KILROY REALTY CORP (KRC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KRC - US49427F1084 - REIT
38.02 USD
+0.65 (+1.74%)
38.02 USD
0 (0%)
Overall KRC gets a fundamental rating of 4 out of 10. We evaluated KRC against 127 industry peers in the Diversified REITs industry. While KRC has a great profitability rating, there are some minor concerns on its financial health. KRC is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year KRC was profitable.
KRC had a positive operating cash flow in the past year.
In the past 5 years KRC has always been profitable.
KRC had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of KRC (2.93%) is better than 69.29% of its industry peers.
Looking at the Return On Equity, with a value of 5.89%, KRC is in the better half of the industry, outperforming 70.87% of the companies in the same industry.
KRC has a Return On Invested Capital (2.53%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for KRC is in line with the industry average of 3.06%.
The 3 year average ROIC (2.48%) for KRC is below the current ROIC(2.53%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.93% | ||
| ROE | 5.89% | ||
| ROIC | 2.53% |
ROA(3y)1.97%
ROA(5y)2.74%
ROE(3y)4.01%
ROE(5y)5.44%
ROIC(3y)2.48%
ROIC(5y)2.36%
1.3 Margins
KRC has a Profit Margin of 28.57%. This is amongst the best in the industry. KRC outperforms 83.46% of its industry peers.
KRC's Profit Margin has declined in the last couple of years.
KRC has a Operating Margin of 29.75%. This is in the better half of the industry: KRC outperforms 61.42% of its industry peers.
KRC's Operating Margin has improved in the last couple of years.
KRC has a Gross Margin of 68.11%. This is comparable to the rest of the industry: KRC outperforms 52.76% of its industry peers.
In the last couple of years the Gross Margin of KRC has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.75% | ||
| PM (TTM) | 28.57% | ||
| GM | 68.11% |
OM growth 3Y-0.15%
OM growth 5Y2.1%
PM growth 3Y-34.54%
PM growth 5Y-4.43%
GM growth 3Y-1.97%
GM growth 5Y-0.76%
2. Health
2.1 Basic Checks
KRC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
KRC has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, KRC has more shares outstanding
Compared to 1 year ago, KRC has an improved debt to assets ratio.
2.2 Solvency
KRC has an Altman-Z score of 0.75. This is a bad value and indicates that KRC is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.75, KRC is in the better half of the industry, outperforming 64.57% of the companies in the same industry.
The Debt to FCF ratio of KRC is 89.55, which is on the high side as it means it would take KRC, 89.55 years of fcf income to pay off all of its debts.
KRC's Debt to FCF ratio of 89.55 is fine compared to the rest of the industry. KRC outperforms 63.78% of its industry peers.
KRC has a Debt/Equity ratio of 0.84. This is a neutral value indicating KRC is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.84, KRC is in the better half of the industry, outperforming 70.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 89.55 | ||
| Altman-Z | 0.75 |
ROIC/WACC0.44
WACC5.7%
2.3 Liquidity
KRC has a Current Ratio of 1.60. This is a normal value and indicates that KRC is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.60, KRC is in the better half of the industry, outperforming 74.02% of the companies in the same industry.
KRC has a Quick Ratio of 1.60. This is a normal value and indicates that KRC is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.60, KRC is in the better half of the industry, outperforming 74.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.6 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.59% over the past year.
Measured over the past years, KRC shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.11% on average per year.
KRC shows a small growth in Revenue. In the last year, the Revenue has grown by 0.77%.
KRC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.28% yearly.
EPS 1Y (TTM)6.59%
EPS 3Y4.08%
EPS 5Y-0.11%
EPS Q2Q%-13.64%
Revenue 1Y (TTM)0.77%
Revenue growth 3Y5.94%
Revenue growth 5Y6.28%
Sales Q2Q%-2.17%
3.2 Future
The Earnings Per Share is expected to decrease by -18.50% on average over the next years. This is quite bad
KRC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.26% yearly.
EPS Next Y-4.52%
EPS Next 2Y-46.59%
EPS Next 3Y-36.91%
EPS Next 5Y-18.5%
Revenue Next Year-2.03%
Revenue Next 2Y1.05%
Revenue Next 3Y-0.24%
Revenue Next 5Y0.26%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
KRC is valuated rather expensively with a Price/Earnings ratio of 21.36.
Compared to the rest of the industry, the Price/Earnings ratio of KRC indicates a somewhat cheap valuation: KRC is cheaper than 79.53% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of KRC to the average of the S&P500 Index (26.51), we can say KRC is valued inline with the index average.
KRC is valuated quite expensively with a Price/Forward Earnings ratio of 75.29.
The rest of the industry has a similar Price/Forward Earnings ratio as KRC.
KRC's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 23.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.36 | ||
| Fwd PE | 75.29 |
4.2 Price Multiples
KRC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. KRC is cheaper than 69.29% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KRC is valued a bit cheaper than 62.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 87.77 | ||
| EV/EBITDA | 12.58 |
4.3 Compensation for Growth
The decent profitability rating of KRC may justify a higher PE ratio.
KRC's earnings are expected to decrease with -36.91% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-46.59%
EPS Next 3Y-36.91%
5. Dividend
5.1 Amount
KRC has a Yearly Dividend Yield of 5.68%, which is a nice return.
Compared to an average industry Dividend Yield of 6.43, KRC has a dividend in line with its industry peers.
KRC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
5.2 History
The dividend of KRC has a limited annual growth rate of 2.81%.
KRC has paid a dividend for at least 10 years, which is a reliable track record.
KRC has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.81%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
KRC pays out 80.05% of its income as dividend. This is not a sustainable payout ratio.
KRC's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP80.05%
EPS Next 2Y-46.59%
EPS Next 3Y-36.91%
38.02
+0.65 (+1.74%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners132.87%
Inst Owner Change7.48%
Ins Owners0.63%
Ins Owner Change-0.06%
Market Cap4.50B
Revenue(TTM)1.13B
Net Income(TTM)321.97M
Analysts67
Price Target42.55 (11.91%)
Short Float %11.55%
Short Ratio10.41
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.68% |
Yearly Dividend2.18
Dividend Growth(5Y)2.81%
DP80.05%
Div Incr Years0
Div Non Decr Years14
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)30.06%
Min EPS beat(2)-17.63%
Max EPS beat(2)77.75%
EPS beat(4)3
Avg EPS beat(4)28.91%
Min EPS beat(4)-17.63%
Max EPS beat(4)77.75%
EPS beat(8)6
Avg EPS beat(8)17.67%
EPS beat(12)9
Avg EPS beat(12)16.19%
EPS beat(16)12
Avg EPS beat(16)20.5%
Revenue beat(2)2
Avg Revenue beat(2)3.88%
Min Revenue beat(2)1.74%
Max Revenue beat(2)6.03%
Revenue beat(4)3
Avg Revenue beat(4)1.7%
Min Revenue beat(4)-2.36%
Max Revenue beat(4)6.03%
Revenue beat(8)6
Avg Revenue beat(8)0.33%
Revenue beat(12)9
Avg Revenue beat(12)0.59%
Revenue beat(16)13
Avg Revenue beat(16)1.28%
PT rev (1m)-0.34%
PT rev (3m)9.77%
EPS NQ rev (1m)-8.54%
EPS NQ rev (3m)1.01%
EPS NY rev (1m)20.6%
EPS NY rev (3m)31.76%
Revenue NQ rev (1m)-0.39%
Revenue NQ rev (3m)0.67%
Revenue NY rev (1m)0.45%
Revenue NY rev (3m)1.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.36 | ||
| Fwd PE | 75.29 | ||
| P/S | 3.99 | ||
| P/FCF | 87.77 | ||
| P/OCF | 7.95 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 12.58 |
EPS(TTM)1.78
EY4.68%
EPS(NY)0.51
Fwd EY1.33%
FCF(TTM)0.43
FCFY1.14%
OCF(TTM)4.78
OCFY12.57%
SpS9.52
BVpS46.2
TBVpS46.2
PEG (NY)N/A
PEG (5Y)N/A
Graham Number43.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.93% | ||
| ROE | 5.89% | ||
| ROCE | 3.2% | ||
| ROIC | 2.53% | ||
| ROICexc | 2.62% | ||
| ROICexgc | 2.62% | ||
| OM | 29.75% | ||
| PM (TTM) | 28.57% | ||
| GM | 68.11% | ||
| FCFM | 4.55% |
ROA(3y)1.97%
ROA(5y)2.74%
ROE(3y)4.01%
ROE(5y)5.44%
ROIC(3y)2.48%
ROIC(5y)2.36%
ROICexc(3y)2.57%
ROICexc(5y)2.47%
ROICexgc(3y)2.58%
ROICexgc(5y)2.48%
ROCE(3y)3.14%
ROCE(5y)2.99%
ROICexgc growth 3Y3.65%
ROICexgc growth 5Y4.08%
ROICexc growth 3Y3.45%
ROICexc growth 5Y3.95%
OM growth 3Y-0.15%
OM growth 5Y2.1%
PM growth 3Y-34.54%
PM growth 5Y-4.43%
GM growth 3Y-1.97%
GM growth 5Y-0.76%
F-Score8
Asset Turnover0.1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 89.55 | ||
| Debt/EBITDA | 6.68 | ||
| Cap/Depr | 146.35% | ||
| Cap/Sales | 45.63% | ||
| Interest Coverage | 2.57 | ||
| Cash Conversion | 82.36% | ||
| Profit Quality | 15.92% | ||
| Current Ratio | 1.6 | ||
| Quick Ratio | 1.6 | ||
| Altman-Z | 0.75 |
F-Score8
WACC5.7%
ROIC/WACC0.44
Cap/Depr(3y)152.59%
Cap/Depr(5y)248.71%
Cap/Sales(3y)48.58%
Cap/Sales(5y)80.51%
Profit Quality(3y)16.5%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.59%
EPS 3Y4.08%
EPS 5Y-0.11%
EPS Q2Q%-13.64%
EPS Next Y-4.52%
EPS Next 2Y-46.59%
EPS Next 3Y-36.91%
EPS Next 5Y-18.5%
Revenue 1Y (TTM)0.77%
Revenue growth 3Y5.94%
Revenue growth 5Y6.28%
Sales Q2Q%-2.17%
Revenue Next Year-2.03%
Revenue Next 2Y1.05%
Revenue Next 3Y-0.24%
Revenue Next 5Y0.26%
EBIT growth 1Y4.22%
EBIT growth 3Y5.78%
EBIT growth 5Y8.52%
EBIT Next Year102.24%
EBIT Next 3Y26.66%
EBIT Next 5Y16.26%
FCF growth 1Y10.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-5.82%
OCF growth 3Y1.57%
OCF growth 5Y3.37%
KILROY REALTY CORP / KRC FAQ
Can you provide the ChartMill fundamental rating for KILROY REALTY CORP?
ChartMill assigns a fundamental rating of 5 / 10 to KRC.
What is the valuation status for KRC stock?
ChartMill assigns a valuation rating of 4 / 10 to KILROY REALTY CORP (KRC). This can be considered as Fairly Valued.
What is the profitability of KRC stock?
KILROY REALTY CORP (KRC) has a profitability rating of 7 / 10.
What are the PE and PB ratios of KILROY REALTY CORP (KRC) stock?
The Price/Earnings (PE) ratio for KILROY REALTY CORP (KRC) is 21.36 and the Price/Book (PB) ratio is 0.82.
How financially healthy is KILROY REALTY CORP?
The financial health rating of KILROY REALTY CORP (KRC) is 4 / 10.