KITE REALTY GROUP TRUST (KRG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:KRG - US49803T3005 - REIT
24.1 USD
+0.07 (+0.29%)
24.1 USD
0 (0%)
Taking everything into account, KRG scores 5 out of 10 in our fundamental rating. KRG was compared to 128 industry peers in the Diversified REITs industry. There are concerns on the financial health of KRG while its profitability can be described as average. KRG has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year KRG was profitable.
KRG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: KRG reported negative net income in multiple years.
Each year in the past 5 years KRG had a positive operating cash flow.
1.2 Ratios
The Return On Assets of KRG (2.10%) is better than 65.63% of its industry peers.
The Return On Equity of KRG (4.40%) is better than 61.72% of its industry peers.
KRG has a Return On Invested Capital (2.44%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KRG is in line with the industry average of 3.05%.
The last Return On Invested Capital (2.44%) for KRG is above the 3 year average (1.52%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 4.4% | ||
| ROIC | 2.44% |
ROA(3y)0.19%
ROA(5y)-0.22%
ROE(3y)0.37%
ROE(5y)-0.45%
ROIC(3y)1.52%
ROIC(5y)1.17%
1.3 Margins
With a decent Profit Margin value of 16.34%, KRG is doing good in the industry, outperforming 63.28% of the companies in the same industry.
With a Operating Margin value of 23.03%, KRG perfoms like the industry average, outperforming 50.78% of the companies in the same industry.
KRG's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 74.01%, KRG is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
KRG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.03% | ||
| PM (TTM) | 16.34% | ||
| GM | 74.01% |
OM growth 3Y32.78%
OM growth 5Y-1.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.06%
GM growth 5Y0.26%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so KRG is destroying value.
Compared to 1 year ago, KRG has about the same amount of shares outstanding.
Compared to 5 years ago, KRG has more shares outstanding
KRG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.76, we must say that KRG is in the distress zone and has some risk of bankruptcy.
KRG has a Altman-Z score of 0.76. This is in the better half of the industry: KRG outperforms 65.63% of its industry peers.
KRG has a debt to FCF ratio of 10.47. This is a negative value and a sign of low solvency as KRG would need 10.47 years to pay back of all of its debts.
KRG has a better Debt to FCF ratio (10.47) than 90.63% of its industry peers.
KRG has a Debt/Equity ratio of 0.93. This is a neutral value indicating KRG is somewhat dependend on debt financing.
KRG has a Debt to Equity ratio of 0.93. This is in the better half of the industry: KRG outperforms 64.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 10.47 | ||
| Altman-Z | 0.76 |
ROIC/WACC0.36
WACC6.81%
2.3 Liquidity
KRG has a Current Ratio of 0.71. This is a bad value and indicates that KRG is not financially healthy enough and could expect problems in meeting its short term obligations.
KRG's Current ratio of 0.71 is on the low side compared to the rest of the industry. KRG is outperformed by 67.97% of its industry peers.
KRG has a Quick Ratio of 0.71. This is a bad value and indicates that KRG is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of KRG (0.71) is worse than 65.63% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 156.00% over the past year.
KRG shows a small growth in Revenue. In the last year, the Revenue has grown by 3.33%.
The Revenue has been growing by 21.71% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)156%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-187.5%
Revenue 1Y (TTM)3.33%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%-1.06%
3.2 Future
KRG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.24% yearly.
The Revenue is expected to grow by 2.64% on average over the next years.
EPS Next Y74.31%
EPS Next 2Y10.78%
EPS Next 3Y12.24%
EPS Next 5YN/A
Revenue Next Year2.12%
Revenue Next 2Y0.46%
Revenue Next 3Y-0.76%
Revenue Next 5Y2.64%
3.3 Evolution
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 37.66, the valuation of KRG can be described as expensive.
KRG's Price/Earnings ratio is in line with the industry average.
KRG's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.57.
The Price/Forward Earnings ratio is 63.35, which means the current valuation is very expensive for KRG.
KRG's Price/Forward Earnings is on the same level as the industry average.
KRG's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.66 | ||
| Fwd PE | 63.35 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KRG is on the same level as its industry peers.
KRG's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. KRG is cheaper than 78.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.57 | ||
| EV/EBITDA | 13.78 |
4.3 Compensation for Growth
KRG's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KRG has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as KRG's earnings are expected to grow with 12.24% in the coming years.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y10.78%
EPS Next 3Y12.24%
5. Dividend
5.1 Amount
KRG has a Yearly Dividend Yield of 4.58%, which is a nice return.
Compared to an average industry Dividend Yield of 6.43, KRG has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, KRG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.58% |
5.2 History
The dividend of KRG decreases each year by -8.66%.
KRG has been paying a dividend for at least 10 years, so it has a reliable track record.
As KRG did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-8.66%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
KRG pays out 168.35% of its income as dividend. This is not a sustainable payout ratio.
DP168.35%
EPS Next 2Y10.78%
EPS Next 3Y12.24%
24.1
+0.07 (+0.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners103.43%
Inst Owner Change-1.13%
Ins Owners0.69%
Ins Owner Change-2.41%
Market Cap5.22B
Revenue(TTM)854.93M
Net Income(TTM)139.66M
Analysts74.12
Price Target26.43 (9.67%)
Short Float %6.01%
Short Ratio7.09
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.58% |
Yearly Dividend1.01
Dividend Growth(5Y)-8.66%
DP168.35%
Div Incr Years5
Div Non Decr Years5
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)195.99%
Min EPS beat(2)-201.07%
Max EPS beat(2)593.05%
EPS beat(4)3
Avg EPS beat(4)106.98%
Min EPS beat(4)-201.07%
Max EPS beat(4)593.05%
EPS beat(8)7
Avg EPS beat(8)90.24%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.07%
Min Revenue beat(2)-3.56%
Max Revenue beat(2)-0.59%
Revenue beat(4)2
Avg Revenue beat(4)0.41%
Min Revenue beat(4)-3.56%
Max Revenue beat(4)3.83%
Revenue beat(8)3
Avg Revenue beat(8)-0.52%
Revenue beat(12)7
Avg Revenue beat(12)0.24%
Revenue beat(16)11
Avg Revenue beat(16)1.51%
PT rev (1m)0.35%
PT rev (3m)1.65%
EPS NQ rev (1m)1.81%
EPS NQ rev (3m)7.68%
EPS NY rev (1m)-5.43%
EPS NY rev (3m)7.72%
Revenue NQ rev (1m)-1.65%
Revenue NQ rev (3m)-2.23%
Revenue NY rev (1m)-1.03%
Revenue NY rev (3m)-1.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.66 | ||
| Fwd PE | 63.35 | ||
| P/S | 6.1 | ||
| P/FCF | 18.57 | ||
| P/OCF | 12.02 | ||
| P/B | 1.64 | ||
| P/tB | 1.81 | ||
| EV/EBITDA | 13.78 |
EPS(TTM)0.64
EY2.66%
EPS(NY)0.38
Fwd EY1.58%
FCF(TTM)1.3
FCFY5.38%
OCF(TTM)2
OCFY8.32%
SpS3.95
BVpS14.65
TBVpS13.33
PEG (NY)0.51
PEG (5Y)N/A
Graham Number14.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 4.4% | ||
| ROCE | 3.09% | ||
| ROIC | 2.44% | ||
| ROICexc | 2.47% | ||
| ROICexgc | 2.59% | ||
| OM | 23.03% | ||
| PM (TTM) | 16.34% | ||
| GM | 74.01% | ||
| FCFM | 32.87% |
ROA(3y)0.19%
ROA(5y)-0.22%
ROE(3y)0.37%
ROE(5y)-0.45%
ROIC(3y)1.52%
ROIC(5y)1.17%
ROICexc(3y)1.54%
ROICexc(5y)1.19%
ROICexgc(3y)1.63%
ROICexgc(5y)1.24%
ROCE(3y)1.92%
ROCE(5y)1.49%
ROICexgc growth 3Y86.98%
ROICexgc growth 5Y1.62%
ROICexc growth 3Y83.34%
ROICexc growth 5Y0.43%
OM growth 3Y32.78%
OM growth 5Y-1.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.06%
GM growth 5Y0.26%
F-Score7
Asset Turnover0.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.93 | ||
| Debt/FCF | 10.47 | ||
| Debt/EBITDA | 5.02 | ||
| Cap/Depr | 39.32% | ||
| Cap/Sales | 17.91% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 74.05% | ||
| Profit Quality | 201.18% | ||
| Current Ratio | 0.71 | ||
| Quick Ratio | 0.71 | ||
| Altman-Z | 0.76 |
F-Score7
WACC6.81%
ROIC/WACC0.36
Cap/Depr(3y)34.03%
Cap/Depr(5y)31.92%
Cap/Sales(3y)17.94%
Cap/Sales(5y)16.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)156%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-187.5%
EPS Next Y74.31%
EPS Next 2Y10.78%
EPS Next 3Y12.24%
EPS Next 5YN/A
Revenue 1Y (TTM)3.33%
Revenue growth 3Y31.14%
Revenue growth 5Y21.71%
Sales Q2Q%-1.06%
Revenue Next Year2.12%
Revenue Next 2Y0.46%
Revenue Next 3Y-0.76%
Revenue Next 5Y2.64%
EBIT growth 1Y19.81%
EBIT growth 3Y74.13%
EBIT growth 5Y20.41%
EBIT Next Year224.46%
EBIT Next 3Y50.32%
EBIT Next 5Y36.77%
FCF growth 1Y9.16%
FCF growth 3Y86.16%
FCF growth 5Y26.84%
OCF growth 1Y6.36%
OCF growth 3Y61%
OCF growth 5Y24.87%
KITE REALTY GROUP TRUST / KRG FAQ
Can you provide the ChartMill fundamental rating for KITE REALTY GROUP TRUST?
ChartMill assigns a fundamental rating of 5 / 10 to KRG.
What is the valuation status of KITE REALTY GROUP TRUST (KRG) stock?
ChartMill assigns a valuation rating of 4 / 10 to KITE REALTY GROUP TRUST (KRG). This can be considered as Fairly Valued.
How profitable is KITE REALTY GROUP TRUST (KRG) stock?
KITE REALTY GROUP TRUST (KRG) has a profitability rating of 6 / 10.
What is the valuation of KITE REALTY GROUP TRUST based on its PE and PB ratios?
The Price/Earnings (PE) ratio for KITE REALTY GROUP TRUST (KRG) is 37.66 and the Price/Book (PB) ratio is 1.64.
What is the earnings growth outlook for KITE REALTY GROUP TRUST?
The Earnings per Share (EPS) of KITE REALTY GROUP TRUST (KRG) is expected to grow by 74.31% in the next year.