KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
NYSE:KIM - New York Stock Exchange, Inc. - US49446R1095 - REIT
KIM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. While KIM belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. KIM is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year KIM was profitable.
KIM had a positive operating cash flow in the past year.
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
With an excellent Return On Assets value of 3.42%, KIM belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
With an excellent Return On Equity value of 6.57%, KIM belongs to the best of the industry, outperforming 80.95% of the companies in the same industry.
KIM has a Return On Invested Capital (2.57%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for KIM is in line with the industry average of 3.11%.
The 3 year average ROIC (2.37%) for KIM is below the current ROIC(2.57%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.42% | ||
| ROE | 6.57% | ||
| ROIC | 2.57% |
ROA(3y)2.8%
ROA(5y)3.97%
ROE(3y)5.28%
ROE(5y)8.02%
ROIC(3y)2.37%
ROIC(5y)2.55%
1.3 Margins
The Profit Margin of KIM (35.09%) is better than 86.51% of its industry peers.
KIM's Profit Margin has been stable in the last couple of years.
KIM has a Operating Margin of 32.67%. This is in the better half of the industry: KIM outperforms 69.84% of its industry peers.
In the last couple of years the Operating Margin of KIM has declined.
With a Gross Margin value of 68.78%, KIM perfoms like the industry average, outperforming 53.17% of the companies in the same industry.
KIM's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 32.67% | ||
| PM (TTM) | 35.09% | ||
| GM | 68.78% |
OM growth 3Y1.27%
OM growth 5Y-2.5%
PM growth 3Y-27.4%
PM growth 5Y-0.98%
GM growth 3Y0.59%
GM growth 5Y-0.85%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KIM is destroying value.
KIM has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, KIM has more shares outstanding
KIM has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.28, we must say that KIM is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.28, KIM belongs to the top of the industry, outperforming 81.75% of the companies in the same industry.
The Debt to FCF ratio of KIM is 14.37, which is on the high side as it means it would take KIM, 14.37 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of KIM (14.37) is better than 81.75% of its industry peers.
A Debt/Equity ratio of 0.80 indicates that KIM is somewhat dependend on debt financing.
With a decent Debt to Equity ratio value of 0.80, KIM is doing good in the industry, outperforming 72.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 14.37 | ||
| Altman-Z | 1.28 |
ROIC/WACC0.36
WACC7.1%
2.3 Liquidity
A Current Ratio of 3.29 indicates that KIM has no problem at all paying its short term obligations.
KIM has a Current ratio of 3.29. This is amongst the best in the industry. KIM outperforms 88.10% of its industry peers.
A Quick Ratio of 3.29 indicates that KIM has no problem at all paying its short term obligations.
KIM has a better Quick ratio (3.29) than 88.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.29 | ||
| Quick Ratio | 3.29 |
3. Growth
3.1 Past
KIM shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -23.61%.
The Earnings Per Share has been growing slightly by 0.20% on average over the past years.
The Revenue has been growing slightly by 3.22% in the past year.
The Revenue has been growing by 8.89% on average over the past years. This is quite good.
EPS 1Y (TTM)-23.61%
EPS 3Y-23.04%
EPS 5Y0.2%
EPS Q2Q%0%
Revenue 1Y (TTM)3.22%
Revenue growth 3Y19.01%
Revenue growth 5Y8.89%
Sales Q2Q%12.73%
3.2 Future
The Earnings Per Share is expected to decrease by -4.86% on average over the next years.
The Revenue is expected to grow by 4.97% on average over the next years.
EPS Next Y-49.5%
EPS Next 2Y-15.07%
EPS Next 3Y-9%
EPS Next 5Y-4.86%
Revenue Next Year13.69%
Revenue Next 2Y8.55%
Revenue Next 3Y6.99%
Revenue Next 5Y4.97%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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
A Price/Earnings ratio of 40.91 indicates a quite expensive valuation of KIM.
KIM's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.29. KIM is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 30.29, the valuation of KIM can be described as expensive.
Based on the Price/Forward Earnings ratio, KIM is valued a bit cheaper than 76.98% of the companies in the same industry.
KIM's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.91 | ||
| Fwd PE | 30.29 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KIM indicates a rather expensive valuation: KIM more expensive than 83.33% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than 67.46% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.62 | ||
| EV/EBITDA | 20.19 |
4.3 Compensation for Growth
KIM has a very decent profitability rating, which may justify a higher PE ratio.
KIM's earnings are expected to decrease with -9.00% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)209.45
EPS Next 2Y-15.07%
EPS Next 3Y-9%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.49%, KIM is a good candidate for dividend investing.
KIM's Dividend Yield is comparable with the industry average which is at 18.51.
KIM's Dividend Yield is rather good when compared to the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
5.2 History
The dividend of KIM decreases each year by -15.17%.
KIM has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-15.17%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
105.05% of the earnings are spent on dividend by KIM. This is not a sustainable payout ratio.
KIM's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP105.05%
EPS Next 2Y-15.07%
EPS Next 3Y-9%
KIMCO REALTY CORP
NYSE:KIM (1/21/2025, 8:10:41 PM)
After market: 22.31 -0.19 (-0.84%)22.5
+0.21 (+0.94%)
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 Change0.03%
Ins Owners2.16%
Ins Owner Change-0.66%
Market Cap15.17B
Analysts73.33
Price Target26.68 (18.58%)
Short Float %2.38%
Short Ratio3.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.49% |
Yearly Dividend1.06
Dividend Growth(5Y)-15.17%
DP105.05%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)28.73%
Min EPS beat(2)17.57%
Max EPS beat(2)39.89%
EPS beat(4)3
Avg EPS beat(4)43.66%
Min EPS beat(4)-7.72%
Max EPS beat(4)124.91%
EPS beat(8)4
Avg EPS beat(8)-15.35%
EPS beat(12)7
Avg EPS beat(12)80.79%
EPS beat(16)10
Avg EPS beat(16)208.38%
Revenue beat(2)1
Avg Revenue beat(2)0.58%
Min Revenue beat(2)-0.07%
Max Revenue beat(2)1.23%
Revenue beat(4)2
Avg Revenue beat(4)0.4%
Min Revenue beat(4)-0.07%
Max Revenue beat(4)1.23%
Revenue beat(8)6
Avg Revenue beat(8)1.13%
Revenue beat(12)10
Avg Revenue beat(12)3.77%
Revenue beat(16)13
Avg Revenue beat(16)2.75%
PT rev (1m)1.84%
PT rev (3m)7.87%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)7.93%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.91 | ||
| Fwd PE | 30.29 | ||
| P/S | 8.5 | ||
| P/FCF | 28.62 | ||
| P/OCF | 14.15 | ||
| P/B | 1.59 | ||
| P/tB | 1.59 | ||
| EV/EBITDA | 20.19 |
EPS(TTM)0.55
EY2.44%
EPS(NY)0.74
Fwd EY3.3%
FCF(TTM)0.79
FCFY3.49%
OCF(TTM)1.59
OCFY7.07%
SpS2.65
BVpS14.13
TBVpS14.13
PEG (NY)N/A
PEG (5Y)209.45
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.42% | ||
| ROE | 6.57% | ||
| ROCE | 3.25% | ||
| ROIC | 2.57% | ||
| ROICexc | 2.68% | ||
| ROICexgc | 2.75% | ||
| OM | 32.67% | ||
| PM (TTM) | 35.09% | ||
| GM | 68.78% | ||
| FCFM | 29.71% |
ROA(3y)2.8%
ROA(5y)3.97%
ROE(3y)5.28%
ROE(5y)8.02%
ROIC(3y)2.37%
ROIC(5y)2.55%
ROICexc(3y)2.43%
ROICexc(5y)2.6%
ROICexgc(3y)2.47%
ROICexgc(5y)2.64%
ROCE(3y)3%
ROCE(5y)3.23%
ROICexcg growth 3Y5.1%
ROICexcg growth 5Y-3.65%
ROICexc growth 3Y4.15%
ROICexc growth 5Y-3.67%
OM growth 3Y1.27%
OM growth 5Y-2.5%
PM growth 3Y-27.4%
PM growth 5Y-0.98%
GM growth 3Y0.59%
GM growth 5Y-0.85%
F-Score6
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.8 | ||
| Debt/FCF | 14.37 | ||
| Debt/EBITDA | 6.99 | ||
| Cap/Depr | 106.79% | ||
| Cap/Sales | 30.37% | ||
| Interest Coverage | 2.33 | ||
| Cash Conversion | 98.33% | ||
| Profit Quality | 84.67% | ||
| Current Ratio | 3.29 | ||
| Quick Ratio | 3.29 | ||
| Altman-Z | 1.28 |
F-Score6
WACC7.1%
ROIC/WACC0.36
Cap/Depr(3y)134.31%
Cap/Depr(5y)130.39%
Cap/Sales(3y)38.81%
Cap/Sales(5y)35.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-23.61%
EPS 3Y-23.04%
EPS 5Y0.2%
EPS Q2Q%0%
EPS Next Y-49.5%
EPS Next 2Y-15.07%
EPS Next 3Y-9%
EPS Next 5Y-4.86%
Revenue 1Y (TTM)3.22%
Revenue growth 3Y19.01%
Revenue growth 5Y8.89%
Sales Q2Q%12.73%
Revenue Next Year13.69%
Revenue Next 2Y8.55%
Revenue Next 3Y6.99%
Revenue Next 5Y4.97%
EBIT growth 1Y1.82%
EBIT growth 3Y20.52%
EBIT growth 5Y6.17%
EBIT Next Year111%
EBIT Next 3Y31.71%
EBIT Next 5Y18.88%
FCF growth 1Y44.55%
FCF growth 3Y16.68%
FCF growth 5Y39.31%
OCF growth 1Y24.45%
OCF growth 3Y22.02%
OCF growth 5Y10.93%