KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
USA - NYSE:KIM - US49446R1095 - REIT
22.34 USD
-0.05 (-0.22%)
22.34 USD
0 (0%)
KIM gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. KIM has an average financial health and profitability rating. KIM is not valued too expensively and it also shows 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.
Each year in the past 5 years KIM has been profitable.
Each year in the past 5 years KIM had a positive operating cash flow.
1.2 Ratios
The Return On Assets of KIM (2.82%) is better than 72.31% of its industry peers.
KIM has a better Return On Equity (5.31%) than 67.69% of its industry peers.
KIM has a Return On Invested Capital (2.82%) 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 3.05%.
The last Return On Invested Capital (2.82%) for KIM is above the 3 year average (2.59%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 5.31% | ||
| ROIC | 2.82% |
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
KIM's Profit Margin of 26.69% is amongst the best of the industry. KIM outperforms 81.54% of its industry peers.
KIM's Profit Margin has declined in the last couple of years.
The Operating Margin of KIM (33.04%) is better than 69.23% of its industry peers.
KIM's Operating Margin has declined in the last couple of years.
KIM's Gross Margin of 68.89% is in line compared to the rest of the industry. KIM outperforms 56.92% of its industry peers.
In the last couple of years the Gross Margin of KIM has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.04% | ||
| PM (TTM) | 26.69% | ||
| GM | 68.89% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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
The debt/assets ratio for KIM has remained at the same level compared to a year ago.
2.2 Solvency
KIM has an Altman-Z score of 1.18. This is a bad value and indicates that KIM is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of KIM (1.18) is better than 81.54% of its industry peers.
KIM has a debt to FCF ratio of 17.31. This is a negative value and a sign of low solvency as KIM would need 17.31 years to pay back of all of its debts.
KIM has a better Debt to FCF ratio (17.31) than 80.77% of its industry peers.
A Debt/Equity ratio of 0.78 indicates that KIM is somewhat dependend on debt financing.
KIM's Debt to Equity ratio of 0.78 is fine compared to the rest of the industry. KIM outperforms 72.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.31 | ||
| Altman-Z | 1.18 |
ROIC/WACC0.42
WACC6.7%
2.3 Liquidity
A Current Ratio of 1.47 indicates that KIM should not have too much problems paying its short term obligations.
KIM's Current ratio of 1.47 is fine compared to the rest of the industry. KIM outperforms 63.85% of its industry peers.
KIM has a Quick Ratio of 1.47. This is a normal value and indicates that KIM is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.47, KIM is in the better half of the industry, outperforming 64.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 |
3. Growth
3.1 Past
KIM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 50.91%, which is quite impressive.
KIM shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.89% yearly.
The Revenue has grown by 10.16% in the past year. This is quite good.
The Revenue has been growing by 11.94% on average over the past years. This is quite good.
EPS 1Y (TTM)50.91%
EPS 3Y-29.53%
EPS 5Y-6.89%
EPS Q2Q%35.29%
Revenue 1Y (TTM)10.16%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%4.98%
3.2 Future
Based on estimates for the next years, KIM will show a small growth in Earnings Per Share. The EPS will grow by 7.34% on average per year.
The Revenue is expected to grow by 3.87% on average over the next years.
EPS Next Y30.04%
EPS Next 2Y16.3%
EPS Next 3Y13.06%
EPS Next 5Y7.34%
Revenue Next Year4.92%
Revenue Next 2Y4.1%
Revenue Next 3Y2.96%
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
Based on the Price/Earnings ratio of 26.92, the valuation of KIM can be described as expensive.
Based on the Price/Earnings ratio, KIM is valued a bit cheaper than 69.23% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.27, KIM is valued at the same level.
Based on the Price/Forward Earnings ratio of 29.49, the valuation of KIM can be described as expensive.
Based on the Price/Forward Earnings ratio, KIM is valued a bit cheaper than 79.23% of the companies in the same industry.
KIM is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.92 | ||
| Fwd PE | 29.49 |
4.2 Price Multiples
75.38% of the companies in the same industry are cheaper than KIM, based on the Enterprise Value to EBITDA ratio.
KIM's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KIM is cheaper than 69.23% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.09 | ||
| EV/EBITDA | 17.64 |
4.3 Compensation for Growth
KIM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of KIM may justify a higher PE ratio.
KIM's earnings are expected to grow with 13.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.9
PEG (5Y)N/A
EPS Next 2Y16.3%
EPS Next 3Y13.06%
5. Dividend
5.1 Amount
KIM has a Yearly Dividend Yield of 5.80%, which is a nice return.
KIM's Dividend Yield is comparable with the industry average which is at 6.66.
Compared to an average S&P500 Dividend Yield of 2.38, KIM pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
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
125.58% of the earnings are spent on dividend by KIM. This is not a sustainable payout ratio.
DP125.58%
EPS Next 2Y16.3%
EPS Next 3Y13.06%
22.34
-0.05 (-0.22%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners97.2%
Inst Owner Change-0.1%
Ins Owners2.18%
Ins Owner Change0.65%
Market Cap15.13B
Analysts72.14
Price Target25 (11.91%)
Short Float %2.69%
Short Ratio4.21
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.8% |
Yearly Dividend1.06
Dividend Growth(5Y)-3.26%
DP125.58%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.53%
Min EPS beat(2)3.1%
Max EPS beat(2)33.95%
EPS beat(4)4
Avg EPS beat(4)18.76%
Min EPS beat(4)3.1%
Max EPS beat(4)33.95%
EPS beat(8)7
Avg EPS beat(8)2.88%
EPS beat(12)8
Avg EPS beat(12)-5.47%
EPS beat(16)10
Avg EPS beat(16)38%
Revenue beat(2)1
Avg Revenue beat(2)0.18%
Min Revenue beat(2)-1.37%
Max Revenue beat(2)1.74%
Revenue beat(4)3
Avg Revenue beat(4)0.51%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)1.74%
Revenue beat(8)5
Avg Revenue beat(8)0.67%
Revenue beat(12)8
Avg Revenue beat(12)0.84%
Revenue beat(16)12
Avg Revenue beat(16)2.36%
PT rev (1m)1.41%
PT rev (3m)1.96%
EPS NQ rev (1m)0%
EPS NQ rev (3m)4.6%
EPS NY rev (1m)5.17%
EPS NY rev (3m)3.44%
Revenue NQ rev (1m)-0.32%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)-0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.92 | ||
| Fwd PE | 29.49 | ||
| P/S | 7.22 | ||
| P/FCF | 32.09 | ||
| P/OCF | 14.21 | ||
| P/B | 1.44 | ||
| P/tB | 1.44 | ||
| EV/EBITDA | 17.64 |
EPS(TTM)0.83
EY3.72%
EPS(NY)0.76
Fwd EY3.39%
FCF(TTM)0.7
FCFY3.12%
OCF(TTM)1.57
OCFY7.04%
SpS3.09
BVpS15.54
TBVpS15.54
PEG (NY)0.9
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.82% | ||
| ROE | 5.31% | ||
| ROCE | 3.57% | ||
| ROIC | 2.82% | ||
| ROICexc | 2.85% | ||
| ROICexgc | 2.9% | ||
| OM | 33.04% | ||
| PM (TTM) | 26.69% | ||
| GM | 68.89% | ||
| FCFM | 22.5% |
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%
ROICexcg growth 3Y11.55%
ROICexcg 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-Score7
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.31 | ||
| Debt/EBITDA | 6.24 | ||
| Cap/Depr | 96.37% | ||
| Cap/Sales | 28.32% | ||
| Interest Coverage | 2.18 | ||
| Cash Conversion | 81.42% | ||
| Profit Quality | 84.31% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.47 | ||
| Altman-Z | 1.18 |
F-Score7
WACC6.7%
ROIC/WACC0.42
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%35.29%
EPS Next Y30.04%
EPS Next 2Y16.3%
EPS Next 3Y13.06%
EPS Next 5Y7.34%
Revenue 1Y (TTM)10.16%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%4.98%
Revenue Next Year4.92%
Revenue Next 2Y4.1%
Revenue Next 3Y2.96%
Revenue Next 5Y3.87%
EBIT growth 1Y12.77%
EBIT growth 3Y13.71%
EBIT growth 5Y8.02%
EBIT Next Year108.55%
EBIT Next 3Y29.14%
EBIT Next 5Y21.25%
FCF growth 1Y10.68%
FCF growth 3YN/A
FCF growth 5Y30.79%
OCF growth 1Y4.48%
OCF growth 3Y17.56%
OCF growth 5Y11.5%