MODIV INDUSTRIAL INC (MDV) Stock Fundamental Analysis
NYSE:MDV - New York Stock Exchange, Inc. - US60784B1017 - REIT - Currency: USD
MDV gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 129 industry peers in the Diversified REITs industry. Both the profitability and the financial health of MDV get a neutral evaluation. Nothing too spectacular is happening here. MDV does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year MDV has reported negative net income.
In the past year MDV had a positive cash flow from operations.
In the past 5 years MDV reported 4 times negative net income.
MDV had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MDV's Return On Assets of -0.12% is on the low side compared to the rest of the industry. MDV is outperformed by 60.47% of its industry peers.
With a Return On Equity value of -0.35%, MDV is not doing good in the industry: 60.47% of the companies in the same industry are doing better.
MDV's Return On Invested Capital of 3.12% is fine compared to the rest of the industry. MDV outperforms 60.47% of its industry peers.
MDV had an Average Return On Invested Capital over the past 3 years of 2.12%. This is in line with the industry average of 3.15%.
The 3 year average ROIC (2.12%) for MDV is below the current ROIC(3.12%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.12% | ||
| ROE | -0.35% | ||
| ROIC | 3.12% |
ROA(3y)-1.01%
ROA(5y)-3.09%
ROE(3y)-3.42%
ROE(5y)-9.27%
ROIC(3y)2.12%
ROIC(5y)1.53%
1.3 Margins
MDV has a Operating Margin of 42.50%. This is amongst the best in the industry. MDV outperforms 87.60% of its industry peers.
MDV's Operating Margin has improved in the last couple of years.
MDV's Gross Margin of 92.54% is amongst the best of the industry. MDV outperforms 93.80% of its industry peers.
In the last couple of years the Gross Margin of MDV has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 42.5% | ||
| PM (TTM) | N/A | ||
| GM | 92.54% |
OM growth 3Y67.86%
OM growth 5Y18.86%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.08%
GM growth 5Y2.86%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MDV is destroying value.
Compared to 1 year ago, MDV has more shares outstanding
MDV has more shares outstanding than it did 5 years ago.
MDV has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.11, we must say that MDV is in the distress zone and has some risk of bankruptcy.
MDV has a worse Altman-Z score (0.11) than 72.87% of its industry peers.
The Debt to FCF ratio of MDV is 25.54, which is on the high side as it means it would take MDV, 25.54 years of fcf income to pay off all of its debts.
MDV has a better Debt to FCF ratio (25.54) than 74.42% of its industry peers.
MDV has a Debt/Equity ratio of 1.63. This is a high value indicating a heavy dependency on external financing.
MDV has a Debt to Equity ratio of 1.63. This is in the lower half of the industry: MDV underperforms 65.89% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 25.54 | ||
| Altman-Z | 0.11 |
ROIC/WACC0.46
WACC6.76%
2.3 Liquidity
MDV has a Current Ratio of 4.88. This indicates that MDV is financially healthy and has no problem in meeting its short term obligations.
MDV has a better Current ratio (4.88) than 93.80% of its industry peers.
A Quick Ratio of 4.88 indicates that MDV has no problem at all paying its short term obligations.
MDV has a better Quick ratio (4.88) than 93.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.88 | ||
| Quick Ratio | 4.88 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 87.50% over the past year.
The Revenue has decreased by -4.13% in the past year.
The Revenue has been growing by 13.76% on average over the past years. This is quite good.
EPS 1Y (TTM)87.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-103.03%
Revenue 1Y (TTM)-4.13%
Revenue growth 3Y7.26%
Revenue growth 5Y13.76%
Sales Q2Q%-1.45%
3.2 Future
The Earnings Per Share is expected to grow by 2.94% on average over the next years.
MDV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.34% yearly.
EPS Next Y-69.03%
EPS Next 2Y-23.9%
EPS Next 3Y2.94%
EPS Next 5YN/A
Revenue Next Year2.68%
Revenue Next 2Y3.56%
Revenue Next 3Y2.24%
Revenue Next 5Y2.34%
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
MDV reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
With a Price/Forward Earnings ratio of 101.48, MDV can be considered very expensive at the moment.
MDV's Price/Forward Earnings is on the same level as the industry average.
MDV is valuated expensively when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 101.48 |
4.2 Price Multiples
72.87% of the companies in the same industry are more expensive than MDV, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, MDV is valued cheaper than 86.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.57 | ||
| EV/EBITDA | 11.71 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-23.9%
EPS Next 3Y2.94%
5. Dividend
5.1 Amount
MDV has a Yearly Dividend Yield of 7.90%, which is a nice return.
MDV's Dividend Yield is a higher than the industry average which is at 6.43.
Compared to an average S&P500 Dividend Yield of 2.37, MDV pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.9% |
5.2 History
MDV has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
The earnings of MDV are negative and hence is the payout ratio. MDV will probably not be able to sustain this dividend level.
DP-2417.04%
EPS Next 2Y-23.9%
EPS Next 3Y2.94%
14.69
-0.02 (-0.14%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners17.04%
Inst Owner Change0%
Ins Owners2.92%
Ins Owner Change1.72%
Market Cap148.66M
Analysts84.44
Price Target18.05 (22.87%)
Short Float %0.28%
Short Ratio0.35
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.9% |
Yearly Dividend1.6
Dividend Growth(5Y)N/A
DP-2417.04%
Div Incr Years0
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)143.79%
Min EPS beat(2)88.58%
Max EPS beat(2)199.01%
EPS beat(4)3
Avg EPS beat(4)-61.77%
Min EPS beat(4)-694.06%
Max EPS beat(4)199.01%
EPS beat(8)5
Avg EPS beat(8)48.97%
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)1
Avg Revenue beat(2)0.66%
Min Revenue beat(2)-0.61%
Max Revenue beat(2)1.93%
Revenue beat(4)2
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-4.05%
Max Revenue beat(4)1.93%
Revenue beat(8)4
Avg Revenue beat(8)0.05%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.67%
PT rev (3m)-2.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)200%
EPS NY rev (1m)-34.28%
EPS NY rev (3m)169.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.46%
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)-1.26%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 101.48 | ||
| P/S | 3.19 | ||
| P/FCF | 13.57 | ||
| P/OCF | 8.12 | ||
| P/B | 0.87 | ||
| P/tB | 0.88 | ||
| EV/EBITDA | 11.71 |
EPS(TTM)-0.09
EYN/A
EPS(NY)0.14
Fwd EY0.99%
FCF(TTM)1.08
FCFY7.37%
OCF(TTM)1.81
OCFY12.31%
SpS4.6
BVpS16.91
TBVpS16.79
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.12% | ||
| ROE | -0.35% | ||
| ROCE | 3.95% | ||
| ROIC | 3.12% | ||
| ROICexc | 3.16% | ||
| ROICexgc | 3.19% | ||
| OM | 42.5% | ||
| PM (TTM) | N/A | ||
| GM | 92.54% | ||
| FCFM | 23.51% |
ROA(3y)-1.01%
ROA(5y)-3.09%
ROE(3y)-3.42%
ROE(5y)-9.27%
ROIC(3y)2.12%
ROIC(5y)1.53%
ROICexc(3y)2.16%
ROICexc(5y)1.58%
ROICexgc(3y)2.18%
ROICexgc(5y)1.6%
ROCE(3y)2.69%
ROCE(5y)1.95%
ROICexcg growth 3Y59.93%
ROICexcg growth 5Y30.52%
ROICexc growth 3Y62.55%
ROICexc growth 5Y34.05%
OM growth 3Y67.86%
OM growth 5Y18.86%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.08%
GM growth 5Y2.86%
F-Score5
Asset Turnover0.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.63 | ||
| Debt/FCF | 25.54 | ||
| Debt/EBITDA | 7.75 | ||
| Cap/Depr | 45.14% | ||
| Cap/Sales | 15.78% | ||
| Interest Coverage | 1.5 | ||
| Cash Conversion | 50.72% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.88 | ||
| Quick Ratio | 4.88 | ||
| Altman-Z | 0.11 |
F-Score5
WACC6.76%
ROIC/WACC0.46
Cap/Depr(3y)581.06%
Cap/Depr(5y)371.93%
Cap/Sales(3y)189.95%
Cap/Sales(5y)123.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)87.5%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-103.03%
EPS Next Y-69.03%
EPS Next 2Y-23.9%
EPS Next 3Y2.94%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.13%
Revenue growth 3Y7.26%
Revenue growth 5Y13.76%
Sales Q2Q%-1.45%
Revenue Next Year2.68%
Revenue Next 2Y3.56%
Revenue Next 3Y2.24%
Revenue Next 5Y2.34%
EBIT growth 1Y117.17%
EBIT growth 3Y80.05%
EBIT growth 5Y35.21%
EBIT Next Year80.32%
EBIT Next 3Y29.12%
EBIT Next 5YN/A
FCF growth 1Y114.09%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-10.76%
OCF growth 3Y23.3%
OCF growth 5Y30.88%