KIMCO REALTY CORP (KIM) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KIM - US49446R1095 - REIT
20.48 USD
-0.46 (-2.2%)
20.48 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to KIM. KIM was compared to 124 industry peers in the Diversified REITs industry. KIM has only an average score on both its financial health and profitability. KIM has a correct valuation and a medium 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.
- Each year in the past 5 years KIM had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 2.83%, KIM is in the better half of the industry, outperforming 69.35% of the companies in the same industry.
- The Return On Equity of KIM (5.37%) is better than 66.94% of its industry peers.
- The Return On Invested Capital of KIM (2.87%) is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for KIM is in line with the industry average of 3.05%.
- 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
- KIM's Profit Margin of 26.52% is fine compared to the rest of the industry. KIM outperforms 78.23% of its industry peers.
- KIM's Profit Margin has declined in the last couple of years.
- KIM's Operating Margin of 33.20% is fine compared to the rest of the industry. KIM outperforms 68.55% of its industry peers.
- KIM's Operating Margin has declined in the last couple of years.
- KIM has a Gross Margin (69.03%) which 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.
- Compared to 1 year ago, KIM has more shares outstanding
- Compared to 5 years ago, KIM has more shares outstanding
- KIM has about the same debt/assets ratio as last year.
2.2 Solvency
- KIM has an Altman-Z score of 1.10. This is a bad value and indicates that KIM is not financially healthy and even has some risk of bankruptcy.
- KIM's Altman-Z score of 1.10 is amongst the best of the industry. KIM outperforms 80.65% of its industry peers.
- KIM has a debt to FCF ratio of 17.47. This is a negative value and a sign of low solvency as KIM would need 17.47 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 17.47, KIM belongs to the best of the industry, outperforming 82.26% of the companies in the same industry.
- KIM has a Debt/Equity ratio of 0.78. This is a neutral value indicating KIM is somewhat dependend on debt financing.
- The Debt to Equity ratio of KIM (0.78) is better than 75.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 17.47 | ||
| Altman-Z | 1.1 |
ROIC/WACC0.43
WACC6.7%
2.3 Liquidity
- A Current Ratio of 1.15 indicates that KIM should not have too much problems paying its short term obligations.
- The Current ratio of KIM (1.15) is comparable to the rest of the 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 in line with its industry peers.
| 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.
- Measured over the past years, KIM shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.89% on average per year.
- KIM shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.14%.
- 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%0%
Revenue 1Y (TTM)8.14%
Revenue growth 3Y14.29%
Revenue growth 5Y11.94%
Sales Q2Q%5.62%
3.2 Future
- KIM is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.66% yearly.
- The Revenue is expected to grow by 4.79% on average over the next years.
EPS Next Y40.38%
EPS Next 2Y16.6%
EPS Next 3Y13.47%
EPS Next 5Y8.66%
Revenue Next Year5.56%
Revenue Next 2Y4.38%
Revenue Next 3Y3.99%
Revenue Next 5Y4.79%
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
- With a Price/Earnings ratio of 24.67, KIM is valued on the expensive side.
- Based on the Price/Earnings ratio, KIM is valued a bit cheaper than the industry average as 74.19% of the companies are valued more expensively.
- KIM's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.82.
- A Price/Forward Earnings ratio of 26.90 indicates a quite expensive valuation of KIM.
- KIM's Price/Forward Earnings ratio is rather cheap when compared to the industry. KIM is cheaper than 81.45% of the companies in the same industry.
- KIM is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.67 | ||
| Fwd PE | 26.9 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, KIM is valued a bit more expensive than the industry average as 62.90% of the companies are valued more cheaply.
- Based on the Price/Free Cash Flow ratio, KIM is valued a bit cheaper than the industry average as 73.39% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.46 | ||
| EV/EBITDA | 16.68 |
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.
- The decent profitability rating of KIM may justify a higher PE ratio.
- A more expensive valuation may be justified as KIM's earnings are expected to grow with 13.47% in the coming years.
PEG (NY)0.61
PEG (5Y)N/A
EPS Next 2Y16.6%
EPS Next 3Y13.47%
5. Dividend
5.1 Amount
- KIM has a Yearly Dividend Yield of 5.01%, which is a nice return.
- KIM's Dividend Yield is comparable with the industry average which is at 6.82.
- KIM's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.01% |
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 2Y16.6%
EPS Next 3Y13.47%
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.
What is the valuation status for KIM stock?
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 24.67 and the Price/Book (PB) ratio is 1.32.
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%.