacular is happening here. KIM has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year KIM was profitable.
In the past year KIM had a positive cash flow from operations.
Each year in the past 5 years KIM has been profitable.
In the past 5 years KIM always reported a positive cash flow from operatings.
1.2 Ratios
KIM's Return On Assets of 2.83% is fine compared to the rest of the industry. KIM outperforms 72.66% of its industry peers.
KIM has a Return On Equity of 5.37%. This is in the better half of the industry: KIM outperforms 69.53% of its industry peers.
KIM has a Return On Invested Capital of 2.87%. This is comparable to the rest of the industry: KIM outperforms 53.91% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KIM is in line with the industry average of 3.06%.
The last Return On Invested Capital (2.87%) for KIM is above the 3 year average (2.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 5.37% | ||
| ROIC | 2.87% |
ROA(3y)1.94%
ROA(5y)3.72%
ROE(3y)3.71%
ROE(5y)7.34%
ROIC(3y)2.59%
ROIC(5y)2.41%
1.3 Margins
With an excellent Profit Margin value of 26.52%, KIM belongs to the best of the industry, outperforming 80.47% of the companies in the same industry.
KIM's Profit Margin has declined in the last couple of years.
The Operating Margin of KIM (33.20%) is better than 68.75% of its industry peers.
KIM's Operating Margin has declined in the last couple of years.
The Gross Margin of KIM (69.03%) is comparable to the rest of the industry.
KIM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.2% | ||
| PM (TTM) | 26.52% | ||
| GM | 69.03% |
OM growth 3Y-0.51%
OM growth 5Y-3.5%
PM growth 3Y-32.69%
PM growth 5Y-8.94%
GM growth 3Y-0.33%
GM growth 5Y-0.64%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KIM is destroying value.
The number of shares outstanding for KIM has been increased compared to 1 year ago.
KIM has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, KIM has about the same debt to assets ratio.
2.2 Solvency
KIM has an Altman-Z score of 1.08. This is a bad value and indicates that KIM is not financially healthy and even has some risk of bankruptcy.
With a decent Altman-Z score value of 1.08, KIM is doing good in the industry, outperforming 79.69% of the companies in the same industry.
The Debt to FCF ratio of KIM is 17.47, which is on the high side as it means it would take KIM, 17.47 years of fcf income to pay off all of its debts.
KIM has a Debt to FCF ratio of 17.47. This is amongst the best in the industry. KIM outperforms 81.25% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that KIM is somewhat dependend on debt financing.
The Debt to Equity ratio of KIM (0.78) is better than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.08 |
ROIC/WACC0.44
WACC6.57%
2.3 Liquidity
KIM has a Current Ratio of 1.15. This is a normal value and indicates that KIM is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.15, KIM perfoms like the industry average, outperforming 55.47% of the companies in the same industry.
KIM has a Quick Ratio of 1.15. This is a normal value and indicates that KIM is financially healthy and should not expect problems in meeting its short term obligations.
KIM has a Quick ratio (1.15) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 50.91% over the past 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 8.14%.
KIM shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.94% yearly.
EPS 1Y (TTM)50.91%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%0%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%5.62%
3.2 Future
The Earnings Per Share is expected to grow by 7.34% on average over the next years.
KIM is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.87% yearly.
EPS Next Y34.06%
EPS Next 2Y16.85%
EPS Next 3Y13.62%
EPS Next 5Y7.34%
Revenue Next Year5.12%
Revenue Next 2Y4.15%
Revenue Next 3Y3.84%
Revenue Next 5Y3.87%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
KIM is valuated rather expensively with a Price/Earnings ratio of 24.89.
Based on the Price/Earnings ratio, KIM is valued a bit cheaper than the industry average as 77.34% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.31, KIM is valued at the same level.
KIM is valuated quite expensively with a Price/Forward Earnings ratio of 27.02.
Based on the Price/Forward Earnings ratio, KIM is valued cheaply inside the industry as 80.47% of the companies are valued more expensively.
KIM's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 36.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.89 | ||
| Fwd PE | 27.02 |
4.2 Price Multiples
61.72% of the companies in the same industry are cheaper than KIM, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than the industry average as 70.31% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.72 | ||
| EV/EBITDA | 16.51 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KIM has a very decent profitability rating, which may justify a higher PE ratio.
KIM's earnings are expected to grow with 13.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.73
PEG (5Y)N/A
EPS Next 2Y16.85%
EPS Next 3Y13.62%
5. Dividend
5.1 Amount
KIM has a Yearly Dividend Yield of 5.23%, which is a nice return.
KIM's Dividend Yield is comparable with the industry average which is at 6.59.
Compared to an average S&P500 Dividend Yield of 2.40, KIM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.23% |
5.2 History
The dividend of KIM decreases each year by -3.26%.
KIM has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-3.26%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
KIM pays out 125.96% of its income as dividend. This is not a sustainable payout ratio.
DP125.96%
EPS Next 2Y16.85%
EPS Next 3Y13.62%
20.66
+0.04 (+0.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.72%
Inst Owner Change2.42%
Ins Owners2.18%
Ins Owner Change-0.15%
Market Cap13.99B
Revenue(TTM)2.12B
Net Income(TTM)563.07M
Analysts73.79
Price Target24.81 (20.09%)
Short Float %3.39%
Short Ratio4.99
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.23% |
Yearly Dividend1.06
Dividend Growth(5Y)-3.26%
DP125.96%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)21.11%
Min EPS beat(2)8.27%
Max EPS beat(2)33.95%
EPS beat(4)4
Avg EPS beat(4)17.96%
Min EPS beat(4)3.1%
Max EPS beat(4)33.95%
EPS beat(8)7
Avg EPS beat(8)1.72%
EPS beat(12)9
Avg EPS beat(12)-0.48%
EPS beat(16)10
Avg EPS beat(16)-10.44%
Revenue beat(2)1
Avg Revenue beat(2)-0.14%
Min Revenue beat(2)-1.37%
Max Revenue beat(2)1.1%
Revenue beat(4)3
Avg Revenue beat(4)0.77%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)1.74%
Revenue beat(8)5
Avg Revenue beat(8)0.65%
Revenue beat(12)8
Avg Revenue beat(12)0.72%
Revenue beat(16)12
Avg Revenue beat(16)1.36%
PT rev (1m)-0.76%
PT rev (3m)0.42%
EPS NQ rev (1m)1.41%
EPS NQ rev (3m)2.53%
EPS NY rev (1m)1.13%
EPS NY rev (3m)3.1%
Revenue NQ rev (1m)0.6%
Revenue NQ rev (3m)0.01%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.89 | ||
| Fwd PE | 27.02 | ||
| P/S | 6.59 | ||
| P/FCF | 29.72 | ||
| P/OCF | 12.71 | ||
| P/B | 1.33 | ||
| P/tB | 1.33 | ||
| EV/EBITDA | 16.51 |
EPS(TTM)0.83
EY4.02%
EPS(NY)0.76
Fwd EY3.7%
FCF(TTM)0.7
FCFY3.37%
OCF(TTM)1.63
OCFY7.87%
SpS3.14
BVpS15.48
TBVpS15.48
PEG (NY)0.73
PEG (5Y)N/A
Graham Number17.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.83% | ||
| ROE | 5.37% | ||
| ROCE | 3.63% | ||
| ROIC | 2.87% | ||
| ROICexc | 2.89% | ||
| ROICexgc | 2.93% | ||
| OM | 33.2% | ||
| PM (TTM) | 26.52% | ||
| GM | 69.03% | ||
| FCFM | 22.18% |
ROA(3y)1.94%
ROA(5y)3.72%
ROE(3y)3.71%
ROE(5y)7.34%
ROIC(3y)2.59%
ROIC(5y)2.41%
ROICexc(3y)2.67%
ROICexc(5y)2.47%
ROICexgc(3y)2.72%
ROICexgc(5y)2.5%
ROCE(3y)3.28%
ROCE(5y)3.05%
ROICexgc growth 3Y11.55%
ROICexgc growth 5Y-4.11%
ROICexc growth 3Y10.84%
ROICexc growth 5Y-4.28%
OM growth 3Y-0.51%
OM growth 5Y-3.5%
PM growth 3Y-32.69%
PM growth 5Y-8.94%
GM growth 3Y-0.33%
GM growth 5Y-0.64%
F-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.47 | ||
| Debt/EBITDA | 6.17 | ||
| Cap/Depr | 100.19% | ||
| Cap/Sales | 29.69% | ||
| Interest Coverage | 2.18 | ||
| Cash Conversion | 82.54% | ||
| Profit Quality | 83.62% | ||
| Current Ratio | 1.15 | ||
| Quick Ratio | 1.15 | ||
| Altman-Z | 1.08 |
F-Score6
WACC6.57%
ROIC/WACC0.44
Cap/Depr(3y)94.6%
Cap/Depr(5y)114.14%
Cap/Sales(3y)27.48%
Cap/Sales(5y)32.82%
Profit Quality(3y)199.49%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)50.91%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%0%
EPS Next Y34.06%
EPS Next 2Y16.85%
EPS Next 3Y13.62%
EPS Next 5Y7.34%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%5.62%
Revenue Next Year5.12%
Revenue Next 2Y4.15%
Revenue Next 3Y3.84%
Revenue Next 5Y3.87%
EBIT growth 1Y10.44%
EBIT growth 3Y13.71%
EBIT growth 5Y8.02%
EBIT Next Year110.12%
EBIT Next 3Y30.83%
EBIT Next 5Y21.25%
FCF growth 1Y22.8%
FCF growth 3YN/A
FCF growth 5Y30.79%
OCF growth 1Y6.21%
OCF growth 3Y17.56%
OCF growth 5Y11.5%
KIMCO REALTY CORP / KIM FAQ
What is the ChartMill fundamental rating of KIMCO REALTY CORP (KIM) stock?
ChartMill assigns a fundamental rating of 5 / 10 to KIM.
Can you provide the valuation status for KIMCO REALTY CORP?
ChartMill assigns a valuation rating of 5 / 10 to KIMCO REALTY CORP (KIM). This can be considered as Fairly Valued.
Can you provide the profitability details for KIMCO REALTY CORP?
KIMCO REALTY CORP (KIM) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for KIM stock?
The Price/Earnings (PE) ratio for KIMCO REALTY CORP (KIM) is 24.89 and the Price/Book (PB) ratio is 1.33.
Is the dividend of KIMCO REALTY CORP sustainable?
The dividend rating of KIMCO REALTY CORP (KIM) is 4 / 10 and the dividend payout ratio is 125.96%.